TRTN

Triton International Ltd

Industrial/Transportation


Presented:02/02/2022
Price:$62.29
Cap:$4.16B
Current Price:$79.55
Cap:$8.05B

Presented

Date02/02/2022
Price$62.29
Market Cap$4.16B
Ent Value$12.27B
P/E Ratio9.93x
Book Value$33.56
Div Yield3.79%
Shares O/S66.77M
Ave Daily Vol396,538
Short Int2.11%

Current

Price$79.55
Market Cap$8.05B
Triton International Ltd. is a lessor of intermodal freight containers. It operates through the Equipment Leasing and Equipment Trading segments. The Equipment Leasing segment involves in operations, which include the acquisition, leasing, re-leasing, and ultimate sale of types of intermodal transportation equipment, primarily intermodal containers. The Equipment Trading segment focuses on the purchase containers from shipping line customers, and other sellers of containers, and resells containers to container retailers and users of containers for storage or one-way shipment. The company was founded on September 29, 2015 and is headquartered in Hamilton, Bermuda.

Please note, this is an update to Triton International Ltd (TRTN) - Long, which was first presented on 06/14/2021

Publicly Traded Companies Mentioned Herein: Triton International Inc (TRTN)

Highlights

The presenter remains long shares of Triton International Inc (TRTN), which is the largest intermodal container leasing company in the world. Its market share in the leasing industry is 35% and growing, according to CFO John F. O’Callaghan on the company’s Nov 17 Investor Day, and at a $4B market cap it trades at 6.7x earnings. The company has improved the traditionally cyclical business by increasing the life cycle of operating leases on equipment to its core shipping line customers, extending targeted returns on investments, raising lease rates and driving strong returns on the used equipment sales process. Further, with steady fleet expansion, growing cash flow before capex, and long-term growth in EPS, this $60 stock that typically trades between 1.25x - 1.75x adjusted book value has an upside case of $90, or 50% over the next 6 months as it continues to grow its book.

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Idea Discussion

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