Air Transport Services Stock Z Score

ATSG Stock

USD 22.26 0.01 0.04%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Air Transport Piotroski F Score and Air Transport Valuation analysis.

At this time, Air Transport's Change In Working Capital is most likely to increase significantly in the upcoming years. The Air Transport's current Long Term Debt To Capitalization is estimated to increase to 0.64, while Net Invested Capital is projected to decrease to roughly 2.5 B. At this time, Air Transport's EBIT is most likely to increase significantly in the upcoming years. The Air Transport's current EBITDA is estimated to increase to about 613 M, while Gross Profit is projected to decrease to roughly 170.9 M.

Air Transport Services Company Z Score Analysis

Air Transport's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Air Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Air Transport is extremely important. It helps to project a fair market value of Air Stock properly, considering its historical fundamentals such as Z Score. Since Air Transport's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Air Transport's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Air Transport's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Total Liab	Retained Earnings	Accounts Payable	Long Term Debt	Common Stock	Property Plant Equipment	Net Debt	Net Receivables	Total Current Assets	Short Term Debt	Intangible Assets	Current Deferred Revenue	Good Will	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Long Term Investments	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.97	0.99	0.93	0.99	0.98	0.43	0.99	0.99	0.95	0.85	0.74	0.84	0.61	0.94	0.47	0.89	0.78	-0.83	0.23	0.95	-0.21	0.81
Total Stockholder Equity	0.97		0.91	0.93	0.96	0.91	0.52	0.96	0.92	0.94	0.86	0.69	0.74	0.57	0.86	0.58	0.82	0.87	-0.8	0.14	0.94	-0.18	0.85
Total Liab	0.99	0.91		0.89	0.97	0.98	0.35	0.98	0.99	0.92	0.81	0.75	0.87	0.62	0.95	0.38	0.9	0.7	-0.81	0.27	0.92	-0.23	0.76
Retained Earnings	0.93	0.93	0.89		0.94	0.84	0.21	0.96	0.86	0.86	0.76	0.77	0.65	0.41	0.85	0.67	0.74	0.85	-0.74	0.26	0.91	-0.2	0.87
Accounts Payable	0.99	0.96	0.97	0.94		0.95	0.4	0.99	0.96	0.93	0.81	0.8	0.76	0.57	0.89	0.54	0.84	0.78	-0.82	0.31	0.93	-0.29	0.81
Long Term Debt	0.98	0.91	0.98	0.84	0.95		0.47	0.95	0.99	0.93	0.83	0.72	0.89	0.66	0.94	0.32	0.91	0.69	-0.81	0.27	0.92	-0.23	0.71
Common Stock	0.43	0.52	0.35	0.21	0.4	0.47		0.35	0.46	0.55	0.55	0.21	0.35	0.28	0.26	0.27	0.41	0.45	-0.41	-0.01	0.45	-0.01	0.41
Property Plant Equipment	0.99	0.96	0.98	0.96	0.99	0.95	0.35		0.96	0.94	0.83	0.78	0.79	0.55	0.92	0.54	0.85	0.8	-0.82	0.24	0.95	-0.19	0.84
Net Debt	0.99	0.92	0.99	0.86	0.96	0.99	0.46	0.96		0.93	0.84	0.73	0.88	0.63	0.94	0.38	0.9	0.71	-0.81	0.26	0.93	-0.21	0.76
Net Receivables	0.95	0.94	0.92	0.86	0.93	0.93	0.55	0.94	0.93		0.9	0.63	0.8	0.55	0.86	0.47	0.87	0.78	-0.81	0.06	0.92	0.02	0.8
Total Current Assets	0.85	0.86	0.81	0.76	0.81	0.83	0.55	0.83	0.84	0.9		0.39	0.81	0.63	0.82	0.32	0.93	0.86	-0.7	-0.15	0.91	0.13	0.74
Short Term Debt	0.74	0.69	0.75	0.77	0.8	0.72	0.21	0.78	0.73	0.63	0.39		0.39	0.24	0.6	0.66	0.48	0.53	-0.62	0.75	0.71	-0.55	0.65
Intangible Assets	0.84	0.74	0.87	0.65	0.76	0.89	0.35	0.79	0.88	0.8	0.81	0.39		0.73	0.94	-0.05	0.94	0.53	-0.66	-0.03	0.79	0.02	0.51
Current Deferred Revenue	0.61	0.57	0.62	0.41	0.57	0.66	0.28	0.55	0.63	0.55	0.63	0.24	0.73		0.66	-0.21	0.77	0.38	-0.62	-0.04	0.59	-0.23	0.19
Good Will	0.94	0.86	0.95	0.85	0.89	0.94	0.26	0.92	0.94	0.86	0.82	0.6	0.94	0.66		0.22	0.93	0.69	-0.71	0.12	0.9	-0.1	0.68
Net Tangible Assets	0.47	0.58	0.38	0.67	0.54	0.32	0.27	0.54	0.38	0.47	0.32	0.66	-0.05	-0.21	0.22		0.12	0.66	-0.38	0.32	0.5	-0.17	0.78
Long Term Debt Total	0.89	0.82	0.9	0.74	0.84	0.91	0.41	0.85	0.9	0.87	0.93	0.48	0.94	0.77	0.93	0.12		0.72	-0.73	0.01	0.91	-0.02	0.61
Capital Surpluse	0.78	0.87	0.7	0.85	0.78	0.69	0.45	0.8	0.71	0.78	0.86	0.53	0.53	0.38	0.69	0.66	0.72		-0.59	0.04	0.9	-0.05	0.86
Long Term Investments	-0.83	-0.8	-0.81	-0.74	-0.82	-0.81	-0.41	-0.82	-0.81	-0.81	-0.7	-0.62	-0.66	-0.62	-0.71	-0.38	-0.73	-0.59		-0.2	-0.76	0.21	-0.65
Short Long Term Debt	0.23	0.14	0.27	0.26	0.31	0.27	-0.01	0.24	0.26	0.06	-0.15	0.75	-0.03	-0.04	0.12	0.32	0.01	0.04	-0.2		0.2	-0.8	0.09
Net Invested Capital	0.95	0.94	0.92	0.91	0.93	0.92	0.45	0.95	0.93	0.92	0.91	0.71	0.79	0.59	0.9	0.5	0.91	0.9	-0.76	0.2		-0.15	0.83
Net Working Capital	-0.21	-0.18	-0.23	-0.2	-0.29	-0.23	-0.01	-0.19	-0.21	0.02	0.13	-0.55	0.02	-0.23	-0.1	-0.17	-0.02	-0.05	0.21	-0.8	-0.15		0.02
Capital Stock	0.81	0.85	0.76	0.87	0.81	0.71	0.41	0.84	0.76	0.8	0.74	0.65	0.51	0.19	0.68	0.78	0.61	0.86	-0.65	0.09	0.83	0.02

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Air Transport

In accordance with the company's disclosures, Air Transport Services has a Z Score of 0.0. This is 100.0% lower than that of the Air Freight & Logistics sector and 100.0% lower than that of the Industrials industry. The z score for all United States stocks is 100.0% higher than that of the company.

Air Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Air Transport's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Air Transport could also be used in its relative valuation, which is a method of valuing Air Transport by comparing valuation metrics of similar companies.

Air Transport is currently under evaluation in z score category among its peers.

Air Transport ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Air Transport's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Air Transport's managers, analysts, and investors.

Environmental

Governance

Social

Air Transport Institutional Holders

Institutional Holdings refers to the ownership stake in Air Transport that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Air Transport's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Air Transport's value.

		Shares
State Street Corp	2024-09-30	1.3 M
Geode Capital Management, Llc	2024-09-30	1.2 M
Anchor Capital Management Llc	2024-09-30	1.2 M
D. E. Shaw & Co Lp	2024-09-30	925.7 K
Thompson, Siegel & Walmsley Llc	2024-09-30	772.4 K
Charles Schwab Investment Management Inc	2024-09-30	741.1 K
Arrowstreet Capital Limited Partnership	2024-09-30	688.1 K
Arnhold & S. Bleichroeder Advisers, Llc	2024-09-30	523.6 K
Bridgeway Capital Management, Llc	2024-09-30	495.4 K
Amazon.com Inc	2024-09-30	12.7 M
River Road Asset Management, Llc	2024-09-30	7.2 M

Air Fundamentals

	Return On Equity	-0.002
	Return On Asset	0.0149
	Profit Margin	(0) %
	Operating Margin	0.04 %
	Current Valuation	3.05 B
	Shares Outstanding	65.89 M
	Shares Owned By Insiders	22.41 %
	Shares Owned By Institutions	69.06 %
	Number Of Shares Shorted	2.09 M
	Price To Earning	11.64 X
	Price To Book	1.00 X
	Price To Sales	0.75 X
	Revenue	2.07 B
	Gross Profit	676.66 M
	EBITDA	507.65 M
	Net Income	59.75 M
	Cash And Equivalents	54.49 M
	Cash Per Share	0.75 X
	Total Debt	1.82 B
	Debt To Equity	0.98 %
	Current Ratio	1.22 X
	Book Value Per Share	22.48 X
	Cash Flow From Operations	654.08 M
	Short Ratio	1.84 X
	Earnings Per Share	(0.01) X
	Price To Earnings To Growth	56.16 X
	Target Price	22.5
	Number Of Employees	5.09 K
	Beta	0.81
	Market Capitalization	1.47 B
	Total Asset	3.88 B
	Retained Earnings	589.21 M
	Working Capital	(54.49 M)
	Current Asset	101.31 M
	Current Liabilities	126.68 M
	Net Asset	3.88 B

About Air Transport Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Air Transport Services's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Air Transport using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Air Transport Services based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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When determining whether Air Transport Services is a strong investment it is important to analyze Air Transport's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Air Transport's future performance. For an informed investment choice regarding Air Stock, refer to the following important reports:

How To Invest In Air

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Is Air Stock a good investment?

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What is Air Transport's Net Worth?

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Largest Air Freight & Logistics Companies

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Largest Transportation Companies

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Check out Air Transport Piotroski F Score and Air Transport Valuation analysis.

You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Is Air Freight & Logistics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Air Transport. If investors know Air will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Air Transport listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.77)

Earnings Share

(0.01)

Revenue Per Share

30.203

Quarterly Revenue Growth

(0.1)

Return On Assets

0.0149

The market value of Air Transport Services is measured differently than its book value, which is the value of Air that is recorded on the company's balance sheet. Investors also form their own opinion of Air Transport's value that differs from its market value or its book value, called intrinsic value, which is Air Transport's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Air Transport's market value can be influenced by many factors that don't directly affect Air Transport's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Air Transport's value and its price as these two are different measures arrived at by different means. Investors typically determine if Air Transport is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air Transport's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Air Transport Services Stock Z Score

Air Transport Services Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Air Z Score Driver Correlations

Air Z Score Peer Comparison

Air Transport ESG Sustainability

Air Transport Institutional Holders

Air Fundamentals

About Air Transport Fundamental Analysis

Currently Active Assets on Macroaxis

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