Firan Tech (FTG) AI Stock Analysis

• Market Cap: C$279.42M
• Dividend Yield: N/A
• Average Volume (3M): 92.34K
• Price to Earnings (P/E): 19.8
• Beta (1Y): 1.25
• Revenue Growth: 15.09%
• EPS Growth: 31.55%
• Country: CA
• Employees: 697
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): 0.12
• Shares Outstanding: 25,173,390
• 10 Day Avg. Volume: 175,050
• 30 Day Avg. Volume: 92,336
• PEG Ratio: -1.97
• Price to Book (P/B): 2.42
• Price to Sales (P/S): 1.08
• P/FCF Ratio: 25.32
• 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: C$15.00
• Price Target Upside: 34.41% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: C$12.00 ▲(7.53% Upside)

Firan Tech's strong financial performance and positive earnings call insights are the primary drivers of its stock score. However, technical indicators suggest a bearish trend, and valuation metrics indicate the stock is fairly valued. The absence of a dividend yield and challenges from aerospace transition delays and tariff uncertainties are notable risks.

Firan Tech Business Overview & Revenue Model

Company Description

Firan Tech Group (FTG) is a leading provider of advanced technology solutions specializing in the design and manufacture of high-performance printed circuit boards (PCBs), flexible circuits, and integrated solutions for the aerospace, defense, and medical industries. With a focus on innovation and quality, FTG delivers tailored products that meet the stringent requirements of its clients, ensuring reliability and performance in critical applications.

How the Company Makes Money

FTG generates revenue primarily through the sale of its printed circuit boards and flexible circuits, which are essential components in various electronic devices used in aerospace, defense, and medical sectors. The company operates on a project-based revenue model, where it engages in long-term contracts with customers for the production of customized solutions. Key revenue streams include direct sales to original equipment manufacturers (OEMs) and subcontracting arrangements with larger defense contractors. Additionally, FTG benefits from partnerships with industry leaders that enhance its market presence and expand its customer base. The company's focus on research and development also allows it to offer innovative products that command premium pricing, further contributing to its earnings.

Firan Tech Financial Statement Overview

Summary

Firan Tech shows strong financial health with robust revenue growth and profitability improvements. The balance sheet is solid, with moderate leverage and strong equity returns. However, the decline in free cash flow growth is a potential risk that needs addressing.

Income Statement

Firan Tech's income statement shows strong performance with a consistent revenue growth rate of 5.45% in TTM, indicating a positive trajectory. The gross profit margin improved to 30.93%, and the net profit margin increased to 7.70%, reflecting enhanced profitability. EBIT and EBITDA margins also improved, showcasing operational efficiency. However, the company should remain vigilant about maintaining these margins in a competitive industry.

Balance Sheet

The balance sheet reflects a stable financial position with a manageable debt-to-equity ratio of 0.51 in TTM, indicating moderate leverage. The return on equity is strong at 17.70%, suggesting effective use of equity capital. The equity ratio of 53.94% shows a solid equity base. Continued focus on managing debt levels will be crucial for maintaining financial stability.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth by 28.22% in TTM, which is a concern. However, the operating cash flow to net income ratio of 0.47 indicates reasonable cash generation relative to net income. The free cash flow to net income ratio of 0.73 shows that a significant portion of earnings is converted to free cash flow. Improving cash flow generation will be key to sustaining growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	179.94M	162.10M	135.20M	89.62M	79.36M	102.44M
Gross Profit	55.65M	44.18M	45.83M	21.31M	17.13M	26.42M
EBITDA	31.58M	25.73M	22.26M	7.92M	8.42M	10.69M
Net Income	13.86M	10.81M	11.62M	698.00K	170.00K	1.39M
Balance Sheet
Total Assets	165.53M	134.98M	125.71M	83.75M	79.45M	86.68M
Cash, Cash Equivalents and Short-Term Investments	7.09M	9.96M	6.62M	15.67M	20.20M	19.03M
Total Debt	45.83M	35.31M	35.18M	13.59M	12.94M	18.86M
Total Liabilities	75.39M	62.14M	65.38M	34.45M	28.41M	35.39M
Stockholders Equity	89.29M	72.15M	59.53M	48.33M	50.10M	50.28M
Cash Flow
Free Cash Flow	13.42M	6.88M	4.77M	-1.05M	4.73M	12.56M
Operating Cash Flow	18.41M	14.13M	11.30M	11.26M	7.63M	15.78M
Investing Cash Flow	-11.07M	-7.24M	-23.77M	-12.02M	-2.95M	-2.87M
Financing Cash Flow	-5.70M	-4.34M	3.57M	-1.73M	-2.70M	-1.17M

Firan Tech Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.16
• 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 TSE:FTG, the sentiment is Positive. The current price of 11.16 is above the 20-day moving average (MA) of 10.78, below the 50-day MA of 11.55, and above the 200-day MA of 10.05, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 50.22 is Neutral, neither overbought nor oversold. The STOCH value of 72.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FTG.

Firan Tech Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CAE	76 Outperform	$12.26B	29.43	8.73%	―	8.04%	―
FTG	74 Outperform	C$279.42M	19.76	17.40%	―	15.09%	31.55%
MDA	71 Outperform	C$3.28B	27.54	9.64%	―	57.21%	136.79%
MAL	67 Neutral	C$967.93M	25.52	4.85%	0.88%	6.58%	121.23%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
DPRO	50 Neutral	$256.34M	―	-125.28%	―	17.08%	72.07%
SNA	24 Underperform	C$6.81M	-3.33	―	―	-41.51%	42.31%

Firan Tech Corporate Events

FTG’s Earnings Call: Strong Growth Amid Challenges

FTG’s recent earnings call conveyed a strong financial performance, marked by significant revenue growth and successful acquisition integration. Despite these positive developments, the company is navigating challenges such as aerospace transition delays and tariff uncertainties, which could affect its future performance.

Firan Technology Group Reports Strong Q3 2025 Financial Results and Strategic Growth

FTG reported strong financial results for Q3 2025, with a 10.8% increase in revenue to $47.7 million and a 12% rise in backlog to $137.1 million. The company is strategically investing in growth, as evidenced by the integration of the FLYHT acquisition and the certification of the AFIRS Edge+™ for Airbus aircraft, which positions FTG for global deployment and enhances its market presence.

The most recent analyst rating on (TSE:FTG) stock is a Buy with a C$14.00 price target. To see the full list of analyst forecasts on Firan Tech stock, see the TSE:FTG Stock Forecast page.

Firan Tech Renews Stock Buyback Program with TSX Approval

Firan Technology Group Corporation announced that the Toronto Stock Exchange has accepted its renewal of a Normal Course Issuer Bid, allowing the company to repurchase up to 5% of its common shares over the next year. This strategic move is seen as a beneficial use of corporate funds, potentially enhancing shareholder value and reflecting confidence in the company’s financial health and market position.

The most recent analyst rating on (TSE:FTG) stock is a Buy with a C$13.50 price target. To see the full list of analyst forecasts on Firan Tech stock, see the TSE:FTG Stock Forecast page.

Firan Technology Group to Announce Q3 2025 Financial Results

Firan Technology Group Corporation announced the release of its third quarter 2025 financial results, scheduled for October 8, 2025, with a subsequent conference call on October 9, 2025. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and strategic positioning in the aerospace and defense electronics industry.

The most recent analyst rating on (TSE:FTG) stock is a Buy with a C$13.50 price target. To see the full list of analyst forecasts on Firan Tech stock, see the TSE:FTG Stock Forecast page.