Firan Tech (FTG) AI Stock Analysis

• Market Cap: C$173.44M
• Dividend Yield: N/A
• Average Volume (3M): 24.05K
• Price to Earnings (P/E): 15.2
• Beta (1Y): 1.18
• Revenue Growth: 18.03%
• EPS Growth: -6.83%
• Country: CA
• Employees: 680
• Sector: Industrials
• Sector Strength: 68
• Industry: Aerospace & Defense
• EPS (TTM): 0.45
• Shares Outstanding: 25,173,390
• 10 Day Avg. Volume: 23,936
• 30 Day Avg. Volume: 24,051
• PEG Ratio: 0.95
• Price to Book (P/B): N/A
• Price to Sales (P/S): 1.02
• Price to Cash Flow (P/CF): 10.20
• P/FCF Ratio: 17.10
• 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

FTG's overall score reflects strong financial performance and growth potential, driven by revenue increases and strategic acquisitions. However, technical indicators suggest bearish momentum, and valuation metrics are moderate with no dividend yield. The earnings call provided positive guidance, but challenges remain in margin improvement and potential tariff impacts.

Firan Tech Business Overview & Revenue Model

Company Description

Firan Technology Group (FTG) is a leading provider of aerospace and defense electronics with a focus on high-reliability printed circuit boards (PCBs) and avionics. The company operates in sectors such as aerospace, defense, and other high-technology industries, offering a range of products that include complex circuit board designs and advanced cockpit control systems. FTG is committed to innovation and quality, serving a global customer base with cutting-edge electronic solutions.

How the Company Makes Money

FTG generates revenue primarily through the design, manufacture, and sale of high-reliability printed circuit boards and cockpit systems used in aerospace and defense applications. The company has two main business units: Circuits and Aerospace. The Circuits division specializes in producing complex PCBs for applications requiring high precision and reliability, catering to industries like aerospace, defense, and high-tech. The Aerospace division focuses on the design and development of advanced cockpit systems and components, often working under long-term contracts and partnerships with major aerospace and defense companies. Revenue is driven by both direct sales to OEMs (Original Equipment Manufacturers) and through maintenance, repair, and overhaul services. Strategic partnerships with key players in the aerospace industry also contribute to FTG's earnings, enabling the company to expand its market reach and enhance its product offerings.

Firan Tech Financial Statement Overview

Summary

Firan Tech demonstrates strong growth potential with increasing revenues and efficient cash flow management. Despite some declining margins, the company maintains a healthy balance sheet and leverage position. Continued focus on margin improvement and debt management will bolster financial stability.

Income Statement

Firan Tech has shown a strong revenue growth trajectory, with revenue increasing from $135.2 million in 2023 to $162.1 million in 2024, a growth rate of 19.91%. However, gross profit margin has slightly declined from 33.9% in 2023 to 27.2% in 2024. The net profit margin also decreased slightly to 6.67% from 8.6% in the previous year. EBITDA margin remains relatively robust at 15.88%, although there was a decline in EBIT margin to 0% due to no recorded EBIT.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.49, indicating a balanced leverage position. Return on equity stands at 14.99% for 2024, reflecting a solid return for shareholders. The equity ratio is stable at 53.46%, indicating a healthy proportion of equity financing. However, the increase in total debt from the previous year might be a point of concern.

Cash Flow

Strong free cash flow growth of 44.23% from 2023 to 2024 highlights efficient cash generation. The operating cash flow to net income ratio is robust at 1.31, demonstrating effective cash flow management. The free cash flow to net income ratio of 0.64 indicates good cash utilization, although there's room for improvement.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
162.10M	135.20M	89.62M	79.36M	102.44M
	Gross Profit
44.18M	45.83M	21.31M	17.13M	26.42M
	EBIT
0.00	21.72M	2.49M	751.00K	7.60M
	EBITDA
25.73M	22.26M	7.92M	8.42M	10.69M
	Net Income Common Stockholders
10.81M	11.62M	698.00K	170.00K	1.39M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
9.96M	6.62M	15.67M	20.20M	19.03M
	Total Assets
134.98M	125.71M	83.75M	79.45M	86.68M
	Total Debt
35.31M	35.18M	13.59M	12.94M	18.86M
	Net Debt
25.35M	28.56M	-2.08M	-7.26M	-168.00K
	Total Liabilities
62.14M	65.38M	34.45M	28.41M	35.39M
	Stockholders Equity
72.15M	59.53M	48.33M	50.10M	50.28M
Cash Flow		Free Cash Flow
6.88M	4.77M	-1.05M	4.73M	12.56M
	Operating Cash Flow
14.13M	11.30M	11.26M	7.63M	15.78M
	Investing Cash Flow
-7.24M	-23.77M	-12.02M	-2.95M	-2.87M
	Financing Cash Flow
-4.34M	3.57M	-1.73M	-2.70M	-1.17M

Firan Tech Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.89
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FTG, the sentiment is Negative. The current price of 6.89 is below the 20-day moving average (MA) of 7.56, below the 50-day MA of 7.72, and above the 200-day MA of 6.73, indicating a neutral trend. The MACD of -0.28 indicates Positive momentum. The RSI at 29.14 is Positive, neither overbought nor oversold. The STOCH value of 10.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:FTG.

Firan Tech Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MDA	79 Outperform	C$3.41B	42.37	7.09%	―	33.74%	61.09%
CAE	72 Outperform	$11.18B	―	-5.31%	―	1.44%	-183.14%
FTG	65 Neutral	C$173.44M	15.21	16.43%	―	18.03%	-6.83%
DOO	65 Neutral	$4.04B	21.36	35.85%	1.59%	-20.75%	-78.02%
Sector *	61 Neutral	$8.22B	13.01	0.73%	3.10%	3.88%	-16.90%
ATS	60 Neutral	C$3.83B	43.02	5.30%	―	-7.46%	-49.87%
BB	50 Neutral	$3.85B	―	-13.55%	―	-26.72%	77.64%

Firan Tech Corporate Events

FTG Reports Strong 2024 Financial Results and Strategic Enhancements

FTG announced significant financial growth for the full year and fourth quarter of 2024, with a 25% increase in bookings and a 20% rise in revenue. The company maintained a strong balance sheet and achieved strategic milestones, including successful integration of acquisitions and securing key contracts. Subsequent to year-end, FTG further enhanced its market position through the acquisition of FLYHT Aerospace Solutions Ltd., expanding its aerospace aftermarket presence and product offerings, and announced plans to open a new facility in India to support growth.

Firan Technology Group Reports Strong Financial Growth in 2024

Firan Technology Group Corporation reported significant financial growth in 2024, with a 25% increase in total bookings, a 20% rise in revenue to $162.1 million, and a 47% increase in adjusted net earnings. The company maintained a robust balance sheet and invested in existing sites to promote organic growth. FTG’s strategic capital deployment aims to enhance shareholder returns and improve its market position, reflecting a strong operational outlook.

Firan Technology Group to Release 2024 Financial Results

Firan Technology Group Corporation is set to announce its full year and fourth quarter 2024 financial results on February 19, 2025. The announcement will be followed by a live conference call hosted by the President and CEO, Brad Bourne, to discuss the financial outcomes. This financial disclosure is crucial for investors and stakeholders as it provides insights into the company’s financial health and operational performance, potentially affecting its market positioning in the aerospace and defense sectors.

FTG Expands Aerospace Operations with New Facility in India

Firan Technology Group Corporation (FTG) has announced the launch of a new aerospace facility in Hyderabad, India, which will begin production by the end of 2025. This strategic expansion is part of FTG’s ongoing efforts to increase its global footprint, particularly in the growing Indian aerospace and defense market, supported by India’s ‘Make in India’ initiative. The facility will focus on manufacturing cockpit products and will serve both local and international clients from a location within a Special Economic Zone, facilitating tariff-free trade. The new Hyderabad site marks FTG’s fourth country for aerospace manufacturing and underscores its commitment to delivering high-quality solutions in the aviation and defense sectors, emphasizing Human Machine Interface (HMI) devices.

FTG Corporation Secures New Banking Agreement to Boost Growth

FTG Corporation has finalized a new 3-year banking agreement with BMO Corporate Finance, securing $10 million each in revolving operating and term credit facilities, along with a $15 million accordion facility for acquisitions. This agreement is designed to enhance FTG’s operational flexibility and reduce costs, supporting its growth and corporate development objectives, which may strengthen its market position in the aerospace and defense sectors.

FTG Wins Contract to Supply Cockpit Assemblies for De Havilland’s Firefighting Aircraft

FTG Corporation has been selected by De Havilland Aircraft of Canada Ltd. to supply cockpit control assemblies for the new Canadair 515 firefighting aircraft, marking a significant achievement for the company. This contract highlights FTG’s capacity to deliver high-quality Canadian-made components, reinforcing its position in the aerospace industry and supporting the growth of aerial firefighting operations with its sophisticated cockpit panel assemblies.

FTG Gains CAAC Approval for Maintenance Operations in China

FTG has received approval from the Civil Aviation Administration of China to operate as an Approved Maintenance Organization (AMO) through its FTG Aerospace Tianjin unit. This approval allows FTG to maintain and repair aeronautical instruments and display devices, enhancing its capability to support customers throughout their product lifecycle, particularly on the C919 aircraft in China. This certification is a strategic milestone for FTG as it seeks to expand its presence in the large aftermarket segment of the aerospace industry, potentially strengthening its market position and offering new opportunities for growth.

Firan Tech Completes Acquisition of FLYHT Aerospace

Firan Technology Group Corporation has successfully completed its acquisition of FLYHT Aerospace Solutions, making FLYHT a wholly-owned subsidiary. The acquisition aims to strengthen FTG’s presence in the commercial aerospace aftermarket and expand its SATCOM product offerings. FLYHT shares will be delisted from the TSX Venture Exchange as a result.