$Air Lease Corp (AL.US)$In the past 5 years, in addition to ...

逍遥投资派 commented on a stock · Sep 2, 2023 10:36

$Air Lease Corp(AL.US)$In the past 5 years, in addition to shrinking 0.1% in 2020, revenue has grown for 4 years, with an average growth rate of 8.8%. Operating profit declined by 10.7% and 14.2% in 2020 and 2021, respectively. The remaining 3 years of growth, with an average 5-year growth rate of only 1.4%. Net profit shrank amid fluctuations due to continued decline in gross margin, and turned into loss in 2022 due to impairment of capital assets.

Revenue increased by 13.4% in the first two quarters of 2023, and operating profit continued to shrink by 6.3% due to the decline in gross margin. Net profit would also have to shrink. Because there was less impairment of capital assets, there is data on a sharp increase.

Currently, the price-earnings ratio is lost, and the price-earnings ratio TTM is 9.7. If calculated based on a 5-year average net profit of 390 million, the price-earnings ratio is 11.7. For a cyclical stock that continues to decline, the valuation is not cheap, and it is not very attractive.

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逍遥投资派

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