FTAI Aviation Ltd

Chart & Performance

D1W1MN

Profile

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America. It operates through three segments: Aviation Leasing, Jefferson Terminal, and Ports and Terminals. The Aviation Leasing segment leases aircraft and aircraft engines. As of December 31, 2020, this segment owned and managed 264 aviation assets, including 78 commercial aircraft and 186 engines. The Jefferson Terminal segment engages in the development of a multi-modal crude oil and refined products handling terminal in Beaumont, Texas; and ownership of various other assets for the transportation and processing of crude oil and related products. The Ports and Terminals segment operates Repauno, a 1,630 acre deep-water port located along the Delaware River; and Long Ridge, which is a 1,660 acre multi-modal port located along the Ohio River. The company also owns and leases offshore energy equipment and shipping containers. It serves operators of transportation and infrastructure networks comprising airlines, offshore energy service providers, energy providers, and shipping lines. The company is externally managed by FIG LLC, an affiliate of Fortress Investment Group LLC. Fortress Transportation and Infrastructure Investors LLC was founded in 2011 and is headquartered in New York, New York.

URL

https://www.ftaiaviation.com/

IPO date

May 14, 2015

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	1,170,896 65.28%	708,411 55.42%	455,802 24.37%
Cost of revenue	685,709	415,466	219,165
Unusual Expense (Income)
NOPBT	485,187	292,945	236,637
NOPBT Margin	41.44%	41.35%	51.92%
Operating Taxes	(59,800)	5,300	(1,057)
Tax Rate		1.81%
NOPAT	544,987	287,645	237,694
Net income	243,817 -320.43%	(110,611) -15.37%	(130,706) 24.45%
Dividends	(151,642)	(155,647)	(142,767)
Dividend yield	5.97%	8.03%
Proceeds from repurchase of equity	5		3,318,030
BB yield	0.00%
Debt
Debt current		70,404	100,527
Long-term debt	2,517,343	2,246,131	3,367,399
Deferred revenue		(22,794)	(1,491)
Other long-term liabilities	166,801	147,996	243,280
Net debt	2,301,565	2,260,933	3,202,523
Cash flow
Cash from operating activities	128,982	(20,657)	(22,044)
CAPEX	(278,042)	(813,652)	(767,631)
Cash from investing activities	(373,349)	(411,253)	(1,286,958)
Cash from financing activities	282,208	44,914	1,587,645
FCF	11,825	2,116,682	(905,680)
Balance
Cash	90,756	33,565	188,078
Long term investments	125,022	22,037	77,325
Excess cash	157,233	20,181	242,613
Stockholders' equity	(80,090)	(323,948)	(287,840)
Invested Capital	2,931,868	2,807,872	5,048,061
ROIC	18.99%	7.32%	5.68%
ROCE	17.01%	11.69%	4.97%
EV
Common stock shares outstanding	100,426	99,421	89,922
Price	25.30 29.74%	19.50
Market cap	2,540,762 31.05%	1,938,710
EV	4,843,020	4,200,300
EBITDA	670,190	523,316	466,371
EV/EBITDA	7.23	8.03
Interest	161,639	169,194	171,036
Interest/NOPBT	33.31%	57.76%	72.28%