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Drone Volt

CR
Bloomberg   ALDRV FP
Aerosp. & Defence Equipt.  /  France  Web Site   |   Investors Relation
From product to service
Target
Upside 123%
Price (€) 0.02
Market Cap (€M) 7.26
Perf. 1W: -13.6%
Perf. 1M: -21.4%
Perf. 3M: -59.8%
Perf Ytd: -73.7%
10 day relative perf. to stoxx600: -18.9%
20 day relative perf. to stoxx600: -25.2%
EPS change19/04/2021

COVID-19 delays profit and growth

Change in EPS2021 : € 0.00 vs 0.01-62.7%
2022 : € 0.01 vs 0.03-78.2%

Dilution of shares has caused a slight decrease in absolute terms in the EPS in the years to come. In addition, the 2020 results came in below our previous expectations.



Change in NAV€ 0.36 vs 0.32+15.0%

The NAV has been augmented due to a better net cash forecast in the coming years. This is linked to the Aquiline Drones contract which we believe will generate more income than previously expected.



Change in DCF€ 0.44 vs 0.38+15.8%

Once again, the increase in our Aquiline Drones contract expectations has increased the bottom line directly, generating additional cash. The impact of this contract should boost the EBITDA growth for the coming years, and we have raised the EBITDA future growth rate from 5.5% to 7.5%. We believe this will offset the problems linked to the training activities, which were heavily impacted by the pandemic.



Updates

19 Apr 21 EPS change
COVID-19 delays profit and growth

22 Jan 21 Earnings/sales releases
Q4 20: sharper COVID-19 impact though the dy...

21 Jan 21 M&A /Corp. Action
Capital exchange with Aquiline Drones

15 Oct 20 Earnings/sales releases
Q3 20: strong rebound in Q3, further improvem...

12 Oct 20 Initiation cov.
The verge of a new era for Drones

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