AerCap: Key Developments In 2024 Annual Report

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(9min)

Summary

  • AerCap's 2024 20-F filing shows stability in widebody lease expirations and a bullish stance on secondary market values, with a significant shift from Asia to Europe.
  • The company increased its engine leasing clients and added new aircraft, reflecting a strong order book despite delivery delays, and budgeted $6B in capex for 2025.
  • AerCap's debt decreased, maintaining a low debt/equity ratio, and it plans significant share buybacks, potentially reducing shares by 15% in the coming year.
  • Valued at $143 per share, AER stock offers high returns with low risk, leveraging its scale advantages and strategic asset management, despite potential risks like leadership changes and market competition.
Female apprentice aircraft maintenance engineer work underneath jet engine

Monty Rakusen

AerCap (NYSE:AER) just released its annual report (the 20-F filing) when it published its Q4 results. I update my valuation and investment case and look into all significant changes in the document, comparing with 2023.

From the scheduled lease expirations

This article was written by

690 Followers
Generalist. Former buy-side. I prefer fishing in out-of-favor sectors and/or geographies. Not only do those ponds have lower valuations in aggregate, they tend to be less efficient as well. A double advantage for stock pickers. Public filings diver. Belgium based.

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