FTAI Infrastructure Incorporation (FIP) AI Stock Analysis

• Market Cap: $434.95M
• Dividend Yield: 3.45%
• Average Volume (3M): 1.46M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.42
• Revenue Growth: 3.44%
• EPS Growth: -52.51%
• Country: US
• Employees: 670
• Sector: Industrials
• Sector Strength: 66
• Industry: Conglomerates
• EPS (TTM): -2.72
• Shares Outstanding: 114,761,440
• 10 Day Avg. Volume: 1,839,894
• 30 Day Avg. Volume: 1,462,632
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 1.82
• Price to Cash Flow (P/CF): -18.70
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $12.50
• Price Target Upside: 218.88% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

FTAI Infrastructure's overall score reflects its mixed financial performance, with revenue growth overshadowed by profitability and cash flow concerns. The technical analysis indicates weak momentum. However, the positive earnings call, with strategic initiatives and EBITDA growth, provides optimism for future performance, balancing some of the current financial and valuation challenges.

Positive Factors

Equity Value

Transtar's potential valuation suggests a substantial increase in FIP's equity value, given the asset's debt-free status and projected earnings.

Growth Potential

Management has visibility into significant growth potential with an annual adjusted EBITDA target of $220M, driven by a strong pipeline of new business opportunities.

Revenue and EBITDA

Solid 3Q24 results with increased revenue and EBITDA highlight steady performance across key assets at FTAI Infrastructure.

Negative Factors

Asset Maturity

Several underlying assets are expected to become more mature, which might slow down the pace of new growth initiatives.

Operational Challenges

The quarter included record revenue and throughput volumes, but roughly two-thirds of quarterly volume coming from refined products and the balance from crude oil could pose challenges.

Strategic Focus

Management highlighted that it is increasing focus on the strategic front, which indicates potential challenges in maintaining current operational momentum.

FTAI Infrastructure Incorporation Business Overview & Revenue Model

Company Description

FTAI Infrastructure Incorporation (FIP) is a company operating within the infrastructure sector, focusing on the development, acquisition, and management of transportation and energy-related assets. The company aims to enhance and optimize infrastructure investments to provide sustainable and efficient services. FIP primarily engages in the sectors of aviation, rail, and energy, offering a diverse portfolio of infrastructure solutions designed to meet the evolving demands of modern industries.

How the Company Makes Money

FTAI Infrastructure Incorporation generates revenue through a multi-faceted business model that includes leasing and managing transportation and energy infrastructure assets. The company earns income by leasing aviation equipment, such as aircraft and engines, to airlines and other operators. Additionally, FIP invests in rail infrastructure, providing critical transportation links and charging fees for usage. In the energy sector, the company is involved in the development and management of energy-related infrastructure, generating revenue by supplying energy and related services. Strategic partnerships and joint ventures with key industry players further enhance FIP's revenue streams, allowing for shared investments and the optimization of infrastructure assets.

FTAI Infrastructure Incorporation Financial Statement Overview

Summary

FTAI Infrastructure's financial health is mixed. While revenue growth is promising, persistent net losses and a precarious balance sheet with negative equity indicate financial instability. Cash flow management issues further complicate the financial outlook.

Income Statement

FTAI Infrastructure has shown a consistent increase in revenue over the years, with a recent 3.44% growth from 2023 to 2024. However, the company has struggled with profitability, reflected in negative net profit margins and EBIT margins. The TTM data indicates a further decline in EBITDA, suggesting operational inefficiencies. Overall, while revenue growth is positive, persistent net losses are a concern.

Balance Sheet

The company's balance sheet reveals a precarious financial position with negative stockholders' equity as of 2024, indicating insolvency risk. The debt-to-equity ratio is not calculable due to negative equity, but the absence of total debt in 2024 is a positive note. The equity ratio is also negative, highlighting significant liabilities compared to assets. These factors suggest financial instability.

Cash Flow

FTAI Infrastructure's cash flow statement shows negative operating and free cash flows in the recent period, indicating cash outflows that could hinder operational sustainability. While there is an improvement in the free cash flow from 2023 to 2024, the negative free cash flow to net income ratio reflects poor cash generation from operations relative to net losses. These trends signal cash management challenges.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
332.17M	331.50M	320.47M	261.97M	120.22M	68.56M
	Gross Profit
76.49M	331.50M	-26.66M	245.12M	-47.98M	-45.02M
	EBIT
-20.18M	83.82M	-39.49M	-111.36M	-79.14M	-56.55M
	EBITDA
19.38M	-333.84M	23.32M	-59.06M	-39.94M	-31.83M
	Net Income Common Stockholders
-140.94M	-298.14M	-121.34M	-187.52M	-106.34M	-71.72M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
15.71M	1.51M	29.37M	36.49M	49.87M	15.71M
	Total Assets
0.00	936.18M	2.38B	2.48B	2.44B	1.40B
	Total Debt
0.00	0.00	1.41B	1.30B	789.03M	339.38M
	Net Debt
15.71M	-1.51M	1.38B	1.26B	739.16M	323.67M
	Total Liabilities
0.00	1.20B	1.64B	1.69B	980.25M	403.61M
	Stockholders Equity
995.40M	-263.50M	809.52M	816.21M	1.46B	973.05M
Cash Flow		Free Cash Flow
-86.50M	-15.28M	-95.23M	-259.83M	-202.61M	-294.38M
	Operating Cash Flow
-9.89M	-15.28M	5.51M	-42.69M	-61.72M	-46.86M
	Investing Cash Flow
-96.10M	-118.14M	-147.12M	-267.27M	-828.72M	-252.22M
	Financing Cash Flow
172.33M	193.23M	79.45M	157.74M	1.14B	337.63M

FTAI Infrastructure Incorporation Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3.92
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FIP, the sentiment is Neutral. The current price of 3.92 is above the 20-day moving average (MA) of 3.90, below the 50-day MA of 4.89, and below the 200-day MA of 7.64, indicating a neutral trend. The MACD of -0.40 indicates Negative momentum. The RSI at 45.14 is Neutral, neither overbought nor oversold. The STOCH value of 69.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FIP.

FTAI Infrastructure Incorporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$4.14B	11.23	5.47%	215.40%	4.10%	-8.63%
SPLP	55 Neutral	$593.65M	2.78	25.02%	―	6.37%	86.42%
TRC	55 Neutral	$462.40M	172.83	0.57%	―	-6.38%	-17.99%
MATW	49 Neutral	$603.27M	―	-13.19%	5.03%	-7.12%	-284.19%
TUSK	48 Neutral	$130.43M	―	-58.16%	―	-39.28%	-6578.79%
FIP	47 Neutral	$434.95M	―	-32.63%	3.45%	3.44%	-52.51%
NNBR	39 Underperform	$90.76M	―	-20.64%	―	-5.11%	17.87%

FTAI Infrastructure Incorporation Corporate Events

FTAI Infrastructure Announces $400M Financing Package

On April 15, 2025, Delaware River Partners LLC, a subsidiary of FTAI Infrastructure Inc., announced plans to market a $400 million financing package, comprising tax-exempt bonds and a term loan. The funds will support the Phase 2 expansion, debt repayment, reserve accounts, and transaction fees. Repauno aims to achieve annual revenues of up to $130 million and Adjusted EBITDA of up to $100 million post-expansion, though these targets are subject to various uncertainties and assumptions, including throughput and operating expenses.

Spark’s Take on FIP Stock

According to Spark, TipRanks’ AI Analyst, FIP is a Neutral.

FTAI Infrastructure demonstrates potential with strategic growth initiatives and a positive earnings call outlook. However, significant financial challenges persist, including profitability issues, a weak balance sheet, and negative cash flows. The technical analysis suggests bearish momentum, while valuation metrics highlight concerns over sustainability given current financial difficulties.

To see Spark’s full report on FIP stock, click here.

FTAI Infrastructure Completes Full Acquisition of Long Ridge

On February 26, 2025, FTAI Infrastructure Inc. completed the acquisition of the remaining 49.9% interest in Long Ridge Energy & Power LLC, enhancing its stake to full ownership. This strategic move involved a $20 million promissory note, a $9 million cash payment, and the issuance of 160,000 shares of Series B Convertible Junior Preferred Stock to GCM Grosvenor affiliates. The acquisition is expected to strengthen FTAI’s market position and provide new opportunities for growth, impacting its operations and stakeholder interests.

FTAI Infrastructure Completes $1 Billion Refinancing

On February 19, 2025, Long Ridge Energy LLC, a subsidiary of FTAI Infrastructure Inc., completed refinancing transactions totaling approximately $1 billion. This included $400 million in new term loans and a $600 million private offering of senior secured notes. The refinancing aims to improve Long Ridge’s financial structure, targeting annual revenues of $223 million and an adjusted EBITDA of $160 million. The transactions are expected to impact the company’s operations by enabling it to repay existing loans, fund reserve accounts, and enter new electricity sale contracts, potentially strengthening its market position.