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Firan Technology Group Corp T.FTG

Alternate Symbol(s):  FTGFF

Firan Technology Group Corporation is a Canada-based aerospace and defense electronics product and subsystem supplier to customers around the globe. The Company has two operating units: FTG Circuits and FTG Aerospace. FTG Circuits is a manufacturer of printed circuit boards within the global marketplace. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia, Minnetonka, Minnesota, Haverhill Massachusetts and a joint venture in Tianjin, China. FTG Aerospace manufactures and repairs illuminated cockpit panels, keyboards and electronic assemblies for original equipment manufacturers of aerospace and defense equipment. FTG Aerospace has operations in Toronto, Ontario, Chatsworth, California, and Tianjin, China. FTG Circuits products include high temperature rigid flex, rigid flex and assembly, and thermal management. FTG Aerospace products include aerospace chassis and assembly, backlit control panels, and backlit control panel assemblies.


TSX:FTG - Post by User

Bullboard Posts
Post by Scott27on Apr 20, 2016 9:34am
231 Views
Post# 24787966

Re: Acquisition

Re: AcquisitionAgreed. Given that fixed expenses are not expected to significantly increase and that 30% EBITDA contribution is achieved then, considering FTG's current trailing EDITDA in combination with the accretion from the Photo Etch acquisition, using a 9X to 10X EBITDA multiple would indicate an implicit FTG share price of +/- $5.10. As a comparable, the current MTSC (NASDAQ) PCB acquisition is being done at 9.8 times EDITDA. With expected increases in FTG revenue from both acquisitions and with the share float increasing by 16% this would indicate a 1.0 PSR. Not bad for a fast growing high tech entity like FTG. Another benefit of the acquisition is that, with the increased share float, FTG will no longer be considered "closely held" which definitely would contribute to increased interest in FTG on the part of potential investors.
Bullboard Posts