$FTAI Aviation (FTAI.US)$The increase in operating profit ov...
$FTAI Aviation (FTAI.US)$The increase in operating profit over the past 5 years seems good, but net profit has continued to be lost in the past three years, mainly due to the continued rise in interest expenses plus large fluctuations in special expenses.
In the first two quarters of 2023, revenue increased 1.8 times, operating profit surged to 170 million, 2.2 times interest expenses, and net profit reached 84 million.
Currently, the price-earnings ratio TTM has dropped to 56.7. Even if the annual net profit reaches 200 million, the price-earnings ratio has reached 18.7. Valuation is not attractive for cyclical stocks that have been losing money for a long time.
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