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

Drone Volt

CR
Bloomberg   ALDRV FP
Aerosp. & Defence Equipt.  /  France  Web Site   |   Investors Relation
Expansion in the Americas to increase profit
Pros
  • R&D effort to develop and commercialise in-house drone solutions and AI applications which will 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
  • New sources of profitable growth through royalty-based partnerships, providing both USA-made drone stamps of approval and credibility in power line inspection
Cons
  • Nascent market, displaying high potential growth, but little visibility on contract timings and overall adoption of this technology
  • Very fragmented market, with a myriad of competitors, inevitable need for market concentration (via acquisitions or bankruptcies)
  • Supplier risk for distribution segment, heavily exposed to Chinese DJI with a risk of dependency and limited pricing power
Target
Upside 43.1%
Price (€) 0.23
Market Cap (€M) 48.2
Perf. 1W: -4.90%
Perf. 1M: -14.4%
Perf. 3M: -14.7%
Perf Ytd: -16.9%
10 day relative perf. to stoxx600: -13.0%
20 day relative perf. to stoxx600: -9.35%