Aircastle (NYSE: AYR) is one of 16 publicly-traded companies in the “Equipment rental & leasing, not elsewhere classified” industry, but how does it weigh in compared to its rivals? We will compare Aircastle to related companies based on the strength of its earnings, institutional ownership, valuation, risk, analyst recommendations, dividends and profitability.
Aircastle pays an annual dividend of $1.12 per share and has a dividend yield of 5.7%. Aircastle pays out 59.9% of its earnings in the form of a dividend. As a group, “Equipment rental & leasing, not elsewhere classified” companies pay a dividend yield of 2.4% and pay out 34.1% of their earnings in the form of a dividend. Aircastle has raised its dividend for 7 consecutive years.
This table compares Aircastle and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Institutional and Insider Ownership
61.6% of Aircastle shares are owned by institutional investors. Comparatively, 58.4% of shares of all “Equipment rental & leasing, not elsewhere classified” companies are owned by institutional investors. 2.7% of Aircastle shares are owned by company insiders. Comparatively, 14.3% of shares of all “Equipment rental & leasing, not elsewhere classified” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Risk and Volatility
Aircastle has a beta of 1.84, suggesting that its stock price is 84% more volatile than the S&P 500. Comparatively, Aircastle’s rivals have a beta of 1.87, suggesting that their average stock price is 87% more volatile than the S&P 500.
Valuation & Earnings
This table compares Aircastle and its rivals top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Aircastle||$796.62 million||$147.87 million||10.58|
|Aircastle Competitors||$1.49 billion||$246.69 million||0.08|
Aircastle’s rivals have higher revenue and earnings than Aircastle. Aircastle is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.
This is a summary of current ratings and recommmendations for Aircastle and its rivals, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Aircastle currently has a consensus price target of $24.67, indicating a potential upside of 24.64%. As a group, “Equipment rental & leasing, not elsewhere classified” companies have a potential upside of 17.19%. Given Aircastle’s higher possible upside, analysts clearly believe Aircastle is more favorable than its rivals.
Aircastle rivals beat Aircastle on 8 of the 15 factors compared.
Aircastle Company Profile
Aircastle Limited is a holding company. The Company, through its subsidiaries, acquires, leases and sells commercial jet aircrafts to airlines. The Company is engaged in financing and managing commercial flight equipment. The Company manages its aircrafts in the United States, Ireland and Singapore. As of December 31, 2016, the Company owned and managed on behalf of its joint ventures 206 aircrafts leased to 71 lessees located in 36 countries. The Company originates acquisitions and sales through relationships with airlines, other aircraft lessors, financial institutions and brokers, as well as other sources. As of February 7, 2017, the Company had lease commitments or letters of intent to lease or sell 16 aircrafts. The Company’s aircraft portfolio includes passenger wide-body, passenger narrow-body and freighter aircrafts. The Company’s portfolio spans across various regions, such as the Middle East and Africa, South America, North America, Asia and Pacific, and Europe.
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