Conversation 171: DroneShield doubles staff numbers in anticipation of large scale orders from US Department of Defence.

One of the great things about DroneShield [ASX:DRO] is that it is an Australian company that’s kicking some series technology goals internationally.

But as you will see, according to Morningstar’s Quant rating DroneShield is undervalued by ~40%.

I am not saying Quant ratings are the be all and end all of valuing, but when you take a look at the organisations DroneShield has done business with lately, there appears to be a good case for undrvalue to be argued.