Company Valuation: Frequentis AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 355.5 379.4 362.5 356.9 966.5 959.4 - -
Change - 6.72% -4.44% -1.54% 170.77% -0.73% - -
Enterprise Value (EV) 1 355.5 327.6 315.5 324.5 876 839.4 837.6 793.5
Change - -7.85% -3.7% 2.86% 169.95% -4.18% -0.21% -5.27%
P/E 17.9x 20.3x 19.6x 16.3x 34.3x 29x 24.7x 21x
PBR - 2.62x 2.36x 2.08x 4.99x 4.19x 3.61x 3.08x
PEG - -3.38x -13.82x 0.9x 1.2x 1.6x 1.4x 1.2x
Capitalization / Revenue 1.07x 0.98x 0.85x 0.74x 1.67x 1.42x 1.28x 1.16x
EV / Revenue 1.07x 0.85x 0.74x 0.68x 1.51x 1.24x 1.12x 0.96x
EV / EBITDA 7.64x 7.18x 7.14x 5.99x 13.1x 11.6x 10.2x 8.57x
EV / EBIT 12.3x 11.7x 11.9x 10.1x 18.7x 17.3x 14.8x 12x
EV / FCF 14.7x 79.6x 22.7x 27.1x 24.8x 34.5x 24.8x 18.7x
FCF Yield 6.79% 1.26% 4.41% 3.68% 4.03% 2.9% 4.03% 5.34%
Dividend per Share 2 0.15 0.2 0.244 0.27 0.3 0.3464 0.41 0.5026
Rate of return 0.56% 0.7% 0.89% 1% 0.41% 0.48% 0.57% 0.7%
EPS 2 1.5 1.41 1.39 1.65 2.12 2.494 2.929 3.435
Distribution rate 10% 14.2% 17.6% 16.4% 14.2% 13.9% 14% 14.6%
Net sales 1 333.5 386 427.5 480.3 580.1 674.3 750.3 828.7
EBITDA 1 46.51 45.6 44.2 54.13 66.94 72.55 81.89 92.57
EBIT 1 28.97 28.1 26.6 32.1 46.75 48.45 56.6 66.03
Net income 1 19.97 18.72 18.42 22 28.31 33.12 38.89 45.7
Net Debt 1 - -51.78 -47.06 -32.46 -90.54 -120 -121.8 -166
Reference price 2 26.80 28.60 27.30 26.90 72.80 72.30 72.30 72.30
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.19x1.35x12.57x0.46% 1.16B
18.97x3.32x13.29x1.44% 13.2B
9.35x2.48x4.83x2.98% 5.4B
23.74x0.96x5.93x1.7% 2.97B
14.02x0.95x6.21x - 2.94B
18.08x0.62x4.79x3.96% 2.02B
78.27x - - - 1.42B
23.2x - - - 1.36B
22.21x - - - 1.3B
Average 26.45x 1.61x 7.94x 2.11% 3.53B
Weighted average by Cap. 20.63x 2.37x 9.45x 1.96%

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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