Aircastle Ltd

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AYR : NYSE : Services
$20.25 up 0.62 | 3.20%
Today's Range: 19.63 - 20.25
Avg. Daily Volume: 310,700
09/28/16 - 3:59 PM ET

Financial Analysis


AIRCASTLE LTD's gross profit margin for the second quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry.

During the same period, stockholders' equity ("net worth") has remained unchanged from the same quarter last year.

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Income Statement Q2 FY16 Q2 FY15
Net Sales ($mil)188.99203.71
EBITDA ($mil)171.31185.35
EBIT ($mil)96.24107.98
Net Income ($mil)20.0341.81


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)544.65469.8
Total Assets ($mil)6945.886803.68
Total Debt ($mil)4362.794342.37
Equity ($mil)1776.491785.56


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin90.6590.99
EBITDA Margin90.6490.98
Operating Margin50.9353.01
Sales Turnover0.110.12
Return on Assets1.332.6
Return on Equity5.239.91
Debt Q2 FY16 Q2 FY15
Current Ratio0.00.0
Debt/Capital0.710.71
Interest Expense62.6461.58
Interest Coverage1.541.75


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)78.7881.18
Div / share0.240.22
EPS0.250.51
Book value / share22.5521.99
Institutional Own % n/a n/a
Avg Daily Volume362752.0334570.0

Valuation


HOLD. This stock's P/E ratio indicates a discount compared to an average of 20.88 for the Trading Companies & Distributors industry and a discount compared to the S&P 500 average of 25.19. For additional comparison, its price-to-book ratio of 0.88 indicates a significant discount versus the S&P 500 average of 2.82 and a significant discount versus the industry average of 4.05. The price-to-sales ratio is similar to the S&P 500 average, but it is significantly above the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, AIRCASTLE LTD proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
AYR 16.95 Peers 20.88   AYR 3.07 Peers 13.65

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

AYR is trading at a discount to its peers.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

AYR is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
AYR 9.01 Peers 20.10   AYR 0.79 Peers 1.48

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

AYR is trading at a significant discount to its peers.

 

Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

AYR trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
AYR 0.88 Peers 4.05   AYR -46.34 Peers -51.53

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

AYR is trading at a significant discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, AYR is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
AYR 2.01 Peers 1.37   AYR -3.56 Peers 1.45

Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

AYR is trading at a significant premium to its industry.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

AYR significantly trails its peers on the basis of sales growth

 

 

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