Company Valuation: Frequentis AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 355.5 379.4 362.5 356.9 966.5 901.4 - -
Change - 6.72% -4.44% -1.54% 170.77% -6.74% - -
Enterprise Value (EV) 1 355.5 327.6 315.5 324.5 876 781.3 779.6 735.4
Change - -7.85% -3.7% 2.86% 169.95% -10.8% -0.22% -5.67%
P/E 17.9x 20.3x 19.6x 16.3x 34.3x 27.2x 23.2x 19.8x
PBR - 2.62x 2.36x 2.08x 4.99x 3.94x 3.39x 2.89x
PEG - -3.38x -13.82x 0.9x 1.2x 1.5x 1.3x 1.1x
Capitalization / Revenue 1.07x 0.98x 0.85x 0.74x 1.67x 1.34x 1.2x 1.09x
EV / Revenue 1.07x 0.85x 0.74x 0.68x 1.51x 1.16x 1.04x 0.89x
EV / EBITDA 7.64x 7.18x 7.14x 5.99x 13.1x 10.8x 9.52x 7.94x
EV / EBIT 12.3x 11.7x 11.9x 10.1x 18.7x 16.1x 13.8x 11.1x
EV / FCF 14.7x 79.6x 22.7x 27.1x 24.8x 32.1x 23.1x 17.4x
FCF Yield 6.79% 1.26% 4.41% 3.68% 4.03% 3.12% 4.33% 5.76%
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% 0.51% 0.6% 0.74%
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 67.90 67.90 67.90
Nbr of stocks (in thousands) 13,265 13,265 13,279 13,269 13,276 13,275 - -
Announcement Date 4/5/22 A 4/12/23 A 4/9/24 A 4/8/25 A 4/9/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.23x1.16x10.77x0.51% 1.03B
18.77x3.29x13.17x1.45% 13.06B
8.85x2.42x4.72x3.15% 5.11B
21.67x0.97x5.91x1.83% 3.12B
13.41x0.93x6.03x - 2.81B
18.69x0.65x4.98x3.81% 2.06B
79.46x - - - 1.44B
22.03x - - - 1.29B
22.32x - - - 1.3B
Average 25.83x 1.57x 7.60x 2.15% 3.47B
Weighted average by Cap. 20.31x 2.34x 9.30x 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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  4. Valuation Frequentis AG
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