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Aircastle

NYSE:AYR
Snowflake Description

6 star dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AYR
NYSE
$2B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. The last earnings update was 6 days ago. More info.


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AYR Share Price and Events
7 Day Returns
-1.3%
NYSE:AYR
3%
US Trade Distributors
1.2%
US Market
1 Year Returns
0.2%
NYSE:AYR
-2.8%
US Trade Distributors
0.9%
US Market
AYR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aircastle (AYR) -1.3% -0.8% 7.5% 0.2% 4.6% 6.6%
US Trade Distributors 3% 9.4% 3.5% -2.8% 51.3% 22.9%
US Market 1.2% 6.6% 1.2% 0.9% 44.3% 41.3%
1 Year Return vs Industry and Market
  • AYR outperformed the Trade Distributors industry which returned -2.8% over the past year.
Price Volatility
AYR
Industry
5yr Volatility vs Market

AYR Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Aircastle. This is due to cash flow or dividend data being unavailable. The share price is $20.34.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Aircastle's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aircastle's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:AYR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $3.18
NYSE:AYR Share Price ** NYSE (2019-02-15) in USD $20.34
United States of America Trade Distributors Industry PE Ratio Median Figure of 42 Publicly-Listed Trade Distributors Companies 12.32x
United States of America Market PE Ratio Median Figure of 3,045 Publicly-Listed Companies 16.97x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Aircastle.

NYSE:AYR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:AYR Share Price ÷ EPS (both in USD)

= 20.34 ÷ 3.18

6.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aircastle is good value based on earnings compared to the US Trade Distributors industry average.
  • Aircastle is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Aircastle's expected growth come at a high price?
Raw Data
NYSE:AYR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-6.7%per year
United States of America Trade Distributors Industry PEG Ratio Median Figure of 35 Publicly-Listed Trade Distributors Companies 0.71x
United States of America Market PEG Ratio Median Figure of 2,115 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

NYSE:AYR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.39x ÷ -6.7%

-0.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aircastle earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Aircastle's assets?
Raw Data
NYSE:AYR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $26.62
NYSE:AYR Share Price * NYSE (2019-02-15) in USD $20.34
United States of America Trade Distributors Industry PB Ratio Median Figure of 52 Publicly-Listed Trade Distributors Companies 1.5x
United States of America Market PB Ratio Median Figure of 5,122 Publicly-Listed Companies 1.82x
NYSE:AYR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:AYR Share Price ÷ Book Value per Share (both in USD)

= 20.34 ÷ 26.62

0.76x

* Primary Listing of Aircastle.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aircastle is good value based on assets compared to the US Trade Distributors industry average.
X
Value checks
We assess Aircastle's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. Aircastle has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AYR Future Performance

 How is Aircastle expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-6.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aircastle expected to grow at an attractive rate?
  • Aircastle's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Aircastle's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Aircastle's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:AYR Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:AYR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -6.7%
NYSE:AYR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 6%
United States of America Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 12.1%
United States of America Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 6.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:AYR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:AYR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,033 233 3
2020-12-31 923 570 180 5
2019-12-31 846 500 152 6
NYSE:AYR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 851 523 246
2018-09-30 745 491 198
2018-06-30 749 483 219
2018-03-31 786 502 162
2017-12-31 794 491 147
2017-09-30 817 494 159
2017-06-30 820 481 129
2017-03-31 788 478 156
2016-12-31 768 468 150
2016-09-30 772 485 133
2016-06-30 782 511 92
2016-03-31 797 515 114

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aircastle's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Aircastle's revenue is expected to grow by 6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:AYR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Aircastle Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:AYR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.23 3.45 3.02 2.00
2020-12-31 2.69 2.84 2.59 3.00
2019-12-31 1.86 2.10 1.50 4.00
NYSE:AYR Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 3.18
2018-09-30 2.54
2018-06-30 2.80
2018-03-31 2.07
2017-12-31 1.88
2017-09-30 2.04
2017-06-30 1.66
2017-03-31 2.00
2016-12-31 1.92
2016-09-30 1.69
2016-06-30 1.16
2016-03-31 1.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Aircastle is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Aircastle's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Aircastle has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AYR Past Performance

  How has Aircastle performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Aircastle's growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Aircastle has delivered over 20% year on year earnings growth in the past 5 years.
  • Aircastle's 1-year earnings growth exceeds its 5-year average (67.8% vs 26.7%)
  • Aircastle's earnings growth has exceeded the US Trade Distributors industry average in the past year (67.8% vs 42%).
Earnings and Revenue History
Aircastle's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Aircastle Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:AYR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 851.49 246.40 76.03
2018-09-30 745.43 197.96 77.94
2018-06-30 748.85 218.87 71.67
2018-03-31 785.67 161.89 75.27
2017-12-31 793.72 146.83 73.60
2017-09-30 816.67 159.24 65.38
2017-06-30 820.09 129.42 69.33
2017-03-31 788.43 156.36 62.55
2016-12-31 767.86 150.20 61.87
2016-09-30 771.95 133.29 60.42
2016-06-30 781.83 92.18 58.47
2016-03-31 796.56 113.81 57.76
2015-12-31 806.30 120.81 56.20
2015-09-30 835.05 142.79 56.62
2015-06-30 806.61 175.71 56.40
2015-03-31 826.62 137.35 55.76
2014-12-31 808.39 100.10 55.77
2014-09-30 765.25 76.05 55.96
2014-06-30 758.66 -17.11 54.97
2014-03-31 701.51 12.39 54.10
2013-12-31 698.75 29.54 53.44
2013-09-30 673.27 10.90 51.05
2013-06-30 677.64 39.20 50.13
2013-03-31 684.87 23.18 48.46
2012-12-31 672.37 32.60 48.37
2012-09-30 666.90 38.22 46.26
2012-06-30 635.54 106.43 46.55
2012-03-31 613.63 112.83 46.62

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Aircastle has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Aircastle used its assets less efficiently than the US Trade Distributors industry average last year based on Return on Assets.
  • Aircastle's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Aircastle's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Aircastle has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AYR Health

 How is Aircastle's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Aircastle's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aircastle is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aircastle's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Aircastle's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Aircastle Company Filings, last reported 1 month ago.

NYSE:AYR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,008.68 4,761.35 157.61
2018-09-30 1,958.70 4,655.87 601.62
2018-06-30 1,963.41 4,190.69 149.69
2018-03-31 1,937.45 4,215.41 217.24
2017-12-31 1,907.56 4,313.61 215.18
2017-09-30 1,871.97 4,161.11 665.31
2017-06-30 1,835.09 4,339.36 484.06
2017-03-31 1,856.08 4,971.18 876.44
2016-12-31 1,834.31 4,506.25 461.31
2016-09-30 1,785.10 4,547.73 656.25
2016-06-30 1,776.49 4,362.79 493.23
2016-03-31 1,770.88 4,250.74 594.38
2015-12-31 1,779.50 4,107.44 155.90
2015-09-30 1,760.41 4,062.65 149.04
2015-06-30 1,785.56 4,344.92 242.94
2015-03-31 1,753.55 4,111.36 329.99
2014-12-31 1,720.34 3,812.47 169.66
2014-09-30 1,655.20 3,753.12 474.34
2014-06-30 1,641.11 3,822.25 187.53
2014-03-31 1,644.08 4,361.99 614.10
2013-12-31 1,645.41 3,884.35 654.61
2013-09-30 1,600.20 3,482.98 238.15
2013-06-30 1,472.50 3,543.37 430.27
2013-03-31 1,432.05 3,679.91 693.30
2012-12-31 1,415.63 3,767.65 618.22
2012-09-30 1,394.06 3,254.50 223.96
2012-06-30 1,467.39 3,350.07 291.06
2012-03-31 1,446.61 3,153.99 256.67
  • Aircastle's level of debt (237%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (236.4% vs 237% today).
  • Debt is not well covered by operating cash flow (11%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Aircastle's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Aircastle has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AYR Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.9%
Current annual income from Aircastle dividends. Estimated to be 6.06% next year.
If you bought $2,000 of Aircastle shares you are expected to receive $118 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Aircastle's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Aircastle's dividend is above the markets top 25% of dividend payers in United States of America (3.59%).
Upcoming dividend payment

Purchase Aircastle on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:AYR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1998 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:AYR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.38 1.00
2020-12-31 1.24 6.00
2019-12-31 1.21 6.00
NYSE:AYR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-12 1.200 5.847
2018-11-01 1.120 5.932
2018-05-03 1.120 5.377
2017-11-02 1.120 5.133
2017-08-08 1.040 4.628
2017-02-14 1.040 4.542
2016-11-01 1.040 4.763
2016-05-04 0.960 4.628
2015-11-03 0.960 4.790
2015-08-06 0.880 4.092
2015-05-06 0.880 3.725
2014-11-05 0.880 4.057
2014-11-04 0.880 4.453
2014-07-31 0.800 4.436
2014-05-07 0.800 4.598
2014-02-25 0.800 4.233
2013-10-31 0.800 4.275
2013-08-06 0.660 3.793
2013-05-02 0.660 4.092
2013-02-21 0.660 4.803
2012-11-06 0.660 5.307
2012-08-02 0.600 5.176
2012-05-03 0.600 5.089
2012-02-17 0.600 4.781
2011-11-08 0.600 4.723
2011-09-14 0.500 4.637
2011-06-27 0.500 4.318
2011-03-08 0.400 3.287
2010-12-06 0.400 3.623
2010-09-21 0.400 4.389
2010-05-25 0.400 4.575
2010-03-12 0.400 3.812
2009-12-14 0.400 4.105
2009-09-10 0.400 4.339
2009-06-10 0.400 5.031
2009-03-13 0.400 6.677
2009-02-19 0.400 13.070

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Aircastle's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Aircastle's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Aircastle afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aircastle has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AYR Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Inglese
COMPENSATION $3,947,463
AGE 56
TENURE AS CEO 2.1 years
CEO Bio

Mr. Michael J. Inglese, also known as Mike, serves as the Chief Financial Officer at Aircastle Advisor (International) Limited. Mr. Inglese has been the Chief Executive Officer of Aircastle Limited since June 12, 2017. He served as the Chief Financial Officer and Acting Chief Executive Officer of Aircastle Ltd since April 12, 2007 and January 6, 2017 respectively. He has over 20 years of experience in the public and private capital markets. He served as Chief Financial Officer and Executive Vice President of Intelsat Corporation since January 2002 and also served its Principal Accounting Officer. He served as an Executive Vice President and Chief Financial Officer of PanAmSat Holding Corporation from January 2002 to July 2006 and also served as its Principal Accounting Officer. Mr. Inglese served as Senior Vice President of Finance and Chief Financial Officer of PanAmSat Holding Corporation from June 2000 to January 2002. He served as Vice President of Finance at PanAmSat Holding Corporation from May 1998 to June 2000. Prior to joining PanAmSat in May 1998, he served as Chief Financial Officer for Hughes Electronics DIRECTV Japan Inc. Prior to 1997, Mr. Inglese served as Senior Manager of Corporate Development at Hughes Electronics. He has been Director of Aircastle Limited since June 9, 2017. He is a Chartered Financial Analyst and holds a BS in Mechanical Engineering from Rutgers University College of Engineering and an MBA from Rutgers Graduate School of Business Management.

CEO Compensation
  • Mike's compensation has increased by more than 20% in the past year.
  • Mike's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Aircastle management team in years:

4.3
Average Tenure
54
Average Age
  • The tenure for the Aircastle management team is about average.
Management Team

Mike Inglese

TITLE
CEO & Director
COMPENSATION
$4M
AGE
56
TENURE
2.1 yrs

Aaron Dahlke

TITLE
Chief Financial Officer
COMPENSATION
$1M
AGE
49
TENURE
1.7 yrs

Roy Chandran

TITLE
Executive Vice President of Corporate Finance & Strategy
COMPENSATION
$1M
AGE
54
TENURE
1.7 yrs

Christopher Beers

TITLE
Chief Legal Officer & Secretary
COMPENSATION
$2M
AGE
53
TENURE
4.3 yrs

Mike Kriedberg

TITLE
Chief Commercial Officer
COMPENSATION
$3M
AGE
57
TENURE
5.8 yrs

Jim Connelly

TITLE
Chief Accounting Officer
AGE
45
TENURE
0.4 yrs

Joseph Schreiner

TITLE
Executive Vice President of Technical
COMPENSATION
$625K
AGE
60
TENURE
14.3 yrs

Frank Constantinople

TITLE
Senior Vice President
AGE
62

Nigel Harwood

TITLE
Executive Vice President of Asia-Pacific Operations
AGE
53
TENURE
6.3 yrs

Guy Bacigalupi

TITLE
Chief Risk Officer
TENURE
7.1 yrs
Board of Directors Tenure

Average tenure and age of the Aircastle board of directors in years:

6.6
Average Tenure
65.5
Average Age
  • The tenure for the Aircastle board of directors is about average.
Board of Directors

Peter Ueberroth

TITLE
Chairman of the Board
COMPENSATION
$729K
AGE
80
TENURE
6.5 yrs

Mike Inglese

TITLE
CEO & Director
COMPENSATION
$4M
AGE
56
TENURE
1.7 yrs

Ronald Merriman

TITLE
Director
COMPENSATION
$267K
AGE
73
TENURE
12.5 yrs

Doug Hacker

TITLE
Director
COMPENSATION
$287K
AGE
63
TENURE
12.5 yrs

Chuck Pollard

TITLE
Director
COMPENSATION
$277K
AGE
60
TENURE
8.6 yrs

Agnes Mura

TITLE
Director
COMPENSATION
$243K
AGE
68
TENURE
6 yrs

Ron Allen

TITLE
Director
COMPENSATION
$242K
AGE
76
TENURE
12.5 yrs

Giovanni Bisignani

TITLE
Director
COMPENSATION
$232K
AGE
72
TENURE
6.8 yrs

Gentaro Toya

TITLE
Director
AGE
59
TENURE
5.5 yrs

Mike Cave

TITLE
Director
COMPENSATION
$262K
AGE
57
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
31. Aug 18 Sell Ronald Merriman Individual 30. Aug 18 30. Aug 18 -7,500 $21.26 $-159,450
18. May 18 Sell Ontario Teachers' Pension Plan Board Company 18. May 18 18. May 18 -7,887,029 $21.23 $-167,441,626
X
Management checks
We assess Aircastle's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Aircastle has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AYR News

Simply Wall St News

Should Investors Buy Aircastle Limited (NYSE:AYR) And Lock In The 5.4% Dividend Yield?

Over the past 10 years Aircastle Limited (NYSE:AYR) has grown its dividend payouts from $0.40 to $1.12. … With a market cap of US$1.6b, Aircastle pays out 44% of its earnings, leading to a 5.4% yield. … consistent, reliable and competitive dividend over a long period of time, and is expected to continue to pay in the same manner many years to come

Simply Wall St -

Should You Worry About Aircastle Limited’s (NYSE:AYR) ROCE?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Are You An Income Investor? Don't Miss Out On Aircastle Limited (NYSE:AYR)

Aircastle Limited (NYSE:AYR) has pleased shareholders over the past 10 years, by paying out dividends. … The company currently pays out a dividend yield of 5.8% to shareholders, making it a relatively attractive dividend stock. … Check out our latest analysis for Aircastle?

Simply Wall St -

Who Has Been Selling Aircastle Limited (NYSE:AYR) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Aircastle Limited (NYSE:AYR). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … Aircastle Insider Transactions Over The Last Year.

Simply Wall St -

Aircastle Limited (NYSE:AYR): What Does Its Beta Value Mean For Your Portfolio?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Read This Before You Buy Aircastle Limited (NYSE:AYR) Because Of Its P/E Ratio

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Aircastle has a price to earnings ratio of 7.51, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Investigate Aircastle Limited (NYSE:AYR) At US$19.43?

received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $22.08 at one point, and dropping to the lows of $18.96. … A question to answer is whether Aircastle's current trading price of $19.43 reflective of the actual value of the? … Let’s take a look at Aircastle’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Should Investors Buy Aircastle Limited (NYSE:AYR) And Lock In The 5.8% Dividend Yield?

Over the past 10 years Aircastle Limited (NYSE:AYR) has grown its dividend payouts from $1 to $1.12. … consistent, reliable and competitive dividend over a long period of time, and is expected to continue to pay in the same manner many years to come … It consistently pays out dividend without missing a payment or significantly cutting payout

Simply Wall St -

Aircastle Limited (NYSE:AYR): Dividend Is Coming In 2 Days, Should You Buy?

To qualify for the dividend check of US$0.28 per share, investors must have owned the shares prior to 30 August 2018, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?

Simply Wall St -

What Should You Know About Aircastle Limited's (NYSE:AYR) Capital Returns?

This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … Thus, to understand how your money can grow by investing in Aircastle, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE) … What is Return on Capital Employed (ROCE)?

Simply Wall St -

AYR Company Info

Map
Description

Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. As of December 31, 2018, its aircraft portfolio comprised 261 aircraft leased to 81 lessees located in 44 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.

Details
Name: Aircastle Limited
AYR
Exchange: NYSE
Founded: 2004
$1,528,067,721
75,126,240
Website: http://www.aircastle.com
Address: Aircastle Limited
201 Tresser Boulevard,
Suite 400,
Stamford,
Connecticut, 06901,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE AYR Common Shares New York Stock Exchange US USD 08. Aug 2006
DB G7V Common Shares Deutsche Boerse AG DE EUR 08. Aug 2006
Number of employees
Current staff
Staff numbers
109
Aircastle employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 02:05
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2019/02/14
Last earnings filing: 2019/02/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.