Employees: 737
Size Firan Technology (FTG.TO) is a Canada Information Technology company (Electronic Components) with a market value of $585M, the 320th largest of 420 Canada companies the cockpit tracks. Shares closed at C$32.56 on 6 Nov 2026.
Performance Over six months the shares gained 55.4%, against -25.3% for the median peer and +5.2% for the Canada market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 17.4% over the last twelve months (peer median +18.1%); the operating margin is 12.0% (peer median 2.3%).
Valuation It trades at 27.9× forward earnings against a peer median of 29.2× (7th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 25% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is +12 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 5.1 points above its cost of capital (10.0% WACC).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$213M | C$189M | C$162M | C$135M | C$89.4M |
| Revenue growth | — | +17% | +20% | +51% | — |
| Gross profit | C$72.7M | C$57.0M | C$43.8M | C$38.7M | C$20.6M |
| EBITDA | C$36.3M | C$29.8M | C$25.0M | C$21.6M | C$7.36M |
| Net income | C$22.2M | C$13.1M | C$10.8M | C$11.6M | C$698,000 |
| Free cash flow | C$20.6M | C$12.9M | C$6.88M | C$4.77M | C$7.47M |
| Capital expenditure | C$5.22M | C$4.60M | C$7.25M | C$6.53M | C$3.79M |
| Total debt | C$22.6M | C$32.1M | C$27.6M | C$29.4M | C$11.7M |
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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 | FTG.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +28.1% | -14.5% | highest of 21 |
| 6-month return | +55.4% | -25.3% | 2nd highest of 21 |
| Distance from 52-week high | -11.1% | -49.8% | highest of 21 |
| Revenue growth (TTM) | +17.4% | +18.1% | 10th lowest of 21 |
| Operating margin | 12.0% | 2.3% | 4th highest of 21 |
| Forward P/E | 27.9× | 29.2× | 7th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 24.6% | 34.7% | 4th least demanding of 10 |
| Growth delivered (Del g) | +13.0% | +4.0% | 2nd highest of 10 |
| Hurdle (Req g minus delivered) | +11.7 pp | +35.1 pp | 4th least demanding of 10 |
| ROIC minus cost of capital | +5.1 pp | -5.8 pp | 3rd highest of 21 |
| EV / EBITDA | 22.9× | 26.3× | 4th cheapest of 12 |
| Net debt / EBITDA | 0.3× | -0.1× | 6th most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Firan Technology FTG.TO | Canada | $585M | +55% | +17% | 12% | 27.9× | 24.6% | +13.0% |
| Jiaxing ZMAX Optech 688307.SS | China | $584M | -51% | +59% | 7% | 25.7× | n/a | n/a |
| Unionman Technology 688609.SS | China | $586M | -26% | +18% | -1% | 8.8× | 45.5% | +3.4% |
| GigaVis 420770.KS | South Korea | $583M | -40% | +176% | 26% | 25.1× | 34.7% | -5.1% |
| Lumibird LBIRD.PA | France | $589M | -4% | +8% | 11% | 26.9× | 18.6% | +12.2% |
| Vishay Precision VPG | United States | $589M | -34% | +12% | 2% | 31.9× | 52.2% | +2.6% |
| Samwha Capacitor 001820.KS | South Korea | $590M | +16% | +1% | 5% | 29.2× | 39.1% | +4.0% |
| Shinsung Delta Tech 065350.KS | South Korea | $572M | -51% | +10% | 3% | n/a | n/a | n/a |
| Chin-Poon Industrial 2355.TW | Taiwan | $568M | -9% | +1% | 4% | 23.3× | 7.2% | +0.6% |
| Foshan Nationstar Optoelectronics 002449.SZ | China | $557M | -24% | -17% | -6% | n/a | n/a | n/a |
| Episil Technologies 3707.TWO | Taiwan | $616M | -33% | +23% | -3% | 50.9× | n/a | n/a |
| Flexium Interconnect 6269.TW | Taiwan | $617M | -5% | +1% | -34% | 52.0× | n/a | n/a |
| Shaanxi Huada Science Technology 301517.SZ | China | $554M | -54% | -9% | -26% | n/a | n/a | n/a |
| WUS Printed Circuit 2316.TW | Taiwan | $549M | -15% | +24% | -11% | n/a | n/a | n/a |
| Tianjin Printronics Circuit 002134.SZ | China | $628M | -34% | +31% | 6% | n/a | n/a | n/a |
| Taiwan Chinsan Electronic Industrial 8042.TWO | Taiwan | $541M | +82% | +22% | 7% | 32.7× | n/a | n/a |
| Costar 002189.SZ | China | $642M | -22% | +18% | -14% | n/a | n/a | n/a |
| Smartoptics SMOP.OL | Norway | $530M | -8% | +45% | 14% | 42.5× | 15.2% | +19.1% |
| Union Optech 300691.SZ | China | $650M | -16% | +13% | 0% | n/a | n/a | n/a |
| Keystone Microtech 6683.TWO | Taiwan | $652M | -70% | +25% | 27% | 26.7× | 26.2% | +11.7% |
| Newonder Special Electric 301120.SZ | China | $654M | -39% | +22% | 1% | 91.7× | 56.0% | +4.2% |