AlphaValue Corporate Services Fundamental Analysis FR
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AlphaValue Corporate Services
This research has been commissioned and paid for by the company and is deemed to constitute an acceptable minor non-monetary benefit as defined in MiFID II

Delta Drone

CR
Bloomberg   ALDR FP
Aerosp. & Defence Equipt.  /  France  Web Site   |   Investors Relation
Entering a new chapter
Pros
  • Professional drones are hot property again with an industry potential justifying $bn market caps in the US
  • Delta Drone launched in 2020 a set of new professional solutions all designed and integrated in-house, thereby grabbing more of the value chain
  • Half of the operations are already profitable, from which to leverage growth and exit legacy businesses
Cons
  • Professional drones offer high potential growth but little visibility due to an "in progress" body of regulations
  • Very fragmented market, with a myriad of competitors, inevitably calls for market concentration (via acquisitions or Chapter 11s)
  • Delta Drone may be constrained by its own production capacity, requiring extra capex and/or subcontracting
Target
Upside 104%
Price (€) 0.03
Market Cap (€M) 15.9
Perf. 1W: -5.56%
Perf. 1M: 9.68%
Perf. 3M: 3.03%
Perf Ytd: 3.42%
10 day relative perf. to stoxx600: 2.47%
20 day relative perf. to stoxx600: 6.64%