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Avation
(LSE:AVAP)
Avation (AVAP) vs. S&P 500 (SPY)
Avation Business Overview & Revenue Model
Avation Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 89.48M | 93.65M | 109.84M | 110.79M | 138.50M | Gross Profit |
| -3.83M | -14.31M | 3.05M | 4.24M | 34.65M | EBIT |
| 83.22M | 70.63M | 90.18M | -62.71M | 70.36M | EBITDA |
| 29.70M | 20.48M | 40.80M | 79.44M | 103.24M | Net Income Common Stockholders |
| 19.73M | 12.19M | 17.13M | -84.89M | 9.71M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 34.31M | 128.14M | 122.89M | 122.47M | 114.58M | Total Assets |
| 1.14B | 1.18B | 1.22B | 1.28B | 1.42B | Total Debt |
| 675.50M | 755.98M | 828.13M | 947.64M | 1.07B | Net Debt |
| 651.94M | 639.07M | 708.96M | 825.17M | 957.15M | Total Liabilities |
| 885.92M | 937.96M | 989.93M | 1.13B | 1.19B | Stockholders Equity |
| 256.39M | 241.63M | 227.09M | 156.94M | 220.95M |
| Cash Flow | Free Cash Flow | |||
| 81.56M | 48.38M | 54.46M | 62.18M | 29.77M | Operating Cash Flow |
| 81.57M | 48.39M | 54.48M | 62.28M | 88.51M | Investing Cash Flow |
| 13.21M | 38.52M | 65.62M | 20.08M | -58.74M | Financing Cash Flow |
| -96.03M | -97.36M | -109.90M | -92.59M | -56.17M |
Avation Technical Analysis
Avation Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | £2.99B | 5.62 | 29.34% | 1.12% | 18.05% | 16.71% | |
74 Outperform | £97.82M | 4.49 | 12.33% | 0.34% | 8.36% | ― | |
71 Outperform | £13.98B | 6.58 | 58.10% | 0.66% | 6.07% | 0.66% | |
66 Neutral | £160.98M | ― | -0.02% | 15.20% | -5.22% | -100.30% | |
62 Neutral | $8.16B | 12.85 | 0.64% | 3.04% | 3.83% | -15.83% |
Avation Corporate Events
Avation PLC announced the allotment of 278,371 new ordinary shares following the exercise of staff and listed warrants, representing approximately 0.37% of the company’s enlarged capital. This exercise generated proceeds of £296,721.42, which will be used for general corporate purposes. The new shares are expected to be admitted to trading on the London Stock Exchange by 19 March 2025. Additionally, Robert Jeffries Chatfield, a director, increased his holdings to 18.53% of the voting rights through subscription and a trust transfer, reflecting significant insider engagement and potential confidence in the company’s future.
Avation PLC announced the repurchase of 30,000 ordinary shares at a price of 138 pence per share, which is significantly below the company’s net asset value per share as of December 2024. This transaction affects the total number of voting rights, which is now 66,541,886, and may impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
Avation PLC announced the repurchase of 300,000 ordinary shares at 138 pence per share, a significant discount compared to the company’s net asset value per share as of December 2024. This transaction reduces the total number of voting rights to 66,571,886, impacting shareholder calculations under FCA’s rules.
Avation PLC reported strong financial results for the six months ending December 2024, with revenue and EBITDA showing significant growth. The company achieved full fleet utilization, reduced net indebtedness, and improved its credit risk profile by adding Etihad Airlines as a lessee. Avation’s strategic focus on modern, low-emission aircraft and revenue diversification is supported by a new $85 million financing facility, enhancing cash flow and reducing leverage. The company plans to grow its fleet with new aircraft deliveries and is considering a move to the Main Market of the London Stock Exchange to boost capital market visibility.
Avation PLC has announced the acquisition of an Airbus A320, which is currently leased to Etihad Airlines. This transaction enhances Avation’s narrow-body aircraft fleet and adds a high credit quality airline to its customer list. The acquisition, expected to close in March 2025, is part of Avation’s strategy to improve revenue diversification and overall credit quality. Additionally, Avation reported an increase in the average remaining lease term of its fleet, marking the first rise in this metric since the end of the COVID pandemic.
Avation PLC, a global commercial passenger aircraft leasing company, plans to release its Interim Results for the six months ended 31 December 2024. The company has organized an investor update call on 25 February 2025 to discuss these results and engage with stakeholders, showcasing its commitment to transparency and investor relations.
Avation PLC has secured an $85 million expandable portfolio financing facility with a major international bank to refinance select aircraft in its fleet and potentially add new ones. This move is expected to significantly enhance Avation’s cash flow and financial position, demonstrating strategic growth and financial prudence within the competitive aircraft leasing industry.
Avation PLC, a UK-based company, announced a change in its major holdings as HSBC Holdings plc has adjusted its voting rights in the company. The transaction, which occurred on February 10, 2025, saw HSBC’s voting rights in Avation PLC decrease from 5.894% to 4.974%. This development indicates a shift in shareholder dynamics, possibly affecting Avation’s governance and strategic decision-making moving forward.
Avation PLC has announced a change in the holding of its voting rights, with Rangeley Capital LLC and Jeremy Michael Kersten Raper acting in concert to hold 15.94% of the voting rights. This increase from a previous position of 14.90% signifies a strategic move by these stakeholders, potentially impacting Avation’s decision-making and governance as they consolidate their influence.
Avation PLC has announced a change in the voting rights held by IG Markets Limited, a subsidiary of IG Group Holdings. The acquisition or disposal of voting rights has resulted in IG Markets Limited holding a 5.534582% stake in Avation, which reflects a decrease from its previous position. This adjustment in holdings could influence Avation’s corporate governance and decision-making processes, considering the impact of its major stakeholders on company operations.
Avation PLC has announced that the early termination option for the lease of a Boeing 777-300ER with Philippine Airlines has not been exercised, ensuring the lease will continue until December 2029. This development provides the company with certainty regarding lease economics and allows Avation to focus on expanding its narrow body aircraft portfolio, with its current fleet fully placed and utilized.
Avation PLC has announced a change in its major holdings, with Rangeley Capital LLC and Jeremy Michael Kersten Raper acting in concert, now holding 14.90% of voting rights in the company. This adjustment reflects a slight decrease from a previous position of 15.11%, indicating a strategic shift that stakeholders should monitor, as it might influence the company’s governance and decision-making processes.
Avation PLC announced a change in major shareholdings, as Rangeley Capital LLC, along with Christopher C. DeMuth Jr. and Jeremy Michael Kersten Raper, now hold 15.11095% of the voting rights in the company. This marks a significant decrease from a previous position of 25.78184%, indicating a substantial disposal of shares. The notification highlights Rangeley Capital LLC and Kersten Raper’s coordinated approach towards Avation’s management, which could impact the company’s strategic decisions and investor relations.
Avation PLC announced that all resolutions proposed at its nineteenth annual general meeting in Singapore have been approved. This successful meeting underscores the company’s stable governance and potential for continued growth in the aircraft leasing sector, reinforcing its solid relationships with stakeholders.
Avation PLC, a key player in the aircraft leasing industry, reports strong market conditions fueled by robust air travel demand and supply chain constraints impacting new aircraft deliveries. The company has made strategic moves to enhance its financial standing, including aircraft sales and lease extensions, and plans to expand its fleet. Avation’s financial health is bolstered by a reduction in Covid-era arrears, a successful share repurchase program, and increased cash reserves, positioning it well for future growth and shareholder value enhancement.
Avation PLC has completed a significant share buyback, repurchasing 7,800,000 shares at 150p each, representing 10.45% of its total ordinary shares. This move, aimed at enhancing shareholder value, reflects Avation’s confidence in its share value given the strong aircraft market conditions, and is part of its broader strategy to manage capital structure and pursue growth in its aircraft portfolio.
Avation PLC has announced the details for its 2024 Annual General Meeting (AGM) to be held on December 19, 2024, in Singapore, with a simultaneous video conference for UK-based shareholders in London. Shareholders can follow the AGM online but must submit their votes via proxy, as online voting is not available. The company encourages shareholders to register in advance and submit questions either ahead of or during the AGM.