AL

Air LeaseNYSE:AL Stock Report

Market Cap

US$4.3b

7D

-1.6%

1Y

21.7%

Updated

18 Sep, 2021

Data

Company Financials +
AL fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance2/6
Financial Health2/6
Dividends3/6

AL Overview

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of new commercial jet aircraft to airlines worldwide.

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 +/- 4% a week.

Volatility Over Time: AL's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.6%

AL

-1.1%

US Trade Distributors

-0.6%

US Market


1 Year Return

21.7%

AL

46.6%

US Trade Distributors

33.8%

US Market

Return vs Industry: AL underperformed the US Trade Distributors industry which returned 46% over the past year.

Return vs Market: AL underperformed the US Market which returned 33.6% over the past year.


Shareholder returns

ALIndustryMarket
7 Day-1.6%-1.1%-0.6%
30 Day-8.7%-0.8%1.6%
90 Day-10.8%2.5%4.6%
1 Year23.5%21.7%49.5%46.6%35.8%33.8%
3 Year-13.5%-18.1%46.0%38.0%60.0%50.1%
5 Year45.9%35.8%134.9%115.9%123.0%98.7%

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

Air Lease Fundamentals Summary

How do Air Lease's earnings and revenue compare to its market cap?
AL fundamental statistics
Market CapUS$4.32b
Earnings (TTM)US$389.64m
Revenue (TTM)US$1.95b

11.1x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AL income statement (TTM)
RevenueUS$1.95b
Cost of RevenueUS$824.56m
Gross ProfitUS$1.12b
ExpensesUS$735.21m
EarningsUS$389.64m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.42
Gross Margin57.70%
Net Profit Margin19.99%
Debt/Equity Ratio254.4%

How did AL perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

19%

Payout Ratio

Valuation

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

11.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AL ($37.81) is trading above our estimate of fair value ($5.94)

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 (11.1x) compared to the US Trade Distributors industry average (22.2x).

PE vs Market: AL is good value based on its PE Ratio (11.1x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: AL is good value based on its PEG Ratio (0.3x)


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 (2.2x).


Future Growth

How is Air Lease forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

34.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AL's forecast earnings growth (34.4% per year) is above the savings rate (2%).

Earnings vs Market: AL's earnings (34.4% per year) are forecast to grow faster than the US market (14.8% per year).

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

Revenue vs Market: AL's revenue (19.4% per year) is forecast to grow faster than the US market (9.7% per year).

High Growth Revenue: AL's revenue (19.4% 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 (9.7%).


Past Performance

How has Air Lease performed over the past 5 years?

3.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AL has high quality earnings.

Growing Profit Margin: AL's current net profit margins (20%) are lower than last year (27.9%).


Past Earnings Growth Analysis

Earnings Trend: AL's earnings have grown by 3.5% per year over the past 5 years.

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

Earnings vs Industry: AL had negative earnings growth (-34%) over the past year, making it difficult to compare to the Trade Distributors industry average (49.2%).


Return on Equity

High ROE: AL's Return on Equity (6.3%) is considered low.


Financial Health

How is Air Lease's financial position?


Financial Position Analysis

Short Term Liabilities: AL's short term assets ($1.2B) exceed its short term liabilities ($479.2M).

Long Term Liabilities: AL's short term assets ($1.2B) do not cover its long term liabilities ($18.8B).


Debt to Equity History and Analysis

Debt Level: AL's debt to equity ratio (254.4%) is considered high.

Reducing Debt: AL's debt to equity ratio has reduced from 262.5% to 254.4% over the past 5 years.

Debt Coverage: AL's debt is not well covered by operating cash flow (7.4%).

Interest Coverage: AL's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


Dividend

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

1.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AL's dividend (1.69%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: AL's dividend (1.69%) is low compared to the top 25% of dividend payers in the US market (3.6%).


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 9 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (18.7%), AL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AL's dividends in 3 years are forecast to be thoroughly covered by earnings (5.7% payout ratio).


Next Steps

Management

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

9.5yrs

Average management tenure


CEO

John Plueger (67 yo)

5.17yrs

Tenure

US$5,993,815

Compensation

Mr. John L. Plueger has been Chief Executive Officer of Air Lease Corporation since July 2016 and as its President and Director since March 2010. Mr. Plueger served as Chief Operating Officer at Air Lease...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD5.99M) is about average for companies of similar size in the US market ($USD5.28M).

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


Leadership Team

Experienced Management: AL's management team is seasoned and experienced (9.5 years average tenure).


Board Members

Experienced Board: AL's board of directors are seasoned and experienced ( 10.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: AL 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 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$4.316b
  • Shares outstanding: 114.14m
  • 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


Biography

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of new commercial jet aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfo...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 00:52
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.