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Air T Inc Stock Research

AIRT

22.30USD+0.20(+0.90%)Market Closed
Watchlist

Market Summary

USD22.30+0.20
Market Closed
0.90%

AIRT Stock Price

AIRT RSI Chart

AIRT Valuation

Market Cap

62.8M

Price/Earnings (Trailing)

-5.52

Price/Sales (Trailing)

0.23

EV/EBITDA

42.26

Price/Free Cashflow

2.9

AIRT Price/Sales (Trailing)

AIRT Profitability

EBT Margin

1.76%

Return on Equity

-11.77%

Return on Assets

-1.18%

Free Cashflow Yield

34.52%

AIRT Fundamentals

AIRT Revenue

Revenue (TTM)

267.9M

Revenue Y/Y

40.44%

Revenue Q/Q

-3.96%

AIRT Earnings

Earnings (TTM)

-11.4M

Earnings Y/Y

62.94%

Earnings Q/Q

94.13%

Price Action

52 Week Range

16.7528.95
(Low)(High)

Last 7 days

3.2%

Last 30 days

6.3%

Last 90 days

-16.2%

Trailing 12 Months

-2.8%

AIRT Financial Health

Current Ratio

1.93

Debt/Equity

7.15

Debt/Cashflow

-0.11

AIRT Investor Care

Buy Backs (1Y)

1.68%

Diluted EPS (TTM)

-4.01

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for AIRT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
-

1–10 of 50

Which funds bought or sold AIRT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-08-15
WELLS FARGO & COMPANY/MN
added
14.29
13.00
192
-%
2023-08-14
VANGUARD GROUP INC
unchanged
-
2,669
1,339,810
-%
2023-08-14
BRIDGEWAY CAPITAL MANAGEMENT, LLC
unchanged
-
15,525
432,975
0.01%
2023-08-14
Tower Research Capital LLC (TRC)
sold off
-100
-1,000
-
-%
2023-08-14
NewEdge Advisors, LLC
sold off
-100
-1,026
-
-%
2023-08-14
MORGAN STANLEY
unchanged
-
1,122
563,495
-%
2023-08-11
RENAISSANCE TECHNOLOGIES LLC
reduced
-1.3
-34,000
3,040,000
-%
2023-08-11
GEODE CAPITAL MANAGEMENT, LLC
reduced
-16.79
-49,726
313,298
-%
2023-08-11
BlackRock Inc.
added
4.15
6,918
165,560
-%
2023-08-10
CONCOURSE FINANCIAL GROUP SECURITIES, INC.
sold off
-
-
-
-%

1–10 of 14

Latest Funds Activity

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

Schedule 13G FIlings of Air T

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

View All Filings
Date Filed Form Type Document
Sep 11, 2023
8-K
Current Report
Sep 05, 2023
8-K
Current Report
Aug 31, 2023
DEL AM
DEL AM
Aug 23, 2023
S-1
Initial Public Offering
Aug 21, 2023
8-K
Current Report
Aug 11, 2023
10-Q
Quarterly Report
Jul 27, 2023
8-K
Current Report
Jul 24, 2023
DEF 14A
DEF 14A
Jul 24, 2023
ARS
ARS
Jul 11, 2023
PRE 14A
PRE 14A

AIRT Fair Value

Loading...

Peers (Alternatives to Air T)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
59.7B
88.6B
0.25% 68.95%
17.9
0.63
-6.50% 16.33%
24.5B
55.7B
-10.73% 25.73%
298.7
0.53
33.38% 398.83%
16.8B
12.6B
-0.69% 29.16%
15.88
1.33
-33.44% -31.22%
16.7B
25.1B
-11.15% -14.10%
38.46
0.66
18.83% -71.05%
10.0B
20.1B
-7.79% -13.30%
18.71
0.5
-23.75% -51.25%
MID-CAP
8.0B
7.6B
-2.39% 55.58%
94.75
1.05
0.77% -87.90%
2.9B
4.5B
0.24% 22.01%
8.22
0.64
12.86% -27.86%
1.7B
1.8B
1.47% -27.11%
11.19
0.93
-2.22% -6.61%
1.5B
9.9B
-28.14% -36.34%
55.75
0.15
24.14% 106.11%
SMALL-CAP
2.0B
5.5B
-2.64% -26.60%
-4.4
0.37
29.98% -29.36%
1.5B
2.1B
-4.56% -16.44%
9.66
0.71
7.02% -29.07%
276.7M
1.1B
-14.85% 0.17%
13.43
0.25
49.19% -53.68%
62.8M
267.9M
6.29% -2.83%
-5.52
0.23
40.28% -223.76%
2.5M
4.8B
-0.14% 11.85%
0.01
5e-4
-3.92% -13.56%

Air T News

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11 days ago
StreetInsider.com
Form N-PX BRIDGEWAY FUNDS INC For: Jun 30.
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2 years ago
InvestorsObserver
WhatTheyThink

Returns for AIRT

Cumulative Returns on AIRT

16.5%


10-Year Cumulative Returns

13.4%


7-Year Cumulative Returns

8.1%


5-Year Cumulative Returns

30.0%


3-Year Cumulative Returns

Risks for AIRT

What is the probability of a big loss on AIRT?

100%


Probability that Air T stock will be more than 20% underwater in next one year

80%


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

73.1%


Probability that Air T 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 AIRT drawdown profile look like?

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

Drawdowns

Financials for Air T

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Last 12 Months)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue8.3%267,892247,323224,384208,421190,971177,077172,367182,753175,119175,121193,997211,478226,567236,785238,510220,696210,870215,502201,633190,648198,642
Operating Expenses8.2%272,474251,730215,204199,351181,376168,322177,935187,278184,032184,296194,773209,602220,541229,494227,672211,713203,232206,171206,084196,413203,053
  S&GA Expenses2.2%46,40545,38437,98735,47933,43029,81735,15334,46134,93434,26436,05237,29937,62039,78137,81137,30935,89733,60733,65431,85831,138
EBITDA---15,26512,21920,63620,2045,9879,283-2,922-4,0503,0342,9306,92812,99718,588------
EBITDA Margin---0.07*0.06*0.11*0.11*0.03*0.05*-0.02*-0.02*0.02*0.01*0.03*0.05*0.08*------
Interest Expenses-0.2%7,9227,9357,6296,6615,8324,9484,5534,4894,4034,6243,8083,8634,8294,6925,1175,0763,7433,4273,3222,6742,282
Earnings Before Taxes7.0%-10,560-11,3533,9382,51512,46413,396-1742,742-10,203-11,781-4,489-4,737-2,2512,6247,4304,4905,8295,9681,9102,8784,717
EBT Margin---0.02*0.01*0.07*0.08*0.00*0.02*-0.06*-0.07*-0.02*-0.02*-0.01*0.01*0.03*------
Net Income7.3%-11,393-12,2951,0914199,20610,9286,3527,279-709-1,113-7553691,0893,5774,5654,1743,7811,8612,3041,2341,762
Net Income Margin----0.01*-0.02*0.03*0.04*0.04*0.05*0.00*-0.01*-0.01*-0.02*0.02*0.03*0.04*------
Free Cashflow----18,542-25,728-28,539-34,614-16,541-21,983-10,754-5,718-26,877-34,871-36,572-27,5138,531------
Balance Sheet
(In Thousands)
Balance Sheet
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-1.2%187,196189,562212,361225,932213,205207,599163,796155,635145,120140,750185,238148,401153,150151,427158,375142,657133,651115,143116,903117,71497,115
  Current Assets-3.2%112,846116,557131,096146,531137,140128,243106,796119,015109,430105,774147,709105,300103,62098,486117,20899,07388,91671,34871,61664,54360,059
    Cash Equivalents-2.5%5,6595,8064,7537,0719,5238,3685,8396,27411,42715,92748,82512,86916,65615,57111,53627,43416,19712,4172,7295,6125,747
  Inventory-9.4%64,40671,12586,21887,60486,13275,16776,44682,58975,77071,97167,67170,96563,87960,62368,11640,37036,52927,45539,58629,45027,620
  Net PPE0.2%21,48821,43921,25221,33821,26221,21221,3288,9128,4578,5197,5886,0955,1905,2724,1724,3104,7524,2644,90537,07119,418
  Goodwill0.4%10,60010,56310,41410,09310,31710,1264,2274,2274,2274,2274,2274,2274,2274,2274,2274,2274,4184,2274,4184,4184,418
Liabilities-1.2%161,952163,870177,846191,740177,617171,121134,616125,366123,237119,438157,756122,731123,109120,336126,784109,310105,97886,30991,58889,36567,596
  Current Liabilities-22.6%49,77664,28667,94573,17229,41030,90721,21022,22430,25328,17963,66369,11660,15867,74676,36756,11860,39152,79456,57343,77734,874
  Short Term Borrowings---------------------9,545
Shareholder's Equity-4.8%11,33811,90421,36523,93925,24625,71721,29522,98814,87914,71421,92820,67024,50125,01123,40127,34720,98823,35822,31825,76727,074
  Retained Earnings-2.9%13,28913,68623,15324,80226,22226,72922,28324,05916,32116,27022,10520,00722,92723,76823,18023,61017,97021,19118,69422,07623,418
  Additional Paid-In Capital10.9%807728650571472393315236--1,2872,1753,0652,6361,0292,4101,6292,8674,1954,1884,172
Accumulated Depreciation4.9%6,9466,6246,3456,0155,6755,4055,1114,8664,6224,5104,7854,6314,4544,3194,1043,9355,9783,4705,3568,749-
Shares Outstanding0.0%2,8182,8182,8222,8512,8662,8662,8822,8822,8822,8822,8822,8822,8822,8822,9733,0252,2532,0233,0423,0663,065
Minority Interest-0.8%1,0691,0781,0871,0941,0981,1041,1131,1301,1429899919921,0001,0051,0131,0321,046-1,001-958-938-903
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Last 12 Months)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations35.6%22,92416,909-17,209-24,277-26,794-33,084-14,852-18,950-7,305-1,819-22,040-31,299-33,797-25,07410,0436,66811,60720,936-7,3767,55716,584
Cashflow From Investing16.8%-5,129-6,168-16,932-32,788-32,999-33,388-16,7227551,6152,51615,6956,05711,8378,605-7,6566,505-20,067-23,004-31,167-42,720-30,334
Cashflow From Financing-69.9%-21,029-12,38035,04160,58658,00859,254-11,23311,83485071.0033,45910,57522,27219,24015,7888,61518,8649,54633,12638,56116,744
  Buy Backs24.3%1,3441,0811,9861,404-385-------2,8172,40892287274592546.00-

AIRT Income Statement

2023-06-30
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Revenues:  
Total revenue$ 71,431$ 50,862
Operating Expenses:  
General and administrative12,75411,779
Depreciation and amortization690861
Operating expenses70,77350,028
Operating Income658834
Non-operating (Expense) Income:  
Interest expense(1,808)(1,822)
Income from equity method investments691532
Other643(154)
Nonoperating income (expense)(474)(1,444)
Income (Loss) before income taxes184(610)
Income Tax Expense211192
Net Loss(27)(802)
Net Income Attributable to Non-controlling Interests(504)(631)
Net Loss Attributable to Air T, Inc. Stockholders$ (531)$ (1,433)
Loss per share (Note 6)  
Basic (in dollars per share)$ (0.19)$ (0.50)
Diluted (in dollars per share)$ (0.19)$ (0.50)
Weighted Average Shares Outstanding:  
Basic (in shares)2,8182,866
Diluted (in shares)2,8182,866
Overnight air cargo  
Operating Revenues:  
Total revenue$ 27,728$ 20,564
Operating Expenses:  
Cost of Revenue23,71218,071
Depreciation and amortization8520
Operating Income1,9351,077
Ground equipment sales  
Operating Revenues:  
Total revenue11,7875,815
Operating Expenses:  
Cost of Revenue10,3384,432
Depreciation and amortization3449
Operating Income(85)142
Commercial jet engines and parts  
Operating Revenues:  
Total revenue29,84622,855
Operating Expenses:  
Cost of Revenue23,27914,885
Depreciation and amortization190434
Operating Income1,4783,074
Corporate and other  
Operating Revenues:  
Total revenue2,0701,628
Operating Expenses:  
Depreciation and amortization381358
Operating Income$ (2,670)$ (3,459)

AIRT Balance Sheet

2023-06-30
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Mar. 31, 2023
Current Assets:  
Cash and cash equivalents$ 5,659$ 5,806
Marketable securities3650
Restricted cash7621,284
Restricted investments1,6342,161
Accounts receivable, net of allowance for doubtful accounts of $1,295 and $1,16032,00427,218
Income tax receivable223536
Inventories, net64,40671,125
Employee retention credit receivable0940
Other current assets7,7937,487
Total Current Assets112,846116,557
Assets on lease or held for lease, net of accumulated depreciation of $38 and $2231683
Property and equipment, net of accumulated depreciation of $6,946 and $6,62421,48821,439
Intangible assets, net of accumulated amortization of $4,493 and $4,19111,83412,103
Right-of-use ("ROU") assets12,13311,666
Equity method investments13,95413,230
Goodwill10,56010,563
Other assets4,3653,921
Total Assets187,196189,562
Current Liabilities:  
Accounts payable10,58010,449
Income tax payable0304
Accrued expenses and other (Note 4)14,64313,133
Current portion of long-term debt22,72138,736
Short-term lease liability1,8321,664
Total Current Liabilities49,77664,286
Long-term debt98,53786,349
Deferred income tax liabilities, net2,5812,417
Long-term lease liability11,01110,771
Other non-current liabilities4747
Total Liabilities161,952163,870
Redeemable non-controlling interest12,83712,710
Commitments and contingencies (Note 16)
Equity:  
Preferred stock, $1.00 par value, 2,000,000 shares authorized00
Common stock, $.25 par value; 4,000,000 shares authorized, 3,026,495 and 3,026,495 shares issued, 2,817,754 and 2,818,374 shares outstanding757757
Treasury stock, 208,741 shares at $19.63 and 208,121 shares at $19.62(4,098)(4,083)
Additional paid-in capital807728
Retained earnings13,28913,686
Accumulated other comprehensive income583816
Total Air T, Inc. Stockholders' Equity11,33811,904
Non-controlling Interests1,0691,078
Total Equity12,40712,982
Total Liabilities and Equity$ 187,196$ 189,562
Nicholas J. Swenson
450
Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, commercial jet engines and parts, and printing equipment and maintenance services in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2021, this segment had 66 aircraft under the dry-lease agreements with FedEx. Its 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. Its 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.