AER – Market expectations are for further Uniform ROA declines, but management is excited about the airline industry’s path and confident about cash collection
September 11, 2020
- AerCap Holdings N.V. (AER:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) earnings, with a 16.7x Uniform P/E. At these levels, the market has bearish expectations for the firm, but management is excited about the airline industry’s path and confident about cash collection
- Specifically, management generated an excitement marker when discussing the airline industry’s path to being able to pay off cash operating costs. Additionally, they are confident in their ability to collect cash from customers