Last 7 days
6.8%
Last 30 days
-0.1%
Last 90 days
-3.2%
Trailing 12 Months
-0.4%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
FDX | 57.2B | 94.1B | 8.14% | -2.48% | 17.16 | 0.61 | 5.07% | -32.20% |
DAL | 24.5B | 50.6B | -14.00% | -15.25% | 298.7 | 0.53 | 69.18% | 370.71% |
LUV | 17.9B | 23.8B | -9.71% | -31.35% | 18.7 | 0.75 | 50.82% | -2.15% |
EXPD | 16.3B | 17.1B | -1.64% | 3.07% | 11.99 | 0.95 | 3.32% | -4.10% |
CHRW | 11.2B | 24.7B | -3.27% | -9.94% | 11.93 | 0.45 | 6.90% | 11.40% |
MID-CAP | ||||||||
XPO | 3.6B | 7.7B | -8.75% | -59.51% | 5.48 | 0.47 | 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 | -1.67% | 5.75% | 14.08 | 1.38 | 18.71% | 82.50% |
JBLU | 2.2B | 9.2B | -16.32% | -53.16% | -6.16 | 0.24 | 51.67% | -98.90% |
SMALL-CAP | ||||||||
SAVE | 1.8B | 5.1B | -11.57% | -22.05% | -3.29 | 0.36 | 56.88% | -17.26% |
ATSG | 1.5B | 2.0B | 2.13% | -38.98% | 7.31 | 0.71 | 17.94% | -14.19% |
RLGT | 299.2M | 727.6M | -2.49% | -16.72% | 7.3 | 0.22 | -19.14% | 92.40% |
AIRT | 64.5M | 224.4M | -0.13% | -0.39% | -25.64 | 0.29 | 30.18% | -139.59% |
HUBG | 2.7M | 5.3B | -11.86% | 3.00% | 0.01 | 5e-4 | 26.18% | 108.16% |
Income Statement (Last 12 Months) | (In Thousands) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | 7.7% | 224,384 | 208,421 | 190,971 | 177,077 | 172,367 |
Operating Expenses | 8.0% | 215,204 | 199,351 | 181,376 | 168,322 | 177,935 |
S&GA Expenses | 7.1% | 37,989 | 35,481 | 33,432 | 29,817 | 35,153 |
EBITDA | 24.9% | 15,265 | 12,219 | 20,636 | 20,204 | - |
EBITDA Margin | 16.0% | 0.07* | 0.06* | 0.11* | 0.11* | - |
Earnings Before Taxes | 56.6% | 3,938 | 2,515 | 12,464 | 13,396 | -174 |
EBT Margin | 45.4% | 0.02* | 0.01* | 0.07* | 0.08* | - |
Interest Expenses | 14.5% | 7,629 | 6,661 | 5,832 | 4,948 | 4,553 |
Net Income | 21.1% | -2,515 | -3,187 | 5,600 | 7,322 | 6,352 |
Net Income Margin | 26.7% | -0.01* | -0.02* | 0.03* | 0.04* | - |
Free Cahsflow | 27.9% | -18,542 | -25,728 | -28,539 | -34,614 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | -6.0% | 212 | 226 | 213 | 208 | 164 |
Current Assets | -10.5% | 131 | 147 | 137 | 128 | 107 |
Cash Equivalents | -32.8% | 5.00 | 7.00 | 7.00 | 6.00 | 6.00 |
Inventory | -1.6% | 86.00 | 88.00 | 86.00 | 75.00 | 76.00 |
Net PPE | -0.4% | 21.00 | 21.00 | 21.00 | 21.00 | 21.00 |
Goodwill | 3.1% | 10.00 | 10.00 | 10.00 | 10.00 | 4.00 |
Liabilities | -7.2% | 178 | 192 | 178 | 171 | 135 |
Current Liabilities | -7.1% | 68.00 | 73.00 | 29.00 | 31.00 | 21.00 |
Long Term Debt | 8.9% | 153 | 140 | 136 | 108 | - |
Shareholder's Equity | -10.8% | 21.00 | 24.00 | 25.00 | 25.00 | 21.00 |
Retained Earnings | -6.6% | 23.00 | 25.00 | 26.00 | 27.00 | 22.00 |
Additional Paid-In Capital | 13.8% | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 |
Accumulated Depreciation | 5.5% | 6.00 | 6.00 | 6.00 | 5.00 | 5.00 |
Shares Outstanding | -1.0% | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
Minority Interest | -0.6% | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | 29.1% | -17.21 | -24.28 | -26.79 | -33.08 | -14.85 |
Cashflow From Investing | 48.4% | -16.93 | -32.79 | -33.00 | -33.39 | -16.72 |
Cashflow From Financing | -42.2% | 35.00 | 61.00 | 58.00 | 59.00 | -11.23 |
Buy Backs | 41.5% | 2.00 | 1.00 | 0.00 | - | - |
100%
80%
73.1%
Y-axis is the maximum loss one would have experienced if Air T was unfortunately bought at previous high price.
18.9%
11.1%
15.4%
28.5%
FIve years rolling returns for Air T.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-02-14 | BRIDGEWAY CAPITAL MANAGEMENT, LLC | unchanged | - | 137,803 | 432,803 | 0.01% |
2023-02-14 | NewEdge Advisors, LLC | new | - | 32,457 | 32,457 | -% |
2023-02-14 | MORGAN STANLEY | added | 2.25 | 181,380 | 562,380 | -% |
2023-02-13 | RENAISSANCE TECHNOLOGIES LLC | reduced | -5.77 | 813,000 | 3,066,000 | -% |
2023-02-13 | GEODE CAPITAL MANAGEMENT, LLC | reduced | -0.21 | 120,000 | 381,000 | -% |
2023-02-13 | BlackRock Inc. | added | 0.51 | 71,784 | 228,784 | -% |
2023-02-13 | DCF Advisers, LLC | reduced | -3.84 | 74,927 | 266,927 | 0.18% |
2023-02-13 | WELLS FARGO & COMPANY/MN | unchanged | - | 173 | 173 | -% |
2023-02-10 | VANGUARD GROUP INC | added | 0.06 | 406,529 | 1,319,530 | -% |
2023-02-10 | ADVISOR GROUP HOLDINGS, INC. | sold off | -100 | -4,000 | - | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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 |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 9.74 -58.04% | 12.49 -46.19% | 18.84 -18.83% | 36.82 58.64% | 54.38 134.30% |
Current Inflation | 9.17 -60.49% | 11.61 -49.98% | 17.08 -26.41% | 32.75 41.10% | 47.96 106.64% |
Very High Inflation | 8.44 -63.64% | 10.51 -54.72% | 14.95 -35.59% | 27.93 20.34% | 40.44 74.24% |
Date Filed | Form Type | Document | |
---|---|---|---|
Mar 27, 2023 | 8-K | Current Report | |
Feb 21, 2023 | 8-K | Current Report | |
Feb 13, 2023 | SC 13G/A | Major Ownership Report | |
Feb 10, 2023 | 10-Q | Quarterly Report | |
Feb 06, 2023 | 8-K | Current Report |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2022-09-16 | McClung Peter B. | bought | 36,875 | 14.75 | 2,500 | - |
2022-09-16 | CABILLOT RAYMOND E | bought | 30,860 | 15.5 | 1,991 | - |
2022-09-15 | CABILLOT RAYMOND E | bought | 41,719 | 15.4118 | 2,707 | - |
2022-09-14 | CABILLOT RAYMOND E | bought | 4,620 | 15.3013 | 302 | - |
2022-09-13 | McClung Peter B. | bought | 40,200 | 16.75 | 2,400 | - |
2022-09-12 | McClung Peter B. | bought | 43,996 | 17.5984 | 2,500 | - |
2022-09-12 | CABILLOT RAYMOND E | bought | 87,681 | 17.5362 | 5,000 | - |
2022-08-26 | Swenson Nicholas John | acquired | 21,562 | 5.75 | 3,750 | ceo |
2022-08-18 | McClung Peter B. | bought | 1,700 | 17.00 | 100 | - |
2022-08-17 | CABILLOT RAYMOND E | bought | 7,650 | 15.3 | 500 | - |
Condensed Consolidated Statements of Income (Loss) (Unaudited) - USD ($) shares in Thousands | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Operating Revenues: | ||||
Total revenue | $ 60,688,000 | $ 43,238,000 | $ 111,550,000 | $ 80,206,000 |
Operating Expenses: | ||||
General and administrative | 10,664,000 | 8,615,000 | 22,396,000 | 16,836,000 |
Depreciation and amortization | 1,026,000 | 323,000 | 1,888,000 | 703,000 |
Inventory write-down | 1,003,000 | 0 | 1,020,000 | 0 |
Asset impairment | 485,000 | 0 | 516,000 | 0 |
(Gain) Loss on sale of property and equipment | (1,000) | 0 | (2,000) | 3,000 |
Operating expenses | 60,509,000 | 42,534,000 | 110,538,000 | 79,507,000 |
Operating Income | 179,000 | 704,000 | 1,012,000 | 699,000 |
Non-operating (Expense) Income: | ||||
Interest expense | (1,996,000) | (1,167,000) | (3,818,000) | (2,105,000) |
Income from equity method investments | 266,000 | 14,000 | 798,000 | 97,000 |
Gain on forgiveness of Paycheck Protection Program (“PPP”) loan | 0 | 8,331,000 | 0 | 8,331,000 |
Other | (357,000) | 159,000 | (509,000) | 1,340,000 |
Nonoperating income (expense) | (2,087,000) | 7,337,000 | (3,529,000) | 7,663,000 |
(Loss) Income before income taxes | (1,908,000) | 8,041,000 | (2,517,000) | 8,362,000 |
Income Taxes (Benefit) Expense | (572,000) | 38,000 | (380,000) | 33,000.0 |
Net (Loss) Income | (1,336,000) | 8,003,000 | (2,137,000) | 8,329,000 |
Net Loss (Income) Attributable to Non-controlling Interests | 104,000 | (448,000) | (528,000) | (486,000) |
Net (Loss) Income Attributable to Air T, Inc. Stockholders | $ (1,232,000) | $ 7,555,000 | $ (2,665,000) | $ 7,843,000 |
(Loss) Income per share (Note 6) | ||||
Basic (in dollars per share) | $ (0.43) | $ 2.62 | $ (0.93) | $ 2.72 |
Diluted (in dollars per share) | $ (0.43) | $ 2.60 | $ (0.93) | $ 2.71 |
Weighted Average Shares Outstanding: | ||||
Basic (in shares) | 2,865 | 2,882 | 2,866 | 2,882 |
Diluted (in shares) | 2,865 | 2,901 | 2,866 | 2,893 |
Overnight air cargo | ||||
Operating Revenues: | ||||
Total revenue | $ 22,069,000 | $ 18,847,000 | $ 42,633,000 | $ 37,697,000 |
Operating Expenses: | ||||
Cost of Revenue | 19,451,000 | 16,553,000 | 37,522,000 | 33,297,000 |
Depreciation and amortization | 23,000 | 14,000 | 42,000 | 27,000 |
Operating Income | 845,000 | 857,000 | 1,922,000 | 1,589,000 |
Ground equipment sales | ||||
Operating Revenues: | ||||
Total revenue | 18,019,000 | 9,189,000 | 23,834,000 | 17,371,000 |
Operating Expenses: | ||||
Cost of Revenue | 14,438,000 | 8,033,000 | 18,870,000 | 13,562,000 |
Depreciation and amortization | 46,000 | 32,000 | 95,000 | 64,000 |
Operating Income | 1,887,000 | 43,000 | 2,029,000 | 1,465,000 |
Commercial jet engines and parts | ||||
Operating Revenues: | ||||
Total revenue | 18,986,000 | 14,916,000 | 41,841,000 | 24,510,000 |
Operating Expenses: | ||||
Cost of Revenue | 13,443,000 | 9,010,000 | 28,328,000 | 15,106,000 |
Depreciation and amortization | 563,000 | 214,000 | 996,000 | 479,000 |
Operating Income | (204,000) | 1,902,000 | 2,870,000 | 1,664,000 |
Corporate and other | ||||
Operating Revenues: | ||||
Total revenue | 1,614,000 | 286,000 | 3,242,000 | 628,000 |
Operating Expenses: | ||||
Depreciation and amortization | 394,000 | 62,000 | 755,000 | 133,000 |
Operating Income | $ (2,349,000) | $ (2,098,000) | $ (5,809,000) | $ (4,019,000) |
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Sep. 30, 2022 | Mar. 31, 2022 |
---|---|---|
Current Assets: | ||
Cash and cash equivalents | $ 7,071 | $ 5,616 |
Marketable securities | 788 | 859 |
Restricted cash | 2,394 | 2,752 |
Restricted investments | 1,589 | 1,691 |
Accounts receivable, net of allowance for doubtful accounts of $1,328 and $1,368 | 22,571 | 19,684 |
Income tax receivable | 3,893 | 3,230 |
Inventories, net | 87,604 | 75,167 |
Employee retention credit receivable | 7,689 | 9,138 |
Other current assets | 12,932 | 10,106 |
Total Current Assets | 146,531 | 128,243 |
Assets on lease or held for lease, net of accumulated depreciation of $1,041 and $780 | 14,574 | 14,509 |
Property and equipment, net of accumulated depreciation of $6,015 and $5,405 | 21,338 | 21,212 |
Intangible assets, net of accumulated amortization of $3,512 and $2,947 | 10,722 | 13,260 |
Right-of-use ("ROU") assets | 6,755 | 7,354 |
Equity method investments | 11,559 | 9,864 |
Goodwill | 10,093 | 10,126 |
Other assets | 4,360 | 3,031 |
Total Assets | 225,932 | 207,599 |
Current Liabilities: | ||
Accounts payable | 13,249 | 9,397 |
Income tax payable | 252 | 194 |
Accrued expenses and other (Note 4) | 13,626 | 13,391 |
Current portion of long-term debt | 44,704 | 6,482 |
Short-term lease liability | 1,341 | 1,443 |
Total Current Liabilities | 73,172 | 30,907 |
Long-term debt | 107,979 | 129,326 |
Deferred income tax liabilities, net | 3,175 | 2,812 |
Long-term lease liability | 6,206 | 6,734 |
Other non-current liabilities | 1,208 | 1,342 |
Total Liabilities | 191,740 | 171,121 |
Redeemable non-controlling interest | 10,253 | 10,761 |
Commitments and contingencies (Note 16) | ||
Equity: | ||
Preferred stock, $1.00 par value, 2,000,000 shares authorized | 0 | 0 |
Common stock, $.25 par value; 4,000,000 shares authorized, 3,026,495 and 3,022,745 shares issued, 2,850,748 and 2,866,418 shares outstanding | 757 | 756 |
Treasury stock, 175,747 shares at $19.07 and 156,327 shares at $19.20 | (3,353) | (3,002) |
Additional paid-in capital | 571 | 393 |
Retained earnings | 24,802 | 26,729 |
Accumulated other comprehensive income (loss) | 68 | (263) |
Total Air T, Inc. Stockholders' Equity | 22,845 | 24,613 |
Non-controlling Interests | 1,094 | 1,104 |
Total Equity | 23,939 | 25,717 |
Total Liabilities and Equity | $ 225,932 | $ 207,599 |