FTAI Aviation Valuation

Q: What is the Fair Price of FTAI.N when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

FTAI.N ($26.09) is trading below our estimate of [[fair value]] ($29.07)

Is FTAI.N undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FTAI.N when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FTAI.N ($26.09) is trading below our estimate of fair value ($29.07)

Significantly Below Fair Value: FTAI.N is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FTAI.N?

Key metric: As FTAI.N is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for FTAI.N. This is calculated by dividing FTAI.N's market cap by their current revenue.
What is FTAI.N's PS Ratio?
PS Ratio	10.9x
Sales	US$1.55b
Market Cap	US$17.63b

FTAI.N key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	13.4x
Enterprise Value/EBITDA	49.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does FTAI.N's PS Ratio compare to its peers?

The above table shows the PS ratio for FTAI.N vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	2.2x
AER AerCap Holdings	2.3x	1.9%	US$18.5b
WSO Watsco	2.8x	6.5%	US$20.6b
AIT Applied Industrial Technologies	2.3x	4.4%	US$10.8b
CNM Core & Main	1.3x	6.2%	US$9.5b
FTAI.N FTAI Aviation	10.9x	18.9%	US$17.6b

Price-To-Sales vs Peers: FTAI.N is expensive based on its Price-To-Sales Ratio (10.9x) compared to the peer average (2.2x).

Price to Sales Ratio vs Industry

How does FTAI.N's PS Ratio compare vs other companies in the US Trade Distributors Industry?

6 Companies	Price / Sales	Estimated Growth	Market Cap
TITN Titan Machinery	0.1x	-2.1%	US$366.26m
ALTG Alta Equipment Group	0.1x	2.5%	US$267.71m
BYU BAIYU Holdings	0.07x	n/a	US$8.94m
MWG Multi Ways Holdings	0.2x	n/a	US$8.36m

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: FTAI.N is expensive based on its Price-To-Sales Ratio (10.9x) compared to the US Trade Distributors industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is FTAI.N's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FTAI.N PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	10.9x
Fair PS Ratio	5.6x

Price-To-Sales vs Fair Ratio: FTAI.N is expensive based on its Price-To-Sales Ratio (10.9x) compared to the estimated Fair Price-To-Sales Ratio (5.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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