Filtronic plc designs, manufactures, and sells advanced radio frequency (RF) communications products for mobile telecommunications infrastructure, defence and aerospace, and public safety market sectors in the United Kingdom, Europe, the Americas, and internationally.
+ 1 more risk
Mediocre balance sheet with limited growth.
Share Price & News
How has Filtronic's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FTC's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FTC underperformed the UK Communications industry which returned 44.7% over the past year.
Return vs Market: FTC exceeded the UK Market which returned -9.2% over the past year.
Price Volatility Vs. Market
How volatile is Filtronic's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StA Rising Share Price Has Us Looking Closely At Filtronic plc's (LON:FTC) P/E Ratio
2 weeks ago | Simply Wall StIs Filtronic plc's (LON:FTC) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
1 month ago | Simply Wall StWhat Type Of Shareholder Owns Filtronic plc's (LON:FTC)?
Is Filtronic undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FTC (£0.09) is trading above our estimate of fair value (£0.06)
Significantly Below Fair Value: FTC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FTC is good value based on its PE Ratio (16.2x) compared to the Communications industry average (20.2x).
PE vs Market: FTC is poor value based on its PE Ratio (16.2x) compared to the UK market (15.2x).
Price to Earnings Growth Ratio
PEG Ratio: FTC is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: FTC is overvalued based on its PB Ratio (2x) compared to the GB Communications industry average (1.9x).
How is Filtronic forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FTC's forecast earnings growth (14.7% per year) is above the savings rate (1.2%).
Earnings vs Market: FTC's earnings (14.7% per year) are forecast to grow slower than the UK market (21.5% per year).
High Growth Earnings: FTC's earnings are forecast to grow, but not significantly.
Revenue vs Market: FTC's revenue (13.5% per year) is forecast to grow faster than the UK market (3.6% per year).
High Growth Revenue: FTC's revenue (13.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FTC's Return on Equity is forecast to be high in 3 years time
How has Filtronic performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FTC has a high level of non-cash earnings.
Growing Profit Margin: FTC's current net profit margins (7.7%) are lower than last year (12.7%).
Past Earnings Growth Analysis
Earnings Trend: FTC has become profitable over the past 5 years, growing earnings by 65.6% per year.
Accelerating Growth: FTC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FTC had negative earnings growth (-49.8%) over the past year, making it difficult to compare to the Communications industry average (13.9%).
Return on Equity
High ROE: FTC's Return on Equity (12.1%) is considered low.
How is Filtronic's financial position?
Financial Position Analysis
Short Term Liabilities: FTC's short term assets (£12.7M) exceed its short term liabilities (£8.3M).
Long Term Liabilities: FTC's short term assets (£12.7M) exceed its long term liabilities (£2.0M).
Debt to Equity History and Analysis
Debt Level: FTC's debt to equity ratio (12%) is considered satisfactory.
Reducing Debt: FTC's debt to equity ratio has increased from 4.1% to 12% over the past 5 years.
Debt Coverage: FTC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FTC's interest payments on its debt are not well covered by EBIT (1x coverage).
What is Filtronic's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FTC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FTC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FTC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FTC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: FTC is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FTC's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Filtronic has no CEO, or we have no data on them.
|Executive Chairman||4.58yrs||UK£60.00k||0.21% £39.8k|
|Finance Director & Executive Director||4.17yrs||UK£123.00k||0.16% £29.6k|
|Senior Independent Non-Executive Director||no data||UK£40.00k||0.048% £8.9k|
|Independent Non-Executive Director||1.58yrs||UK£20.00k||0.35% £65.6k|
Experienced Board: FTC's board of directors are considered experienced (4.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.
Filtronic plc's company bio, employee growth, exchange listings and data sources
- Name: Filtronic plc
- Ticker: FTC
- Exchange: AIM
- Founded: 1977
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: UK£18.699m
- Shares outstanding: 213.70m
- Website: https://www.filtronic.com
Number of Employees
- Filtronic plc
- Filtronic House
- 3 Airport West
- West Yorkshire
- LS19 7ZA
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FLTC.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Oct 1994|
|FTI||MUN (Boerse Muenchen)||Yes||Ordinary Shares||DE||EUR||Oct 1994|
|FTC||AIM (London Stock Exchange AIM Market)||Yes||Ordinary Shares||GB||GBP||Oct 1994|
Filtronic plc designs, manufactures, and sells advanced radio frequency (RF) communications products for mobile telecommunications infrastructure, defence and aerospace, and public safety market sectors in the United Kingdom, Europe, the Americas, and internationally. It provides mmWave transceiver modules; RF conditioning equipment, including antenna sharing, cross-band, and in-band combiners, as well as custom filters and combiners; and microwave and mmWave components comprising GaN amplifiers, microwave and mmWave filters and diplexers, E-band power amplifiers, and data links. The company also offers small cell and interference mitigation filters; and E-band transceiver modules for 5G XHaul applications. In addition, it provides contract manufacturing, microelectronic assembling, module and device performance testing, business systems and program management, supply chain, and design services. The company was formerly known as Filtronic Comtek plc and changed its name to Filtronic plc in March 1998. Filtronic plc was founded in 1977 and is headquartered in Leeds, the United Kingdom.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/06 23:10|
|End of Day Share Price||2020/06/05 00:00|
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 here.