PAMT Corp Dossier
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SectorIndustrials IndustryCargo Ground Transportation Beta (adjusted)1.00 Intrinsic Value Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet. Market Price $11.87Price as of 1 Oct 2026 Data confidenceNot applicable Market Cap $248.6M Enterprise Value $563.2M Shares Outstanding 20.7M diluted Moat Rating None Next Earnings Date27 Oct 2026 Last ex-dividend13 Dec 2012 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary PAMT CORP (formerly P.A.M. Transportation Services, Inc.) is navigating a prolonged and challenging freight recession characterized by soft demand and depressed rates per mile. While Q1 2026 operating revenues declined 8.7% year-over-year to $141.9 million, the company successfully narrowed its net loss to near-breakeven ($10,000) due to a non-recurring $12.7 million gain on a property sale in Laredo. Operating efficiency is showing signs of stabilization, with the truckload operating ratio improving to 103.0% (from 110.9% in Q1 2025) and the logistics operating ratio improving to 95.4%. However, underlying cash flow remains pressured, with negative operating cash flow of $2.7 million in Q1 2026. Given the lack of near-term cyclical catalysts and ongoing margin pressure, a Hold recommendation is warranted until structural freight rate recovery materializes. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 20 Jun 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario The freight recession deepens or extends well into 2027, leading to further rate erosion and underutilized capacity. Operating losses widen, and cash burn accelerates, forcing the company to take on additional debt or curtail its capital expenditure plans for fleet modernization. Base CaseCentral scenario The freight market remains soft through the remainder of 2026, with gradual rate stabilization. PAMT CORP continues to optimize its fleet size and cost structure, keeping its truckload operating ratio near breakeven. Non-operating gains and asset sales provide temporary liquidity support, while the company selectively executes share repurchases under its remaining authorization. Bull CaseUpside scenario PAMT Corp's aggressive capital expenditures and investments in new fleet equipment are driving capacity growth, reducing maintenance and repair costs, and boosting free cash flow. Additionally, the company's active share repurchase program and insider buying signal strong management confidence in its long-term recovery and intrinsic value. Scenarios reflect our research view at the research date. Key Investment Merits
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Thesis Invalidation Triggers
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |