AlphaValue Corporate Services
COVERAGE ABOUT US CONTACT FR
This research has been commissioned and paid for by the company and does therefore not constitute an inducement caught by the prohibition under 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
12/07/24 EarningsH1 24: Encouraging trajectory
26/06/24 LatestEurosatory takeways
19/04/24 EarningsDrone Volt on the move
26/03/24 EarningsDrone Volt ready for new growth phase
30/01/24 EarningsNew annual sales record and new capital...
29/01/24 TargetWe have incorporated the impact of the d...
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...
Key Data
Target
Upside 183%
Price (€) 0.01
Target Price (€) 0.02
Market Cap (€M) 11.6
Perf. 1W: -14.3%
Perf. 1M: -7.04%
Perf. 3M: -15.4%
Perf Ytd: -34.0%
10 day relative perf. to stoxx600: -4.05%
20 day relative perf. to stoxx600: -11.0%
Key Indicators