Company Valuation: Frequentis AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 355.5 379.4 362.5 356.9 966.5 898.4 - -
Change - 6.72% -4.44% -1.54% 170.77% -7.05% - -
Enterprise Value (EV) 1 355.5 327.6 315.5 324.5 876 801.4 777 731.4
Change - -7.85% -3.7% 2.86% 169.95% -8.51% -3.05% -5.86%
P/E 17.9x 20.3x 19.6x 16.3x 34.3x 29.3x 24.2x 20.6x
PBR - 2.62x 2.36x 2.08x 4.99x 3.97x 3.36x 2.89x
PEG - -3.38x -13.82x 0.9x 1.2x 3.32x 1.1x 1.2x
Capitalization / Revenue 1.07x 0.98x 0.85x 0.74x 1.67x 1.39x 1.25x 1.14x
EV / Revenue 1.07x 0.85x 0.74x 0.68x 1.51x 1.24x 1.08x 0.92x
EV / EBITDA 7.64x 7.18x 7.14x 5.99x 13.1x 11.4x 9.79x 8.15x
EV / EBIT 12.3x 11.7x 11.9x 10.1x 18.7x 17.3x 14.4x 11.6x
EV / FCF 14.7x 79.6x 22.7x 27.1x 24.8x 27x 22.6x 18x
FCF Yield 6.79% 1.26% 4.41% 3.68% 4.03% 3.7% 4.42% 5.54%
Dividend per Share 2 0.15 0.2 0.244 0.27 0.3 0.3476 0.406 0.4845
Rate of return 0.56% 0.7% 0.89% 1% 0.41% 0.51% 0.6% 0.72%
EPS 2 1.5 1.41 1.39 1.65 2.12 2.307 2.798 3.282
Distribution rate 10% 14.2% 17.6% 16.4% 14.2% 15.1% 14.5% 14.8%
Net sales 1 333.5 386 427.5 480.3 580.1 646.2 718.7 791.4
EBITDA 1 46.51 45.6 44.2 54.13 66.94 70.47 79.39 89.72
EBIT 1 28.97 28.1 26.6 32.1 46.75 46.28 54.02 62.9
Net income 1 19.97 18.72 18.42 22 28.31 30.64 37.33 43.58
Net Debt 1 - -51.78 -47.06 -32.46 -90.54 -96.97 -121.4 -167
Reference price 2 26.80 28.60 27.30 26.90 72.80 67.70 67.70 67.70
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.($)
29.34x1.24x11.37x0.51% 1.03B
16.92x3.01x12.11x1.62% 11.79B
20.85x0.99x8.61x - 5.43B
8.54x2.4x4.62x3.14% 5.08B
23x0.93x5.77x1.75% 2.89B
16.19x0.52x4.08x4.42% 1.64B
13.99x - - - 1.49B
47.96x - - - 1.45B
28.04x - - - 1.29B
21.52x - - - 1.25B
Average 22.64x 1.52x 7.76x 2.29% 3.33B
Weighted average by Cap. 18.98x 2.08x 8.90x 2.14%

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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