Financials FORS TRAN Nasdaq

Equities

FTAI

US34960P1012

Corporate Financial Services

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
70.75 USD -3.41% Intraday chart for FORS TRAN +3.22% +303.82%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,659 2,009 2,868 1,701 4,651 7,092 - -
Enterprise Value (EV) 1 2,853 2,009 2,868 3,844 7,078 9,341 9,500 9,589
P/E ratio 7.54 x -19.2 x -20.2 x -7.71 x 22 x 31.8 x 22.9 x 17.5 x
Yield 6.76% 5.63% 4.56% 7.36% 2.59% 1.7% 1.7% 1.7%
Capitalization / Revenue 2.87 x 5.48 x 6.29 x 2.4 x 3.97 x 4.94 x 4.53 x 4.02 x
EV / Revenue 4.93 x 5.48 x 6.29 x 5.43 x 6.04 x 6.51 x 6.07 x 5.44 x
EV / EBITDA 5.67 x 8.26 x 8.53 x 8.98 x 11.8 x 12.7 x 11.8 x 10.5 x
EV / FCF -3.81 x -9.96 x -3.75 x -23.3 x -47.5 x 75.7 x 37.8 x 28.1 x
FCF Yield -26.2% -10% -26.7% -4.29% -2.11% 1.32% 2.64% 3.56%
Price to Book 1.27 x 1.87 x 2.55 x 90.4 x 26.5 x 24.7 x 12.6 x 8.12 x
Nbr of stocks (in thousands) 84,903 85,617 99,180 99,379 100,238 100,246 - -
Reference price 2 19.54 23.46 28.92 17.12 46.40 70.75 70.75 70.75
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 578.8 366.5 455.8 708.4 1,171 1,436 1,565 1,764
EBITDA 1 503.4 243.3 336.3 428.1 597.3 737 804.7 909.7
EBIT 1 65.22 47.91 25.91 143.9 339.7 395.5 506.8 612.5
Operating Margin 11.27% 13.07% 5.68% 20.31% 29.01% 27.55% 32.38% 34.72%
Earnings before Tax (EBT) 1 152.1 -110.9 -131.8 -105.3 184 298 379.1 484.7
Net income 1 223.3 -105 -129 -220.4 212 226.4 309 387.5
Net margin 38.58% -28.66% -28.3% -31.11% 18.11% 15.77% 19.74% 21.96%
EPS 2 2.590 -1.220 -1.430 -2.220 2.110 2.225 3.087 4.046
Free Cash Flow 1 -748.7 -201.7 -765.7 -164.9 -149.1 123.4 251.2 341.8
FCF margin -129.36% -55.04% -167.98% -23.27% -12.73% 8.59% 16.05% 19.37%
FCF Conversion (EBITDA) - - - - - 16.74% 31.22% 37.57%
FCF Conversion (Net income) - - - - - 54.49% 81.31% 88.22%
Dividend per Share 2 1.320 1.320 1.320 1.260 1.200 1.200 1.201 1.201
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 145.8 137.8 177.9 230.4 274.3 292.7 274.3 291.1 312.7 326.7 355.2 372.3 381.8 372.6 386.6
EBITDA 1 124.8 51.56 165.3 108.9 123.5 127.7 153.1 154.2 162.3 164.1 184.9 194.7 193.3 186.5 194.3
EBIT 1 7.58 -45.26 32.3 65.96 73.75 73.26 95.08 84.69 87.86 93.9 96.58 105.7 110.9 106.2 112
Operating Margin 5.2% -32.83% 18.15% 28.63% 26.89% 25.03% 34.66% 29.09% 28.09% 28.74% 27.19% 28.4% 29.05% 28.49% 28.97%
Earnings before Tax (EBT) 1 -18.87 -226.2 13.17 0.042 24.74 31.42 56.61 45.01 50.97 45.19 73.54 90.5 92.64 80.8 90.48
Net income 1 -19.05 -229 11.45 -22.85 20.01 22.61 46.42 32.97 110 31.29 57.39 68.39 74.38 67.05 74.46
Net margin -13.07% -166.12% 6.43% -9.92% 7.3% 7.72% 16.92% 11.33% 35.18% 9.58% 16.16% 18.37% 19.48% 17.99% 19.26%
EPS 2 -0.1900 -2.300 0.1100 -0.2300 0.2000 0.2200 0.4600 0.3300 1.090 0.3100 0.5686 0.7245 0.7198 0.6920 0.7640
Dividend per Share 2 0.3300 0.3300 0.3300 0.3000 0.3000 0.3000 0.3000 0.3000 0.3000 - 0.3000 0.3000 0.3000 0.3000 0.3000
Announcement Date 2/24/22 4/28/22 7/27/22 10/27/22 2/23/23 4/26/23 7/26/23 10/25/23 2/22/24 4/25/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,194 - - 2,142 2,427 2,249 2,407 2,497
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.373 x - - 5.004 x 4.063 x 3.051 x 2.992 x 2.745 x
Free Cash Flow 1 -749 -202 -766 -165 -149 123 251 342
ROE (net income / shareholders' equity) 19.4% -8.83% -9.47% -38.6% 251% 122% 73.5% 59.8%
ROA (Net income/ Total Assets) - - - -6.04% 9.04% 11.1% - -
Assets 1 - - - 3,647 2,345 2,032 - -
Book Value Per Share 2 15.30 12.60 11.30 0.1900 1.750 2.860 5.620 8.710
Cash Flow per Share 2 1.760 0.7300 -0.2500 -0.2100 1.280 2.390 2.240 2.150
Capex 1 900 265 784 144 756 4.5 8 8
Capex / Sales 155.46% 72.26% 172.1% 20.35% 64.56% 0.31% 0.51% 0.45%
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
70.75 USD
Average target price
78.27 USD
Spread / Average Target
+10.63%
Consensus