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AAC

AAC Clyde Space OM:AAC Stock Report

Last Price

kr1.65

Market Cap

kr328.8m

7D

0.7%

1Y

-36.7%

Updated

24 Jun, 2022

Data

Company Financials +
AAC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance0/6
Financial Health6/6
Dividends0/6

AAC Stock Overview

AAC Clyde Space AB (publ) primarily provides solutions and services to the small satellite market in Sweden, the United Kingdom, other European countries, the United States, Asia, and internationally.

AAC Clyde Space Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for AAC Clyde Space
Historical stock prices
Current Share Pricekr1.65
52 Week Highkr3.95
52 Week Lowkr1.58
Beta1.67
1 Month Change-6.40%
3 Month Change-24.57%
1 Year Change-36.71%
3 Year Change-66.29%
5 Year Change-65.66%
Change since IPO-76.23%

Recent News & Updates

Shareholder Returns

AACSE Aerospace & DefenseSE Market
7D0.7%0.7%-1.3%
1Y-36.7%44.6%-23.6%

Return vs Industry: AAC underperformed the Swedish Aerospace & Defense industry which returned 44.6% over the past year.

Return vs Market: AAC underperformed the Swedish Market which returned -23.6% over the past year.

Price Volatility

Is AAC's price volatile compared to industry and market?
AAC volatility
AAC Average Weekly Movement6.0%
Aerospace & Defense Industry Average Movement7.8%
Market Average Movement7.4%
10% most volatile stocks in SE Market12.2%
10% least volatile stocks in SE Market4.7%

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

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

About the Company

FoundedEmployeesCEOWebsite
2005169Luis Gomeshttps://www.aac-clyde.space

AAC Clyde Space AB (publ) primarily provides solutions and services to the small satellite market in Sweden, the United Kingdom, other European countries, the United States, Asia, and internationally. The company offers command and data handling, batteries, electrical power systems, laser and radio communications systems, solar arrays, lightweight structure solutions, and propulsion systems, as well as payloads, plug-and-play satellite attitude determination and control systems. It also involved in the provision of space as a service, which includes data subscription, data delivery, customer portal access, insurance, and data protection.

AAC Clyde Space Fundamentals Summary

How do AAC Clyde Space's earnings and revenue compare to its market cap?
AAC fundamental statistics
Market Capkr328.80m
Earnings (TTM)-kr47.22m
Revenue (TTM)kr201.10m

1.6x

P/S Ratio

-7.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AAC income statement (TTM)
Revenuekr201.10m
Cost of Revenuekr83.22m
Gross Profitkr117.89m
Other Expenseskr165.11m
Earnings-kr47.22m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 25, 2022

Earnings per share (EPS)-0.24
Gross Margin58.62%
Net Profit Margin-23.48%
Debt/Equity Ratio0%

How did AAC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

AAC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA-8.4x
PEG Ration/a

Price to Sales Ratio vs Peers

How does AAC's PS Ratio compare to its peers?

AAC PS Ratio vs Peers
The above table shows the PS ratio for AAC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average4.8x

Price-To-Sales vs Peers: AAC is good value based on its Price-To-Sales Ratio (1.6x) compared to the peer average (4.8x).


Price to Earnings Ratio vs Industry

How does AAC's PE Ratio compare vs other companies in the Aerospace & Defense Industry?

Price-To-Sales vs Industry: AAC is good value based on its Price-To-Sales Ratio (1.6x) compared to the Swedish Aerospace & Defense industry average (3.8x)


Price to Sales Ratio vs Fair Ratio

What is AAC'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.

AAC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.6x
Fair PS Ratio5.1x

Price-To-Sales vs Fair Ratio: AAC is good value based on its Price-To-Sales Ratio (1.6x) compared to the estimated Fair Price-To-Sales Ratio (5.1x).


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate AAC's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate AAC's fair value for valuation analysis.


Price to Earnings Growth Ratio

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


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Future Growth

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

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


83.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AAC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.3%).

Earnings vs Market: AAC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: AAC is expected to become profitable in the next 3 years.

Revenue vs Market: AAC's revenue (30.8% per year) is forecast to grow faster than the Swedish market (5.6% per year).

High Growth Revenue: AAC's revenue (30.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AAC's Return on Equity is forecast to be low in 3 years time (9.5%).


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Past Performance

How has AAC Clyde Space performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-4.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AAC is currently unprofitable.

Growing Profit Margin: AAC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AAC is unprofitable, and losses have increased over the past 5 years at a rate of 4.9% per year.

Accelerating Growth: Unable to compare AAC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AAC is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (66.9%).


Return on Equity

High ROE: AAC has a negative Return on Equity (-6.78%), as it is currently unprofitable.


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Financial Health

How is AAC Clyde Space's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: AAC's short term assets (SEK184.3M) exceed its short term liabilities (SEK137.7M).

Long Term Liabilities: AAC's short term assets (SEK184.3M) exceed its long term liabilities (SEK60.6M).


Debt to Equity History and Analysis

Debt Level: AAC is debt free.

Reducing Debt: AAC has no debt compared to 5 years ago when its debt to equity ratio was 3.1%.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: AAC has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: AAC has sufficient cash runway for 1.9 years if free cash flow continues to reduce at historical rates of 10.4% each year.


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Dividend

What is AAC Clyde Space current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate AAC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AAC'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 AAC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AAC's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as AAC has not reported any payouts.


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Management

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

1.4yrs

Average management tenure


CEO

Luis Gomes (50 yo)

3.08yrs

Tenure

kr1,823,000

Compensation

Mr. Luis Gomes has been the Chief Executive Officer at AAC Clyde Space AB (publ) (formerly known as ÅAC Microtec AB (publ)) since May 7, 2019 and was its Acting VP of Business Development since November 6,...


CEO Compensation Analysis

Compensation vs Market: Luis's total compensation ($USD180.02K) is about average for companies of similar size in the Swedish market ($USD228.60K).

Compensation vs Earnings: Luis's compensation has increased whilst the company is unprofitable.


Leadership Team

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


Board Members

Experienced Board: AAC's board of directors are considered experienced (6.2 years average tenure).


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 been diluted in the past year, with total shares outstanding growing by 6.8%.


Top Shareholders

Company Information

AAC Clyde Space AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: AAC Clyde Space AB (publ)
  • Ticker: AAC
  • Exchange: OM
  • Founded: 2005
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Implied Market Cap: kr328.799m
  • Shares outstanding: 199.03m
  • Website: https://www.aac-clyde.space

Number of Employees


Location

  • AAC Clyde Space AB (publ)
  • Uppsala Science Park
  • Dag Hammarskjölds väg 48
  • Uppsala
  • Uppsala County
  • 751 83
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/23 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.