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Frequentis

BATS-CHIXE:FQTV
Snowflake Description

Adequate balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FQTV
BATS-CHIXE
€268M
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

Frequentis AG provides communication and information systems and solutions worldwide. The last earnings update was 139 days ago. More info.


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FQTV Share Price and Events
7 Day Returns
0%
BATS-CHIXE:FQTV
3.5%
GB Aerospace & Defense
0.9%
GB Market
1 Year Returns
-
BATS-CHIXE:FQTV
31.2%
GB Aerospace & Defense
13.2%
GB Market
FQTV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Frequentis (FQTV) 0% 0% - - - -
GB Aerospace & Defense 3.5% 6.3% 12% 31.2% 13.6% 9.9%
GB Market 0.9% 3.4% 7.5% 13.2% 5.6% 11.8%
1 Year Return vs Industry and Market
  • No trading data on FQTV.
  • No trading data on FQTV.
Price Volatility
Industry
5yr Volatility vs Market

FQTV 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.

BATS-CHIXE:FQTV 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 6.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 BATS-CHIXE:FQTV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.9%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.866 (1 + (1- 25%) (17.8%))
0.988
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)
= 0.53% + (0.988 * 5.94%)
6.4%

Discounted Cash Flow Calculation for BATS-CHIXE:FQTV 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.

BATS-CHIXE:FQTV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.4%)
2020 11.99 Analyst x3 11.27
2021 13.17 Analyst x3 11.64
2022 16.14 Analyst x2 13.40
2023 15.30 Analyst x1 11.94
2024 16.20 Analyst x1 11.88
2025 16.82 Est @ 3.83% 11.59
2026 17.30 Est @ 2.84% 11.21
2027 17.67 Est @ 2.15% 10.76
2028 17.96 Est @ 1.66% 10.28
2029 18.20 Est @ 1.32% 9.79
Present value of next 10 years cash flows €113.00
BATS-CHIXE:FQTV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €18.20 × (1 + 0.53%) ÷ (6.4% – 0.53%)
€311.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €311.82 ÷ (1 + 6.4%)10
€167.71
BATS-CHIXE:FQTV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €113.00 + €167.71
€280.71
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €280.71 / 13.20
€21.27
BATS-CHIXE:FQTV Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:FQTV represents 0.92826x of XTRA:FQT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92826x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 21.27 x 0.92826
€19.74
Value per share (EUR) From above. €19.74
Current discount Discount to share price of €18.89
= -1 x (€18.89 - €19.74) / €19.74
4.3%

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

Current Discount
Amount off the current price Frequentis is available for.
Intrinsic value
4%
Share price is €18.89 vs Future cash flow value of €19.74
Current Discount Checks
For Frequentis to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Frequentis's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Frequentis's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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
BATS-CHIXE:FQTV 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 (2019-10-17) in EUR €20.35
United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry PE Ratio Median Figure of 9 Publicly-Listed Aerospace & Defense Companies 34.1x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 753 Publicly-Listed Companies 18.47x

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

** Primary Listing of Frequentis.

BATS-CHIXE:FQTV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 20.35 ÷ 1.04

19.55x

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 GB Aerospace & Defense industry average.
  • Frequentis is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Frequentis's expected growth come at a high price?
Raw Data
BATS-CHIXE:FQTV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
12.6%per year
United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry PEG Ratio Median Figure of 8 Publicly-Listed Aerospace & Defense Companies 2.43x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 556 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:FQTV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.55x ÷ 12.6%

1.56x

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
BATS-CHIXE:FQTV 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 (2019-10-17) in EUR €20.35
United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry PB Ratio Median Figure of 13 Publicly-Listed Aerospace & Defense Companies 2.39x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,315 Publicly-Listed Companies 1.62x
BATS-CHIXE:FQTV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 20.35 ÷ 8.25

2.47x

* 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 GB 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 1/6, 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.

FQTV 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
12.6%
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 0.5%.
Growth vs Market Checks
  • Frequentis's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Frequentis's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:FQTV Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:FQTV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 12.6%
BATS-CHIXE:FQTV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4.5%
United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 11.4%
United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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
BATS-CHIXE:FQTV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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.
BATS-CHIXE:FQTV Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 373 1
2023-12-31 360 1
2022-12-31 368 28 19 2
2021-12-31 349 23 16 3
2020-12-31 327 22 14 3
2020-01-14
2019-12-31 306 18 12 3
BATS-CHIXE:FQTV 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 12.6% yearly, however this is not considered high growth (20% yearly).
  • Frequentis's revenue is expected to grow by 4.5% 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
BATS-CHIXE:FQTV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 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 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:FQTV Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
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
2020-01-14
2019-12-31 0.97 1.01 0.95 3.00
BATS-CHIXE:FQTV 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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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 3/6, 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.

FQTV 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 GB Aerospace & Defense industry average in the past year (20.1% vs -13.2%).
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 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:FQTV 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

*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 less efficiently than the GB 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 3/6, 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.

FQTV 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 6 months ago.

BATS-CHIXE:FQTV 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
  • 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.

FQTV 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 1.4% 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
BATS-CHIXE:FQTV 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
United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 679 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 1.8%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:FQTV Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.29 1.00
2021-12-31 0.31 3.00
2020-12-31 0.26 3.00
2020-01-14
2019-12-31 0.21 3.00

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 1.1%) - 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.

FQTV 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 1.8 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 United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

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

12
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
34 yrs

Norbert Haslacher

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

Sylvia Bardach

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

Hermann Mattanovich

TITLE
CTO, COO & Member of the Executive Board
AGE
59
TENURE
11 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:

1.8
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
1.8 yrs

Karl Millauer

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

Boris Nemsic

TITLE
Member of the Suprevisory Board
AGE
61
TENURE
13 yrs

Gabriele Schedl

TITLE
Employee Representative Member of the Supervisory Board
TENURE
5 yrs

Reinhold Daxecker

TITLE
Member of Supervisory Board
TENURE
1.8 yrs

Siegfried Meisel

TITLE
Employee Representative Member of the Supervisory Board
TENURE
1 yrs

Petra Preining

TITLE
Member of the Supervisory Board
AGE
46
TENURE
0.3 yrs

Reinhard Steidl

TITLE
Employee Representative Member of the Supervisory Board
TENURE
0.3 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.

FQTV News

Simply Wall St News

FQTV 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
FQTV
Exchange: BATS-CHIXE
Founded: 1947
€267,629,979
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: 2020/01/14 19:47
End of day share price update: 2019/10/17 00:00
Last estimates confirmation: 2019/12/15
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.