Company Valuation: Frequentis AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 355.5 379.4 362.5 356.9 966.5 894.7 - -
Change - 6.72% -4.44% -1.54% 170.77% -7.43% - -
Enterprise Value (EV) 1 355.5 327.6 315.5 324.5 876 774.7 772.9 728.8
Change - -7.85% -3.7% 2.86% 169.95% -11.56% -0.23% -5.71%
P/E 17.9x 20.3x 19.6x 16.3x 34.3x 27x 23x 19.6x
PBR - 2.62x 2.36x 2.08x 4.99x 3.91x 3.36x 2.87x
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 1.33x 1.19x 1.08x
EV / Revenue 1.07x 0.85x 0.74x 0.68x 1.51x 1.15x 1.03x 0.88x
EV / EBITDA 7.64x 7.18x 7.14x 5.99x 13.1x 10.7x 9.44x 7.87x
EV / EBIT 12.3x 11.7x 11.9x 10.1x 18.7x 16x 13.7x 11x
EV / FCF 14.7x 79.6x 22.7x 27.1x 24.8x 31.8x 22.9x 17.2x
FCF Yield 6.79% 1.26% 4.41% 3.68% 4.03% 3.14% 4.37% 5.81%
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% 0.61% 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 67.40 67.40 67.40
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.($)
27.03x1.15x10.68x0.51% 1.01B
27.35x6.12x15.86x1.52% 442B
54.37x19.43x38.99x-.--% 262B
19.23x0.78x14.05x2.36% 172B
26.15x8.29x20.02x0.47% 142B
50.78x15.11x33.34x-.--% 97.36B
32.37x6.32x18.32x1.08% 74.04B
43.86x2.38x15.39x1.61% 59.28B
67.47x8.72x38.58x-.--% 55.5B
28.07x6.34x21.17x1.47% 54.22B
Average 37.67x 7.47x 22.64x 0.9% 135.95B
Weighted average by Cap. 35.73x 8.83x 23.02x 1.03%

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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