加载中...

FTAI Aviation Ltd. (FTAI) 财务分析 | 估值·财报 | 100Baggers.club

FTAI Aviation Ltd.

FTAI

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers. As of December 31, 2023, this segment owned and managed 363 aviation assets consisting of 96 commercial aircraft and 267 engines, including eight aircraft and seventeen engines that were located in Russia. The Aerospace Products segment develops, manufactures, repairs, and sells aircraft engines and aftermarket components for aircraft engines. The company was founded in 2011 and is headquartered in New York, New York.

深度研究阅读完整报告

FTAI Aviation(FTAI)股票深度分析 — 窗口捕获机，而不是永续复利平台

市场把 FTAI 当成航空后市场的永续复利平台，但更稳的框架是：它本质上更像一台受 CFM56 生命周期约束的窗口捕获机，这会把估值语言从永续倍数切回有限寿命 DCF 与 SOTP。

加载图表中...

加载图表中...

利润瀑布图分析

加载图表中...

加载图表中...

加载图表中...

加载图表中...

现金流瀑布图

加载图表中...

流入

流出

小计

起止点

加载图表中...

📊 估值

关键估值指标

EV/EBITDA (TTM)

i

Enterprise Value, EBITDA and Ratio

EV/EBIT (TTM)

i

Enterprise Value, EBIT and Ratio

EV/Sales (TTM)

i

Enterprise Value, Revenue and Ratio

P/E Ratio (TTM)

i

Market Cap, Net Income and Ratio

P/B Ratio (Quarterly)

i

Market Cap, Book Value and Ratio

FCF Yield (TTM)

i

FCF, Enterprise Value and Yield

PR Profit Ratio (PPM)

i

PE Ratio, ROE and Profit Ratio (PR = PE / ROE)

📈 成长

营收、盈利和每股成长指标

Revenue (Quarterly)

i

Quarterly Revenue

Revenue/Share (Quarterly)

i

Revenue Per Share

Net Income (Quarterly)

i

Quarterly Net Income

EPS (Quarterly)

i

Earnings Per Share

Gross Profit/Share (Quarterly)

i

Gross Profit Per Share

OCF/Share (Quarterly)

i

Operating Cash Flow Per Share

FCF/Share (Quarterly)

i

Free Cash Flow Per Share

Operating Leverage (YoY)

i

Change in Operating Income / Change in Revenue

💰 盈利

利润率和净资产收益率

Gross Margin (TTM)

i

Revenue, Gross Profit and Gross Margin

Operating Margin (TTM)

i

Revenue, Operating Income and Operating Margin

Net Profit Margin (TTM)

i

Revenue, Net Income and Net Profit Margin

ROE (TTM)

i

Equity, Net Income and Return on Equity

ROA (TTM)

i

Assets, Net Income and Return on Assets

ROTCE - Return on Tangible Common Equity (TTM)

i

Net Income, Tangible Common Equity and ROTCE

OCF Margin (TTM)

i

Revenue, Operating Cash Flow and OCF Margin

FCF Margin (TTM)

i

Revenue, Free Cash Flow and FCF Margin

💵 现金质量

现金流质量和转换指标

OCF/NI Ratio (TTM)

i

Operating Cash Flow, Net Income and Ratio

FCF/NI Ratio (TTM)

i

Free Cash Flow, Net Income and Ratio

OCF/Capex (TTM)

i

Operating Cash Flow, Capex and Coverage Ratio

OCF/SBC (TTM)

i

Operating Cash Flow, SBC and Coverage Ratio

🛡️ 财务韧性

债务、流动性和财务健康度

Debt/Equity (quarterly)

i

Total Debt, Total Equity and Debt/Equity Ratio

EBITDA/Net Debt (TTM)

i

EBITDA, Net Debt and Coverage Ratio

Interest Coverage (TTM)

i

EBIT, Interest Expense and Coverage Ratio

Current Ratio (quarterly)

i

Current Assets, Current Liabilities and Current Ratio

Quick Ratio (quarterly)

i

Quick Assets, Current Liabilities and Quick Ratio

Altman Z-Score

i

Financial Distress Prediction Model

⚙️ 运营与资本效率

资产利用率、营运资本、ROIC和资本效率

ROIC (TTM)

i

NOPAT, Invested Capital and Return on Invested Capital

ROCE - Return on Capital Employed (TTM)

i

EBIT, Capital Employed and Return on Capital Employed

Asset Turnover (TTM)

i

Revenue, Total Assets and Turnover Ratio

CapEx/Depreciation - Investment Intensity (TTM)

i

CapEx, Depreciation and Ratio (>1=Expansion, <1=Contraction)

R&D/Gross Profit - R&D Intensity (TTM)

i

R&D Expenses, Gross Profit and Ratio

SG&A/Revenue - SG&A Efficiency (TTM)

i

SG&A Expenses, Revenue and Ratio

Cash Conversion Cycle (TTM)

i

DSO + DIO - DPO (in days)

DSO - Days Sales Outstanding (TTM)

i

Average Receivables and Days Sales Outstanding

DIO - Days Inventory Outstanding (TTM)

i

Average Inventory and Days Inventory Outstanding

DPO - Days Payables Outstanding (TTM)

i

Average Payables and Days Payables Outstanding

Goodwill/Assets (Quarterly)

i

Goodwill as % of Total Assets

🎁 股东回报

股息、股票回购、稀释和内部人交易活动

Dividend Yield (TTM)

i

Dividend Per Share, Share Price and Dividend Yield

Buyback Yield (TTM)

i

Net Buyback and Buyback Yield

Buyback Yield (3 Years)

i

Net Buyback 3Y and Buyback Yield 3Y

Dilution Rate (1 Year)

i

Current Shares, 1Y Ago Shares and Dilution Rate

Dilution Rate (3 Years)

i

Current Shares, 3Y Ago Shares and Dilution Rate

SBC Offset Rate (TTM)

i

Buyback / Stock-Based Comp and SBC Ratio

Insider Activity Rate (TTM)

i

Insider Net Buying and Activity Rate

P

盈利能力指标

Gross Profit Margini毛利率

28.82%

毛利润 = $0.19B

营业收入 = $0.66B

Operating Profit Margini营业利润率

28.50%

营业利润 = $0.19B

营业收入 = $0.66B

EBITDA MarginiEBITDA利润率

37.88%

EBITDA = $0.25B

营业收入 = $0.66B

EBIT MarginiEBIT利润率

29.47%

EBIT = $0.13B

营业收入 = $0.66B

Net Profit Margini净利率

17.46%

净利润 = $0.12B

营业收入 = $0.66B

Pretax Profit Margini税前利润率

20.26%

税前利润 = $0.13B

营业收入 = $0.66B

E

运营效率指标

Interest Coveragei利息保障倍数

3.45x

EBIT (TTM) = $0.85B

利息费用 (TTM) = $0.25B

1.1x

1.4x

3.2x

3.3x

3.5x

SG&A / Revenuei销管费率

0.32%

销售及管理费用 = $0.00B

营业收入 = $0.66B

R&D / Revenuei研发占比

0.00%

研发费用 = $0.00B

营业收入 = $0.66B

R

回报率指标 (TTM)

ROAi总资产回报率

11.62%

净利润 = $0.49B

平均总资产 = $4.21B

ROEi净资产收益率

235.17%

净利润 = $0.49B

平均股东权益 = $0.21B

ROICi投入资本回报率

21.04%

NOPAT (TTM) = $0.69B

平均投入资本 = $3.27B

(NOPAT = 营业利润 × (1 - 有效税率))

(平均投入资本 = (本期IC + 去年同期IC) / 2)

Revenue Growthi营收增长率

32.72%

当期营收 = $0.66B

去年同期营收 = $0.50B

+57.6%

+51.8%

+51.1%

+43.2%

+32.7%

Operating Cash Flow/Sharei每股经营现金流

$-2.99

经营现金流 = $-0.31B

流通股数 = 0.10B

$-1.85

$-2.07

$-1.32

$-1.67

$-2.99

综合分析

利润表项目	同比增长	当季数据	趋势
营业收入	+32.7%	$0.66B	↑
毛利	+2.4%	$0.19B, 28.82%	↑
营业利润	-8.6%	$0.19B, 28.50%	↓
EBITDA	+10.1%	$0.25B, 37.88%	↑
税前利润	+24.1%	$0.13B, 20.26%	↑
净利润	+12.8%	$0.12B, 17.46%	↑
稀释每股收益	+28.6%	1.08	↑

L

流动性指标

Current Ratioi流动比率

5.28

健康

流动资产 = $2.11B

流动负债 = $0.40B

Quick Ratioi速动比率

2.10

健康

速动资产 = $0.92B

流动负债 = $0.40B

Cash Ratioi现金比率

0.75

健康

现金及等价物 = $0.30B

流动负债 = $0.40B

Cash Ratio = (Cash + Short-term Investments) / Current Liabilities

L

杠杆指标

Debt to Equityi债务权益比

10.32

关注

总债务 = $3.45B

总权益 = $0.33B

Liabilities to Assetsi资产负债率 (总负债)

92.4%

关注

总负债 = $4.04B

总资产 = $4.37B

Equity Multiplieri权益乘数

13.09

关注

总资产 = $4.37B

总权益 = $0.33B

E

效率指标

Asset Turnoveri总资产周转率

0.60

正常

营收 (TTM) = $2.51B

平均总资产 = $4.21B

Inventory Turnoveri存货周转率

1.48

关注

营业成本 (TTM) = $1.55B

平均存货 = $1.05B

Receivables Turnoveri应收账款周转率

7.21

正常

营收 (TTM) = $2.51B

平均应收账款 = $0.35B

S

偿债能力

Interest Coveragei利息保障倍数

3.45

正常

EBIT (TTM) = $0.85B

利息费用 (TTM) = $0.25B

Net Debt to EBITDAi净债务/EBITDA

2.89

正常

净债务 = $3.15B

EBITDA (TTM) = $1.09B

Debt Service Coveragei偿债覆盖率

N/A

正常

经营现金流 (TTM) = $-0.31B

债务偿付 = $0.00B

V

价值指标

Goodwill %i商誉占比

2.2%

健康

商誉 = $0.09B

总资产 = $4.37B

Working Capital Ratioi营运资本比率

0.39

健康

营运资本 = $1.71B

总资产 = $4.37B

C

现金流指标

经营现金流 TTMi

$-0.31B

自由现金流 TTMi

$-1.25B

FCF = OCF - CapEx

经营现金流 (TTM) = $-0.31B

资本支出 (TTM) = $-1.21B

自由现金流收益率i

-4.03%

关注

FCF (TTM) = $-1.25B

市值 = $30.98B

经营现金流/销售比i

-12.39%

关注

经营现金流 (TTM) = $-0.31B

营业收入 (TTM) = $2.51B

Q

质量与覆盖指标

收益质量i

-0.64x

关注

经营现金流 (TTM) = $-0.31B

净利润 (TTM) = $0.49B

现金流/债务比i

-0.09x

关注

经营现金流 (TTM) = $-0.31B

总负债 = $3.45B

短期覆盖率i

-0.78x

关注

经营现金流 (TTM) = $-0.31B

流动负债 = $0.40B

资本支出覆盖率i

-0.26x

关注

经营现金流 (TTM) = $-0.31B

资本支出 (TTM) = $1.21B

E

效率指标

⚡ 比率按USD计算，去除汇率影响

自由/经营现金流比i

402.16%

健康

自由现金流 (TTM) = $-1.25B

经营现金流 (TTM) = $-0.31B

资本支出/营收比i

48.28%

关注

资本支出 (TTM) = $1.21B

营业收入 (TTM) = $2.51B

净债务/EBITDAi

2.89

正常

净债务 = $3.15B

EBITDA (TTM) = $1.09B

G

增长指标

经营现金流增长率i

-328.39%

关注

当期OCF (TTM) = $-0.18B

上期OCF = $-0.04B

股东盈余i

$-0.46B

关注

净利润 (TTM) = $0.49B

+ 折旧摊销 (TTM) = $0.26B

- 资本支出 (TTM) = $-1.21B