Marten Transport Stock Intrinsic Value – Comerica Bank Makes Significant $11.12 Million Investment in Marten Transport, Ltd.
December 30, 2023
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Marten Transport ($NASDAQ:MRTN), Ltd. has recently been the recipient of a substantial $11.12 million investment from Comerica Bank. This significant investment further solidifies the company’s longstanding position as a leader in the transportation services industry. Marten Transport, Ltd. is a premier temperature-controlled truckload carrier providing transportation services throughout the United States, Canada, and Mexico. Marten is also a publicly traded company with shares trading on NASDAQ under the symbol “MRTN”.
With the $11.12 million investment from Comerica Bank, Marten Transport, Ltd. continues to live up to its mission of providing exemplary service while staying at the forefront of the transportation industry. The new funds will be used to increase efficiency and enhance customer service through the development of innovative online tools and technologies. By leveraging this investment, Marten will be able to better serve their existing client base and continue to expand into new markets.
Price History
This move had a positive impact on the company’s stock, as it opened at $20.8 and closed at $21.0, representing an increase of 1.9% from the prior closing price of $20.6. The investment is a sign of confidence in the Wisconsin-based truckload carrier, which provides transportation services throughout the United States and Canada. It is expected to help Marten Transport further expand its business operations and strengthen its competitive position in the market. 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 |
| 1.19k | 83.49 | 6.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Marten Transport. More…
| Operations | Investing | Financing |
| 182.6 | -167.01 | -19.01 |
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 |
| 997.2 | 247.85 | 9.22 |
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 |
| 11.1% | 7.0% | 7.8% |
| FCF Margin | ROE | ROA |
| 10.7% | 7.8% | 5.8% |
Analysis – Marten Transport Stock Intrinsic Value
At GoodWhale, we analyzed the financials of MARTEN TRANSPORT and came to a fair value of $20.1 for their share, calculated using our proprietary Valuation Line. Currently, MARTEN TRANSPORT stock is trading at $21.0, which is overvalued by 4.3% when compared to our calculated fair value. Our goal is to bring maximum transparency and value to our clients by connecting fundamental analysis and market intelligence to help them make informed investment decisions. More…
Peers
The trucking industry is highly competitive, with Marten Transport Ltd competing against P.A.M. Transportation Services Inc, Heartland Express Inc, and Saia Inc. All of these companies are vying for market share in the trucking industry, and each company has its own strengths and weaknesses.
– P.A.M. Transportation Services Inc ($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
Comerica Bank has recently made an investment of $11.12 million in the company Marten Transport, Ltd. This is a positive sign for the company’s future prospects, as Comerica Bank is known for its sound investments. The investment is likely to further strengthen the company’s financial position, providing additional resources for growth and development.
The investment may also help Marten Transport, Ltd. to expand into new markets and increase its market share. With a strong financial base and increased resources, Marten Transport, Ltd. should be well positioned to capitalize on new opportunities and maximize its returns in the future.
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