FLY Leasing acquires and leases its aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. The company was founded in 2007 and is based in Dun Laoghaire, Ireland.
FLY Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for FLY, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Fly Leasing Ltd ranked in the 85th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for Fly Leasing Ltd ended up being:
13% of the company's capital comes from equity, which is greater than merely 2.92% of stocks in our cash flow based forecasting set.
Fly Leasing Ltd's weighted average cost of capital (WACC) is 8%; for context, that number is higher than only 17.34% of tickers in our DCF set.
As a business, Fly Leasing Ltd experienced a tax rate of about 4% over the past twelve months; relative to its sector (Industrials), this tax rate is higher than merely 24.38% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
RCMT, NWPX, PGAS, SGRP, and CYD can be thought of as valuation peers to FLY, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.
Shares of Fly Leasing (NYSE: FLY) climbed more than 25% on Wednesday following a report saying the company is considering a sale. It has been a tough year for Fly and other aircraft leasing companies, but management could be hoping a buyer sees long-term value in its portfolio. It's been a turbulent year for airlines, and companies that rely on airlines for revenue have been caught in the downdraft.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 817 13F filings submitted by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of September 30th, 2020. […]
Fly Leasing (NYSE:FLY) had its price objective cut by Deutsche Bank Aktiengesellschaft from $10.00 to $8.50 in a report released on Monday morning, The Fly reports. They currently have a buy rating on the transportation company’s stock. A number of other equities research analysts also recently commented on FLY. ValuEngine downgraded Fly Leasing from a […]
DUBLIN, Nov. 12, 2020 /PRNewswire/ -- Fly Leasing Limited (NYSE: FLY) ("FLY"), a global leader in aircraft leasing, today announced its financial results for the third quarter of 2020. Highlights Net loss of $8.1 million, $0.26 loss per share 2.1x net debt to equity $285.1 million of…