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AeroCentury Corp (ACY) is a US-based company that specializes in aircraft leasing and finance. The company provides leasing and finance solutions to the global aviation industry, with a focus on leasing aircraft and aircraft engines to airlines, aircraft manufacturers, and other aviation customers.
AeroCentury Corp. was founded in 1997 and is headquartered in San Francisco, California. The company has evolved into a leading player in the aviation leasing industry, with a diversified portfolio of aircraft and engines leased to customers worldwide.
The company's stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol "ACY." AerCentury Corp. has a market capitalization of around $180 million and is considered a small-cap company.
In terms of earnings, AeroCentury Corp. has consistently generated net income in recent years. In 2020, the company reported net income of $8.7 million, up from $4.3 million in 2019. Revenue for the same period increased from $37.4 million to $44.9 million.
One of the notable aspects of AeroCentury Corp. is its ability to generate cash from its leasing operations. In 2020, the company reported $14.8 million in cash provided by operating activities, up from $7.7 million in 2019. This indicates that the company has had no issue generating cash from its core operations.
The aviation industry, which has experienced rapid growth in recent years, significantly impacts the company's growth prospects. The growing demand for air travel, driven by a rising middle class with disposable income and increased global connectivity, has led to increased demand for aircraft and aircraft components.
Additionally, AeroCentury Corp. Has a strong track record of shareholder returns. The company has consistently paid dividends to its shareholders, with a current dividend yield of around 4.5%.
Overall, AeroCentury Corp. (ACY) has shown growth potential due to its position in the growing aviation industry and its ability to generate cash from its leasing operations. However, the company faces risks and uncertainties, like any other company in the aviation industry, including fluctuations in global demand for air travel and potential changes in the global economy.
In summary, AeroCentury Corp. (ACY) is a small-cap company specializing in aircraft leasing and finance, with a diversified portfolio of aircraft and engines leased to customers worldwide. The company's financial performance has been consistent, with net income and revenue growth and solid cash generation from its operations. While risks remain, AeroCentury Corp. (ACY) has shown growth potential, particularly given the rapid growth of the aviation industry.
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