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AIR T INC (AIRT) Stock Fundamental Analysis

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

16.46  +0.55 (+3.46%)

Fundamental Rating

2

Taking everything into account, AIRT scores 2 out of 10 in our fundamental rating. AIRT was compared to 22 industry peers in the Air Freight & Logistics industry. AIRT scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. AIRT is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

AIRT had negative earnings in the past year.
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

The Return On Assets of AIRT (-0.43%) is comparable to the rest of the industry.
AIRT has a Return On Equity of -15.88%. This is in the lower half of the industry: AIRT underperforms 63.64% of its industry peers.
AIRT has a Return On Invested Capital of 4.21%. This is comparable to the rest of the industry: AIRT outperforms 50.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AIRT is significantly below the industry average of 13.10%.
The last Return On Invested Capital (4.21%) for AIRT is above the 3 year average (2.65%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -0.43%
ROE -15.88%
ROIC 4.21%
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's Operating Margin of 2.51% is in line compared to the rest of the industry. AIRT outperforms 54.55% of its industry peers.
AIRT's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 22.01%, AIRT is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
In the last couple of years the Gross Margin of AIRT has declined.
Industry RankSector Rank
OM 2.51%
PM (TTM) N/A
GM 22.01%
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

AIRT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, AIRT has less shares outstanding
The number of shares outstanding for AIRT has been reduced compared to 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 2.21 indicates that AIRT is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.21, AIRT is in line with its industry, outperforming 45.45% of the companies in the same industry.
A Debt/Equity ratio of 21.31 is on the high side and indicates that AIRT has dependencies on debt financing.
AIRT has a worse Debt to Equity ratio (21.31) than 72.73% of its industry peers.
Industry RankSector Rank
Debt/Equity 21.31
Debt/FCF N/A
Altman-Z 2.21
ROIC/WACC0.97
WACC4.32%
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

A Current Ratio of 1.90 indicates that AIRT should not have too much problems paying its short term obligations.
AIRT's Current ratio of 1.90 is amongst the best of the industry. AIRT outperforms 81.82% of its industry peers.
A Quick Ratio of 1.09 indicates that AIRT should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.09, AIRT is not doing good in the industry: 63.64% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.9
Quick Ratio 1.09
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 94.31% over the past year.
Looking at the last year, AIRT shows a small growth in Revenue. The Revenue has grown by 3.35% in the last 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)94.31%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%55.42%
Revenue 1Y (TTM)3.35%
Revenue growth 3Y17.88%
Revenue growth 5Y5.89%
Sales Q2Q%22.15%

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

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0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for AIRT. In the last year negative earnings were reported.
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

AIRT's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.58
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

No dividends for AIRT!.
Industry RankSector Rank
Dividend Yield N/A

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AIR T INC

NASDAQ:AIRT (4/25/2025, 8:00:00 PM)

16.46

+0.55 (+3.46%)

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 Change0%
Ins Owners51.85%
Ins Owner Change0%
Market Cap44.94M
Analysts0
Price TargetN/A
Short Float %2.4%
Short Ratio6.19
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
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 0.15
P/FCF N/A
P/OCF 3.35
P/B 8.79
P/tB N/A
EV/EBITDA 13.58
EPS(TTM)-0.29
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.92
FCFYN/A
OCF(TTM)4.91
OCFY29.84%
SpS109.24
BVpS1.87
TBVpS-5.59
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.43%
ROE -15.88%
ROCE 5.33%
ROIC 4.21%
ROICexc 4.85%
ROICexgc 5.82%
OM 2.51%
PM (TTM) N/A
GM 22.01%
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-Score4
Asset Turnover1.59
Health
Industry RankSector Rank
Debt/Equity 21.31
Debt/FCF N/A
Debt/EBITDA 9.71
Cap/Depr 424.97%
Cap/Sales 5.34%
Interest Coverage 250
Cash Conversion 119.46%
Profit Quality N/A
Current Ratio 1.9
Quick Ratio 1.09
Altman-Z 2.21
F-Score4
WACC4.32%
ROIC/WACC0.97
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)94.31%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%55.42%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.35%
Revenue growth 3Y17.88%
Revenue growth 5Y5.89%
Sales Q2Q%22.15%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y2743.35%
EBIT growth 3YN/A
EBIT growth 5Y-23.25%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y86.47%
FCF growth 3YN/A
FCF growth 5Y102.75%
OCF growth 1Y177.92%
OCF growth 3YN/A
OCF growth 5Y-3.88%