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MRTN

Marten TransportNasdaqGS:MRTN Stock Report

Market Cap

US$1.4b

7D

2.1%

1Y

-6.5%

Updated

07 Dec, 2021

Data

Company Financials +
MRTN fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends5/6

MRTN Stock Overview

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

Marten Transport Competitors

Old Dominion Freight Line

NasdaqGS:ODFL

US$40.6b

J.B. Hunt Transport Services

NasdaqGS:JBHT

US$20.5b

Knight-Swift Transportation Holdings

NYSE:KNX

US$9.9b

XPO Logistics

NYSE:XPO

US$8.7b

Price History & Performance

Summary of all time highs, changes and price drops for Marten Transport
Historical stock prices
Current Share PriceUS$16.73
52 Week HighUS$18.38
52 Week LowUS$14.72
Beta0.92
1 Month Change-3.18%
3 Month Change7.18%
1 Year Change-6.48%
3 Year Change43.73%
5 Year Change64.35%
Change since IPO7,840.43%

Recent News & Updates

Nov 30
Marten Transport's (NASDAQ:MRTN) Returns On Capital Are Heading Higher

Marten Transport's (NASDAQ:MRTN) Returns On Capital Are Heading Higher

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Oct 19
When Should You Buy Marten Transport, Ltd. (NASDAQ:MRTN)?

When Should You Buy Marten Transport, Ltd. (NASDAQ:MRTN)?

Marten Transport, Ltd. ( NASDAQ:MRTN ), might not be a large cap stock, but it received a lot of attention from a...

Oct 13

Marten Transport: Q3 Numbers May Provide Catalyst For Share Price Gains

$0.25 in earnings expected for Q3. Top-line growth continues to drive the company forward. Management continues to reward shareholders due to the continuous improvement in operations.

Shareholder Returns

MRTNUS TransportationUS Market
7D2.1%-2.6%-2.6%
1Y-6.5%9.3%17.8%

Return vs Industry: MRTN underperformed the US Transportation industry which returned 6.2% over the past year.

Return vs Market: MRTN underperformed the US Market which returned 16.5% over the past year.

Price Volatility

Is MRTN's price volatile compared to industry and market?
MRTN volatility
MRTN Average Weekly Movement3.6%
Transportation Industry Average Movement6.7%
Market Average Movement6.2%
10% most volatile stocks in US Market14.8%
10% least volatile stocks in US Market2.4%

Stable Share Price: MRTN is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MRTN's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19464,162Tim Kohlhttps://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 CapUS$1.39b
Earnings (TTM)US$80.30m
Revenue (TTM)US$934.10m

17.3x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MRTN income statement (TTM)
RevenueUS$934.10m
Cost of RevenueUS$661.18m
Gross ProfitUS$272.93m
ExpensesUS$192.62m
EarningsUS$80.30m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.97
Gross Margin29.22%
Net Profit Margin8.60%
Debt/Equity Ratio0%

How did MRTN perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

17%

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 DateDec 10 2021
Dividend Pay DateDec 27 2021
Days until Ex dividend3 days
Days until Dividend pay date20 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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MRTN ($16.73) is trading below our estimate of fair value ($87.59)

Significantly Below Fair Value: MRTN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MRTN is good value based on its PE Ratio (17.3x) compared to the US Transportation industry average (17.5x).

PE vs Market: MRTN is poor value based on its PE Ratio (17.3x) compared to the US market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: MRTN is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: MRTN is good value based on its PB Ratio (2.2x) compared to the US Transportation industry average (2.4x).


Future Growth

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

8.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MRTN's forecast earnings growth (8.7% per year) is above the savings rate (2%).

Earnings vs Market: MRTN's earnings (8.7% per year) are forecast to grow slower than the US market (13.8% per year).

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

Revenue vs Market: MRTN's revenue (8.4% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: MRTN's revenue (8.4% 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?

9.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MRTN has high quality earnings.

Growing Profit Margin: MRTN's current net profit margins (8.6%) are higher than last year (7.6%).


Past Earnings Growth Analysis

Earnings Trend: MRTN's earnings have grown by 9.6% per year over the past 5 years.

Accelerating Growth: MRTN's earnings growth over the past year (22.3%) exceeds its 5-year average (9.6% per year).

Earnings vs Industry: MRTN earnings growth over the past year (22.3%) underperformed the Transportation industry 68.6%.


Return on Equity

High ROE: MRTN's Return on Equity (12.7%) is considered low.


Financial Health

How is Marten Transport's financial position?


Financial Position Analysis

Short Term Liabilities: MRTN's short term assets ($211.9M) exceed its short term liabilities ($152.3M).

Long Term Liabilities: MRTN's short term assets ($211.9M) exceed its long term liabilities ($121.0M).


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 2%.

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?

3.95%

Current Dividend Yield


Upcoming Dividend Payment

TodayDec 07 2021Ex Dividend DateDec 10 2021Dividend Pay DateDec 27 202117 days from Ex DividendBuy in the next 3 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: MRTN's dividend (3.95%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: MRTN's dividend (3.95%) is in the top 25% of dividend payers in the US market (3.62%)


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.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.6%), MRTN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Tim Kohl (73 yo)

0.58

Tenure

US$850,149

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 ($USD850.15K) is below average for companies of similar size in the US market ($USD3.71M).

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


Leadership Team

Experienced Management: MRTN's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: MRTN's board of directors are seasoned and experienced ( 24.9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: MRTN 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.


Top Shareholders

Company Information

Marten Transport, Ltd.'s 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$1.388b
  • Shares outstanding: 82.94m
  • Website: https://www.marten.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/07 00:18
End of Day Share Price2021/12/06 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.