Air Lease
Market Cap
US$4.4b
Last Updated
2020/11/26 00:39 UTC
Data Sources
Company Financials +
Executive Summary
Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet transport aircraft to airlines worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value with acceptable track record.
Similar Companies
Share Price & News
How has Air Lease's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: AL's weekly volatility has decreased from 15% to 9% over the past year.
Market Performance
7 Day Return
-2.4%
AL
1.7%
US Trade Distributors
2.8%
US Market
1 Year Return
-17.1%
AL
19.4%
US Trade Distributors
19.7%
US Market
Return vs Industry: AL underperformed the US Trade Distributors industry which returned 19.4% over the past year.
Return vs Market: AL underperformed the US Market which returned 19.7% over the past year.
Shareholder returns
| AL | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.4% | 1.7% | 2.8% |
| 30 Day | 25.8% | 17.9% | 8.0% |
| 90 Day | 23.0% | 15.8% | 6.8% |
| 1 Year | -14.9%-17.1% | 21.7%19.4% | 22.4%19.7% |
| 3 Year | -4.8%-9.4% | 37.6%31.1% | 47.3%37.5% |
| 5 Year | 21.0%13.5% | 89.1%75.6% | 93.6%72.3% |
Long-Term Price Volatility Vs. Market
How volatile is Air Lease's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Have Insiders Sold Air Lease Corporation (NYSE:AL) Shares Recently?1 week ago | Simply Wall St
Will Air Lease (NYSE:AL) Multiply In Value Going Forward?4 weeks ago | Simply Wall St
A Quick Analysis On Air Lease's (NYSE:AL) CEO CompensationValuation
Is Air Lease undervalued compared to its fair value and its price relative to the market?
7.9x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AL ($38.63) is trading above our estimate of fair value ($5.1)
Significantly Below Fair Value: AL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AL is good value based on its PE Ratio (7.9x) compared to the US Trade Distributors industry average (21.9x).
PE vs Market: AL is good value based on its PE Ratio (7.9x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: AL is poor value based on its PEG Ratio (8x)
Price to Book Ratio
PB vs Industry: AL is good value based on its PB Ratio (0.7x) compared to the US Trade Distributors industry average (1.7x).
Next Steps
Future Growth
How is Air Lease forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
1.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AL's forecast earnings growth (1% per year) is below the savings rate (2.2%).
Earnings vs Market: AL's earnings (1% per year) are forecast to grow slower than the US market (22% per year).
High Growth Earnings: AL's earnings are forecast to grow, but not significantly.
Revenue vs Market: AL's revenue (13.3% per year) is forecast to grow faster than the US market (10.2% per year).
High Growth Revenue: AL's revenue (13.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AL's Return on Equity is forecast to be low in 3 years time (9.3%).
Next Steps
Past Performance
How has Air Lease performed over the past 5 years?
14.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AL has high quality earnings.
Growing Profit Margin: AL's current net profit margins (26.7%) are lower than last year (28.8%).
Past Earnings Growth Analysis
Earnings Trend: AL's earnings have grown by 14.1% per year over the past 5 years.
Accelerating Growth: AL's earnings growth over the past year (0.4%) is below its 5-year average (14.1% per year).
Earnings vs Industry: AL earnings growth over the past year (0.4%) exceeded the Trade Distributors industry -6.9%.
Return on Equity
High ROE: AL's Return on Equity (9.5%) is considered low.
Next Steps
Financial Health
How is Air Lease's financial position?
Financial Position Analysis
Short Term Liabilities: AL's short term assets ($1.3B) exceed its short term liabilities ($343.4M).
Long Term Liabilities: AL's short term assets ($1.3B) do not cover its long term liabilities ($17.3B).
Debt to Equity History and Analysis
Debt Level: AL's debt to equity ratio (254%) is considered high.
Reducing Debt: AL's debt to equity ratio has reduced from 255.1% to 254% over the past 5 years.
Debt Coverage: AL's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: AL's interest payments on its debt are not well covered by EBIT (2.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Air Lease current dividend yield, its reliability and sustainability?
1.66%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: AL's dividend (1.66%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: AL's dividend (1.66%) is low compared to the top 25% of dividend payers in the US market (4.05%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, AL has been paying a dividend for less than 10 years.
Growing Dividend: AL's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (12.5%), AL's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AL's dividends in 3 years are forecast to be thoroughly covered by earnings (6.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.4yrs
Average management tenure
CEO
John Plueger (66 yo)
4.33yrs
Tenure
US$7,895,939
Compensation
Mr. John L. Plueger has been Chief Executive Officer and President of Air Lease Corporation since July 2016 and March 2010 respectively and serves its Director since April 2010. Mr. Plueger served as Chief...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD7.90M) is above average for companies of similar size in the US market ($USD5.15M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 4.33yrs | US$8.12m | 4.9% $ 215.6m | |
| CEO, President & Director | 4.33yrs | US$7.90m | 0.71% $ 31.3m | |
| Executive VP & CFO | 8.67yrs | US$2.58m | 0.060% $ 2.6m | |
| Executive Vice President of Marketing & Commercial Affairs | no data | US$3.02m | 0.14% $ 5.9m | |
| Executive VP & MD of Asia | 10.25yrs | US$3.74m | 0.22% $ 9.7m | |
| Vice President of Investor Relations | no data | no data | no data | |
| Executive VP | 8.17yrs | no data | 0.045% $ 2.0m | |
| Vice President of Human Resources | no data | no data | no data | |
| Executive Vice President | 10.58yrs | no data | 0.13% $ 5.5m | |
| Executive Vice President of Aircraft Procurement & Specification | 10.67yrs | no data | 0.058% $ 2.5m | |
| Senior Vice President of Technical Asset Management | 1.75yrs | no data | no data | |
| Executive Vice President of Marketing | 5.5yrs | no data | 0.11% $ 4.9m |
8.4yrs
Average Tenure
57yo
Average Age
Experienced Management: AL's management team is seasoned and experienced (8.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 4.33yrs | US$8.12m | 4.9% $ 215.6m | |
| CEO, President & Director | 4.33yrs | US$7.90m | 0.71% $ 31.3m | |
| Independent Director | 10.5yrs | US$255.00k | 0.032% $ 1.4m | |
| Independent Director | 6.5yrs | US$220.00k | 0.026% $ 1.1m | |
| Lead Independent Director | no data | US$305.00k | 0.032% $ 1.4m | |
| Independent Director | 6.92yrs | US$220.00k | 0.029% $ 1.3m | |
| Independent Director | 10.42yrs | US$225.00k | 0.013% $ 587.2k | |
| Independent Director | 1yr | US$190.52k | 0.0082% $ 360.4k |
6.9yrs
Average Tenure
65yo
Average Age
Experienced Board: AL's board of directors are considered experienced (6.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AL insiders have only sold shares 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 Lease Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Air Lease Corporation
- Ticker: AL
- Exchange: NYSE
- Founded: 2010
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: US$4.395b
- Shares outstanding: 113.78m
- Website: https://www.airleasecorp.com
Number of Employees
Location
- Air Lease Corporation
- 2000 Avenue of the Stars
- Suite 1000N
- Los Angeles
- California
- 90067
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AL | NYSE (New York Stock Exchange) | Yes | Class A Common Stock | US | USD | Apr 2011 |
| AVLA | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Apr 2011 |
| AL.PRA | NYSE (New York Stock Exchange) | 6.150 NON CUM A | US | USD | Feb 2019 |
Biography
Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet transport aircraft to airlines worldwide. The company also sells aircraft from its operating lease ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/26 00:39 |
| End of Day Share Price | 2020/11/25 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.