Aercap Holdings N.V.

Aercap Holdings N.V.

AER

Market Cap$20.39B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Aercap Holdings N.V.Aercap Holdings N.V.7.50.74%15%2.72.9

Earnings Call Q3 2024

October 30, 2024 - AI Summary

Strong Financial Performance: AerCap reported adjusted net income of $463 million and adjusted earnings per share of $2.41 for Q3 2024, showing consistent performance and an increase in earnings guidance from $10.25 to approximately $10.70 for the full year, despite not including gains on sale in Q4. Operating cash flow reached a record $5.6 billion over the last 12 months, reflecting strong demand and effective asset management.
Asset Demand and Fleet Management: AerCap executed 226 transactions, including 160 lease agreements, indicating a robust leasing environment with a utilization rate at 99%, the highest since the pandemic. This illustrates ongoing high demand for both new and older aircraft, with extension rates exceeding 90%, showcasing the recurring earnings power of the business.
Challenges from Supply Chain Constraints: The ongoing strikes at Boeing and delays at Airbus are contributing to persistent supply constraints for aircraft deliveries. The company has adjusted its delivery schedule, moving 23 aircraft into 2025 and 2026. This situation is not only affecting fleet growth but may also complicate maintenance and aftermarket support, highlighting the interconnected nature of the manufacturing and leasing sectors.

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$119.00

Target Price by Analysts

12.9% upsideAercap Holdings N.V. Target Price DetailsTarget Price
$102.27

Current Fair Value

3% downside

Overvalued by 3% based on the discounted cash flow analysis.

Share Statistics

Market cap$20.39 Billion
Enterprise Value$65.80 Billion
Dividend Yield$0.75 (0.7447864945382321%)
Earnings per Share$13.99
Beta1.81
Outstanding Shares187,510,161

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio7.45
PEG-11.28
Price to Sales2.7
Price to Book Ratio1.18
Enterprise Value to Revenue8.79
Enterprise Value to EBIT20.77
Enterprise Value to Net Income25
Total Debt to Enterprise0.75
Debt to Equity2.93

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Aercap Holdings N.V.

390 employees
CEO: Aengus Kelly

AerCap is the world's largest aircraft leasing company after acquiring International Lease Finance Corporation in 2014. As of June 2020, AerCap had 1,035 owned, managed aircraft in its portfolio. AerCap serves over 200 customers in appro...