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PTSI

P.A.M. Transportation Services NasdaqGM:PTSI Stock Report

Last Price

US$29.52

Market Cap

US$657.3m

7D

-5.2%

1Y

106.1%

Updated

14 May, 2022

Data

Company Financials +
PTSI fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends0/6

PTSI Stock Overview

P.A.M. Transportation Services, Inc., through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada.

Rewards

Trading at 50.8% below our estimate of its fair value

Earnings grew by 184.8% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 4.9% per year for the next 3 years

Has a high level of debt


P.A.M. Transportation Services Competitors

Old Dominion Freight Line

NasdaqGS:ODFL

US$31.0b

J.B. Hunt Transport Services

NasdaqGS:JBHT

US$18.5b

Knight-Swift Transportation Holdings

NYSE:KNX

US$7.8b

Landstar System

NasdaqGS:LSTR

US$5.8b

Price History & Performance

Summary of all time highs, changes and price drops for P.A.M. Transportation Services
Historical stock prices
Current Share PriceUS$29.52
52 Week HighUS$40.89
52 Week LowUS$12.94
Beta1.51
1 Month Change17.00%
3 Month Change-21.33%
1 Year Change106.11%
3 Year Change110.82%
5 Year Change607.49%
Change since IPO10,396.00%

Recent News & Updates

Mar 16
A Look At The Fair Value Of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI)

A Look At The Fair Value Of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI)

In this article we are going to estimate the intrinsic value of P.A.M. Transportation Services, Inc. ( NASDAQ:PTSI ) by...

Shareholder Returns

PTSIUS TransportationUS Market
7D-5.2%-2.2%-2.5%
1Y106.1%-21.4%-10.4%

Return vs Industry: PTSI exceeded the US Transportation industry which returned -21.4% over the past year.

Return vs Market: PTSI exceeded the US Market which returned -10.4% over the past year.

Price Volatility

Is PTSI's price volatile compared to industry and market?
PTSI volatility
PTSI Average Weekly Movement9.7%
Transportation Industry Average Movement8.3%
Market Average Movement7.8%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: PTSI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: PTSI's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19802,510Joseph Vitirittohttps://www.pamtransport.com

P.A.M. Transportation Services, Inc., through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company operates a truckload dry van carrier that transports general commodities. Its freight primarily consists of automotive parts; expedited goods; consumer goods, such as general retail store merchandise; and manufactured goods, including heating and air conditioning units.

P.A.M. Transportation Services Fundamentals Summary

How do P.A.M. Transportation Services's earnings and revenue compare to its market cap?
PTSI fundamental statistics
Market CapUS$657.33m
Earnings (TTM)US$88.51m
Revenue (TTM)US$777.71m

7.4x

P/E Ratio

0.8x

P/S Ratio

Is PTSI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
PTSI income statement (TTM)
RevenueUS$777.71m
Cost of RevenueUS$569.60m
Gross ProfitUS$208.11m
Other ExpensesUS$119.60m
EarningsUS$88.51m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.97
Gross Margin26.76%
Net Profit Margin11.38%
Debt/Equity Ratio109.8%

How did PTSI perform over the long term?

See historical performance and comparison

Valuation

Is P.A.M. Transportation Services undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: PTSI ($29.52) is trading below our estimate of fair value ($60.04)

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

Price To Earnings Ratio

PE vs Industry: PTSI is good value based on its PE Ratio (7.4x) compared to the US Transportation industry average (9.9x).

PE vs Market: PTSI is good value based on its PE Ratio (7.4x) compared to the US market (15.6x).

Price to Earnings Growth Ratio

PEG Ratio: PTSI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

Price to Book Ratio

PB vs Industry: PTSI is overvalued based on its PB Ratio (2.8x) compared to the US Transportation industry average (1.8x).

Future Growth

How is P.A.M. Transportation Services forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

-4.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PTSI's earnings are forecast to decline over the next 3 years (-4.9% per year).

Earnings vs Market: PTSI's earnings are forecast to decline over the next 3 years (-4.9% per year).

High Growth Earnings: PTSI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PTSI's revenue (7.2% per year) is forecast to grow slower than the US market (8% per year).

High Growth Revenue: PTSI's revenue (7.2% 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 PTSI's Return on Equity is forecast to be high in 3 years time

Past Performance

How has P.A.M. Transportation Services performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE

21.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PTSI has high quality earnings.

Growing Profit Margin: PTSI's current net profit margins (11.4%) are higher than last year (6.1%).

Past Earnings Growth Analysis

Earnings Trend: PTSI's earnings have grown significantly by 21.1% per year over the past 5 years.

Accelerating Growth: PTSI's earnings growth over the past year (184.8%) exceeds its 5-year average (21.1% per year).

Earnings vs Industry: PTSI earnings growth over the past year (184.8%) exceeded the Transportation industry 73.3%.

Return on Equity

High ROE: Whilst PTSI's Return on Equity (37.32%) is high, this metric is skewed due to their high level of debt.

Financial Health

How is P.A.M. Transportation Services's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PTSI's short term assets ($274.4M) exceed its short term liabilities ($128.8M).

Long Term Liabilities: PTSI's short term assets ($274.4M) do not cover its long term liabilities ($297.7M).

Debt to Equity History and Analysis

Debt Level: PTSI's net debt to equity ratio (59.7%) is considered high.

Reducing Debt: PTSI's debt to equity ratio has reduced from 169.8% to 109.8% over the past 5 years.

Debt Coverage: PTSI's debt is well covered by operating cash flow (45.7%).

Interest Coverage: PTSI's interest payments on its debt are well covered by EBIT (19.3x coverage).

Balance Sheet

Dividend

What is P.A.M. Transportation Services's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate PTSI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PTSI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PTSI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PTSI's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PTSI has not reported any payouts.

Next Steps

Management

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

1.8yrs

Average management tenure

CEO

Joseph Vitiritto (50 yo)

1.75yrs

Tenure

US$1,496,114

Compensation

Mr. Joseph A. Vitiritto has been President, Chief Executive Officer and Director at P.A.M. Transportation Services, Inc. since August 18, 2020. Mr. Vitiritto has served as Senior Vice President of Pricing...

CEO Compensation Analysis

Compensation vs Market: Joseph's total compensation ($USD1.50M) is below average for companies of similar size in the US market ($USD3.88M).

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

Leadership Team

Experienced Management: PTSI's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Experienced Board: PTSI's board of directors are considered experienced (3.6 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.

Top Shareholders

Company Information

P.A.M. Transportation Services, Inc.'s employee growth, exchange listings and data sources

Key Information

  • Name: P.A.M. Transportation Services, Inc.
  • Ticker: PTSI
  • Exchange: NasdaqGM
  • Founded: 1980
  • Industry: Trucking
  • Sector: Transportation
  • Implied Market Cap: US$657.331m
  • Shares outstanding: 22.27m
  • Website: https://www.pamtransport.com

Number of Employees

Location

  • P.A.M. Transportation Services, Inc.
  • 297 West Henri De Tonti Boulevard
  • Tontitown
  • Arkansas
  • 72770
  • United States

Listings

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/14 00:00
End of Day Share Price2022/05/13 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.