NYSE:FLY

Stock Analysis Report

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Market Cap

US$519.1m

Last Updated

2021/08/03 22:29 UTC

Data Sources

Company Financials +

Executive Summary

Fly Leasing Limited, through its subsidiaries, purchases and leases commercial aircraft under multi-year contracts to various airlines worldwide. More Details


Snowflake Analysis

Fair value with moderate growth potential.


Similar Companies

Share Price & News

How has Fly Leasing's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FLY is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: FLY's weekly volatility has decreased from 10% to 0% over the past year.


Market Performance


7 Day Return

0.1%

FLY

2.1%

US Trade Distributors

0.9%

US Market


1 Year Return

149.3%

FLY

51.2%

US Trade Distributors

34.7%

US Market

Return vs Industry: FLY exceeded the US Trade Distributors industry which returned 48.3% over the past year.

Return vs Market: FLY exceeded the US Market which returned 34.4% over the past year.


Shareholder returns

FLYIndustryMarket
7 Day0.1%2.1%0.9%
30 Day0.5%2.0%0.2%
90 Day0.4%-1.8%4.7%
1 Year149.3%149.3%54.3%51.2%36.8%34.7%
3 Year23.8%23.8%53.5%45.0%62.5%52.4%
5 Year44.7%44.7%136.0%117.0%123.1%98.4%

Long-Term Price Volatility Vs. Market

How volatile is Fly Leasing's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Fly Leasing 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: FLY ($17.03) is trading below our estimate of fair value ($56.89)

Significantly Below Fair Value: FLY is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FLY is unprofitable, so we can't compare its PE Ratio to the US Trade Distributors industry average.

PE vs Market: FLY is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FLY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FLY is good value based on its PB Ratio (0.7x) compared to the US Trade Distributors industry average (2.4x).


Future Growth

How is Fly Leasing forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

62.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FLY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: FLY is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: FLY's is expected to become profitable in the next 3 years.

Revenue vs Market: FLY's revenue (0.9% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: FLY's revenue (0.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FLY's Return on Equity is forecast to be low in 3 years time (6.1%).


Past Performance

How has Fly Leasing performed over the past 5 years?

24.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FLY is currently unprofitable.

Growing Profit Margin: FLY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FLY is unprofitable, but has reduced losses over the past 5 years at a rate of 24.6% per year.

Accelerating Growth: Unable to compare FLY's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FLY is unprofitable, making it difficult to compare its past year earnings growth to the Trade Distributors industry (44.5%).


Return on Equity

High ROE: FLY has a negative Return on Equity (-13.72%), as it is currently unprofitable.


Financial Health

How is Fly Leasing's financial position?


Financial Position Analysis

Short Term Liabilities: FLY's short term assets ($270.8M) exceed its short term liabilities ($27.4M).

Long Term Liabilities: FLY's short term assets ($270.8M) do not cover its long term liabilities ($2.3B).


Debt to Equity History and Analysis

Debt Level: FLY's debt to equity ratio (244.1%) is considered high.

Reducing Debt: FLY's debt to equity ratio has reduced from 347.1% to 244.1% over the past 5 years.

Debt Coverage: FLY's debt is not well covered by operating cash flow (4.5%).

Interest Coverage: FLY's interest payments on its debt are not well covered by EBIT (1.3x coverage).


Balance Sheet


Dividend

What is Fly Leasing current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FLY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FLY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FLY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FLY's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: FLY is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FLY's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

14.2yrs

Average board tenure


CEO

Colm Barrington (75 yo)

14.25yrs

Tenure

Mr. Colm Barrington, M. Sc. (Econ.), has been the Chief Executive Officer at FLY Leasing Limited since May 2007. Mr. Barrington has been a Partner at Babcock & Brown since 1994 and shared responsibility fo...


Board Members

Experienced Board: FLY's board of directors are seasoned and experienced ( 14.2 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Fly Leasing Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fly Leasing Limited
  • Ticker: FLY
  • Exchange: NYSE
  • Founded: 2007
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: US$519.093m
  • Shares outstanding: 30.48m
  • Website: https://www.flyleasing.com

Location

  • Fly Leasing Limited
  • West Pier Business Campus
  • Dun Laoghaire
  • Co. Dublin
  • A96 N6T7
  • Ireland

Listings


Biography

Fly Leasing Limited, through its subsidiaries, purchases and leases commercial aircraft under multi-year contracts to various airlines worldwide. As of December 31, 2020, it had a portfolio of 84 aircraft,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/03 22:29
End of Day Share Price2021/08/02 00:00
Earnings2021/03/31
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.