Professional
Added to YB: 2024-07-12
Pitch date: 2024-07-10
AER [bullish]
AerCap Holdings N.V.
+51.27%
current return
Author Info
No bio for this author
Company Info
AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in the United States, China, and internationally.
Market Cap
$16.1B
Pitch Price
$92.25
Price Target
N/A
Dividend
1.21%
EV/EBITDA
13.47
P/E
8.29
EV/Sales
7.53
Sector
Trading Companies and Distributors
Category
value
L1 Capital International Fund Portfolio Holding: AerCap Holdings N.V.
AER: World's largest aircraft lessor at 8x P/E, 1x understated TBV. 50% market share, strong growth drivers. Industry-leading mgmt, investment grade rating. 98% utilization, young fleet. Structural aircraft/engine shortage boosting lease rates. $3.3B GECAS discount, $1.3B Russia recovery, rising aircraft values add hidden value. Consistent ROE 8-10% above risk-free rate. Top 10 holding with compelling valuation.
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