NYSE:AER

Stock Analysis Report

Executive Summary

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in China, the United States, Ireland, and internationally.

Snowflake

Fundamentals

Fair value with acceptable track record.


Similar Companies

Share Price & News

How has AerCap Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AER has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.0%

AER

0.5%

US Trade Distributors

0.5%

US Market


1 Year Return

16.7%

AER

17.1%

US Trade Distributors

12.8%

US Market

Return vs Industry: AER matched the US Trade Distributors industry which returned 17.1% over the past year.

Return vs Market: AER exceeded the US Market which returned 12.8% over the past year.


Shareholder returns

AERIndustryMarket
7 Day1.0%0.5%0.5%
30 Day11.6%10.7%4.3%
90 Day19.7%22.6%8.0%
1 Year16.7%16.7%19.2%17.1%15.3%12.8%
3 Year37.4%37.4%39.7%33.7%48.3%38.7%
5 Year39.4%39.4%36.6%27.1%62.6%44.5%

Price Volatility Vs. Market

How volatile is AerCap Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is AerCap Holdings undervalued compared to its fair value and its price relative to the market?

7.78x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AER's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate AER's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AER is good value based on its PE Ratio (7.8x) compared to the Trade Distributors industry average (17.8x).

PE vs Market: AER is good value based on its PE Ratio (7.8x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: AER's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: AER is good value based on its PB Ratio (0.9x) compared to the US Trade Distributors industry average (1.9x).


Next Steps

Future Growth

How is AerCap Holdings forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

-3.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AER's earnings are forecast to decline over the next 3 years (-3.8% per year).

Earnings vs Market: AER's earnings are forecast to decline over the next 3 years (-3.8% per year).

High Growth Earnings: AER's earnings are forecast to decline over the next 3 years.

Revenue vs Market: AER's revenue (1.3% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: AER's revenue (1.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AER's Return on Equity is forecast to be low in 3 years time (10.2%).


Next Steps

Past Performance

How has AerCap Holdings performed over the past 5 years?

1.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AER has high quality earnings.

Growing Profit Margin: AER's current net profit margins (21.8%) are lower than last year (21.9%).


Past Earnings Growth Analysis

Earnings Trend: AER's earnings have grown by 1.9% per year over the past 5 years.

Accelerating Growth: AER's earnings growth over the past year (1.8%) is below its 5-year average (1.9% per year).

Earnings vs Industry: AER earnings growth over the past year (1.8%) exceeded the Trade Distributors industry -5.1%.


Return on Equity

High ROE: AER's Return on Equity (11.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is AerCap Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: AER's short term assets ($3.5B) exceeds its short term liabilities ($2.9B)

Long Term Liabilities: AER's short term assets (3.5B) do not cover its long term liabilities (31.4B)


Debt to Equity History and Analysis

Debt Level: AER's debt to equity ratio (316.8%) is considered high

Reducing Debt: AER's debt to equity ratio has reduced from 403.1% to 316.8% over the past 5 years.

Debt Coverage: AER's debt is not well covered by operating cash flow (10.6%).

Interest Coverage: AER's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet

Inventory Level: AER has a low level of unsold assets or inventory.

Debt Coverage by Assets: AER's debt is not covered by short term assets (assets are 0.1x debt).


Next Steps

Dividend

What is AerCap Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.6%forecastin3Years0%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate AER's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate AER's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AER's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AER's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AER's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of AerCap Holdings's salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average management tenure


CEO

Aengus Kelly (45yo)

8.5yrs

Tenure

0

Mr. Aengus Kelly, also known as Gus, has been the Chief Executive Officer of AerCap Holdings N.V. since May 18, 2011. Mr. Kelly served as the Chief Executive Officer of AerCap, Inc., a subsidiary of AerCap ...


Management Age and Tenure

3.1yrs

Average Tenure

49yo

Average Age

Experienced Management: AER's management team is considered experienced (3.1 years average tenure).


Board Age and Tenure

8.5yrs

Average Tenure

52yo

Average Age

Experienced Board: AER's board of directors are considered experienced (8.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$19,803,28403 Oct 19
Waha Capital PJSC, Asset Management Arm
EntityCompany
Shares528,616
Max PriceUS$49.61
SellUS$39,226,74203 Oct 19
Waha Capital PJSC, Asset Management Arm
EntityCompany
Shares826,178
Max PriceUS$49.61
SellUS$74,551,25617 Jun 19
Waha Capital PJSC, Asset Management Arm
EntityCompany
Shares1,520,880
Max PriceUS$49.02
SellUS$65,885,42003 Jun 19
Waha Capital PJSC, Asset Management Arm
EntityCompany
Shares1,479,120
Max PriceUS$50.46
SellUS$64,555,05521 Mar 19
Waha Capital PJSC, Asset Management Arm
EntityCompany
Shares1,517,850
Max PriceUS$44.65
SellUS$53,166,57807 Mar 19
Waha Capital PJSC, Asset Management Arm
EntityCompany
Shares1,274,423
Max PriceUS$47.78
SellUS$9,610,64207 Mar 19
Waha Capital PJSC, Asset Management Arm
EntityCompany
Shares207,727
Max PriceUS$47.78
SellUS$3,767,10327 Dec 18
Waha Capital PJSC, Asset Management Arm
EntityCompany
Shares80,688
Max PriceUS$48.04
SellUS$15,568,29927 Dec 18
Waha Capital PJSC, Asset Management Arm
EntityCompany
Shares332,467
Max PriceUS$48.04
SellUS$17,736,23117 Dec 18
Waha Capital PJSC, Asset Management Arm
EntityCompany
Shares331,682
Max PriceUS$53.47

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Joe Venuto (61yo)

    Chief Technical Officer

    • Tenure: 7.8yrs
  • Aengus Kelly (45yo)

    CEO & Executive Director

    • Tenure: 8.5yrs
  • Vincent Drouillard (43yo)

    General Counsel

    • Tenure: 1.4yrs
  • Peter Juhas (47yo)

    Chief Financial Officer

    • Tenure: 2.6yrs
  • Phil Scruggs (54yo)

    Chief Commercial Officer & President

    • Tenure: 5.5yrs
  • Joseph McGinley

    Head of Investor Relations

    • Tenure: 1.9yrs
  • Peter Anderson (43yo)

    Head of EMEA

    • Tenure: 0.8yrs
  • Gillian Culhane

    Vice President of Corporate Communications

    • Tenure: 0yrs
  • Theresa Murray (51yo)

    Head of Human Resources

    • Tenure: 3.1yrs
  • Jorg Koletzki (51yo)

    Chief Information Officer

    • Tenure: 4.2yrs

Board Members

  • Bob Warden (46yo)

    Non Executive Director

    • Tenure: 13.3yrs
  • Paul Dacier (61yo)

    Vice Chairman of the Board

    • Tenure: 0yrs
  • Jim Lawrence (67yo)

    Independent Director

    • Tenure: 2.5yrs
  • Pieter Korteweg (78yo)

    Non-Executive Chairman of the Board

    • Tenure: 0yrs
  • Michael Gradon (59yo)

    Independent Director

    • Tenure: 9.5yrs
  • Salem Rashid Ali Al Noaimi (43yo)

    Non-Executive Director

    • Tenure: 8.5yrs
  • Aengus Kelly (45yo)

    CEO & Executive Director

    • Tenure: 8.5yrs
  • Homaid Abdulla Al Shimmari (51yo)

    Non-Executive Director

    • Tenure: 8.5yrs
  • Michael Walsh (52yo)

    Non-Executive Director

    • Tenure: 2.5yrs
  • Brad Branch

    Non-Executive Director

    • Tenure: 1.6yrs

Company Information

AerCap Holdings N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AerCap Holdings N.V.
  • Ticker: AER
  • Exchange: NYSE
  • Founded: 1995
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: US$8.016b
  • Shares outstanding: 132.51m
  • Website: https://www.aercap.com

Number of Employees


Location

  • AerCap Holdings N.V.
  • AerCap House
  • 65 St. Stephen’s Green
  • Dublin
  • Co. Dublin
  • 2
  • Ireland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AERNYSE (New York Stock Exchange)YesOrdinary SharesUSUSDNov 2006
R1DDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2006

Biography

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in China, the United States, Ireland, and internationally. The co ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/13 00:04
End of Day Share Price2019/11/12 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.