AAC Clyde Space AB (publ) (AAC.ST)

AAC Clyde Space AB (publ) (AAC.ST) — VMCI valuation read

AAC Clyde Space AB (publ) sits at VMCI 33/100, with the Industrials sector median at 50. That 17-point spread is the first thing to note on AAC.ST: it tells the reader the composite is unfavorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on AAC.ST are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on AAC.ST: AAC.ST trades at 26.0x earnings, 44% above the Industrials median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 8.0% trails the Industrials median (10.0%) by 2.0pp. The Risk read: net debt to EBITDA of 2.1x is the rate-sensitivity line to watch, anchoring the bear scenario on a measurable balance-sheet metric.

AAC.ST fell 1.2% over the trailing 7 days, with a +7.9% read on a 30-day basis.