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Employees: 236
Size Filtronic (FTC.L) is a United Kingdom Information Technology company (Telecommunications Equipment) with a market value of $639M, the 269th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £212.00 on 6 Nov 2026.
Performance Over six months the shares fell 40.8%, against -28.0% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 1.4% over the last twelve months (peer median +19.3%); the operating margin is 7.2% (peer median -0.2%).
Valuation It trades at 72.5× forward earnings against a peer median of 25.0× (2nd most expensive of 11).
Price implies For today's price to make sense, revenue must grow about 59% a year for seven years (Req g). Recent delivered growth is +29%, so the hurdle is +30 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.2 points below its cost of capital (12.1% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £55.5M | £55.5M | £56.3M | £25.4M | £16.3M |
| Revenue growth | — | -1% | +121% | +56% | — |
| Gross profit | £7.52M | £7.52M | £18.0M | £6.66M | £2.38M |
| EBITDA | £7.80M | £6.67M | £15.1M | £4.94M | £1.16M |
| Net income | £4.56M | £4.56M | £14.0M | £3.14M | £464,000 |
| Free cash flow | £1.29M | £1.29M | £9.73M | £5.29M | -£271,000 |
| Capital expenditure | £12.8M | £12.8M | £5.79M | £1.57M | £1.53M |
| Total debt | n/a | £5.64M | £3.69M | £3.02M | £2.31M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FTC.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -34.0% | -7.9% | lowest of 21 |
| 6-month return | -40.8% | -28.0% | 5th lowest of 21 |
| Distance from 52-week high | -55.8% | -51.3% | 9th lowest of 21 |
| Revenue growth (TTM) | -1.4% | +19.3% | 6th lowest of 21 |
| Operating margin | 7.2% | -0.2% | 6th highest of 21 |
| Forward P/E | 72.5× | 25.0× | 2nd most expensive of 11 |
| Growth the price implies (Req g, 7 yrs) | 59.4% | 25.8% | most demanding of 6 |
| Growth delivered (Del g) | +29.0% | -10.4% | highest of 6 |
| Hurdle (Req g minus delivered) | +30.4 pp | +36.4 pp | 3rd least demanding of 6 |
| ROIC minus cost of capital | -3.2 pp | -5.7 pp | 9th highest of 21 |
| EV / EBITDA | 60.0× | 80.9× | 2nd cheapest of 4 |
| Net debt / EBITDA | -0.9× | -1.7× | 4th least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Filtronic FTC.L | United Kingdom | $639M | -41% | -1% | 7% | 72.5× | 59.4% | +29.0% |
| Guangzhou Hi-Target Navigation Tech 300177.SZ | China | $635M | -30% | -25% | -32% | n/a | 25.8% | -10.6% |
| Beijing Jiaxun Feihong Electrical 300213.SZ | China | $634M | -15% | -9% | -17% | 33.9× | 20.0% | -2.1% |
| GHT 300711.SZ | China | $650M | -26% | +29% | 14% | n/a | n/a | n/a |
| MeiG Smart Technology 3268.HK | Hong Kong | $628M | -30% | +31% | 7% | 16.2× | n/a | n/a |
| Zhejiang Shengyang Science & Technology 603703.SS | China | $624M | -26% | +38% | -3% | n/a | n/a | n/a |
| Queclink Wireless Solutions 300590.SZ | China | $619M | -39% | +37% | 9% | 35.7× | n/a | n/a |
| Chengdu M&S Electronics Technology 688311.SS | China | $618M | -32% | +66% | -22% | 52.3× | n/a | n/a |
| Frequency Electronics FEIM | United States | $679M | +3% | +6% | 8% | 51.7× | n/a | n/a |
| Sichuan Tianyi Comheart Telecom 300504.SZ | China | $685M | -1% | +17% | 3% | n/a | n/a | n/a |
| Sercomm 5388.TW | Taiwan | $591M | -19% | +34% | 3% | 9.3× | n/a | n/a |
| Suzhou Shijia Science & Technology 002796.SZ | China | $696M | -67% | -4% | -7% | n/a | 38.8% | -10.4% |
| Creotech Instruments CRI.WA | Poland | $697M | +15% | +96% | 11% | 85.5× | n/a | n/a |
| H&R Century Union 000892.SZ | China | $699M | -4% | +21% | -52% | n/a | n/a | n/a |
| TPK 3673.TW | Taiwan | $701M | -9% | +1% | 0% | 12.5× | -14.1% | -11.3% |
| Beijing UniStrong Science & Technology 002383.SZ | China | $712M | -30% | -1% | -15% | n/a | n/a | n/a |
| Suzhou Keda Technology 603660.SS | China | $713M | -31% | -32% | -59% | n/a | n/a | n/a |
| Tatwah Smartech 002512.SZ | China | $567M | -16% | +32% | 0% | n/a | 36.0% | -2.6% |
| Gilat Satellite Networks GILT | United States | $554M | -63% | +39% | 5% | 12.1× | n/a | n/a |
| ShenZhen Consys Science & Technology 688788.SS | China | $746M | -41% | -22% | -173% | n/a | n/a | n/a |
| Skyworth 0751.HK | Hong Kong | $749M | -51% | +5% | 2% | 6.2× | n/a | n/a |