Marten Transport (NasdaqGS:MRTN) - Share price, News & Analysis

MRTN fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	4/6
Financial Health	6/6
Dividends	5/6

MRTN Stock Overview

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico.

Rewards

Earnings are forecast to grow 4.45% per year

Earnings have grown 7.4% per year over the past 5 years

Risk Analysis

Dividend of 4.2% is not well covered by earnings

Marten Transport Competitors

Old Dominion Freight Line

NasdaqGS:ODFL

US$28.5b

J.B. Hunt Transport Services

NasdaqGS:JBHT

US$17.5b

Knight-Swift Transportation Holdings

NYSE:KNX

US$7.9b

XPO Logistics

NYSE:XPO

US$5.7b

Price History & Performance

Summary of all time highs, changes and price drops for Marten Transport
Historical stock prices
Current Share Price	US$17.62
52 Week High	US$19.94
52 Week Low	US$14.72
Beta	0.84
1 Month Change	1.79%
3 Month Change	5.32%
1 Year Change	5.57%
3 Year Change	45.22%
5 Year Change	77.98%
Change since IPO	8,262.84%

Recent News & Updates

May 04

Marten Transport (NASDAQ:MRTN) Is Doing The Right Things To Multiply Its Share Price

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Apr 21

Does Marten Transport (NASDAQ:MRTN) Deserve A Spot On Your Watchlist?

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Shareholder Returns

	MRTN	US Transportation	US Market
7D	8.2%	-1.5%	1.0%
1Y	5.6%	-26.8%	-15.1%

Return vs Industry: MRTN exceeded the US Transportation industry which returned -26.5% over the past year.

Return vs Market: MRTN exceeded the US Market which returned -13.2% over the past year.

Price Volatility

Is MRTN's price volatile compared to industry and market?
MRTN volatility
MRTN Average Weekly Movement	5.5%
Transportation Industry Average Movement	9.0%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	2.9%

Stable Share Price: MRTN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MRTN's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1946	4,007	Tim Kohl	https://www.marten.com

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment.

Marten Transport Fundamentals Summary

How do Marten Transport's earnings and revenue compare to its market cap?
MRTN fundamental statistics
Market Cap	US$1.44b
Earnings (TTM)	US$94.96m
Revenue (TTM)	US$1.04b

15.2x

P/E Ratio

1.4x

P/S Ratio

Is MRTN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MRTN income statement (TTM)
Revenue	US$1.04b
Cost of Revenue	US$746.09m
Gross Profit	US$291.79m
Other Expenses	US$196.84m
Earnings	US$94.96m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	1.16
Gross Margin	28.11%
Net Profit Margin	9.15%
Debt/Equity Ratio	0%

How did MRTN perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

16%

Payout Ratio

Does MRTN pay a reliable dividends?

See MRTN dividend history and benchmarks

When do you need to buy MRTN by to receive an upcoming dividend?
Marten Transport dividend dates
Ex Dividend Date	Jun 15 2022
Dividend Pay Date	Jun 30 2022
Days until Ex dividend	19 days
Days until Dividend pay date	34 days

Does MRTN pay a reliable dividends?

See MRTN dividend history and benchmarks

Valuation

Is Marten Transport undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

15.21x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: MRTN ($17.62) is trading above our estimate of fair value ($15.63)

Significantly Below Fair Value: MRTN is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: MRTN is poor value based on its Price-To-Earnings Ratio (15.2x) compared to the US Transportation industry average (9.8x).

PE vs Market: MRTN is poor value based on its Price-To-Earnings Ratio (15.2x) compared to the US market (14.9x).

Price to Earnings Growth Ratio

PEG Ratio: MRTN is poor value based on its PEG Ratio (3.4x)

Price to Book Ratio

PB vs Industry: MRTN is overvalued based on its Price-To-Book Ratio (2.2x) compared to the US Transportation industry average (1.7x).

Future Growth

How is Marten Transport forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

4.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MRTN's forecast earnings growth (4.4% per year) is above the savings rate (1.9%).

Earnings vs Market: MRTN's earnings (4.4% per year) are forecast to grow slower than the US market (12.1% per year).

High Growth Earnings: MRTN's earnings are forecast to grow, but not significantly.

Revenue vs Market: MRTN's revenue (8% per year) is forecast to grow faster than the US market (7.7% per year).

High Growth Revenue: MRTN's revenue (8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if MRTN's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Marten Transport performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

7.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MRTN has high quality earnings.

Growing Profit Margin: MRTN's current net profit margins (9.1%) are higher than last year (8.4%).

Past Earnings Growth Analysis

Earnings Trend: MRTN's earnings have grown by 7.4% per year over the past 5 years.

Accelerating Growth: MRTN's earnings growth over the past year (28.7%) exceeds its 5-year average (7.4% per year).

Earnings vs Industry: MRTN earnings growth over the past year (28.7%) underperformed the Transportation industry 73.3%.

Return on Equity

High ROE: MRTN's Return on Equity (14.6%) is considered low.

Financial Health

How is Marten Transport's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: MRTN's short term assets ($220.0M) exceed its short term liabilities ($109.4M).

Long Term Liabilities: MRTN's short term assets ($220.0M) exceed its long term liabilities ($127.3M).

Debt to Equity History and Analysis

Debt Level: MRTN is debt free.

Reducing Debt: MRTN had no debt 5 years ago.

Debt Coverage: MRTN has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MRTN has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is Marten Transport current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

4.20%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: MRTN's dividend (4.2%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: MRTN's dividend (4.2%) is in the top 25% of dividend payers in the US market (4.06%)

Stability and Growth of Payments

Stable Dividend: MRTN's dividends per share have been stable in the past 10 years.

Growing Dividend: MRTN's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (15.7%), MRTN's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: MRTN is paying a dividend but the company has no free cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure

CEO

Tim Kohl (73 yo)

Tenure

US$1,417,298

Compensation

Mr. Timothy M. Kohl, also known as Tim, has been Chief Executive Officer of Marten Transport, Ltd. since May 4, 2021. He joined Marten Transport, Ltd.in November 2007 and was its President since June 2, 2...

CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD1.42M) is below average for companies of similar size in the US market ($USD5.44M).

Compensation vs Earnings: Tim's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: MRTN's management team is not considered experienced ( 1 years average tenure), which suggests a new team.

Board Members

Experienced Board: MRTN's board of directors are seasoned and experienced ( 25.3 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/25 00:00
End of Day Share Price	2022/05/25 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31