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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.04
AL's Cash to Debt is ranked lower than
64% of the 240 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 0.50 vs. AL: 0.04 )
AL' s 10-Year Cash to Debt Range
Min: 0.04   Max: No Debt
Current: 0.04

Equity to Asset 0.26
AL's Equity to Asset is ranked lower than
55% of the 236 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 0.42 vs. AL: 0.26 )
AL' s 10-Year Equity to Asset Range
Min: 0.26   Max: 0.57
Current: 0.26

0.26
0.57
Interest Coverage 2.88
AL's Interest Coverage is ranked lower than
60% of the 169 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 12.14 vs. AL: 2.88 )
AL' s 10-Year Interest Coverage Range
Min: 1.44   Max: 2.88
Current: 2.88

1.44
2.88
F-Score: 5
Z-Score: 0.54
M-Score: -2.42
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 56.58
AL's Operating margin (%) is ranked higher than
97% of the 240 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 8.23 vs. AL: 56.58 )
AL' s 10-Year Operating margin (%) Range
Min: 24.6   Max: 56.58
Current: 56.58

24.6
56.58
Net-margin (%) 22.17
AL's Net-margin (%) is ranked higher than
93% of the 240 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 5.18 vs. AL: 22.17 )
AL' s 10-Year Net-margin (%) Range
Min: 15.81   Max: 22.17
Current: 22.17

15.81
22.17
ROE (%) 7.55
AL's ROE (%) is ranked higher than
61% of the 241 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 9.39 vs. AL: 7.55 )
AL' s 10-Year ROE (%) Range
Min: 2.45   Max: 7.55
Current: 7.55

2.45
7.55
ROA (%) 2.04
AL's ROA (%) is ranked higher than
56% of the 245 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 3.31 vs. AL: 2.04 )
AL' s 10-Year ROA (%) Range
Min: 1.03   Max: 2.04
Current: 2.04

1.03
2.04
ROC (Joel Greenblatt) (%) 6.38
AL's ROC (Joel Greenblatt) (%) is ranked higher than
54% of the 241 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 11.95 vs. AL: 6.38 )
AL' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 1.94   Max: 6.38
Current: 6.38

1.94
6.38
» AL's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

AL Guru Trades in Q3 2013

George Soros 400,000 sh (New)
John Keeley 2,051,594 sh (+25.12%)
Paul Tudor Jones 59,200 sh (+4.59%)
Chuck Royce 2,167,960 sh (+3.95%)
Murray Stahl 826,488 sh (-5.14%)
Ron Baron 2,760,209 sh (-8.12%)
Jim Simons 293,900 sh (-22.66%)
» More
Q4 2013

AL Guru Trades in Q4 2013

Steven Cohen 160,002 sh (New)
George Soros 800,000 sh (+100%)
John Keeley 2,117,234 sh (+3.2%)
Chuck Royce 2,187,003 sh (+0.88%)
Jim Simons 294,800 sh (+0.31%)
Louis Moore Bacon 150,000 sh (unchged)
Ron Baron 2,758,809 sh (-0.05%)
Paul Tudor Jones 55,589 sh (-6.1%)
Murray Stahl 751,106 sh (-9.12%)
» More
Q1 2014

AL Guru Trades in Q1 2014

Ron Baron 5,044,944 sh (+82.87%)
Jim Simons 357,400 sh (+21.23%)
Steven Cohen Sold Out
Chuck Royce 2,165,560 sh (-0.98%)
John Keeley 1,999,662 sh (-5.55%)
Paul Tudor Jones 37,623 sh (-32.32%)
Murray Stahl 446,784 sh (-40.52%)
George Soros 400,000 sh (-50%)
» More
Q2 2014

AL Guru Trades in Q2 2014

Ron Baron 6,279,907 sh (+24.48%)
Paul Tudor Jones 46,717 sh (+24.17%)
John Keeley 1,809,972 sh (-9.49%)
Chuck Royce 1,553,060 sh (-28.28%)
Jim Simons 251,700 sh (-29.57%)
George Soros 250,000 sh (-37.5%)
Murray Stahl 22,168 sh (-95.04%)
» More
» Details

Insider Trades

Latest Guru Trades with AL

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2014-06-30 Add 24.48%0.19%$34.68 - $42.44 $ 38.460%6279907
John Keeley 2014-06-30 Reduce -9.49%0.12%$34.68 - $42.44 $ 38.460%1809972
George Soros 2014-06-30 Reduce -37.5%0.06%$34.68 - $42.44 $ 38.460%250000
Ron Baron 2014-03-31 Add 82.87%0.35%$30.27 - $37.69 $ 38.4614%5044944
George Soros 2014-03-31 Reduce -50%0.11%$30.27 - $37.69 $ 38.4614%400000
George Soros 2013-12-31 Add 100%0.11%$27.73 - $33.29 $ 38.4626%800000
John Keeley 2013-09-30 Add 25.12%0.2%$25.8 - $28.67 $ 38.4640%2051594
George Soros 2013-09-30 New Buy0.12%$25.8 - $28.67 $ 38.4640%400000
Ron Baron 2013-06-30 Reduce -20.08%0.12%$26.18 - $30.58 $ 38.4637%3004043
Wilbur Ross 2013-03-31 Sold Out 8.3%$21.5 - $29.36 $ 38.4649%0
John Keeley 2012-12-31 New Buy0.8%$20.26 - $22.75 $ 38.4678%1667574
Ron Baron 2012-12-31 Reduce -20.67%0.14%$20.26 - $22.75 $ 38.4678%4118049
Ron Baron 2012-06-30 New Buy0.69%$18.93 - $24.86 $ 38.4674%5630936
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on Air Lease Corp

Ron Baron Comments on Air Lease Corp - Jul 28, 2014

Air Lease Corp. (AL) purchases commercial aircraft to lease to airlines around the world. AL currently owns 196 modern aircraft, with 331 new airplanes (worth $23 billion) on order to satisfy U.S. and European carriers’ demand for more fuel-efficient models to replace their aging fleet and emerging markets’ need for more lift. Passenger traffic growth remains strong, up 6.2% (IATA data) through May, consistent with historical trends of outpacing GDP growth. AL’s revenues (+28% in the first quarter of 2014) and earnings per share (+50%) are growing impressively as its fleet builds. An investment grade rating and strengthening credit profile should enable AL to continue to get favorable financing in the capital markets and de-risk its balance sheet with more unsecured, fixed rate debt. AL has approximately 91% of leases placed through 2016 and is well capitalized for a long “runway” of profitable growth. (David Goldsmith)

From Ron Baron (Trades, Portfolio)’s Baron Funds Second Quarter 2014 Report.

Check out Ron Baron latest stock trades

Baron Funds Comments on Air Lease Corp - May 21, 2014

Air Lease Corp. (AL) is an aircraft leasing company led by Steve Udvar-Hazy, who co-founded the aircraft leasing business in 1973. The company offers a young, fuel-efficient fleet to meet strong demand for replacement of aging aircrafts and more lift capacity in Asia. Historically, global airline traffic has doubled every 15 years and is projected to grow 5% annually over the next four years. Lessors' share of the market is growing too. Air Lease provides its customers favor able delivery slots, as w ell as fleet and balance sheet flexibility. Air Lease is well-capitalized, and recently secured an investment grade rating that should help keep financing costs low. The company has placed all deliveries through 2015, as part of a $27 billion order book (vs. its current $7.6 billion fleet). We believe Air Lease is well positioned for a long "runway" of profitable growth. (David Goldsmith





From Baron Funds' first quarter 2014 letter to shareholders.



Check out Ron Baron latest stock trades

Baron Funds Comments on Air Lease Corp - May 21, 2014

Shares of Air Lease Corp. (AL), an aircraft leasing company, were up in the first quarter on reports of strong sales and earnings in the fourth quarter. Air Lease offers a young, fuel-efficient fleet to satisfy strong demand for replacement of older aircraft and more lift capacity in emerging markets, particularly Asia. The company has secured an investment grade rating to keep financing costs low and as part of a $27 billion order book, has placed all deliveries through 2015.We believe Air Lease is well positioned for a long "runway" of profitable growth. (David Goldsmith)





From Baron Funds' first quarter 2014 letter to shareholders.



Check out Ron Baron latest stock trades

Top Ranked Articles about Air Lease Corp

Ron Baron Comments on Air Lease Corp
Air Lease Corp. (AL) purchases commercial aircraft to lease to airlines around the world. AL currently owns 196 modern aircraft, with 331 new airplanes (worth $23 billion) on order to satisfy U.S. and European carriers’ demand for more fuel-efficient models to replace their aging fleet and emerging markets’ need for more lift. Passenger traffic growth remains strong, up 6.2% (IATA data) through May, consistent with historical trends of outpacing GDP growth. AL’s revenues (+28% in the first quarter of 2014) and earnings per share (+50%) are growing impressively as its fleet builds. An investment grade rating and strengthening credit profile should enable AL to continue to get favorable financing in the capital markets and de-risk its balance sheet with more unsecured, fixed rate debt. AL has approximately 91% of leases placed through 2016 and is well capitalized for a long “runway” of profitable growth. (David Goldsmith) Read more...
Baron Funds Comments on Air Lease Corp
Shares of Air Lease Corp. (AL), an aircraft leasing company, were up in the first quarter on reports of strong sales and earnings in the fourth quarter. Air Lease offers a young, fuel-efficient fleet to satisfy strong demand for replacement of older aircraft and more lift capacity in emerging markets, particularly Asia. The company has secured an investment grade rating to keep financing costs low and as part of a $27 billion order book, has placed all deliveries through 2015.We believe Air Lease is well positioned for a long "runway" of profitable growth. (David Goldsmith) Read more...
Baron Funds Comments on Air Lease Corp
Air Lease Corp. (AL) is an aircraft leasing company led by Steve Udvar-Hazy, who co-founded the aircraft leasing business in 1973. The company offers a young, fuel-efficient fleet to meet strong demand for replacement of aging aircrafts and more lift capacity in Asia. Historically, global airline traffic has doubled every 15 years and is projected to grow 5% annually over the next four years. Lessors' share of the market is growing too. Air Lease provides its customers favor able delivery slots, as w ell as fleet and balance sheet flexibility. Air Lease is well-capitalized, and recently secured an investment grade rating that should help keep financing costs low. The company has placed all deliveries through 2015, as part of a $27 billion order book (vs. its current $7.6 billion fleet). We believe Air Lease is well positioned for a long "runway" of profitable growth. (David Goldsmith Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 17.90
AL's P/E(ttm) is ranked higher than
71% of the 259 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 20.00 vs. AL: 17.90 )
AL' s 10-Year P/E(ttm) Range
Min: 16.08   Max: 2637
Current: 17.9

16.08
2637
P/B 1.50
AL's P/B is ranked higher than
72% of the 259 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 1.94 vs. AL: 1.50 )
AL' s 10-Year P/B Range
Min: 0.86   Max: 1.64
Current: 1.5

0.86
1.64
P/S 4.40
AL's P/S is ranked lower than
57% of the 259 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 1.38 vs. AL: 4.40 )
AL' s 10-Year P/S Range
Min: 3.5   Max: 13.45
Current: 4.4

3.5
13.45
EV-to-EBIT 17.29
AL's EV-to-EBIT is ranked higher than
68% of the 259 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 20.35 vs. AL: 17.29 )
AL' s 10-Year EV-to-EBIT Range
Min: 17.6   Max: 83.2
Current: 17.29

17.6
83.2
Current Ratio 1.52
AL's Current Ratio is ranked higher than
62% of the 165 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 1.57 vs. AL: 1.52 )
AL' s 10-Year Current Ratio Range
Min: 1.52   Max: 17.73
Current: 1.52

1.52
17.73
Quick Ratio 1.52
AL's Quick Ratio is ranked higher than
68% of the 165 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 1.31 vs. AL: 1.52 )
AL' s 10-Year Quick Ratio Range
Min: 1.52   Max: 17.73
Current: 1.52

1.52
17.73

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.30
AL's Dividend Yield is ranked lower than
93% of the 163 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 1.78 vs. AL: 0.30 )
AL' s 10-Year Dividend Yield Range
Min: 0.08   Max: 0.34
Current: 0.3

0.08
0.34
Dividend Payout 0.05
AL's Dividend Payout is ranked higher than
99% of the 259 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 1.57 vs. AL: 0.05 )
AL' s 10-Year Dividend Payout Range
Min: 0.05   Max: 0.07
Current: 0.05

0.05
0.07
Yield on cost (5-Year) 0.30
AL's Yield on cost (5-Year) is ranked lower than
93% of the 164 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 2.18 vs. AL: 0.30 )
AL' s 10-Year Yield on cost (5-Year) Range
Min: 0.08   Max: 0.34
Current: 0.3

0.08
0.34

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.49
AL's Price/Tangible Book is ranked higher than
75% of the 259 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 2.68 vs. AL: 1.49 )
AL' s 10-Year Price/Tangible Book Range
Min: 0.88   Max: 1.48
Current: 1.49

0.88
1.48
Price/Median PS Value 1.01
AL's Price/Median PS Value is ranked higher than
80% of the 259 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 1.23 vs. AL: 1.01 )
AL' s 10-Year Price/Median PS Value Range
Min: 0.81   Max: 2.85
Current: 1.01

0.81
2.85
Price/Graham Number 1.06
AL's Price/Graham Number is ranked higher than
80% of the 259 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 1.89 vs. AL: 1.06 )
AL' s 10-Year Price/Graham Number Range
Min: 0.83   Max: 1.93
Current: 1.06

0.83
1.93
Earnings Yield (Greenblatt) 5.80
AL's Earnings Yield (Greenblatt) is ranked higher than
61% of the 232 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 6.20 vs. AL: 5.80 )
AL' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.2   Max: 5.7
Current: 5.8

1.2
5.7

Business Description

Industry: Consulting & Outsourcing » Rental & Leasing Services
Compare: » details
Traded in other countries:AVLA.Germany
Air Lease Corporation was incorporated in Delaware and launched in February 2010. It is a aircraft leasing company. The Company is principally engaged in purchasing commercial aircraft which it, in turns, leases to airlines around the world to generate attractive returns on equity. It leases its aircraft to airlines pursuant to net operating leases that require the lessee to pay for maintenance, insurance, taxes and all other aircraft operating expenses during the lease term. It owns 40 aircraft. The Company's fleet is comprised of fuel-efficient and newer technology aircraft, consisting of narrowbody (single-aisle) aircraft, such as the Airbus A319/320/321 and the Boeing 737-700/800, and select widebody (twin-aisle) aircraft, such as the Airbus A330-200 and the Boeing 777-300ER. It manages lease revenues and takes advantage of changes in market conditions by acquiring a balanced mix of aircraft types, both new and used. It operates its business on a global basis, providing aircraft to airline customers in every major geographical region, including emerging and high-growth markets such as Asia, the Pacific Rim, Latin America, the Middle East and Eastern Europe. While its primary business is to own and lease aircraft, it also plans to provide fleet management and remarketing services to third parties for a fee. These services are similar to those it performs for its fleet, including leasing, re-leasing, lease management and sales services.
» More Articles for AL

Headlines

Articles On GuruFocus.com
Ron Baron Comments on Air Lease Corp Jul 28 2014 
Baron Funds Comments on Air Lease Corp May 21 2014 
Baron Funds Comments on Air Lease Corp May 21 2014 
Air Lease: Well-Positioned for Robust Growth May 18 2014 
Three Stocks for the Value Investor, Growth Enthusiast and Insider Follower May 05 2014 
With a Leasing Market Improvement – What About AerCap Fundamentals? Dec 18 2013 
Air Lease Benefiting from Strong International Growth Aug 05 2013 
FV 43 Apr 11 2013 
Baron Funds Comments on Air Lease Corp Aug 23 2012 
Wilbur Ross Top Holdings: Why he bought them ? Feb 04 2012 


More From Other Websites
Air Lease Corporation Announces the Placement of One Airbus A320 with VivaColombia Aug 18 2014
Air Lease Corporation Announces the Placement of One Airbus A320 with VivaColombia Aug 18 2014
AIR LEASE CORP Financials Aug 15 2014
Air Lease Corporation Announces the Placement of Two New Boeing 777-300ERs with KLM Aug 13 2014
Air Lease Corporation Announces the Placement of Two New Boeing 777-300ERs with KLM Aug 13 2014
Company News for August 11, 2014 Aug 11 2014
Air Lease Corp Earnings Call scheduled for 4:30 pm ET today Aug 07 2014
Air Lease Corporation Announces Second Quarter 2014 Results Aug 07 2014
AIR LEASE CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Aug 07 2014
Q2 2014 Air Lease Corp Earnings Release - After Market Close Aug 07 2014
Air Lease upgraded by RBC Capital Mkts Aug 04 2014
AIR LEASE CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct... Jul 29 2014
The Zacks Analyst Blog Highlights: Boeing, Embraer, Air Lease, Delta Air Lines and CIT Group Jul 17 2014
[video] Shares of Air Lease, II-VI Inc. & Exact Sciences Shares Set To Fly Higher Jul 16 2014
Udvar-Hazy Adds to Legacy by Test-Flying Planes He Buys Jul 16 2014
AIR LEASE CORP Files SEC form 8-K, Entry into a Material Definitive Agreement Jul 16 2014
Leasing CEO Swaps Office for Cockpit to Fly Jets He Buys Jul 16 2014
Insider Trading Alert - AL, AMT And ALSN Traded By Insiders Jul 16 2014
Airbus, Boeing See Big Orders On Day 2 of Farnborough Jul 15 2014
Airbus A330neo Closing Order Gap With Boeing Jul 15 2014

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