NasdaqGS:MRTN

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

5.3%

MRTN

6.6%

US Transportation

2.3%

US Market


1 Year Return

9.5%

MRTN

7.6%

US Transportation

5.6%

US Market

Return vs Industry: MRTN exceeded the US Transportation industry which returned 7.6% over the past year.

Return vs Market: MRTN exceeded the US Market which returned 5.6% over the past year.


Shareholder returns

MRTNIndustryMarket
7 Day5.3%6.6%2.3%
30 Day-3.2%-3.3%-1.0%
90 Day14.4%-8.3%-0.7%
1 Year13.9%9.5%9.4%7.6%7.9%5.6%
3 Year89.5%80.6%76.1%67.7%45.6%36.3%
5 Year103.1%91.5%73.0%58.0%65.8%47.6%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: MRTN ($21.18) is trading below our estimate of fair value ($97.35)

Significantly Undervalued: MRTN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MRTN is poor value based on its PE Ratio (19.4x) compared to the Transportation industry average (17.6x).

PE vs Market: MRTN is poor value based on its PE Ratio (19.4x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low 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 PB Ratio (1.9x) compared to the US Transportation industry average (1.9x).


Next Steps

Future Growth

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

5.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MRTN's forecast earnings growth (5.6% per year) is above the savings rate (2.7%).

Earnings vs Market: MRTN's earnings (5.6% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: MRTN's revenue (3.9% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: MRTN's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High 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?

22.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MRTN's earnings have grown significantly by 22.9% per year over the past 5 years.

Accelerating Growth: MRTN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MRTN had negative earnings growth (-38.4%) over the past year, making it difficult to compare to the Transportation industry average (-37.9%).


Return on Equity

High ROE: MRTN's Return on Equity (9.9%) is considered low.


Return on Assets

ROA vs Industry: MRTN has a higher Return on Assets than the Transportation industry average last year.


Return on Capital Employed

ROCE Improving: MRTN has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Marten Transport's financial position?


Financial Position Analysis

Short Term Liabilities: MRTN's short term assets ($192.9M) exceeds its short term liabilities ($85.2M)

Long Term Liabilities: MRTN's short term assets (192.9M) exceeds its long term liabilities (109.0M)


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 4.5%.

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

Inventory Level: MRTN has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if MRTN's debt is covered by short term assets.


Next Steps

Dividend

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

0.57%

Current Dividend Yield


Dividend Yield vs Market

company0.6%marketbottom25%1.5%markettop25%3.8%industryaverage1.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MRTN's dividend (0.57%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: MRTN's dividend (0.57%) is low compared to the top 25% of dividend payers in the US market (3.76%).

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

What is the CEO of Marten Transport's salary, the management and board of directors tenure and is there insider trading?

12.5yrs

Average management tenure


CEO

Randy Marten (66yo)

14.8yrs

Tenure

US$1,670,145

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 ($USD1.67M) is below average for companies of similar size in the US market ($USD2.69M).

Compensation vs Earnings: Randy's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

12.5yrs

Average Tenure

61.5yo

Average Age

Experienced Management: MRTN's management team is seasoned and experienced (12.5 years average tenure).


Board Age and Tenure

22.8yrs

Average Tenure

68.5yo

Average Age

Experienced Board: MRTN's board of directors are seasoned and experienced ( 22.8 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellUS$185,62212 Feb 19
Randolph Marten
EntityIndividual
Role
Chief Executive Officer
Chairman of the Board & CEO
Shares9,997
Max PriceUS$18.58
SellUS$1,711,61007 Feb 19
Randolph Marten
EntityIndividual
Role
Chief Executive Officer
Chairman of the Board & CEO
Shares90,003
Max PriceUS$19.20

Ownership Breakdown


Management Team

  • Randy Marten (66yo)

    Chairman of the Board & CEO

    • Tenure: 14.8yrs
    • Compensation: US$1.67m
  • Tim Kohl (71yo)

    President

    • Tenure: 11.3yrs
    • Compensation: US$1.23m
  • John Turner (57yo)

    Senior Vice President of Sales

    • Tenure: 5.8yrs
    • Compensation: US$688.23k
  • Tom Letscher

    Secretary

    • Tenure: 0yrs
  • Jim Hinnendael (56yo)

    Executive VP & CFO

    • Tenure: 13.8yrs
    • Compensation: US$754.28k

Board Members

  • Randy Marten (66yo)

    Chairman of the Board & CEO

    • Tenure: 14.8yrs
    • Compensation: US$1.67m
  • Bob Demorest (73yo)

    Independent Director

    • Tenure: 11.8yrs
    • Compensation: US$79.69k
  • Jerry Bauer (67yo)

    Independent Director

    • Tenure: 22.8yrs
    • Compensation: US$77.44k
  • Larry Hagness (69yo)

    Independent Director

    • Tenure: 28.3yrs
    • Compensation: US$77.44k
  • Thomas Winkel (76yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$115.44k
  • Ronald Booth (68yo)

    Independent Director

    • Tenure: 4.1yrs
    • Compensation: US$84.86k

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$1.157b
  • Shares outstanding: 54.63m
  • 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 Analysis2019/10/16 23:38
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.