One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Draganfly Inc.
DPRO · NCM · Industrials · Aerospace & Defense
Current price
$3.19
52-week range
$2.68 - $10.62
Market cap
$125.06M
Balance sheet
Healthy
-19.09x Concerning
Net cash $96.74M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
3 Risks
1 rewards · 3 risks
- Reward Revenue grew 17.8% last year.
- Risk Operating margin compressed from -353.8% to -583.3% over 3 years.
- Risk Return on equity was -37.8% last year — the company lost money on shareholders' equity.
- Risk Insider ownership is only 0.2% (peer median: 3.0%).
What this company does
Draganfly Inc.
Draganfly Inc. makes and sells drones and related technology for various industries like public safety and agriculture. The money they make comes from selling these drones, software, and offering services like flight training and custom engineering. This matters because it shows how they are building a business by providing specialized tools and expertise to different customers.
How the company got here
Draganfly Inc. was founded in 1998 and is a pioneer in the commercial unmanned aerial vehicle (UAV) industry. [3, 6] The company released the first commercialized quadrotor UAV in 1999 and the first multirotor UAV with an integrated camera system in 2001. [3, 4] Over its more than two decades of operation, Draganfly has established a reputation for innovation and has been recognized for several industry firsts, including being the first drone to save a human life and the first drone inducted into the Smithsonian National Air and Space Museum. [7] The company has a history of serving public safety agencies and has seen its drones used in critical situations, such as locating accident victims. [6] More recently, Draganfly has been strategically positioning itself to capitalize on the growing demand in the defense sector, including investments and partnerships aimed at enhancing its capabilities for military and government applications. [14, 16, 18]
What it actually does
Draganfly designs, manufactures, and sells advanced unmanned vehicle systems and software. [2, 6] These systems include a variety of drones (quadcopters and fixed-wing aircraft), ground-based robots, and control systems. [1, 9] The company's products are used for data collection and analysis across several critical sectors. [5, 6] Draganfly aims to provide efficient solutions that can save time, money, and lives by offering reliable and cutting-edge technology. [6]
Drones
This is Draganfly's primary business line, encompassing the development and sale of various unmanned aerial vehicles (UAVs), commonly known as drones. [1, 2] The company offers a range of drones, including multirotor and fixed-wing models, designed for different applications such as heavy-lift operations, tactical missions, mapping and surveying, and emergency response. [9, 12] These drones are equipped with advanced sensors and software for data collection, live streaming, and analysis. [1, 9] Draganfly serves diverse markets including public safety, agriculture, industrial inspections, and mapping and surveying. [5, 6] This segment generates the majority of the company's revenue. [1]
Software and Services
Beyond hardware, Draganfly provides a suite of software and services that complement its drone offerings. [1, 5] This includes software for flight control, data collection, live streaming, and analysis, enabling users to derive actionable insights from the data gathered by the drones. [1, 9] The company also offers custom engineering services, flight training, and geographic information systems (GIS) data services. [1] Additionally, Draganfly provides specialized services like aerial spraying for sanitation and hot-spot detection for fire management, further diversifying its revenue streams. [9, 11]
What management is betting on now
Draganfly's current strategic focus is on expanding its presence and capabilities within the defense and public safety sectors. [14, 16, 19] The company is making strategic investments and forming partnerships to enhance its offerings for government and military clients, particularly in the U.S. defense ecosystem. [14, 16, 18] Management believes that the increasing global demand for advanced drone solutions in defense, coupled with a focus on domestic manufacturing and autonomous systems, presents a significant growth opportunity. [16, 19] Draganfly aims to leverage its long operating history and established relationships with tier-one military customers to scale its production and secure larger contracts in these critical markets. [19]
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value — vs current price $3.19
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $96.7M - more cash than debt. Interest coverage -19.1x.
Net debt
$-96.74M
Interest coverage
-19.09x
Draganfly Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 5 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
DPRO
BASELINE
Draganfly Inc.
Total debt $160.16K Interest coverage -19.09x This is the baseline the peer rows are being compared against.
Total debt $9.84M Interest coverage -2.94x Neither company has much profit cushion over interest right now.
Total debt $14.87M Interest coverage -970.67x Neither company has much profit cushion over interest right now.
Total debt $1.15M Interest coverage -310.70x Neither company has much profit cushion over interest right now.
Total debt $41.10M Interest coverage -8.88x Neither company has much profit cushion over interest right now.
Total debt $3.99M Interest coverage -663.77x Neither company has much profit cushion over interest right now.
What you should know
The case for and against DPRO
1 Reward
3 Risks
Rewards
-
Revenue grew 17.8% last year.
Risks
-
Operating margin compressed from -353.8% to -583.3% over 3 years.
-
Return on equity was -37.8% last year — the company lost money on shareholders' equity.
-
Insider ownership is only 0.2% (peer median: 3.0%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-4.63x
P/B
1.12x
P/S
13.83x
EV/EBITDA
0.51x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
19.5%
Operating margin
-583.3%
Net margin
0.0%
ROE
-37.8%
ROA
-24.5%
Health
Liquidity and balance-sheet strength
Debt / equity
0.00x
Current ratio
29.62x
Quick ratio
27.41x
Total debt
$160.16K
Total cash
$96.90M
Growth
How the business has been compounding
Revenue TTM
$6.40M
Revenue 5Y CAGR
0.5%
EPS TTM
-0.76
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-16.90M
Free CF TTM
$-17.55M
FCF margin
-274.2%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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