Company Valuation: Frequentis AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 355.5 379.4 362.5 356.9 966.5 884.1 - -
Change - 6.72% -4.44% -1.54% 170.77% -8.52% - -
Enterprise Value (EV) 1 355.5 327.6 315.5 324.5 876 764.1 762.3 718.1
Change - -7.85% -3.7% 2.86% 169.95% -12.77% -0.23% -5.79%
P/E 17.9x 20.3x 19.6x 16.3x 34.3x 26.7x 22.7x 19.4x
PBR - 2.62x 2.36x 2.08x 4.99x 3.86x 3.32x 2.84x
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 1.31x 1.18x 1.07x
EV / Revenue 1.07x 0.85x 0.74x 0.68x 1.51x 1.13x 1.02x 0.87x
EV / EBITDA 7.64x 7.18x 7.14x 5.99x 13.1x 10.5x 9.31x 7.76x
EV / EBIT 12.3x 11.7x 11.9x 10.1x 18.7x 15.8x 13.5x 10.9x
EV / FCF 14.7x 79.6x 22.7x 27.1x 24.8x 31.4x 22.6x 17x
FCF Yield 6.79% 1.26% 4.41% 3.68% 4.03% 3.19% 4.43% 5.9%
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% 0.52% 0.62% 0.75%
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 66.60 66.60 66.60
Nbr of stocks (in thousands) 13,265 13,265 13,279 13,269 13,276 13,275 - -
Announcement Date 05/04/22 12/04/23 09/04/24 08/04/25 09/04/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.71x1.13x10.53x0.52% 1.03B
18.74x3.29x13.15x1.45% 13.04B
8.92x2.43x4.73x3.12% 5.15B
21.88x0.98x5.79x1.81% 3.18B
13.84x0.95x6.16x - 2.9B
18.11x0.62x4.76x3.93% 2.05B
78.51x - - - 1.42B
22.22x - - - 1.3B
21.68x - - - 1.28B
Average 25.62x 1.57x 7.52x 2.17% 3.48B
Weighted average by Cap. 20.18x 2.33x 9.24x 2.02%

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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