Filtronic PLC (GB:FTC)
LSE:FTC
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Filtronic
(LSE:FTC)
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Rating:75Outperform
Price Target:
327.00 p
▲(80.66% Upside)
Action:ReiteratedDate:04/28/26
The score is primarily supported by strong financial performance (rapid revenue growth, high margins, low leverage, and solid cash generation). Technicals are also constructive with a strong uptrend and positive momentum, though the stock looks somewhat extended on Stoch. Valuation is the main offset, with a higher P/E and no dividend yield data.
Positive Factors
Revenue growth
Sustained ~32% top-line growth indicates successful commercial traction for Filtronic's RF subsystems. For a specialist OEM, this level of growth reflects program wins and expanding customer adoption that can translate into repeat production orders and scale benefits over the next 2–6 months.
Negative Factors
EPS contraction
Negative EPS growth despite revenue expansion suggests earnings volatility or one-off impacts. If EPS lags revenue, it can indicate margin pressure from mix shifts, higher operating costs, or timing differences in program recognition, which may persist across reporting cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth
Sustained ~32% top-line growth indicates successful commercial traction for Filtronic's RF subsystems. For a specialist OEM, this level of growth reflects program wins and expanding customer adoption that can translate into repeat production orders and scale benefits over the next 2–6 months.
Read all positive factors
Filtronic (FTC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£631.24M
Dividend YieldN/A
Average Volume (3M)1.29M
Price to Earnings (P/E)27.4
Beta (1Y)1.24
Revenue Growth31.56%
EPS Growth-4.41%
CountryUK
Employees133
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)0.04
Shares Outstanding219,942,720
10 Day Avg. Volume981,293
30 Day Avg. Volume1,290,637
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)7.75
Price to Sales (P/S)4.87
P/FCF Ratio34.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£213.00Price Target Upside17.68% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.03
Revenue Forecast (FY)£55.42M
Filtronic Business Overview & Revenue Model
Company Description
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,...
How the Company Makes Money
Filtronic makes money primarily by selling RF/microwave products and engineered subsystems to OEMs and system integrators, with revenue recognized through the delivery of manufactured hardware and, where applicable, associated engineering work. Ke...
Filtronic Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
80
Positive
| Breakdown | TTM | May 2025 | May 2024 | May 2023 | May 2022 | May 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 55.98M | 56.32M | 25.43M | 16.27M | 17.05M | 15.56M |
| Gross Profit | 23.86M | 34.46M | 16.07M | 10.28M | 11.41M | 2.63M |
| EBITDA | 13.38M | 15.51M | 4.92M | 1.33M | 3.31M | 1.58M |
| Net Income | 9.96M | 14.05M | 3.14M | 464.00K | 1.47M | 60.00K |
Balance Sheet | ||||||
| Total Assets | 55.02M | 49.79M | 25.27M | 18.09M | 16.44M | 14.61M |
| Cash, Cash Equivalents and Short-Term Investments | 10.51M | 14.49M | 7.21M | 2.61M | 4.01M | 2.91M |
| Total Debt | 6.18M | 3.69M | 3.02M | 2.31M | 1.82M | 2.16M |
| Total Liabilities | 16.41M | 14.42M | 10.45M | 6.54M | 5.40M | 5.25M |
| Stockholders Equity | 38.61M | 35.38M | 14.81M | 11.54M | 11.04M | 9.36M |
Cash Flow | ||||||
| Free Cash Flow | 6.70M | 8.06M | 4.76M | -581.00K | 2.04M | 1.72M |
| Operating Cash Flow | 15.13M | 13.84M | 6.33M | 950.00K | 2.29M | 2.13M |
| Investing Cash Flow | -11.13M | -5.62M | -1.49M | -1.52M | -250.00K | -392.00K |
| Financing Cash Flow | -610.00K | -903.00K | -228.00K | -840.00K | -964.00K | -704.00K |
Filtronic Technical Analysis
Positive
181.00
Price Trends
195.82
Positive
179.39
Positive
159.43
Positive
Market Momentum
8.38
Negative
71.39
Negative
96.35
Negative
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 181 is below the 20-day moving average (MA) of 195.28, below the 50-day MA of 195.82, and above the 200-day MA of 159.43, indicating a bullish trend. The MACD of 8.38 indicates Negative momentum. The RSI at 71.39 is Negative, neither overbought nor oversold. The STOCH value of 96.35 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:FTC.
Filtronic Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £59.48M | 10.27 | 17.36% | 4.20% | 9.45% | 13.01% | |
75 Outperform | £631.24M | 27.44 | 26.93% | ― | 31.56% | -4.41% | |
67 Neutral | £246.34M | 25.56 | 3.10% | 2.19% | 10.66% | 23.08% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | £51.04M | -17.38 | 2.30% | 2.02% | 20.83% | ― | |
54 Neutral | £205.13M | -1.27 | -31.21% | ― | -7.62% | 5.48% | |
52 Neutral | £39.44M | 5.88 | 2.29% | 3.67% | -21.33% | -11.35% |
* Technology Sector Average
GB:FTC
Filtronic
287.00
191.40
200.21%
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Filtronic Corporate Events
Other
Filtronic Discloses 3.64% Shareholding Held by Mrs D.M. Dixon
Neutral
Apr 29, 2026
Filtronic plc disclosed that shareholder Mrs D.M. Dixon now holds 8,000,000 ordinary shares in the company, representing 3.64% of its issued share capital. The notification of this significant shareholding highlights a notable investor position in...
Business Operations and StrategyRegulatory Filings and Compliance
Filtronic director trims stake as RF specialist targets high-growth markets
Positive
Apr 24, 2026
Filtronic plc reported that non-executive director John Behrendt sold 30,000 ordinary shares at 278.11p each on 23 April, in a transaction conducted on London Stock Exchange’s AIM market. Following the disposal, Behrendt retains a beneficial...
Regulatory Filings and Compliance
Filtronic chair trims stake with £159,000 share sale on AIM
Neutral
Apr 21, 2026
Filtronic plc disclosed that its Non-Executive Chair, Jonathan Neale, has sold 65,151 ordinary shares in the company at 244.50p each, executed on the London Stock Exchange’s AIM market. Following this transaction, Neale retains a beneficial ...
Regulatory Filings and Compliance
Filtronic Directors Trim Holdings but Retain Significant Stakes After Share Sales
Neutral
Apr 9, 2026
Filtronic plc has disclosed that Chief Financial Officer Michael Tyerman sold 240,631 ordinary shares at 205p each, while retaining a beneficial interest in 250,000 shares and options over 1,370,012 shares that are scheduled to vest in 2026 subjec...
Business Operations and Strategy
Filtronic Wins New Defence Contract, Strengthening Position in Wideband RF Market
Positive
Apr 1, 2026
Filtronic plc, a specialist in advanced RF and microelectronics for mission-critical communication networks, operates globally from Sedgefield, UK, and is listed on AIM. With more than 45 years of experience, extensive patents and state-of-the-art...
Business Operations and StrategyProduct-Related Announcements
Filtronic Wins $8m US Contract to Expand Satellite Communications Amplifier Range
Positive
Mar 26, 2026
Filtronic plc has secured an $8m (£6m) contract from a US company to design, develop, manufacture and qualify a range of high-performance system-level amplifier products, with work starting in March 2026 and running through 2027. The deal lev...
Business Operations and Strategy
Filtronic Shifts Registered Office to NETPark Tech Hub in Sedgefield
Positive
Mar 2, 2026
Filtronic plc, the AIM-quoted RF and microelectronics specialist serving space, aerospace, defence and telecoms infrastructure markets, has announced a change to its registered office address, which is now located at 1 Rosalind Franklin Way in NET...
Other
Filtronic Discloses 5.91% Shareholding Acquired by Investor Dixon
Neutral
Feb 9, 2026
Filtronic plc has disclosed that investor Mrs D.M. Dixon now holds 13,000,000 ordinary shares in the company, representing 5.91% of its issued share capital. The stake positions Dixon as a significant shareholder, a development that may influence ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.