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Filtronic PLC (GB:FTC)
LSE:FTC

Filtronic (FTC) AI Stock Analysis

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GB

Filtronic

(LSE:FTC)

78Outperform
Filtronic demonstrates solid financial performance with strong revenue growth and profitability. Strategic contracts with industry leaders like SpaceX and ESA significantly bolster its market position. While technical indicators are mixed, the company's reasonable valuation and positive corporate events contribute to a favorable outlook. The absence of earnings call data limits insights into immediate operational guidance.

Filtronic (FTC) vs. S&P 500 (SPY)

Filtronic Business Overview & Revenue Model

Company DescriptionFiltronic plc designs, develops, manufactures, and sells advanced radio frequency (RF) communications equipment for telecommunications infrastructure, aerospace and defense, and critical communications market sectors in the United Kingdom, Europe, the Americas, and internationally. It provides Morpheus II, an e-band transceiver module; Cerus, a power amplifier for long range e-band communications; tower top amplifiers; Orpheus, an ultra-high-capacity turn-key solution for backhaul, fronthaul, and mid haul; switched filter banks; GaN amplifiers; custom filters products, including metal cavity, ceramic, combline, interdigital, lumped element, suspended substrate, waveguide, and thin-film filters; and custom combiner products. The company also offers interference mitigation filters; transmit and receive modules; microwave and mmWave transceivers; front end modules, such as power amplifiers, low noise amplifiers, switches, filters, power detectors, baluns, and other products; ceramic, combline, lumped element, metal cavity, suspended substrate, thin film, and small cell filters; waveguide diplexers; and cross-band and in band combiners. In addition, it provides contract design and microelectronic manufacturing services, RF design and testing, and process engineering services. The company was formerly known as Filtronic Comtek plc and changed its name to Filtronic plc in March 1998. Filtronic plc was founded in 1977 and is based in Sedgefield, the United Kingdom.
How the Company Makes MoneyFiltronic makes money through the design, manufacture, and sale of its RF communication products and solutions. The company's key revenue streams include the sale of its products to original equipment manufacturers (OEMs) and system integrators in various sectors, including telecommunications, aerospace, and defense. Filtronic also earns revenue from providing customized design and engineering services to meet specific customer needs. Strategic partnerships and long-term contracts with major players in these industries significantly contribute to its earnings, ensuring a steady demand for its specialized communication solutions.

Filtronic Financial Statement Overview

Summary
Filtronic exhibits strong financial health with substantial revenue growth, high profitability, and efficient cash flow management. The company maintains a low level of debt, which reduces financial risk. While the balance sheet is strong, continuous investment in capital expenditures should be monitored to ensure sustained cash flow efficiency.
Income Statement
85
Very Positive
Filtronic has shown strong revenue growth with a significant increase from £16.3M to £25.4M over the last year, representing a growth rate of approximately 56%. The company has also improved its profitability with a gross profit margin of 63.2% and a net profit margin of 12.3%. The EBIT and EBITDA margins are strong at 14.2% and 19%, respectively, indicating efficient operational management and profitability.
Balance Sheet
78
Positive
The balance sheet is robust with a debt-to-equity ratio of 0.2, indicating low leverage. The equity ratio stands at 58.6%, showcasing a solid equity base. With a return on equity of 21.2%, Filtronic effectively generates profit from its equity. However, the total liabilities are 41.4% of total assets, which is a point to monitor.
Cash Flow
81
Very Positive
The cash flow statement reflects strong cash generation with an impressive free cash flow growth rate. The operating cash flow to net income ratio of 2.01 and the free cash flow to net income ratio of 1.51 suggest that the company converts its earnings into cash efficiently. However, the capital expenditure has been increasing, which may impact future cash flows.
Breakdown
Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
25.43M16.27M17.05M15.56M17.18M
Gross Profit
16.07M10.28M11.41M2.63M9.10M
EBIT
3.61M237.00K1.98M828.00K-188.00K
EBITDA
4.84M1.33M3.31M1.58M527.00K
Net Income Common Stockholders
3.14M464.00K1.47M60.00K-1.96M
Balance SheetCash, Cash Equivalents and Short-Term Investments
7.21M2.61M4.01M2.91M2.03M
Total Assets
25.27M18.09M16.44M14.61M17.34M
Total Debt
3.02M2.31M1.82M2.16M2.85M
Net Debt
-4.20M-295.00K-2.19M-747.00K822.00K
Total Liabilities
10.45M6.54M5.40M5.25M7.99M
Stockholders Equity
14.81M11.54M11.04M9.36M9.35M
Cash FlowFree Cash Flow
4.76M-581.00K2.04M1.72M-3.88M
Operating Cash Flow
6.33M950.00K2.29M2.13M-2.64M
Investing Cash Flow
-1.57M-1.52M-250.00K-392.00K2.41M
Financing Cash Flow
-228.00K-840.00K-964.00K-704.00K-353.00K

Filtronic Technical Analysis

Technical Analysis Sentiment
Positive
Last Price96.00
Price Trends
50DMA
102.63
Negative
100DMA
94.24
Positive
200DMA
82.89
Positive
Market Momentum
MACD
-2.15
Negative
RSI
48.39
Neutral
STOCH
73.95
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 96 is above the 20-day moving average (MA) of 95.05, below the 50-day MA of 102.63, and above the 200-day MA of 82.89, indicating a neutral trend. The MACD of -2.15 indicates Negative momentum. The RSI at 48.39 is Neutral, neither overbought nor oversold. The STOCH value of 73.95 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

Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
GBFTC
78
Outperform
£210.24M20.1758.61%159.75%
77
Outperform
£166.96M27.1119.61%3.99%10.32%1.25%
GBRNO
75
Outperform
£103.83M6.3027.26%1.08%-6.48%
59
Neutral
$10.72B10.22-6.67%3.02%7.42%-11.38%
GBLPA
53
Neutral
£6.94M7.61-2.03%1.74%8.45%-137.73%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:FTC
Filtronic
96.00
42.00
77.78%
GB:IQE
IQE plc
8.90
-20.00
-69.20%
GB:LPA
LPA Group plc
52.50
-11.50
-17.97%
GB:RNO
Renold plc
46.10
-1.96
-4.08%
GB:TSTL
Tristel
350.00
-103.56
-22.83%
GB:TTG
TT Electronics
75.10
-97.61
-56.52%

Filtronic Corporate Events

Business Operations and Strategy
Filtronic Secures Contract for ESA and Viasat’s 5G Satellite Network
Positive
Apr 24, 2025

Filtronic has secured a new contract to develop feeder link technology for the European Space Agency and Viasat’s Direct-to-Device initiative, aimed at delivering 5G non-terrestrial services directly to handheld devices. This collaboration, part of ESA’s ARTES 4.0 program, will see Filtronic working on high-throughput satellite communications, enhancing both uplink and downlink transmissions. The project builds on previous collaborations and is supported by the UK Space Agency, positioning Filtronic as a key player in the future of global connectivity and space-based communications.

Spark’s Take on GB:FTC Stock

According to Spark, TipRanks’ AI Analyst, GB:FTC is a Outperform.

Filtronic’s strong financial performance, characterized by significant revenue growth and robust profitability, is the most substantial factor in its positive stock evaluation. The strategic partnership and contract with SpaceX further enhance its market outlook. While technical indicators present a mixed picture, the company’s reasonable valuation and positive corporate developments contribute to a favorable overall score.

To see Spark’s full report on GB:FTC stock, click here.

Other
Filtronic CFO Transfers Shares into ISA
Neutral
Apr 9, 2025

Filtronic plc announced that its Chief Financial Officer, Michael Tyerman, has transferred shares into his ISA by selling 4,163 Ordinary Shares at 82.4 pence and purchasing 4,131 Ordinary Shares at 82.9 pence. This transaction results in Mr. Tyerman holding 398,631 Ordinary Shares, which constitutes 0.18% of the company’s total issued share capital.

Spark’s Take on GB:FTC Stock

According to Spark, TipRanks’ AI Analyst, GB:FTC is a Outperform.

Filtronic’s strong financial performance and positive corporate events, notably the expansion with SpaceX, underpin its robust position in the industry. While technical indicators suggest short-term caution, the company’s strategic moves and reasonable valuation provide a solid foundation for future growth. Monitoring capital expenditures will be crucial to maintain cash flow efficiency.

To see Spark’s full report on GB:FTC stock, click here.

Other
Filtronic Announces Share Transfer by CFO’s Spouse
Neutral
Apr 8, 2025

Filtronic plc announced a transaction involving the transfer of shares by the wife of its Chief Financial Officer, Michael Tyerman. The transaction involved the sale and purchase of 4,500 Ordinary Shares at 77 pence each, transferred into an ISA, with no change to Michael Tyerman’s beneficial interest in the company.

Spark’s Take on GB:FTC Stock

According to Spark, TipRanks’ AI Analyst, GB:FTC is a Outperform.

Filtronic’s strong financial performance and positive corporate events, notably the expansion with SpaceX, underpin its robust position in the industry. While technical indicators suggest short-term caution, the company’s strategic moves and reasonable valuation provide a solid foundation for future growth. Monitoring capital expenditures will be crucial to maintain cash flow efficiency.

To see Spark’s full report on GB:FTC stock, click here.

Other
Filtronic CEO Increases Stake with Share Purchase
Positive
Apr 2, 2025

Filtronic plc announced that its CEO, Nat Edington, has purchased 26,334 ordinary shares in the company, increasing his total beneficial interest to 113,734 shares. This transaction, conducted on the London Stock Exchange, reflects the CEO’s confidence in the company’s future prospects and could positively influence stakeholder perception and market positioning.

Other
Filtronic Executives Adjust Share Holdings
Neutral
Mar 27, 2025

Filtronic plc announced recent transactions involving its top executives. CEO Nat Edington purchased 87,400 ordinary shares, while CFO Michael Tyerman sold 336,000 shares. These transactions reflect changes in the personal investments of the company’s leadership, potentially impacting perceptions of the company’s market position and stakeholder interests.

Product-Related AnnouncementsBusiness Operations and Strategy
Filtronic Strengthens Partnership with SpaceX for Starlink Expansion
Positive
Mar 19, 2025

Filtronic has expanded its strategic agreement with SpaceX, enhancing its role in supplying advanced E-band SSPA modules for the Starlink constellation. This development signifies SpaceX’s confidence in Filtronic’s technology, potentially boosting Filtronic’s market expectations and strengthening its industry positioning.

Other
Filtronic PLC Announces Change in Major Shareholdings
Neutral
Mar 5, 2025

Filtronic PLC announced a change in major holdings as David and Monique Newlands have adjusted their voting rights in the company. The notification reveals a decrease in their total voting rights from 11.956% to 10.974%, impacting the company’s shareholder structure and potentially influencing future corporate decisions.

Business Operations and StrategyRegulatory Filings and Compliance
Filtronic PLC Announces Shift in Major Shareholder Voting Rights
Neutral
Feb 13, 2025

Filtronic PLC has reported a change in the voting rights of its shares, with Canaccord Genuity Group Inc. now holding 9.8183% of the voting rights. This adjustment follows the crossing of a threshold on February 12, 2025, reflecting a decrease from a previous position of 10.6859%. This change could impact the company’s governance dynamics and indicates a potential shift in stakeholder influence within the company’s operations.

Business Operations and StrategyFinancial Disclosures
Filtronic Secures Major Contract with SpaceX
Positive
Feb 10, 2025

Filtronic plc announced a significant contract win valued at $20.9 million with SpaceX, set to boost the company’s revenue and profit beyond market expectations for FY2025 and FY2026. The contract highlights Filtronic’s strong reputation for high-performance RF solutions and is expected to enhance its strategic market momentum.

Business Operations and StrategyFinancial Disclosures
Filtronic PLC Reports Significant Revenue Growth and Strategic Expansion
Positive
Feb 4, 2025

Filtronic PLC reported a significant financial turnaround in its half-year results, with revenues rising from £8.5 million to £25.6 million and a swing from a loss to a profit of £6.7 million. The company attributes this growth to strong order inflow, particularly from its partnership with SpaceX, and strategic investments in technology and production capacity. Filtronic is also expanding its engineering team and enhancing its manufacturing capabilities to meet growing demand, positioning itself for continued growth in the space and defense markets.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.