Professional
Added to YB: 2025-01-30
Pitch date: 2025-01-29
FTAI [bearish]
FTAI Aviation Ltd.
-82.3%
current return
Author Info
Snowcap Research is an activist investment and advisory firm based in London. We focus on mispriced opportunities in public markets where we seek to drive outsized returns and positive impact via active engagement. Visit their website.
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
$97.05
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
N/A
Snowcap Research is Short On: FTAI Aviation (Nasdaq:FTAI)
FTAI short: Aerospace segment profits likely inflated via inventory accounting, Covid gains repackaged as recurring EBITDA. Business model misrepresented - not truly performing 3rd party module swaps. TAM overstated 8x. Cash flow much lower than reported EBITDA suggests. Insiders exited via $300M buyout.
Read full article (16 min)