Air Transport Services Group Inc
Air Transport Services Group, Inc., together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc. (CAM) and ACMI Services. The company offers aircraft, flight crews, aircraft hull and liability insurance, and aviation fuel services; and aircraft main… Read more
Air Transport Services Group Inc (ATSG) - Net Assets
Latest net assets as of December 2024: $1.48 Billion USD
Based on the latest financial reports, Air Transport Services Group Inc (ATSG) has net assets worth $1.48 Billion USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.89 Billion) and total liabilities ($2.41 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.48 Billion |
| % of Total Assets | 38.11% |
| Annual Growth Rate | 8.69% |
| 5-Year Change | 12.22% |
| 10-Year Change | 307.52% |
| Growth Volatility | 50.91 |
Air Transport Services Group Inc - Net Assets Trend (1999–2024)
This chart illustrates how Air Transport Services Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Air Transport Services Group Inc (1999–2024)
The table below shows the annual net assets of Air Transport Services Group Inc from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.48 Billion | +8.42% |
| 2023-12-31 | $1.37 Billion | -3.10% |
| 2022-12-31 | $1.41 Billion | 0.00% |
| 2021-12-31 | $1.41 Billion | +6.82% |
| 2020-12-31 | $1.32 Billion | +54.57% |
| 2019-12-31 | $855.50 Million | +96.02% |
| 2018-12-31 | $436.44 Million | +10.41% |
| 2017-12-31 | $395.28 Million | +19.10% |
| 2016-12-31 | $331.90 Million | -8.86% |
| 2015-12-31 | $364.16 Million | +4.80% |
| 2014-12-31 | $347.49 Million | -5.82% |
| 2013-12-31 | $368.97 Million | +23.30% |
| 2012-12-31 | $299.26 Million | +10.78% |
| 2011-12-31 | $270.15 Million | -10.57% |
| 2010-12-31 | $302.08 Million | +22.80% |
| 2009-12-31 | $245.98 Million | +205.98% |
| 2008-12-31 | $80.39 Million | -59.80% |
| 2007-12-31 | $200.00 Million | +66.38% |
| 2006-12-31 | $120.21 Million | +6.31% |
| 2005-12-31 | $113.08 Million | +28.57% |
| 2004-12-31 | $87.95 Million | +49.91% |
| 2003-12-31 | $58.67 Million | -74.75% |
| 2002-12-31 | $232.32 Million | +3.72% |
| 2001-12-31 | $224.00 Million | +5.71% |
| 2000-12-31 | $211.90 Million | +14.59% |
| 1999-12-31 | $184.92 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Air Transport Services Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 61664300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $616.64 Million | 41.55% |
| Common Stock | $659.00K | 0.04% |
| Other Comprehensive Income | $-49.28 Million | -3.32% |
| Other Components | $915.99 Million | 61.72% |
| Total Equity | $1.48 Billion | 100.00% |
Air Transport Services Group Inc Competitors by Market Cap
The table below lists competitors of Air Transport Services Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oculis Holding AG Ordinary shares
NASDAQ:OCS
|
$1.05 Billion |
|
Seers Technology
KQ:458870
|
$1.05 Billion |
|
Dorian LPG Ltd
NYSE:LPG
|
$1.05 Billion |
|
HC Semitek Corp
SHE:300323
|
$1.05 Billion |
|
Five9 Inc
NASDAQ:FIVN
|
$1.05 Billion |
|
SAGILITY INDIA LIMITED
NSE:SAGILITY
|
$1.05 Billion |
|
Global Health Limited
NSE:MEDANTA
|
$1.05 Billion |
|
Ternium Argentina SA
BA:TXAR
|
$1.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Air Transport Services Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,368,702,000 to 1,484,012,000, a change of 115,310,000 (8.4%).
- Net income of 27,434,000 contributed positively to equity growth.
- Share repurchases of 155,349,000 reduced equity.
- Other comprehensive income increased equity by 8,149,000.
- Other factors increased equity by 235,076,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $27.43 Million | +1.85% |
| Share Repurchases | $155.35 Million | -10.47% |
| Other Comprehensive Income | $8.15 Million | +0.55% |
| Other Changes | $235.08 Million | +15.84% |
| Total Change | $- | 8.42% |
Book Value vs Market Value Analysis
This analysis compares Air Transport Services Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.02x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.11x to 1.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $3.16 | $22.48 | x |
| 2000-12-31 | $3.62 | $22.48 | x |
| 2001-12-31 | $3.83 | $22.48 | x |
| 2002-12-31 | $3.97 | $22.48 | x |
| 2003-12-31 | $1.12 | $22.48 | x |
| 2004-12-31 | $1.51 | $22.48 | x |
| 2005-12-31 | $1.93 | $22.48 | x |
| 2006-12-31 | $2.06 | $22.48 | x |
| 2007-12-31 | $3.41 | $22.48 | x |
| 2008-12-31 | $1.29 | $22.48 | x |
| 2009-12-31 | $3.92 | $22.48 | x |
| 2010-12-31 | $4.72 | $22.48 | x |
| 2011-12-31 | $4.22 | $22.48 | x |
| 2012-12-31 | $4.65 | $22.48 | x |
| 2013-12-31 | $5.77 | $22.48 | x |
| 2014-12-31 | $5.33 | $22.48 | x |
| 2015-12-31 | $5.59 | $22.48 | x |
| 2016-12-31 | $5.27 | $22.48 | x |
| 2017-12-31 | $6.62 | $22.48 | x |
| 2018-12-31 | $6.38 | $22.48 | x |
| 2019-12-31 | $12.34 | $22.48 | x |
| 2020-12-31 | $22.06 | $22.48 | x |
| 2021-12-31 | $18.53 | $22.48 | x |
| 2022-12-31 | $15.99 | $22.48 | x |
| 2023-12-31 | $18.11 | $22.48 | x |
| 2024-12-31 | $22.05 | $22.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Air Transport Services Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.40%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 2.62x
- Recent ROE (1.85%) is above the historical average (-19.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 6.23% | 1.10% | 0.96x | 5.94x | $-6.96 Million |
| 2000 | 12.73% | 2.31% | 0.90x | 6.12x | $5.79 Million |
| 2001 | 5.72% | 1.10% | 0.95x | 5.45x | $-9.58 Million |
| 2002 | 5.72% | 1.13% | 1.00x | 5.05x | $-9.95 Million |
| 2003 | -761.77% | -38.49% | 2.81x | 7.04x | $-452.77 Million |
| 2004 | 42.04% | 3.07% | 2.54x | 5.38x | $28.18 Million |
| 2005 | 26.81% | 2.07% | 2.84x | 4.56x | $19.00 Million |
| 2006 | 74.91% | 7.15% | 1.85x | 5.66x | $78.03 Million |
| 2007 | 9.79% | 1.67% | 1.01x | 5.81x | $-413.30K |
| 2008 | -69.65% | -3.48% | 1.46x | 13.70x | $-64.03 Million |
| 2009 | 14.00% | 4.18% | 0.82x | 4.08x | $9.85 Million |
| 2010 | 13.19% | 5.97% | 0.74x | 2.98x | $9.63 Million |
| 2011 | 8.58% | 3.18% | 0.73x | 3.68x | $-3.82 Million |
| 2012 | 13.66% | 6.73% | 0.59x | 3.46x | $10.95 Million |
| 2013 | -5.32% | -3.38% | 0.56x | 2.80x | $-56.52 Million |
| 2014 | 8.59% | 5.06% | 0.57x | 2.97x | $-4.89 Million |
| 2015 | 11.32% | 6.66% | 0.59x | 2.86x | $4.81 Million |
| 2016 | 7.08% | 3.05% | 0.61x | 3.79x | $-9.70 Million |
| 2017 | 4.68% | 1.73% | 0.69x | 3.92x | $-21.03 Million |
| 2018 | 15.88% | 7.76% | 0.36x | 5.66x | $25.64 Million |
| 2019 | 2.93% | 1.60% | 0.52x | 3.51x | $-60.47 Million |
| 2020 | 17.50% | 13.34% | 0.53x | 2.47x | $99.18 Million |
| 2021 | 16.38% | 13.34% | 0.48x | 2.54x | $90.17 Million |
| 2022 | 14.06% | 9.71% | 0.57x | 2.54x | $57.33 Million |
| 2023 | 4.41% | 2.91% | 0.53x | 2.84x | $-76.54 Million |
| 2024 | 1.85% | 1.40% | 0.50x | 2.62x | $-120.97 Million |
Industry Comparison
This section compares Air Transport Services Group Inc's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $84,221,809,251
- Average return on equity (ROE) among peers: 148.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Air Transport Services Group Inc (ATSG) | $1.48 Billion | 6.23% | 1.62x | $1.05 Billion |
| American Airlines Group (AAL) | $-581.00 Million | 0.00% | 0.00x | $6.80 Billion |
| Air Canada (ACDVF) | $2.59 Billion | 24.86% | 11.05x | $2.83 Billion |
| Grupo Aeroméxico, S.A.B. de C.V. (AERO) | $-730.83 Million | 0.00% | 0.00x | $260.71 Million |
| Air France-KLM SA (AFRAF) | $-5.42 Billion | 0.00% | 0.00x | $1.02 Billion |
| Aegean Airlines S.A (AGZNF) | $277.88 Million | 24.44% | 1.61x | $461.90 Million |
| AirAsia Group Berhad (AIABF) | $935.30 Million | 1390.41% | 6.89x | $418.10 Million |
| Air China Limited (AICAF) | $49.50 Billion | 15.10% | 2.50x | $2.97 Billion |
| Allegiant Travel Company (ALGT) | $401.72 Million | 19.56% | 0.99x | $1.21 Billion |
| Alaska Air Group Inc (ALK) | $340.50 Million | 5.05% | 2.00x | $4.35 Billion |
| ANA Holdings Inc (ALNPF) | $794.90 Billion | 9.83% | 1.80x | $7.63 Billion |