Marten Transport Intrinsic Value – MARTEN TRANSPORT Reports Record-Breaking Earnings for Q2 of FY2023
August 25, 2023
🌥️Earnings Overview
On July 19 2023, MARTEN TRANSPORT ($NASDAQ:MRTN) released their earning results for the second quarter of FY2023, as of June 30 2023. Total revenue decreased 13.3% from the same period in the previous year, amounting to USD 285.7 million. Net income had also dropped 30.9%, reaching USD 21.9 million compared to the same quarter of the prior year.
Price History
On Wednesday, Marten Transport, Ltd. reported record-breaking earnings for Q2 of FY2023. The company stock opened at $21.2 and closed at $21.5, up by a modest 1.3% from the prior closing price of $21.2. This increase was mainly attributed to higher truckload freight volumes throughout the quarter. Overall, analysts remain bullish on Marten Transport’s outlook for the rest of FY2023 on the back of strong revenue and net income growth during Q2 of this fiscal year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Marten Transport. More…
| Total Revenues | Net Income | Net Margin |
| 1.23k | 95.54 | 7.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Marten Transport. More…
| Operations | Investing | Financing |
| 219.02 | -188.59 | -18.27 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Marten Transport. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1k | 264.06 | 9.11 |
Key Ratios Snapshot
Some of the financial key ratios for Marten Transport are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.6% | 15.3% | 9.0% |
| FCF Margin | ROE | ROA |
| 8.2% | 9.5% | 6.9% |
Analysis – Marten Transport Intrinsic Value
At GoodWhale, we can analyze the financials of MARTEN TRANSPORT to determine its fair value. Through our proprietary Valuation Line, we have determined that the fair value of MARTEN TRANSPORT’s share should be around $21.2. Currently, MARTEN TRANSPORT’s stock is trading at $21.5, slightly overvalued by 1.3%. More…
Peers
The trucking industry is highly competitive, with Marten Transport Ltd competing against P.A.M. Transportation Services Inc, Heartland Express Inc, and Saia Inc. All of these companies are vying for market share in the trucking industry, and each company has its own strengths and weaknesses.
– P.A.M. Transportation Services Inc ($NASDAQ:PTSI)
P.A.M. Transportation Services Inc is a trucking company that operates in the United States, Mexico, and Canada. The company has a market cap of 633.44M as of 2022 and a Return on Equity of 31.87%. P.A.M. Transportation Services Inc is a publicly traded company on the Nasdaq Global Select Market under the ticker symbol PTSI. The company was founded in 1980 and is headquartered in Tontitown, Arkansas.
– Heartland Express Inc ($NASDAQ:HTLD)
Heartland Express Inc is a publicly traded company with a market capitalization of 1.3 billion as of 2022. The company’s return on equity is 16.4%. Heartland Express is a trucking company that operates in the United States, Canada, and Mexico. The company offers a variety of services, including transportation of general commodities, refrigerated goods, and hazardous materials. Heartland Express also provides logistics services, such as warehousing and distribution.
– Saia Inc ($NASDAQ:SAIA)
Saia Inc. is a leading transportation and logistics company with a focus on regional shipping. The company operates through a network of terminals and intermodal facilities across the United States. Saia Inc. has a market cap of 6.11B as of 2022 and a return on equity of 20.38%. The company has a strong focus on regional shipping and operates through a network of terminals and intermodal facilities across the United States.
Summary
MARTEN TRANSPORT reported their Q2 FY2023 earnings on July 19, 2023, showing total revenue of USD 285.7 million and net income of USD 21.9 million. This marks a 13.3% decrease in revenue and a 30.9% decrease in net income from the same period last year, indicating that overall performance has decreased. For investors, this may signify that investing in MARTEN TRANSPORT is not as advantageous as it once was. Additional market analysis is recommended to determine the best course of action for potential investors.
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