Firan Technology Group Corporation

TSX:FTG Stock Report

Market Cap: CA$527.4m

Firan Technology Group Management

Management criteria checks 2/4

Firan Technology Group's CEO is Brad Bourne, appointed in Jan 2002, has a tenure of 24.42 years. total yearly compensation is CA$701.27K, comprised of 52% salary and 48% bonuses, including company stock and options. directly owns 11% of the company’s shares, worth CA$58.02M. The average tenure of the management team and the board of directors is 1.4 years and 7.1 years respectively.

Key information

Brad Bourne

Chief executive officer

CA$701.3k

Total compensation

CEO salary percentage52.01%
CEO tenure24.4yrs
CEO ownership11.0%
Management average tenure1.4yrs
Board average tenure7.1yrs

Recent management updates

Recent updates

Narrative Update • Jun 16

FTG: Artemis Mission Cockpit Role Will Support Future Return Upside

Analysts have maintained their fair value estimate for Firan Technology Group at CA$25.00, citing largely unchanged underlying assumptions around discount rate, revenue growth, profit margin, and future P/E, which together support a steady price target view. What's in the News Firan Technology Group’s Aerospace Chatsworth division supplied seven Switch Interface Panels that were installed in the Orion spacecraft, the primary module carrying astronauts on their mission.
Narrative Update • Jun 02

FTG: Artemis Cockpit Role Will Support Measured Future Return Potential

Analysts have kept their fair value estimate for Firan Technology Group steady at CA$25.00. Small adjustments to the discount rate and projected P/E suggest the new price target still reflects the same headline valuation but with slightly updated risk and earnings assumptions.
Narrative Update • Apr 29

FTG: Space Cockpit Panel Role Will Support Future Upside Potential

Analysts have kept Firan Technology Group's fair value estimate steady at CA$25.00 per share, with only very small tweaks to the discount rate, long term revenue growth, profit margin assumptions, and future P/E. Together, these adjustments support an unchanged price target.
Narrative Update • Apr 14

FTG: Orion Cockpit Role And Stronger Assumptions Will Support Future Upside

Analysts have increased their fair value price target for Firan Technology Group from CA$21.67 to CA$25.00, reflecting updated assumptions for revenue growth, profit margins, and future P/E levels. What's in the News Firan Technology Group’s Aerospace Chatsworth division supplied seven Switch Interface Panels installed in the Orion spacecraft.
Narrative Update • Mar 31

FTG: Steady Assumptions And Unused Buyback Will Support Future Upside

Analysts have kept their CA$21.67 price target on Firan Technology Group broadly unchanged, citing steady assumptions for the discount rate, revenue growth, profit margin, and future P/E as the basis for their valuation view. What's in the News Firan Technology Group reported that from September 25, 2025 to November 30, 2025, it repurchased 0 shares for a total of CA$0 million under its existing buyback program (Key Developments).
Narrative Update • Mar 17

FTG: Steady Assumptions And Completed Buyback Will Support Future Upside

Analysts kept their fair value estimate for Firan Technology Group steady at CA$21.67, citing only minor tweaks to discount rate, revenue growth, profit margin, and future P/E assumptions that did not materially shift the overall price target outlook. What's in the News Update on the share repurchase program, with the company reporting that from September 25, 2025 to November 30, 2025 it repurchased 0 shares for CAD 0 million under the previously announced buyback.
Narrative Update • Mar 02

FTG: Lower Discount Rate And Firmer Margins Will Shape Measured Upside Potential

Analysts have raised their CA$17.50 price target on Firan Technology Group to about CA$21.67, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E as key drivers of the higher valuation. What's in the News Firan Technology Group reported that from September 25, 2025 to November 30, 2025, it repurchased 0 shares for CA$0 million under its buyback program.
New Narrative • Feb 20

Aerospace And Defense Backlog And Expansion Will Support A Multi Year Upswing

Catalysts About Firan Technology Group Firan Technology Group designs and manufactures high reliability printed circuit boards and cockpit electronics for aerospace and defense customers worldwide. What are the underlying business or industry changes driving this perspective?
Narrative Update • Feb 16

FTG: Steady Margins And Discount Rate Shift Will Support Upside Potential

Analysts have maintained their fair value estimate for Firan Technology Group at CA$17.50, with only modest tweaks to assumptions such as the discount rate and future P/E. This keeps their overall price target framework broadly unchanged.
Narrative Update • Feb 02

FTG: Higher Margin Outlook Will Support Increased Equity Value Potential

Analysts have raised their price target for Firan Technology Group to $17.50 from $15.33, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E, which they say better reflect the company’s current risk and earnings profile. Valuation Changes Fair Value: The updated price target has risen from CA$15.33 to CA$17.50, representing a modest upward adjustment in the implied equity value.
Analysis Article • Jan 10

There's Reason For Concern Over Firan Technology Group Corporation's (TSE:FTG) Price

Firan Technology Group Corporation's ( TSE:FTG ) price-to-earnings (or "P/E") ratio of 24.3x might make it look like a...
Analysis Article • Aug 21

Here's Why Firan Technology Group (TSE:FTG) Has Caught The Eye Of Investors

TSX:FTG 1 Year Share Price vs Fair Value Explore Firan Technology Group's Fair Values from the Community and select...
Analysis Article • Jul 21

Firan Technology Group's (TSE:FTG) Earnings Are Of Questionable Quality

Firan Technology Group Corporation ( TSE:FTG ) announced strong profits, but the stock was stagnant. Our analysis...
Analysis Article • Apr 17

Firan Technology Group Corporation's (TSE:FTG) 26% Share Price Surge Not Quite Adding Up

Firan Technology Group Corporation ( TSE:FTG ) shares have had a really impressive month, gaining 26% after a shaky...
Analysis Article • Apr 12

When Should You Buy Firan Technology Group Corporation (TSE:FTG)?

Firan Technology Group Corporation ( TSE:FTG ), might not be a large cap stock, but it saw a decent share price growth...
User avatar
New Narrative • Feb 09

Integration Of Circuits Haverhill And Circuits Minnetonka Will Expand Opportunities In The Defense Sector

Expansion into new sites and markets, especially in defense, is set to enhance customer acquisition and boost revenue.
Analysis Article • Jan 30

Here's What's Concerning About Firan Technology Group's (TSE:FTG) Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...
Analysis Article • Oct 10

Does Firan Technology Group (TSE:FTG) Deserve A Spot On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Apr 17

Firan Technology Group Corporation Just Beat Revenue Estimates By 7.6%

Firan Technology Group Corporation ( TSE:FTG ) shareholders are probably feeling a little disappointed, since its...
Analysis Article • Mar 15

With EPS Growth And More, Firan Technology Group (TSE:FTG) Makes An Interesting Case

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Feb 22

Firan Technology Group Corporation (TSE:FTG) Shares Fly 26% But Investors Aren't Buying For Growth

The Firan Technology Group Corporation ( TSE:FTG ) share price has done very well over the last month, posting an...
Analysis Article • Jan 27

Is Now An Opportune Moment To Examine Firan Technology Group Corporation (TSE:FTG)?

While Firan Technology Group Corporation ( TSE:FTG ) might not have the largest market cap around , it saw a...
Analysis Article • Dec 01

Firan Technology Group (TSE:FTG) Has A Pretty Healthy Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Jul 01

There's Been No Shortage Of Growth Recently For Firan Technology Group's (TSE:FTG) Returns On Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Sep 17

Is It Time To Consider Buying Firan Technology Group Corporation (TSE:FTG)?

Firan Technology Group Corporation ( TSE:FTG ), might not be a large cap stock, but it saw significant share price...

CEO Compensation Analysis

How has Brad Bourne's remuneration changed compared to Firan Technology Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Feb 27 2026n/an/a

CA$13m

Nov 30 2025CA$701kCA$365k

CA$13m

Aug 29 2025n/an/a

CA$14m

May 30 2025n/an/a

CA$14m

Feb 28 2025n/an/a

CA$13m

Nov 30 2024CA$578kCA$338k

CA$11m

Aug 30 2024n/an/a

CA$10m

May 31 2024n/an/a

CA$9m

Mar 01 2024n/an/a

CA$9m

Nov 30 2023CA$609kCA$338k

CA$12m

Sep 01 2023n/an/a

CA$8m

Jun 02 2023n/an/a

CA$8m

Mar 03 2023n/an/a

CA$6m

Nov 30 2022CA$466kCA$338k

CA$698k

Sep 02 2022n/an/a

-CA$124k

Jun 03 2022n/an/a

-CA$72k

Mar 04 2022n/an/a

-CA$77k

Nov 30 2021CA$428kCA$338k

CA$256k

Sep 03 2021n/an/a

CA$2m

Jun 04 2021n/an/a

CA$2m

Mar 05 2021n/an/a

CA$4m

Nov 30 2020CA$522kCA$338k

CA$1m

Aug 28 2020n/an/a

CA$657k

May 29 2020n/an/a

CA$2m

Feb 28 2020n/an/a

CA$2m

Nov 30 2019CA$548kCA$338k

CA$6m

Compensation vs Market: Brad's total compensation ($USD495.83K) is below average for companies of similar size in the Canadian market ($USD858.29K).

Compensation vs Earnings: Brad's compensation has increased by more than 20% in the past year.

CEO

Brad Bourne (67 yo)

24.4yrs
Tenure
CA$701,272
Compensation

Mr. Bradley C. Bourne, also known as Brad, has been the Chief Executive Officer of Firan Technology Group Corporation (formerly Circuit World Corporation) since January 09, 2004 and has been its President...

Leadership Team

NamePositionTenureCompensationOwnership
Bradley Bourne
President24.4yrsCA$701.27k11%
CA$ 58.0m
R. Knight
CFO, Executive VP & Secretaryless than a yearCA$49.98kno data
Bill Sezate
Executive Vice President of FTG Circuits1.4yrsCA$369.00k0.0076%
CA$ 40.3k
Marko Viinikka
Executive Vice President of FTG Aerospace1.1yrsCA$219.87k0.011%
CA$ 57.5k
Hardeep Heer
VP of Engineering & CTO17.2yrsCA$270.43kno data
Andre Khachatourians
VP and GM of FTG Circuits & Aerospace - Chatsworthno dataCA$269.77kno data
Shawn Thompson
Vice President and General Manager of FTG Circuits & FTG Aerospaceno dataCA$446.06kno data
1.4yrs
Average Tenure

Experienced Management: FTG's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Bradley Bourne
President23yrsCA$701.27k11%
CA$ 58.0m
Edward Hanna
Independent Chairman of the Board23yrsCA$78.50k0.15%
CA$ 801.0k
Robert Beutel
Independent Director4.3yrsCA$73.50k0.049%
CA$ 259.4k
Michael Andrade
Independent Director9.9yrsCA$73.50k0.52%
CA$ 2.7m
Christine Forget
Independent Director1.2yrsCA$63.00k0.033%
CA$ 171.5k
Russell David
Independent Director1yrCA$51.00k0.024%
CA$ 127.0k
7.1yrs
Average Tenure
66.5yo
Average Age

Experienced Board: FTG's board of directors are considered experienced (7.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/18 08:29
End of Day Share Price 2026/06/18 00:00
Earnings2026/02/27
Annual Earnings2025/11/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Firan Technology Group Corporation is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nick CorcoranAcumen Capital Finance Partners Limited
Russell StanleyBeacon Securities Limited
Noel AtkinsonClarus Securities Inc.