NasdaqGS:PATI

Stock Analysis Report

Patriot Transportation Holding

Executive Summary

Patriot Transportation Holding, Inc., through its subsidiary, Florida Rock & Tank Lines, Inc., engages in the transportation business.


Snowflake Analysis

Flawless balance sheet unattractive dividend payer.


Similar Companies

Share Price & News

How has Patriot Transportation Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-0.5%

PATI

0.1%

US Transportation

-1.1%

US Market


1 Year Return

-36.3%

PATI

11.3%

US Transportation

17.8%

US Market

Return vs Industry: PATI underperformed the US Transportation industry which returned 11.3% over the past year.

Return vs Market: PATI underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

PATIIndustryMarket
7 Day-0.5%0.1%-1.1%
30 Day-12.6%1.6%1.5%
90 Day-32.8%8.7%6.6%
1 Year-23.9%-36.3%13.4%11.3%20.2%17.8%
3 Year-38.8%-48.9%61.4%54.0%47.5%38.1%
5 Year-36.8%-47.1%63.3%30.6%71.2%52.4%

Price Volatility Vs. Market

How volatile is Patriot Transportation Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Patriot Transportation Holding undervalued compared to its fair value and its price relative to the market?

98.9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PATI ($12.26) is trading above our estimate of fair value ($9.45)

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


Price To Earnings Ratio

PE vs Industry: PATI is poor value based on its PE Ratio (98.9x) compared to the Transportation industry average (21.8x).

PE vs Market: PATI is poor value based on its PE Ratio (98.9x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PATI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PATI is good value based on its PB Ratio (0.9x) compared to the US Transportation industry average (2.4x).


Next Steps

Future Growth

How is Patriot Transportation Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.5%

Forecasted Transportation industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Patriot Transportation Holding has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Patriot Transportation Holding performed over the past 5 years?

-9.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PATI has a large one-off gain of $856.0K impacting its December 31 2019 financial results.

Growing Profit Margin: PATI's current net profit margins (0.4%) are lower than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: PATI's earnings have declined by -9.4% per year over the past 5 years.

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

Earnings vs Industry: PATI had negative earnings growth (-82.8%) over the past year, making it difficult to compare to the Transportation industry average (-14.1%).


Return on Equity

High ROE: PATI's Return on Equity (0.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Patriot Transportation Holding's financial position?


Financial Position Analysis

Short Term Liabilities: PATI's short term assets ($31.9M) exceed its short term liabilities ($19.7M).

Long Term Liabilities: PATI's short term assets ($31.9M) exceed its long term liabilities ($11.1M).


Debt to Equity History and Analysis

Debt Level: PATI is debt free.

Reducing Debt: PATI has no debt compared to 5 years ago when its debt to equity ratio was 20.5%.

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

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


Balance Sheet

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

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


Next Steps

Dividend

What is Patriot Transportation Holding's current dividend yield, its reliability and sustainability?

4.89%

Current Dividend Yield


Dividend Yield vs Market

company4.9%marketbottom25%1.4%markettop25%3.7%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: PATI's dividend (4.89%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: PATI's dividend (4.89%) is in the top 25% of dividend payers in the US market (3.73%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether PATI's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if PATI's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (121%), PATI's dividend payments are not 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?

3.4yrs

Average management tenure


CEO

Rob Sandlin (58yo)

2.9yrs

Tenure

US$557,999

Compensation

Mr. Robert E. Sandlin, also known as Rob, has been the Chief Executive Officer and President of Patriot Transportation Holding, Inc. since March 13, 2017. Mr. Sandlin has been the Chief Executive Officer a ...


CEO Compensation Analysis

Compensation vs Market: Rob's total compensation ($USD558.00K) is about average for companies of similar size in the US market ($USD521.92K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Robert Sandlin
President & CEO2.9yrsUS$558.00k0.30% $123.8k
Matthew McNulty
Executive VP2.3yrsUS$296.07k0.0094% $3.9k
John Klopfenstein
Chief Accounting Officer16.9yrsUS$271.38k0.11% $45.4k
John Wagner
Chief Information Officer & VP3.4yrsno datano data
Jeffrey Anthony
Vice President of Human Resources0yrsno datano data
James Anderson
Vice President of Safety & Risk Management7yrsUS$170.68k0.037% $15.3k

3.4yrs

Average Tenure

57yo

Average Age

Experienced Management: PATI's management team is considered experienced (3.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: PATI 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

Patriot Transportation Holding, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Patriot Transportation Holding, Inc.
  • Ticker: PATI
  • Exchange: NasdaqGS
  • Founded:
  • Industry: Trucking
  • Sector: Transportation
  • Market Cap: US$41.087m
  • Shares outstanding: 3.35m
  • Website: https://www.patriottrans.com

Number of Employees


Location

  • Patriot Transportation Holding, Inc.
  • 200 West Forsyth Street
  • 7th Floor
  • Jacksonville
  • Florida
  • 32202
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PATINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 2015

Biography

Patriot Transportation Holding, Inc., through its subsidiary, Florida Rock & Tank Lines, Inc., engages in the transportation business. The company is involved in hauling petroleum related products, including gas and diesel fuel; and dry bulk commodities, such as cement, lime, and various industrial powder products, and liquid chemicals. It serves convenience stores and hypermarket accounts, fuel wholesalers, and oil companies, as well as industrial companies comprising cement and concrete accounts, and product distribution companies. As of September 30, 2019, the company operated a fleet of 376 tractors and 491 tank trailers, and 19 terminals and 6 satellite locations. Patriot Transportation Holding, Inc. is headquartered in Jacksonville, Florida. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 03:46
End of Day Share Price2020/02/21 00:00
Earnings2019/12/31
Annual Earnings2019/09/30


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.