First Time Loading...

Air Lease Corp
NYSE:AL

Watchlist Manager
Air Lease Corp Logo
Air Lease Corp
NYSE:AL
Watchlist
Price: 51.44 USD 1.34% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

AL's intrinsic value estimate is unreliable because it is based only on its multiples and doesn't use a DCF valuation.

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%.

Key Points:
AL Intrinsic Value
Base Case
164.62 USD
Undervaluation 69%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Air Lease Corp

Backtest AL Intrinsic Value
Dive into the past to invest in the future

Run backtest to discover the historical profit from buying and selling AL stocks based on their intrinsic value.

Analyze the historical link between intrinsic value and market price to make more informed investment decisions.

Run Backtest
Settings
Valuation Methods
Buy/Sell Thresholds
Buy When:
%
Sell When:
%
B
S
Run Backtest
How does it work?

Fundamental Analysis

ALC Posts Record Revenues Amid Strong Demand
2023-Q4 Earnings Call

ALC Posts Record Revenues Amid Strong Demand

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.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

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.

Positive Operating Income
Positive 3-Years Revenue Growth
Positive Revenue Growth Forecast
Positive 1-Year Revenue Growth
47/100
Profitability
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.

Long-Term Solvency
High D/E
Short-Term Solvency
Positive Net Debt
15/100
Solvency
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

Wall Street analysts forecast AL stock price to rise over the next 12 months.

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.

Lowest
Price Target
41.41 USD
19% Downside
Average
Price Target
53.62 USD
4% Upside
Highest
Price Target
65.1 USD
27% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

AL Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

AL Price
Air Lease Corp

1M 1M
+28%
6M 6M
+31%
1Y 1Y
+36%
3Y 3Y
+8%
5Y 5Y
+62%
10Y 10Y
+54%
Annual Price Range
51.44
52w Low
33.77
52w High
51.44
Price Metrics
Average Annual Return 6.87%
Standard Deviation of Annual Returns 23.08%
Max Drawdown -78%
Shares Statistics
Market Capitalization 5.7B USD
Shares Outstanding 111 027 000
Percentage of Shares Shorted 1.48%

AL Return Decomposition
Main factors of price return

What is price return decomposition?

AL News

Other Videos

Company Profile

Air Lease Corp Logo
Air Lease Corp

Country

United States of America

Industry

Trading Companies & Distributors

Market Cap

5.7B USD

Dividend Yield

1.65%

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

CALIFORNIA
Los Angeles
2000 Avenue of the Stars Ste 1000N
+13105530555.0
https://airleasecorp.com/

IPO

2011-04-19

Employees

129

Officers

Executive Chairman of the Board
Mr. Steven F. Udvar-Hazy
CEO, President & Director
Mr. John L. Plueger
Executive Vice President of Marketing & Commercial Affairs
Mr. Grant A. Levy
Executive Vice President of Marketing
Mr. Kishore Korde
Vice President of Investor Relations
Mr. Jason Arnold
Executive VP, General Counsel, Corporate Secretary & Chief Compliance Officer
Ms. Carol H. Forsyte
Show More
Senior Vice President of Human Resources
Ms. Courtney McKeown
Executive Vice President
Mr. Alex A. Khatibi
Executive Vice President of Aircraft Procurement & Specification
Mr. John D. Poerschke
Senior Vice President of Technical Asset Management
Mr. Eric Hoogenkamp
Show Less

See Also

Discover More
What is the Intrinsic Value of one AL stock?

The intrinsic value of one AL stock under the Base Case scenario is 164.62 USD.

Is AL stock undervalued or overvalued?

Compared to the current market price of 51.44 USD, Air Lease Corp is Undervalued by 69%.