AL - Air Lease: Nice Growth And Solid Margins At Cheap Valuation

2024-02-01 05:52:02 ET

Summary

• Air Lease Corporation is a global aircraft leasing company with a fleet of over 520 aircraft and $50 billion in business.
• The company benefits from long-term rental contracts and high aircraft utilization rates, indicating strong demand for its services.
• Despite steady revenue and profit growth, AL stock is undervalued, trading at a low PEG ratio and offering potential for future growth.
• The company's dividend yield of 2% is not much but its dividend growth is impressive at annual rate of 13.5% and it's well covered with a low payout ratio.

Air Lease Corporation ( AL ) purchases, leases, or sells aircraft to third parties such as local, regional, or national airlines, investors, financial companies, and other leasing companies some of which also happen to be its competition. The company owns or manages a fleet of more than 520 aircraft and it operates globally so its customers are located in many different countries....

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