Company Valuation: Frequentis AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 355.5 379.4 362.5 356.9 966.5 971.4 - -
Change - 6.72% -4.44% -1.54% 170.77% 0.5% - -
Enterprise Value (EV) 1 355.5 327.6 315.5 324.5 876 873.4 848.8 805
Change - -7.85% -3.7% 2.86% 169.95% -0.3% -2.81% -5.16%
P/E 17.9x 20.3x 19.6x 16.3x 34.3x 29.4x 25x 21.4x
PBR - 2.62x 2.36x 2.08x 4.99x 4.29x 3.68x 3.13x
PEG - -3.38x -13.82x 0.9x 1.2x 1.7x 1.4x 1.3x
Capitalization / Revenue 1.07x 0.98x 0.85x 0.74x 1.67x 1.46x 1.3x 1.18x
EV / Revenue 1.07x 0.85x 0.74x 0.68x 1.51x 1.31x 1.14x 0.98x
EV / EBITDA 7.64x 7.18x 7.14x 5.99x 13.1x 12x 10.3x 8.68x
EV / EBIT 12.3x 11.7x 11.9x 10.1x 18.7x 18x 15.1x 12.2x
EV / FCF 14.7x 79.6x 22.7x 27.1x 24.8x 34.3x 28.3x 17.9x
FCF Yield 6.79% 1.26% 4.41% 3.68% 4.03% 2.91% 3.53% 5.57%
Dividend per Share 2 0.15 0.2 0.244 0.27 0.3 0.3575 0.4175 0.4875
Rate of return 0.56% 0.7% 0.89% 1% 0.41% 0.49% 0.57% 0.67%
EPS 2 1.5 1.41 1.39 1.65 2.12 2.493 2.923 3.423
Distribution rate 10% 14.2% 17.6% 16.4% 14.2% 14.3% 14.3% 14.2%
Net sales 1 333.5 386 427.5 480.3 580.1 665.9 745.6 823.9
EBITDA 1 46.51 45.6 44.2 54.13 66.94 72.57 82.08 92.77
EBIT 1 28.97 28.1 26.6 32.1 46.75 48.45 56.31 66.24
Net income 1 19.97 18.72 18.42 22 28.31 33.1 38.79 45.39
Net Debt 1 - -51.78 -47.06 -32.46 -90.54 -98 -122.6 -166.3
Reference price 2 26.80 28.60 27.30 26.90 72.80 73.20 73.20 73.20
Nbr of stocks (in thousands) 13,265 13,265 13,279 13,269 13,276 13,270 - -
Announcement Date 4/5/22 4/12/23 4/9/24 4/8/25 4/9/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
29.88x1.31x12.04x0.47% 1.11B
18.81x3.3x13.21x1.47% 13.04B
20.1x0.97x8.39x - 5.23B
8.59x2.4x4.63x3.12% 5.11B
23.09x0.93x5.78x1.74% 2.86B
16.54x0.53x4.23x4.32% 1.71B
46.38x - - - 1.4B
27.63x - - - 1.28B
19.71x - - - 1.15B
Average 23.41x 1.57x 8.05x 2.23% 3.65B
Weighted average by Cap. 19.60x 2.25x 9.53x 2.01%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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