FeralX Systems Inc.

C$0.52As of Sun 8 Nov 2026, 12:00 UTC

TSXV:FRLXIndustrials

Country Canada

PE (Fwd) •••

TSR 10Y CAGR —

Div yield —

ROE —

Aerospace & Defense

Beta (5Y) —

PE TTM —

TSR TTM —

Mkt cap C$26.64M

ROIC —

SE Grade™

Value

Quality

Moat

Consensus

Reference

$0.605

16.26%

(76.08%)

Hold 4|11|7|8|1

TTM

FYE 31 Dec CAD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

5Y

10Y

Peers

4.301

Revenue$M

1.935

2.118

2.252

2.491

2.712

2.881

3.143

3.426

3.664

3.979

4.475

7.96%

8.17%

65

2.85

Revenue growth%

24.06

25.75

24.61

23.58

23.57

23.40

25.46

24.07

21.21

21.65

12.21

23.40

23.82

31

12.05

Gross margin%

29.84

27.94

29.66

32.64

32.27

29.39

32.18

34.45

31.77

34.41

16.72

32.18

31.97

5

18.96

Operating margin%

5.88

7.42

10.28

11.22

10.59

13.30

11.52

10.18

7.71

9.82

25.07

10.18

10.23

38

17.36

Net margin%

15.26

13.50

14.78

14.45

12.66

12.91

11.11

10.40

12.00

14.67

2.20

12.00

13.20

71

17.23

P/E ratio (avg)x

16.71

16.16

17.34

20.70

20.90

23.81

23.20

22.71

21.80

22.33

19.35

22.71

21.35

40

15.57

EV/EBITx

5.950

6.040

6.371

7.291

7.152

6.998

7.803

7.579

7.965

7.818

21.16

7.803

7.221

18

9.64

FCF yield (avg)%

3.46

4.02

2.53

0.56

0.40

0.40

0.40

0.40

0.40

1.68

25.65

0.40

0.48

58

14.32

FCF margin%

16.03

14.88

16.77

14.04

16.83

14.49

13.28

11.01

9.91

12.67

12.05

12.67

14.27

23

0.427

FCF / Net incomex

0.116

0.113

0.133

0.133

0.145

0.162

0.186

0.207

0.207

0.208

0.617

0.207

0.154

78

7.06

ROIC%

14.02

13.78

12.41

10.74

12.77

13.10

10.22

10.85

9.87

8.45

11.74

10.22

11.63

49

2.11

Return on equity%

27.16

25.46

28.11

25.69

24.35

26.36

29.07

29.40

27.68

26.88

10.42

27.68

27.02

94

16.01

Return on assets%

23.79

23.34

24.79

26.02

28.92

31.89

33.82

33.07

35.17

37.46

8.16

33.82

30.40

45

0.03

EPS$

0.08

0.08

0.09

0.11

0.10

0.11

0.10

0.12

0.12

0.12

0.03

4.37%

5.20%

—

5.18

EPS growth%

15.36

14.25

13.18

13.44

13.41

12.61

9.97

9.44

7.93

5.96

16.06

9.44

12.90

38

0.07

Bookvalue per sh$

0.06

0.07

0.08

0.09

0.10

0.11

0.11

0.11

0.13

0.13

0.04

5.99%

9.82%

—

0.08

FCF per share$

0.06

0.07

0.07

0.07

0.06

0.06

0.06

0.06

0.07

0.08

0.05

4.33%

3.01%

—

0.05

Dividend per sh$

0.06

0.07

0.08

0.09

0.10

0.11

0.11

0.14

0.16

0.19

0.03

12.95%

13.00%

—

6.10

Div yield (avg)%

22.26

20.28

21.96

19.49

20.53

23.09

24.50

25.08

24.65

23.81

15.64

24.50

22.67

23

4.38

Payout ratio%

23.87

24.20

24.62

24.67

24.74

26.54

26.13

28.09

29.78

28.08

7.18

28.08

25.44

84

52.53

Shares (diluted)M

52.06

56.05

59.09

56.20

61.58

59.08

58.36

64.17

62.45

53.91

50.58

(2.63%)

0.77%

90

3.18

Buyback yield%

20.94

21.34

21.55

23.56

24.64

26.82

24.78

25.97

27.54

26.60

24.98

26.60

24.71

15

0.511

D/E ratiox

0.785

0.756

0.750

0.753

0.771

0.786

0.776

0.800

0.744

0.736

0.527

0.776

0.763

67

2.607

Enterprise value$M

0.912

0.917

0.894

1.008

1.003

1.129

1.259

1.451

1.680

1.819

1.083

12.64%

8.63%

68

3.321

LT debt$M

3.168

3.203

3.231

2.860

2.485

2.500

2.544

2.743

2.490

2.390

3.582

(0.77%)

(1.87%)

23

Peers (US$18.74M)

Cap (US$)

PE

New Horizon Aircraft…

85.25M

—

Alchemy Labs Inc.

27.03M

—

Star Navigation…

7.312M

—

AVTECH Sweden AB (publ)

18.56M

12.48x

Capital

TTM

5Y

10Y

Leveragex

0.366

0.185

0.118

EBIT/Intx

0.224

0.126

0.129

Own earn%

(7.38)

28.85

31.98

Sh yield%

9.27

50.41

47.22

Owners

Insiders/Inst%

13.63

89.65

Short interest%

4.72

SBC / revenue%

5.27

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

8

Op margin range%

6–13

$1 testx

—

Incr. ROIC%

73

FeralX Systems Inc. designs, builds, and delivers defense weapon systems, autonomous platforms, and precision components.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$3.979M

8.17%

1.00×

Cost of revenue

$2.587M

8.26%

1.01×

Operating expenses

$0.680M

8.33%

1.01×