Ftai Aviation Ltd. (FTAIM) intrinsic value & 10-year financials
Ftai Aviation Ltd. (FTAIM) has a Graham intrinsic value of $152.79 per share. Over the last 10 fiscal years revenue grew 36.9% a year to $2.5B, with an average return on invested capital of 1.9%.
- Graham intrinsic value
- $152.79
- Revenue (FY2025)
- $2.5B
- Revenue growth (10-yr CAGR)
- 36.9%
- ROIC (10-yr avg)
- 1.9%
- Free cash flow (FY2025)
- -$338.5M
FTAIM 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.5B | $501.1M | $4.60 | -$338.5M | — | 14.5% |
| FY2024 | $1.7B | $8.7M | -$0.32 | -$197.2M | — | 0.3% |
| FY2023 | $1.2B | $243.8M | $2.11 | $122.8M | — | 10.2% |
| FY2022 | $708.4M | -$212.0M | — | -$164.9M | — | -6.6% |
| FY2021 | $455.8M | -$130.7M | — | -$179.4M | — | -3.6% |
| FY2020 | $366.5M | -$105.0M | — | -$201.7M | — | -3.7% |
| FY2019 | $578.8M | $223.3M | — | -$180.1M | — | 9.0% |
| FY2018 | $379.9M | $5.9M | $0.07 | -$96.3M | — | 0.2% |
| FY2017 | $217.7M | $134.0K | $0.00 | -$47.5M | — | 0.0% |
| FY2016 | $148.7M | -$20.1M | -$0.26 | -$26.5M | — | -1.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
FTAI Aviation Ltd. is a consistent compounder, expanding top-line revenue at 36.9% annually over the past decade.
FTAI Aviation Ltd. has historically struggled to out-earn its cost of capital, averaging just 1.9% ROIC.
Over the decade, FTAI Aviation Ltd. shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, FTAI Aviation Ltd. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $152.79 per share.