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

Bloomberg   ALDRV FP
Aerosp. & Defence Equipt.  /  France  Web Site   |   Investors Relation
From distributor to service provider.
Upside 125%
Price (€) 0.01
Market Cap (€M) 15.4
Perf. 1W: -1.12%
Perf. 1M: -8.33%
Perf. 3M: -10.2%
Perf Ytd: -12.0%
10 day relative perf. to stoxx600: -2.34%
20 day relative perf. to stoxx600: -9.20%
Target Change29/01/2024

Change in Target Price€ 0.02 vs 0.02-10.4%

We have incorporated the impact of the dilution following the new capital increase of c.€2.5m, which is the main reason for the decrease in our target price. This impact was mitigated by forecasting higher growth in the drone as a service offer given its successful launch, as this service has higher margins than distribution.