Frequency Electronics
Market Cap
US$84.4m
Last Updated
2020/02/16 23:51 UTC
Data Sources
Company Financials
Executive Summary
Frequency Electronics, Inc. designs, develops, manufactures, and sells precision time and frequency control products and components for microwave integrated circuit applications.
Risk Analysis
Earnings have declined by -58.22% per year over past 5 years
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Flawless balance sheet and overvalued.
Similar Companies
Share Price & News
How has Frequency Electronics's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FEIM has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.4%
FEIM
1.7%
US Electronic
1.5%
US Market
1 Year Return
-20.9%
FEIM
10.4%
US Electronic
20.1%
US Market
Return vs Industry: FEIM underperformed the US Electronic industry which returned 10.4% over the past year.
Return vs Market: FEIM underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| FEIM | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.4% | 1.7% | 1.5% |
| 30 Day | -6.5% | -4.7% | 1.4% |
| 90 Day | -10.4% | 2.4% | 8.7% |
| 1 Year | -20.9%-20.9% | 11.5%10.4% | 22.7%20.1% |
| 3 Year | -13.5%-13.5% | 37.4%33.6% | 50.1%40.5% |
| 5 Year | -25.1%-25.1% | 70.5%62.1% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is Frequency Electronics's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Does Frequency Electronics, Inc. (NASDAQ:FEIM) Have A Volatile Share Price?1 month ago | Simply Wall St
We Think Frequency Electronics (NASDAQ:FEIM) Can Afford To Drive Business Growth1 month ago | Simply Wall St
President Stanton Sloane Just Bought Shares In Frequency Electronics, Inc. (NASDAQ:FEIM)Valuation
Is Frequency Electronics undervalued compared to its fair value and its price relative to the market?
1.45x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate FEIM's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate FEIM's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: FEIM is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.
PE vs Market: FEIM is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FEIM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FEIM is good value based on its PB Ratio (1.5x) compared to the US Electronic industry average (1.9x).
Next Steps
Future Growth
How is Frequency Electronics forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
21.4%
Forecasted Tech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Frequency Electronics has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Frequency Electronics's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Tech industry.
Past Performance
How has Frequency Electronics performed over the past 5 years?
-58.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FEIM is currently unprofitable.
Growing Profit Margin: FEIM is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FEIM is unprofitable, and losses have increased over the past 5 years at a rate of -58.2% per year.
Accelerating Growth: Unable to compare FEIM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FEIM is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (14.6%).
Return on Equity
High ROE: FEIM has a negative Return on Equity (-14.07%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Frequency Electronics's financial position?
Financial Position Analysis
Short Term Liabilities: FEIM's short term assets ($49.1M) exceed its short term liabilities ($8.3M).
Long Term Liabilities: FEIM's short term assets ($49.1M) exceed its long term liabilities ($25.5M).
Debt to Equity History and Analysis
Debt Level: FEIM is debt free.
Reducing Debt: FEIM has no debt compared to 5 years ago when its debt to equity ratio was 12.5%.
Balance Sheet
Inventory Level: FEIM has a high level of physical assets or inventory.
Debt Coverage by Assets: FEIM's debt is not covered by short term assets (assets are -2.7613258165268E+16x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: FEIM has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: FEIM has sufficient cash runway for 2.4 years if free cash flow continues to grow at historical rates of 17.3% each year.
Next Steps
Dividend
What is Frequency Electronics's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate FEIM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate FEIM's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FEIM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FEIM's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: FEIM is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FEIM's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Stan Sloane (69yo)
1.8yrs
Tenure
US$522,475
Compensation
Dr. Stanton David Sloane, also known as Stan, has been President and Chief Executive Officer of Frequency Electronics, Inc. since May 1, 2018 and had served as its Chief Operating Officer from September 13Â ...
CEO Compensation Analysis
Compensation vs Market: Stan's total compensation ($USD522.48K) is about average for companies of similar size in the US market ($USD521.92K).
Compensation vs Earnings: Stan's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.8yrs | US$522.48k | 0.33% $278.1k | |
| Senior Vice President of Business Development | 10.1yrs | US$308.74k | 0.20% $172.8k | |
| CFO, Secretary & Treasurer | 3.8yrs | no data | no data | |
| Senior VP & Chief Scientist | 0.08yrs | US$153.16k | 0.048% $40.3k | |
| Chief Medical Officer | 1.1yrs | no data | no data | |
| President of FEI-Zyfer | 14.8yrs | US$200.90k | 0.12% $98.0k | |
| President of FEI-Elcom Tech Inc | 0yrs | no data | no data | |
| Vice President of Program Management | 13.1yrs | US$299.80k | no data | |
| Vice President of Manufacturing | 1.1yrs | no data | no data | |
| Consultant | 1.1yrs | US$247.92k | 0.18% $151.7k |
1.8yrs
Average Tenure
67yo
Average Age
Experienced Management: FEIM's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.8yrs | US$522.48k | 0.33% $278.1k | |
| Lead Independent Director | 1.8yrs | US$25.00k | no data | |
| Director | 59.1yrs | US$535.99k | 7.9% $6.7m | |
| Independent Director | 33.3yrs | US$33.00k | 0.91% $765.2k | |
| Independent Director | 16.1yrs | US$29.00k | 0.11% $94.6k | |
| Independent Director | 3.4yrs | US$25.00k | 0.055% $46.4k | |
| Independent Director | 3.5yrs | US$25.00k | 4.49% $3.8m |
3.5yrs
Average Tenure
72yo
Average Age
Experienced Board: FEIM's board of directors are considered experienced (3.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FEIM insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Frequency Electronics, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Frequency Electronics, Inc.
- Ticker: FEIM
- Exchange: NasdaqGM
- Founded: 1961
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$84.353m
- Shares outstanding: 9.10m
- Website: https://freqelec.com
Number of Employees
Location
- Frequency Electronics, Inc.
- 55 Charles Lindbergh Boulevard
- Mitchel Field
- New York
- 11553
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FEIM | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Jan 1980 |
Biography
Frequency Electronics, Inc. designs, develops, manufactures, and sells precision time and frequency control products and components for microwave integrated circuit applications. It operates through two segments, FEI-NY and FEI-Zyfer. The FEI-NY segment offers precision time, frequency generation, and synchronization products and subsystems used in communication satellites, terrestrial cellular telephone, or other ground-based telecommunication stations; and other components and systems for the United States military. The FEI-Zyfer segment designs, develops, and manufactures products for precision navigation and timing primarily incorporating global positioning system technologies into radar systems, airborne SIGINT/COMINT platforms, information networks, test equipment, military command and control terminals, and satellite ground stations. The company’s products are used in commercial, government satellite payload systems, secure communications, command, control, communication, computer, intelligence, security and reconnaissance, counter measures, and electronic warfare applications for the United States government on land, sea, and air-borne platforms. It markets its products directly and through independent sales representative organizations located in the United States, Europe, and Asia. Frequency Electronics, Inc. was founded in 1961 and is headquartered in Mitchel Field, New York.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 23:51 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/10/31 |
| Annual Earnings | 2019/04/30 |
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.