Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €62.50, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 29x in the Aerospace & Defense industry in Germany. Total returns to shareholders of 136% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €101 per share. Upcoming Dividend • Jun 17
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 24 June 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (0.9%). Declared Dividend • May 20
Dividend increased to €0.30 Dividend of €0.30 is 11% higher than last year. Ex-date: 24th June 2026 Payment date: 29th June 2026 Dividend yield will be 0.4%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 14%. Cash payout ratio: 11%. Duyuru • Apr 14
Frequentis AG announces Annual dividend, payable on June 29, 2026 Frequentis AG announced Annual dividend of EUR 0.3000 per share payable on June 29, 2026, ex-date on June 24, 2026 and record date on June 25, 2026. Duyuru • Dec 09
Frequentis AG, Annual General Meeting, Jun 19, 2026 Frequentis AG, Annual General Meeting, Jun 19, 2026. Duyuru • Oct 28
Frequentis AG to Report Fiscal Year 2025 Results on Apr 09, 2026 Frequentis AG announced that they will report fiscal year 2025 results at 9:00 AM, Central European Standard Time on Apr 09, 2026 Duyuru • Oct 24
Frequentis AG to Report First Half, 2026 Results on Aug 11, 2026 Frequentis AG announced that they will report first half, 2026 results on Aug 11, 2026 Duyuru • Mar 11
Frequentis AG announces Annual dividend, payable on June 16, 2025 Frequentis AG announced Annual dividend of EUR 0.2700 per share payable on June 16, 2025, ex-date on June 11, 2025 and record date on June 12, 2025. Duyuru • Jan 27
Frequentis AG, Annual General Meeting, Jun 05, 2025 Frequentis AG, Annual General Meeting, Jun 05, 2025. Duyuru • Oct 29
Frequentis AG to Report Q2, 2025 Results on Aug 12, 2025 Frequentis AG announced that they will report Q2, 2025 results on Aug 12, 2025 Duyuru • Jul 10
Frequentis AG (XTRA:FQT) acquired Groiss Informatics GmbH. Frequentis AG (XTRA:FQT) acquired Groiss Informatics GmbH on July 1, 2024. This strategic move allows Frequentis to further develop its expertise and offer more comprehensive workflow management solutions to its customers across various control center applications. Frequentis AG (XTRA:FQT) completed the acquisition of Groiss Informatics GmbH on July 1, 2024. Upcoming Dividend • Jun 04
Upcoming dividend of €0.24 per share Eligible shareholders must have bought the stock before 11 June 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (1.0%). Reported Earnings • Apr 12
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: €1.39 (down from €1.41 in FY 2022). Revenue: €431.6m (up 11% from FY 2022). Net income: €18.4m (down 1.6% from FY 2022). Profit margin: 4.3% (down from 4.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 6.1%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 11
Dividend increased to €0.24 Dividend of €0.24 is 9.1% higher than last year. Ex-date: 11th June 2024 Payment date: 14th June 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.4%. Sustainability & Growth The dividend has increased by an average of 12% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Mar 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Buying Opportunity • Oct 20
Now 21% undervalued Over the last 90 days, the stock is up 3.9%. The fair value is estimated to be €36.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings is also forecast to grow by 8.7% per annum over the same time period. Reported Earnings • Aug 18
First half 2023 earnings released: €0.08 loss per share (vs €0.03 loss in 1H 2022) First half 2023 results: €0.08 loss per share (further deteriorated from €0.03 loss in 1H 2022). Revenue: €189.3m (up 13% from 1H 2022). Net loss: €997.0k (loss widened 165% from 1H 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 06
Frequentis AG (XTRA:FQT) acquired GuardREC from EMBRON Group AS. Frequentis AG (XTRA:FQT) acquired GuardREC from EMBRON Group AS on July 4, 2023.A new dedicated Recorder Unit will be founded with teams based in Austria and Norway.Frequentis AG (XTRA:FQT) completed the acquisition of GuardREC from EMBRON Group AS on July 4, 2023. Buying Opportunity • Jun 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.5%. The fair value is estimated to be €37.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 57%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings is also forecast to grow by 3.9% per annum over the same time period. Duyuru • Jun 02
Frequentis AG Approves Dividend for the Year 2022, Payable as of 7 June 2023 Frequentis AG announced the dividend for the 2022 financial year was approved by the Annual General Meeting at EUR 0.22 (22 cents) per no-par value share with dividend entitlement; payment will be made as of 7 June 2023. Upcoming Dividend • May 29
Upcoming dividend of €0.22 per share at 0.8% yield Eligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.5%). Buying Opportunity • May 25
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €37.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 57%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings is also forecast to grow by 3.9% per annum over the same time period. Buying Opportunity • May 03
Now 20% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be €37.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 57%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings is also forecast to grow by 3.9% per annum over the same time period. Reported Earnings • Apr 14
Full year 2022 earnings: Revenues exceed analyst expectations Full year 2022 results: Revenue: €399.1m (up 20% from FY 2021). Net income: €18.7m (down 6.2% from FY 2021). Profit margin: 4.7% (down from 6.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.1%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Reported Earnings • Aug 18
First half 2022 earnings released: EPS: €0 (vs €0.28 in 1H 2021) First half 2022 results: EPS: €0 (down from €0.28 in 1H 2021). Revenue: €172.4m (up 19% from 1H 2021). Net loss: €377.0k (down 110% from profit in 1H 2021). Over the next year, revenue is forecast to grow 3.2%, compared to a 26% growth forecast for the Aerospace & Defense industry in Germany. Upcoming Dividend • Jun 01
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 08 June 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (1.4%). Price Target Changed • Apr 27
Price target increased to €34.21 Up from €30.46, the current price target is provided by 1 analyst. New target price is 20% above last closing price of €28.60. Stock is up 17% over the past year. The company is forecast to post earnings per share of €1.28 for next year compared to €1.50 last year. Price Target Changed • Mar 30
Price target increased to €30.46 Up from €28.05, the current price target is an average from 2 analysts. New target price is 9.6% above last closing price of €27.80. Stock is up 24% over the past year. The company is forecast to post earnings per share of €1.30 next year compared to a net loss per share of €0.30 last year. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 30% share price gain to €33.90, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 22x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 80% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €57.22 per share. Reported Earnings • Aug 23
First half 2021 earnings released: EPS €0.28 (vs €1.78 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €144.6m (up 9.3% from 1H 2020). Net income: €3.74m (up €27.3m from 1H 2020). Profit margin: 2.6% (up from net loss in 1H 2020). The move to profitability was primarily driven by lower expenses. Upcoming Dividend • May 19
Upcoming dividend of €0.15 per share Eligible shareholders must have bought the stock before 26 May 2021. Payment date: 28 May 2021. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.6%). Price Target Changed • Apr 28
Price target increased to €23.97 Up from €21.72, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of €24.20. Stock is up 43% over the past year. Executive Departure • Apr 20
CFO, Commercial Director & Member of the Executive Board has left the company On the 16th of April, Sylvia Bardach's tenure as CFO, Commercial Director & Member of the Executive Board ended after 13.8 years in the role. We don't have any record of a personal shareholding under Sylvia's name. Sylvia is the only executive to leave the company over the last 12 months. Price Target Changed • Apr 16
Price target increased to €23.97 Up from €17.50, the current price target is an average from 3 analysts. New target price is 5.1% above last closing price of €22.80. Stock is up 40% over the past year. Reported Earnings • Apr 11
Full year 2020 earnings released: €0.30 loss per share (vs €0.93 profit in FY 2019) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: €308.1m (up 1.4% from FY 2019). Net loss: €4.04m (down 134% from profit in FY 2019). Price Target Changed • Mar 30
Price target decreased to €17.50 Down from €21.17, the current price target is an average from 3 analysts. New target price is 21% below last closing price of €22.20. Stock is up 46% over the past year. Is New 90 Day High Low • Mar 02
New 90-day high: €21.00 The company is up 24% from its price of €16.90 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €30.44 per share. Is New 90 Day High Low • Feb 06
New 90-day high: €19.40 The company is up 15% from its price of €16.80 on 06 November 2020. The German market is also up 15% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Aerospace & Defense industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.52 per share. Is New 90 Day High Low • Jan 14
New 90-day high: €19.30 The company is up 19% from its price of €16.20 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Aerospace & Defense industry, which is up 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €30.12 per share. Is New 90 Day High Low • Dec 28
New 90-day high: €18.60 The company is up 10.0% from its price of €16.90 on 29 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Aerospace & Defense industry, which is up 44% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.04 per share.