$Air Lease Corp (AL.US)$Over the past 5 years, revenue has g...

逍遥投资派 commented on a stock · Sep 2, 2023 23:36

$Air Lease Corp (AL.US)$Over the past 5 years, revenue has grown for 4 years except for a 0.1% contraction in 2020, with an average growth rate of 8.8%. Operating profit declined by 10.7% and 14.2% in 2020 and 2021, respectively, while growing in the remaining 3 years. The 5-year average growth rate was only 1.4%. Net income shrank due to continuous decline in gross margin, fluctuating, and turned into a loss in 2022 due to impairment of capital assets.

Revenue increased by 13.4% in the first two quarters of 2023. Operating profit continued to shrink by 6.3% due to the decline in gross margin. Net income was also expected to shrink, but due to the absence of impairment of capital assets, there was a surge in data.

Currently operating at a loss, the trailing twelve months P/E ratio is 9.7. If calculated based on a 5-year average net income of 0.39 billion, the P/E ratio would be 11.7. For a stock in a continued declining cycle, the valuation is not cheap and not very attractive.

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