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Technology Stocks : FLYHT Aerospace Solutions Ltd.

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To: zzpat who wrote (83)10/27/2017 1:45:01 PM
From: E_K_S   of 107
 
Look at their 2017 Investor Fact Sheet. They are now profitable


$4.43mln from voice & data services (31% of Revenues see chart) subscription revenues and growing.


Now w/ reverse stock split only 21mln shares out (as of 7/2017).


Some of the key metrics from 2016


EBITDA/share 11.9x


Not burning cash any longer


Subscription Revenues per share is $0.21/share and now growing.


Market cap now around $41.3mln and 80 subscribers (may include several planes/fleet) that equates to $517K cost per subscriber


Those 80 subscribers generate currently $4.43mln in annual subscription revenues.


$4.43mln x 10 year subscription (maybe better to use life of aircraft) = $44.3mln 10 year revenue stream


Therefore if a company (ie Lockheed, Boeing and/or Honeywell) wanted to just buy that subscriber revenue stream it would only cost 11.6x ($44.3mln/$517K) and the subscriber base is growing and generating a profit.


From a value side investor, even at a 30% premium they would only pay 15x the 10 subscriber revenue stream. Still a bargain IMO.


Let's see what the full 2017 year brings.


EKS
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