AlphaValue Corporate Services
COVERAGE ABOUT US CONTACT FR
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

Drone Volt

CR 		Bloomberg   ALDRV FP
Aerosp. & Defence Equipt.  /  France  Web Site   |   Investors Relation
From distributor to service provider.
Pros
  • R&D efforts to develop and commercialise in-house drone solutions and AI applications allow the company to improve its pricing power and profitability
  • Training is a key part of the strategy, where the development of a comprehensive regulatory framework should unleash demand for both drone and training
  • Implementing a Drone-as-a-service strategy which could become highly lucrative, especially if applied to its LineDrone which is expected to enter into service by 2023
Cons
  • Still nascent market, displaying high potential growth, but little visibility on contract timings and overall adoption of this technology
  • US growth hopes reset lower after US partner failed to fund its ambitions
  • Supplier risk for distribution segment, heavily exposed to Chinese players with a risk of dependency and limited pricing power
Updates
20/10/23 EarningsAmbivalent Q3 results
18/09/23 EarningsH1 23: the beginning of the awaited resur...
18/09/23 DCFOur DCF, and consequently the target pri...
17/07/23 EarningsH1 23: Strong growth backed by Drone V...
07/06/23 M&A /Corp.A capital increase to support a high-grow...
07/06/23 NAVDilution from the €4.9m capital increase d...
03/06/23OpinionBuy vs Add
25/04/23 EarningsDrone Volt confirms its annual targets aft...
24/04/23 NAVThe NAV has been negatively impacted d...
24/04/23 DCFThe DCF has increased, as we have upgr...
11/04/23 EarningsFY22: Take-off to double turnover
05/04/23OpinionAdd vs Buy
05/04/23 EPSThe downgrade to our EPS FY22 reflects...
05/04/23 NAVThe drop in the NAV valuation comes mai...
05/04/23 DCFThe FCF has taken a hit as the FY 2022 ...
15/02/23 LatestAnother record year for sales
24/10/22 EarningsQ3-22: massive momentum in distribution
12/10/22 EPSDrone Volt saw a significant increase in e...
12/10/22 NAVWe have reduced the NAV to account for ...
12/10/22 DCFDue the decreased profitability, we have r...
27/09/22 EarningsFrom product manufacturer to service pro...
26/07/22 EarningsH1 22: SKYTOOLS, another successful bet
18/05/22 Other newsCould the French government be a new ...
26/04/22 EarningsQ1 22: integration of the acquisitions is p...
24/03/22 TargetDespite the better than expected profitabi...
24/03/22 EPSAs mentioned previously, the profitability ...
24/03/22 NAVThe NAV has been negatively impacted d...
22/03/22 EarningsQ4 21: getting closer to break-even
01/02/22 EPSThe FY22 lowered EPS forecast is mainly...
01/02/22 NAVThe NAV has been slightly lowered due t...
01/02/22 DCFDue to the delay in the execution of the A...
28/01/22 EarningsQ4 21: best sales in its history
13/12/21 NAVAs the total number of shares will rise fro...
13/12/21 DCFDrone Volt has increased its capital by off...
08/12/21 EPSDrone Volt had signed two mega contract...
08/12/21 NAVAs we use EV/Sales multiples to value th...
08/12/21 DCFAs major contracts have been postponed,...
20/10/21 EarningsQ3 21: strong contract execution, as pro...
24/09/21 StrategyContracts signed in H1, cash expected in...
24/09/21 DCFDrone Volt has signed major contracts in ...
19/07/21 EarningsH1 21: strong growth in revenues, promis...
12/07/21 TargetDrone Volt has adopted a strategy to red...
12/07/21 NAVThe NAV has been negatively impacted b...
12/07/21 DCFEven if the cash generated through stock ...
24/06/21 M&A /Corp.Drone Volt sells 50% of Aerialtronics to p...
31/05/21 TargetThe target price has been slightly improv...
Key Data
Next release : 18/01/2024
Target
Upside 82.9%
Price (€) 0.01
Target Price (€) 0.02
Market Cap (€M) 14.6
Perf. 1W: -1.02%
Perf. 1M: -14.9%
Perf. 3M: -8.49%
Perf Ytd: 4.30%
10 day relative perf. to stoxx600: -4.69%
20 day relative perf. to stoxx600: -25.0%
Key Indicators