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Also traded in: Germany

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 : 7/10

vs
industry
vs
history
Cash to Debt 0.02
AL's Cash to Debt is ranked lower than
93% of the 266 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 0.59 vs. AL: 0.02 )
Ranked among companies with meaningful Cash to Debt only.
AL' s Cash to Debt Range Over the Past 10 Years
Min: 0.02  Med: 0.05 Max: N/A
Current: 0.02
Equity to Asset 0.24
AL's Equity to Asset is ranked lower than
81% of the 266 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 0.48 vs. AL: 0.24 )
Ranked among companies with meaningful Equity to Asset only.
AL' s Equity to Asset Range Over the Past 10 Years
Min: 0.24  Med: 0.28 Max: 0.57
Current: 0.24
0.24
0.57
Interest Coverage 2.76
AL's Interest Coverage is ranked lower than
75% of the 205 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 11.82 vs. AL: 2.76 )
Ranked among companies with meaningful Interest Coverage only.
AL' s Interest Coverage Range Over the Past 10 Years
Min: 1.44  Med: 2.79 Max: 3.19
Current: 2.76
1.44
3.19
F-Score: 6
Z-Score: 0.58
M-Score: -2.66
WACC vs ROIC
6.41%
4.70%
WACC
ROIC
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 : 6/10

vs
industry
vs
history
Operating margin (%) 58.05
AL's Operating margin (%) is ranked higher than
98% of the 268 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 7.15 vs. AL: 58.05 )
Ranked among companies with meaningful Operating margin (%) only.
AL' s Operating margin (%) Range Over the Past 10 Years
Min: 24.6  Med: 55.09 Max: 58.58
Current: 58.05
24.6
58.58
Net-margin (%) 25.38
AL's Net-margin (%) is ranked higher than
93% of the 268 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 4.59 vs. AL: 25.38 )
Ranked among companies with meaningful Net-margin (%) only.
AL' s Net-margin (%) Range Over the Past 10 Years
Min: 15.81  Med: 21.15 Max: 24.37
Current: 25.38
15.81
24.37
ROE (%) 11.11
AL's ROE (%) is ranked higher than
65% of the 258 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 7.94 vs. AL: 11.11 )
Ranked among companies with meaningful ROE (%) only.
AL' s ROE (%) Range Over the Past 10 Years
Min: 2.45  Med: 6.85 Max: 9.67
Current: 11.11
2.45
9.67
ROA (%) 2.73
AL's ROA (%) is ranked lower than
51% of the 269 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 2.97 vs. AL: 2.73 )
Ranked among companies with meaningful ROA (%) only.
AL' s ROA (%) Range Over the Past 10 Years
Min: 1.03  Med: 2.20 Max: 2.55
Current: 2.73
1.03
2.55
ROC (Joel Greenblatt) (%) 7.48
AL's ROC (Joel Greenblatt) (%) is ranked lower than
58% of the 267 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 11.05 vs. AL: 7.48 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
AL' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 3.28  Med: 6.50 Max: 7.09
Current: 7.48
3.28
7.09
» AL's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-06-30)


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

» Details

Guru Trades

Q2 2015

AL Guru Trades in Q2 2015

Steven Cohen 256,300 sh (+812.10%)
Paul Tudor Jones 58,698 sh (+189.15%)
Murray Stahl 26,214 sh (+16.26%)
Ron Baron 5,806,026 sh (-9.15%)
John Keeley 1,557,267 sh (-10.77%)
Chuck Royce 1,256,460 sh (-11.31%)
» More
Q3 2015

AL Guru Trades in Q3 2015

Steven Cohen 293,000 sh (+14.32%)
Chuck Royce 1,386,060 sh (+10.31%)
John Keeley 1,575,092 sh (+1.14%)
Ron Baron 5,540,801 sh (-4.57%)
Murray Stahl 21,448 sh (-18.18%)
Paul Tudor Jones 18,000 sh (-69.33%)
» More
Q4 2015

AL Guru Trades in Q4 2015

Jerome Dodson 900,000 sh (New)
Paul Tudor Jones 23,700 sh (+31.67%)
Chuck Royce 1,473,460 sh (+6.31%)
Steven Cohen Sold Out
John Keeley 1,547,818 sh (-1.73%)
Ron Baron 5,111,478 sh (-7.75%)
Murray Stahl 18,394 sh (-14.24%)
» More
Q1 2016

AL Guru Trades in Q1 2016

Paul Tudor Jones 38,990 sh (+64.51%)
Chuck Royce 1,921,521 sh (+30.41%)
Jerome Dodson 900,000 sh (unchged)
John Keeley 1,308,390 sh (-15.47%)
Murray Stahl 15,527 sh (-15.59%)
Ron Baron 3,205,948 sh (-37.28%)
» More
» Details

Insider Trades

Latest Guru Trades with AL

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Business Description

Industry: Consulting & Outsourcing » Rental & Leasing Services
Compare:NAS:UHAL, LSE:AHT, NYSE:URI, LSE:AGK, TSE:8593, TSE:8439 » details
Traded in other countries:AVLA.Germany,
Air Lease Corp is an aircraft leasing company, engaged in purchasing commercial aircraft & leasing to airlines. It also provides fleet management services to investors and owners of aircraft portfolios for a management fee.

Air Lease Corp was incorporated in Delaware and launched in February 2010. It is an aircraft leasing company. The Company is engaged in purchasing new commercial jet transport aircraft directly from the manufacturers, such as The Boeing Company ("Boeing") and Airbus S.A.S. ("Airbus"), and leasing those aircraft to airlines throughout the world to generate attractive returns on equity. The Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines. The Company also provides fleet management services to investors and owners of aircraft portfolios for a management fee. The Company has relationships with approximately over 200 airlines across 70 countries. It operates its business on a global basis, providing aircraft to airline customers in geographical region, including markets such as Asia, the Pacific Rim, Latin America, the Middle East and Eastern Europe. As of December 31, 2013, the Company owned 193 aircraft in operating lease portfolio and leased the aircraft to a globally diversified customer base comprised of 79 airlines in 47 countries. As on 2013 Company entered into commitments to purchase up to 73 additional aircraft from Airbus and Boeing. From Airbus, it agreed to purchase up to 30 A350 XWB family aircraft, five of which are subject to reconfirmation. From Boeing, it agreed to purchase an additional 10 Boeing 777-300ER aircraft, 30 787-10 aircraft and three additional 787-9 aircraft. The Company's fleet is principally comprised of fuel-efficient and newer technology aircraft, consisting of narrowbody aircraft, such as the Boeing 737-700/800, the Airbus A320/321 and the Embraer E190, select widebody aircraft, such as the Boeing 777-300ER and the Airbus A330-200/300, and the ATR 72-600 turboprop aircraft. The Company faces competition from aircraft manufacturers, banks, financial institutions, other leasing companies, aircraft brokers and airlines. The Company is subject to the regulatory authority of the DOS and the U.S. Department of Commerce. The Company also requires its lessees to comply with the standards of either the U.S. Federal Aviation Administration ("FAA") or its equivalent in foreign jurisdictions.

Guru Investment Theses on Air Lease Corp

Keeley Funds Comments on Air Lease Corporation - May 06, 2016

We had a similar experience with Air Lease Corporation (NYSE:AL), a leading commercial aircraft lessor. The stock fell early in the quarter on concerns about its exposure to airlines in emerging markets. It fell more than 30% within the quarter, but finished down only 4%. Considering the strong order and leasing book along with global air traffic on the rise, we believe Air Lease’s best days are still ahead.





From the Keeley Mid-Cap Dividend Fund first quarter 2016 commentary.



Check out John Keeley latest stock trades

Baron Funds Comments on Air Lease Corp - Mar 23, 2015

Air Lease Corp. (AL) leases commercial aircraft to airlines around the world. Air Lease owns 221 planes, with 372 new planes worth about $29 billion on order. This is in anticipation of increased demand from U.S. and European airlines for more fuel-efficient models to replace their aging fleets, and the need for more lift in emerging markets. Aircraft demand remains strong, led by passenger traffic growth (up 5.8% through November 2014) and healthy customer profit margins. Revenues (+24% through the third quarter of 2014) and EPS (+41%) are growing as its fleet builds. Air Lease has greater than 65% of leases placed through 2016, providing predictable cash flows, and a well-capitalized balance sheet to generate a long “runway” of profitable growth. We believe Air Lease is trading cheaply compared to its potential earnings power. (David Goldsmith)

From Ron Baron (Trades, Portfolio)'s Baron Partners Fund Fourth Quarter 2014 Commentary.

Check out Ron Baron latest stock trades

Baron Funds Comments on Air Lease Corp - Oct 24, 2014

Air Lease Corp. (AL) is an aircraft leasing company with a young, fuel-efficient fleet, addressing demand for replacement of older aircraft and more lift in emerging markets, namely Asia. It has strong growth and predictable cash flows, as evidenced by a 23% rise in sales and 42% rise in earnings-per- share in the second quarter. Deliveries are 100% booked through 2015 and 50% placed for 2016.We believe the stock fell in the third quarter due more to general market weakness than reported results, and that Air Lease is well positioned for a long “runway” of profitable growth. (David Goldsmith)

From Ron Baron (Trades, Portfolio)’s Baron Partners Fund Q3 2014 Report.

Check out Ron Baron latest stock trades

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

Top Ranked Articles about Air Lease Corp

Keeley Funds Comments on Air Lease Corporation Guru stock highlight
We had a similar experience with Air Lease Corporation (NYSE:AL), a leading commercial aircraft lessor. The stock fell early in the quarter on concerns about its exposure to airlines in emerging markets. It fell more than 30% within the quarter, but finished down only 4%. Considering the strong order and leasing book along with global air traffic on the rise, we believe Air Lease’s best days are still ahead. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 10.03
AL's P/E(ttm) is ranked higher than
75% of the 200 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 14.93 vs. AL: 10.03 )
Ranked among companies with meaningful P/E(ttm) only.
AL' s P/E(ttm) Range Over the Past 10 Years
Min: 9.68  Med: 18.39 Max: 2637
Current: 10.03
9.68
2637
Forward P/E 5.79
AL's Forward P/E is ranked higher than
90% of the 58 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 10.72 vs. AL: 5.79 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 10.13
AL's PE(NRI) is ranked higher than
75% of the 199 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 15.23 vs. AL: 10.13 )
Ranked among companies with meaningful PE(NRI) only.
AL' s PE(NRI) Range Over the Past 10 Years
Min: 9.78  Med: 18.87 Max: 2637
Current: 10.13
9.78
2637
P/B 0.99
AL's P/B is ranked higher than
70% of the 261 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 1.44 vs. AL: 0.99 )
Ranked among companies with meaningful P/B only.
AL' s P/B Range Over the Past 10 Years
Min: 0.83  Med: 1.17 Max: 1.65
Current: 0.99
0.83
1.65
P/S 2.55
AL's P/S is ranked lower than
73% of the 264 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 1.19 vs. AL: 2.55 )
Ranked among companies with meaningful P/S only.
AL' s P/S Range Over the Past 10 Years
Min: 2.2  Med: 4.00 Max: 13.44
Current: 2.55
2.2
13.44
POCF 3.86
AL's POCF is ranked higher than
72% of the 131 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 8.75 vs. AL: 3.86 )
Ranked among companies with meaningful POCF only.
AL' s POCF Range Over the Past 10 Years
Min: 3.2  Med: 5.30 Max: 23.54
Current: 3.86
3.2
23.54
EV-to-EBIT 14.05
AL's EV-to-EBIT is ranked higher than
55% of the 203 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 14.97 vs. AL: 14.05 )
Ranked among companies with meaningful EV-to-EBIT only.
AL' s EV-to-EBIT Range Over the Past 10 Years
Min: 13.96  Med: 19.55 Max: 106.5
Current: 14.05
13.96
106.5
EV-to-EBITDA 9.14
AL's EV-to-EBITDA is ranked higher than
55% of the 220 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 9.54 vs. AL: 9.14 )
Ranked among companies with meaningful EV-to-EBITDA only.
AL' s EV-to-EBITDA Range Over the Past 10 Years
Min: 9.1  Med: 12.20 Max: 41.4
Current: 9.14
9.1
41.4
Current Ratio 0.93
AL's Current Ratio is ranked lower than
84% of the 255 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 1.76 vs. AL: 0.93 )
Ranked among companies with meaningful Current Ratio only.
AL' s Current Ratio Range Over the Past 10 Years
Min: 0.47  Med: 2.72 Max: 17.73
Current: 0.93
0.47
17.73
Quick Ratio 0.93
AL's Quick Ratio is ranked lower than
77% of the 255 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 1.42 vs. AL: 0.93 )
Ranked among companies with meaningful Quick Ratio only.
AL' s Quick Ratio Range Over the Past 10 Years
Min: 0.47  Med: 2.72 Max: 17.73
Current: 0.93
0.47
17.73

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.61
AL's Dividend Yield is ranked lower than
91% of the 234 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 2.65 vs. AL: 0.61 )
Ranked among companies with meaningful Dividend Yield only.
AL' s Dividend Yield Range Over the Past 10 Years
Min: 0.08  Med: 0.34 Max: 0.7
Current: 0.61
0.08
0.7
Dividend Payout 0.06
AL's Dividend Payout is ranked higher than
97% of the 149 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 0.41 vs. AL: 0.06 )
Ranked among companies with meaningful Dividend Payout only.
AL' s Dividend Payout Range Over the Past 10 Years
Min: 0.05  Med: 0.06 Max: 0.24
Current: 0.06
0.05
0.24
Forward Dividend Yield 0.66
AL's Forward Dividend Yield is ranked lower than
95% of the 225 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 2.87 vs. AL: 0.66 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 0.61
AL's Yield on cost (5-Year) is ranked lower than
91% of the 261 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 3.47 vs. AL: 0.61 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
AL' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.08  Med: 0.34 Max: 0.7
Current: 0.61
0.08
0.7

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.99
AL's Price/Tangible Book is ranked higher than
71% of the 239 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 1.67 vs. AL: 0.99 )
Ranked among companies with meaningful Price/Tangible Book only.
AL' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.88  Med: 1.15 Max: 1.5
Current: 0.99
0.88
1.5
Price/Median PS Value 0.64
AL's Price/Median PS Value is ranked higher than
84% of the 237 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 1.04 vs. AL: 0.64 )
Ranked among companies with meaningful Price/Median PS Value only.
AL' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.69  Med: 0.97 Max: 3.09
Current: 0.64
0.69
3.09
Price/Graham Number 0.67
AL's Price/Graham Number is ranked higher than
79% of the 175 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 1.10 vs. AL: 0.67 )
Ranked among companies with meaningful Price/Graham Number only.
AL' s Price/Graham Number Range Over the Past 10 Years
Min: 0.72  Med: 0.94 Max: 2.01
Current: 0.67
0.72
2.01
Earnings Yield (Greenblatt) (%) 7.14
AL's Earnings Yield (Greenblatt) (%) is ranked higher than
65% of the 261 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 4.80 vs. AL: 7.14 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
AL' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.9  Med: 5.10 Max: 7.21
Current: 7.14
0.9
7.21

More Statistics

Revenue (TTM) (Mil) $1,288
EPS (TTM) $ 2.99
Beta1.83
Short Percentage of Float8.18%
52-Week Range $22.47 - 39.08
Shares Outstanding (Mil)102.83

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $) 1,412 1,599 1,805
EPS ($) 4.48 5.22 4.15
EPS without NRI ($) 4.48 5.22 4.15
EPS Growth Rate
(3Y to 5Y Estimate)
15.00%
» More Articles for AL

Headlines

Articles On GuruFocus.com
Keeley Funds Comments on Air Lease Corporation May 06 2016 
KEELEY Mid Cap Dividend Value Fund First Quarter Commentary May 06 2016 
Bearish Sentiments Overdone for Air Lease Apr 04 2016 
Excess in the Aircraft Leasing Industry Creates a Good Shorting Opportunity Mar 14 2016 
AerCap Holdings: Undervalued and Attractive Dec 17 2015 
Air Lease: Expect Further Upside After S&P Outlook Revision Nov 03 2015 
High Growth Will Continue For Avolon Holdings Jul 20 2015 
A Complete Credit Analysis For Air Lease Jul 14 2015 
Air Lease's Outlook Remains Positive May 11 2015 
Boeing Might Need to Consider a 757 Replacement to Stand up Against Airbus A321neo Mar 30 2015 

More From Other Websites
Air Lease Corporation Announces Lease Placement of Three New Airbus A321-200s, One New Airbus... May 27 2016
Air Lease Corporation Announces Lease Placement of Three New Airbus A321-200s, One New Airbus... May 25 2016
4:37 pm Air Lease announces new Airbus placements May 25 2016
Air Lease Corporation Announces Lease Placement of Three New Airbus A321-200s, One New Airbus... May 25 2016
Air Lease Corporation Announces Lease Placement of Two New Boeing 787-9 Aircraft to Oman Air May 24 2016
ETF’s with exposure to Air Lease Corp. : May 23, 2016 May 23 2016
Air Lease Corporation Announces the Placement of Two Additional New Airbus A350-900 Aircraft with... May 23 2016
Air Lease Corporation Announces the Placement of Two Additional New Airbus A350-900 Aircraft with... May 23 2016
AIR LEASE CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits May 19 2016
Air Lease Corporation Announces 2016 Investor Meeting Webcast May 18 2016
Air Lease Corporation Announces 2016 Investor Meeting Webcast May 18 2016
BOC Aviation seeks securitisation deals with IPO investors May 18 2016
Air Lease Corporation Announces Lease Placement of Two New Boeing 787-9 Aircraft to Oman Air May 17 2016
Air Lease Corporation Announces Lease Placement of Two New Boeing 787-9 Aircraft to Oman Air May 17 2016
[$$] Bank of China Aviation Can't Fly on Cheap Financing Alone May 17 2016
Air Lease Corporation Delivers First of Two New Airbus A320-200 Aircraft to Frontier Airlines May 12 2016
Air Lease Corporation Delivers First of Two New Airbus A320-200 Aircraft to Frontier Airlines May 12 2016
AIR LEASE CORP Financials May 12 2016
Air Lease Corp. :AL-US: Earnings Analysis: Q1, 2016 By the Numbers May 12 2016
AIR LEASE CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits May 09 2016

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