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Market Cap

UK£57.2m

Last Updated

2021/09/18 17:42 UTC

Data Sources

Company Financials +

Executive Summary

Air Partner plc provides aircraft charter, aviation safety, security solutions, and managed services in the United Kingdom, Europe, the United States, and internationally. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.


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 is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: AIR's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-1.0%

AIR

4.2%

GB Airlines

-1.0%

GB Market


1 Year Return

12.8%

AIR

41.3%

GB Airlines

19.2%

GB Market

Return vs Industry: AIR underperformed the UK Airlines industry which returned 41.4% over the past year.

Return vs Market: AIR underperformed the UK Market which returned 19.2% over the past year.


Shareholder returns

AIRIndustryMarket
7 Day-1.0%4.2%-1.0%
30 Day9.9%-6.0%-0.7%
90 Day0.1%-12.6%0.5%
1 Year16.1%12.8%49.0%41.3%24.1%19.2%
3 Year-7.4%-16.8%-13.6%-23.7%15.4%2.5%
5 Year21.9%-0.2%49.6%21.4%35.4%10.7%

Long-Term 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 (£0.9) is trading below our estimate of fair value (£12.03)

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 (10.2x) compared to the Global Airlines industry average (37.4x).

PE vs Market: AIR is good value based on its PE Ratio (10.2x) compared to the UK market (23.5x).


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 (2.7x) is in line with the GB Airlines industry average.


Future Growth

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

8.1%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if AIR's forecast earnings growth is above the savings rate (0.9%).

Earnings vs Market: Insufficient data to determine if AIR's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AIR's revenue (8.1% per year) is forecast to grow faster than the UK market (5% per year).

High Growth Revenue: AIR's revenue (8.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AIR's Return on Equity is forecast to be high in 3 years time (23.5%)


Past Performance

How has Air Partner performed over the past 5 years?

8.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AIR has a large one-off loss of £2.2M impacting its January 31 2021 financial results.

Growing Profit Margin: AIR's current net profit margins (7.9%) are higher than last year (0.5%).


Past Earnings Growth Analysis

Earnings Trend: AIR's earnings have grown by 8.5% per year over the past 5 years.

Accelerating Growth: AIR's earnings growth over the past year (1645.4%) exceeds its 5-year average (8.5% per year).

Earnings vs Industry: AIR earnings growth over the past year (1645.4%) exceeded the Airlines industry -22%.


Return on Equity

High ROE: AIR's Return on Equity (26.7%) is considered high.


Financial Health

How is Air Partner's financial position?


Financial Position Analysis

Short Term Liabilities: AIR's short term assets (£38.4M) exceed its short term liabilities (£38.3M).

Long Term Liabilities: AIR's short term assets (£38.4M) exceed its long term liabilities (£3.7M).


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 25%.

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


Dividend

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

2.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AIR's dividend (2.66%) is higher than the bottom 25% of dividend payers in the UK market (1.34%).

High Dividend: AIR's dividend (2.66%) is low compared to the top 25% of dividend payers in the UK market (3.92%).


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 reasonably low payout ratio (25.5%), AIR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AIR's dividends in 3 years are forecast to be well covered by earnings (33.7% payout ratio).


Next Steps

Management

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

2.7yrs

Average management tenure


CEO

Mark Briffa (56 yo)

11.42yrs

Tenure

UK£644,000

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 ($USD885.75K) is above average for companies of similar size in the UK market ($USD327.28K).

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


Leadership Team

Experienced Management: AIR's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: AIR's board of directors are not considered experienced ( 2.4 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 not been meaningfully diluted in the past year.


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£57.227m
  • Shares outstanding: 63.52m
  • Website: https://www.airpartnergroup.com

Number of Employees


Location

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

Listings


Biography

Air Partner plc provides aircraft charter, aviation safety, security solutions, and managed services in the United Kingdom, Europe, the United States, and internationally. It operates through Group Charter...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 17:42
End of Day Share Price2021/09/17 00:00
Earnings2021/01/31
Annual Earnings2021/01/31


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.