BOC Aviation Limited

BOC Aviation Limited

7.95
EUR
+0.05
(+0.63%)
6.32BMarket Cap
Mar 11Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.51
1.65
1.78
1.76
1.97
2.37
2.66
2.69
2.94
3.06
2.98
3.16
3.44
- -
Basic EPS, GAAP
0.47
0.52
0.58
0.64
0.85
0.89
1.01
0.73
0.81
0.03
1.1
1.33
1.13
- -
Free Cash Flow per Basic Share
-2.82
-3.7
-3.89
-2.75
-4.56
-3.49
-2.24
-4.06
-0.46
1.15
-1.96
0.14
-1.88
- -
Dividend per Share
0.19
0.24
- -
0.07
0.22
0.32
0.32
0.36
0.23
0.26
0.29
0.47
0.41
- -
Book Value per Share
3.27
3.55
4.14
4.87
5.5
6.05
6.6
6.88
7.59
7.5
8.28
9.17
9.86
10.13
Tangible Book Value per Share
3.27
3.55
4.14
4.87
5.5
6.05
6.6
6.88
7.59
7.5
8.28
9.17
9.86
10.13
Basic Weighted Avg Shares
590
590
590
651
694
694
694
694
694
694
694
694
694
77
Sales/Revenue/Turnover
888
971
1,049
1,144
1,367
1,644
1,844
1,869
2,040
2,123
2,069
2,196
2,388
- -
Operating Margin (%)
41.19
38.75
43.41
42.4
41.72
42.19
42.24
40.84
37.96
37.91
26.58
26.26
34.58
- -
Depreciation Expense
336
381
382
378
460
543
610
676
766
786
795
794
782
- -
Net Income, GAAP
277
309
343
418
587
620
702
510
561
20
764
924
787
- -
Effective Tax Rate (%)
10.89
12.53
14.48
11.76
- -
9.45
9.38
9.44
12.11
31.99
11.23
11.13
15.89
- -
Profit Margin (%)
31.19
31.78
32.72
36.55
42.93
37.73
38.08
27.27
27.51
0.94
36.92
42.06
32.96
- -
Working Capital
-321
-659
-462
-370
-1,152
-1,452
-1,402
-1,502
-1,533
-1,874
-2,570
-1,194
-1,501
-794
LT Debt
6,622
7,349
7,716
7,600
9,287
10,840
11,599
14,960
14,867
12,716
13,428
13,975
15,284
17,168
Total Equity
1,927
2,096
2,440
3,382
3,819
4,199
4,581
4,777
5,266
5,202
5,748
6,363
6,841
7,027
Return on Invested Capital (%)
3.25
3.15
3.27
3.67
- -
4.05
3.98
2.82
2.58
-0.17
2.27
2.9
2.96
- -
Return on Capital (%)
4.58
4.52
4.55
5.28
- -
6.06
6.34
4.68
4.46
0.09
3.59
4.08
3.35
- -
Return on Common Equity (%)
15.03
15.34
15.14
14.36
16.29
15.48
16
10.9
11.18
0.38
13.95
15.25
11.92
- -

Capital Structure

USD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
1,789
1,880
1,282
LT Borrowings
15,091
15,272
17,157
LT Finance Leases
12
12
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
694
694
694
Market Capitalization
5,766
6,497
7,215

Working Capital

USD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
1,303
968
908
Cash, Cash Equivalents & STI
533
400
319
Accounts Receivable, Net
8
12
22
Inventories
- -
- -
- -
Total Current Liabilities
2,256
2,468
1,703
Payables & Accruals
- -
- -
- -
ST Debt
1,789
1,880
1,282
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.26%
7.55%
7.52%
Free Cash Flow
-221.71%
-458.75%
-1,478.45%
Net Income, GAAP
368.16%
725.58%
-14.76%
Sales/Revenue/Turnover
8.79%
5.11%
8.77%
Total Cash Common Dividend
- -
8.08%
-11.96%

Semi-annual Revenue

USD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2,196
2025
- -
- -
2,388
2026
- -
- -
- -

Semi-annual Earnings Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.33
2025
- -
- -
1.13
2026
- -
- -
- -

Semi-annual Dividends Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.47
2025
- -
- -
0.41
2026
- -
- -
- -

Company Description

CEO
Steven Matthew Townend
Full Time Employees
211
Sector
Finance
Industry
Finance/Rental/Leasing
Address
No. 15-01, 79 Robinson Road Singapore CE Singapore 068897
IPO Date
Jun 1, 2016
Business
BOC Aviation Limited is a global aircraft operating leasing company headquartered in Singapore, founded in 1993. It specializes in purchasing, leasing, financing, and selling commercial aircraft, primarily including fuel-efficient models such as the Airbus A320CEO, A320NEO, A330, Boeing 737NG, and Boeing 777-300ER. The company serves a globally diversified customer base of airlines, banks, and other investors, offering comprehensive aircraft lease management, remarketing, technical management, structured finance, and aircraft transition services. BOC Aviation operates across major regions including Asia Pacific, Chinese Mainland, Europe, the Middle East, Africa, and the Americas. The company manages a large fleet with 483 owned and managed aircraft and engines leased to 92 customers in 45 countries and regions, with an order book totaling 351 aircraft scheduled for delivery through 2032. It focuses on acquiring new in-demand aircraft directly from manufacturers and placing them on long-term US dollar-denominated leases with a weighted average lease term of about eight years. The portfolio maintains a young average aircraft age of around five years, weighted by net book value, which supports operational efficiency and fleet value. Recent significant developments include a record profit for the full year 2024 with net profit after tax of US$342 million, despite some decline from previous highs, and placing the largest aircraft order in its history, committing to 120 new aircraft in the first half of 2025 to enhance growth capacity. The company continues to engage in purchase-and-leaseback transactions, such as a disclosed transaction in late 2025 for three Airbus A350-900 aircraft, and actively explores financing innovations and fleet expansions aligned with global airline demand. In 2024, BOC Aviation also established an ESG Department to address sustainability initiatives reflecting evolving industry standards. BOC Aviation is publicly listed on the Hong Kong Stock Exchange (Ticker: 2588.HK) and has offices in Singapore, Dublin, London, New York, and Tianjin. It maintains strong financial metrics with robust lease collection rates exceeding 100%, over 30 years of unbroken profitability, and has raised more than US$48 billion in debt financing to support its aircraft portfolio. The company strategically balances aircraft acquisitions, leases, sales, repossessions, and transitions to sustain portfolio quality and generate gains on asset sales, ensuring long-term operational and financial resilience.

Company News

  • BOC Aviation Limited (OTCMKTS:BCVVF) Short Interest Down 92.4% in March

  • Short Interest in BOC Aviation Limited (OTCMKTS:BCVVF) Declines By 15.8%

  • BOC Aviation: Airplane Lessors Remain Attractive

  • BOC Aviation: Spotlight On Q3 Aircraft Deliveries And Aircraft Leasing Market Outlook

  • BOC Aviation: A Buy On Strong Demand For Aircraft Leasing

  • BOC Aviation awarded $406.2 mln over planes stuck in Russia