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Fly Leasing

NYSE:FLY
Snowflake Description

Solid track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FLY
NYSE
$599M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Fly Leasing Limited, through its subsidiaries, purchases and leases commercial aircraft under multi-year contracts to various airlines worldwide. The last earnings update was 25 days ago. More info.


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FLY Share Price and Events
7 Day Returns
-0.2%
NYSE:FLY
0.2%
US Trade Distributors
-0.3%
US Market
1 Year Returns
60%
NYSE:FLY
20.6%
US Trade Distributors
18.6%
US Market
FLY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fly Leasing (FLY) -0.2% -11% -9% 60% 35.9% 48.4%
US Trade Distributors 0.2% -0.4% 14% 20.6% 22.3% 34.4%
US Market -0.3% 2.2% 5.6% 18.6% 36.2% 52.2%
1 Year Return vs Industry and Market
  • FLY outperformed the Trade Distributors industry which returned 20.6% over the past year.
  • FLY outperformed the Market in United States of America which returned 18.6% over the past year.
Price Volatility
FLY
Industry
5yr Volatility vs Market

Value

 Is Fly Leasing undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Fly Leasing. This is due to cash flow or dividend data being unavailable. The share price is $19.59.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Fly Leasing's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fly Leasing's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:FLY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $5.67
NYSE:FLY Share Price ** NYSE (2019-12-06) in USD $19.59
United States of America Trade Distributors Industry PE Ratio Median Figure of 41 Publicly-Listed Trade Distributors Companies 16.8x
United States of America Market PE Ratio Median Figure of 2,924 Publicly-Listed Companies 18.48x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Fly Leasing.

NYSE:FLY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:FLY Share Price ÷ EPS (both in USD)

= 19.59 ÷ 5.67

3.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fly Leasing is good value based on earnings compared to the US Trade Distributors industry average.
  • Fly Leasing is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Fly Leasing's expected growth come at a high price?
Raw Data
NYSE:FLY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-32.8%per year
United States of America Trade Distributors Industry PEG Ratio Median Figure of 33 Publicly-Listed Trade Distributors Companies 1.06x
United States of America Market PEG Ratio Median Figure of 2,045 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NYSE:FLY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.46x ÷ -32.8%

-0.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fly Leasing earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Fly Leasing's assets?
Raw Data
NYSE:FLY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $25.85
NYSE:FLY Share Price * NYSE (2019-12-06) in USD $19.59
United States of America Trade Distributors Industry PB Ratio Median Figure of 51 Publicly-Listed Trade Distributors Companies 1.69x
United States of America Market PB Ratio Median Figure of 5,088 Publicly-Listed Companies 1.78x
NYSE:FLY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:FLY Share Price ÷ Book Value per Share (both in USD)

= 19.59 ÷ 25.85

0.76x

* Primary Listing of Fly Leasing.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fly Leasing is good value based on assets compared to the US Trade Distributors industry average.
X
Value checks
We assess Fly Leasing's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. Fly Leasing has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Fly Leasing expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-32.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fly Leasing expected to grow at an attractive rate?
  • Fly Leasing's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Fly Leasing's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Fly Leasing's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:FLY Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:FLY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -32.8%
NYSE:FLY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts -12.3%
United States of America Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
United States of America Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:FLY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:FLY Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 455 267 120 2
2020-12-31 423 247 99 4
2019-12-31 557 276 207 4
2019-12-07
NYSE:FLY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 533 262 182
2019-06-30 502 259 151
2019-03-31 459 248 121
2018-12-31 414 241 86
2018-09-30 399 210 62
2018-06-30 383 204 29
2018-03-31 360 192 7
2017-12-31 352 179 3
2017-09-30 343 165 -68
2017-06-30 342 157 -33
2017-03-31 341 151 -31
2016-12-31 343 153 -29

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fly Leasing's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Fly Leasing's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:FLY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Fly Leasing Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FLY Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 4.18 4.20 4.16 2.00
2020-12-31 3.55 4.60 2.89 5.00
2019-12-31 6.52 6.97 6.35 5.00
2019-12-07
NYSE:FLY Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 5.67
2019-06-30 4.72
2019-03-31 3.92
2018-12-31 2.88
2018-09-30 2.16
2018-06-30 1.01
2018-03-31 0.25
2017-12-31 0.09
2017-09-30 -2.19
2017-06-30 -1.02
2017-03-31 -0.95
2016-12-31 -0.88

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Fly Leasing is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fly Leasing's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Fly Leasing has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Fly Leasing performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Fly Leasing's growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Fly Leasing has delivered over 20% year on year earnings growth in the past 5 years.
  • Fly Leasing's 1-year earnings growth exceeds its 5-year average (193.7% vs 26.8%)
  • Fly Leasing's earnings growth has exceeded the US Trade Distributors industry average in the past year (193.7% vs -8.5%).
Earnings and Revenue History
Fly Leasing's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Fly Leasing Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FLY Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 533.49 181.73 34.66
2019-06-30 501.79 150.76 34.37
2019-03-31 459.37 121.06 31.30
2018-12-31 413.59 85.72 31.19
2018-09-30 399.31 61.88 30.14
2018-06-30 382.96 28.64 29.38
2018-03-31 359.91 7.18 30.99
2017-12-31 351.55 2.60 30.67
2017-09-30 343.20 -68.40 29.28
2017-06-30 342.47 -32.96 30.69
2017-03-31 340.75 -31.16 30.10
2016-12-31 342.84 -29.11 30.08
2016-09-30 366.26 53.66 31.06
2016-06-30 393.18 58.00 30.49
2016-03-31 417.20 9.17 33.68
2015-12-31 458.95 21.74 33.67
2015-09-30 454.12 22.20 36.85
2015-06-30 447.30 10.09 38.93
2015-03-31 454.44 75.55 39.68
2014-12-31 421.32 58.76 41.03
2014-09-30 388.38 52.64 40.88
2014-06-30 361.47 37.62 39.10
2014-03-31 341.49 22.02 37.33
2013-12-31 357.21 53.00 39.59
2013-09-30 371.37 68.72 37.34
2013-06-30 377.62 39.05 40.67
2013-03-31 396.20 59.01 40.48
2012-12-31 384.80 46.79 40.19

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Fly Leasing has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Fly Leasing used its assets more efficiently than the US Trade Distributors industry average last year based on Return on Assets.
  • Fly Leasing has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fly Leasing's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Fly Leasing has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Fly Leasing's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Fly Leasing's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fly Leasing is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fly Leasing's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Fly Leasing's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Fly Leasing Company Filings, last reported 2 months ago.

NYSE:FLY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 798.77 2,572.02 433.18
2019-06-30 753.66 2,712.20 352.58
2019-03-31 737.90 2,862.57 365.73
2018-12-31 702.11 3,006.09 183.37
2018-09-30 682.14 3,029.38 192.49
2018-06-30 588.25 2,526.72 415.69
2018-03-31 555.51 2,644.54 389.82
2017-12-31 543.71 2,652.94 331.75
2017-09-30 543.70 2,589.13 273.96
2017-06-30 575.66 2,590.55 337.41
2017-03-31 598.91 2,477.44 539.10
2016-12-31 593.24 2,536.66 519.87
2016-09-30 648.64 2,458.14 324.50
2016-06-30 632.60 2,202.04 382.13
2016-03-31 632.66 2,195.81 329.27
2015-12-31 656.96 2,404.45 276.24
2015-09-30 700.68 2,826.29 378.87
2015-06-30 698.38 2,980.28 350.71
2015-03-31 759.69 2,958.67 280.42
2014-12-31 756.25 3,045.43 339.63
2014-09-30 758.16 2,570.30 85.00
2014-06-30 746.05 2,459.49 254.95
2014-03-31 740.57 2,528.74 391.83
2013-12-31 748.82 2,570.85 411.87
2013-09-30 737.39 2,206.40 211.87
2013-06-30 578.61 2,058.53 139.30
2013-03-31 563.34 2,019.49 196.72
2012-12-31 532.00 2,099.91 163.12
  • Fly Leasing's level of debt (322%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (339.7% vs 322% today).
  • Debt is not well covered by operating cash flow (10.2%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Fly Leasing's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Fly Leasing has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Fly Leasing's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Fly Leasing dividends. Estimated to be 0% next year.
If you bought $2,000 of Fly Leasing shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Fly Leasing's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Fly Leasing's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:FLY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1959 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:FLY Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
2019-12-07
NYSE:FLY Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2017-08-10 0.000 0.000
2017-05-11 0.000 0.000
2017-03-15 0.000 0.000
2017-03-09 0.000 0.000
2016-11-17 0.000 0.000
2016-07-28 0.000 0.000
2016-05-20 0.000 0.000
2016-05-18 0.000 0.000
2016-05-02 0.000 0.000
2016-03-08 0.000 0.000
2015-10-15 1.000 7.868
2015-07-15 1.000 7.285
2015-04-15 1.000 6.499
2015-01-14 1.000 6.954
2014-10-09 1.000 7.748
2014-07-17 1.000 7.110
2014-04-15 1.000 7.093
2014-01-09 1.000 6.575
2013-11-14 1.000 6.436
2013-11-07 1.000 6.855
2013-10-15 0.880 6.061
2013-07-15 0.880 6.431
2013-04-15 0.880 5.473
2013-01-15 0.880 6.204
2012-10-15 0.880 6.972
2012-07-13 0.880 6.671
2012-04-13 0.800 6.464
2012-01-17 0.800 6.233
2011-10-17 0.800 6.524
2011-07-15 0.800 6.889
2011-05-06 0.800 5.972
2011-05-04 0.800 5.747
2011-01-18 0.800 5.914
2010-10-15 0.800 5.963
2010-07-15 0.800 6.752
2010-04-14 0.800 7.053
2010-01-15 0.800 7.934
2009-10-15 0.800 8.728
2009-07-15 0.800 9.347
2009-04-15 0.800 11.737
2009-01-22 0.800 20.351

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Fly Leasing has not reported any payouts.
  • Unable to verify if Fly Leasing's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Fly Leasing's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Fly Leasing has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Fly Leasing's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Fly Leasing's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Fly Leasing afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fly Leasing has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Fly Leasing's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Colm Barrington
AGE 73
TENURE AS CEO 12.6 years
CEO Bio

Mr. Colm Barrington has been the Chief Executive Officer at FLY Leasing Limited since May 2007. Mr. Barrington has been a Partner at Babcock & Brown since 1994 and shared responsibility for the company’s managed aircraft portfolio, which includes over 120 aircraft on lease world-wide. He served as the Managing Director of Babcock & Brown Limited. He served as the Chief Executive Officer of Aer Lingus Group Plc from April 2009 to September 1, 2009. He served as the Chief Financial Officer and Chief Accounting Officer of FLY Leasing Limited. He is an international aviation expert with 35 years experience in the industry. He joined Aer Lingus in 1967 as a Financial Analyst, served as a Director of Hotel Acquisitions and later assisted in the airline’s acquisition of Omni Hotels Corporation, where he became responsible for acquiring and financing hotels. When Aer Lingus acquired a U.S. hotel company (now Omni Hotels) in 1972, he became Vice President of Development and Assistant to the President in that company, based in New Hampshire. From 1979 to 1994, he held a number of executive management positions in GPA Aviation Group, based in Shannon. From 1984 to 1991 as the Chief Executive at GPA Capital, he developed the global market for the sale of aircraft on operating lease as financial assets. As the Chief Operating Officer at GPA Group Plc, from 1992 to 1993, he was responsible for all operational aspects of the company, including the purchasing, leasing and selling of aircraft. Since 1994, he served as the President of GE Capital Aviation Services Limited following its acquisition of GPA. He served as the Chairman of Aer Lingus Group Plc from October 3, 2008 to September 02, 2015 and also served as its Director from September 19, 2008 to September 02, 2015. He served as the Chairman of ERC Ireland Finance Limited and served as its Director since Aer Lingus Group April 2006. He was Independent Non Executive Director of IFG Group plc since June 28, 2005 until August 30, 2018 and served as its Senior Independent Non-Executive Director until February 1, 2016. He has been an Independent Non-Executive Director of Hibernia REIT PLC since August 23, 2013 and serves as its Senior Independent Director. He has been a Director of FLY Leasing Limited since May 2007. He has been a Vice Chairman of Finnair Oyj since March 16, 2017. He served as a Director of daa plc. He served as a Non-Executive Director of Aer Lingus Limited until September 1, 2015. He served as a Director of eir Limited (eircom Limited) until January 22, 2010. He served as a Director at Dublin Airport Authority plc and is on the Boards of several aircraft leasing and finance companies. He served as a Member of Advisory Council at Hibernia Capital Partners. He has represented Ireland at sailing and holds the course record in the Round Ireland Yacht Race. He received a BA and an MA in Economics from University College Dublin. He received a public administration degree from the Institute of Public Administration, also in Dublin.

CEO Compensation
  • Insufficient data for Colm to compare compensation growth.
  • Insufficient data for Colm to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Colm Barrington

TITLE
CEO & Director
AGE
73
TENURE
12.6 yrs

Julie Ruehl

TITLE
AGE
53
TENURE
2.3 yrs

Matt Dallas

TITLE
Investor Contact
Board of Directors Tenure

Average tenure and age of the Fly Leasing board of directors in years:

12.5
Average Tenure
60
Average Age
  • The average tenure for the Fly Leasing board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Joe Donovan

TITLE
Independent Chairman of the Board
AGE
64
TENURE
9.7 yrs

Colm Barrington

TITLE
CEO & Director
AGE
73
TENURE
12.6 yrs

Erik Braathen

TITLE
Independent Director
AGE
63
TENURE
12.5 yrs

Susan Walton

TITLE
Independent Director
AGE
59
TENURE
12.5 yrs

Steve Zissis

TITLE
Director
AGE
59
TENURE
12.5 yrs

Rob Tomczak

TITLE
Director
AGE
57
TENURE
9.7 yrs

Eugene McCague

TITLE
Independent Director
AGE
60
TENURE
5.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Fly Leasing's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Fly Leasing has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Fly Leasing Limited (NYSE:FLY) A Volatile Stock?

The second type is the broader market volatility, which you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks on the market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … View our latest analysis for Fly Leasing What FLY's beta value tells investors Given that it has a beta of 0.90, we can surmise that the Fly Leasing share price has not been strongly impacted by broader market volatility (over the last 5 years).

Simply Wall St -

Does Fly Leasing's (NYSE:FLY) Share Price Gain of 45% Match Its Business Performance?

For example, the Fly Leasing Limited (NYSE:FLY) share price is up 45% in the last three years, slightly above the market return. … The average annual share price increase of 13% is actually lower than the EPS growth. … Investors should note that there's a difference between Fly Leasing's total shareholder return (TSR) and its share price change, which we've covered above.

Simply Wall St -

Can We See Significant Institutional Ownership On The Fly Leasing Limited (NYSE:FLY) Share Register?

But other times, private equity is selling out, having taking the company public. … Private Company Ownership We can see that Private Companies own 6.5%, of the shares on issue. … Public Company Ownership We can see that public companies hold 10%, of the FLY shares on issue.

Simply Wall St -

What Should You Know About Fly Leasing Limited's (NYSE:FLY) Growth?

Help shape the future of investing tools and you could win a $250 gift card! … In December 2018, Fly Leasing Limited (NYSE:FLY) announced its earnings update. … with earnings expected to grow by 17% in the upcoming year

Simply Wall St -

How Does Fly Leasing Limited (NYSE:FLY) Affect Your Portfolio Volatility?

If you're interested in Fly Leasing Limited (NYSE:FLY), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Volatility 101: Should Fly Leasing Shares Have Dropped 27%?

Unhappily, the share price slid 1.5% in the last week. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … But if the market expected durable top line growth, then that could explain the share price weakness.

Simply Wall St -

Why Fly Leasing Limited (NYSE:FLY) Could Be Worth Watching

received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $13.5 at one point, and dropping to the lows of $10.54. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether Fly Leasing's current trading price of $10.83 reflective of the actual value of the?

Simply Wall St -

Why Fly Leasing Limited’s (NYSE:FLY) Return On Capital Employed Looks Uninspiring

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

What Kind Of Shareholders Own Fly Leasing Limited (NYSE:FLY)?

The big shareholder groups in Fly Leasing Limited (NYSE:FLY) have power over the company. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Fly Leasing is not a large company by global standards.

Simply Wall St -

Does Fly Leasing Limited (NYSE:FLY) Have A High Beta?

In finance, Beta is a measure of volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Company Info

Description

Fly Leasing Limited, through its subsidiaries, purchases and leases commercial aircraft under multi-year contracts to various airlines worldwide. As of December 31, 2018, it had a portfolio of 101 aircraft, including 90 narrow-body passenger aircraft and 11 wide-body passenger aircraft, as well as 7 engines. The company was founded in 2007 and is headquartered in Dun Laoghaire, Ireland.

Details
Name: Fly Leasing Limited
FLY
Exchange: NYSE
Founded: 2007
$598,502,201
30,898,410
Website: http://www.flyleasing.com
Address: Fly Leasing Limited
West Pier Business Campus,
Dun Laoghaire,
Co. Dublin, A96 N6T7,
Ireland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE FLY ADR REPR 1 ORD USD0.001 New York Stock Exchange US USD 27. Sep 2007
DB 3BBB ADR REPR 1 ORD USD0.001 Deutsche Boerse AG DE EUR 27. Sep 2007
Number of employees
Current staff
Staff numbers
0
Fly Leasing employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/07 23:57
End of day share price update: 2019/12/06 00:00
Last estimates confirmation: 2019/12/03
Last earnings filing: 2019/11/12
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.