autoinfo logo

AutoInfo Inc.

Introduction:

AutoInfo, Inc. (PINK:AUTO), operating through its Sunteck subsidiary, is a non-asset based supply chain logistics company. The Company’s services include ground transportation coast to coast, warehouse services, air freight, rail freight, and ocean freight. The company provides transportation capacity and related transportation services to shippers in the United States and Canada.

Stock Snapshot:

The stock for AutoInfo, Inc. (PINK:AUTO) stood at USD 0.79 representing a market capitalization of USD 26.97 million. Over the last year, the stock has traded between a range of USD 0.55 and USD 0.95. The stock has witnessed an average volume of 10,165 shares over the last three months. The stock has been trading at a P/E ratio of 7.18, a P/S ratio of 0.09, and a P/B ratio of 1.01. The stock has total shares outstanding amounting to 34.14 million, with a float of 10.24 million.

Competitor Analysis:

Stagecoach Group plc (LON:SGC), together with its subsidiaries, provides public transport services in the United Kingdom, the United States, and Canada. It provides bus, coach, train, and tram services. The stock stood at GBP 270.7,  with a total market capitalization of GBP 1.55 billion. The stock has been trading at a P/E ratio of 930.24 and a P/S ratio of 59.86.

FirstGroup plc (LON:FGP) provides passenger transport services primarily in the United Kingdom and North America. The stock for the company stood at GBP 191.7, with a total market capitalization of GBP 923.3 million. The stock has been trading at a P/E ratio of 473.33, a P/B ratio of 105.22, and a P/S ratio of 13.53.

Financial Analysis:

Revenue:

For 6MFY12, the company reported gross revenue of USD 130.9 million, compared to USD 116.9  million for the corresponding period last year; representing a YoY increase of 12%. The company reported diluted earnings per share of USD 1.11 in 9MFY12 compared to USD 0.78 in 9MFY11. The company reported net interest margin of 3.95% as compared to 3.85% for the corresponding period last year.

Gross revenues from transportation services was recorded at USD 130.5 million for 6MFY12, as compared to USD 116.8 million for the corresponding period last year, representing a YoY increase of 11.7% . The increase was mainly due to expansion and growth of the company’s agent network.

Gross revenue from  agent support services segment of USD .47 million for 6MFY12. For 6MFY11 the  gross revenues for the company’s agent support services segment of USD.07 million, which consisted primarily of interest income earned on loans.

Cost of Purchased transportation:

For 6MFY12, purchased transportation totaled USD 105.06 million, as compared with purchased transportation of USD 94.5million in the corresponding period last year; a YoY increase of 11%.  This is the direct result of the 12% increase in gross revenues from transportation services realized.

Cost of Purchased equipment for resale:

During 4QFY2011, the Company introduced a sales-type lease program for the owner-operators to facilitate the acquisition of trucks through its newly acquired truck agent business. This resulted in gross revenues for 6MFY12 of USD.47 million, including the gain on the sale and interest income. The cost of this equipment was USD.28 million for the 6MFY12.

Profitability:

For 6MFY12, the company reported net income of USD 1.9 million, as compared to USD 1.5 million for the corresponding period last year; resulting in a YoY increase of approximately 26%. The company reported basic earnings per share of USD .06 per share as compared to USD.05 for the corresponding period last year.

Financial Position:

As of 30th June 2012, the company reported cash balance of .131 million as of 30th June 2012. The company had a total debt of USD 11.82 million resulting in debt to equity ratio of 44.03. The company had book value per share of USD 0.79.

Factors to Watch Out For:

  • Financial results reflecting continued growth and financial strength!
  • Lower relative valuation measures!