Air Lease Corp
NYSE:AL
Intrinsic Value
Air Lease Corp. engages in the provision of aircraft leasing business. [ Read More ]
The intrinsic value of one AL stock under the Base Case scenario is 164.62 USD. Compared to the current market price of 51.44 USD, Air Lease Corp is Undervalued by 69%.
Valuation Backtest
Air Lease Corp
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Fundamental Analysis
ALC Posts Record Revenues Amid Strong Demand
2023-Q4 Earnings Call
Air Lease Corporation (ALC) achieved record quarterly revenues of $717 million, a 19% year-over-year rise, and marked a diluted EPS growth of 56%. Full-year utilization of their fleet was 99.9%, with solid insurance claims from prior setbacks. ALC foresees strong airfreight trends due to geopolitical tensions, aligning with their A350 freighter orders. Looking ahead, they project $4.5 to $5.5 billion in 2024 investments, with about $1 billion expected in Q1 2024, and $1.5 billion in anticipated aircraft sales, likely realizing $200 million in Q1 2024 sales. The global increase in air traffic volumes, higher load factors pressuring airlines to find additional capacity, and the airline industry's forecasted revenue of $1 trillion in 2024 signal robust expansion. ALC's strategic positioning in fleet and order book pricing, coupled with significant aircraft demand and supply constraints, underscore their strong market position.
Balance Sheet Decomposition
Air Lease Corp
Current Assets | 460.9m |
Cash & Short-Term Investments | 460.9m |
Non-Current Assets | 30B |
PP&E | 26.2B |
Other Non-Current Assets | 3.8B |
Current Liabilities | 2.7B |
Accrued Liabilities | 1.2B |
Other Current Liabilities | 1.5B |
Non-Current Liabilities | 20.6B |
Long-Term Debt | 19.2B |
Other Non-Current Liabilities | 1.4B |
Earnings Waterfall
Air Lease Corp
Revenue
|
2.7B
USD
|
Operating Expenses
|
-1.3B
USD
|
Operating Income
|
1.4B
USD
|
Other Expenses
|
-822.7m
USD
|
Net Income
|
572.9m
USD
|
Free Cash Flow Analysis
Air Lease Corp
What is Free Cash Flow?
AL Profitability Score
Profitability Due Diligence
Air Lease Corp's profitability score is 47/100. The higher the profitability score, the more profitable the company is.
Score
Air Lease Corp's profitability score is 47/100. The higher the profitability score, the more profitable the company is.
AL Solvency Score
Solvency Due Diligence
Air Lease Corp's solvency score is 15/100. The higher the solvency score, the more solvent the company is.
Score
Air Lease Corp's solvency score is 15/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
AL Price Targets Summary
Air Lease Corp
According to Wall Street analysts, the average 1-year price target for AL is 53.62 USD with a low forecast of 41.41 USD and a high forecast of 65.1 USD.
Ownership
AL Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
AL Price
Air Lease Corp
Average Annual Return | 6.87% |
Standard Deviation of Annual Returns | 23.08% |
Max Drawdown | -78% |
Market Capitalization | 5.7B USD |
Shares Outstanding | 111 027 000 |
Percentage of Shares Shorted | 1.48% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Air Lease Corp. engages in the provision of aircraft leasing business. The company is headquartered in Los Angeles, California and currently employs 129 full-time employees. The company went IPO on 2011-04-19. The firm is engaged in purchasing new commercial jet aircraft directly from manufacturers, such as The Boeing Company (Boeing) and Airbus S.A.S (Airbus), and leases these aircraft to airlines throughout the world with the intention to generate returns on equity. In addition to its leasing activities, it sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, airlines, and other investors. The firm also provides fleet management services to investors and owners of aircraft portfolios for a management fee. The firm owns a fleet of approximately 354 aircraft in its operating lease portfolio, manages approximately 89 aircraft and has 338 aircraft on order with aircraft manufacturers and approximately 24 aircraft purchase options.
Contact
IPO
Employees
Officers
The intrinsic value of one AL stock under the Base Case scenario is 164.62 USD.
Compared to the current market price of 51.44 USD, Air Lease Corp is Undervalued by 69%.