Undervalued Transportation Stocks on NYS January 2024

January 14, 2024

Transportation

Companies in the Transportation industry include airports and air services, airlines, railroads, marine shipping, trucking and integrated freight management and logistics.

New York Stock Exchange

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Our Valuation

A stock is considered undervalued if it trades at a discount to our valuation. To determine a stock’s intrinsic value, we developed an algorithm that uses 6 valuation models to determine the value of a company.* To learn more about stockcalc’s valuation methods, click here.

Undervalued Transportation stocks

Stocks in this category are traded through the economic cycles primarily for capital appreciation. Large cap stocks in this space are also held for income.

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SymbolNameClose Price ($)Valuation ($)Difference (%)Average Vol (30D)Market Cap ($M)Yield (%)P/E Ratio
ECO Okeanis Eco Tankers 27.00 56.93 110.86 50808 869 17.48 5.3
AZUL Azul 8.71 17.95 106.07 1185319 1011 0.00 0.0
NMM Navios Maritime Partners 28.62 54.94 91.98 117074 864 0.69 2.1
VLRS Controladora Vuela 8.80 13.90 57.96 494960 1026 0.00 0.0
SAVE Spirit Airlines 15.18 23.95 57.77 3562128 1657 0.00 0.0
KNOP KNOT Offshore Partners 6.00 9.14 52.40 178747 204 1.73 0.0
SRFM Surf Air Mobility 1.35 1.82 34.74 169415 74 0.00 0.0
SMHI Seacor Marine Hldgs 10.97 12.97 18.22 123685 298 0.00 0.0
CMRE Costamare 10.76 12.33 14.59 577334 1271 4.28 2.9
ZIM ZIM Integrated Shipping 13.72 15.45 12.63 11719114 1649 47.55 0.0
All data provided as at market close January 11, 2024.

Company Details

Okeanis Eco Tankers

ECO:NYS

Close Price

27.00

Our Valuation

56.93

% Difference

110.86

Market Cap ($M)

869

P/E Ratio

5.3

Okeanis Eco Tankers Corp owns and operates tanker vessels in Greece. The business of the company is to own, charter out, and operate tanker vessels. The company owns, through its vessel-owning subsidiaries, a fleet of around seven tanker vessels and has around eight tanker vessels on order. The sailing fleet consists of around six modern Suezmax tankers, and eight VLCC tankers.

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Azul

AZUL:NYS

Close Price

8.71

Our Valuation

17.95

% Difference

106.07

Market Cap ($M)

1011

P/E Ratio

0.0

Azul SA is involved in the operation of regular and non-regular airline passenger services, cargo or mail, passenger charter, provision of maintenance and hangarage services for aircraft, engines, parts and pieces, aircraft acquisition and lease, development of frequent-flyer programs, development of related activities and equity holding in other companies.

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NMM:NYS

Close Price

28.62

Our Valuation

54.94

% Difference

91.98

Market Cap ($M)

864

P/E Ratio

2.1

Navios Maritime Partners LP is a seaborne shipping company. It owns and operates dry cargo and container vessels with the primary long-term and staggered expiration charters. The firm's fleet consists of Ultra- Handymax, Panamax, Capsize, and Container vessels and categorized in Drybulk and Container vessels. It earns revenue through chartering of vessels, voyage contracts. Geographically, it generates majority revenue from Asia.

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Controladora Vuela

VLRS:NYS

Close Price

8.80

Our Valuation

13.90

% Difference

57.96

Market Cap ($M)

1026

P/E Ratio

0.0

Controladora Vuela Compania de Aviacion SAB de CV is a low-cost airline flying to Mexico, the United States, Central and South America. It currently operates up to 500 average daily flight segments on routes that connect 44 cities in Mexico as well as 22 cities in the United States, four in Central America and two in South America. It uses promotional fares to stimulate demand and the base fares are priced to compete with long-distance bus fares in Mexico.

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Spirit Airlines

SAVE:NYS

Close Price

15.18

Our Valuation

23.95

% Difference

57.77

Market Cap ($M)

1657

P/E Ratio

0.0

Spirit Airlines Inc serves the United States, Latin America, and Caribbean as an airline operator. It primarily offers customers unbundled base fares to strip out any unneeded travel amenities. If needed, a customer can elect for additional options at an extra charge. Flight crews are entirely interchangeable across all aircraft, and maintenance and other support services are simplified due to not having an overly complex fleet.

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KNOT Offshore Partners

KNOP:NYS

Close Price

6.00

Our Valuation

9.14

% Difference

52.40

Market Cap ($M)

204

P/E Ratio

0.0

KNOT Offshore Partners LP owns, operates, and shuttles tankers under long-term charters in the North Sea and Brazil. The company provides crude oil loading, transportation, and storage services under time charters and bareboat charters. The Partnership is formed for acquiring ownership interests in over four shuttle tankers owned by Knutsen NYK Offshore Tankers AS (KNOT). It operates through the shuttle tanker market segment.

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Surf Air Mobility

SRFM:NYS

Close Price

1.35

Our Valuation

1.82

% Difference

34.74

Market Cap ($M)

74

P/E Ratio

0.0

Surf Air Mobility Inc provides a regional air mobility platform with scheduled routes and on demand charter flights operated by third-party Part 135 charter operators. It generates revenue through the sale of membership products, non-member single seats, or flight products for both scheduled and on-demand flights.

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Seacor Marine Hldgs

SMHI:NYS

Close Price

10.97

Our Valuation

12.97

% Difference

18.22

Market Cap ($M)

298

P/E Ratio

0.0

Seacor Marine Holdings Inc provides global marine and support transportation services to offshore energy facilities worldwide.

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Costamare

CMRE:NYS

Close Price

10.76

Our Valuation

12.33

% Difference

14.59

Market Cap ($M)

1271

P/E Ratio

2.9

Costamare Inc is an international owner and operator of containerships and dry bulk vessels. The company charter its containerships to the liner companies, providing transportation of containerized cargoes. It charter its dry bulk vessels to a wide variety of customers, providing transportation for dry bulk cargoes. The company's fleet of vessels includes Cosco Guangzhou, Cosco Ningbo, Cosco Yantian, Vantage, Valor, Valiant, Maersk Kobe, and among others.

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ZIM Integrated Shipping

ZIM:NYS

Close Price

13.72

Our Valuation

15.45

% Difference

12.63

Market Cap ($M)

1649

P/E Ratio

0.0

ZIM Integrated Shipping Services Ltd is an asset-light container liner shipping company. It offers tailored services, including land transportation and logistical services, specialized shipping solutions, including the transportation of out-of-gauge cargo, refrigerated cargo, and dangerous and hazardous cargo. Its services include Cargo Services, Digital Services, Schedules, and Shipping Trades and Lines. Geographically, it derives a majority of revenue from the Pacific.

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Okeanis Eco Tankers and Azul are the most undervalued Transportation stocks on the NYS. See the full list on the blog: https://www.stockcalc.com/Blog/undervalued-transportation-stocks-nys-january-2024
Okeanis Eco Tankers $ECO and Azul $AZUL are the most undervalued Transportation stocks on the #NYS. See the full list: https://www.stockcalc.com/Blog/undervalued-transportation-stocks-nys-january-2024
Okeanis Eco Tankers and Azul are the most undervalued Transportation stocks on the NYS. See the full list on the blog: https://www.stockcalc.com/Blog/undervalued-transportation-stocks-nys-january-2024

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