Not exact matches
If you purchase this equipment, the amount of Additional Funds for the 3 months
operating expenses would also be
adjusted to reflect that you will not make 3 monthly equipment
lease payments, but your total initial investment will be substantially higher than we have estimated.
Adjusted EBIT is 21M, plus 14 M of
operating lease expense — tax - effected at 12 %, that's 31M, for a 14.2 % ROIC (with
leases capitalised)
The company's
adjusted operating free cash flow (Op FCF, after adding back aircraft
operating lease costs of EUR 45.2 million) margin remains pretty stable at 8.1 % — which deserves a 0.75 P / S multiple.