XTRA:FQT

Stock Analysis Report

Executive Summary

Frequentis AG provides communication and information systems and solutions worldwide.

Snowflake

Fundamentals

Solid track record with excellent balance sheet.

Risks

  • Frequentis is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Frequentis's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.1%

XTRA:FQT

4.4%

DE Aerospace & Defense

2.6%

DE Market


1 Year Return

n/a

XTRA:FQT

8.7%

DE Aerospace & Defense

-9.6%

DE Market

No trading data on FQT.

No trading data on FQT.


Share holder returns

FQTIndustryMarket
7 Day-3.1%4.4%2.6%
30 Day-7.9%0.7%-3.0%
90 Day-11.0%11.1%-1.4%
1 Yearn/a11.0%8.7%-6.8%-9.6%
3 Yearn/a86.0%74.1%11.0%1.5%
5 Yearn/a133.6%105.3%25.6%8.2%

Price Volatility Vs. Market

How volatile is Frequentis's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Frequentis undervalued based on future cash flows and its price relative to the stock market?

26%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Frequentis's share price is below the future cash flow value, and at a moderate discount (> 20%).

Frequentis's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Frequentis is good value based on earnings compared to the Europe Aerospace & Defense industry average.

Frequentis is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Frequentis is poor value based on expected growth next year.


Price Based on Value of Assets

Frequentis is overvalued based on assets compared to the Europe Aerospace & Defense industry average.


Next Steps

Future Growth

How is Frequentis expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

12.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Frequentis's revenue is expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).

Frequentis's earnings are expected to grow by 12.5% yearly, however this is not considered high growth (20% yearly).

Frequentis's revenue growth is expected to exceed the Germany market average.

Frequentis's earnings growth is positive but not above the Germany market average.

Frequentis's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Frequentis is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Frequentis performed over the past 5 years?

8.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Frequentis's year on year earnings growth rate has been positive over the past 5 years.

Frequentis's 1-year earnings growth exceeds its 5-year average (14.3% vs 8.2%)

Frequentis's earnings growth has exceeded the Europe Aerospace & Defense industry average in the past year (14.3% vs 12.8%).


Return on Equity

Frequentis has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Frequentis used its assets more efficiently than the Europe Aerospace & Defense industry average last year based on Return on Assets.


Return on Capital Employed

Frequentis has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Frequentis's financial position?


Financial Position Analysis

Frequentis is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Frequentis's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Frequentis's level of debt (12.6%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (5.5% vs 12.6% today).

Debt is well covered by operating cash flow (42.3%, greater than 20% of total debt).

Frequentis earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 15.7x debt.


Next Steps

Dividend

What is Frequentis's current dividend yield, its reliability and sustainability?

2.21%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate Frequentis's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Frequentis's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Frequentis has not reported any payouts.

Unable to verify if Frequentis's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Frequentis has not reported any payouts.


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).


Next Steps

Management

What is the CEO of Frequentis's salary, the management and board of directors tenure and is there insider trading?

11.6yrs

Average management tenure


CEO

Norbert Haslacher (48yo)

1.3yrs

Tenure

0

Mr. Norbert Haslacher serves as Managing Director of CSC Austria & Eastern Europe. Mr. Haslacher has been Member of Executive Board at Frequentis AG since April 01, 2015. He has been Chairman of the Execut ...


Management Age and Tenure

11.6yrs

Average Tenure

58yo

Average Age

The average tenure for the Frequentis management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

1.3yrs

Average Tenure

61yo

Average Age

The average tenure for the Frequentis board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Johannes Bardach (67yo)

    Chairman of Supervisory Board

    • Tenure: 1.3yrs
  • Sylvia Bardach (57yo)

    CFO, Commercial Director & Member of the Executive Board

    • Tenure: 12.6yrs
  • Hermann Mattanovich (59yo)

    CTO, COO & Member of the Executive Board

    • Tenure: 10.6yrs
  • Norbert Haslacher (48yo)

    Chairman of the Executive Board & CSO

    • Tenure: 1.3yrs

Board Members

  • Karl Millauer (61yo)

    Deputy Chairman of the Supervisory Board

    • Tenure: 1.3yrs
  • Boris Nemsic (61yo)

    Member of the Suprevisory Board

    • Tenure: 12.6yrs
  • Johannes Bardach (67yo)

    Chairman of Supervisory Board

    • Tenure: 1.3yrs
  • Gabriele Schedl

    Employee Representative Member of the Supervisory Board

    • Tenure: 4.6yrs
  • Reinhold Daxecker

    Member of Supervisory Board

    • Tenure: 1.3yrs
  • Siegfried Meisel

    Employee Representative Member of the Supervisory Board

    • Tenure: 0.6yrs

Company Information

Frequentis AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Frequentis AG
  • Ticker: FQT
  • Exchange: XTRA
  • Founded: 1947
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: €211.464m
  • Shares outstanding: 13.20m
  • Website: https://www.frequentis.com

Number of Employees


Location

  • Frequentis AG
  • Innovationsstrasse 1
  • Vienna
  • Vienna
  • 1100
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FQTWBAG (Wiener Boerse AG)YesShare CapitalATEURMay 2019
FQTDB (Deutsche Boerse AG)YesShare CapitalDEEURMay 2019
FQTXTRA (XETRA Trading Platform)YesShare CapitalDEEURMay 2019

Biography

Frequentis AG provides communication and information systems and solutions worldwide. It operates through Air Traffic Management (ATM) and Public Safety & Transport segments. The company offers air traffic ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 23:08
End of Day Share Price2019/08/21 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.