Professional
Added to YB: 2025-01-16
Pitch date: 2025-01-15
FTAI [bearish]
FTAI Aviation Ltd.
-35.88%
current return
Author Info
Muddy Waters Research is a short seller that peels back the layers, often built up by seemingly respected but sycophantic law firms, auditors, and venal managements. Sign up for the newsletter.
Company Info
FTAI Aviation Ltd. owns, acquires, and sells aviation equipment for the transportation of goods and people worldwide.
Market Cap
$18.7B
Pitch Price
$125.62
Price Target
N/A
Dividend
0.77%
EV/EBITDA
22.86
P/E
41.73
EV/Sales
9.23
Sector
Trading Companies and Distributors
Category
special_situation
MW is Short FTAI Aviation Ltd. (FTAI US)
FTAI short: Muddy Waters alleges misleading financial reporting, inflated MRO revenue via whole engine sales counted as modules, channel stuffing, and unsustainable margins boosted by leasing depreciation. Claims ~80% of Aerospace Products EBITDA is gain on sale. Sees fundamental headwinds and capital intensity in engine management programs.
Read full article (27 min)