NYSE:FLY

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Solid track record and fair value.


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


Market Performance


7 Day Return

-0.7%

FLY

5.2%

US Trade Distributors

1.0%

US Market


1 Year Return

42.6%

FLY

-0.002%

US Trade Distributors

6.7%

US Market

Return vs Industry: FLY exceeded the US Trade Distributors industry which returned -0% over the past year.

Return vs Market: FLY exceeded the US Market which returned 6.7% over the past year.


Share holder returns

FLYIndustryMarket
7 Day-0.7%5.2%1.0%
30 Day-9.3%-2.0%-1.8%
90 Day10.4%1.8%-1.8%
1 Year42.6%42.6%1.8%-0.002%9.1%6.7%
3 Year62.3%62.3%42.1%36.0%46.1%36.6%
5 Year76.2%60.9%34.5%24.8%66.9%48.6%

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

4.09x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: Insufficient data to calculate FLY's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate FLY's fair value to establish if it is undervalued.


Price Based on Earnings

PE vs Industry: FLY is good value based on its PE Ratio (4.1x) compared to the Trade Distributors industry average (16.1x).

PE vs Market: FLY is good value based on its PE Ratio (4.1x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: FLY's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price Based on Value of Assets

PB vs Industry: FLY is good value based on its PB Ratio (0.8x) compared to the US Trade Distributors industry average (1.5x).


Next Steps

Future Growth

How is Fly Leasing expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

-25.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: FLY's earnings are forecast to decline over the next 3 years (-25.1% per year).

Earnings vs Market: FLY's earnings are forecast to decline over the next 3 years (-25.1% 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 (-7.3% per year).

High Growth Revenue: FLY's revenue is forecast to decline over the next 3 years (-7.3%).


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if FLY's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Fly Leasing performed over the past 5 years?

14.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FLY's earnings have grown by 14.2% per year over the past 5 years.

Accelerating Growth: FLY's earnings growth over the past year (426.4%) exceeds its 5-year average (14.2% per year).

Earnings vs Industry: FLY earnings growth over the past year (426.4%) exceeded the Trade Distributors industry 0.9%.


Return on Equity

High ROE: Whilst FLY's Return on Equity (20%) is high, this metric is skewed due to their high level of debt.


Return on Assets

ROA vs Industry: FLY has a higher Return on Assets than the Trade Distributors industry average last year.


Return on Capital Employed

ROCE Improving: FLY has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Fly Leasing's financial position?


Financial Position Analysis

Short Term Liabilities: FLY's short term assets ($437.7M) exceeds its short term liabilities ($23.2M)

Long Term Liabilities: FLY's short term assets (437.7M) do not cover its long term liabilities (3.2B)


Debt to Equity History and Analysis

Debt Level: FLY's debt to equity ratio (359.9%) is considered high

Reducing Debt: FLY's debt to equity ratio has increased from 329.8% to 359.9% over the past 5 years.

Debt Coverage: FLY's debt is not well covered by operating cash flow (9.6%).

Interest Coverage: FLY's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet

Inventory Level: FLY has a low level of unsold assets or inventory.

Debt Coverage by Assets: FLY's debt is not covered by short term assets (assets are 0.2x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.8%industryaverage2.4%forecastin3Years0%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

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

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

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 .


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

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

12.3yrs

Average board tenure


CEO

Colm Barrington (73yo)

12.4yrs

Tenure

0

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 ...


Board Age and Tenure

12.3yrs

Average Tenure

60yo

Average Age

Experienced Board: FLY's board of directors are seasoned and experienced ( 12.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Colm Barrington (73yo)

    CEO & Director

    • Tenure: 12.4yrs
  • Julie Ruehl (53yo)

    Chief Financial Officer

    • Tenure: 2.2yrs
  • Matt Dallas

    Investor Contact

    • Tenure: 0yrs

Board Members

  • Eugene McCague (60yo)

    Director

    • Tenure: 4.9yrs
  • Erik Braathen (63yo)

    Director

    • Tenure: 12.3yrs
  • Colm Barrington (73yo)

    CEO & Director

    • Tenure: 12.4yrs
  • Steve Zissis (59yo)

    Director

    • Tenure: 12.3yrs
  • Joe Donovan (64yo)

    Chairman of the Board

    • Tenure: 9.5yrs
  • Susan Walton (59yo)

    Director

    • Tenure: 12.3yrs
  • Rob Tomczak (57yo)

    Director

    • Tenure: 9.5yrs

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$599.970m
  • Shares outstanding: 31.04m
  • Website: https://www.flyleasing.com

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FLYNYSE (New York Stock Exchange)YesADR REPR 1 ORD USD0.001USUSDSep 2007
3BBBDB (Deutsche Boerse AG)YesADR REPR 1 ORD USD0.001DEEURSep 2007

Biography

Fly Leasing Limited, through its subsidiaries, purchases and leases commercial aircraft under multi-year contracts to various airlines worldwide. As of December 31, 2018, it had a portfolio of 101 aircraft ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 02:03
End of Day Share Price2019/10/11 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.

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