Fortress Transportation and Preferred Series B
FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers. As of December 31, 2023, this segment owned and ma… Read more
Fortress Transportation and Preferred Series B (FTAIO) - Net Assets
Latest net assets as of December 2024: $81.37 Million USD
Based on the latest financial reports, Fortress Transportation and Preferred Series B (FTAIO) has net assets worth $81.37 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.04 Billion) and total liabilities ($3.96 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $81.37 Million |
| % of Total Assets | 2.02% |
| Annual Growth Rate | -2.63% |
| 5-Year Change | -92.6% |
| 10-Year Change | -93.7% |
| Growth Volatility | 232.99 |
Fortress Transportation and Preferred Series B - Net Assets Trend (2012–2024)
This chart illustrates how Fortress Transportation and Preferred Series B's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fortress Transportation and Preferred Series B (2012–2024)
The table below shows the annual net assets of Fortress Transportation and Preferred Series B from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $81.37 Million | -53.74% |
| 2023-12-31 | $175.88 Million | +806.52% |
| 2022-12-31 | $19.40 Million | -98.27% |
| 2021-12-31 | $1.12 Billion | +2.25% |
| 2020-12-31 | $1.10 Billion | -17.89% |
| 2019-12-31 | $1.34 Billion | +27.05% |
| 2018-12-31 | $1.05 Billion | +1.81% |
| 2017-12-31 | $1.04 Billion | -11.20% |
| 2016-12-31 | $1.17 Billion | -9.69% |
| 2015-12-31 | $1.29 Billion | +80.90% |
| 2014-12-31 | $713.50 Million | +264.24% |
| 2013-12-31 | $195.88 Million | +74.87% |
| 2012-12-31 | $112.02 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fortress Transportation and Preferred Series B's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 7310300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.03 Million | 1.26% |
| Other Components | $153.44 Million | 188.58% |
| Total Equity | $81.37 Million | 100.00% |
Fortress Transportation and Preferred Series B Competitors by Market Cap
The table below lists competitors of Fortress Transportation and Preferred Series B ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Metaplanet Inc.
PINK:MTPLF
|
$2.58 Billion |
|
Sichuan Biokin Pharmaceutical Co. Ltd. A
SHG:688506
|
$2.58 Billion |
|
Dr. Ing. h.c. F. Porsche AG
PINK:DRPRF
|
$2.58 Billion |
|
Ansell Limited
PINK:ANSLF
|
$2.58 Billion |
|
Shift4 Payments Inc 6% PRF CONVERT 01/05/2028 USD 100 - Ser A
NYSE:FOUR-PA
|
$2.57 Billion |
|
Curbline Properties Corp.
NYSE:CURB
|
$2.57 Billion |
|
Provident Financial Services Inc
NYSE:PFS
|
$2.57 Billion |
|
ASR Microelectronics Co. Ltd. A
SHG:688220
|
$2.57 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fortress Transportation and Preferred Series B's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 175,349,000 to 81,368,000, a change of -93,981,000 (-53.6%).
- Net income of 8,682,000 contributed positively to equity growth.
- Dividend payments of 154,340,000 reduced retained earnings.
- Share repurchases of 105,353,000 reduced equity.
- Other comprehensive income increased equity by 1,002,000.
- Other factors increased equity by 156,028,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.68 Million | +10.67% |
| Dividends Paid | $154.34 Million | -189.68% |
| Share Repurchases | $105.35 Million | -129.48% |
| Other Comprehensive Income | $1.00 Million | +1.23% |
| Other Changes | $156.03 Million | +191.76% |
| Total Change | $- | -53.60% |
Book Value vs Market Value Analysis
This analysis compares Fortress Transportation and Preferred Series B's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 31.77x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 12.16x to 31.77x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $2.09 | $25.46 | x |
| 2013-12-31 | $3.60 | $25.46 | x |
| 2014-12-31 | $11.48 | $25.46 | x |
| 2015-12-31 | $17.40 | $25.46 | x |
| 2016-12-31 | $13.91 | $25.46 | x |
| 2017-12-31 | $12.50 | $25.46 | x |
| 2018-12-31 | $11.92 | $25.46 | x |
| 2019-12-31 | $15.13 | $25.46 | x |
| 2020-12-31 | $12.52 | $25.46 | x |
| 2021-12-31 | $12.50 | $25.46 | x |
| 2022-12-31 | $0.19 | $25.46 | x |
| 2023-12-31 | $1.75 | $25.46 | x |
| 2024-12-31 | $0.80 | $25.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fortress Transportation and Preferred Series B utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.67%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.50%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 49.63x
- Recent ROE (10.67%) is above the historical average (-33.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 1.96% | 62.88% | 0.02x | 1.52x | $-9.01 Million |
| 2013 | 12.90% | 126.94% | 0.07x | 1.45x | $5.58 Million |
| 2014 | 1.27% | 13.43% | 0.04x | 2.29x | $-53.66 Million |
| 2015 | -1.01% | -8.66% | 0.08x | 1.41x | $-128.45 Million |
| 2016 | -1.90% | -13.49% | 0.10x | 1.47x | $-125.45 Million |
| 2017 | 0.01% | 0.06% | 0.11x | 2.07x | $-94.57 Million |
| 2018 | 0.59% | 1.55% | 0.14x | 2.65x | $-93.86 Million |
| 2019 | 10.32% | 23.21% | 0.18x | 2.49x | $4.13 Million |
| 2020 | -9.75% | -28.66% | 0.11x | 3.15x | $-212.69 Million |
| 2021 | -11.63% | -28.68% | 0.09x | 4.33x | $-243.14 Million |
| 2022 | -585.93% | -15.61% | 0.29x | 128.70x | $-112.50 Million |
| 2023 | 139.05% | 20.82% | 0.39x | 16.91x | $226.28 Million |
| 2024 | 10.67% | 0.50% | 0.43x | 49.63x | $545.20K |
Industry Comparison
This section compares Fortress Transportation and Preferred Series B's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $1,407,402,768
- Average return on equity (ROE) among peers: -22.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fortress Transportation and Preferred Series B (FTAIO) | $81.37 Million | 1.96% | 48.63x | $2.58 Billion |
| AerCap Holdings NV (AER) | $95.64 Million | -290.23% | 46.07x | $21.49 Billion |
| Senmiao Technology Ltd (AIHS) | $12.57 Million | -4.27% | 0.58x | $6.15 Million |
| Artificial Intelligence Technology Solutions Inc (AITX) | $-746.83K | 0.00% | 0.00x | $12.64 Million |
| Air Lease Corporation (AL) | $7.16 Billion | 8.58% | 3.25x | $6.80 Billion |
| ALD S.A (ALLDF) | $2.76 Billion | 15.36% | 4.69x | $6.73 Billion |
| Alta Equipment Group Inc (ALTG) | $-8.62K | 0.00% | 0.00x | $101.18 Million |
| TOUAX (ALTOU) | $129.11 Million | -2.48% | 2.40x | $21.06 Million |
| Autohellas S.A (AOHLF) | $195.75 Million | 11.59% | 1.92x | $66.70 Million |
| Ashtead Group plc (ASHTF) | $3.28 Billion | 20.18% | 1.84x | $20.11 Billion |
| Ashtead Gro (ASHTY) | $442.03 Million | 17.62% | 2.79x | $30.08 Billion |