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AeroCentury

AMEX:ACY
Snowflake Description

Good value with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ACY
AMEX
$19M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

AeroCentury Corp., together with its subsidiaries, acquires and leases aircraft and aircraft engines to regional airlines in the United States and internationally. The last earnings update was 130 days ago. More info.


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  • AeroCentury has significant price volatility in the past 3 months.
ACY Share Price and Events
7 Day Returns
2.5%
AMEX:ACY
0.3%
US Trade Distributors
2.4%
US Market
1 Year Returns
-26.8%
AMEX:ACY
-11.5%
US Trade Distributors
1.9%
US Market
ACY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AeroCentury (ACY) 2.5% 9.4% 12% -26.8% 18.7% -27.9%
US Trade Distributors 0.3% -4.9% 8.7% -11.5% 27% 12.2%
US Market 2.4% 1.7% 11.9% 1.9% 38.2% 42.4%
1 Year Return vs Industry and Market
  • ACY underperformed the Trade Distributors industry which returned -11.5% over the past year.
  • ACY underperformed the Market in United States of America which returned 1.9% over the past year.
Price Volatility
ACY
Industry
5yr Volatility vs Market

Value

 Is AeroCentury 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 AeroCentury. This is due to cash flow or dividend data being unavailable. The share price is $12.5826.
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 AeroCentury's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AeroCentury's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:ACY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $1.25
AMEX:ACY Share Price ** AMEX (2019-03-18) in USD $12.58
United States of America Trade Distributors Industry PE Ratio Median Figure of 42 Publicly-Listed Trade Distributors Companies 13.84x
United States of America Market PE Ratio Median Figure of 3,055 Publicly-Listed Companies 17.61x

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

** Primary Listing of AeroCentury.

AMEX:ACY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:ACY Share Price ÷ EPS (both in USD)

= 12.58 ÷ 1.25

10.07x

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

  • AeroCentury is good value based on earnings compared to the US Trade Distributors industry average.
  • AeroCentury is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does AeroCentury's expected growth come at a high price?
Raw Data
AMEX:ACY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
73.5%per year
United States of America Trade Distributors Industry PEG Ratio Median Figure of 34 Publicly-Listed Trade Distributors Companies 1.18x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

AMEX:ACY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.07x ÷ 73.5%

0.14x

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

  • AeroCentury is good value based on expected growth next year.
Price based on value of assets
What value do investors place on AeroCentury's assets?
Raw Data
AMEX:ACY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $30.44
AMEX:ACY Share Price * AMEX (2019-03-18) in USD $12.58
United States of America Trade Distributors Industry PB Ratio Median Figure of 54 Publicly-Listed Trade Distributors Companies 1.5x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
AMEX:ACY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:ACY Share Price ÷ Book Value per Share (both in USD)

= 12.58 ÷ 30.44

0.41x

* Primary Listing of AeroCentury.

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

  • AeroCentury is good value based on assets compared to the US Trade Distributors industry average.
X
Value checks
We assess AeroCentury'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. AeroCentury has a total score of 4/6, 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.

Future Performance

 How is AeroCentury expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
73.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AeroCentury expected to grow at an attractive rate?
  • AeroCentury's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • AeroCentury's earnings growth is expected to exceed the United States of America market average.
  • AeroCentury's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
AMEX:ACY Future Growth Rates Data Sources
Data Point Source Value (per year)
AMEX:ACY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 73.5%
AMEX:ACY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 1.2%
United States of America Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 6.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
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
AMEX:ACY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:ACY Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31 32 17 2 1
2018-12-31 28 19 -4 1
AMEX:ACY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 33 16 2
2018-06-30 34 17 7
2018-03-31 35 15 7
2017-12-31 34 15 7
2017-09-30 32 14 1
2017-06-30 30 12 1
2017-03-31 27 10 1
2016-12-31 25 11 1
2016-09-30 24 12 4
2016-06-30 24 13 5
2016-03-31 26 13 6
2015-12-31 27 11 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AeroCentury's earnings are expected to grow significantly at over 20% yearly.
  • AeroCentury's revenue is expected to grow by 1.2% 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
AMEX:ACY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from AeroCentury Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:ACY Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31 1.35 1.35 1.35 1.00
2018-12-31 -2.94 -2.94 -2.94 1.00
AMEX:ACY Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 1.25
2018-06-30 4.69
2018-03-31 5.00
2017-12-31 5.10
2017-09-30 0.90
2017-06-30 0.97
2017-03-31 0.91
2016-12-31 0.78
2016-09-30 2.78
2016-06-30 3.25
2016-03-31 3.95
2015-12-31 4.17

*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.
  • Unable to establish if AeroCentury will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess AeroCentury'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.
AeroCentury has a total score of 3/6, 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.

Past Performance

  How has AeroCentury 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 AeroCentury'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.
  • AeroCentury's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • AeroCentury's 1-year earnings growth exceeds its 5-year average (31.9% vs 16.6%)
  • AeroCentury's earnings growth has exceeded the US Trade Distributors industry average in the past year (31.9% vs 15.7%).
Earnings and Revenue History
AeroCentury'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 AeroCentury Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:ACY Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 33.35 1.77 7.60
2018-06-30 34.25 6.64 7.57
2018-03-31 34.72 7.08 7.52
2017-12-31 34.46 7.40 7.71
2017-09-30 31.93 1.34 7.80
2017-06-30 29.87 1.49 8.13
2017-03-31 26.76 1.43 8.35
2016-12-31 25.35 1.22 8.03
2016-09-30 24.04 4.34 7.71
2016-06-30 24.47 5.06 7.35
2016-03-31 26.03 6.12 7.11
2015-12-31 26.56 6.44 7.18
2015-09-30 26.16 3.87 6.00
2015-06-30 24.28 -5.64 6.09
2015-03-31 24.71 -10.91 6.73
2014-12-31 25.56 -11.29 6.84
2014-09-30 25.02 -12.63 8.16
2014-06-30 30.75 -0.36 8.13
2014-03-31 29.56 4.90 7.33
2013-12-31 33.92 8.34 7.07
2013-09-30 35.84 10.97 6.86
2013-06-30 32.37 8.06 6.64
2013-03-31 33.07 7.68 6.79
2012-12-31 27.87 5.19 6.55
2012-09-30 27.36 4.62 6.27
2012-06-30 26.35 3.26 5.95
2012-03-31 25.07 2.15 5.82

*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.
  • AeroCentury has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AeroCentury used its assets less efficiently than the US Trade Distributors industry average last year based on Return on Assets.
  • AeroCentury has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AeroCentury'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.
AeroCentury has a total score of 4/6, 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.

Health

 How is AeroCentury'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 AeroCentury's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AeroCentury's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • AeroCentury's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of AeroCentury'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 0.3x 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 AeroCentury Company Filings, last reported 5 months ago.

AMEX:ACY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 43.12 140.25 6.77
2018-06-30 47.60 147.64 4.38
2018-03-31 47.68 133.77 4.79
2017-12-31 47.37 145.60 8.66
2017-09-30 41.35 154.20 6.53
2017-06-30 40.96 147.43 4.16
2017-03-31 40.61 129.25 2.81
2016-12-31 42.50 125.84 2.19
2016-09-30 42.54 126.61 3.58
2016-06-30 42.01 76.37 2.22
2016-03-31 41.71 99.22 2.89
2015-12-31 41.28 107.62 2.72
2015-09-30 38.20 119.44 2.43
2015-06-30 36.95 124.27 3.24
2015-03-31 35.59 126.11 1.88
2014-12-31 34.84 129.49 1.84
2014-09-30 34.34 108.35 2.59
2014-06-30 42.58 101.46 5.91
2014-03-31 46.50 104.98 4.93
2013-12-31 46.13 77.53 2.11
2013-09-30 50.49 64.53 5.08
2013-06-30 50.83 69.63 7.65
2013-03-31 49.93 67.57 2.40
2012-12-31 45.88 67.87 1.60
2012-09-30 44.09 79.99 4.82
2012-06-30 42.98 82.93 3.22
2012-03-31 42.02 72.20 1.70
  • AeroCentury's level of debt (325.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (128.2% vs 325.3% today).
  • Debt is not well covered by operating cash flow (11.2%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess AeroCentury'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. AeroCentury has a total score of 0/6, 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.

Dividends

 What is AeroCentury'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
0%
Current annual income from AeroCentury dividends.
If you bought $2,000 of AeroCentury shares you are expected to receive $0 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?
  • Unable to evaluate AeroCentury's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate AeroCentury's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
AMEX:ACY 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 1 Analyst Estimates (S&P Global) See Below
United States of America Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 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.

AMEX:ACY Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2019-12-31
2018-12-31

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

  • Unable to perform a dividend volatility check as AeroCentury has not reported any payouts.
  • Unable to verify if AeroCentury's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of AeroCentury's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as AeroCentury has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess AeroCentury'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 AeroCentury afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AeroCentury has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of AeroCentury'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
Michael Magnusson
COMPENSATION $375,000
AGE 61
TENURE AS CEO 2.5 years
CEO Bio

Mr. Michael Gerhard Magnusson has been Managing Director of JetFleet Management Corporation since September 6, 2016. Mr. Magnusson also has been the Chief Executive Officer and President at AeroCentury Corp. since September 6, 2016. He is Director at AeroCentury Corp. since May 03, 2018. He has more than 30 years of experience in the global aviation and leasing industry. He served as a Partner of SAL Solutions from 2015 to September 6, 2016. From 1982 to 2015, he was with Saab Aircraft Leasing, in positions of increasing responsibility, served as President and Chief Executive Officer from 1998 to 2015. He was a Founding Partner of an independent consulting company. He is fluent in Swedish and English and conversant in Spanish. Mr. Magnusson earned his Masters of Aeronautical Engineering from the Royal Institute of Technology in Stockholm, Sweden in 1982 and served in the Swedish army.

CEO Compensation
  • Michael's compensation has been consistent with company performance over the past year.
  • Michael's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

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

18.2
Average Tenure
58.5
Average Age
  • The average tenure for the AeroCentury management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Michael Magnusson

TITLE
President
COMPENSATION
$375K
AGE
61
TENURE
2.5 yrs

Toni Perazzo

TITLE
Senior VP-Finance
COMPENSATION
$420K
AGE
71
TENURE
25.2 yrs

Frank Pegueros

TITLE
Senior Vice President of Operations
AGE
58

Brian Ginna

TITLE
Vice President of Corporate Development
AGE
49
TENURE
18.2 yrs

Christopher Tigno

TITLE
General Counsel
AGE
56

Glenn Roberts

TITLE
VP & Controller
COMPENSATION
$101K
AGE
53

Jack Humphreys

TITLE
Vice President of Maintenance
AGE
70

Harold Lyons

TITLE
Vice President of Finance
AGE
59

Hans Middelkoop

TITLE
Vice President of Technical Services

Tom Stevens

TITLE
Vice President of Technical Services
Board of Directors Tenure

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

4.1
Average Tenure
63
Average Age
  • The tenure for the AeroCentury board of directors is about average.
Board of Directors

Evan Wallach

TITLE
Chairman of the Board
COMPENSATION
$40K
AGE
63
TENURE
2.8 yrs

Michael Magnusson

TITLE
President
COMPENSATION
$375K
AGE
61
TENURE
0.8 yrs

Toni Perazzo

TITLE
Senior VP-Finance
COMPENSATION
$420K
AGE
71
TENURE
22.2 yrs

Roy Hahn

TITLE
Director
COMPENSATION
$29K
AGE
66
TENURE
11.4 yrs

Dave Wilson

TITLE
Director
COMPENSATION
$26K
AGE
63
TENURE
4.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess AeroCentury'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. AeroCentury 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.

News

Simply Wall St News

Do Institutions Own AeroCentury Corp. (NYSEMKT:ACY) Shares?

The big shareholder groups in AeroCentury Corp. … With a market capitalization of US$19m, AeroCentury is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for AeroCentury

Simply Wall St -

Here's What AeroCentury Corp.'s (NYSEMKT:ACY) ROCE Can Tell Us

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 measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

How Much Of AeroCentury Corp (NYSEMKT:ACY) Do Insiders Own?

The big shareholder groups in AeroCentury Corp (NYSEMKT:ACY) have power over the company. … Generally speaking, as a company grows, institutions will increase their ownership. … With a market capitalization of US$19m, AeroCentury is a small cap stock, so it might not be well known by many institutional investors.

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Is AeroCentury Corp's (NYSEMKT:ACY) PE Ratio A Signal To Buy For Investors?

and want to learn about the link between company’s fundamentals and stock market performance. … While this makes ACY appear like a good stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio. … I will break down what the P/E ratio is, how to interpret it and what to watch out for

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Can AeroCentury Corp's (NYSEMKT:ACY) ROE Continue To Surpass The Industry Average?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … If ACY borrows debt to invest in its business, its profits will be higher. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface.

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Who Are AeroCentury Corp's (NYSEMKT:ACY) Major Shareholders?

In this analysis, my focus will be on developing a perspective on AeroCentury Corp’s (NYSEMKT:ACY) latest ownership structure, a less discussed, but important factor. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … It also impacts the trading environment of company shares, which is more of a concern for short-term investors.

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Should You Buy AeroCentury Corp (NYSEMKT:ACY)?

AeroCentury Corp (NYSEMKT:ACY) has been on my radar for a while, and I've been consistently disappointed in its investment thesis. … AeroCentury Corp., together with its subsidiaries, acquires and leases aircraft and aircraft engines to regional airlines in the United States and internationally … Started in 1989, it operates in United States and is recently valued at US$20.68m

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Are You Backing The Right Horse With AeroCentury Corp (NYSEMKT:ACY)?

As a future industry laggard in growth, AeroCentury may be a cheaper stock relative to its peers. … AMEX:ACY PE PEG Gauge May 9th 18 The distribution industry is trading at a PE ratio of 13.71x, in-line with the US stock market PE of 18.25x. … Next Steps: AeroCentury is a distribution industry laggard in terms of its future growth outlook.

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Who Are AeroCentury Corp's (NYSEMKT:ACY) Major Shareholders?

Broadly, insider ownership of this level has been found to negatively affect companies with consistently low PE ratio (underperforming). … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Private Company Ownership Another group of owners that a potential investor in ACY should consider are private companies, with a stake of 15.94%.

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Why You Should Be Bearish On AeroCentury Corp (NYSEMKT:ACY)

The biggest risks I see are around the sustainability of its future growth, the opportunity cost of investing in the stock accounting for the returns I could have gotten in other peers, and its cash-to-debt management. … Although ACY has high near term liquidity, with short term assets (cash and other liquid assets) covering upcoming one-year liabilities, it is not enough to cover longer term liabilities. … One reason I do like ACY as a business is the lack of fixed assets on its balance sheet.

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Company Info

Description

AeroCentury Corp., together with its subsidiaries, acquires and leases aircraft and aircraft engines to regional airlines in the United States and internationally. The company provides operating and finance leasing services of mid-life regional aircraft to carriers. It also sells aircraft from its operating lease portfolio to third parties, which includes other leasing companies, financial services companies, and airlines, as well as engages in parting out aircraft. AeroCentury Corp. was founded in 1989 and is headquartered in Burlingame, California.

Details
Name: AeroCentury Corp.
ACY
Exchange: AMEX
Founded: 1989
$19,451,743
1,545,924
Website: http://www.aerocentury.com
Address: AeroCentury Corp.
1440 Chapin Avenue,
Suite 310,
Burlingame,
California, 94010,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX ACY Common Shares NYSE MKT LLC US USD 16. Jan 1998
Number of employees
Current staff
Staff numbers
0
AeroCentury employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 23:32
End of day share price update: 2019/03/18 00:00
Last estimates confirmation: 2018/11/29
Last earnings filing: 2018/11/08
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.