Despite reinvesting its capital, Air Transport Services Group hasn't seen increased returns. The stock's decline over the past five years suggests it may not have multi-bagger potential.
Despite strong earnings outlook and faster growth, the company's P/E ratio is below market average, possibly due to potential risks and earnings instability. The significant drop in share price and P/E ratio may reflect market skepticism about the company's future.
The market sentiment towards Air Transport Services Group has not changed much despite the weak results. The continued share price weakness may indicate unresolved challenges. However, some contrarian investors might see this as an opportunity for a potential turnaround.
航空运输服务股票讨论区
新增数据:2023Q1
营收增长3.1%,营业利润受成本和其它费用影响大幅萎缩32%,净利润大幅萎缩60%,从季报来看利润已经连续萎缩4个月。
目前市盈率8.9,市盈率TTM微升到10.3,如果按5年平均净利1.2亿计算,市盈率为12,对于周期股来说估值偏高。
航空运输服务是做货运的公司,2005年上市之后一路跌到了2008年的0.12美元,之后又波动上涨到2022年的34.54美元高点,目前波动到30.49美元。5年来毛利率从14.7%上升到21.6%,净资产收益率从5.1%波动上升到21.3%,看起来不错。
营收除2018年以外上升了4年,营业利润则是连续上升了5年,净利润在2017,2019和2020年均有下滑,尤其是2020年萎缩了48%。2021Q1营收增加29%,环比也有微增,营业利润和净利润分别上升23%和18%,增长很不错。营业利润5年平均增速达到38%。
利润表显示2018年营业利润增长是由于2017年有8千万的出售证券亏损,拉低了基数,2019和2020年其它科目分别亏损了4000万和1.4亿,大头也在证券和股权亏损。2021年其它科目又变为4,522.9万收入,所以看营业利润更加靠谱些。利息费用6500万,占3.2亿营业利润的20%。
5年来资产负债率从74.5%提升至83.7%然后下降到目前的59%。应收账款和存货水平都正常,商誉和无形资产5亿,占净资产1...
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