AAC Clyde Space (MKC0) Stock Price & Analysis
MKC0 Stock Chart & Stats
- Day’s Range
- EUR 9.11 - EUR 9.56
- 52-Week Range
- EUR 6.67 - EUR 16.72
- Previous Close
- EUR 9.82
- Volume
- 0
- Average Volume (3M)
- 5
- Market Cap
- EUR 76.95M
- Enterprise Value
- EUR 828.47M
- Total Cash (Recent Filing)
- EUR 126.92M
- Total Debt (Recent Filing)
- EUR 21.65M
- Price to Earnings (P/E)
- ―
- Beta
- 1.18
- Next Earnings
- Nov 12, 2026 (Est.)
- EPS Estimate
- -0.02
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Strong Backlog And Revenue Visibility
An order backlog approaching SEK 1.2 billion provides meaningful visibility into future activity and supports planning across multiple quarters. This backlog can help sustain revenue execution, improve resource utilization, and create a foundation for scaling the company’s satellite and space-services operations.
Improving Revenue And Gross Margin
Revenue growth combined with a substantial gross-margin recovery indicates improving commercial execution, pricing, mix, or cost control. If maintained, this progress can strengthen the economics of satellite platforms and services, support reinvestment, and move the business closer to durable operating leverage.
Conservative Balance Sheet
Very low leverage gives AAC Clyde Space financial flexibility while it funds satellite programs and expands space-based services. A strong equity-funded capital structure reduces interest burden and refinancing pressure, allowing management to prioritize strategic investment and absorb execution volatility more effectively.
Bears Say
Persistent Operating Losses
Despite better revenue and gross margin, the company has not yet converted growth into sustainable profitability. Continued EBIT and net losses limit internal capital formation, weaken returns on shareholder equity, and leave future performance dependent on achieving the targeted improvement in operating leverage.
Negative Free Cash Flow
Negative free cash flow shows that AAC Clyde Space is not yet consistently self-funding after investment requirements. Although operating cash flow improved, ongoing cash outlays can constrain strategic flexibility, increase reliance on external funding, and make it harder to convert reported growth into durable shareholder value.
Contract Concentration And Execution Exposure
Heavy dependence on Sterna and other major programs increases the effect of contract timing, customer decisions, and project execution on reported results. Concentration can make revenue uneven and amplify the impact of delays, while large constellation opportunities may add further pressure to commercial outcomes.
AAC Clyde Space News
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Company Description
AAC Clyde Space
Headquartered in Uppsala, Sweden, and established in 2005, AAC Clyde Space AB (publ) specializes in delivering comprehensive solutions and services to the global small satellite industry. The company's reach extends across Sweden, the UK, continental Europe, the United States, and Asia. Its extensive product portfolio includes command and data processing systems, power management units (batteries, electrical power systems, solar arrays), advanced laser and radio communication modules, lightweight structural components, and propulsion mechanisms. They also supply various payloads and complete plug-and-play systems for satellite attitude determination and control. Beyond hardware, AAC Clyde Space offers a "space as a service" model, providing data subscriptions, delivery, customer portal access, insurance coverage, and data protection. Furthermore, the company operates the EPIC spacecraft platform. Their diverse client base encompasses governmental bodies, commercial enterprises, and academic institutions. The company rebranded to AAC Clyde Space AB (publ) in November 2019, having previously operated as ÅAC Microtec AB (publ).
- Sector
- Industrials
- Industry
- Aerospace & Defense
- CEO
- Luis Gomes
- Employees
- 207
- Website
- www.aac-clyde.space
- Address
- Uppsala Science Park, Uppsala, UP, 751 83, SE
AAC Clyde Space (MKC0) Earnings & Revenues
MKC0 Earnings Call
Earnings Call SentimentPositive
The call conveyed a generally positive operational and financial quarter: strong net sales growth (~51%), positive EBITDA (SEK 10.7m), a healthy order backlog (approaching SEK 1.2bn), progress on strategic contracts (Sterna, INFLECION, SKAO) and the start of revenue timing for VIREON in Q3. Key risks mentioned include revenue concentration on a few large contracts, margin pressure on very large constellation procurements (leading the company to walk away from some bids), and schedule/customer-dependency for programs like SKAO. On balance the achievements, confirmed guidance, and backlog provide a constructive near-term outlook despite the noted commercial and timing risks.
View all DE:MKC0 earnings summariesTechnical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 10 | 2 | 10 |
| Technical Analysis | 4 | 2 | 4 |
| Moving Averages | 6 | 0 | 6 |
