Figeac Aero Société Anonyme

DB:1F1 Stock Report

Market Cap: €235.0m

Figeac Aero Société Anonyme Valuation

Is 1F1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 1F1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1F1 (€5.62) is trading below our estimate of fair value (€15.08)

Significantly Below Fair Value: 1F1 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1F1?

Key metric: As 1F1 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 1F1. This is calculated by dividing 1F1's market cap by their current revenue.
What is 1F1's PS Ratio?
PS Ratio0.6x
Sales€402.01m
Market Cap€234.99m

Price to Sales Ratio vs Peers

How does 1F1's PS Ratio compare to its peers?

The above table shows the PS ratio for 1F1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.4x
FQT Frequentis
0.7x6.9%€317.1m
OHB OHB
0.9x16.0%€886.8m
M0YN Mynaric
5.9x76.9%€32.0m
5UH Hensoldt
2x13.2%€4.2b
1F1 Figeac Aero Société Anonyme
0.6x8.8%€235.0m

Price-To-Sales vs Peers: 1F1 is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (2.4x).


Price to Sales Ratio vs Industry

How does 1F1's PS Ratio compare vs other companies in the European Aerospace & Defense Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
1F1 0.6xIndustry Avg. 1.6xNo. of Companies11PS01.22.43.64.86+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 1F1 is good value based on its Price-To-Sales Ratio (0.6x) compared to the European Aerospace & Defense industry average (1.6x).


Price to Sales Ratio vs Fair Ratio

What is 1F1's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1F1 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: 1F1 is expensive based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 1F1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.62
€7.33
+30.5%
11.9%€8.50€6.40n/a3
Nov ’25€5.62
€7.13
+26.9%
15.5%€8.50€5.80n/a3
Oct ’25€5.68
€7.33
+29.1%
11.9%€8.50€6.40n/a3
Sep ’25€5.66
€7.33
+29.6%
11.9%€8.50€6.40n/a3
Aug ’25€6.04
€7.33
+21.4%
11.9%€8.50€6.40n/a3
Jul ’25€5.76
€7.33
+27.3%
11.9%€8.50€6.40n/a3
Jun ’25€6.74
€7.53
+11.8%
9.1%€8.50€7.00n/a3
May ’25€5.96
€7.00
+17.4%
15.4%€8.50€6.00n/a3
Apr ’25€5.56
€7.00
+25.9%
15.4%€8.50€6.00n/a3
Mar ’25€5.38
€7.00
+30.1%
15.4%€8.50€6.00n/a3
Feb ’25€5.82
€7.00
+20.3%
15.4%€8.50€6.00n/a3
Jan ’25€5.28
€6.00
+13.6%
13.6%€7.00€5.00n/a3
Dec ’24€4.00
€5.90
+47.5%
14.0%€7.00€5.00n/a3
Nov ’24€3.90
€6.13
+57.3%
10.0%€7.00€5.70€5.623
Oct ’24€3.95
€6.13
+55.3%
10.0%€7.00€5.70€5.683
Sep ’24€4.52
€6.13
+35.7%
10.0%€7.00€5.70€5.663
Aug ’24€5.06
€6.13
+21.2%
10.0%€7.00€5.70€6.043
Jul ’24€4.95
€6.13
+23.9%
10.0%€7.00€5.70€5.763
Jun ’24€4.87
€6.13
+25.9%
10.0%€7.00€5.70€6.743
May ’24€4.91
€6.13
+24.9%
10.0%€7.00€5.70€5.963
Apr ’24€4.82
€6.13
+27.4%
10.0%€7.00€5.70€5.563
Mar ’24€5.49
€6.37
+16.0%
8.3%€7.00€5.70€5.383
Feb ’24€5.40
€6.37
+17.9%
8.3%€7.00€5.70€5.823
Jan ’24€5.32
€6.37
+19.7%
8.3%€7.00€5.70€5.283
Dec ’23€5.32
€6.37
+19.7%
8.3%€7.00€5.70€4.003
Nov ’23€5.01
€6.37
+27.1%
8.3%€7.00€5.70€3.903

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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