Fly Leasing Limited, through its subsidiaries, purchases and leases commercial aircraft under multi-year contracts to various airlines worldwide. More Details
Undervalued with questionable track record.
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 more volatile than 75% of US stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: FLY's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.
7 Day Return
US Trade Distributors
1 Year Return
US Trade Distributors
Return vs Industry: FLY underperformed the US Trade Distributors industry which returned 22.4% over the past year.
Return vs Market: FLY underperformed the US Market which returned 22.7% over the past year.
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
6 days ago | Simply Wall StFly Leasing Limited's (NYSE:FLY) Shares Bounce 31% But Its Business Still Trails The Market
2 weeks ago | Simply Wall StResults: Fly Leasing Limited Delivered A Surprise Loss And Now Analysts Have New Forecasts
1 month ago | Simply Wall StIs Fly Leasing Limited (NYSE:FLY) Potentially Undervalued?
Is Fly Leasing undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FLY ($8.48) is trading below our estimate of fair value ($38.52)
Significantly Below Fair Value: FLY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FLY is good value based on its PE Ratio (2.3x) compared to the US Trade Distributors industry average (21.9x).
PE vs Market: FLY is good value based on its PE Ratio (2.3x) compared to the US market (19.4x).
Price to Earnings Growth Ratio
PEG Ratio: FLY's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FLY is good value based on its PB Ratio (0.3x) compared to the US Trade Distributors industry average (1.7x).
How is Fly Leasing forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FLY's earnings are forecast to decline over the next 3 years (-11.4% per year).
Earnings vs Market: FLY's earnings are forecast to decline over the next 3 years (-11.4% per year).
High Growth Earnings: FLY's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FLY's revenue is expected to decline over the next 3 years (-2.8% per year).
High Growth Revenue: FLY's revenue is forecast to decline over the next 3 years (-2.8% 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 (5.5%).
How has Fly Leasing performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FLY has high quality earnings.
Growing Profit Margin: FLY's current net profit margins (28.1%) are lower than last year (34.1%).
Past Earnings Growth Analysis
Earnings Trend: FLY's earnings have grown significantly by 51.8% per year over the past 5 years.
Accelerating Growth: FLY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FLY had negative earnings growth (-37%) over the past year, making it difficult to compare to the Trade Distributors industry average (-6.9%).
Return on Equity
High ROE: FLY's Return on Equity (12.9%) is considered low.
How is Fly Leasing's financial position?
Financial Position Analysis
Short Term Liabilities: FLY's short term assets ($379.4M) exceed its short term liabilities ($29.1M).
Long Term Liabilities: FLY's short term assets ($379.4M) do not cover its long term liabilities ($2.6B).
Debt to Equity History and Analysis
Debt Level: FLY's debt to equity ratio (244.3%) is considered high.
Reducing Debt: FLY's debt to equity ratio has reduced from 402.6% to 244.3% over the past 5 years.
Debt Coverage: FLY's debt is not well covered by operating cash flow (7.8%).
Interest Coverage: FLY's interest payments on its debt are not well covered by EBIT (2.4x coverage).
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Colm Barrington (74 yo)
Mr. Colm Barrington 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 for the company’s m...
|CEO & Director||13.58yrs||no data||no data|
|Independent Director||6.08yrs||no data||no data|
|Independent Director||13.5yrs||no data||no data|
|Director||13.5yrs||no data||2.13% |
|Independent Chairman of the Board||10.67yrs||no data||no data|
|Independent Director||13.5yrs||no data||no data|
|Director||10.67yrs||no data||no data|
Experienced Board: FLY's board of directors are seasoned and experienced ( 13.5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Fly Leasing Limited's company bio, employee growth, exchange listings and data sources
- Name: Fly Leasing Limited
- Ticker: FLY
- Exchange: NYSE
- Founded: 2007
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: US$258.479m
- Shares outstanding: 30.48m
- Website: https://www.flyleasing.com
- Fly Leasing Limited
- West Pier Business Campus
- Dun Laoghaire
- Co. Dublin
- A96 N6T7
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FLY||NYSE (New York Stock Exchange)||Yes||SPONSORED ADR||US||USD||Sep 2007|
|3BBB||DB (Deutsche Boerse AG)||Yes||SPONSORED ADR||DE||EUR||Sep 2007|
Fly Leasing Limited, through its subsidiaries, purchases and leases commercial aircraft under multi-year contracts to various airlines worldwide. As of December 31, 2019, it had a portfolio of 89 aircraft,...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/03 00:46|
|End of Day Share Price||2020/12/02 00:00|
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.