Filtronic (FTC) AI Stock Analysis

• Market Cap: £283.49M
• Dividend Yield: N/A
• Average Volume (3M): 1.29M
• Price to Earnings (P/E): 20.1
• Beta (1Y): 1.49
• Revenue Growth: 121.45%
• EPS Growth: 345.83%
• Country: UK
• Employees: 133
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): 0.03
• Shares Outstanding: 219,760,910
• 10 Day Avg. Volume: 981,293
• 30 Day Avg. Volume: 1,290,637
• PEG Ratio: 0.06
• Price to Book (P/B): 7.75
• Price to Sales (P/S): 4.87
• P/FCF Ratio: 34.02
• 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: £196.00
• Price Target Upside: 49.62% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: 152.00p ▲(16.03% Upside)

Filtronic's strong financial performance is the primary driver of its stock score, supported by solid revenue growth and profitability. The technical analysis suggests a stable market position, while the valuation indicates moderate pricing. The absence of earnings call insights and corporate events does not impact the score.

Positive Factors

Revenue Growth

Sustained revenue growth indicates expanding market presence and effective product offerings, supporting long-term business expansion.

Profit Margins

High profit margins reflect efficient cost management and pricing power, enhancing profitability and competitive positioning.

Cash Flow Generation

Strong cash flow generation supports reinvestment in growth opportunities and provides financial flexibility for strategic initiatives.

Negative Factors

Market Sentiment

While short-term momentum is positive, reliance on technical indicators suggests potential volatility, which may not reflect fundamental strength.

Earnings Call Absence

Lack of earnings call insights limits transparency and investor communication, potentially affecting investor confidence and decision-making.

Corporate Events

Absence of recent corporate events may indicate a lack of strategic initiatives or partnerships, potentially impacting growth prospects.

Filtronic Business Overview & Revenue Model

Company Description

Filtronic (FTC) is a leading technology company specializing in the design and manufacture of advanced radio frequency (RF) and microwave components and systems for wireless communications. The company operates primarily in the telecommunications sector, providing innovative solutions that enhance mobile connectivity and network performance. Its core products include antennas, transceivers, and other RF components used in base stations and mobile devices, catering to the growing demand for 5G and next-generation wireless technologies.

How the Company Makes Money

Filtronic generates revenue through the sale of its RF and microwave components and systems to telecommunications equipment manufacturers and service providers. The company has established key revenue streams from long-term contracts and partnerships with major players in the wireless industry, enabling it to capitalize on the growing market for 5G infrastructure. Additionally, Filtronic's focus on research and development allows it to introduce new products that meet emerging market needs, providing a competitive edge and driving sales. Its strategy also includes expanding into international markets, which contributes to its overall earnings potential.

Filtronic Financial Statement Overview

Summary

Filtronic demonstrates strong financial performance with significant revenue growth, robust profit margins, and efficient cash flow generation. The low debt-to-equity ratio and high return on equity further highlight the company's solid financial health.

Income Statement

Filtronic has demonstrated strong revenue growth of 32.37% in the latest year, with robust gross and net profit margins of 61.19% and 24.95%, respectively. The EBIT and EBITDA margins are also healthy at 24.25% and 27.53%, indicating efficient operational management. The consistent improvement in profitability metrics over the years highlights a positive trajectory.

Balance Sheet

The company's balance sheet is solid with a low debt-to-equity ratio of 0.10, indicating conservative leverage. The return on equity is impressive at 39.71%, reflecting strong profitability relative to shareholder equity. The equity ratio is not explicitly provided, but the overall financial health appears stable with increasing equity over time.

Cash Flow

Filtronic's cash flow performance is strong, with a significant free cash flow growth rate of 77.92%. The operating cash flow to net income ratio of 1.19 suggests efficient cash generation relative to earnings. The free cash flow to net income ratio of 0.58 indicates a solid conversion of earnings into cash, supporting future growth and investment.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	56.32M	56.32M	25.43M	16.27M	17.05M	15.56M
Gross Profit	34.46M	34.46M	16.07M	10.28M	11.41M	2.63M
EBITDA	16.16M	15.51M	4.92M	1.33M	3.31M	1.58M
Net Income	14.05M	14.05M	3.14M	464.00K	1.47M	60.00K
Balance Sheet
Total Assets	49.79M	49.79M	25.27M	18.09M	16.44M	14.61M
Cash, Cash Equivalents and Short-Term Investments	14.49M	14.49M	7.21M	2.61M	4.01M	2.91M
Total Debt	3.69M	3.69M	3.02M	2.31M	1.82M	2.16M
Total Liabilities	14.42M	14.42M	10.45M	6.54M	5.40M	5.25M
Stockholders Equity	35.38M	35.38M	14.81M	11.54M	11.04M	9.36M
Cash Flow
Free Cash Flow	10.01M	8.06M	4.76M	-581.00K	2.04M	1.72M
Operating Cash Flow	13.84M	13.84M	6.33M	950.00K	2.29M	2.13M
Investing Cash Flow	-5.79M	-5.62M	-1.49M	-1.52M	-250.00K	-392.00K
Financing Cash Flow	-635.00K	-903.00K	-228.00K	-840.00K	-964.00K	-704.00K

Filtronic Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 131.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• 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 131 is above the 20-day moving average (MA) of 129.80, below the 50-day MA of 131.09, and above the 200-day MA of 128.62, indicating a neutral trend. The MACD of -1.19 indicates Negative momentum. The RSI at 50.54 is Neutral, neither overbought nor oversold. The STOCH value of 74.40 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	73 Outperform	£283.49M	20.09	55.98%	―	121.45%	345.83%
MWE	71 Outperform	£41.37M	11.57	17.41%	3.87%	1.08%	10.37%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
CYAN	48 Neutral	£21.84M	-5.21	-26.82%	―	-24.31%	14.89%
PEB	47 Neutral	£23.05M	-20.33	-224.48%	―	-0.46%	-171.65%
PEN	47 Neutral	£10.22M	-2.11	-52.41%	―	-31.21%	-292.31%
NANO	44 Neutral	£17.74M	-6.51	―	―	-3.25%	-172.09%

Filtronic Corporate Events

Filtronic Announces Major Orders and Strategic Growth Plans

Filtronic plc has announced significant progress at the start of FY2026, highlighting a strong sales pipeline and increased customer engagement across key markets. The company secured its largest order to date from SpaceX, valued at over £47 million, for its next-generation GaN E-band product, marking a major milestone in satellite communication technology. Additionally, Filtronic secured a £13.4 million contract with a leading European defense prime, reflecting growth in the defense sector. The company plans to launch new high-frequency GaN technology products in 2026, aiming to enhance its market position and meet the growing demand for secure communications infrastructure.

The most recent analyst rating on (GB:FTC) stock is a Buy with a £148.00 price target. To see the full list of analyst forecasts on Filtronic stock, see the GB:FTC Stock Forecast page.

Filtronic Publishes 2025 Annual Report and Promotes E-Communications

Filtronic plc announced the publication of its Annual Report and Accounts for the financial year ending 31 May 2025, along with the notice of its Annual General Meeting (AGM) scheduled for 30 October 2025. The company is encouraging shareholders to opt for e-communications to minimize environmental impact. This move reflects Filtronic’s commitment to sustainability and efficient shareholder communication, potentially enhancing its operational transparency and stakeholder engagement.

The most recent analyst rating on (GB:FTC) stock is a Buy with a £179.00 price target. To see the full list of analyst forecasts on Filtronic stock, see the GB:FTC Stock Forecast page.

Filtronic Announces New Share Issuance and Director Dealings

Filtronic plc announced the issuance of 681,600 new Ordinary Shares following the exercise of options under its ESOP scheme. Among these, the Chief Financial Officer, Michael Tyerman, exercised options for 184,795 shares and sold 92,795 shares, adjusting his beneficial holding to 490,631 shares. The new shares are set to commence trading on AIM on 3 September 2025, increasing the total issued share capital to 219,760,910 shares.

The most recent analyst rating on (GB:FTC) stock is a Buy with a £179.00 price target. To see the full list of analyst forecasts on Filtronic stock, see the GB:FTC Stock Forecast page.

Filtronic Secures Landmark $62.5M Order from SpaceX for Next-Gen GaN Technology

Filtronic has secured its largest single order to date, valued at $62.5 million, from SpaceX for its next-generation gallium nitride (GaN) E-band product. This contract marks a significant milestone for Filtronic, reinforcing its technical leadership and strategic alignment with SpaceX’s Starlink constellation. The GaN solution offers enhanced power, efficiency, and thermal performance, setting a new benchmark in satellite communications and aerospace applications. The partnership with SpaceX highlights Filtronic’s engineering prowess and positions the company for transformative opportunities in the low Earth orbit communications market.

The most recent analyst rating on (GB:FTC) stock is a Buy with a £179.00 price target. To see the full list of analyst forecasts on Filtronic stock, see the GB:FTC Stock Forecast page.