DB:2FT

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Fortress Transportation and Infrastructure Investors

Executive Summary

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.


Snowflake Analysis

Very undervalued with high growth potential.

Share Price & News

How has Fortress Transportation and Infrastructure Investors's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2FT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

2FT

4.2%

DE Trade Distributors

7.9%

DE Market


1 Year Return

-37.3%

2FT

10.7%

DE Trade Distributors

6.3%

DE Market

Return vs Industry: 2FT underperformed the German Trade Distributors industry which returned 10.7% over the past year.

Return vs Market: 2FT underperformed the German Market which returned 6.3% over the past year.


Shareholder returns

2FTIndustryMarket
7 Day0%4.2%7.9%
30 Day0%10.0%12.8%
90 Day-39.3%24.3%15.6%
1 Year-30.5%-37.3%13.2%10.7%8.1%6.3%
3 Year-23.6%-41.1%-4.0%-9.0%1.0%-6.7%
5 Year-18.9%-48.9%2.0%-7.3%13.9%-0.8%

Price Volatility Vs. Market

How volatile is Fortress Transportation and Infrastructure Investors's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Fortress Transportation and Infrastructure Investors undervalued compared to its fair value and its price relative to the market?

35.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2FT (€8.3) is trading below our estimate of fair value (€12.77)

Significantly Below Fair Value: 2FT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 2FT is good value based on its PE Ratio (8x) compared to the Trade Distributors industry average (16x).

PE vs Market: 2FT is good value based on its PE Ratio (8x) compared to the German market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: 2FT is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: 2FT is good value based on its PB Ratio (0.9x) compared to the DE Trade Distributors industry average (1x).


Next Steps

Future Growth

How is Fortress Transportation and Infrastructure Investors forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

52.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2FT's forecast earnings growth (52.2% per year) is above the savings rate (0.2%).

Earnings vs Market: 2FT's earnings (52.2% per year) are forecast to grow faster than the German market (23.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 2FT's revenue (28.3% per year) is forecast to grow faster than the German market (5.8% per year).

High Growth Revenue: 2FT's revenue (28.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 2FT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Fortress Transportation and Infrastructure Investors performed over the past 5 years?

73.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2FT has a high level of non-cash earnings.

Growing Profit Margin: 2FT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 2FT's earnings have grown significantly by 73.4% per year over the past 5 years.

Accelerating Growth: 2FT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 2FT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Trade Distributors industry (3.4%).


Return on Equity

High ROE: 2FT's Return on Equity (10.7%) is considered low.


Next Steps

Financial Health

How is Fortress Transportation and Infrastructure Investors's financial position?


Financial Position Analysis

Short Term Liabilities: 2FT's short term assets ($245.0M) do not cover its short term liabilities ($327.3M).

Long Term Liabilities: 2FT's short term assets ($245.0M) do not cover its long term liabilities ($1.5B).


Debt to Equity History and Analysis

Debt Level: 2FT's debt to equity ratio (110.2%) is considered high.

Reducing Debt: 2FT's debt to equity ratio has increased from 75.5% to 110.2% over the past 5 years.

Debt Coverage: 2FT's debt is not well covered by operating cash flow (8.2%).

Interest Coverage: 2FT's interest payments on its debt are not well covered by EBIT (0.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Fortress Transportation and Infrastructure Investors's current dividend yield, its reliability and sustainability?

9.36%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2FT's dividend (9.36%) is higher than the bottom 25% of dividend payers in the German market (1.28%).

High Dividend: 2FT's dividend (9.36%) is in the top 25% of dividend payers in the German market (3.75%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 2FT has been paying a dividend for less than 10 years.

Growing Dividend: 2FT has only been paying a dividend for 5 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (74.5%), 2FT's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average management tenure


CEO

Joe Adams (61yo)

5.08yrs

Tenure

Mr. Joseph P. Adams, Jr., also known as Joe, has been the Chief Executive Officer and Chairman of Fortress Transportation and Infrastructure Investors LLC since May 2015 and May 2016 respectively and has b ...


Leadership Team

NamePositionTenureCompensationOwnership
Joseph Adams
Chairman & CEO5.08yrsno data0.21% $2.2m
Scott Christopher
Chief Financial Officer4.08yrsUS$908.80k0.012% $128.3k
Eun Nam
Chief Accounting Officer2.42yrsno datano data
Alan Andreini
Investor Relationsno datano datano data
Kevin Krieger
Secretaryno datano datano data

4.1yrs

Average Tenure

53.5yo

Average Age

Experienced Management: 2FT's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Joseph Adams
Chairman & CEO5.08yrsno data0.21% $2.2m
Judith Hannaway
Independent Director2.42yrsUS$150.00kno data
Paul Goodwin
Independent Director5.08yrsUS$160.00k0.11% $1.1m
Martin Tuchman
Independent Director5.08yrsUS$150.00k0.61% $6.5m
Ray Robinson
Independent Director5.08yrsUS$150.00k0.033% $353.1k
A. Levison
Independent Director2.42yrsUS$150.00kno data
Kenneth Nicholson
Director4.08yrsno data0.067% $709.7k

4.1yrs

Average Tenure

67yo

Average Age

Experienced Board: 2FT's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 2FT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Fortress Transportation and Infrastructure Investors LLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fortress Transportation and Infrastructure Investors LLC
  • Ticker: 2FT
  • Exchange: DB
  • Founded: 2011
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: US$1.200b
  • Listing Market Cap: US$1.060b
  • Shares outstanding: 85.11m
  • Website: https://www.ftandi.com

Location

  • Fortress Transportation and Infrastructure Investors LLC
  • 1345 Avenue of the Americas
  • 45th Floor
  • New York
  • New York
  • 10105
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FTAINYSE (New York Stock Exchange)YesCommon SharesUSUSDMay 2015
2FTDB (Deutsche Boerse AG)YesCommon SharesDEEURMay 2015
FTAI.PRANYSE (New York Stock Exchange)8.25 CUM PFD AUSUSDSep 2019
FTAI.PRBNYSE (New York Stock Exchange)8.00% PFD SER BUSUSDNov 2019

Biography

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, 2019, this segment owned and managed 238, including 74 aircraft and 164 commercial engines. The Jefferson Terminal segment develops a multi-modal crude oil and refined products handling terminal at the Port of Beaumont, Texas; and owns other assets involved in 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, and shipping lines. Fortress Transportation and Infrastructure Investors LLC is externally managed by FIG LLC, an affiliate of Fortress Investment Group LLC. The company was founded in 2011 and is headquartered in New York, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/07 04:49
End of Day Share Price2020/04/14 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.