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AIR T INC (AIRT) Stock Fundamental Analysis

NASDAQ:AIRT - Nasdaq - US0092071010 - Common Stock - Currency: USD

19.96  +0.24 (+1.22%)

Fundamental Rating

2

AIRT gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 24 industry peers in the Air Freight & Logistics industry. While AIRT seems to be doing ok healthwise, there are quite some concerns on its profitability. AIRT is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year AIRT has reported negative net income.
AIRT had a positive operating cash flow in the past year.
In multiple years AIRT reported negative net income over the last 5 years.
The reported operating cash flow has been mixed in the past 5 years: AIRT reported negative operating cash flow in multiple years.
AIRT Yearly Net Income VS EBIT VS OCF VS FCFAIRT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M -40M -60M

1.2 Ratios

AIRT's Return On Assets of -1.27% is in line compared to the rest of the industry. AIRT outperforms 42.11% of its industry peers.
AIRT has a Return On Equity of -35.45%. This is in the lower half of the industry: AIRT underperforms 73.68% of its industry peers.
AIRT's Return On Invested Capital of 2.27% is on the low side compared to the rest of the industry. AIRT is outperformed by 63.16% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AIRT is significantly below the industry average of 11.37%.
Industry RankSector Rank
ROA -1.27%
ROE -35.45%
ROIC 2.27%
ROA(3y)-1.7%
ROA(5y)-1.04%
ROE(3y)-67.34%
ROE(5y)-44.64%
ROIC(3y)2.65%
ROIC(5y)N/A
AIRT Yearly ROA, ROE, ROICAIRT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100

1.3 Margins

AIRT has a Operating Margin (1.54%) which is in line with its industry peers.
In the last couple of years the Operating Margin of AIRT has declined.
AIRT's Gross Margin of 21.57% is in line compared to the rest of the industry. AIRT outperforms 57.89% of its industry peers.
AIRT's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 1.54%
PM (TTM) N/A
GM 21.57%
OM growth 3YN/A
OM growth 5Y-27.51%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.37%
GM growth 5Y-3.46%
AIRT Yearly Profit, Operating, Gross MarginsAIRT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15 20

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4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AIRT is destroying value.
AIRT has less shares outstanding than it did 1 year ago.
AIRT has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, AIRT has an improved debt to assets ratio.
AIRT Yearly Shares OutstandingAIRT Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1M 2M 3M
AIRT Yearly Total Debt VS Total AssetsAIRT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

2.2 Solvency

An Altman-Z score of 2.11 indicates that AIRT is not a great score, but indicates only limited risk for bankruptcy at the moment.
AIRT has a Altman-Z score of 2.11. This is comparable to the rest of the industry: AIRT outperforms 42.11% of its industry peers.
AIRT has a Debt/Equity ratio of 16.83. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 16.83, AIRT is doing worse than 84.21% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 16.83
Debt/FCF N/A
Altman-Z 2.11
ROIC/WACC0.49
WACC4.63%
AIRT Yearly LT Debt VS Equity VS FCFAIRT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M

2.3 Liquidity

AIRT has a Current Ratio of 2.27. This indicates that AIRT is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of AIRT (2.27) is better than 84.21% of its industry peers.
AIRT has a Quick Ratio of 1.14. This is a normal value and indicates that AIRT is financially healthy and should not expect problems in meeting its short term obligations.
AIRT's Quick ratio of 1.14 is in line compared to the rest of the industry. AIRT outperforms 42.11% of its industry peers.
Industry RankSector Rank
Current Ratio 2.27
Quick Ratio 1.14
AIRT Yearly Current Assets VS Current LiabilitesAIRT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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1

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 79.13% over the past year.
The Revenue has decreased by -0.73% in the past year.
AIRT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.89% yearly.
EPS 1Y (TTM)79.13%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%260.18%
Revenue 1Y (TTM)-0.73%
Revenue growth 3Y17.88%
Revenue growth 5Y5.89%
Sales Q2Q%2.88%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
AIRT Yearly Revenue VS EstimatesAIRT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
AIRT Yearly EPS VS EstimatesAIRT Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

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0

4. Valuation

4.1 Price/Earnings Ratio

AIRT reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
AIRT Price Earnings VS Forward Price EarningsAIRT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, AIRT is valued a bit more expensive than the industry average as 63.16% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 23.74
AIRT Per share dataAIRT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80 100

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

AIRT does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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AIR T INC

NASDAQ:AIRT (2/21/2025, 8:00:40 PM)

19.96

+0.24 (+1.22%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)02-17 2025-02-17
Earnings (Next)06-24 2025-06-24
Inst Owners24.02%
Inst Owner Change-100%
Ins Owners51.85%
Ins Owner Change0%
Market Cap55.09M
Analysts0
Price TargetN/A
Short Float %2.31%
Short Ratio2.59
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.2
Dividend Growth(5Y)0%
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.19
P/FCF N/A
P/OCF 12.75
P/B 7.83
P/tB N/A
EV/EBITDA 23.74
EPS(TTM)-0.87
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-4.12
FCFYN/A
OCF(TTM)1.57
OCFY7.85%
SpS102.93
BVpS2.55
TBVpS-5.21
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.27%
ROE -35.45%
ROCE 2.88%
ROIC 2.27%
ROICexc 2.41%
ROICexgc 2.83%
OM 1.54%
PM (TTM) N/A
GM 21.57%
FCFM N/A
ROA(3y)-1.7%
ROA(5y)-1.04%
ROE(3y)-67.34%
ROE(5y)-44.64%
ROIC(3y)2.65%
ROIC(5y)N/A
ROICexc(3y)2.76%
ROICexc(5y)N/A
ROICexgc(3y)3.29%
ROICexgc(5y)N/A
ROCE(3y)3.35%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-35.42%
ROICexc growth 3YN/A
ROICexc growth 5Y-36.41%
OM growth 3YN/A
OM growth 5Y-27.51%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.37%
GM growth 5Y-3.46%
F-Score5
Asset Turnover1.44
Health
Industry RankSector Rank
Debt/Equity 16.83
Debt/FCF N/A
Debt/EBITDA 15.8
Cap/Depr 503.53%
Cap/Sales 5.52%
Interest Coverage 250
Cash Conversion 57.69%
Profit Quality N/A
Current Ratio 2.27
Quick Ratio 1.14
Altman-Z 2.11
F-Score5
WACC4.63%
ROIC/WACC0.49
Cap/Depr(3y)290.55%
Cap/Depr(5y)348.5%
Cap/Sales(3y)3.1%
Cap/Sales(5y)5.82%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)79.13%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%260.18%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-0.73%
Revenue growth 3Y17.88%
Revenue growth 5Y5.89%
Sales Q2Q%2.88%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y87.77%
EBIT growth 3YN/A
EBIT growth 5Y-23.25%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y70.99%
FCF growth 3YN/A
FCF growth 5Y102.75%
OCF growth 1Y117.8%
OCF growth 3YN/A
OCF growth 5Y-3.88%