| Intrinsic Valuation of: FTAI | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 0 | Market Cap | $12B | |||||
| 2021 | - | - (-) | P/E Ratio | 474 | Total Asset | $4B | |||||
| 2022 | $-776M | - (-) | Net Income | $9M | Total Debt | $3B | |||||
| 2023 | $-834M | -7.5% (49.1%) | EBITDA | $498M | Total Liab | $4B | |||||
| 2024 | $-648M | 22.3% (53.0%) | Opr Margin | 0.15 | Debt/Equity | 42.28 | |||||
| 2025 | $-1B | -107.5% (-40.1%) | PreTax Margin | 1.77 | BV/Share | -0 | |||||
| 5Y Average FCF | $-901M | -30.9% (20.7%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (4.0%) | ||||||||||
| 2026 | $-937M | MBG Intrinsic Value | $2 | ||||||||
| 2027 | $-974M | ||||||||||
| 2028 | $-1B | ||||||||||
| 2029 | $-1B | ||||||||||
| 2030 | $-1B | ||||||||||
| 2031 | $-1B | ||||||||||
| Terminal Value | $-24B | Net Worth/Share | $1 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $-20B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $115M | $-230 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $3B | WACC | 7.3% | -206 | -219 | -234 | -253 | -276 | |||
| Equity Value | $-24B | 7.4% | -205 | -217 | -232 | -250 | -273 | ||||
| Shares Outstanding | 102,556,000 | 7.4% | -203 | -215 | -230 | -248 | -270 | ||||
| 7.9% | -190 | -200 | -212 | -226 | -243 | ||||||
| DCF Intrinsic Value | $-230 | 8.4% | -178 | -187 | -196 | -208 | -222 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||