Added to YB: 2026-05-18
Pitch date: 2026-05-14
FLTCF [bullish]
Filtronic plc
+12.38%
current return
Author Info
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Company Info
Filtronic plc designs, develops, manufactures, and sells radio frequency (RF) technology in the United Kingdom, Europe, the Americas, and rest of the world.
Market Cap
GBP 886.4M
Pitch Price
GBP 4.00
Price Target
26.90 (+498%)
Dividend
N/A
EV/EBITDA
72.12
P/E
96.09
EV/Sales
15.71
Sector
Communications Equipment
Category
growth
LONG 5x Stock Opportunity
FLTCF: RF/mmWave supplier for LEO sats; largest-ever £47.3M ($62.5M) SpaceX contract for GaN E-band SSPAs. FY25 rev £56.3M (+121% YoY), adj EBITDA £17M (+247%). New factory 6x capacity supports £200M+ rev potential. 90% FY26 locked; pipeline: 4 space customers, £13.4M EU defense, $8M US satcom. Base: £150-200M rev by 2028-30, 2-3x upside. Bull: £250-350M+ rev, £4-5B mkt cap = 5x+ from £835M current. Risk: customer concentration, execution, valuation stretched at 15x sales/90-110x P/E.
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