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Drone Volt

CR 		Bloomberg   ALDRV FP
Aerosp. & Defence Equipt.  /  France  Web Site   |   Investors Relation
Banking on services and European roots
Target
Upside 47.0%
Price (€) 0.84
Target Price (€) 1.23
Market Cap (€M) 47.7
Perf. 1W: -24.1%
Perf. 1M: 41.5%
Perf. 3M: 77.7%
Perf Ytd: 138%
10 day relative perf. to stoxx600: 7.62%
20 day relative perf. to stoxx600: 29.8%
Target Change31/03/2025 15:27
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Change in Target Price€ 0.92 vs 1.07-13.7%

Change in EPS2024 : € -0.59 vs -0.59
2025 : € -0.09 vs -0.12ns

Our 2025 EPS forecast has benefited from the higher average number of shares in 2025 (+9m to 39m) resulting from the €5m capital raising and the subsequent expected exercise of the share purchase warrants attached to these new shares, thus reducing the loss per share.
Change in NAV€ 1.07 vs 1.30-17.1%

Our NAV has been impacted by the c.18m increase in the number of shares to c.53m expected at year-end 2025, which has been partially offset by the higher level of net cash. Both these changes result from the €5m capital raising and the subsequent expected exercise of the share purchase warrants attached to these new shares, thus reducing the loss per share.
Change in DCF€ 1.35 vs 1.57-14.4%

Our DCF has been impacted by the c.18m increase in the number of shares to c.53m expected at year-end 2025 resulting from the €5m capital raising which has been partially offset by the higher level of net cash. Both these changes result from the €5m capital raising and the subsequent expected exercise of the share purchase warrants attached to these new shares, thus reducing the loss per share.
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