Financials Air Lease Corporation

Equities

AL

US00912X3026

Business Support Services

Market Closed - Nyse 21:00:02 24/05/2024 BST 5-day change 1st Jan Change
48.55 USD +1.74% Intraday chart for Air Lease Corporation -1.46% +15.76%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,356 5,054 5,042 4,260 4,656 5,407 - -
Enterprise Value (EV) 1 18,617 19,815 20,956 22,122 23,375 25,683 26,668 29,376
P/E ratio 9.34 x 10.1 x 12.4 x -31 x 8.16 x 11.3 x 9.4 x 8.68 x
Yield 1.18% 1.37% 1.51% 1.97% - 1.81% 1.87% 1.6%
Capitalization / Revenue 2.66 x 2.51 x 2.41 x 1.84 x 1.73 x 1.9 x 1.74 x 1.67 x
EV / Revenue 9.23 x 9.83 x 10 x 9.55 x 8.71 x 9.04 x 8.56 x 9.05 x
EV / EBITDA 9.94 x 10.4 x 10.8 x 16.1 x 9.75 x 9.92 x 9.46 x 9.6 x
EV / FCF -7.27 x -28.2 x -15.4 x 12.7 x -9.96 x -55.4 x -77.5 x -
FCF Yield -13.8% -3.54% -6.49% 7.86% -10% -1.81% -1.29% -
Price to Book 0.96 x 0.83 x 0.72 x 0.64 x 0.65 x 0.71 x 0.67 x 0.61 x
Nbr of stocks (in thousands) 112,704 113,779 113,987 110,892 111,027 111,367 - -
Reference price 2 47.52 44.42 44.23 38.42 41.94 48.55 48.55 48.55
Announcement Date 14/02/20 22/02/21 17/02/22 16/02/23 15/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,017 2,015 2,088 2,317 2,685 2,841 3,116 3,247
EBITDA 1 1,873 1,902 1,937 1,373 2,397 2,589 2,820 3,059
EBIT 1 1,170 1,121 1,054 1,179 1,396 1,342 1,500 1,676
Operating Margin 57.99% 55.64% 50.47% 50.87% 51.98% 47.24% 48.15% 51.61%
Earnings before Tax (EBT) 1 735.7 646.7 541 -138.8 753.6 659.6 780.3 855.1
Net income 1 575.2 500.9 408.2 -138.7 572.9 501.3 608.7 677.2
Net margin 28.52% 24.85% 19.54% -5.99% 21.34% 17.65% 19.53% 20.86%
EPS 2 5.090 4.390 3.570 -1.240 5.140 4.308 5.166 5.595
Free Cash Flow 1 -2,562 -702.4 -1,359 1,739 -2,348 -464 -344 -
FCF margin -127.05% -34.85% -65.07% 75.05% -87.43% -16.34% -11.04% -
FCF Conversion (EBITDA) - - - 126.64% - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.5600 0.6100 0.6700 0.7550 - 0.8774 0.9065 0.7762
Announcement Date 14/02/20 22/02/21 17/02/22 16/02/23 15/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 597.2 596.7 557.7 561.3 601.6 636.1 672.9 659.4 716.6 663.3 711.3 731.8 757.7 762 777
EBITDA 1 548.9 566.4 512.6 515.9 580.8 582.6 618.4 607.9 588.5 607.3 642.4 664.1 686.5 - -
EBIT 1 318 331.1 277.3 273.3 297.1 323 349.8 340.5 382.4 330 347.1 361.4 357.1 - -
Operating Margin 53.26% 55.49% 49.73% 48.7% 49.38% 50.77% 51.98% 51.64% 53.36% 49.76% 48.81% 49.39% 47.13% - -
Earnings before Tax (EBT) 1 188.4 -601.7 144.9 137.8 180.2 158.3 164 165 266.4 135.3 167.6 174.8 182.3 197 199
Net income 1 142.3 -479.4 105.9 99.96 134.9 118.3 122 122 210.6 97.44 125.2 135.8 144.2 149 151
Net margin 23.83% -80.35% 18.98% 17.81% 22.42% 18.6% 18.13% 18.51% 29.39% 14.69% 17.61% 18.56% 19.03% 19.55% 19.43%
EPS 2 1.240 -4.210 0.9500 0.9000 1.120 1.060 1.100 1.100 1.890 0.8700 1.085 1.145 1.226 1.128 1.276
Dividend per Share 2 0.1850 0.1850 0.1850 0.1850 0.2000 0.2000 0.2000 - - - 0.1722 0.1857 0.1884 0.2200 0.2200
Announcement Date 17/02/22 05/05/22 04/08/22 03/11/22 16/02/23 01/05/23 03/08/23 06/11/23 15/02/24 06/05/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 13,261 14,761 15,914 17,861 18,718 20,276 21,261 23,969
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 7.082 x 7.76 x 8.218 x 13.01 x 7.808 x 7.831 x 7.539 x 7.836 x
Free Cash Flow 1 -2,562 -702 -1,359 1,739 -2,348 -464 -344 -
ROE (net income / shareholders' equity) 15% 8.57% 6.24% 9.66% 8.3% 6.61% 8.61% 8%
ROA (Net income/ Total Assets) 3.89% 2.13% 1.56% -0.5% 1.95% 1.5% 2.07% 1.9%
Assets 1 14,796 23,462 26,092 27,684 29,424 33,471 29,366 35,643
Book Value Per Share 2 49.60 53.30 61.50 59.90 64.50 68.40 73.00 79.20
Cash Flow per Share 2 12.30 9.560 12.00 12.40 15.70 19.80 14.60 -
Capex 1 3,955 1,793 2,736 3,121 4,094 4,465 2,452 -
Capex / Sales 196.09% 88.94% 131% 134.7% 152.5% 157.19% 78.69% -
Announcement Date 14/02/20 22/02/21 17/02/22 16/02/23 15/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
48.55 USD
Average target price
56.29 USD
Spread / Average Target
+15.93%
Consensus
  1. Stock Market
  2. Equities
  3. AL Stock
  4. Financials Air Lease Corporation