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
Banking on services and European roots
Target
Upside 80.0%
Price (€) 0.48
Target Price (€) 0.87
Market Cap (€M) 20.2
Perf. 1W: -2.03%
Perf. 1M: -6.13%
Perf. 3M: 90.1%
Perf Ytd: 37.4%
10 day relative perf. to stoxx600: -9.08%
20 day relative perf. to stoxx600: -10.7%
DCF Change22/04/2025 16:18
Download

Change in DCF€ 1.16 vs 1.32-12.2%

We have updated our DCF to include the faster-than-previously-expected decline in the distribution segment. We now forecast a 85% decline to €4.2m over 2025 compared to our previous forecast of a 70% decline to €8.5m. This has affected our EBITDA sequence for 2025 and beyond (c.€100-500k) as we have not changed our growth assumptions going forward, and thus our FCF for these years.
Updates

07 May 25 EPS change
Our EPS for 2024 was impacted by the lower n...

22 Apr 25 DCF Change
We have updated our DCF to include the faster...

17 Apr 25 Earnings/sales releases
Q1 '25: A confirmed change in business model

31 Mar 25 Target Change
Our 2025 EPS forecast has benefited from the ...

25 Mar 25 Target Change
Our EPS for 2024 have been affected primarily ...

24 Mar 25 Earnings/sales releases
A better-looking FY24 release than it seems

17 Jan 25 Target Change
Integrating the FY24 trading update

16 Jan 25 Earnings/sales releases
FY 24: A rapid strategic change undertaken

17 Oct 24 Earnings/sales releases
Decent Q3 results

24 Sep 24 Earnings/sales releases
Drone Volt unveiled promising H1 24 results

.