NasdaqGS:MRTN

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

How has Marten Transport's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MRTN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.2%

MRTN

0.8%

US Transportation

2.3%

US Market


1 Year Return

20.8%

MRTN

22.1%

US Transportation

17.2%

US Market

Return vs Industry: MRTN underperformed the US Transportation industry which returned 22.1% over the past year.

Return vs Market: MRTN exceeded the US Market which returned 17.2% over the past year.


Shareholder returns

MRTNIndustryMarket
7 Day3.2%0.8%2.3%
30 Day-10.1%-0.3%-4.6%
90 Day-2.0%15.6%7.4%
1 Year21.8%20.8%23.8%22.1%19.8%17.2%
3 Year28.9%22.4%62.1%54.1%37.4%28.3%
5 Year154.1%139.0%139.2%118.4%83.8%63.0%

Price Volatility Vs. Market

How volatile is Marten Transport's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

20.9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MRTN ($16.32) is trading above our estimate of fair value ($9.41)

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


Price To Earnings Ratio

PE vs Industry: MRTN is good value based on its PE Ratio (20.9x) compared to the US Transportation industry average (26.7x).

PE vs Market: MRTN is poor value based on its PE Ratio (20.9x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: MRTN is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: MRTN is good value based on its PB Ratio (2.1x) compared to the US Transportation industry average (2.6x).


Next Steps

Future Growth

How is Marten Transport forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

8.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MRTN's forecast earnings growth (8% per year) is above the savings rate (2.2%).

Earnings vs Market: MRTN's earnings (8% per year) are forecast to grow slower than the US market (22.1% per year).

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

Revenue vs Market: MRTN's revenue (5.8% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: MRTN's revenue (5.8% 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


Next Steps

Past Performance

How has Marten Transport performed over the past 5 years?

15.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MRTN has high quality earnings.

Growing Profit Margin: MRTN's current net profit margins (7.4%) are higher than last year (7.3%).


Past Earnings Growth Analysis

Earnings Trend: MRTN's earnings have grown by 15.9% per year over the past 5 years.

Accelerating Growth: MRTN's earnings growth over the past year (7.4%) is below its 5-year average (15.9% per year).

Earnings vs Industry: MRTN earnings growth over the past year (7.4%) exceeded the Transportation industry -16.6%.


Return on Equity

High ROE: MRTN's Return on Equity (10.2%) is considered low.


Next Steps

Financial Health

How is Marten Transport's financial position?


Financial Position Analysis

Short Term Liabilities: MRTN's short term assets ($194.7M) exceed its short term liabilities ($87.6M).

Long Term Liabilities: MRTN's short term assets ($194.7M) exceed its long term liabilities ($123.9M).


Debt to Equity History and Analysis

Debt Level: MRTN is debt free.

Reducing Debt: MRTN has no debt compared to 5 years ago when its debt to equity ratio was 0.1%.

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


Next Steps

Dividend

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

0.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MRTN's dividend (0.65%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.72%).

High Dividend: MRTN's dividend (0.65%) is low compared to the top 25% of dividend payers in the US market (4.89%).


Stability and Growth of Payments

Stable Dividend: MRTN is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: MRTN is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: MRTN is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MRTN's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

13.5yrs

Average management tenure


CEO

Randy Marten (67 yo)

15.67yrs

Tenure

US$1,192,964

Compensation

Mr. Randolph L. Marten, also known as Randy, has been the Chief Executive Officer of Marten Transport, Ltd. since January 2005. Mr. Marten served as the President of Marten Transport, Ltd. from June 1986 t ...


CEO Compensation Analysis

Compensation vs Market: Randy's total compensation ($USD1.19M) is below average for companies of similar size in the US market ($USD4.57M).

Compensation vs Earnings: Randy's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Randolph Marten
Chairman of the Board & CEO15.67yrsUS$1.19m21.45%
$ 289.3m
Timothy Kohl
President12.25yrsUS$884.28k0.19%
$ 2.6m
James Hinnendael
Executive VP & CFO14.67yrsUS$536.61k0.19%
$ 2.6m
John Turner
Executive Vice President of Sales & Marketing0.75yrUS$522.92k0.041%
$ 558.4k
Thomas Letscher
Secretaryno datano datano data

13.5yrs

Average Tenure

62.5yo

Average Age

Experienced Management: MRTN's management team is seasoned and experienced (13.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Randolph Marten
Chairman of the Board & CEO15.67yrsUS$1.19m21.45%
$ 289.3m
Robert Demorest
Independent Director12.75yrsUS$81.59k0.043%
$ 579.3k
Kathleen Iverson
Independent Director0.75yrno data0.0027%
$ 36.7k
Jerry Bauer
Independent Director23.67yrsUS$78.84k0.14%
$ 1.8m
Larry Hagness
Independent Director29.17yrsUS$78.84k0.21%
$ 2.8m
Thomas Winkel
Lead Independent Directorno dataUS$122.75k0.045%
$ 611.8k
Ronald Booth
Independent Director5yrsUS$88.09k0.014%
$ 191.7k

18.2yrs

Average Tenure

69yo

Average Age

Experienced Board: MRTN's board of directors are seasoned and experienced ( 18.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: MRTN insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Marten Transport, Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Marten Transport, Ltd.
  • Ticker: MRTN
  • Exchange: NasdaqGS
  • Founded: 1946
  • Industry: Trucking
  • Sector: Transportation
  • Market Cap: US$1.349b
  • Shares outstanding: 82.66m
  • Website: https://www.marten.com

Number of Employees


Location

  • Marten Transport, Ltd.
  • 129 Marten Street
  • Mondovi
  • Wisconsin
  • 54755
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MRTNNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDSep 1986
MT9DB (Deutsche Boerse AG)YesCommon StockDEEURSep 1986

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/30 23:40
End of Day Share Price2020/09/30 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.