The score is driven primarily by strong cash flow and a significantly improved balance sheet (debt eliminated in 2025). Valuation also looks compelling with a low P/E and very high dividend yield, while technicals are supportive with price above key moving averages. The main risk tempering the score is weakening top-line momentum and earnings normalization versus the 2023 peak.
Positive Factors
Resilient cash generation
AA4’s free cash flow consistency and magnitude (roughly £130m–£280m historically, ~£182m in 2025) underpin durable distributable cash and capital allocation flexibility. High-quality cash generation that covered profits even when earnings were negative provides a multi-month buffer for dividends, lease reinvestment, and working capital needs, supporting business stability over a 2–6 month horizon and beyond.
Negative Factors
Weakening revenue trend
AA4’s recent top-line contraction (revenue down roughly 9% in 2025) signals softer lease income or lower utilization/lease rates. Sustained revenue declines reduce operating leverage benefits, constrain reinvestment capacity and dividend sustainability, and can magnify the impact of fixed costs and asset carrying charges over multiple quarters.
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Positive Factors
Negative Factors
Resilient cash generation
AA4’s free cash flow consistency and magnitude (roughly £130m–£280m historically, ~£182m in 2025) underpin durable distributable cash and capital allocation flexibility. High-quality cash generation that covered profits even when earnings were negative provides a multi-month buffer for dividends, lease reinvestment, and working capital needs, supporting business stability over a 2–6 month horizon and beyond.
Read all positive factors
Amedeo Air Four Plus (AA4) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
N/A
Dividend Yield25.98%
Average Volume (3M)297.97K
Price to Earnings (P/E)6.5
Beta (1Y)-0.41
Revenue Growth-1.94%
EPS GrowthN/A
CountryUK
EmployeesN/A
SectorIndustrials
Sector Strength72
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)0.03
Shares Outstanding260,485,200
10 Day Avg. Volume238,259
30 Day Avg. Volume297,968
Financial Highlights & Ratios
PEG Ratio-0.29
Price to Book (P/B)0.64
Price to Sales (P/S)1.37
P/FCF Ratio1.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.05
Revenue Forecast (FY)£165.90M
Amedeo Air Four Plus Business Overview & Revenue Model
Company Description
Amedeo Air Four Plus Limited specializes in acquiring, leasing and selling aircraft. The fund seeks to use the net proceeds of placings and/or other equity capital raisings, together with debt facilities (or instruments), to acquire aircraft which...
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How the Company Makes Money
AA4 makes money by leasing its fleet of aircraft to commercial airlines. The company enters into long-term lease agreements with airlines, which provide a steady stream of rental income. These leases are typically structured to cover the cost of f...
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Amedeo Air Four Plus Financial Statement Overview
Summary
Cash flow is a major strength (strong, resilient operating and free cash flow with solid 2025 levels), and the balance sheet materially de-risked in 2025 with debt reduced to zero. Offsetting this, revenue has recently declined and profitability has normalized from a stronger 2023 peak, keeping the financial profile solid but not top-tier.
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
81
Very Positive
Breakdown
TTM
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2021
Income Statement
Total Revenue
185.46M
136.65M
151.47M
193.60M
175.59M
161.31M
Gross Profit
-25.85M
136.65M
151.47M
60.69M
59.23M
17.64M
EBITDA
173.98M
0.00
0.00
0.00
0.00
0.00
Net Income
23.53M
13.70M
26.15M
58.81M
24.75M
-172.06M
Balance Sheet
Total Assets
988.31M
1.08B
1.25B
1.39B
1.39B
1.44B
Cash, Cash Equivalents and Short-Term Investments
136.17M
31.63M
55.49M
46.37M
43.29M
63.13M
Total Debt
613.68M
0.00
819.92M
955.41M
994.63M
1.03B
Total Liabilities
708.59M
789.73M
913.45M
955.41M
1.08B
1.13B
Stockholders Equity
279.72M
293.66M
338.84M
341.33M
313.76M
311.69M
Cash Flow
Free Cash Flow
153.59M
181.94M
181.48M
186.92M
147.44M
131.90M
Operating Cash Flow
153.59M
181.94M
181.48M
186.92M
147.44M
131.90M
Investing Cash Flow
3.44M
1.16M
5.88M
13.40M
2.20M
-14.66M
Financing Cash Flow
-161.64M
-197.63M
-170.12M
-191.96M
-159.61M
-238.32M
Amedeo Air Four Plus Technical Analysis
Technical Analysis Sentiment
Positive
Last Price66.00
Price Trends
50DMA
63.97
Positive
100DMA
62.99
Positive
200DMA
61.48
Positive
Market Momentum
MACD
1.72
Positive
RSI
71.09
Negative
STOCH
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AA4, the sentiment is Positive. The current price of 66 is below the 20-day moving average (MA) of 69.96, above the 50-day MA of 63.97, and above the 200-day MA of 61.48, indicating a bullish trend. The MACD of 1.72 indicates Positive momentum. The RSI at 71.09 is Negative, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:AA4.
Delistings and Listing ChangesDividendsM&A TransactionsShareholder Meetings
Amedeo Air Four Plus Sets Shareholder Vote on Lesha Bank-Backed Takeover
Positive
Apr 1, 2026
Amedeo Air Four Plus Limited, a Guernsey-based aircraft leasing investment vehicle listed on London’s Specialist Fund Segment, offers shareholders exposure to long-term leased aircraft assets and associated income streams. Its portfolio is s...
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Business Operations and StrategyFinancial Disclosures
Amedeo Air Four Plus Publishes Q4 2025 Factsheet for Investors
Positive
Feb 18, 2026
Amedeo Air Four Plus Limited has published its factsheet for the quarter ended 31 December 2025, making updated portfolio and performance information available on its website. The release underlines the company’s ongoing commitment to transp...
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Dividends
Amedeo Air Four Plus Confirms Revised Payment Date for Interim Dividend
Neutral
Jan 15, 2026
Amedeo Air Four Plus has confirmed the timetable for its recently announced interim dividend of 2.00p per ordinary share, with the stock going ex-dividend on 15 January 2026 and the payment now set to be effected from 2 February 2026, the first bu...
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 30, 2025