Atlas Corp. operates as an asset manager and operator.
6 star dividend payer and undervalued.
Share Price & News
How has Atlas's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ATCO's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: ATCO exceeded the US Shipping industry which returned -30.6% over the past year.
Return vs Market: ATCO underperformed the US Market which returned 9.1% over the past year.
Price Volatility Vs. Market
How volatile is Atlas's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StIs Atlas Corp. (NYSE:ATCO) Better Than Average At Deploying Capital?
2 weeks ago | Simply Wall StWhat Is Atlas Corp.'s (NYSE:ATCO) Share Price Doing?
4 weeks ago | Simply Wall StDoes Atlas (NYSE:ATCO) Have A Healthy Balance Sheet?
Is Atlas undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ATCO ($7.09) is trading below our estimate of fair value ($25.89)
Significantly Below Fair Value: ATCO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ATCO is good value based on its PE Ratio (11.4x) compared to the Shipping industry average (11.9x).
PE vs Market: ATCO is good value based on its PE Ratio (11.4x) compared to the US market (15.9x).
Price to Earnings Growth Ratio
PEG Ratio: ATCO is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: ATCO is overvalued based on its PB Ratio (0.5x) compared to the US Shipping industry average (0.3x).
How is Atlas forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ATCO's forecast earnings growth (60.6% per year) is above the savings rate (2.2%).
Earnings vs Market: ATCO's earnings (60.6% per year) are forecast to grow faster than the US market (21.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ATCO's revenue (3.2% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: ATCO's revenue (3.2% 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 ATCO's Return on Equity is forecast to be high in 3 years time
How has Atlas performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ATCO has high quality earnings.
Growing Profit Margin: ATCO's current net profit margins (11.8%) are lower than last year (36.7%).
Past Earnings Growth Analysis
Earnings Trend: ATCO's earnings have grown significantly by 33.9% per year over the past 5 years.
Accelerating Growth: ATCO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ATCO had negative earnings growth (-67.9%) over the past year, making it difficult to compare to the Shipping industry average (-67.9%).
Return on Equity
High ROE: ATCO's Return on Equity (5.7%) is considered low.
How is Atlas's financial position?
Financial Position Analysis
Short Term Liabilities: ATCO's short term assets ($498.2M) do not cover its short term liabilities ($794.3M).
Long Term Liabilities: ATCO's short term assets ($498.2M) do not cover its long term liabilities ($4.7B).
Debt to Equity History and Analysis
Debt Level: ATCO's debt to equity ratio (102.1%) is considered high.
Reducing Debt: ATCO's debt to equity ratio has reduced from 193% to 102.1% over the past 5 years.
Debt Coverage: ATCO's debt is well covered by operating cash flow (21.4%).
Interest Coverage: ATCO's interest payments on its debt are not well covered by EBIT (2.4x coverage).
What is Atlas's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ATCO's dividend (7.05%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: ATCO's dividend (7.05%) is in the top 25% of dividend payers in the US market (4.48%)
Stability and Growth of Payments
Stable Dividend: ATCO's dividends per share have been stable in the past 10 years.
Growing Dividend: ATCO's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (80.5%), ATCO's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ATCO's dividends in 3 years are forecast to be well covered by earnings (46.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bing Chen (52yo)
Mr. Bing Chen, C.P.A, has been President, Chief Executive Officer and Director of Atlas Corp. (also known as Seaspan Corporation) since January 8, 2018 and has been its Chairman since February 2020. Mr. C ...
|Chairman||2.42yrs||no data||no data|
|Executive VP and Chief Commercial & Technical Officer||2.92yrs||no data||no data|
|Chief Financial Officer||2.08yrs||no data||no data|
|Director of Corporate Finance||no data||no data||no data|
|Senior Director of Investor Relations||no data||no data||no data|
|General Counsel||0.33yr||no data||no data|
|Chief Human Resources Officer||1.92yrs||no data||no data|
|Executive Vice President of Ship Management||1.67yrs||no data||no data|
|Vice President of Finance||no data||no data||no data|
|Director of Human Resources||no data||no data||no data|
Experienced Management: ATCO's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
|Chairman||2.42yrs||no data||no data|
|Independent Director||3.17yrs||no data||1.42% $24.8m|
|Independent Director||3.17yrs||no data||no data|
|Independent Director||2.17yrs||no data||no data|
|Independent Director||10.17yrs||no data||no data|
|Independent Director||12.17yrs||no data||no data|
|Independent Director||0.33yr||no data||no data|
|Independent Director||2.17yrs||no data||no data|
Experienced Board: ATCO's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.5%.
Atlas Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Atlas Corp.
- Ticker: ATCO
- Exchange: NYSE
- Founded: 2019
- Industry: Marine
- Sector: Transportation
- Market Cap: US$1.746b
- Shares outstanding: 246.24m
- Website: https://www.atlascorporation.com
Number of Employees
- Atlas Corp.
- 2600-200 Granville Street
- British Columbia
- V6C 1S4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ATCO||NYSE (New York Stock Exchange)||Yes||Class A Common Shares||US||USD||Aug 2005|
|A2P052||DB (Deutsche Boerse AG)||Yes||Class A Common Shares||DE||EUR||Aug 2005|
|0EAL||LSE (London Stock Exchange)||Yes||Class A Common Shares||GB||USD||Aug 2005|
|ATCO.PRD||NYSE (New York Stock Exchange)||7.95% CUM PFD D||US||USD||Dec 2012|
|ATCO.PRE||NYSE (New York Stock Exchange)||8.25% CUM PFD E||US||USD||Feb 2014|
|ATCO.PRG||NYSE (New York Stock Exchange)||8.20% CUM PFD G||US||USD||Jun 2016|
|ATCO.PRH||NYSE (New York Stock Exchange)||7.875% CUM PFD H||US||USD||Aug 2016|
|ATCO.PRI||NYSE (New York Stock Exchange)||FIX FLT CM PFD I||US||USD||Sep 2018|
Atlas Corp. operates as an asset manager and operator. The company, through its subsidiaries, operates as an independent charter owner and manager of containerships. The company charters its containerships under long-term and fixed-rate time charters to various container liner companies. As of March 10, 2020, it operated a fleet of 118 containerships. It also provides fast-track mobile turbine power to various industries. In addition, the company plans, finances, constructs, and commissions permanent power plants. Further, it provides customized turnkey solutions comprising plant design, fast-track installation, balance of plant, and decommissioning. Atlas Corp. was incorporated in 2019 and is based in Vancouver, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/01 03:56|
|End of Day Share Price||2020/05/29 00:00|
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.