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Frequentis

DB:FQT
Snowflake Description

Proven track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FQT
DB
€245M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Frequentis AG provides communication and information systems and solutions worldwide. The last earnings update was 45 days ago. More info.


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FQT Share Price and Events
7 Day Returns
3.6%
DB:FQT
0.8%
Europe Aerospace & Defense
2.5%
DE Market
1 Year Returns
-
DB:FQT
11.7%
Europe Aerospace & Defense
2.6%
DE Market
FQT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Frequentis (FQT) 3.6% 7.5% 4.1% - - -
Europe Aerospace & Defense 0.8% -2.9% 0.9% 11.7% 67.1% 114.9%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • No trading data on FQT.
  • No trading data on FQT.
Price Volatility
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Frequentis to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Frequentis.

DB:FQT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:FQT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.5%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.864 (1 + (1- 25%) (19.41%))
0.993
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.993 * 6.51%)
6.69%

Discounted Cash Flow Calculation for DB:FQT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Frequentis is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:FQT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.69%)
2020 12.99 Analyst x3 12.17
2021 14.51 Analyst x3 12.74
2022 16.14 Analyst x2 13.29
2023 15.30 Analyst x1 11.81
2024 14.78 Est @ -3.37% 10.69
2025 14.45 Est @ -2.29% 9.79
2026 14.22 Est @ -1.54% 9.04
2027 14.08 Est @ -1.01% 8.39
2028 13.99 Est @ -0.64% 7.81
2029 13.94 Est @ -0.38% 7.29
Present value of next 10 years cash flows €103.00
DB:FQT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €13.94 × (1 + 0.23%) ÷ (6.69% – 0.23%)
€216.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €216.08 ÷ (1 + 6.69%)10
€113.05
DB:FQT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €103.00 + €113.05
€216.05
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €216.05 / 13.20
€16.37
DB:FQT Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:FQT represents 0.99968x of XTRA:FQT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99968x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 16.37 x 0.99968
€16.36
Value per share (EUR) From above. €16.36
Current discount Discount to share price of €18.59
= -1 x (€18.59 - €16.36) / €16.36
-13.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Frequentis is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Frequentis's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Frequentis's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:FQT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €1.04
XTRA:FQT Share Price ** XTRA (2019-10-11) in EUR €18.6
Europe Aerospace & Defense Industry PE Ratio Median Figure of 36 Publicly-Listed Aerospace & Defense Companies 21.4x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Frequentis.

DB:FQT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:FQT Share Price ÷ EPS (both in EUR)

= 18.6 ÷ 1.04

17.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
Does Frequentis's expected growth come at a high price?
Raw Data
DB:FQT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
12.1%per year
Europe Aerospace & Defense Industry PEG Ratio Median Figure of 26 Publicly-Listed Aerospace & Defense Companies 1.59x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:FQT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.86x ÷ 12.1%

1.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Frequentis is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Frequentis's assets?
Raw Data
DB:FQT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €8.25
XTRA:FQT Share Price * XTRA (2019-10-11) in EUR €18.6
Europe Aerospace & Defense Industry PB Ratio Median Figure of 49 Publicly-Listed Aerospace & Defense Companies 1.96x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:FQT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:FQT Share Price ÷ Book Value per Share (both in EUR)

= 18.6 ÷ 8.25

2.25x

* Primary Listing of Frequentis.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Frequentis is overvalued based on assets compared to the Europe Aerospace & Defense industry average.
X
Value checks
We assess Frequentis's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. Frequentis has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Frequentis expected to grow at an attractive rate?
  • Frequentis's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Frequentis's earnings growth is positive but not above the Germany market average.
  • Frequentis's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:FQT Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:FQT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 12.1%
DB:FQT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 5.4%
Europe Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
Europe Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:FQT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:FQT Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 371 2
2022-12-31 368 28 19 3
2021-12-31 349 23 16 3
2020-12-31 327 22 14 3
2019-12-31 306 18 13 3
2019-10-12
DB:FQT Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 295 -4 13
2019-03-31 290 0 12
2018-12-31 286 5 11
2017-12-31 267 17 10
2016-12-31 241 39 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Frequentis's earnings are expected to grow by 12.1% yearly, however this is not considered high growth (20% yearly).
  • Frequentis's revenue is expected to grow by 5.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:FQT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Frequentis Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FQT Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 1.47 1.47 1.47 1.00
2021-12-31 1.21 1.28 1.13 3.00
2020-12-31 1.07 1.11 1.05 3.00
2019-12-31 0.98 1.01 0.95 2.00
2019-10-12
DB:FQT Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 1.04
2019-03-31 0.99
2018-12-31 0.94
2017-12-31 0.82
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Frequentis is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Frequentis's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Frequentis has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Frequentis performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Frequentis's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 (20.1% vs 8.4%)
  • Frequentis's earnings growth has exceeded the Europe Aerospace & Defense industry average in the past year (20.1% vs 16.4%).
Earnings and Revenue History
Frequentis's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Frequentis Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FQT Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 294.52 12.67 160.26
2019-03-31 290.15 11.97 156.94
2018-12-31 285.78 11.26 153.62
2017-12-31 266.99 9.85 144.83
2016-12-31 241.47 9.04 134.46
2015-12-31 220.35 11.29 105.81
2014-12-31 204.17 7.09 99.24
2013-12-31 186.38 7.12 93.25
2012-12-31 175.93 7.50 86.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Frequentis has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Frequentis used its assets more efficiently than the Europe Aerospace & Defense industry average last year based on Return on Assets.
  • Frequentis's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Frequentis's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Frequentis has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Frequentis's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Frequentis's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of Frequentis's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 17.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Frequentis Company Filings, last reported 3 months ago.

DB:FQT Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 103.06 10.59 64.22
2019-03-31 103.06 10.59 64.22
2018-12-31 85.63 10.77 55.54
2017-12-31 90.10 10.07 77.73
2016-12-31 81.05 9.64 69.11
2015-12-31 73.93 0.23 38.31
2014-12-31 68.19 0.47 42.21
2013-12-31 64.55 3.55 34.72
2012-12-31 59.48 1.36 18.71
  • Frequentis's level of debt (10.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3% vs 10.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 141.5x coverage).
X
Financial health checks
We assess Frequentis's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Frequentis has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Frequentis dividends. Estimated to be 1.42% next year.
If you bought €2,000 of Frequentis shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:FQT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 1.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:FQT Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.29 1.00
2021-12-31 0.31 3.00
2020-12-31 0.26 3.00
2019-12-31 0.20 2.00
2019-10-12

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of Frequentis's earnings are paid to the shareholders as a dividend.
  • 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 (4.5x coverage).
X
Income/ dividend checks
We assess Frequentis's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Frequentis afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Frequentis has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Norbert Haslacher
AGE 48
TENURE AS CEO 1.5 years
CEO Bio

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 Executive Board and Chief Executive Officer at Frequentis AG since April 16, 2018. He has been CSO at Frequentis AG since 2015. He has extensive experience and expertise from the world of IT to the international high-tech company.

CEO Compensation
  • Insufficient data for Norbert to compare compensation growth.
  • Insufficient data for Norbert to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Frequentis management team in years:

11.8
Average Tenure
58
Average Age
  • The average tenure for the Frequentis management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Johannes Bardach

TITLE
Chairman of Supervisory Board
AGE
67
TENURE
33.8 yrs

Norbert Haslacher

TITLE
CEO, Chairman of the Executive Board & CSO
AGE
48
TENURE
1.5 yrs

Sylvia Bardach

TITLE
CFO, Commercial Director & Member of the Executive Board
AGE
57
TENURE
12.8 yrs

Hermann Mattanovich

TITLE
CTO, COO & Member of the Executive Board
AGE
59
TENURE
10.8 yrs

Stefan Marin

TITLE
Head of Investor Relations

Brigitte Gschiegl

TITLE
Director of Corporate Communications
Board of Directors Tenure

Average tenure and age of the Frequentis board of directors in years:

1.5
Average Tenure
61
Average Age
  • The average tenure for the Frequentis board of directors is less than 3 years, this suggests a new board.
Board of Directors

Johannes Bardach

TITLE
Chairman of Supervisory Board
AGE
67
TENURE
1.5 yrs

Karl Millauer

TITLE
Deputy Chairman of the Supervisory Board
AGE
61
TENURE
1.5 yrs

Boris Nemsic

TITLE
Member of the Suprevisory Board
AGE
61
TENURE
12.8 yrs

Gabriele Schedl

TITLE
Employee Representative Member of the Supervisory Board
TENURE
4.8 yrs

Reinhold Daxecker

TITLE
Member of Supervisory Board
TENURE
1.5 yrs

Siegfried Meisel

TITLE
Employee Representative Member of the Supervisory Board
TENURE
0.8 yrs

Petra Preining

TITLE
Member of the Supervisory Board
AGE
46
TENURE
0.1 yrs

Reinhard Steidl

TITLE
Employee Representative Member of the Supervisory Board
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Frequentis's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Frequentis has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Can We Make Of Frequentis AG’s (FRA:FQT) High Return On Capital?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Frequentis: 0.14 = €16m ÷ (€198m - €82m) (Based on the trailing twelve months to December 2018.) So, Frequentis has an ROCE of 14%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise. … Our Take On Frequentis's ROCE Frequentis's ROCE does look good, but the level of current liabilities also contribute to that.

Simply Wall St -

Company Info

Description

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 management solutions, including voice communication, network, remote virtual tower, ATC tower communication and automation, surveillance, aeronautical information management (AIM), and ATS message handling system (AMHS) solutions, as well as ATM/unmanned traffic management integration services. It also provides solutions for airports and airlines, and data management services; defense solutions comprising communications, networks, situational awareness, remote and military tower, surveillance, AIM, and AMHS; emergency and critical infrastructure public safety systems; and operations communication, and incident and crisis management public transport systems. In addition, the company offers maritime systems consisting of search and rescue, coastal surveillance, and coastal radio, as well as port authority/vessel traffic systems; specialized communications systems, such as space and conference control systems; and innovation and research services. It serves civil and military air traffic control organisations and homeland security authorities; and rail infrastructure operators, and maritime, including coast guards and organisations operating canals, ports, and inland waterways. The company was founded in 1947 and is headquartered in Vienna, Austria. Frequentis AG is a subsidiary of Frequentis Group Holding GmbH.

Details
Name: Frequentis AG
FQT
Exchange: DB
Founded: 1947
€245,467,181
13,199,999
Website: http://www.frequentis.com
Address: Frequentis AG
Innovationsstrasse 1,
Vienna,
Vienna, 1100,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA FQT Share Capital XETRA Trading Platform DE EUR 08. May 2019
DB FQT Share Capital Deutsche Boerse AG DE EUR 08. May 2019
WBAG FQT Share Capital Wiener Boerse AG AT EUR 08. May 2019
BATS-CHIXE FQTV Share Capital BATS 'Chi-X Europe' GB EUR 08. May 2019
Number of employees
Current staff
Staff numbers
1,853
Frequentis employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 23:32
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/30
Last earnings filing: 2019/08/28
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.