Firan Technology (FTG) added another 7% on its Q4 print, which beat on the top line and missed on EPS. The trajectory remains up and to the right, with management highlighting strong demand…

… across its business jet, aerospace, and defence markets - driving steady margin expansion and backlog growth in recent years.

There’s no question about the attractiveness of FTG’s fundamental setup, but with the stock trading above 12x NTM EBITDA (double the long-term average)…

… the next leg higher should be less explosive than the >500% run the stock has had over the last three years.

You might be interested in…

About Bullpen: Bullpen Finance Inc. publishes content on Canadian markets and provides paid research coverage of select Canadian issuers. Bullpen is paid in cash by covered issuers, does not accept stock or options, does not hold positions in covered securities, and does not conduct investment banking business. Bullpen and LodeRock Advisors Inc. are affiliated; LodeRock provides investor relations services to issuers, some of whom are covered by Bullpen Research. When a post discusses a covered issuer, a specific disclosure appears at the top of the post. This post is published for general information purposes. It is not personalized investment advice and is not tailored to any individual reader’s circumstances. Bullpen is not a registered investment adviser or dealer. For full disclosures, including analyst certification, jurisdictional statements, and conflict of interest policies, please see our Legal & Disclosures section on our website.