Financials Air Transport Services Group, Inc.

Equities

ATSG

US00922R1059

Air Freight & Logistics

Market Closed - Nasdaq 04:00:00 2024-06-10 pm EDT 5-day change 1st Jan Change
13.19 USD +6.46% Intraday chart for Air Transport Services Group, Inc. -4.63% -25.10%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,382 1,851 2,165 1,878 1,142 861.1 - -
Enterprise Value (EV) 1 2,820 3,291 3,395 3,316 2,850 2,555 2,479 2,364
P/E ratio 30.1 x 74.6 x 10.5 x 11.5 x 21.5 x 18.1 x 12.7 x 9.91 x
Yield - - - - - - - -
Capitalization / Revenue 0.95 x 1.18 x 1.25 x 0.92 x 0.55 x 0.42 x 0.41 x 0.39 x
EV / Revenue 1.94 x 2.1 x 1.96 x 1.62 x 1.38 x 1.24 x 1.17 x 1.06 x
EV / EBITDA 6.24 x 6.62 x 6.27 x 5.17 x 5.08 x 4.94 x 4.53 x 3.98 x
EV / FCF -49.9 x 1,746 x 43.1 x -26 x -20.5 x 316 x 41.4 x -
FCF Yield -2.01% 0.06% 2.32% -3.84% -4.89% 0.32% 2.41% -
Price to Book 3.02 x 2.18 x 1.65 x 1.33 x 0.97 x 0.58 x 0.56 x 0.55 x
Nbr of stocks (in thousands) 58,917 59,072 73,681 72,288 64,832 65,283 - -
Reference price 2 23.46 31.34 29.38 25.98 17.61 12.39 12.39 12.39
Announcement Date 3/2/20 2/25/21 2/24/22 2/23/23 2/26/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,452 1,571 1,734 2,045 2,071 2,054 2,114 2,233
EBITDA 1 452.1 497 541.1 640.8 561.6 517 546.8 593.4
EBIT 1 177 206.4 232.7 309.7 218.6 147.3 164.6 176.4
Operating Margin 12.19% 13.14% 13.41% 15.14% 10.56% 7.17% 7.79% 7.9%
Earnings before Tax (EBT) 1 71.57 41.39 301.2 260.5 84.24 64.42 86.86 100.2
Net income 1 61.2 32.12 231.4 198.6 60.33 45.85 63.96 72.65
Net margin 4.21% 2.04% 13.34% 9.71% 2.91% 2.23% 3.03% 3.25%
EPS 2 0.7800 0.4200 2.800 2.260 0.8200 0.6840 0.9740 1.250
Free Cash Flow 1 -56.56 1.885 78.81 -127.3 -139.4 8.088 59.88 -
FCF margin -3.9% 0.12% 4.54% -6.22% -6.73% 0.39% 2.83% -
FCF Conversion (EBITDA) - 0.38% 14.56% - - 1.56% 10.95% -
FCF Conversion (Net income) - 5.87% 34.05% - - 17.64% 93.62% -
Dividend per Share - - - - - - - -
Announcement Date 3/2/20 2/25/21 2/24/22 2/23/23 2/26/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 482.4 485.9 509.7 516.9 533 501.1 529.3 523.1 517 485.5 513.7 529 521.8 507.8 542.6
EBITDA 1 154.8 157.7 157.7 162.7 162.7 138 157.1 136.6 129.9 127.3 126.2 131.4 132.3 133.8 137.8
EBIT 1 70.75 69.79 76.34 79.44 78.35 47.42 69.74 50.32 40.58 33 34.7 38.76 40 35.35 38.3
Operating Margin 14.67% 14.37% 14.98% 15.37% 14.7% 9.46% 13.18% 9.62% 7.85% 6.8% 6.76% 7.33% 7.66% 6.96% 7.06%
Earnings before Tax (EBT) 1 60.64 65.08 69.25 64.92 61.24 26.57 49.74 23.52 -15.59 12.45 13.75 17.82 19.06 15.5 18.65
Net income 1 44.52 49.8 55.09 51.04 42.65 20.14 38.02 17.17 -15.01 8.619 10.09 13.01 14.09 11.2 13.45
Net margin 9.23% 10.25% 10.81% 9.87% 8% 4.02% 7.18% 3.28% -2.9% 1.78% 1.96% 2.46% 2.7% 2.21% 2.48%
EPS 2 0.5700 0.5700 0.6100 0.5700 0.5000 0.2500 0.4900 0.2400 -0.2400 0.1300 0.1480 0.1940 0.2120 0.1700 0.2150
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 2/24/22 5/5/22 8/4/22 11/3/22 2/23/23 5/4/23 8/3/23 11/6/23 2/26/24 5/6/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,438 1,439 1,230 1,438 1,709 1,694 1,618 1,503
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.181 x 2.896 x 2.273 x 2.244 x 3.043 x 3.277 x 2.96 x 2.533 x
Free Cash Flow 1 -56.6 1.89 78.8 -127 -139 8.09 59.9 -
ROE (net income / shareholders' equity) 23.4% 18.6% 12% 14.5% 7.94% 3.2% 3.7% -
ROA (Net income/ Total Assets) 3.97% 4.21% - - 2.96% 1.1% 1.4% -
Assets 1 1,542 762.2 - - 2,041 4,169 4,568 -
Book Value Per Share 2 7.760 14.40 17.80 19.50 18.10 21.30 22.30 22.40
Cash Flow per Share 2 5.720 8.550 7.660 5.350 8.660 6.340 6.860 7.290
Capex 1 454 510 505 599 793 411 375 -
Capex / Sales 31.23% 32.5% 29.1% 29.31% 38.32% 20% 17.74% -
Announcement Date 3/2/20 2/25/21 2/24/22 2/23/23 2/26/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
12.39 USD
Average target price
19.67 USD
Spread / Average Target
+58.73%
Consensus
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  4. Financials Air Transport Services Group, Inc.