Fairfax India new issue

[hobbit]

Since 2024 will be the first year when T2 has been operational for the entire year ,do we have any insight into how much revenue and EBITDA Bangalore airport will do this year?

 

2023 - 194M EBITDA , 305M revenue, 37M passengers 

 

going by the projections here --

 

https://www.indiaratings.co.in/pressrelease/72989

 

https://aviationa2z.com/index.php/2024/12/24/indian-aviation-boom-airlines-airports-growth/

 

2024 ( projection ) -  240M + in EBITDA, 380M+, 43M +

 

if this actually turns out to be accurate then it would value the airport at 6B + which would imply a book value of $42+ for Fairfax India

 

when Sydney airport was acquired it had zero growth and still the multiple paid was 20x EBITDA for the equity and 27x for the enterprise value. The debt to equity ratio is comparable for both airports with staggering growth ahead for Bangalore airport. 

Edited 18 hours ago by hobbit