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Filtronic PLC (DE:FTI)
FRANKFURT:FTI

Filtronic (FTI) Price & Analysis

7 Followers

FTI Stock Chart & Stats

€3.22
€0.28(9.52%)
At close: 4:00 PM EDT
€3.22
€0.28(9.52%)

Bulls Say, Bears Say

Bulls Say
Sustained Revenue TurnaroundFiltronic delivered a multi-year revenue recovery with sharp growth through 2025, indicating successful commercial traction. Durable program ramps and expanding product adoption underpin revenue base, improving operating leverage and supporting longer-term investment in product development and capacity.
Conservative Balance SheetLow debt levels (debt-to-equity roughly 0.10–0.23) and rising equity provide financial flexibility. This conservatism reduces refinancing risk, allows funding of R&D and capacity needs, and helps absorb cyclical dips in telecom and defense programs over a multi-quarter horizon.
Specialist RF/mmWave Market PositionFiltronic's specialist engineering and manufacturing in RF, microwave and mmWave targets telecom infrastructure and aerospace/defence end markets. High technical barriers, long qualification cycles and bespoke subsystems create customer stickiness and allow sustained margin capture for differentiated products.
Bears Say
Profitability Step-down In 2026A sharp margin decline from ~25% to ~8% materially reduces returns and indicates earnings normalization. Lower sustained margins constrain reinvestment capacity, make ROE more sensitive to revenue swings, and increase the risk that a future downturn will quickly erode profitability.
Weak Free-cash-flow ConversionFree cash flow converting at only ~11% of net income in 2026 signals poor cash quality versus reported profits. Weak FCF conversion limits the firm's ability to self-fund R&D, capex, or absorb program delays, increasing reliance on external funding during adverse cycles.
Earnings And Cash VolatilityThe history of negative FCF in 2023, strong rebounds, then sharp declines in 2026 highlights material volatility. Such swings undermine forecasting reliability, complicate resource allocation for production ramps, and raise the risk premium customers and suppliers factor into long-term contracts.

Filtronic News

FTI FAQ

What was Filtronic PLC’s price range in the past 12 months?
Filtronic PLC lowest stock price was €1.26 and its highest was €6.90 in the past 12 months.
    What is Filtronic PLC’s market cap?
    Filtronic PLC’s market cap is €602.99M.
      When is Filtronic PLC’s upcoming earnings report date?
      Filtronic PLC’s upcoming earnings report date is Feb 09, 2027 which is in 165 days.
        How were Filtronic PLC’s earnings last quarter?
        Filtronic PLC released its earnings results on Aug 04, 2026. The company reported €0.011 earnings per share for the quarter, missing the consensus estimate of N/A by N/A.
          Is Filtronic PLC overvalued?
          According to Wall Street analysts Filtronic PLC’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Filtronic PLC pay dividends?
            Filtronic PLC does not currently pay dividends.
            What is Filtronic PLC’s EPS estimate?
            Filtronic PLC’s EPS estimate for its next earnings report is not yet available.
            How many shares outstanding does Filtronic PLC have?
            Filtronic PLC has 219,942,720 shares outstanding.
              What happened to Filtronic PLC’s price movement after its last earnings report?
              Filtronic PLC reported an EPS of €0.011 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went up 2.899%.
                Which hedge fund is a major shareholder of Filtronic PLC?
                Currently, no hedge funds are holding shares in DE:FTI
                What is the TipRanks Smart Score and how is it calculated?
                Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                  Company Description

                  Filtronic PLC

                  Filtronic plc, established in Sedgefield, United Kingdom, in 1977, is a global leader in the design, development, manufacturing, and distribution of sophisticated radio frequency (RF) communications equipment. The company delivers its specialized solutions to vital market sectors, including telecommunications infrastructure, aerospace and defense, and critical communications, serving clients across the United Kingdom, Europe, the Americas, and other international regions. Its comprehensive product line features high-performance components such as the Morpheus II e-band transceiver module and Cerus, a robust power amplifier designed for extended-range e-band communications. Filtronic also supplies tower top amplifiers and Orpheus, a complete, ultra-high-capacity system for backhaul, fronthaul, and mid-haul connectivity. Further offerings include switched filter banks, GaN amplifiers, and a diverse range of custom filters, encompassing types like metal cavity, ceramic, combline, interdigital, and waveguide filters, alongside custom combiner products. The company additionally provides interference mitigation filters, transmit and receive modules, microwave and mmWave transceivers, and integrated front-end modules containing elements such as power amplifiers, low noise amplifiers, switches, and filters. Specific filter types like ceramic, combline, lumped element, and small cell filters are also available, alongside waveguide diplexers and various cross-band and in-band combiners. Beyond its product portfolio, Filtronic offers a suite of professional services, including contract design, microelectronic manufacturing, RF design and testing, and process engineering. The company operated under the name Filtronic Comtek plc until March 1998, when it adopted its current designation.

                  Filtronic (FTI) Earnings & Revenues

                  FTI Stock 12 Month Forecast

                  Average Price Target

                  €5.13
                  ▲(59.23% Upside)
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