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Willis Lease Finance Corp (WLFC) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Willis Lease Finance Corp (WLFC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Willis Lease Finance Corp is a provider of aviation services. It is focused on providing operating leases of commercial aircraft engines and other aircraft-related equipment to air carriers, manufacturers and overhaul/repair facilities. Willis Lease Finance Corp has a market cap of $264.370 million; its shares were traded at around $42.58 with a P/E ratio of 4.08 and P/S ratio of 0.88. Willis Lease Finance Corp had annual average EBITDA growth of 8.90% over the past ten years.


For the last quarter Willis Lease Finance Corp reported a revenue of $78.0 million, compared with the revenue of $65.86 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $348.3 million, an increase of 26.7% from last year. For the last five years Willis Lease Finance Corp had an average revenue growth rate of 16.5% a year.

The reported diluted earnings per share was $6.6 for the year, a decline of 31.9% from the previous year. Over the last five years Willis Lease Finance Corp had an EPS growth rate of 50.8% a year. The Willis Lease Finance Corp had a decent operating margin of 36.56%, compared with the operating margin of 37.3% a year before. The 10-year historical median operating margin of Willis Lease Finance Corp is 35.81%. The profitability rank of the company is 8 (out of 10).

At the end of the fiscal year, Willis Lease Finance Corp has the cash and cash equivalents of $11.7 million, compared with $7.05 million in the previous year. The long term debt was $1.3 billion. The interest coverage to the debt is 2, which is not a favorable level. Willis Lease Finance Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $42.58, Willis Lease Finance Corp is traded at 15.6% premium to its historical median P/S valuation band of $36.82. The P/S ratio of the stock is 0.88, while the historical median P/S ratio is 0.81. The stock gained 47.59% during the past 12 months.

For the complete 20-year historical financial data of WLFC, click here.

This article first appeared on GuruFocus.