Atlas Air Worldwide Holdings Inc Stock Research

AAWW Stock Price

AAWW RSI Chart

AAWW Valuation

Market Cap

2.9B

Price/Earnings (Trailing)

8.22

Price/Sales (Trailing)

0.64

EV/EBITDA

4.48

Price/Free Cashflow

3.98

AAWW Price/Sales (Trailing)

AAWW Profitability

EBT Margin

10.15%

Return on Equity

11.61%

Return on Assets

5.31%

Free Cashflow Yield

25.12%

AAWW Fundamentals

AAWW Revenue

Revenue (TTM)

4.5B

Revenue Y/Y

3.82%

Revenue Q/Q

7.37%

AAWW Earnings

Earnings (TTM)

355.9M

Earnings Y/Y

-28.7%

Earnings Q/Q

109.67%

Price Action

Last 7 days

2.2%

Last 30 days

0.2%

Last 90 days

2.4%

Trailing 12 Months

22.0%

AAWW Financial Health

Current Ratio

0.96

Debt/Equity

0.61

Debt/Cashflow

0.45

AAWW Investor Care

Buy Backs (1Y)

2.31%

Diluted EPS (TTM)

10.53

Peers (Alternatives to Atlas Air Worldwide Holdings)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
FDX	56.6B	94.1B	7.28%	-2.85%	16.99	0.6	5.07%	-32.20%
DAL	24.5B	50.6B	-14.64%	-15.22%	298.7	0.53	69.18%	370.71%
LUV	17.6B	23.8B	-11.82%	-32.54%	18.38	0.74	50.82%	-2.15%
EXPD	16.1B	17.1B	-0.67%	1.21%	11.88	0.94	3.32%	-4.10%
CHRW	11.1B	24.7B	-4.41%	-9.78%	11.81	0.45	6.90%	11.40%
MID-CAP
XPO	3.5B	7.7B	-12.21%	-60.08%	5.25	0.45	7.16%	95.31%
AAWW	2.9B	4.5B	0.24%	22.01%	8.22	0.64	12.86%	-27.86%
FWRD	2.7B	2.0B	-0.88%	2.90%	14.04	1.37	18.71%	82.50%
JBLU	2.2B	9.2B	-18.29%	-53.60%	-6.05	0.24	51.67%	-98.90%
SMALL-CAP
SAVE	1.8B	5.1B	-11.87%	-22.57%	-3.3	0.36	56.88%	-17.26%
ATSG	1.5B	2.0B	-18.32%	-41.26%	7.31	0.71	17.94%	-14.19%
RLGT	299.2M	727.6M	-3.94%	-18.64%	7.3	0.22	-19.14%	92.40%
AIRT	63.4M	224.4M	-7.28%	-3.27%	-25.19	0.28	30.18%	-139.59%
HUBG	2.7M	5.3B	-12.91%	0.61%	0.01	5e-4	26.18%	108.16%

Financials for Atlas Air Worldwide Holdings

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	2.2%	4,549	4,449	4,341	4,232	4,031
EBITDA	-7.7%	897	973	1,061	1,092	-
EBITDA Margin	-9.8%	0.20*	0.22*	0.24*	0.26*	-
Earnings Before Taxes	-13.3%	462	532	610	635	647
EBT Margin	-15.2%	0.10*	0.12*	0.14*	0.15*	-
Interest Expenses	-4.6%	82.00	86.00	94.00	101	107
Net Income	-12.5%	356	407	466	485	493
Net Income Margin	-14.4%	0.08*	0.09*	0.11*	0.12*	-
Free Cahsflow	-6.3%	735	784	905	949	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	7.3%	6,696	6,243	6,299	6,333	6,443
Current Assets	35.2%	1,125	832	993	1,132	1,326
Cash Equivalents	64.0%	763	465	607	730	911
Net PPE	3.8%	5,118	4,930	4,810	4,689	4,584
Goodwill	-	40.00	-	-	-	-
Current Liabilities	1.2%	1,171	1,157	1,149	1,401	1,420
Long Term Debt	17.9%	1,861	1,579	1,720	1,615	1,655
Shareholder's Equity	4.5%	3,065	2,933	2,865	2,761	2,809
Retained Earnings	5.3%	2,525	2,399	2,339	2,251	2,100
Additional Paid-In Capital	0.9%	879	871	863	828	935
Accumulated Depreciation	3.0%	1,510	1,467	1,415	1,361	1,320
Shares Outstanding	0.6%	29.00	28.00	28.00	28.00	29.00

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-5.8%	838	890	1,006	1,043	923
Share Based Compensation	8.1%	14.00	13.00	12.00	12.00	14.00
Cashflow From Investing	-24.4%	-820	-659	-601	-511	-493
Cashflow From Financing	69.4%	-164	-538	-548	-504	-364
Buy Backs	0%	100	100	100	80.00	0.00

Risks for AAWW

What is the probability of a big loss on AAWW?

90.4%

Probability that Atlas Air Worldwide Holdings stock will be more than 20% underwater in next one year

64.6%

Probability that Atlas Air Worldwide Holdings stock will be more than 30% underwater in next one year.

44.2%

Probability that Atlas Air Worldwide Holdings stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AAWW drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Atlas Air Worldwide Holdings was unfortunately bought at previous high price.

Drawdowns

Returns for AAWW

Cumulative Returns on AAWW

8.7%

10-Year Cumulative Returns

13.7%

7-Year Cumulative Returns

9.8%

5-Year Cumulative Returns

76.3%

3-Year Cumulative Returns

What are the long-term rolling returns for AAWW?

FIve years rolling returns for Atlas Air Worldwide Holdings.

Annualized Returns

Which funds bought or sold AAWW recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-13	Crystalline Management Inc.	new	-	5,091,000	5,091,000	2.56%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-61.4	-862,699	592,301	-%
2023-03-06	Rockefeller Capital Management L.P.	unchanged	-	-	2,000	-%
2023-02-28	Voya Investment Management LLC	reduced	-38.78	-575,773	1,049,230	-%
2023-02-27	REBALANCE, LLC	new	-	120,960	120,960	0.01%
2023-02-24	NATIXIS	sold off	-100	-4,667,000	-	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	42,000	798,000	0.01%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	sold off	-100	-2,000	-	-%
2023-02-21	Empirical Finance, LLC	added	0.91	40,123	658,123	0.07%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	unchanged	-	1,688	23,688	-%

Latest Funds Activity

Are funds buying AAWW calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own AAWW

No. of Funds

Atlas Air Worldwide Holdings News

Schedule 13G FIlings of Atlas Air Worldwide Holdings

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 10, 2023	dimensional fund advisors lp	7.1%	2,011,121	SC 13G/A
Feb 09, 2023	vanguard group inc	10.88%	3,084,767	SC 13G/A
Feb 07, 2023	hill city capital, lp	2.03%	575,662	SC 13G
Jan 26, 2023	blackrock inc.	14.9%	4,234,721	SC 13G/A
Jan 20, 2023	blackrock inc.	14.9%	4,234,721	SC 13G/A
Oct 24, 2022	sixth street partners management company, l.p.	0.00%	0	SC 13G/A
Feb 14, 2022	greenlight capital inc	1.2%	336,148	SC 13G/A
Feb 14, 2022	sixth street partners management company, l.p.	6.91%	2,007,000	SC 13G/A
Feb 09, 2022	vanguard group inc	10.46%	3,037,323	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	6.7%	1,955,936	SC 13G/A

AAWW Fair Value

Atlas Air Worldwide Holdings fair value in different scenarios

The table shows the Fair Value estimates for Atlas Air Worldwide Holdings for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	213.41 -	284.12 -	401.47 -	511.89 -	590.85 -
Current Inflation	196.14 -	257.30 -	356.76 -	450.05 -	516.84 -
Very High Inflation	174.68 -	224.63 -	303.59 -	377.44 -	430.44 -

Historical Atlas Air Worldwide Holdings Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Atlas Air Worldwide Holdings

View All Filings

Date Filed	Form Type	Document
Mar 21, 2023	4	Insider Trading
Mar 21, 2023	4	Insider Trading
Mar 21, 2023	4	Insider Trading
Mar 21, 2023	4	Insider Trading
Mar 21, 2023	4	Insider Trading
Mar 21, 2023	4	Insider Trading
Mar 21, 2023	4	Insider Trading
Mar 21, 2023	4	Insider Trading
Mar 21, 2023	4	Insider Trading
Mar 21, 2023	4	Insider Trading

Latest Insider Trading transactions for AAWW

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-17	Schwartz Spencer	back to issuer	-	-	-70,270	evp & cfo
2023-03-17	DIETRICH JOHN W	back to issuer	-	-	-121,993	president & ceo
2023-03-17	Stamps Sheila A	back to issuer	-	-	-3,272	-
2023-03-17	GRIFFIN BOBBY J	back to issuer	-	-	-2,479	-
2023-03-17	Mayer Keith H.	back to issuer	-	-	-13,450	svp & controller
2023-03-17	Zierhoffer Carol J	back to issuer	-	-	-1,502	-
2023-03-17	McNabb Duncan J.	back to issuer	-	-	-8,667	-
2023-03-17	Forbes James Anthony	back to issuer	-	-	-31,145	evp & coo
2023-03-17	Kokas Adam Richard	back to issuer	-	-	-67,472	evp, gc & secty.
2023-03-17	Steen Michael	back to issuer	-	-	-140,341	evp & cmo

About Atlas Air Worldwide Holdings

John W. Dietrich

www.atlasair.com

4060

Atlas Air Worldwide Holdings, Inc., through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through two segments, Airline Operations and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions, including contractual service arrangements, such as the provision of aircraft; and value-added services, including crew, maintenance, and insurance to aircraft and other customers. It also provides cargo and passenger aircraft charter services to the U.S. Military Air Mobility Command, charter brokers, freight forwarders, direct shippers, airlines, manufacturers, sports teams and fans, and private charter customers; and cargo and passenger aircraft and engines dry leasing services. In addition, the company offers administrative and management support services, and flight simulator training services. It also serves express delivery providers, e-commerce retailers, and airlines. The company has operations in Africa, Asia, Australia, Europe, the Middle East, North America, and South America. Atlas Air Worldwide Holdings, Inc. was founded in 1992 and is headquartered in Purchase, New York.

AAWW Income Statement

2022-12-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Operating Revenue	$ 4,549,104	$ 4,030,829	$ 3,211,116
Operating Expenses
Aircraft fuel	1,335,622	824,928	440,649
Salaries, wages and benefits	1,135,153	924,440	737,963
Maintenance, materials and repairs	425,959	472,537	506,297
Depreciation and amortization	303,220	281,209	257,672
Travel	211,902	162,986	154,792
Navigation fees, landing fees and other rent	159,212	184,060	155,107
Passenger and ground handling services	140,381	156,962	138,822
Aircraft rent	52,268	67,745	96,865
Loss (gain) on disposal of flight equipment	3,098	(794)	(7,248)
Special charge	16,215	0	16,265
Transaction-related expenses	9,746	1,001	2,780
Other	233,934	244,461	216,384
Total Operating Expenses	4,026,710	3,319,535	2,716,348
Operating Income	522,394	711,294	494,768
Non-operating Expenses (Income)
Interest income	(8,755)	(723)	(1,076)
Interest expense	81,692	107,492	114,635
Capitalized interest	(12,683)	(8,316)	(925)
Loss on early extinguishment of debt	689	6,042	81
Unrealized loss on financial instruments	0	113	71,053
Other (income) expense, net	(185)	(40,705)	(185,742)
Total Non-operating Expenses (Income)	60,758	63,903	(1,974)
Income before income taxes	461,636	647,391	496,742
Income tax expense	105,756	154,074	136,456
Net Income	$ 355,880	$ 493,317	$ 360,286
Earnings per share:
Basic	$ 12.50	$ 17.06	$ 13.64
Diluted	$ 10.53	$ 16.16	$ 13.50
Weighted average shares:
Basic	28,463	28,910	26,408
Diluted	34,190	30,543	26,690

AAWW Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 763,314	$ 910,965
Restricted cash	10,597	10,052
Accounts receivable, net of allowance of $2,661 and $4,003, respectively	253,738	305,905
Prepaid expenses, assets held for sale and other current assets	97,269	99,100
Total current assets	1,124,918	1,326,022
Property and Equipment
Flight equipment	6,286,103	5,449,100
Ground equipment	106,246	101,824
Less: accumulated depreciation	(1,510,402)	(1,319,636)
Flight equipment purchase deposits and modifications in progress	235,586	352,422
Property and equipment, net	5,117,533	4,583,710
Other Assets
Operating lease right-of-use assets	107,707	138,744
Deferred costs and other assets	287,392	329,971
Intangible assets, net and goodwill	58,766	64,796
Total Assets	6,696,316	6,443,243
Current Liabilities
Accounts payable	115,304	82,885
Accrued liabilities	565,108	641,978
Current portion of long-term debt and finance leases	437,046	639,811
Current portion of long-term operating leases	53,825	55,383
Total current liabilities	1,171,283	1,420,057
Other Liabilities
Long-term debt and finance leases	1,861,122	1,655,075
Long-term operating leases	111,591	166,022
Deferred taxes	452,495	354,798
Financial instruments and other liabilities	35,049	37,954
Total other liabilities	2,460,257	2,213,849
Commitments and contingencies	0	0
Stockholders’ Equity
Preferred stock, $1 par value; 10,000,000 shares authorized; no shares issued	0	0
Common stock, $0.01 par value; 100,000,000 shares authorized; 35,465,249 and 34,707,860 shares issued, 28,542,203 and 29,215,702 shares outstanding (net of treasury stock), as of December 31, 2022 and December 31, 2021, respectively	353	347
Additional paid-in capital	878,727	934,516
Treasury stock, at cost; 6,923,046 and 5,492,158 shares, respectively	(339,219)	(225,461)
Accumulated other comprehensive income (loss)	44	(511)
Retained earnings	2,524,871	2,100,446
Total stockholders’ equity	3,064,776	2,809,337
Total Liabilities and Equity	$ 6,696,316	$ 6,443,243