PAM Transportation Services Inc
P.A.M. Transportation Services, Inc., through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company operates a truckload dry van carrier that transports general commodities, such as automotive parts; expedited goods; consumer goods, such as general retail store merchandise; and manufactured goods, including heating and… Read more
PAM Transportation Services Inc (PTSI) - Net Assets
Latest net assets as of September 2024: $308.91 Million USD
Based on the latest financial reports, PAM Transportation Services Inc (PTSI) has net assets worth $308.91 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($756.74 Million) and total liabilities ($447.83 Million). 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 | $308.91 Million |
| % of Total Assets | 40.82% |
| Annual Growth Rate | 13.02% |
| 5-Year Change | 134.53% |
| 10-Year Change | 214.26% |
| Growth Volatility | 84.58 |
PAM Transportation Services Inc - Net Assets Trend (1985–2023)
This chart illustrates how PAM Transportation Services 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 PAM Transportation Services Inc (1985–2023)
The table below shows the annual net assets of PAM Transportation Services Inc from 1985 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $314.22 Million | +4.67% |
| 2022-12-31 | $300.18 Million | +38.90% |
| 2021-12-31 | $216.11 Million | +44.09% |
| 2020-12-31 | $149.98 Million | +11.95% |
| 2019-12-31 | $133.97 Million | -3.92% |
| 2018-12-31 | $139.45 Million | +9.28% |
| 2017-12-31 | $127.60 Million | +35.52% |
| 2016-12-31 | $94.16 Million | -7.28% |
| 2015-12-31 | $101.55 Million | +1.57% |
| 2014-12-31 | $99.98 Million | -13.77% |
| 2013-12-31 | $115.95 Million | -5.11% |
| 2012-12-31 | $122.19 Million | -11.12% |
| 2011-12-31 | $137.48 Million | -7.08% |
| 2010-12-31 | $147.95 Million | +0.56% |
| 2009-12-31 | $147.13 Million | -5.37% |
| 2008-12-31 | $155.48 Million | -13.32% |
| 2007-12-31 | $179.38 Million | -3.05% |
| 2006-12-31 | $185.03 Million | +12.30% |
| 2005-12-31 | $164.76 Million | -2.24% |
| 2004-12-31 | $168.54 Million | +7.44% |
| 2003-12-31 | $156.88 Million | +8.60% |
| 2002-12-31 | $144.45 Million | +98.98% |
| 2001-12-31 | $72.60 Million | +16.70% |
| 2000-12-31 | $62.21 Million | +16.57% |
| 1999-12-31 | $53.37 Million | +28.72% |
| 1998-12-31 | $41.46 Million | +25.01% |
| 1997-12-31 | $33.16 Million | +26.03% |
| 1996-12-31 | $26.31 Million | +44.32% |
| 1995-12-31 | $18.23 Million | +39.88% |
| 1994-12-31 | $13.03 Million | -4.16% |
| 1993-12-31 | $13.60 Million | +32.04% |
| 1992-12-31 | $10.30 Million | +19.77% |
| 1991-12-31 | $8.60 Million | +10.26% |
| 1990-12-31 | $7.80 Million | -41.79% |
| 1989-12-31 | $13.40 Million | -33.66% |
| 1988-12-31 | $20.20 Million | -4.27% |
| 1987-12-31 | $21.10 Million | +14.05% |
| 1986-12-31 | $18.50 Million | +516.67% |
| 1985-12-31 | $3.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PAM Transportation Services 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 9620.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $281.90 Million | 89.72% |
| Common Stock | $223.00K | 0.07% |
| Other Components | $32.09 Million | 10.21% |
| Total Equity | $314.22 Million | 100.00% |
PAM Transportation Services Inc Competitors by Market Cap
The table below lists competitors of PAM Transportation Services Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fortitude Gold Corp
OTCQB:FTCO
|
$122.88 Million |
|
Tethys Oil AB
LSE:0A1V
|
$122.95 Million |
|
Mediwound Ltd
NASDAQ:MDWD
|
$123.00 Million |
|
GLARNER KANTONALB.NA.SF10
F:GLR
|
$123.03 Million |
|
IQE PLC
PINK:IQEPF
|
$122.86 Million |
|
Golden Flower Tbk PT
JK:POLU
|
$122.86 Million |
|
Comefly Outdoor Co Ltd
SHG:603908
|
$122.85 Million |
|
Zhejiang Liming Intelligent Manufacturing Co Ltd
SHG:603048
|
$122.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PAM Transportation Services Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 300,183,000 to 314,216,000, a change of 14,033,000 (4.7%).
- Net income of 18,416,000 contributed positively to equity growth.
- Share repurchases of 4,736,000 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $18.42 Million | +5.86% |
| Share Repurchases | $4.74 Million | -1.51% |
| Other Changes | $353.00K | +0.11% |
| Total Change | $- | 4.67% |
Book Value vs Market Value Analysis
This analysis compares PAM Transportation Services 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: 1.54x
- 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 80.74x to 1.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.27 | $21.80 | x |
| 1986-12-31 | $1.23 | $21.80 | x |
| 1987-12-31 | $1.08 | $21.80 | x |
| 1988-12-31 | $1.01 | $21.80 | x |
| 1989-12-31 | $0.69 | $21.80 | x |
| 1990-12-31 | $0.40 | $21.80 | x |
| 1991-12-31 | $0.44 | $21.80 | x |
| 1992-12-31 | $0.42 | $21.80 | x |
| 1993-12-31 | $0.49 | $21.80 | x |
| 1994-12-31 | $0.43 | $21.80 | x |
| 1995-12-31 | $0.59 | $21.80 | x |
| 1996-12-31 | $0.86 | $21.80 | x |
| 1997-12-31 | $1.00 | $21.80 | x |
| 1998-12-31 | $1.23 | $21.80 | x |
| 1999-12-31 | $1.57 | $21.80 | x |
| 2000-12-31 | $1.83 | $21.80 | x |
| 2001-12-31 | $2.12 | $21.80 | x |
| 2002-12-31 | $3.37 | $21.80 | x |
| 2003-12-31 | $3.46 | $21.80 | x |
| 2004-12-31 | $3.72 | $21.80 | x |
| 2005-12-31 | $3.75 | $21.80 | x |
| 2006-12-31 | $4.49 | $21.80 | x |
| 2007-12-31 | $4.38 | $21.80 | x |
| 2008-12-31 | $4.01 | $21.80 | x |
| 2009-12-31 | $3.91 | $21.80 | x |
| 2010-12-31 | $3.93 | $21.80 | x |
| 2011-12-31 | $3.80 | $21.80 | x |
| 2012-12-31 | $3.51 | $21.80 | x |
| 2013-12-31 | $3.34 | $21.80 | x |
| 2014-12-31 | $3.11 | $21.80 | x |
| 2015-12-31 | $3.47 | $21.80 | x |
| 2016-12-31 | $3.54 | $21.80 | x |
| 2017-12-31 | $4.99 | $21.80 | x |
| 2018-12-31 | $5.66 | $21.80 | x |
| 2019-12-31 | $5.70 | $21.80 | x |
| 2020-12-31 | $6.50 | $21.80 | x |
| 2021-12-31 | $9.45 | $21.80 | x |
| 2022-12-31 | $13.38 | $21.80 | x |
| 2023-12-31 | $14.16 | $21.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PAM Transportation Services 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): 5.86%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.27%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 2.42x
- Recent ROE (5.86%) is below the historical average (8.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 50.00% | 7.65% | 1.20x | 5.43x | $1.20 Million |
| 1986 | 14.05% | 6.13% | 1.00x | 2.28x | $750.00K |
| 1987 | 11.37% | 3.49% | 1.01x | 3.22x | $290.00K |
| 1988 | -4.46% | -1.19% | 1.21x | 3.11x | $-2.92 Million |
| 1989 | -50.75% | -9.70% | 1.47x | 3.57x | $-8.14 Million |
| 1990 | -67.95% | -9.22% | 1.60x | 4.62x | $-6.08 Million |
| 1991 | -30.23% | -3.96% | 2.25x | 3.40x | $-3.46 Million |
| 1992 | 17.48% | 2.70% | 2.17x | 2.98x | $770.00K |
| 1993 | 22.79% | 4.42% | 1.25x | 4.13x | $1.74 Million |
| 1994 | 28.70% | 4.91% | 1.17x | 5.01x | $2.44 Million |
| 1995 | 27.50% | 5.47% | 1.06x | 4.76x | $3.19 Million |
| 1996 | 12.59% | 2.93% | 1.19x | 3.61x | $680.80K |
| 1997 | 19.00% | 4.95% | 1.26x | 3.04x | $2.98 Million |
| 1998 | 19.47% | 5.64% | 1.13x | 3.05x | $3.93 Million |
| 1999 | 21.12% | 5.43% | 1.23x | 3.17x | $5.93 Million |
| 2000 | 13.92% | 4.22% | 1.25x | 2.64x | $2.44 Million |
| 2001 | 13.87% | 4.46% | 1.24x | 2.51x | $2.81 Million |
| 2002 | 11.49% | 6.28% | 1.16x | 1.58x | $2.15 Million |
| 2003 | 7.32% | 3.91% | 1.11x | 1.69x | $-4.20 Million |
| 2004 | 6.28% | 3.26% | 1.14x | 1.69x | $-6.27 Million |
| 2005 | 7.97% | 3.64% | 1.23x | 1.78x | $-3.34 Million |
| 2006 | 9.71% | 4.49% | 1.27x | 1.70x | $-538.80K |
| 2007 | 1.48% | 0.65% | 1.28x | 1.78x | $-15.28 Million |
| 2008 | -12.07% | -4.61% | 1.40x | 1.87x | $-34.31 Million |
| 2009 | -7.37% | -3.72% | 1.12x | 1.77x | $-25.56 Million |
| 2010 | -0.44% | -0.20% | 1.26x | 1.79x | $-15.45 Million |
| 2011 | -2.08% | -0.80% | 1.29x | 2.03x | $-16.60 Million |
| 2012 | 1.78% | 0.57% | 1.20x | 2.60x | $-10.04 Million |
| 2013 | 5.10% | 1.47% | 1.22x | 2.84x | $-5.68 Million |
| 2014 | 13.49% | 3.28% | 1.27x | 3.25x | $3.49 Million |
| 2015 | 21.11% | 5.14% | 1.16x | 3.53x | $11.28 Million |
| 2016 | 11.79% | 2.56% | 1.14x | 4.04x | $1.69 Million |
| 2017 | 30.48% | 8.88% | 1.12x | 3.07x | $26.14 Million |
| 2018 | 17.21% | 4.50% | 1.14x | 3.34x | $10.05 Million |
| 2019 | 5.90% | 1.54% | 1.03x | 3.72x | $-5.50 Million |
| 2020 | 11.89% | 3.66% | 0.84x | 3.86x | $2.83 Million |
| 2021 | 35.41% | 10.82% | 1.20x | 2.72x | $54.91 Million |
| 2022 | 30.21% | 9.58% | 1.26x | 2.50x | $60.65 Million |
| 2023 | 5.86% | 2.27% | 1.07x | 2.42x | $-13.01 Million |
Industry Comparison
This section compares PAM Transportation Services Inc's net assets metrics with peer companies in the Trucking industry.
Industry Context
- Industry: Trucking
- Average net assets among peers: $275,826,894
- Average return on equity (ROE) among peers: -61.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PAM Transportation Services Inc (PTSI) | $308.91 Million | 50.00% | 1.45x | $122.87 Million |
| ArcBest Corp (ARCB) | $233.70 Million | 8.69% | 0.92x | $1.91 Billion |
| BEST Inc (BEST) | $1.72 Billion | -97.58% | 10.50x | $56.09 Million |
| Celadon Group Inc (CGIP) | $53.94 Million | 3.17% | 2.52x | $2.72K |
| Covenant Logistics Group, Inc. (CVLG) | $167.82 Million | 7.08% | 1.33x | $369.23 Million |
| Elite Express Holding Inc. Class A Common Stock (ETS) | $39.96K | -521.47% | 17.10x | $2.77 Million |
| EVO Transportation & Energy Services Inc (EVOA) | $-153.04K | 0.00% | 0.00x | $37.78 Million |
| Knight Transportation Inc (KNX) | $352.93 Million | 17.49% | 0.37x | $8.35 Billion |
| Link Reservations Inc (LRSV) | $-162.49K | 0.00% | 0.00x | $9.94 |
| Mogul Energy International Inc (MGUY) | $1.22 Million | -49.02% | 0.33x | $61.05K |
| Mullen Group Ltd (MLLGF) | $224.33 Million | 14.45% | 0.70x | $744.68 Million |