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Drone Volt

CR 		Bloomberg   ALDRV FP
Aerosp. & Defence Equipt.  /  France  Web Site   |   Investors Relation
Banking on services and an expansion in the US
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
  • First orders for the European-made drone Kobra signal a potential game-changer following the ban on Chinese drones in the West for critical infrastructure and high-security applications
  • A potential NASDAQ listing could trigger a rerating of the stock given better valuation prospects for higher growth companies there
Cons
  • Still nascent market, displaying high potential growth, but little visibility on contract timings and overall adoption of this technology
  • The company is still unprofitable but could reach a positive EBITDA in 2026
  • Supplier risk for distribution segment, heavily exposed to Chinese players, although the dependency risk has reduced as it is no longer a focus for the company
Updates
07/05/26 EPSOur adjusted net profit for 2025 landed €...
16/04/26 EarningsQ1 26 figures: A business model change ...
30/03/26 EPSWe have included the new partial elemen...
19/03/26 EarningsA FY25 transition year burdened by non-...
09/02/26 EPSWe have updated our figures to include t...
21/01/26 EarningsA FY25 transitional year with a sense of ...
09/12/25 M&A /Corp.A rerating in sight with potential Nasdaq li...
03/11/25 EPSOur EPS forecast for 2026 has suffered fr...
03/11/25 NAVOur NAV has been impacted by the 12m i...
03/11/25 DCFOur DCF has been impacted by the 12m i...
16/10/25 EPSWe have slightly reduced our assumption...
16/10/25 DCFOur DCF was impacted by the slight dow...
16/10/25 EarningsSlightly disappointing Q3 results, but c...
19/09/25 EarningsPositive EBITDA objective still in sight de...
18/07/25 EarningsH1 25: Change in business model enacted
11/07/25 EPSOur EPS forecast for 2025 has benefitted...
11/07/25 NAVOur NAV has been impacted by the 15.9...
11/07/25 DCFOur DCF has been impacted by the 15.9...
11/07/25OpinionBuy vs Add
08/07/25OpinionAdd vs Sell
08/07/25 EPSOur EPS forecast for 2025 has been upgr...
08/07/25 NAVWe have updated our NAV to take into ac...
08/07/25 DCFOur DCF has been updated to take into a...
07/05/25 EPSOur EPS for 2024 was impacted by the lo...
22/04/25 DCFWe have updated our DCF to include the ...
17/04/25 EarningsQ1 '25: A confirmed change in business ...
31/03/25 EPSOur 2025 EPS forecast has benefited fro...
31/03/25 NAVOur NAV has been impacted by the c.18...
31/03/25 DCFOur DCF has been impacted by the c.18...
25/03/25 EPSOur EPS for 2024 have been affected pri...
25/03/25 NAVWe have updated our NAV to take into ac...
25/03/25 DCFOur DCF has been updated to take into a...
24/03/25 EarningsA better-looking FY24 release than it see...
17/01/25 EPSWe have integrated the sales and gross ...
17/01/25 NAVOur NAV is similarly affected by the 50% ...
17/01/25 DCFOur DCF is mainly impacted by the 50% i...
16/01/25 EarningsFY 24: A rapid strategic change undertaken
17/10/24 EarningsDecent Q3 results
24/09/24 EarningsDrone Volt unveiled promising H1 24 res...
16/07/24 TargetOur target price has been reduced due to...
16/07/24 DCFDue to the lower forecasted EBITDA gen...
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...
Key Data
Target
Upside 57.1%
Price (€) 0.43
Target Price (€) 0.68
Market Cap (€M) 33.3
Perf. 1W: -4.23%
Perf. 1M: -9.28%
Perf. 3M: -22.8%
Perf Ytd: -36.4%
10 day relative perf. to stoxx600: -6.36%
20 day relative perf. to stoxx600: -10.2%
Key Indicators