NYSE:AL

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

High growth potential and good value.


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


Market Performance


7 Day Return

3.1%

NYSE:AL

2.9%

US Trade Distributors

2.1%

US Market


1 Year Return

-13.8%

NYSE:AL

-16.7%

US Trade Distributors

-0.04%

US Market

AL outperformed the Trade Distributors industry which returned -17% over the past year.

AL underperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

ALIndustryMarket
7 Day3.1%2.9%2.1%
30 Day-6.9%-4.1%-3.2%
90 Day7.9%0.2%2.8%
1 Year-12.7%-13.8%-15.2%-16.7%2.2%-0.04%
3 Year44.0%39.8%25.5%20.0%41.5%32.3%
5 Year8.9%4.7%11.9%4.1%55.0%37.8%

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

Valuation

Is Air Lease undervalued based on future cash flows and its price relative to the stock market?

7.86x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Air Lease's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Air Lease's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Air Lease is good value based on earnings compared to the US Trade Distributors industry average.

Air Lease is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Air Lease is good value based on expected growth next year.


Price Based on Value of Assets

Air Lease is good value based on assets compared to the US Trade Distributors industry average.


Next Steps

Future Growth

How is Air Lease expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

23.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Air Lease's revenue is expected to grow significantly at over 20% yearly.

Air Lease's earnings are expected to grow significantly at over 20% yearly.

Air Lease's revenue growth is expected to exceed the United States of America market average.

Air Lease's earnings growth is expected to exceed the United States of America market average.

Air Lease's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Air Lease is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Air Lease performed over the past 5 years?

25.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Air Lease has delivered over 20% year on year earnings growth in the past 5 years.

Air Lease's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Air Lease's 1-year earnings growth is negative, it can't be compared to the US Trade Distributors industry average.


Return on Equity

Air Lease has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Air Lease used its assets less efficiently than the US Trade Distributors industry average last year based on Return on Assets.


Return on Capital Employed

Air Lease's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Air Lease's financial position?


Financial Position Analysis

Air Lease's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Air Lease's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Air Lease's level of debt (242.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (238.9% vs 242.6% today).

Debt is not well covered by operating cash flow (10.3%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.8x annual interest expense, ideally 3x coverage).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0x debt.


Next Steps

Dividend

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

1.20%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Air Lease before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Air Lease's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Air Lease's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Whilst dividend payments have been stable, Air Lease has been paying a dividend for less than 10 years.

Dividend payments have increased, but Air Lease only paid a dividend in the past 6 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (9.7x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be thoroughly covered by earnings (15.7x coverage).


Next Steps

Management

What is the CEO of Air Lease's salary, the management and board of directors tenure and is there insider trading?

8.2yrs

Average management tenure


CEO

John Plueger (65yo)

3.1yrs

Tenure

US$7,672,190

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 March 2010. Mr. Plueger served as Chief ...


CEO Compensation Analysis

John's remuneration is higher than average for companies of similar size in United States of America.

John's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

8.2yrs

Average Tenure

56yo

Average Age

The average tenure for the Air Lease management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

9.3yrs

Average Tenure

66yo

Average Age

The tenure for the Air Lease board of directors is about average.


Insider Trading

Air Lease individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$390,00021 Aug 19
Marc Baer
EntityIndividual
Role
Head of Marketing
Executive Vice President of Marketing
Shares10,000
Max PriceUS$39.00
SellUS$8,095,14020 Aug 19
Steven Udvar-Házy
EntityIndividual
Role
Chairman of the Board
Executive Chairman of the Board
Shares209,773
Max PriceUS$38.59
SellUS$5,650,45115 Aug 19
Steven Udvar-Házy
EntityIndividual
Role
Chairman of the Board
Executive Chairman of the Board
Shares148,923
Max PriceUS$37.94
BuyUS$102,87014 Dec 18
Steven Udvar-Házy
EntityIndividual
Role
Chairman of the Board
Executive Chairman of the Board
Shares3,000
Max PriceUS$34.29
BuyUS$71,54013 Dec 18
Steven Udvar-Házy
EntityIndividual
Role
Chairman of the Board
Executive Chairman of the Board
Shares2,000
Max PriceUS$35.77
SellUS$676,97314 Sep 18
Grant Levy
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Marketing & Commercial Affairs
Shares15,000
Max PriceUS$45.13
SellUS$281,42128 Aug 18
John Poerschke
EntityIndividual
Shares6,000
Max PriceUS$46.90

Ownership Breakdown


Management Team

  • Steve Udvar-Házy (73yo)

    Executive Chairman of the Board

    • Tenure: 9.5yrs
    • Compensation: US$8.08m
  • John Plueger (65yo)

    CEO, President & Director

    • Tenure: 3.1yrs
    • Compensation: US$7.67m
  • Grant Levy (56yo)

    Executive Vice President of Marketing & Commercial Affairs

    • Tenure: 0.0yrs
    • Compensation: US$3.05m
  • Marc Baer (54yo)

    Executive Vice President of Marketing

    • Tenure: 9.3yrs
    • Compensation: US$2.69m
  • Alex Khatibi (58yo)

    Executive Vice President

    • Tenure: 9.3yrs
  • Greg Willis (40yo)

    Executive VP & CFO

    • Tenure: 7.4yrs
    • Compensation: US$2.34m
  • Carol Forsyte (56yo)

    Executive VP

    • Tenure: 6.9yrs
  • Jie Chen (55yo)

    Executive VP & MD of Asia

    • Tenure: 9.0yrs
    • Compensation: US$3.52m
  • Courtney McKeown

    Vice President of Human Resources

    • Tenure: 0.0yrs
  • Mary Liz DePalma

    Assistant Vice President of Investor Relations

    • Tenure: 0.0yrs

Board Members

  • Matt Hart (67yo)

    Director

    • Tenure: 9.3yrs
    • Compensation: US$245.00k
  • Marshall Larsen (71yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: US$210.00k
  • Ron Sugar (70yo)

    Director

    • Tenure: 9.3yrs
    • Compensation: US$230.00k
  • Robert Milton (58yo)

    Lead Independent Director

    • Tenure: 0.0yrs
    • Compensation: US$295.00k
  • Steve Udvar-Házy (73yo)

    Executive Chairman of the Board

    • Tenure: 9.5yrs
    • Compensation: US$8.08m
  • John Plueger (65yo)

    CEO, President & Director

    • Tenure: 3.1yrs
    • Compensation: US$7.67m
  • Cheryl Krongard (63yo)

    Director

    • Tenure: 5.7yrs
    • Compensation: US$210.00k
  • Ian Saines (56yo)

    Director

    • Tenure: 9.2yrs
    • Compensation: US$215.00k

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$4.430b
  • Shares outstanding: 111.68m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALNYSE (New York Stock Exchange)YesClass A Common StockUSUSDApr 2011
AVLADB (Deutsche Boerse AG)YesClass A Common StockDEEURApr 2011
AL.PRANYSE (New York Stock Exchange)6.150 NON CUM AUSUSDFeb 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 00:14
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.