NasdaqGM:PTSI

Stock Analysis Report

P.A.M. Transportation Services

Executive Summary

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

Snowflake

Fundamentals

Fair value with acceptable track record.

Share Price & News

How has P.A.M. Transportation Services's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

8.3%

PTSI

3.3%

US Transportation

1.3%

US Market


1 Year Return

25.7%

PTSI

4.6%

US Transportation

5.9%

US Market

Return vs Industry: PTSI exceeded the US Transportation industry which returned 4.6% over the past year.

Return vs Market: PTSI exceeded the US Market which returned 5.9% over the past year.


Shareholder returns

PTSIIndustryMarket
7 Day8.3%3.3%1.3%
30 Day27.0%-5.1%-1.9%
90 Day15.7%-12.2%-1.8%
1 Year25.7%25.7%6.4%4.6%8.3%5.9%
3 Year242.9%242.9%73.3%65.0%45.6%36.2%
5 Year80.6%80.6%70.9%56.1%66.1%47.9%

Price Volatility Vs. Market

How volatile is P.A.M. Transportation Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

34.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: PTSI ($68) is trading below our estimate of fair value ($104.5)

Significantly Undervalued: PTSI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PTSI is good value based on its PE Ratio (12.6x) compared to the Transportation industry average (17.4x).

PE vs Market: PTSI is good value based on its PE Ratio (12.6x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low 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 (2.7x) compared to the US Transportation industry average (1.9x).


Next Steps

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?

-7.4%

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 (-7.4% per year).

Earnings vs Market: PTSI's earnings are forecast to decline over the next 3 years (-7.4% per year).

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

Revenue vs Market: PTSI's revenue (0.9% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: PTSI's revenue (0.9% 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 PTSI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

22.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PTSI's earnings have grown significantly by 22.5% per year over the past 5 years.

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

Earnings vs Industry: PTSI had negative earnings growth (-26.1%) over the past year, making it difficult to compare to the Transportation industry average (-37.9%).


Return on Equity

High ROE: Whilst PTSI's Return on Equity (22.49%) is high, this metric is skewed due to their high level of debt.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: PTSI's short term assets ($106.7M) exceeds its short term liabilities ($103.3M)

Long Term Liabilities: PTSI's short term assets (106.7M) do not cover its long term liabilities (226.2M)


Debt to Equity History and Analysis

Debt Level: PTSI's debt to equity ratio (158.4%) is considered high

Reducing Debt: PTSI's debt to equity ratio has increased from 83.1% to 158.4% over the past 5 years.

Debt Coverage: PTSI's debt is well covered by operating cash flow (46.7%).

Interest Coverage: PTSI's interest payments on its debt are well covered by EBIT (7.6x coverage).


Balance Sheet

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

Debt Coverage by Assets: PTSI's debt is not covered by short term assets (assets are 0.5x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PTSI'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 P.A.M. Transportation Services's salary, the management and board of directors tenure and is there insider trading?

6.3yrs

Average management tenure


CEO

Daniel Cushman (64yo)

10.3yrs

Tenure

US$1,680,993

Compensation

Mr. Daniel H. Cushman has been the Chief Executive Officer and President of P.A.M. Transportation Services, Inc. since July 2009. Mr. Cushman served as Vice President of Sales and Marketing for CRST Intern ...


CEO Compensation Analysis

Compensation vs. Market: Daniel's total compensation ($USD1.68M) is about average for companies of similar size in the US market ($USD1.83M).

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


Management Age and Tenure

6.3yrs

Average Tenure

Experienced Management: PTSI's management team is seasoned and experienced (6.3 years average tenure).


Board Age and Tenure

10.8yrs

Average Tenure

56yo

Average Age

Experienced Board: PTSI's board of directors are seasoned and experienced ( 10.8 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.


Ownership Breakdown


Management Team

  • Daniel Cushman (64yo)

    CEO, President & Director

    • Tenure: 10.3yrs
    • Compensation: US$1.68m
  • Allen West (51yo)

    VP of Finance

    • Tenure: 6.3yrs
    • Compensation: US$755.13k
  • Justin Orr

    Human Resource Manager

    • Tenure: 0.8yrs

Board Members

  • Daniel Cushman (64yo)

    CEO, President & Director

    • Tenure: 10.3yrs
    • Compensation: US$1.68m
  • Frederick Calderone (68yo)

    Director

    • Tenure: 21.4yrs
    • Compensation: US$40.03k
  • Matthew Moroun (46yo)

    Chairman

    • Tenure: 12.2yrs
    • Compensation: US$115.03k
  • Matty Moroun (91yo)

    Director

    • Tenure: 17.4yrs
    • Compensation: US$140.03k
  • W. Davis (56yo)

    Director

    • Tenure: 12.2yrs
    • Compensation: US$50.03k
  • Franklin McLarty (45yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: US$44.03k
  • Edwin Lukas (51yo)

    Director

    • Tenure: 1yrs
    • Compensation: US$7.50k
  • Humberto Montaño (59yo)

    Director

    • Tenure: 0.8yrs
  • Michael Bishop (51yo)

    Director

    • Tenure: 0.5yrs

Company Information

P.A.M. Transportation Services, Inc.'s company bio, 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
  • Market Cap: US$391.498m
  • Shares outstanding: 5.76m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PTSINasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDSep 1986

Biography

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 is involved in the transpo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:38
End of Day Share Price2019/10/14 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.