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Currency in SEK
Last close As at 25/03/2023
SEK1.39
▲ −0.01 (−0.71%)
Market capitalisation
SEK287m
Headquartered in Sweden, AAC Clyde Space is a world leader in nanosatellite end-to-end solutions, subsystems, platforms, services and components, including supply to third parties. It has production and development operations in Sweden, Scotland, the Netherlands and the United States and a start-up in Africa.
AAC Clyde Space has a strong space heritage in small and nanosatellites. Over the next five years around 2,100 nanosats should be launched as technology development extends the applications for low earth orbit constellations, especially for communications. Its growing capabilities cover three revenue segments: SDaaS, Space Missions and Space Products. AAC Clyde Space aims to become a world leader in commercial small satellites and services from space.
Director, Industrials
Luis Gomes
CEO
Mats Thideman
CFO
Rolf Hallencreutz
Chairman of the board
Forecast net cash (SEKm)
25.5
Forecast gearing ratio (%)
N/A
| % | 1M | 3M | 12M |
|---|---|---|---|
| Actual | (4.6) | (1.0) | (35.6) |
| Relative | 0.0 | (5.1) | (28.3) |
| 52 week high/low | SEK2.4/SEK1.2 |
AAC Clyde Space continued to experience supply chain delays in Q422, which further constrained performance. An aborted acquisition also incurred an exceptional cost that depressed statutory profits. However, despite project delays, order intake has remained healthy. With an element of deferred revenue recovery adding to FY23 plans, management expects substantial growth, generating positive EBITDA and operating cash flow.
| Y/E Dec | Revenue (SEKm) | EBITDA (SEKm) | PBT (SEKm) | EPS (öre) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2021A | 180.0 | (12.4) | (27.0) | (14.34) | N/A | N/A |
| 2022A | 196.7 | (30.0) | (23.8) | (11.41) | N/A | N/A |
| 2023E | 355.1 | 21.9 | 0.6 | 0.28 | 503.6 | 16.9 |
| 2024E | 483.6 | 71.5 | 44.9 | 20.83 | 6.8 | 2.9 |
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