AAC Clyde Space (AAC) AI Stock Analysis

• Market Cap: kr573.33M
• Dividend Yield: N/A
• Average Volume (3M): 29.88K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.27
• Revenue Growth: 30.82%
• EPS Growth: 57.74%
• Country: SE
• Employees: 210
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): -2.10
• Shares Outstanding: 6,507,676
• 10 Day Avg. Volume: 25,848
• 30 Day Avg. Volume: 29,879
• PEG Ratio: 0.54
• Price to Book (P/B): 0.38
• Price to Sales (P/S): 0.76
• P/FCF Ratio: 7.72
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: kr88.00 ▼(-14.73% Downside)

AAC Clyde Space's overall stock score is driven by strong revenue growth and a robust balance sheet, but is significantly impacted by persistent net losses, operational inefficiencies, and valuation concerns. The technical analysis indicates a bearish trend, and the earnings call reveals mixed prospects with ongoing challenges.

Positive Factors

Revenue Growth

The consistent revenue growth indicates strong demand for AAC's satellite solutions, enhancing its market position and potential for future expansion.

Positive EBITDA Streak

A positive EBITDA streak reflects improving operational efficiency and profitability, suggesting better financial health and management effectiveness.

Strong Balance Sheet

A strong balance sheet with low leverage provides financial stability and flexibility, enabling AAC to invest in growth opportunities.

Negative Factors

Persistent Net Losses

Ongoing net losses indicate challenges in achieving profitability, which could hinder long-term financial sustainability and investor confidence.

Delayed Orders

Delays in significant projects affect revenue recognition and cash flow, potentially impacting AAC's ability to meet financial targets.

Negative Cash Flow

Negative cash flow can strain financial resources, limiting AAC's ability to invest in growth and manage operations effectively.

AAC Clyde Space Business Overview & Revenue Model

Company Description

AAC Clyde Space (AAC) is a leading provider of small satellite solutions, specializing in the design, manufacture, and operation of small satellites and satellite systems. The company operates primarily in the space industry, offering services that cater to various sectors including earth observation, telecommunications, and scientific research. AAC's core products include small satellite platforms, payloads, and integrated satellite systems, serving customers ranging from government agencies to commercial enterprises.

How the Company Makes Money

AAC Clyde Space generates revenue through multiple streams, primarily by selling small satellite solutions and services to clients in both the public and private sectors. This includes revenue from the design and manufacturing of satellite systems, as well as operational services such as satellite data processing and analysis. The company also engages in contracts with governmental and commercial entities for satellite launches and deployments. Significant partnerships with aerospace organizations and research institutions further enhance AAC's market reach, allowing it to participate in larger projects and collaborations that contribute to its earnings. Additionally, AAC benefits from the growing demand for satellite data and services across various industries, which provides a robust foundation for its revenue model.

AAC Clyde Space Financial Statement Overview

Summary

AAC Clyde Space shows strong revenue growth and a robust balance sheet with low leverage. However, persistent net losses and volatile profitability metrics indicate operational inefficiencies. Cash flow has improved, yet fluctuations remain a concern.

Income Statement

AAC Clyde Space shows significant revenue growth, increasing from SEK 66.44 million in 2019 to SEK 352.86 million in 2024. Despite consistent revenue growth, profitability remains a challenge, with negative net income across the years. Gross profit margin improved notably, but EBIT and EBITDA margins have been volatile, indicating operational challenges.

Balance Sheet

The company maintains a strong equity position, with a debt-to-equity ratio improving to 0.01 in 2024, reflecting low reliance on debt. The equity ratio is consistently high, indicating a stable financial structure. Return on equity remains negative due to ongoing net losses, highlighting profitability issues.

Cash Flow

AAC Clyde Space's operating cash flow turned positive in 2024, showing improvement in cash generation. Free cash flow is positive in 2024, a significant turnaround from previous years. However, the operating cash flow to net income ratio remains inconsistent, suggesting ongoing volatility in cash flow management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	366.97M	352.86M	276.61M	196.72M	179.95M	98.38M
Gross Profit	267.81M	247.46M	-43.00M	135.69M	110.35M	56.46M
EBITDA	50.11M	29.45M	-1.01M	-29.61M	-18.13M	-30.65M
Net Income	-22.91M	-5.58M	-41.36M	-46.55M	-39.49M	-38.30M
Balance Sheet
Total Assets	900.56M	988.61M	938.37M	881.40M	874.41M	636.25M
Cash, Cash Equivalents and Short-Term Investments	21.51M	49.68M	59.55M	52.10M	96.11M	62.43M
Total Debt	43.97M	21.04M	40.80M	17.21M	15.71M	13.15M
Total Liabilities	224.34M	285.62M	275.62M	217.90M	195.59M	78.48M
Stockholders Equity	677.49M	704.02M	663.57M	663.51M	678.81M	557.77M
Cash Flow
Free Cash Flow	-35.55M	34.63M	-46.09M	-34.44M	-64.68M	-31.64M
Operating Cash Flow	5.11M	56.79M	4.88M	6.43M	-35.46M	-14.46M
Investing Cash Flow	-58.61M	-44.64M	-50.97M	-40.87M	-21.78M	-21.76M
Financing Cash Flow	50.57M	-23.00M	53.91M	-10.27M	89.64M	45.52M

AAC Clyde Space Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 103.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:AAC, the sentiment is Neutral. The current price of 103.2 is above the 20-day moving average (MA) of 79.10, above the 50-day MA of 91.96, and above the 200-day MA of 96.52, indicating a neutral trend. The MACD of -2.21 indicates Negative momentum. The RSI at 55.93 is Neutral, neither overbought nor oversold. The STOCH value of 62.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:AAC.

AAC Clyde Space Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AVT.B	77 Outperform	€562.54M	32.71	35.19%	1.03%	34.25%	57.77%
GGEO	64 Neutral	€96.19M	48.85	1.33%	―	2.20%	50.91%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
CTT	61 Neutral	kr2.36B	41.25	―	2.88%	-3.14%	-35.70%
AAC	59 Neutral	kr573.33M	-23.52	-3.61%	―	30.82%	57.74%
GOMX	48 Neutral	€2.60B	―	―	―	9.60%	40.86%
MILDEF	42 Neutral	€7.31B	-33.22	-16.38%	0.38%	47.87%	-439.87%

AAC Clyde Space Corporate Events

AAC Clyde Space Reports Strong Q2 2025 Growth

AAC Clyde Space AB is a company specializing in small satellite technologies and services, providing satellite components, mission services, and space-based data delivery for various applications including weather monitoring, maritime safety, and agriculture. In its latest earnings report for Q2 2025, AAC Clyde Space reported a significant increase in net sales, reaching SEK 73.7 million, a 37.5% rise compared to the same period last year. The company also achieved a positive EBITDA of SEK 3.1 million, marking its fourth consecutive quarter of positive EBITDA, despite a decrease in order backlog. Key strategic moves include restructuring operations into two segments, Products & Missions and Data & Services, and expanding its bank overdraft facility to support growth. The company also secured several strategic orders and completed a directed share issue to accelerate its strategic initiatives. Looking ahead, AAC Clyde Space maintains its guidance for double-digit net sales growth and positive EBITDA for the full year, while continuing to adapt to market changes and focusing on expanding its Data & Services segment.