Morningstar Quantitative ratings for equities (denoted on this page by ) are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.Click here for more on how to use these ratings.
Company Profile
Air Lease Corp is an aircraft leasing company based in the United States. However, it derives most of its revenue from the European region. Its business involves purchasing aircraft from renowned manufacturers such as The Boeing Company (Boeing) and Airbus S.A.S and leasing them to airline companies across the world. Its suite of aircraft entails single-aisle narrow-bodied jets and twin-aisle wide-bodied aircraft. The company's primary source of revenue originates from leasing of aircrafts and to a certain extent from the provision of fleet management services to investors and owners of aircraft portfolios.
There is no one analyst in which a Quantitative Star Rating and Fair Value Estimate is attributed to; however, Mr. Lee Davidson, Head of Quantitative Research for Morningstar, Inc., is responsible for overseeing the methodology that supports the quantitative fair value. As an employee of Morningstar, Inc., Mr. Davidson is guided by Morningstar, Inc.'s Code of Ethics and Personal Securities Trading Policy in carrying out his responsibilities. For information regarding Conflicts of Interests, click https://shareholders-morningstar-com.proxy.montgomerylibrary.org/investor-relations/governance/Compliance--Disclosure/default.aspx
The Morningstar Rating for Stocks is calculated daily based on the following factors:
A stock's current price.
Morningstar's estimate of the stock's fair value.
Morningstar's uncertainty rating of the fair value.
Four-star and 5-star ratings represent the belief that the stock is undervalued, while a 3-star rating is considered fairly valued, and 1-star and 2-star stocks are considered overvalued.
A superscript Q denotes a value that was determined by a quantitative model that estimates the value a Morningstar analyst would likely assign to the company.There is no one analyst in which a Quantitative Star Rating is attributed to; however, Mr. Lee Davidson, Head of Quantitative Research for Morningstar, Inc., is responsible for overseeing the methodology that supports the quantitative fair value. As an employee of Morningstar, Inc., Mr. Davidson is guided by Morningstar, Inc.'s Code of Ethics and Personal Securities Trading Policy in carrying out his responsibilities. For information regarding Conflicts of Interests,
https://shareholders-morningstar-com.proxy.montgomerylibrary.org/investor-relations/governance/Compliance--Disclosure/default.aspx
The Morningstar Rating for Stocks is a projection/opinion and not a statement of fact. If Morningstar's base-case assumptions are true the market price will converge on Morningstar's fair value estimate over time, generally within three years. Investments in securities are subject to market and other risks. Past performance of a security may or may not be sustained in future and is no indication of future performance.
The titles shown below reflect the executives' positions as of the last reported proxy statement. Executives or positions may have changed since that time.
The titles shown below reflect the board of directors' positions as of the last reported proxy statement. Executives or positions may have changed since that time.
The titles shown below reflect the committees' positions as of the last reported proxy statement. Executives or positions may have changed since that time.
Company Profile
Business Description
Air Lease Corp is an aircraft leasing company based in the United States. However, it derives most of its revenue from the European region. Its business involves purchasing aircraft from renowned manufacturers such as The Boeing Company (Boeing) and Airbus S.A.S and leasing them to airline companies across the world. Its suite of aircraft entails single-aisle narrow-bodied jets and twin-aisle wide-bodied aircraft. The company's primary source of revenue originates from leasing of aircrafts and to a certain extent from the provision of fleet management services to investors and owners of aircraft portfolios.
The titles shown below reflect the executives' positions as of the last reported proxy statement. Executives or positions may have changed since that time.
Jan 2012
The investment was not publicly traded at this time.
Fair Value
Under Review
Close
25.26
High
25.83
Low
23.10
About Quantitative Ratings
There is no one analyst in which a Quantitative Star Rating and Fair Value Estimate is attributed to; however, Mr. Lee Davidson, Head of Quantitative Research for Morningstar, Inc., is responsible for overseeing the methodology that supports the quantitative fair value. As an employee of Morningstar, Inc., Mr. Davidson is guided by Morningstar, Inc.'s Code of Ethics and Personal Securities Trading Policy in carrying out his responsibilities. For information regarding Conflicts of Interests, click https://shareholders-morningstar-com.proxy.montgomerylibrary.org/investor-relations/governance/Compliance--Disclosure/default.aspx
Payout Ratio %
The data is calculated based on calendar year end value.
