ATSG Intrinsic Value – Air Transport Services Group, Projected to Reach $0.44 Earnings Per Share in Q4 2024
December 20, 2023
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Air Transport Services ($NASDAQ:ATSG) Group, Inc. (ATSG) is a publicly traded company that provides air transportation and related services to air carriers and other companies that outsource their air cargo lift requirements. The company is traded on the NASDAQ exchange under the ticker symbol ATSG. According to recent projections, ATSG is expected to make earnings of $0.44 per share in Q4 2024.
Additionally, ATSG provides services such as aircraft leasing, cargo and mail handling, and ground handling services. ATSG is also involved in the operation of charter flights for the US Department of Defense through its subsidiaries, Cargo Aircraft Management, Inc. and ABX Air, Inc. Since its inception, ATSG has worked diligently to provide quality services to their customers. Their comprehensive capabilities, combined with their commitment to safety and reliability, have enabled them to remain competitive in the market.
Earnings
Air Transport Services Group, Inc., as of September 30 2021, has earned 465.96M USD in total revenue and 64.67M USD in net income in its earning report of FY2023 Q3. Compared to previous year, there has been a 9.9% decrease in total revenue and a 26.7% increase in net income. In the last 3 years, AIR TRANSPORT SERVICES’s total revenue has grown from 465.96M USD to 523.14M USD.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for ATSG. More…
| Total Revenues | Net Income | Net Margin |
| 2.09k | 115.84 | 5.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for ATSG. More…
| Operations | Investing | Financing |
| 600.14 | -711.65 | 107.61 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for ATSG. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.85k | 2.5k | 20.64 |
Key Ratios Snapshot
Some of the financial key ratios for ATSG are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.8% | -0.4% | 10.9% |
| FCF Margin | ROE | ROA |
| -6.3% | 10.1% | 3.7% |
Share Price
On Friday, ATSG stock opened at $16.8 and closed at $16.9, up by 1.7% from prior closing price of 16.6. This is a positive sign for investors as the stock is continuing its positive trend despite the current economic uncertainties. Analysts have predicted that the company’s EPS will rise, thanks to an expected increase in demand for air transport services. This is due to the fact that air transport services are still in high demand, as people are travelling more for business and leisure purposes.
Additionally, with the increasing use of e-commerce platforms, ATSG stands to benefit from an increased demand for their services from companies looking to transport goods quickly and reliably. If ATSG succeeds in meeting the projected EPS in Q4 2024, investors can expect to benefit from an increase in share prices. This would be a huge boost for the company as well as for its shareholders, and it could also lead to wider recognition for the company in the market. Live Quote…
Analysis – ATSG Intrinsic Value
At GoodWhale, we conducted a thorough analysis of the fundamentals of AIR TRANSPORT SERVICES. By using our proprietary Valuation Line, we estimated the intrinsic value of AIR TRANSPORT SERVICES shares to be around $30.9. Currently, AIR TRANSPORT SERVICES stock is traded at $16.9, which is 45.4% lower than its intrinsic value. This suggests that the current market price of AIR TRANSPORT SERVICES is undervalued and may be a good investment opportunity. More…
Peers
In the airline industry, Air Transport Services Group Inc faces intense competition from Turk Hava Yollari AO, El AL Israel Airlines Ltd, and Grupo Aeromexico SAB de CV. All four companies are striving to provide the best possible service to their customers and to stay ahead of the competition. Air Transport Services Group Inc has an edge over its competitors because of its strong financial position and its ability to offer a variety of services.
– Turk Hava Yollari AO ($OTCPK:TKHVY)
As of 2022, Turkish Airlines has a market cap of 7.72B and a ROE of 18.07%. The company is the national flag carrier airline of Turkey and operates scheduled services to 302 destinations in 118 countries.
– El AL Israel Airlines Ltd ($OTCPK:ELALF)
El AL Israel Airlines Ltd is an airline company with a market cap of 191.76M as of 2022 and a Return on Equity of 24.45%. It was founded in 1948 and is headquartered in Tel Aviv, Israel. The company operates scheduled flights to destinations in Africa, Asia, Europe, North America, and Oceania. El Al Israel Airlines is the country’s flag carrier and serves as a major transport hub for passengers and cargo in the Middle East.
– Grupo Aeromexico SAB de CV ($OTCPK:GRPAF)
Grupo Aeromexico SAB de CV is a Mexican airline company that was founded in 1934. It is the second largest airline in Mexico, after Volaris. As of 2022, Grupo Aeromexico’s market cap is 1.22 billion dollars and its ROE is 67.02%. The company has a fleet of 119 aircraft and flies to over 90 destinations.
Summary
Air Transport Services Group, Inc. (ATSG) is a strong investment option for those looking to capitalize on the potential of the air transport industry. The company has a solid track record of consistent growth in its earnings and revenue over time, and its Q4 2024 forecasted earnings of $0.44 per share are a great sign for investors. ATSG’s business model and financials are sound, and its diverse portfolio of businesses provides a steady stream of income. The company’s stock price has seen a steady increase over the past year, making it an attractive option for long-term investors.
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