Filtronic (FTC) AI Stock Analysis

• Market Cap: £227.76M
• Dividend Yield: N/A
• Average Volume (3M): 1.79M
• Price to Earnings (P/E): 21.8
• Beta (1Y): 0.78
• Revenue Growth: 159.75%
• EPS Growth: N/A
• Country: UK
• Employees: 121
• Sector: Technology
• Sector Strength: 46
• Industry: Hardware & Equipment
• EPS (TTM): 0.05
• Shares Outstanding: 219,002,490
• 10 Day Avg. Volume: 2,183,872
• 30 Day Avg. Volume: 1,786,503
• PEG Ratio: 0.13
• Price to Book (P/B): N/A
• Price to Sales (P/S): 5.53
• Price to Cash Flow (P/CF): 56.80
• P/FCF Ratio: 1531.40
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Filtronic's strong financial performance and strategic partnerships, particularly with SpaceX, are key strengths. These are complemented by positive technical indicators, though the valuation is moderate. The company's focus on growth and strategic positioning in the space and defense markets further supports a robust outlook.

Filtronic Business Overview & Revenue Model

Company Description

Filtronic (FTC) is a leading provider of advanced radio frequency (RF) communications products and solutions. The company operates primarily in the telecommunications, aerospace, defense, and critical communications sectors. Filtronic specializes in designing and manufacturing RF components, subsystems, and solutions that enable wireless communication, offering products such as filters, antennas, and transceivers that support high-frequency communications systems.

How the Company Makes Money

Filtronic makes money through the design, manufacture, and sale of its RF communication products and solutions. The company's key revenue streams include the sale of its products to original equipment manufacturers (OEMs) and system integrators in various sectors, including telecommunications, aerospace, and defense. Filtronic also earns revenue from providing customized design and engineering services to meet specific customer needs. Strategic partnerships and long-term contracts with major players in these industries significantly contribute to its earnings, ensuring a steady demand for its specialized communication solutions.

Filtronic Financial Statement Overview

Summary

Filtronic exhibits strong financial health with substantial revenue growth, high profitability, and efficient cash flow management. The company maintains a low level of debt, which reduces financial risk. While the balance sheet is strong, continuous investment in capital expenditures should be monitored to ensure sustained cash flow efficiency.

Income Statement

Filtronic has shown strong revenue growth with a significant increase from £16.3M to £25.4M over the last year, representing a growth rate of approximately 56%. The company has also improved its profitability with a gross profit margin of 63.2% and a net profit margin of 12.3%. The EBIT and EBITDA margins are strong at 14.2% and 19%, respectively, indicating efficient operational management and profitability.

Balance Sheet

The balance sheet is robust with a debt-to-equity ratio of 0.2, indicating low leverage. The equity ratio stands at 58.6%, showcasing a solid equity base. With a return on equity of 21.2%, Filtronic effectively generates profit from its equity. However, the total liabilities are 41.4% of total assets, which is a point to monitor.

Cash Flow

The cash flow statement reflects strong cash generation with an impressive free cash flow growth rate. The operating cash flow to net income ratio of 2.01 and the free cash flow to net income ratio of 1.51 suggest that the company converts its earnings into cash efficiently. However, the capital expenditure has been increasing, which may impact future cash flows.

Breakdown
Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
25.43M	16.27M	17.05M	15.56M	17.18M
	Gross Profit
16.07M	10.28M	11.41M	2.63M	9.10M
	EBIT
3.61M	237.00K	1.98M	828.00K	-188.00K
	EBITDA
4.84M	1.33M	3.31M	1.58M	527.00K
	Net Income Common Stockholders
3.14M	464.00K	1.47M	60.00K	-1.96M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
7.21M	2.61M	4.01M	2.91M	2.03M
	Total Assets
25.27M	18.09M	16.44M	14.61M	17.34M
	Total Debt
3.02M	2.31M	1.82M	2.16M	2.85M
	Net Debt
-4.20M	-295.00K	-2.19M	-747.00K	822.00K
	Total Liabilities
10.45M	6.54M	5.40M	5.25M	7.99M
	Stockholders Equity
14.81M	11.54M	11.04M	9.36M	9.35M
Cash Flow		Free Cash Flow
4.76M	-581.00K	2.04M	1.72M	-3.88M
	Operating Cash Flow
6.33M	950.00K	2.29M	2.13M	-2.64M
	Investing Cash Flow
-1.57M	-1.52M	-250.00K	-392.00K	2.41M
	Financing Cash Flow
-228.00K	-840.00K	-964.00K	-704.00K	-353.00K

Filtronic Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 110.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FTC, the sentiment is Positive. The current price of 110 is above the 20-day moving average (MA) of 106.80, above the 50-day MA of 101.73, and above the 200-day MA of 79.29, indicating a bullish trend. The MACD of 1.57 indicates Positive momentum. The RSI at 57.40 is Neutral, neither overbought nor oversold. The STOCH value of 54.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:FTC.

Filtronic Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FTC	77 Outperform	£227.76M	21.85	58.61%	―	159.75%	―
TSTL	72 Outperform	£159.80M	25.95	19.61%	4.04%	10.32%	1.25%
RNO	70 Outperform	£86.48M	5.36	27.26%	1.30%	-6.48%	―
LPA	59 Neutral	£7.47M	7.61	-2.03%	1.77%	8.45%	-137.73%
Sector *	58 Neutral	$21.69B	10.11	-18.01%	2.37%	4.81%	-23.86%

Filtronic Corporate Events

Filtronic Strengthens Partnership with SpaceX for Starlink Expansion

Filtronic has expanded its strategic agreement with SpaceX, enhancing its role in supplying advanced E-band SSPA modules for the Starlink constellation. This development signifies SpaceX’s confidence in Filtronic’s technology, potentially boosting Filtronic’s market expectations and strengthening its industry positioning.

Filtronic PLC Announces Change in Major Shareholdings

Filtronic PLC announced a change in major holdings as David and Monique Newlands have adjusted their voting rights in the company. The notification reveals a decrease in their total voting rights from 11.956% to 10.974%, impacting the company’s shareholder structure and potentially influencing future corporate decisions.

Filtronic PLC Announces Shift in Major Shareholder Voting Rights

Filtronic PLC has reported a change in the voting rights of its shares, with Canaccord Genuity Group Inc. now holding 9.8183% of the voting rights. This adjustment follows the crossing of a threshold on February 12, 2025, reflecting a decrease from a previous position of 10.6859%. This change could impact the company’s governance dynamics and indicates a potential shift in stakeholder influence within the company’s operations.

Filtronic Secures Major Contract with SpaceX

Filtronic plc announced a significant contract win valued at $20.9 million with SpaceX, set to boost the company’s revenue and profit beyond market expectations for FY2025 and FY2026. The contract highlights Filtronic’s strong reputation for high-performance RF solutions and is expected to enhance its strategic market momentum.

Filtronic PLC Reports Significant Revenue Growth and Strategic Expansion

Filtronic PLC reported a significant financial turnaround in its half-year results, with revenues rising from £8.5 million to £25.6 million and a swing from a loss to a profit of £6.7 million. The company attributes this growth to strong order inflow, particularly from its partnership with SpaceX, and strategic investments in technology and production capacity. Filtronic is also expanding its engineering team and enhancing its manufacturing capabilities to meet growing demand, positioning itself for continued growth in the space and defense markets.

Filtronic Announces Significant Shareholding by Dixon Family

Filtronic plc announced that Mr. M.H. and Mrs. D.M. Dixon now hold 24,750,000 ordinary shares, representing 11.3% of the company’s issued share capital. This significant shareholding reflects confidence in Filtronic’s market position within its sectors, potentially impacting investor perceptions and the company’s future strategic decisions.

Filtronic Strengthens Leadership Team with Key Appointments

Filtronic plc has announced the appointment of David Marshall as Director of Programmes and Sarah Shaw as General Counsel, strengthening its leadership team as it seeks to continue its growth trajectory. These appointments, alongside the recent addition of Antonino Spatola as Chief Commercial Officer, aim to support Filtronic’s strategic plans and enhance its capabilities in delivering innovative solutions to meet increasing demand from key sectors. The company is focused on leveraging these new appointments to capitalize on growing opportunities and sustain its trading momentum, which is currently ahead of expectations.

Filtronic Expects Stronger Full-Year Results Amid Increased Order Intake

Filtronic plc announced that its order intake for the current financial year has surpassed expectations, prompting the company to anticipate stronger full-year results than previously forecasted. This development reflects a positive outlook for Filtronic’s operations and could enhance its positioning within its respective markets, potentially benefiting stakeholders with improved financial performance.

Filtronic PLC Announces Change in Major Holdings

Filtronic PLC has announced a change in its major holdings as Canaccord Genuity Group Inc. has adjusted its voting rights from 11.6270% to 10.6859%. This adjustment signals a significant shift in stakeholder influence within Filtronic, potentially impacting its strategic decisions and market positioning.

Filtronic Appoints New Chief Commercial Officer to Drive Growth

Filtronic plc has announced the appointment of Antonino Spatola as the new Chief Commercial Officer to drive growth and strengthen its market presence. With extensive experience in Space and Defence markets, Spatola’s leadership is expected to enhance Filtronic’s commercial strategies and support its ambitious growth plans.