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FTC

FiltronicAIM:FTC Stock Report

Market Cap

UK£22.5m

7D

-2.3%

1Y

31.3%

Updated

01 Dec, 2021

Data

Company Financials +
FTC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends0/6

FTC Stock Overview

Filtronic plc designs, develops, manufactures, and sells advanced radio frequency (RF) communications equipment for telecommunications infrastructure, aerospace and defense, and critical communications market sectors in the United Kingdom, Europe, the Americas, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Filtronic
Historical stock prices
Current Share PriceUK£0.10
52 Week HighUK£0.13
52 Week LowUK£0.072
Beta1.67
1 Month Change-10.64%
3 Month Change-14.29%
1 Year Change31.25%
3 Year Change-36.36%
5 Year Change7.69%
Change since IPO-90.71%

Recent News & Updates

Shareholder Returns

FTCGB CommunicationsGB Market
7D-2.3%-1.5%-2.6%
1Y31.3%5.3%10.9%

Return vs Industry: FTC exceeded the UK Communications industry which returned 5.1% over the past year.

Return vs Market: FTC exceeded the UK Market which returned 13.8% over the past year.

Price Volatility

Is FTC's price volatile compared to industry and market?
FTC volatility
FTC Average Weekly Movement5.8%
Communications Industry Average Movement5.8%
Market Average Movement4.9%
10% most volatile stocks in GB Market9.8%
10% least volatile stocks in GB Market2.5%

Stable Share Price: FTC is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: FTC's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1977116Richard Gibbshttps://filtronic.com

Filtronic plc designs, develops, manufactures, and sells advanced radio frequency (RF) communications equipment for telecommunications infrastructure, aerospace and defense, and critical communications market sectors in the United Kingdom, Europe, the Americas, and internationally. It provides Morpheus II, an e-band transceiver module; Cerus, a power amplifier for long range e-band communications; tower top amplifiers; Orpheus, an ultra-high-capacity turn-key solution for backhaul, fronthaul, and mid haul; switched filter banks; GaN amplifiers; custom filters products, including metal cavity, ceramic, combline, interdigital, lumped element, suspended substrate, waveguide, and thin-film filters; and custom combiner products. The company also offers interference mitigation filters; transmit and receive modules; microwave and mmWave transceivers; front end modules, such as power amplifiers, low noise amplifiers, switches, filters, power detectors, baluns, and other products; ceramic, combline, lumped element, metal cavity, suspended substrate, thin film, and small cell filters; waveguide diplexers; and cross-band and in band combiners.

Filtronic Fundamentals Summary

How do Filtronic's earnings and revenue compare to its market cap?
FTC fundamental statistics
Market CapUK£22.53m
Earnings (TTM)UK£60.00k
Revenue (TTM)UK£15.56m

388.9x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FTC income statement (TTM)
RevenueUK£15.56m
Cost of RevenueUK£5.46m
Gross ProfitUK£10.09m
ExpensesUK£10.03m
EarningsUK£60.00k

Last Reported Earnings

May 31, 2021

Next Earnings Date

Feb 08, 2022

Earnings per share (EPS)0.00027
Gross Margin64.89%
Net Profit Margin0.39%
Debt/Equity Ratio1.4%

How did FTC perform over the long term?

See historical performance and comparison

Valuation

Is Filtronic undervalued compared to its fair value and its price relative to the market?

388.89x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FTC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FTC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FTC is poor value based on its PE Ratio (388.9x) compared to the UK Communications industry average (28.3x).

PE vs Market: FTC is poor value based on its PE Ratio (388.9x) compared to the UK market (19x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FTC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FTC is good value based on its PB Ratio (2.4x) compared to the GB Communications industry average (3.6x).


Future Growth

How is Filtronic forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

8.5%

Forecasted Tech industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if FTC's forecast earnings growth is above the savings rate (0.9%).

Earnings vs Market: Insufficient data to determine if FTC's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if FTC's revenue is forecast to grow faster than the UK market.

High Growth Revenue: Insufficient data to determine if FTC's revenue is forecast to grow faster 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


Past Performance

How has Filtronic performed over the past 5 years?

4.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FTC has a large one-off gain of £256.0K impacting its May 31 2021 financial results.

Growing Profit Margin: FTC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: FTC has become profitable over the past 5 years, growing earnings by 4.9% per year.

Accelerating Growth: FTC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: FTC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Communications industry (25.1%).


Return on Equity

High ROE: FTC's Return on Equity (0.6%) is considered low.


Financial Health

How is Filtronic's financial position?


Financial Position Analysis

Short Term Liabilities: FTC's short term assets (£8.4M) exceed its short term liabilities (£3.6M).

Long Term Liabilities: FTC's short term assets (£8.4M) exceed its long term liabilities (£1.7M).


Debt to Equity History and Analysis

Debt Level: FTC has more cash than its total debt.

Reducing Debt: FTC's debt to equity ratio has reduced from 15.5% to 1.4% over the past 5 years.

Debt Coverage: FTC's debt is well covered by operating cash flow (1874.8%).

Interest Coverage: FTC's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet


Dividend

What is Filtronic 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average board tenure


CEO

Richard Gibbs (62 yo)

1.17yrs

Tenure

UK£243,955

Compensation

Mr. Richard William Gibbs has been Chief Executive Officer and Executive Director at Filtronic Plc since September 01, 2020. Mr. Gibbs is an experienced director who has led a number of business operations...


CEO Compensation Analysis

Compensation vs Market: Richard's total compensation ($USD323.01K) is about average for companies of similar size in the UK market ($USD324.53K).

Compensation vs Earnings: Insufficient data to compare Richard's compensation with company performance.


Board Members

Experienced Board: FTC's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Filtronic plc's employee growth, exchange listings and data sources


Key Information

  • Name: Filtronic plc
  • Ticker: FTC
  • Exchange: AIM
  • Founded: 1977
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: UK£22.535m
  • Shares outstanding: 214.62m
  • Website: https://filtronic.com

Number of Employees


Location

  • Filtronic plc
  • Filtronic House
  • 3 Airport West
  • Leeds
  • West Yorkshire
  • LS19 7ZA
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 18:55
End of Day Share Price2021/12/01 00:00
Earnings2021/05/31
Annual Earnings2021/05/31


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.