Aircastle Ltd

Find Ratings Reports
AYR : NYSE : Services
$21.87 | %
Today's Range: 21.67 - 22.0
Avg. Daily Volume: 320400.0
08/18/17 - 4:02 PM ET

Financial Analysis


AIRCASTLE LTD's gross profit margin for the second quarter of its fiscal year 2017 has significantly decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased.

At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 3.29% from the same quarter last year.

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Income Statement Q2 FY17 Q2 FY16
Net Sales ($mil)220.64188.99
EBITDA ($mil)116.18171.31
EBIT ($mil)37.9396.24
Net Income ($mil)-7.1220.03


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)530.65544.65
Total Assets ($mil)7043.346945.88
Total Debt ($mil)4339.364362.79
Equity ($mil)1835.091776.49


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin52.6690.65
EBITDA Margin52.6590.64
Operating Margin17.1950.93
Sales Turnover0.120.11
Return on Assets1.851.33
Return on Equity7.115.23
Debt Q2 FY17 Q2 FY16
Current Ratio0.00.0
Debt/Capital0.70.71
Interest Expense0.062.64
Interest Coverage0.01.54


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)78.7178.78
Div / share0.260.24
EPS-0.090.25
Book value / share23.3122.55
Institutional Own % n/a n/a
Avg Daily Volume327680.0336172.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 22.98 for the Trading Companies & Distributors industry and a significant discount compared to the S&P 500 average of 24.31. For additional comparison, its price-to-book ratio of 0.96 indicates a significant discount versus the S&P 500 average of 3.03 and a significant discount versus the industry average of 3.81. 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 13.52 Peers 22.98   AYR 3.67 Peers 23.44

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

AYR is trading at a significant 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 9.59 Peers 24.55   AYR NM Peers 1.96

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.

 

Neutral. 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's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
AYR 0.96 Peers 3.81   AYR 41.88 Peers 97.56

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 2.16 Peers 1.49   AYR 5.26 Peers 39.76

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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