LSE:AIR

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Executive Summary

Air Partner plc provides aircraft charter, aviation safety, and security solutions worldwide. More Details


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has Air Partner's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AIR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.9%

AIR

2.7%

GB Airlines

-1.9%

GB Market


1 Year Return

-35.8%

AIR

-68.4%

GB Airlines

-16.2%

GB Market

Return vs Industry: AIR exceeded the UK Airlines industry which returned -67.3% over the past year.

Return vs Market: AIR underperformed the UK Market which returned -14.8% over the past year.


Shareholder returns

AIRIndustryMarket
7 Day-6.9%2.7%-1.9%
30 Day-23.1%6.8%0.7%
90 Day-33.8%-33.3%-4.8%
1 Year-33.7%-35.8%-48.1%-68.4%-13.0%-16.2%
3 Year-45.2%-51.6%-49.4%-73.7%-9.4%-20.6%
5 Year-3.1%-22.6%-42.2%-71.7%13.5%-12.0%

Price Volatility Vs. Market

How volatile is Air Partner's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Air Partner undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AIR (£0.6) is trading below our estimate of fair value (£16.61)

Significantly Below Fair Value: AIR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AIR is good value based on its PE Ratio (8.6x) compared to the XE Airlines industry average (11.1x).

PE vs Market: AIR is good value based on its PE Ratio (8.6x) compared to the UK market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AIR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AIR's PB Ratio (1.6x) is in line with the GB Airlines industry average.


Next Steps

Future Growth

How is Air Partner forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

74.1%

Forecasted Transportation industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Air Partner has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Air Partner performed over the past 5 years?

-0.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AIR has a large one-off loss of £6.0M impacting its July 31 2020 financial results.

Growing Profit Margin: AIR's current net profit margins (5.4%) are higher than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: AIR's earnings have declined by 0.9% per year over the past 5 years.

Accelerating Growth: AIR's earnings growth over the past year (21.9%) exceeds its 5-year average (-0.9% per year).

Earnings vs Industry: AIR earnings growth over the past year (21.9%) exceeded the Airlines industry -18.4%.


Return on Equity

High ROE: AIR's Return on Equity (17.6%) is considered low.


Next Steps

Financial Health

How is Air Partner's financial position?


Financial Position Analysis

Short Term Liabilities: AIR's short term assets (£46.3M) exceed its short term liabilities (£45.8M).

Long Term Liabilities: AIR's short term assets (£46.3M) exceed its long term liabilities (£5.9M).


Debt to Equity History and Analysis

Debt Level: AIR is debt free.

Reducing Debt: AIR has no debt compared to 5 years ago when its debt to equity ratio was 0.3%.

Debt Coverage: AIR has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: AIR has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Air Partner current dividend yield, its reliability and sustainability?

2.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AIR's dividend (2.65%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).

High Dividend: AIR's dividend (2.65%) is low compared to the top 25% of dividend payers in the UK market (5.32%).


Stability and Growth of Payments

Stable Dividend: AIR's dividend payments have been volatile in the past 10 years.

Growing Dividend: AIR's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.4%), AIR's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure


CEO

Mark Briffa (55 yo)

10.5yrs

Tenure

UK£674,000

Compensation

Mr. Mark A. Briffa has been the Chief Executive Officer of Air Partner PLC since April 01, 2010. Mr. Briffa served as the Managing Director of UK Board at Air Partner PLC since 2006. He served as the Chief ...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD885.75K) is above average for companies of similar size in the UK market ($USD356.15K).

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Mark Briffa
CEO & Executive Director10.5yrsUK£674.00k1.29%
£ 496.6k
Joanne Estell
CFO & Director2.08yrsUK£231.00k0.060%
£ 23.0k
Craig Pattison
Chief People & Technology Officer0.67yrno datano data
Judith Banks
General Counsel & Company Secretaryno datano datano data
Vincent Kavanagh
Senior Vice President of Salesno datano datano data
Tony Whitty
Executive VP of Remarketing & ACMIno datano datano data
Ian Holder
Managing Director of Baines Simmons2.5yrsno datano data
Kevin Macnaughton
Managing Director of Charter1.5yrsno datano data
Jonathan Hinkles
Managing Director of Loganairno datano datano data
Paul Mason
MD of Safety & Securityno datano datano data
David McCown
President of Air Partner Americasno datano datano data

2.1yrs

Average Tenure

52yo

Average Age

Experienced Management: AIR's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mark Briffa
CEO & Executive Director10.5yrsUK£674.00k1.29%
£ 496.6k
Joanne Estell
CFO & Director2.08yrsUK£231.00k0.060%
£ 23.0k
Paul Dollman
Independent Non-Executive Director1.42yrsUK£30.00k0.13%
£ 48.3k
Edmond Warner
Independent Non-Executive Chairman1.5yrsUK£71.00k0.32%
£ 120.8k
Amanda Wills
Senior Independent Director0.42yrUK£39.00k0.0083%
£ 3.2k

1.5yrs

Average Tenure

56yo

Average Age

Experienced Board: AIR's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20.7%.


Top Shareholders

Company Information

Air Partner plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Air Partner plc
  • Ticker: AIR
  • Exchange: LSE
  • Founded: 1961
  • Industry: Airlines
  • Sector: Transportation
  • Market Cap: UK£38.350m
  • Shares outstanding: 63.49m
  • Website: https://www.airpartner.com

Number of Employees


Location

  • Air Partner plc
  • 2 City Place
  • Beehive Ring Road
  • Gatwick
  • West Sussex
  • RH6 0PA
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AIRLSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1992

Biography

Air Partner plc provides aircraft charter, aviation safety, and security solutions worldwide. It operates through four segments: Group Charter, Private Jets, Freight, and Safety & Security. The company pro ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 22:17
End of Day Share Price2020/10/21 00:00
Earnings2020/07/31
Annual Earnings2020/01/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.