LSE:AIR

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Executive Summary

Air Partner plc provides aviation charter, consulting, and training services worldwide.


Snowflake Analysis

Mediocre balance sheet and slightly overvalued.


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

12.9%

AIR

18.8%

GB Airlines

2.5%

GB Market


1 Year Return

-16.5%

AIR

-31.1%

GB Airlines

-12.4%

GB Market

Return vs Industry: AIR exceeded the UK Airlines industry which returned -30.1% over the past year.

Return vs Market: AIR underperformed the UK Market which returned -12.2% over the past year.


Shareholder returns

AIRIndustryMarket
7 Day12.9%18.8%2.5%
30 Day101.8%7.2%2.8%
90 Day10.3%-38.2%-7.2%
1 Year-11.3%-16.5%-26.5%-31.1%-8.2%-12.4%
3 Year-29.4%-39.5%-38.1%-45.5%-5.9%-17.5%
5 Year27.5%1.4%-26.9%-39.5%12.5%-12.9%

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?

38.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AIR (£0.7) is trading below our estimate of fair value (£1.24)

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


Price To Earnings Ratio

PE vs Industry: AIR is poor value based on its PE Ratio (121.9x) compared to the Airlines industry average (8x).

PE vs Market: AIR is poor value based on its PE Ratio (121.9x) compared to the UK market (14.4x).


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 is overvalued based on its PB Ratio (4.1x) compared to the GB Airlines industry average (0.9x).


Next Steps

Future Growth

How is Air Partner forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

37.4%

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?

-2.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AIR has a large one-off loss of £3.5M impacting its January 31 2020 financial results.

Growing Profit Margin: AIR's current net profit margins (0.5%) are lower than last year (3.7%).


Past Earnings Growth Analysis

Earnings Trend: AIR's earnings have declined by -2.9% per year over the past 5 years.

Accelerating Growth: AIR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AIR had negative earnings growth (-89.5%) over the past year, making it difficult to compare to the Airlines industry average (-17%).


Return on Equity

High ROE: AIR's Return on Equity (3.3%) 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 (£40.5M) do not cover its short term liabilities (£43.2M).

Long Term Liabilities: AIR's short term assets (£40.5M) exceed its long term liabilities (£16.6M).


Debt to Equity History and Analysis

Debt Level: AIR's debt to equity ratio (125.1%) is considered high.

Reducing Debt: Insufficient data to determine if AIR's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: AIR's debt is well covered by operating cash flow (67%).

Interest Coverage: AIR's interest payments on its debt are well covered by EBIT (9.2x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AIR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AIR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AIR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AIR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: AIR is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AIR's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Mark Briffa (54yo)

10.08yrs

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 ($USD991.55K) is above average for companies of similar size in the UK market ($USD338.33K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Mark Briffa
CEO & Executive Director10.08yrsUK£674.00k1.54% £642.1k
Joanne Estell
CFO & Director1.67yrsUK£231.00k0.021% £8.9k
Pyle Lee
Group Head of Technologyno datano datano data
Judith Banks
General Counsel & Company Secretaryno datano datano data
Julia Timms
Chief Marketing Officer3.92yrsno datano data
Craig Pattison
Group HR Director1.5yrsno datano data
Vincent Kavanagh
Senior Vice President of Salesno datano datano data
Tony Whitty
Senior Director of Remarketing and ACMIno datano datano data
Ian Holder
Managing Director of Baines Simmons2.08yrsno datano data
Kevin Macnaughton
Managing Director of Charter1.08yrsno datano data

1.9yrs

Average Tenure

Experienced Management: AIR's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Mark Briffa
CEO & Executive Director10.08yrsUK£674.00k1.54% £642.1k
Joanne Estell
CFO & Director1.67yrsUK£231.00k0.021% £8.9k
Paul Dollman
Independent Non-Executive Director1yrUK£30.00k0.15% £62.5k
Edmond Warner
Independent Non-Executive Chairman1.08yrsUK£71.00k0.23% £97.6k
Amanda Wills
Independent Non-Executive Director4.08yrsUK£39.00k0.0098% £4.1k

1.7yrs

Average Tenure

55yo

Average Age

Experienced Board: AIR's board of directors are not considered experienced ( 1.7 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: AIR 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 2.5%.


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£41.749m
  • Shares outstanding: 53.46m
  • 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 aviation charter, consulting, and training services worldwide. It operates through four segments: Commercial Jets, Private Jets, Freight, and Consulting & Training. The company provides commercial jet charter services for more than 20 passengers for governments, corporates, sports and entertainment teams, industrial, manufacturing customers, and tour operators; and private jet charter services for up to 19 passengers for business and leisure corporates, high net worth individuals, and governments. It also offers charter of cargo transport aircraft and part-charter services for regular and bespoke requirements, including emergency aid drops, door-to-door freight delivery, and on-board couriers; aviation safety consulting and training services in regulation, compliance, and safety management for civil and defense aviation organizations; and risk management consulting services for aviation customers, and oil and gas and mining sectors. In addition, the company provides wildlife hazard management and bird control services to civil and military airports; air traffic control (ATC) services, including ATC engineering and training, and survival training for fast jet pilots. Further, it is involved in the e remarketing, acquisition, and leasing of commercial aircraft and private jets; emergency planning comprising planning, executing, and managing air support and air evacuations activities; and travel agency business. The company was founded in 1961 and is headquartered in Gatwick, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/30 21:47
End of Day Share Price2020/05/29 00:00
Earnings2020/01/31
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.