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AAC Clyde Space

OTCPK:ACCM.F
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ACCM.F
OTCPK
SEK298M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

AAC Clyde Space AB (publ) primarily provides solutions and services to the small satellite market in Sweden, the United Kingdom, and the United States. The last earnings update was 49 days ago. More info.


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ACCM.F Share Price and Events
7 Day Returns
0%
OTCPK:ACCM.F
-3.5%
US Aerospace & Defense
8%
US Market
1 Year Returns
-
OTCPK:ACCM.F
-16.7%
US Aerospace & Defense
-8.1%
US Market
ACCM.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AAC Clyde Space (ACCM.F) 0% 0% - - - -
US Aerospace & Defense -3.5% -17.7% -32.4% -16.7% -3.3% 18%
US Market 8% -4.5% -17.8% -8.1% 13.2% 23.7%
1 Year Return vs Industry and Market
  • No trading data on ACCM.F.
  • No trading data on ACCM.F.
Price Volatility
ACCM.F
Industry
5yr Volatility vs Market

Value

 Is AAC Clyde Space undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of AAC Clyde Space to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AAC Clyde Space.

OTCPK:ACCM.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:ACCM.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.851 (1 + (1- 22%) (5%))
0.922
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.922 * 5.44%)
6.76%

Discounted Cash Flow Calculation for OTCPK:ACCM.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AAC Clyde Space is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

OTCPK:ACCM.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.76%)
2020 -12.00 Analyst x1 -11.24
2021 -3.00 Analyst x1 -2.63
2022 14.00 Analyst x1 11.51
2023 23.20 Est @ 65.72% 17.86
2024 34.00 Est @ 46.53% 24.52
2025 45.24 Est @ 33.09% 30.56
2026 55.96 Est @ 23.69% 35.41
2027 65.53 Est @ 17.1% 38.84
2028 73.72 Est @ 12.49% 40.93
2029 80.55 Est @ 9.27% 41.89
Present value of next 10 years cash flows SEK227.00
OTCPK:ACCM.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK80.55 × (1 + 1.74%) ÷ (6.76% – 1.74%)
SEK1,633.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK1,633.55 ÷ (1 + 6.76%)10
SEK849.53
OTCPK:ACCM.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK227.00 + SEK849.53
SEK1,076.53
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK1,076.53 / 96.21
SEK11.19
OTCPK:ACCM.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:ACCM.F represents 0.15806x of OM:AAC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.15806x
Value per Share
(Listing Adjusted, USD)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 11.19 x 0.15806
$1.77
Value per share (USD) From above. $1.77
Current discount Discount to share price of $0.49
= -1 x ($0.49 - $1.77) / $1.77
72.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price AAC Clyde Space is available for.
Intrinsic value
>50%
Share price is $0.49 vs Future cash flow value of $1.77
Current Discount Checks
For AAC Clyde Space to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AAC Clyde Space's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • AAC Clyde Space's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AAC Clyde Space's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AAC Clyde Space's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ACCM.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK-0.48
OM:AAC Share Price ** OM (2020-02-24) in SEK SEK3.1
United States of America Aerospace & Defense Industry PE Ratio Median Figure of 39 Publicly-Listed Aerospace & Defense Companies 13.72x
United States of America Market PE Ratio Median Figure of 2,949 Publicly-Listed Companies 13.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AAC Clyde Space.

OTCPK:ACCM.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:AAC Share Price ÷ EPS (both in SEK)

= 3.1 ÷ -0.48

-6.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AAC Clyde Space is loss making, we can't compare its value to the US Aerospace & Defense industry average.
  • AAC Clyde Space is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does AAC Clyde Space's expected growth come at a high price?
Raw Data
OTCPK:ACCM.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
62.3%per year
United States of America Aerospace & Defense Industry PEG Ratio Median Figure of 31 Publicly-Listed Aerospace & Defense Companies 1.57x
United States of America Market PEG Ratio Median Figure of 2,009 Publicly-Listed Companies 0.9x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for AAC Clyde Space, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AAC Clyde Space's assets?
Raw Data
OTCPK:ACCM.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK4.84
OM:AAC Share Price * OM (2020-02-24) in SEK SEK3.1
United States of America Aerospace & Defense Industry PB Ratio Median Figure of 53 Publicly-Listed Aerospace & Defense Companies 1.71x
United States of America Market PB Ratio Median Figure of 5,163 Publicly-Listed Companies 1.29x
OTCPK:ACCM.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:AAC Share Price ÷ Book Value per Share (both in SEK)

= 3.1 ÷ 4.84

0.64x

* Primary Listing of AAC Clyde Space.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AAC Clyde Space is good value based on assets compared to the US Aerospace & Defense industry average.
X
Value checks
We assess AAC Clyde Space's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. AAC Clyde Space has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is AAC Clyde Space expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
62.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AAC Clyde Space expected to grow at an attractive rate?
  • Unable to compare AAC Clyde Space's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare AAC Clyde Space's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • AAC Clyde Space's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:ACCM.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ACCM.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 62.3%
OTCPK:ACCM.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 27.1%
United States of America Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 10.1%
United States of America Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:ACCM.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ACCM.F Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 172 19 -9 1
2021-12-31 172 8 -4 2
2020-12-31 125 -1 -20 2
2020-04-09
OTCPK:ACCM.F Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 69 -17 -41
2019-09-30 77 -29 -32
2019-06-30 73 -30 -39
2019-03-31 78 -41 -37
2018-12-31 79 -49 -43
2018-09-30 53 -45 -52
2018-06-30 46 -42 -41
2018-03-31 29 -32 -37
2017-12-31 17 -25 -27
2017-09-30 18 -18 -31
2017-06-30 22 -13 -27
2017-03-31 23 -12 -26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AAC Clyde Space is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • AAC Clyde Space's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:ACCM.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from AAC Clyde Space Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ACCM.F Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 -0.10 -0.10 -0.10 1.00
2021-12-31 -0.04 0.07 -0.15 2.00
2020-12-31 -0.21 -0.17 -0.24 2.00
2020-04-09
OTCPK:ACCM.F Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 -0.48
2019-09-30 -0.41
2019-06-30 -0.54
2019-03-31 -0.55
2018-12-31 -0.65
2018-09-30 -0.93
2018-06-30 -0.87
2018-03-31 -0.98
2017-12-31 -0.86
2017-09-30 -1.35
2017-06-30 -1.65
2017-03-31 -2.57

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if AAC Clyde Space will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess AAC Clyde Space's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AAC Clyde Space has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has AAC Clyde Space performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AAC Clyde Space's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • AAC Clyde Space does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare AAC Clyde Space's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare AAC Clyde Space's 1-year growth to the US Aerospace & Defense industry average as it is not currently profitable.
Earnings and Revenue History
AAC Clyde Space's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AAC Clyde Space Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ACCM.F Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 69.41 -40.56 75.44
2019-09-30 76.99 -31.74 74.92
2019-06-30 72.70 -38.50 73.86
2019-03-31 78.01 -37.48 68.59
2018-12-31 79.37 -42.68 76.03
2018-09-30 53.42 -52.47 66.28
2018-06-30 45.80 -41.07 55.39
2018-03-31 29.33 -37.15 50.76
2017-12-31 17.23 -27.32 33.54
2017-09-30 17.67 -30.52 32.80
2017-06-30 22.48 -26.99 32.93
2017-03-31 23.43 -26.22 33.93
2016-12-31 26.19 -24.32 34.23
2016-09-30 29.89 -17.43 33.86
2015-12-31 24.39 -19.52 33.40
2014-12-31 23.60 -17.63 32.18
2013-12-31 37.25 -1.84 26.77

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if AAC Clyde Space has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if AAC Clyde Space has efficiently used its assets last year compared to the US Aerospace & Defense industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if AAC Clyde Space improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess AAC Clyde Space's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AAC Clyde Space has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is AAC Clyde Space's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up AAC Clyde Space's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AAC Clyde Space is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AAC Clyde Space's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AAC Clyde Space's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 140.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AAC Clyde Space Company Filings, last reported 3 months ago.

OTCPK:ACCM.F Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 466.10 0.77 52.38
2019-09-30 470.82 0.76 59.55
2019-06-30 474.09 0.76 73.66
2019-03-31 419.04 6.16 10.12
2018-12-31 412.06 1.36 12.24
2018-09-30 423.88 1.38 20.61
2018-06-30 438.69 1.54 38.65
2018-03-31 455.47 1.68 53.62
2017-12-31 45.85 2.02 37.20
2017-09-30 52.49 2.02 45.30
2017-06-30 58.91 2.02 53.62
2017-03-31 64.90 2.02 60.44
2016-12-31 70.33 4.23 77.71
2016-09-30 0.14 14.76 2.56
2015-12-31 -3.47 21.40 0.36
2014-12-31 0.29 11.85 0.82
2013-12-31 0.45 13.88
  • AAC Clyde Space's level of debt (0.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (4308.6% vs 0.2% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • AAC Clyde Space has sufficient cash runway for 1.8 years based on current free cash flow.
  • Unable to confirm if AAC Clyde Space has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess AAC Clyde Space's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AAC Clyde Space has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is AAC Clyde Space's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from AAC Clyde Space dividends. Estimated to be 0% next year.
If you bought $2,000 of AAC Clyde Space shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate AAC Clyde Space's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate AAC Clyde Space's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:ACCM.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1933 Stocks 2.8%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:ACCM.F Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2020-04-09

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as AAC Clyde Space has not reported any payouts.
  • Unable to verify if AAC Clyde Space's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of AAC Clyde Space's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as AAC Clyde Space has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of AAC Clyde Space's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess AAC Clyde Space's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AAC Clyde Space afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AAC Clyde Space has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of AAC Clyde Space's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Luis Gomes
AGE 48
TENURE AS CEO 0.9 years
CEO Bio

Mr. Luis Gomes has been the Chief Executive Officer at ÅAC Microtec AB (publ) since May 7, 2019 and is its Acting VP of Business Development since November 6, 2019. Mr. Gomes was Commercial Director at Surrey Satellite Technology Limited since October 7, 2016 and served as its Director of Earth Observation and Science until October 7, 2016. Mr. Gomes was a Director of Surrey Satellite Technology Limited until October 7, 2016. He holds a degree in Applied Physics from the University of Lisbon and an MSc in Satellite Engineering from the University of Surrey.

CEO Compensation
  • Insufficient data for Luis to compare compensation growth.
  • Insufficient data for Luis to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the AAC Clyde Space management team in years:

1.1
Average Tenure
46
Average Age
  • The average tenure for the AAC Clyde Space management team is less than 2 years, this suggests a new team.
Management Team

Luis Gomes

TITLE
CEO & Acting VP of Business Development
AGE
48
TENURE
0.9 yrs

Mats Thideman

TITLE
Deputy CEO & CFO
COMPENSATION
SEK1M
AGE
56

John Charlick

TITLE
Chief Operating Officer
AGE
46
TENURE
0.3 yrs

Andrew Strain

TITLE
Chief Technology Officer
AGE
38
TENURE
1.3 yrs

Mattias Örth

TITLE
Head of the Project Department
AGE
38
TENURE
8.3 yrs

Stefan Stralsjo

TITLE
Chief Development Officer
AGE
47
TENURE
7.3 yrs

Dan Ohlsson

TITLE
Head of the Quality Control
AGE
39

Craig Clark

TITLE
Chief Strategy Officer
AGE
46

Ross Lang

TITLE
Head of Finance-UK
AGE
39
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the AAC Clyde Space board of directors in years:

5.8
Average Tenure
57
Average Age
  • The tenure for the AAC Clyde Space board of directors is about average.
Board of Directors

Rolf Hallencreutz

TITLE
Chairman of the Board
COMPENSATION
SEK959K
AGE
69
TENURE
6.3 yrs

Per Aniansson

TITLE
Director
AGE
53
TENURE
6.1 yrs

Per Danielsson

TITLE
Director
COMPENSATION
SEK129K
AGE
57
TENURE
5.8 yrs

Will Whitehorn

TITLE
Non-Executive Director
COMPENSATION
SEK304K
AGE
59
TENURE
2.3 yrs

Anita Bernie

TITLE
Director
AGE
49
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess AAC Clyde Space's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AAC Clyde Space has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

AAC Clyde Space AB (publ) primarily provides solutions and services to the small satellite market in Sweden, the United Kingdom, and the United States. The company offers satellite bits, such as command and data handling; batteries; EPS products; communication systems comprising VHF, X-band, Ku-Band, and Ka-Band; plug-and-play solar array solutions; and lightweight structure solutions. It also operates EPIC spacecraft platform. In addition, the company is involved in the provision of Space as a Service, which include mission analysis and design; satellites manufacturing, testing, and delivery services; and satellite launch, insurance, and market-leading regulatory management services, as well as designs payloads. It serves the government, commercial, and educational organizations. The company was formerly known as ÅAC Microtec AB (publ) and changed its name to AAC Clyde Space AB (publ) in November 2019. AAC Clyde Space AB (publ) was founded in 2005 and is based in Uppsala, Sweden.

Details
Name: AAC Clyde Space AB (publ)
ACCM.F
Exchange: OTCPK
Founded: 2005
SEK29,714,639
96,207,759
Website: http://www.aac-clyde.space
Address: AAC Clyde Space AB (publ)
Uppsala Science Park,
Dag Hammarskjölds väg 48,
Uppsala,
Uppsala County, 751 83,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM AAC Share Capital OMX Nordic Exchange Stockholm SE SEK 21. Dec 2016
OTCPK ACCM.F Share Capital Pink Sheets LLC US USD 21. Dec 2016
DB MKC Share Capital Deutsche Boerse AG DE EUR 21. Dec 2016
LSE 0GFN Share Capital London Stock Exchange GB SEK 21. Dec 2016
Number of employees
Current staff
Staff numbers
95
AAC Clyde Space employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 05:50
End of day share price update: 2020/02/24 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.