AeroCentury Corp.: Company Profile and SWOT Analysis: Company Profile and SWOT Analysis by ICDResearch

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									AeroCentury Corp.

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AeroCentury Corp.                                                                  Financial Snapshot

                                                                                   Operating Performance
Fast Facts
                                      Suite 310, Burlingame, 94010,United States   The company reported revenues of US$30.70 million
Headquarters Address
                                      of America                                   during 2010, with a CARC of 12.98% during 2006–
                                                                                   2010. Its revenue declined at an annual rate of 8.53%
Telephone                             + 1 650 3401888
                                                                                   over the previous fiscal year. In 2010, the company
                                                                                   recorded an operating margin of 8.22%, as against
Fax                                   + 1 650 6963929                              25.78% in 2009.

Website                               www.aerocentury.com
                                                                                   Revenue and Margins
Ticker Symbol, Stock Exchange         ACY, American Stock Exchange

Number of Employees                   N/A

Fiscal Year End                       December

Revenue (in US$ million)              30.70




SWOT Analysis

Strengths                             Weaknesses                                   Return on Equity

Diversified geographical presence     Declining operational performance            The company recorded a return on equity (ROE) of
                                                                                   3.91% for 2010, as compared to its peers, AerCap
                                                                                   Holdings NV (Ticker: AER), Willis Lease Finance
Strong fleet of regional aircraft     Overdependence on few customers              Corporation (Ticker: WLFC) and Aircastle Limited
                                                                                   (Ticker: AYR), which recorded ROEs of 9.37%, 5.31%
                                      Payments defaults                            and 4.90% respectively. The company reported a net
                                                                                   profit margin of 8.22% in 2010.
                                      Reliance on JetFleet Management
                                      Corp.
                                                                                   Return on Equity
Opportunities                         Threats
Positive outlook for global airline
                                      Government regulations
industry

Recovering economy                    Stringent regulations in airline industry




                                                                                   Financial Leverage

                                                                                   The company reported a debt to equity ratio of 1.55 in
                                                                                   2010, as compared to its peers, AerCap Holdings
                                                                                   NV, Willis Lease Finance Corporation and Aircastle
                                                                                   Limited, which recorded debt to equity ratios of 2.97,
                                                                                   3.22 and 2.02 respectively. In 2010, the company
                                                                                   recorded a debt to capital ratio of 0.00, as compared
                                                                                   to its peers, AerCap Holdings NV, Willis Lease
                                                                                   Finance Corporation and Aircastle Limited, which
                                                                                   recorded debt to capital ratios of 0.01, 0.01 and 0.01
                                                                                   respectively.




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AeroCentury Corp. - SWOT Profile                                                                                           Page 1
AeroCentury Corp.

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1     Company Overview .................................................................................................................................................5
    1.2     Business Description ...............................................................................................................................................5
    1.3     Major Products and Services ...................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1     Five Year Snapshot: Overview of Financial and Operational Performance Indicators ...........................................7
    2.2     Key Financial Performance Indicators .....................................................................................................................9
      2.2.1        Revenue and Operating Profit .........................................................................................................................9
      2.2.2        Asset, Liabilities and Capex ..........................................................................................................................10
      2.2.3        Valuation ........................................................................................................................................................11
    2.3     Competitive Benchmarking ....................................................................................................................................12
      2.3.1        Market Capitalization .....................................................................................................................................12
      2.3.2        Efficiency .......................................................................................................................................................14
      2.3.3        Capital Expenditure .......................................................................................................................................15
      2.3.4        Valuation ........................................................................................................................................................16
      2.3.5        Turnover – Inventory and Asset ....................................................................................................................17
3     SWOT Analysis ...................................................................................................................................... 18
    3.1     SWOT Analysis - Overview ...................................................................................................................................18
    3.2     Strengths ...................................
								
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