Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to €4.10, the stock trades at a forward P/E ratio of 110x. Average forward P/E is 19x in the Communications industry in Europe. Total returns to shareholders of 3,594% over the past three years. Recent Insider Transactions • Apr 24
Non-Executive Chairman recently sold €183k worth of stock On the 21st of April, Jonathan Neale sold around 65k shares on-market at roughly €2.81 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €566k. This was Jonathan's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €2.88, the stock trades at a forward P/E ratio of 77x. Average forward P/E is 17x in the Communications industry in Europe. Total returns to shareholders of 2,404% over the past three years. Recent Insider Transactions • Apr 11
Key Executive recently sold €566k worth of stock On the 9th of April, Michael Tyerman sold around 241k shares on-market at roughly €2.35 per share. This transaction amounted to 49% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €2.34, the stock trades at a forward P/E ratio of 65x. Average forward P/E is 14x in the Communications industry in Europe. Total returns to shareholders of 1,917% over the past three years. New Risk • Mar 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 19% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 19% per year for the foreseeable future. High level of non-cash earnings (23% accrual ratio). Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €1.94, the stock trades at a forward P/E ratio of 61x. Average forward P/E is 16x in the Communications industry in Europe. Total returns to shareholders of 1,558% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.04 per share. Board Change • Feb 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director John Behrendt was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 05
First half 2026 earnings released: EPS: UK£0.012 (vs UK£0.031 in 1H 2025) First half 2026 results: EPS: UK£0.012 (down from UK£0.031 in 1H 2025). Revenue: UK£25.3m (down 1.3% from 1H 2025). Net income: UK£2.64m (down 61% from 1H 2025). Profit margin: 11% (down from 26% in 1H 2025). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has increased by 168% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Dec 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director John Behrendt was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Dec 05
Filtronic plc Announces NSIP Funding to Develop High-Power Amplifier Through the UK Space Agency's National Space Innovation Programme Filtronic plc announces that it has been awarded £1.2 million funding through the UK Space Agency's National Space Innovation Programme ("NSIP") for a project to develop a high-power 550W Ka-Band Solid-State Power Amplifier ("SSPA"). Designed to fit seamlessly into existing satellite ground stations, Filtronic's new SSPA enables an easy, plug-and-play transition from older Travelling Wave Tube Amplifier ("TWTA") technology. This strategic development builds on Filtronic's successful SSPA design and targets a critically important frequency band. Ka band is central to the expansion of non-geostationary constellations, which rely on it for high-capacity, low-latency feeder and user links. Its adoption is also essential for enabling next-generation services, from in-flight connectivity to 5G Non-Terrestrial Networks. As a result, Ka band will underpin many of the high throughput Satcom services expected to shape the industry over the next decade. Board Change • Nov 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director John Behrendt was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €1.37, the stock trades at a forward P/E ratio of 64x. Average forward P/E is 20x in the Communications industry in Europe. Total returns to shareholders of 1,081% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.73 per share. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to €1.73, the stock trades at a forward P/E ratio of 70x. Average forward P/E is 21x in the Communications industry in Europe. Total returns to shareholders of 1,517% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.81 per share. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to €1.62, the stock trades at a forward P/E ratio of 105x. Average forward P/E is 19x in the Communications industry in Europe. Total returns to shareholders of 1,309% over the past three years. Annonce • Sep 23
Filtronic plc, Annual General Meeting, Oct 30, 2025 Filtronic plc, Annual General Meeting, Oct 30, 2025. Location: the plexus building, netpark, thomas wright way, county durham, ts21 3fd, sedgefield United Kingdom Board Change • Sep 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director John Behrendt was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €1.40, the stock trades at a forward P/E ratio of 76x. Average forward P/E is 20x in the Communications industry in Europe. Total returns to shareholders of 907% over the past three years. Board Change • Jul 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director John Behrendt was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.65, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 19x in the Communications industry in Europe. Total returns to shareholders of 1,733% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to €1.39, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Communications industry in Europe. Total returns to shareholders of 1,250% over the past three years. Board Change • May 19
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director John Behrendt was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 30
Key Executive recently sold €450k worth of stock On the 26th of March, Michael Tyerman sold around 336k shares on-market at roughly €1.34 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.38, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 17x in the Communications industry in Europe. Total returns to shareholders of 1,294% over the past three years. New Risk • Mar 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 45% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 45% per year for the foreseeable future. High level of non-cash earnings (57% accrual ratio). Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.41, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 16x in the Communications industry in Europe. Total returns to shareholders of 1,256% over the past three years. Board Change • Feb 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director John Behrendt was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €1.02, the stock trades at a trailing P/E ratio of 62.9x. Average forward P/E is 17x in the Communications industry in Europe. Total returns to shareholders of 779% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.41 per share. Board Change • Jan 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director John Behrendt was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jan 06
Filtronic plc Appoints of Antonino Spatola as Chief Commercial Officer Filtronic plc announced the appointment of Antonino Spatola as its new Chief Commercial Officer. This appointment, which is focused on accelerating Filtronic's innovation and commercial potential, reflects the Group's ongoing commitment to strengthening its leadership team with a view to achieving its strategic growth objectives and solidifying its position as a global leader in radio frequency ("RF") and microwave solutions. Antonino will lead the Company's global commercial operations, focusing on driving growth and expanding market presence. With over 20 years of experience in commercial leadership, business development, and strategic growth, particularly in the Space and Defence markets, Antonino brings extensive expertise in building high-performance teams and fostering long-term customer relationships. Antonino joins Filtronic following senior roles at industry leaders such as Teledyne E2V and Leonardo, where he successfully shaped market strategies, managed complex customer relationships, and oversaw the launch of innovative products. His customer-first approach and in-depth understanding of market dynamics make him a valuable addition to Filtronic's leadership team. Annonce • Oct 31
Filtronic plc to Report Q2, 2025 Results on Feb 04, 2025 Filtronic plc announced that they will report Q2, 2025 results on Feb 04, 2025 Annonce • Sep 06
Filtronic plc Announces Deal Signed to Relocate to New Purpose-Built, State-Of-The-Art Operational Site Filtronic plc announced it is relocating its Sedgefield site to a new, larger, purpose-built state-of-the-art facility on the same business park at NetPark, Sedgefield, County Durham in early 2025. This move will double the Company's operational footprint at its main UK site, facilitating a significant expansion in both capability and capacity. The new site will feature advanced cleanroom areas, engineering laboratories, and testing facilities, reinforcing Filtronic's commitment to growth and innovation. This investment is part of a broader strategy to enhance the Company's position as a global designer and manufacturer of high-performance mmWave technologies and enable execution of its growth plans. NetPark is one of the UK's premier science parks, the development is expected to boost the local economy by creating jobs and attracting investment to the region. It aligns with regional economic development goals to foster innovation and growth in high-tech industries. Reported Earnings • Jul 31
Full year 2024 earnings released: EPS: UK£0.015 (vs UK£0.002 in FY 2023) Full year 2024 results: EPS: UK£0.015 (up from UK£0.002 in FY 2023). Revenue: UK£25.4m (up 56% from FY 2023). Net income: UK£3.14m (up UK£2.68m from FY 2023). Profit margin: 12% (up from 2.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jul 31
Filtronic plc, Annual General Meeting, Oct 31, 2024 Filtronic plc, Annual General Meeting, Oct 31, 2024. Location: plexus building, thomas wright way, netpark, county durham, ts21 3fd, sedgefield United Kingdom Board Change • May 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director John Behrendt was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 24
Filtronic plc Provides Earnings Guidance for the Fiscal Year 2024 and 2025 Filtronic plc provided earnings guidance for the fiscal year 2024 and 2025. For the fiscal year 2024, revenue will now be marginally ahead of expectations will be significantly ahead of expectations.For the fiscal year 2025, the company expects to be significantly ahead of current market expectations for revenue. New Risk • Mar 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.5m (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Significant insider selling over the past 3 months (€90k sold). Market cap is less than US$100m (€91.5m market cap, or US$99.4m). Recent Insider Transactions • Feb 12
CEO & Executive Director recently sold €71k worth of stock On the 6th of February, Richard Gibbs sold around 215k shares on-market at roughly €0.33 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Richard's only on-market trade for the last 12 months. Reported Earnings • Feb 08
First half 2024 earnings released: UK£0.002 loss per share (vs UK£0.002 profit in 1H 2023) First half 2024 results: UK£0.002 loss per share (down from UK£0.002 profit in 1H 2023). Revenue: UK£8.48m (up 1.3% from 1H 2023). Net loss: UK£522.0k (down 213% from profit in 1H 2023). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 59% per year, which means it is well ahead of earnings. Annonce • Oct 27
Filtronic plc to Report First Half, 2024 Results on Feb 06, 2024 Filtronic plc announced that they will report first half, 2024 results on Feb 06, 2024 Annonce • Aug 03
Filtronic plc, Annual General Meeting, Oct 26, 2023 Filtronic plc, Annual General Meeting, Oct 26, 2023, at 09:00 Coordinated Universal Time. Location: Plexus building, Thomas Wright way Netpark, Sedgefield, County Durham, TS21 3FD County Durham United Kingdom New Risk • Aug 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.9% Last year net profit margin: 8.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (2.9% net profit margin). Market cap is less than US$100m (€40.0m market cap, or US$43.8m). Reported Earnings • Aug 02
Full year 2023 earnings released: EPS: UK£0.002 (vs UK£0.007 in FY 2022) Full year 2023 results: EPS: UK£0.002 (down from UK£0.007 in FY 2022). Revenue: UK£16.3m (down 4.6% from FY 2022). Net income: UK£464.0k (down 68% from FY 2022). Profit margin: 2.9% (down from 8.6% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 1.7% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. New Risk • Jun 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€33.9m market cap, or US$37.1m). Reported Earnings • Feb 08
First half 2023 earnings released: EPS: UK£0.002 (vs UK£0.003 in 1H 2022) First half 2023 results: EPS: UK£0.002 (down from UK£0.003 in 1H 2022). Revenue: UK£8.37m (up 4.5% from 1H 2022). Net income: UK£464.0k (down 32% from 1H 2022). Profit margin: 5.5% (down from 8.5% in 1H 2022). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director John Behrendt was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Oct 27
Filtronic plc to Report First Half, 2023 Results on Feb 07, 2023 Filtronic plc announced that they will report first half, 2023 results on Feb 07, 2023 Reported Earnings • Aug 03
Full year 2022 earnings released: EPS: UK£0.007 (vs UK£0 in FY 2021) Full year 2022 results: EPS: UK£0.007 (up from UK£0 in FY 2021). Revenue: UK£17.1m (up 9.6% from FY 2021). Net income: UK£1.47m (up UK£1.41m from FY 2021). Profit margin: 8.6% (up from 0.4% in FY 2021). Over the next year, revenue is forecast to grow 11%, compared to a 8.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Annonce • Aug 02
Filtronic plc, Annual General Meeting, Oct 27, 2022 Filtronic plc, Annual General Meeting, Oct 27, 2022, at 10:00 Coordinated Universal Time. Location: Plexus building, Thomas Wright Way, Netpark, Sedgefield County Durham United Kingdom Annonce • Jun 20
Filtronic plc Provides Revenue Guidance for the Fiscal Year 2022 Filtronic plc provides revenue guidance for the fiscal year 2022. The board expects revenue of approximately £17.1 million for fiscal year 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director John Behrendt was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 10
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: UK£0.003 (up from UK£0 in 1H 2021). Revenue: UK£8.00m (up 12% from 1H 2021). Net income: UK£677.0k (up UK£735.0k from 1H 2021). Profit margin: 8.5% (up from net loss in 1H 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 11%, compared to a 6.4% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 124 percentage points per year, which is a significant difference in performance. Board Change • Nov 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director John Behrendt was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jun 17
Filtronic plc Provides Revenue Guidance for the Fiscal Year 2021 Filtronic plc provides revenue guidance for the fiscal year 2021. The board expects revenue of approximately £15.6 million for fiscal year 2021. Annonce • Dec 15
Filtronic plc Appoints John Behrendt as Non-Executive Director and Member of the Audit, Remuneration and Nominations Committees, with Effect from 1 January 2021 Filtronic plc announced the appointment of John Behrendt as a non-executive director and member of the Audit, Remuneration and Nominations Committees with effect from 1 January 2021. John will become chair of the Audit Committee with effect from the publication of interim results to allow for a managed transition. Reg Gott has been acting as interim chair of the Audit Committee following the previous chair's retirement on 29 October 2020. John has over thirty years of experience in a combination of executive and non-executive roles and qualified as an accountant with the Chartered Institute of Management Accountants (CIMA). Annonce • Aug 06
Filtronic plc Appoints Richard Gibbs as CEO, Effective 1 September 2020 Filtronic plc announced the appointment of Richard Gibbs as CEO. Richard's formal start date with the company will be 1 September 2020. Richard is an experienced director who has led a number of business operations supplying semiconductor, RF and electronics subsystems to the telecoms, aerospace, defence, medical and oil & gas markets. Richard joins the company from Micross Components Ltd, a PE owned company, where he has been Managing Director since 2016. Prior to his time at Micross, Richard spent nine years at E2V Technologies, where he was Group Sales & marketing Director and President of the RF Product and Hi-Reliability Semiconductors Divisions, and 20 years with Honeywell, of which 10 years were spent managing overseas operations. Annonce • Jul 17
Filtronic plc to Report Fiscal Year 2020 Results on Aug 04, 2020 Filtronic plc announced that they will report fiscal year 2020 results on Aug 04, 2020