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AIRT

AIRT - Air T Inc Stock Price, Fair Value and News

22.66USD-1.12 (-4.71%)Market Closed

Market Summary

AIRT
USD22.66-1.12
Market Closed
-4.71%

AIRT Stock Price

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AIRT RSI Chart

AIRT Valuation

Market Cap

67.1M

Price/Earnings (Trailing)

-6.17

Price/Sales (Trailing)

0.3

EV/EBITDA

-47.76

Price/Free Cashflow

1.56

AIRT Price/Sales (Trailing)

AIRT Profitability

Operating Margin

99.74%

EBT Margin

-5.30%

Return on Equity

-157.71%

Return on Assets

-6.68%

Free Cashflow Yield

64.12%

AIRT Fundamentals

AIRT Revenue

Revenue (TTM)

220.4M

Rev. Growth (Yr)

3.84%

Rev. Growth (Qtr)

85.53%

AIRT Earnings

Earnings (TTM)

-10.9M

Earnings Growth (Yr)

-404.92%

Earnings Growth (Qtr)

-696.99%

Breaking Down AIRT Revenue

Last 7 days

6.9%

Last 30 days

25.5%

Last 90 days

54.3%

Trailing 12 Months

-4.3%

How does AIRT drawdown profile look like?

AIRT Financial Health

Current Ratio

1.99

Debt/Equity

1.4

Debt/Cashflow

3.38

AIRT Investor Care

Dividend Yield

1.28%

Dividend/Share (TTM)

0.2

Shares Dilution (1Y)

0.07%

Diluted EPS (TTM)

-5

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023211.7M221.2M218.0M220.4M
2022177.1M178.5M172.8M188.8M
2021158.7M158.7M166.3M155.9M
2020193.1M182.9M167.8M150.3M
2019178.5M173.9M183.7M201.5M
2018194.5M198.6M190.6M201.6M
2017148.5M165.7M176.0M184.7M
2016148.2M156.3M150.2M139.4M
2015112.2M112.8M122.8M138.5M
2014100.8M101.3M111.7M112.8M
2013103.1M99.9M102.9M106.0M
201289.4M97.3M93.0M94.1M
201183.4M84.9M86.4M87.9M
GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

PurpleZone


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks
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Tracking the Latest Insider Buys and Sells of Air T Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Dec 28, 2023
swenson nicholas john
gifted
-
-
-611
ceo
Sep 16, 2022
mcclung peter b.
bought
36,875
14.75
2,500
-
Sep 16, 2022
cabillot raymond e
bought
30,860
15.5
1,991
-
Sep 15, 2022
cabillot raymond e
bought
41,719
15.4118
2,707
-
Sep 14, 2022
cabillot raymond e
bought
4,620
15.3013
302
-
Sep 13, 2022
mcclung peter b.
bought
40,200
16.75
2,400
-
Sep 12, 2022
mcclung peter b.
bought
43,996
17.5984
2,500
-
Sep 12, 2022
cabillot raymond e
bought
87,681
17.5362
5,000
-
Aug 26, 2022
swenson nicholas john
acquired
21,562
5.75
3,750
ceo

1–10 of 50

Which funds bought or sold AIRT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 11, 2024
VANGUARD GROUP INC
unchanged
-
-289,127
896,362
-%
Feb 14, 2024
Royal Bank of Canada
new
-
-
-
-%
Feb 14, 2024
BRIDGEWAY CAPITAL MANAGEMENT, LLC
unchanged
-
-100,913
284,625
0.01%
Feb 14, 2024
COMERICA BANK
new
-
3,380
3,380
-%
Feb 13, 2024
RENAISSANCE TECHNOLOGIES LLC
reduced
-1.09
-673,000
1,994,000
-%
Feb 13, 2024
GEODE CAPITAL MANAGEMENT, LLC
unchanged
-
-69,151
195,023
-%
Feb 13, 2024
BlackRock Inc.
reduced
-0.49
-33,822
102,781
-%
Feb 13, 2024
Tower Research Capital LLC (TRC)
reduced
-38.44
-7,490
6,523
-%
Feb 13, 2024
DCF Advisers, LLC
sold off
-100
-204,167
-
-%

1–10 of 16

Are Funds Buying or Selling AIRT?

Are funds buying AIRT calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own AIRT
No. of Funds

Unveiling Air T Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2023
renaissance technologies llc
4.36%
124,011
SC 13G/A
Sep 27, 2022
farnam street partners lp /mn
13.75%
394,090
SC 13D/A
Feb 11, 2022
renaissance technologies llc
5.54%
159,711
SC 13G/A
Feb 22, 2021
ao partners i, lp
32.6%
940,750
SC 13D/A
Feb 11, 2021
renaissance technologies llc
6.43%
185,211
SC 13G/A
Jan 12, 2021
ao partners i, lp
32.5%
937,084
SC 13D/A
Jan 08, 2021
farnam street partners lp /mn
13.55%
390,424
SC 13D/A
Apr 01, 2020
swenson nicholas john
30.3%
883,557
SC 13D/A
Mar 31, 2020
farnam street partners lp /mn
12.0%
350,313
SC 13D/A
Feb 13, 2020
renaissance technologies llc
6.99%
211,311
SC 13G/A

Recent SEC filings of Air T Inc

View All Filings
Date Filed Form Type Document
Apr 05, 2024
8-K
Current Report
Apr 04, 2024
8-K
Current Report
Apr 04, 2024
8-K
Current Report
Apr 02, 2024
8-K
Current Report
Mar 29, 2024
424B3
Prospectus Filed
Mar 27, 2024
8-K
Current Report
Mar 27, 2024
EFFECT
EFFECT
Mar 12, 2024
S-3
S-3
Mar 12, 2024
S-3
S-3
Mar 05, 2024
8-K
Current Report

Peers (Alternatives to Air T Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
65.9B
87.5B
4.94% 15.90%
15
0.75
-5.51% 46.89%
47.5B
16.5B
-0.98% 49.25%
25.67
2.88
8.21% 18.11%
40.3B
7.3B
-6.09% 34.64%
34.91
5.49
5.24% 6.27%
19.2B
12.8B
-7.97% 6.18%
26.3
1.49
-13.39% -24.87%
16.9B
9.3B
-3.13% 6.69%
22.48
1.82
-45.52% -44.53%
MID-CAP
8.2B
17.6B
-6.41% -26.26%
25.34
0.47
-28.75% -65.43%
8.2B
7.1B
-9.16% -7.04%
37.93
1.15
-3.86% -71.85%
7.4B
4.5B
2.89% 42.19%
19.73
1.66
7.15% 22.87%
6.2B
9.1B
12.18% 65.64%
14.16
0.68
8.19% -5.10%
3.5B
4.4B
11.26% 61.61%
17.96
0.79
-11.96% -34.46%
SMALL-CAP
1.0B
3.1B
-0.76% 68.72%
20.94
0.32
-29.52% -83.61%
856.1M
233.3M
21.87% -16.86%
-8.6
3.67
-1.70% -153.19%
593.2M
1.1B
0.46% 30.05%
10.74
0.54
-9.31% -49.18%
391.3M
1.6B
0.61% 15.46%
-22.11
0.25
-11.50% -135.26%
67.1M
220.4M
25.54% -4.29%
-6.17
0.3
16.77% -270.60%

Air T Inc News

Latest updates
The Globe and Mail13 hours ago
Stock Traders Daily09 Apr 202405:56 pm

Air T Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue85.5%63,75634,36547,90574,37761,39637,53238,38851,43845,43343,23836,96830,27355,81935,60436,97021,93673,30050,69347,18830,33755,486
Operating Expenses-16.4%65,36478,20570,773-171,37361,26160,50950,02843,40745,40842,53436,97253,02154,75139,28837,23663,49869,58050,22746,19057,10853,621
  S&GA Expenses1.4%13,55413,36212,75411,46311,50310,66311,7794,0158,9958,6158,2199,3248,3039,0887,55011,1319,5509,4099,6718,5799,048
EBITDA Margin-177.6%-0.01*0.01*0.01*0.00*0.07*0.06*0.12*0.11*0.04*0.06*-0.02*-0.03*---------
Interest Expenses-17.5%1,5281,8531,8081,9142,2041,9961,8221,6071,2361,1679391,2111,1721,0811,1613941,2272,0471,0248191,186
Income Taxes-60.0%200500200986-200-5722001,427-30038.00-5.00-1,231-300-1,547-300-489616-296-3771,593174
Earnings Before Taxes-74.5%-1,956-1,121184-8,787-48.00-1,908-6106,504-1,4718,041322-7,0661,445-4,904-1,2562271,197-2,4183,6185,077-1,743
EBT Margin-18.2%-0.05*-0.04*-0.04*-0.05*0.02*0.01*0.07*0.08*0.00*0.02*-0.06*-0.07*---------
Net Income-697.0%-2,979499646-9,040-5902,1834354,346-1,2627,555289-2,145-335-433-115-2,2867892872,373-322398
Net Income Margin-26.8%-0.05*-0.04*-0.04*-0.04*0.01*0.01*0.06*0.06*0.03*0.03*-0.02*-0.02*---------
Free Cashflow-41.9%7,12712,2603,08020,5549,886-11,827-2,882-13,7192,700-14,638-8,9574,354---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-5.2%163172187190212226213208164156145141185148153151158143134115117
  Current Assets-9.1%89.0098.0011311713114713712810711910910614810510498.0011799.0089.0071.0072.00
    Cash Equivalents-10.4%4.005.006.006.007.009.0010.008.006.006.0011.0016.0049.0013.0017.0016.0012.0027.0016.0012.003.00
  Inventory-1.0%54.0054.0064.0071.0086.0088.0086.0075.0076.0083.0076.0072.0068.0071.0064.0061.0068.0040.0037.0027.0040.00
  Net PPE-1.3%21.0021.0021.0021.0021.0021.0021.0021.0021.009.008.009.008.006.005.005.004.004.005.004.005.00
  Goodwill1.2%11.0011.0011.0011.0010.0010.0010.0010.004.004.004.004.004.004.004.004.004.004.004.004.004.00
Liabilities-4.6%14214916216417819217817113512512311915812312312012710910686.0092.00
  Current Liabilities-11.7%45.0051.0050.0064.0068.0073.0029.0031.0021.0022.0030.0028.0064.0069.0060.0068.0076.0056.0060.0053.0057.00
Shareholder's Equity-37.1%7.0011.0012.0012.0022.0024.0025.0026.0021.0023.0015.0015.0022.0021.0025.0025.0023.0027.0021.0023.0022.00
  Retained Earnings-25.5%9.0012.0013.0014.0023.0025.0026.0027.0022.0024.0016.0016.0022.0020.0023.0024.0023.0024.0018.0021.0019.00
  Additional Paid-In Capital8.7%1.001.001.001.001.001.000.000.000.000.00--1.002.003.003.001.002.002.003.004.00
Accumulated Depreciation5.2%8.007.007.007.006.006.006.005.005.005.005.005.005.005.004.004.004.004.006.003.005.00
Shares Outstanding0%3.003.003.003.003.003.003.003.003.003.003.003.00---------
Minority Interest0.9%1.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.00-1.00-0.96
Float------17.00---30.00---12.00---21.00---
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-41.6%7,24812,4133,48420,72410,131-11,415-2,531-13,3943,063-13,932-8,8214,838-1,035-2,287-3,335-15,383-10,294-4,7855,38819,734-13,669
Cashflow From Investing-64.4%63.00177-21.00-3,078-1,314-716-1,060-13,842-17,170-927-1,4492,824307-67.00-54816,003-9,3315,713-3,780-2584,830
Cashflow From Financing39.8%-7,922-13,153-4,076-17,246-11,89112,1844,57330,17513,6549,6065,819-40,31236,721-1,3785,040-6,92413,83710,3192,008-10,3766,664
  Buy Backs---15.00-642351---------4612,15773.0012651.00671

AIRT Income Statement

2023-12-31
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Operating Revenues:    
Total revenue$ 63,756$ 61,396$ 214,154$ 172,946
Operating Expenses:    
General and administrative13,55411,50339,67233,898
Depreciation and amortization6991,0972,0882,984
Inventory write-down3216383261,658
Asset impairment000516
Operating expenses65,36461,261214,343171,799
Operating (Loss) Income(1,608)135(189)1,147
Non-operating (Expense) Income:    
Interest expense(1,528)(2,204)(5,189)(6,021)
Income from equity method investments1,0382,1182,4772,917
Other142(97)8(608)
Nonoperating income (expense)(348)(183)(2,704)(3,712)
Loss before income taxes(1,956)(48)(2,893)(2,565)
Income Taxes Expense (Benefit)153(156)851(536)
Net (Loss) Income(2,109)108(3,744)(2,029)
Net Income Attributable to Non-controlling Interests(870)(698)(1,375)(1,226)
Net Loss Attributable to Air T, Inc. Stockholders$ (2,979)$ (590)$ (5,119)$ (3,255)
Loss per share (Note 6)    
Basic (in dollars per share)$ (1.06)$ (0.21)$ (1.82)$ (1.14)
Diluted (in dollars per share)$ (1.06)$ (0.21)$ (1.82)$ (1.14)
Weighted Average Shares Outstanding:    
Basic (in shares)2,8222,8362,8202,855
Diluted (in shares)2,8222,8362,8202,855
Overnight air cargo    
Operating Revenues:    
Total revenue$ 29,018$ 21,831$ 84,944$ 64,464
Operating Expenses:    
Cost of revenue24,50419,17471,84156,696
Depreciation and amortization952226964
Operating (Loss) Income1,5941,0095,5682,931
Ground equipment sales    
Operating Revenues:    
Total revenue8,44116,14732,47439,981
Operating Expenses:    
Cost of revenue6,96413,49227,85432,362
Depreciation and amortization3735107130
Operating (Loss) Income(522)1,093(619)3,122
Commercial jet engines and parts    
Operating Revenues:    
Total revenue24,13921,73690,46363,577
Operating Expenses:    
Cost of revenue19,32215,35772,56243,685
Depreciation and amortization1857215651,717
Operating (Loss) Income(627)7332,0023,603
Corporate and other    
Operating Revenues:    
Total revenue2,1581,6826,2734,924
Operating Expenses:    
Depreciation and amortization3823191,1471,073
Operating (Loss) Income$ (2,053)$ (2,700)$ (7,140)$ (8,509)

AIRT Balance Sheet

2023-12-31
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2023
Mar. 31, 2023
Current Assets:  
Cash and cash equivalents$ 4,480$ 5,806
Marketable securities3260
Restricted cash7071,284
Restricted investments1,4632,161
Accounts receivable, net of allowance for doubtful accounts of $1,371 and $1,16018,14127,218
Income tax receivable354536
Inventories, net53,88771,125
Employee retention credit receivable0940
Other current assets9,9717,487
Total Current Assets89,329116,557
Property and equipment, net of accumulated depreciation of $7,520 and $6,62420,88321,439
Intangible assets, net of accumulated amortization of $5,141 and $4,19111,45912,103
Right-of-use ("ROU") assets11,89311,666
Equity method investments15,03813,230
Goodwill10,62410,563
Other assets3,5564,004
Total Assets162,782189,562
Current Liabilities:  
Accounts payable13,53710,449
Income tax payable36304
Accrued expenses and other (Note 4)12,02913,133
Current portion of long-term debt17,36738,736
Short-term lease liability1,8321,664
Total Current Liabilities44,80164,286
Long-term debt83,41986,349
Deferred income tax liabilities, net2,5812,417
Long-term lease liability10,94110,771
Other non-current liabilities047
Total Liabilities141,742163,870
Redeemable non-controlling interests13,08612,710
Commitments and contingencies (Note 15)
Equity:  
Preferred stock, $1.00 par value, 2,000,000 shares authorized00
Common stock, $0.25 par value; 4,000,000 shares authorized, 3,030,245 and 3,026,495 shares issued, 2,821,504 and 2,818,374 shares outstanding758757
Treasury stock, 208,741 shares at $19.63 and 208,121 shares at $19.62(4,098)(4,083)
Additional paid-in capital990728
Retained earnings9,01413,686
Accumulated other comprehensive income231816
Total Air T, Inc. Stockholders' Equity6,89511,904
Non-controlling Interests1,0591,078
Total Equity7,95412,982
Total Liabilities and Equity$ 162,782$ 189,562
AIRT
Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The Overnight Air Cargo segment offers air express delivery services. As of March 31, 2023, this segment had 85 aircraft under the dry-lease agreements with FedEx. The Ground Equipment Sales segment manufactures, sells, and services aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other specialized equipment. This segment sells its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. The Commercial Aircraft, Engines and Parts segment offers commercial aircraft trading, leasing, and parts solutions; commercial aircraft storage, storage maintenance, and aircraft disassembly/part-out services; commercial aircraft parts sales, exchanges, procurement services, consignment programs, and overhaul and repair services; and aircraft instrumentation, avionics, and a range of electrical accessories for civilian, military transport, regional/commuter and business/commercial jet, and turboprop aircraft. This segment also provides composite aircraft structures, and repair and support services. Air T, Inc. was incorporated in 1980 and is based in Denver, North Carolina.
 CEO
 WEBSITEairt.net
 INDUSTRYIntegrated Freight & Logistics
 EMPLOYEES584

Air T Inc Frequently Asked Questions


What is the ticker symbol for Air T Inc? What does AIRT stand for in stocks?

AIRT is the stock ticker symbol of Air T Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Air T Inc (AIRT)?

As of Fri Apr 12 2024, market cap of Air T Inc is 67.1 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of AIRT stock?

You can check AIRT's fair value in chart for subscribers.

What is the fair value of AIRT stock?

You can check AIRT's fair value in chart for subscribers. The fair value of Air T Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Air T Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for AIRT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Air T Inc a good stock to buy?

The fair value guage provides a quick view whether AIRT is over valued or under valued. Whether Air T Inc is cheap or expensive depends on the assumptions which impact Air T Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for AIRT.

What is Air T Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 12 2024, AIRT's PE ratio (Price to Earnings) is -6.17 and Price to Sales (PS) ratio is 0.3. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. AIRT PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Air T Inc's stock?

In the past 10 years, Air T Inc has provided 0.16 (multiply by 100 for percentage) rate of return.