Added to YB: 2025-12-29
Pitch date: 2025-12-26
FTG.TO [neutral]
Firan Technology Group Corporation
+65.97%
current return
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
Firan Technology Group Corporation manufactures and sells aerospace and defense electronic products and subsystems in Canada, the United States, Asia, Europe China, internationally.
Market Cap
CAD 504.5M
Pitch Price
CAD 11.99
Price Target
N/A
Dividend
N/A
EV/EBITDA
16.16
P/E
37.81
EV/Sales
2.73
Sector
Electronic Equipment, Instruments and Components
Category
growth
Firan Technology Group (TSE: FTG)
FTG.TO: Aerospace electronics & PCBs for OEMs/defense. CEO w/ decade-long M&A discipline, $4M synergies realized, $20M capacity unlocked w/ $2M capex. ~10% organic growth 2026, high-single-digit thereafter on defense/Airbus strength. Margins expanding via mix shift, scale, pricing power. ~12% insider ownership (CEO 10%, age 66, 23yr tenure = key-man risk). 45-50% FCF conversion typical for sector. 8.2x EBITDA vs 4x two years ago, attractive given tailwinds & margin improvement.
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