Added to YB: 2025-07-09
Pitch date: 2025-07-07
SKYH [bullish]
Sky Harbour Group Corporation
-2.83%
current return
Author Info
Cosmic Capital is a former equity analyst at billion dollar long-only funds which outperformed their benchmarks by 4-5% annually who shares research on the world's best companies. Sign up for the newsletter.
Company Info
Sky Harbour Group Corporation operates as an aviation infrastructure development company in the United States.
Market Cap
$324.6M
Pitch Price
$9.89
Price Target
28.83 (+200%)
Dividend
N/A
EV/EBITDA
-78.11
P/E
-24.20
EV/Sales
28.76
Sector
Transportation Infrastructure
Category
growth
$SKYH Investment Thesis
SKYH: Premium hangar provider for private jets seeing 4-5% CAGR in business aviation while airport supply remains capped. Triple-net leases yield 13-15% on cost vs 6-7% cap rates. Tier 1 airports command $73-80/sqft vs $30-45 elsewhere. FCF positive by 2028 at $45.1M. NAV $10.12-$28.83/share vs current price. Key risks: ground lease negotiations, execution, competition.
Read full article (22 min)