AAC Clyde Space (AAC) AI Stock Analysis

• Market Cap: kr723.65M
• Dividend Yield: N/A
• Average Volume (3M): 52.96K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.07
• Revenue Growth: 49.12%
• EPS Growth: 97.26%
• Country: SE
• Employees: 210
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): -2.84
• Shares Outstanding: 6,507,676
• 10 Day Avg. Volume: 29,128
• 30 Day Avg. Volume: 52,957
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: kr123.99
• Price Target Upside: 6.71% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 63 Neutral
• Price Target: kr124.00 ▲(6.71% Upside)

AAC Clyde Space's strong revenue growth and robust balance sheet are significant positives, but ongoing profitability challenges and a negative P/E ratio weigh heavily on the overall score. Technical indicators show mixed signals, with some potential for short-term recovery. The lack of earnings call data and corporate events limits further insights.

AAC Clyde Space Business Overview & Revenue Model

Company Description

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. In addition, the company operates EPIC spacecraft platform. It serves the government, commercial, and educational organizations. The company was formerly known as ÅAC Microtec AB (publ) and changed its name to AAC Clyde Space AB (publ) in November 2019. AAC Clyde Space AB (publ) was founded in 2005 and is headquartered in Uppsala, Sweden.

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 demonstrates 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. Overall, the company is on a solid growth trajectory but needs to address profitability challenges.

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	375.52M	352.86M	276.61M	196.72M	179.95M	98.38M
Gross Profit	280.37M	247.46M	-43.00M	135.69M	110.35M	56.46M
EBITDA	68.62M	29.45M	-1.01M	-29.61M	-18.13M	-19.82M
Net Income	-1.54M	-5.58M	-41.36M	-46.55M	-39.49M	-38.30M
Balance Sheet
Total Assets	984.32M	988.61M	938.37M	881.40M	874.41M	636.25M
Cash, Cash Equivalents and Short-Term Investments	27.98M	49.68M	59.55M	52.10M	96.11M	62.43M
Total Debt	69.28M	21.04M	40.80M	17.21M	15.71M	13.15M
Total Liabilities	282.16M	285.62M	275.62M	217.90M	195.59M	78.48M
Stockholders Equity	703.23M	704.02M	663.57M	663.51M	678.81M	557.77M
Cash Flow
Free Cash Flow	12.78M	34.63M	-46.09M	-34.44M	-64.68M	-31.64M
Operating Cash Flow	37.41M	56.79M	4.88M	6.43M	-35.46M	-14.46M
Investing Cash Flow	-53.89M	-44.64M	-50.97M	-40.87M	-21.78M	-21.76M
Financing Cash Flow	8.24M	-23.00M	53.91M	-10.27M	89.64M	45.52M

AAC Clyde Space Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 116.20
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 116.2 is below the 20-day moving average (MA) of 120.34, above the 50-day MA of 113.23, and above the 200-day MA of 83.48, indicating a neutral trend. The MACD of 0.40 indicates Positive momentum. The RSI at 45.24 is Neutral, neither overbought nor oversold. The STOCH value of 14.71 is Positive, 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	649.51M	45.91	0.00%	0.87%	27.22%	30.08%
CTT	66 Neutral	2.98B	53.75	22.69%	2.25%	-13.34%	-46.12%
GGEO	64 Neutral	97.70M	-215.71	0.00%	―	-3.59%	-106.16%
AAC	63 Neutral	kr723.65M	―	-0.45%	―	49.12%	97.26%
MILDEF	54 Neutral	8.87B	-36.16	-16.08%	0.27%	24.94%	-578.00%
GOMX	46 Neutral	2.11B	-20.29	-374.47%	―	9.60%	40.86%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%