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Firan Technology Group Corp T.FTG

Alternate Symbol(s):  FTGFF

Technology
Firan Technology Group Corporation is a Canada-based aerospace and defense electronics product and subsystem supplier. The Company supplies its products to customers around the globe. The Company operates through two units: FTG Circuits and FTG Aerospace. FTG Circuits is a manufacturer of printed circuit boards standard rigid products, High-density interconnect (HDI), RF circuitry, Thermal management, Rigid flex and assembly. FTG produces boards utilizing traditional PCB manufacturing processes and a licensed Averatek's A-SAPTM Semi-additive process. FTG Circuits customers are in the aviation, defense and space industries. FTG Aerospace designs and manufactures Avionic sub-system hardware, including backlit control panels and assembly, integrated switch panels, MCDU keyboards, primary display bezels, cursor control devices and advanced control panel assembly LRUs. The Division's products are utilized in flight and simulated devices in commercial aero and defense platforms.


TSX:FTG - Post by User

Firan Technology Group Corp
Bullboard Posts
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Post by 93Darkhorse93on May 03, 2016 1:42pm
158 Views
Post# 24837572

For Sale: Relative Value

For Sale: Relative ValueFTG on a valuation basis is trading at too large of a discount even adjusting for a small cap discount to ignore.

Forward P/E - 10.2x (HRX - 19.8x, MAL - 11.9x)
Price/Sales - 0.6x (HRX - 1.4x, MAL - 1.1x)
ROE - 53.1% (HRX - 2.3%, MAL - 15.3%)

Just putting FTG on a 15x P/E put it at 3.3 SP.

Given Aerospace/Defense consolidation if it stays under 2.5 SP for considerable period of time I don't see how someone doesn’t kick the tires on it.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities