AAC Clyde Space - Rapid expansion in New SpAACe
AAC Clyde Space is making strong progress, with healthy contributions from the three recent acquisitions helping to mitigate ongoing supply disruption, which continues to defer project completions. While this means current year revenue performance will be some 10% below our prior estimate, management indicates that the company is still on track to turn EBITDA positive next year and to attain the sales target of SEK500m in FY24. We maintain a cautious approach to valuation for a company yet to become self-financing; our updated capped DCF currently stand at SEK5.5/share.AAC Clyde Space AB, formerly AAC Microtec AB, is a Sweden-based company, which is primarily involved in the aerospace industry. The Company operates as a provider of space solutions and systems for commercial, governmental and educational purposes on the global market through its partner network and offices in Sweden, the United States and the United Kingdom. The Company specializes in small, purpose-built satellites, as well as sub-systems and components. The Company's customers include the European Space Agency (ESA), National Aeronautics and Space Administration (NASA), Orbcomm, Kepler Communications, NSLComm, KP Labs and Orbital Micro Systems, among others.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.