1
2
Company CodeFEIM
3
Company NameFrequency Electronics, Inc.
4
Denominator1,000,000
5
1
Profile
2
SymbolPriceBetaVolavgMktcapLastdivRangeChangesCompanynameCurrencyCikIsinCusipExchange
Exchangeshortname
IndustryWebsiteDescriptionCeoSectorCountry
Fulltimeemployees
PhoneAddressCityStateZipDcfdiffDcfImageIpodateDefaultimageIsetfIsactivelytradingIsadrIsfund
3
FEIM12.190.39710684811662075516.53-14.5-0.47
Frequency Electronics, Inc.
USD39020US3580101067358010106
NASDAQ Global Market
NASDAQ
Communication Equipment
https://www.frequencyelectronics.com
Frequency Electronics, Inc., together with its subsidiaries, 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 satellites, secure communications, command, control, communication, computer, intelligence, security and reconnaissance, 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.
Dr. Thomas McClelland
TechnologyUS200516 794 4500
55 Charles Lindbergh Boulevard
Mitchel FieldNY11553-26.8945840.634579331980-06-18FALSEFALSETRUEFALSEFALSE
4
5
6
Income Statement - FY
7
DateSymbol
Reportedcurrency
CikFillingdateAccepteddateCalendaryearPeriodRevenueCostofrevenueGrossprofitGrossprofitratio
Researchanddevelopmentexpenses
Generalandadministrativeexpenses
Sellingandmarketingexpenses
Sellinggeneralandadministrativeexpenses
Otherexpenses
Operatingexpenses
Costandexpenses
InterestincomeInterestexpense
Depreciationandamortization
EbitdaEbitdaratio
Operatingincome
Operatingincomeratio
Totalotherincomeexpensesnet
Incomebeforetax
Incomebeforetaxratio
Incometaxexpense
NetincomeNetincomeratioEpsEpsdiluted
Weightedaverageshsout
Weightedaverageshsoutdil
LinkFinallink
8
2024-04-30FEIMUSD390202024-08-022024-08-02 13:25:282024FY5527400036691000185830000.336197850733800000010184000-700013564000502550000109000212400071360000.129102290450190000.090802185544500054640000.0988529869-13000055940000.10120490650.590.5994310009431000
https://www.sec.gov/Archives/edgar/data/39020/000118518524000753/0001185185-24-000753-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518524000753/freqelec20240430_10k.htm
9
2023-04-30FEIMUSD390202023-07-272023-07-27 17:13:282023FY407770003292800078490000.19248596023149000009372000700012521000454490001560007550002395000-4672000-0.1145743924-4672000-0.1145743924-755000-5427000-0.13308973274000-5501000-0.1349044805-0.59-0.5993374449337444
https://www.sec.gov/Archives/edgar/data/39020/000118518523000763/0001185185-23-000763-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518523000763/freqelec20230430_10k.htm
10
2022-04-30FEIMUSD390202022-12-212022-12-20 19:27:112022FY482960003969700085990000.1780478715497500000116620001600001663700056334000172000770003009000-7242000-0.1499503064-8038000-0.1664320027-624000-8662000-0.17935232731000-8663000-0.179373033-0.93-0.9392659349265934
https://www.sec.gov/Archives/edgar/data/39020/000118518522001440/0001185185-22-001440-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518522001440/freqelec20220430_10ka.htm
11
2021-04-30FEIMUSD390202021-06-302021-06-30 14:24:282021FY5425400037333000169210000.311884838469000000131890001103000178790005521200014340001270003020000-958000-0.0176576842-958000-0.017657684214340004760000.0087735467-2040006800000.01253363810.07410.074191775379248425
https://www.sec.gov/Archives/edgar/data/39020/000118518521000886/0001185185-21-000886-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518521000886/freqelec20210430_10k.htm
12
2020-04-30FEIMUSD390202020-07-292020-07-29 16:46:062020FY415070003572100057860000.139398173850770000011595000-106800016672000523930003290001070003533000-10886000-0.2622690149-10886000-0.2622690149-846000-11732000-0.2826511191-1742000-9990000-0.2406822946-1.1-1.190740009074000
https://www.sec.gov/Archives/edgar/data/39020/000118518520001054/0001185185-20-001054-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518520001054/freqelec20200430_10k.htm
13
2019-04-30FEIMUSD390202019-07-262019-07-26 14:01:102019FY4950900033720000157890000.3189117136506000121000000121000001340001860600052326000293000830002802000-2817000-0.0568987457-2817000-0.0568987457427000-2473000-0.04995051456000-2529000-0.0510816215-0.28-0.2889162508916250
https://www.sec.gov/Archives/edgar/data/39020/000118518519001020/0001185185-19-001020-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518519001020/freqelec20190430_10k.htm
14
2018-04-30FEIMUSD390202018-07-302018-07-30 16:57:462018FY394070003424400051630000.131017331969500000010608000-6900017558000518020000790002484000-9980000-0.2532544979-12395000-0.31453802621199000-11275000-0.286116679811176000-23777000-0.6033699597-2.69-2.6988389768841000
https://www.sec.gov/Archives/edgar/data/39020/000118518518001293/0001185185-18-001293-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518518001293/freqelec20180430_10k.htm
15
2017-04-30FEIMUSD390202017-07-312017-07-31 14:11:012017FY5035100039102000112490000.22341165026876000001189800087000187740005787600001500002638000-4800000-0.0953307779-7525000-0.149450855636000-7039000-0.1397986137-2115000-4821000-0.0957478501-0.55-0.5587870008787000
https://www.sec.gov/Archives/edgar/data/39020/000118518517001617/0001185185-17-001617-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518517001617/frequencyelectronic10k043017.htm
16
2016-04-30FEIMUSD390202016-07-292016-07-29 16:58:362016FY6039400039958000204360000.33837798465929000001320500041200019134000590920000131000249800013020000.02155843313020000.02155843390400020750000.0343577177107000010050000.01664072590.120.1187280008937000
https://www.sec.gov/Archives/edgar/data/39020/000118518516005052/0001185185-16-005052-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518516005052/frequencyele10k043016.htm
17
2015-04-30FEIMUSD390202015-07-292015-07-29 16:22:302015FY7656400053016000235480000.307559688656660000014207000-4200019873000728890000139000294400036750000.047999059636750000.0479990596100000045360000.0592445536171000028260000.03691029730.330.3286110008910000
https://www.sec.gov/Archives/edgar/data/39020/000118518515001955/0001185185-15-001955-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518515001955/frequency10k043015.htm
18
19
20
Balance Sheet - FY
21
DateSymbol
Reportedcurrency
CikFillingdateAccepteddateCalendaryearPeriod
Cashandcashequivalents
Shortterminvestments
Cashandshortterminvestments
NetreceivablesInventory
Othercurrentassets
Totalcurrentassets
Propertyplantequipmentnet
GoodwillIntangibleassets
Goodwillandintangibleassets
Longterminvestments
Taxassets
Othernoncurrentassets
Totalnoncurrentassets
OtherassetsTotalassets
Accountpayables
ShorttermdebtTaxpayables
Deferredrevenue
Othercurrentliabilities
Totalcurrentliabilities
Longtermdebt
Deferredrevenuenoncurrent
Deferredtaxliabilitiesnoncurrent
Othernoncurrentliabilities
Totalnoncurrentliabilities
Otherliabilities
Capitalleaseobligations
TotalliabilitiesPreferredstockCommonstock
Retainedearnings
Accumulatedothercomprehensiveincomeloss
Othertotalstockholdersequity
Totalstockholdersequity
Totalequity
Totalliabilitiesandstockholdersequity
Minorityinterest
Totalliabilitiesandtotalequity
Totalinvestments
TotaldebtNetdebtLinkFinallink
22
2024-04-30FEIMUSD390202024-08-022024-08-02 13:25:282024FY183200000183200001752300023431000123300060507000124740006170000617000945000-617001117130002513199918563900023480001640000370000240250005169000331820004545000-80018000809600012640999145450004582300009512000-20027000-1.14E-10503310003981600039816000856390000856390009450006185000-12135000
https://www.sec.gov/Archives/edgar/data/39020/000118518524000753/0001185185-24-000753-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518524000753/freqelec20240430_10k.htm
23
2023-04-30FEIMUSD390202023-07-272023-07-27 17:13:282023FY-763600019685000120490001463100020526000110100048307000144750006170000617000-162790001627900011097000261890000744960001464000175300030000185860005478000272810005883000-8000800084460001432900007636000416100003.73E-099374000-25621000-3.67E-094913300032886000328860007449600007449600019685000763600015272000
https://www.sec.gov/Archives/edgar/data/39020/000118518523000763/0001185185-23-000763-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518523000763/freqelec20230430_10k.htm
24
2022-04-30FEIMUSD390202022-12-212022-12-20 19:27:112022FY1156100099640002152500014268000199060001431000571300001736900061700006170000010764000287500000858800001080000174400011200012218000793900022981000735300008000885000016211000090970003919200009298000-20120000-4400005795000046688000466880008588000008588000099640009097000-2464000
https://www.sec.gov/Archives/edgar/data/39020/000118518522001440/0001185185-22-001440-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518522001440/freqelec20220430_10ka.htm
25
2021-04-30FEIMUSD390202021-06-302021-06-30 14:24:282021FY9807000103130002012000074630001966100014350004867900019385000617000061700000173350003733700008601600010800001715000167000-1080000638200080970008366000-8000800014144000225100000100810003060700009226000-11457000291000573490005540900055409000860160000860160001031300010081000274000
https://www.sec.gov/Archives/edgar/data/39020/000118518521000886/0001185185-21-000886-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518521000886/freqelec20210430_10k.htm
26
2020-04-30FEIMUSD390202020-07-292020-07-29 16:46:062020FY380800010570000143780001134500022996000255200051271000221310006170000617000-2109500021095000172930004004100009131200014240001869000379000-142400011119000129880009444000-8000800014608000240520000113130003704000009164000-121370004900005675500054272000542720009131200009131200010570000113130007505000
https://www.sec.gov/Archives/edgar/data/39020/000118518520001054/0001185185-20-001054-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518520001054/freqelec20200430_10k.htm
27
2019-04-30FEIMUSD390202019-07-262019-07-26 14:01:102019FY36830008199000118820001303200023356000308200052699000130380006170000617000800000-8000002041700034072000086771000118800001550000464900058370000001784500017845000002368200009164000-2111000460005599000063089000630890008677100008677100081990000-3683000
https://www.sec.gov/Archives/edgar/data/39020/000118518519001020/0001185185-19-001020-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518519001020/freqelec20190430_10k.htm
28
2018-04-30FEIMUSD390202018-07-302018-07-30 16:57:462018FY78690006149000140180009362000261860001050000520750001412700006170006170000016765000315090000835840001841000011300068000334800052570000001506500015065000002032200009164000-65000-9150005507800063262000632620008358400008358400061490000-7869000
https://www.sec.gov/Archives/edgar/data/39020/000118518518001293/0001185185-18-001293-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518518001293/freqelec20180430_10k.htm
29
2017-04-30FEIMUSD390202017-07-312017-07-31 14:11:012017FY21630007815000997800018950000290510001105000698550001481300061700061700061700014000119020001611800043464000011331900024370003193000128000232000224900081110000001587600015876000002398700009164000237120002281000541750008933200089332000113319000011331900078150000-2163000
https://www.sec.gov/Archives/edgar/data/39020/000118518517001617/0001185185-17-001617-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518517001617/frequencyelectronic10k043017.htm
30
2016-04-30FEIMUSD390202016-07-292016-07-29 16:58:362016FY608200011111000171930002137700041278000446300084311000130720006170000617000-83190007702000228310003590300001202140002650000012540006400005468000875800060000000012104000181040000026862000091640002853300019640005369100093352000933520001202140000120214000111110006000000-82000
https://www.sec.gov/Archives/edgar/data/39020/000118518516005052/0001185185-16-005052-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518516005052/frequencyele10k043016.htm
31
2015-04-30FEIMUSD390202015-07-292015-07-29 16:22:302015FY722200011186000184080002261800038239000433400083599000126860006160001000617000-79770007360000215400003422600001178250001720000010120007200005910000835000060000000011665000176650000026015000091640002752800028900005222800091810000918100001178250000117825000111860006000000-1222000
https://www.sec.gov/Archives/edgar/data/39020/000118518515001955/0001185185-15-001955-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518515001955/frequency10k043015.htm
32
33
34
Cash Flow - FY
35
DateSymbol
Reportedcurrency
CikFillingdateAccepteddateCalendaryearPeriodNetincome
Depreciationandamortization
Deferredincometax
Stockbasedcompensation
Changeinworkingcapital
Accountsreceivables
Inventory
Accountspayables
Otherworkingcapital
Othernoncashitems
Netcashprovidedbyoperatingactivities
Investmentsinpropertyplantandequipment
Acquisitionsnet
Purchasesofinvestments
Salesmaturitiesofinvestments
Otherinvestingactivites
Netcashusedforinvestingactivites
Debtrepayment
Commonstockissued
Commonstockrepurchased
Dividendspaid
Otherfinancingactivites
Netcashusedprovidedbyfinancingactivities
Effectofforexchangesoncash
Netchangeincash
Cashatendofperiod
Cashatbeginningofperiod
Operatingcashflow
Capitalexpenditure
FreecashflowLinkFinallink
36
2024-04-30FEIMUSD390202024-08-022024-08-02 13:25:282024FY559400021240000822000-10800010000-38170008840003054000-1040008708000-14920000000-14920000000000721600019265000120490008708000-14920007216000
https://www.sec.gov/Archives/edgar/data/39020/000118518524000753/0001185185-24-000753-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518524000753/freqelec20240430_10k.htm
37
2023-04-30FEIMUSD390202023-07-272023-07-27 17:13:282023FY-550100024340002690001970001645000-332000-1220000384000281300021310001175000-918000-9585000-13820001096700095850008667000000-9354000-9354000-9354000048800012049000115610001175000-918000257000
https://www.sec.gov/Archives/edgar/data/39020/000118518523000763/0001185185-23-000763-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518523000763/freqelec20230430_10k.htm
38
2022-04-30FEIMUSD390202022-12-212022-12-20 19:27:112022FY-86630003025000024700073200001574000-464000-1000621100021070004036000-1860000422000-25110002089000-422000-2282000000000017540001156100098070004036000-18600002176000
https://www.sec.gov/Archives/edgar/data/39020/000118518522001440/0001185185-22-001440-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518522001440/freqelec20220430_10ka.htm
39
2021-04-30FEIMUSD390202021-06-302021-06-30 14:24:282021FY680000330100013890002730006795000-7520003002000-2050004750000-28100012157000-12390001239000-24520002498000-1239000-1193000-4965000000-4965000-4965000059990009807000380800012157000-123900010918000
https://www.sec.gov/Archives/edgar/data/39020/000118518521000886/0001185185-21-000886-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518521000886/freqelec20210430_10k.htm
40
2020-04-30FEIMUSD390202020-07-292020-07-29 16:46:062020FY-10026000331900080003120002185000197000017000374000-1760002795000-1407000-14830001483000-54890003539000-1483000-3433000-496500000049650004965000012500038080003683000-1407000-1483000-2890000
https://www.sec.gov/Archives/edgar/data/39020/000118518520001054/0001185185-20-001054-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518520001054/freqelec20200430_10k.htm
41
2019-04-30FEIMUSD390202019-07-262019-07-26 14:01:102019FY-252900028020003364000500000-4299000-2994000-199000-195000-91100065000-97000-27670002767000-37050001812000-2767000-4660000000000606000-415100037180007869000-97000-2767000-2864000
https://www.sec.gov/Archives/edgar/data/39020/000118518519001020/0001185185-19-001020-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518519001020/freqelec20190430_10k.htm
42
2018-04-30FEIMUSD390202018-07-302018-07-30 16:57:462018FY-237770002484000963800047000086350005898000-2105000379000446300070830004533000-1418000188000-496100064770005500034100000000550002570005131000786900027380004533000-14180003115000
https://www.sec.gov/Archives/edgar/data/39020/000118518518001293/0001185185-18-001293-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518518001293/freqelec20180430_10k.htm
43
2017-04-30FEIMUSD390202017-07-312017-07-31 14:11:012017FY-48210002638000-1355000662000-2931000-36020002172000-746000-75500096950003888000-52330005233000-5750004397000-5273000-1451000-6000000000-671000-6671000890000-3344000273800060820003888000-5233000-1345000
https://www.sec.gov/Archives/edgar/data/39020/000118518517001617/0001185185-17-001617-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518517001617/frequencyelectronic10k043017.htm
44
2016-04-30FEIMUSD390202016-07-292016-07-29 16:58:362016FY10050002712000-1265000824000-1234000-1723000-3306000117900026160008810002923000-34370003437000-13560001267000-3437000-35260000000141000141000-678000-1140000608200072220002923000-3437000-514000
https://www.sec.gov/Archives/edgar/data/39020/000118518516005052/0001185185-16-005052-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518516005052/frequencyele10k043016.htm
45
2015-04-30FEIMUSD390202015-07-292015-07-29 16:22:302015FY28260002944000-7200001077000-5200000-3206000126700025000-32860009550001882000-41570004157000-19560007271000-41570001158000-64000000002500000-3900000384000-476000722200076980001882000-4157000-2275000
https://www.sec.gov/Archives/edgar/data/39020/000118518515001955/0001185185-15-001955-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518515001955/frequency10k043015.htm
46
47
48
Ratios - FY
49
SymbolDateCalendaryearPeriodCurrentratioQuickratioCashratio
Daysofsalesoutstanding
Daysofinventoryoutstanding
Operatingcycle
Daysofpayablesoutstanding
Cashconversioncycle
Grossprofitmargin
Operatingprofitmargin
Pretaxprofitmargin
NetprofitmarginEffectivetaxrateReturnonassetsReturnonequity
Returnoncapitalemployed
Netincomeperebt
EbtperebitEbitperrevenueDebtratioDebtequityratio
Longtermdebttocapitalization
Totaldebttocapitalization
Interestcoverage
Cashflowtodebtratio
Companyequitymultiplier
Receivablesturnover
Payablesturnover
Inventoryturnover
Fixedassetturnover
Assetturnover
Operatingcashflowpershare
Freecashflowpershare
CashpersharePayoutratio
Operatingcashflowsalesratio
Freecashflowoperatingcashflowratio
Cashflowcoverageratios
Shorttermcoverageratios
Capitalexpenditurecoverageratio
Dividendpaidandcapexcoverageratio
Dividendpayoutratio
Pricebookvalueratio
Pricetobookratio
Pricetosalesratio
Priceearningsratio
Pricetofreecashflowsratio
Pricetooperatingcashflowsratio
Pricecashflowratio
Priceearningstogrowthratio
PricesalesratioDividendyield
Enterprisevaluemultiple
Pricefairvalue
50
FEIM2024-04-302024FY1.8234886381.1173527820.5521065638115.7125412233.0902674348.802808523.35777166325.44503690.33619785070.090802185480.098852986940.1012049065-0.02379209370.065320706690.14049628290.095678365141.0237920941.088663080.090802185480.072221768120.1553395620.1024548590.134453598846.045871561.4079223932.1508689973.15436854415.626490631.5659169484.4311367640.64543023620.92333792810.76513625281.94252995400.1575424250.82866329811.4079223935.309756098-5.836461126-5.83646112602.273899942.273899941.63797807316.184769412.5467849210.3970601710.39706017-0.080923846981.637978073010.986911432.27389994
51
FEIM2023-04-302023FY1.7707195481.018327774-0.2799017631130.9639012227.5264213358.490322516.22813411342.26218840.1924859602-0.1145743924-0.133089732-0.1349044805-0.01363552607-0.07384289089-0.1672748282-0.098951604361.0136355261.161601027-0.11457439240.10250214780.23219607130.15174495090.1884408469-6.188079470.15387637512.2652800582.78702754422.491803281.6042092962.8170639030.5473716710.12583743470.027523592111.290395958-1.7004181060.028815263510.21872340430.15387637510.6702795208-1.2799564270.1392840209-1.7004181061.8484084551.8484084551.490711932-11.05012915236.524359751.7334131451.733413140.30225353261.4907119320.153882193-16.279700441.848408455
52
FEIM2022-04-302022FY2.4859666681.6197728560.5030677516107.8312904183.0286923290.85998279.930221427280.92976130.1780478715-0.1664320027-0.1793523273-0.179373033-0.000115446779-0.1008733116-0.185550891-0.12779217481.0001154471.077631252-0.16643200270.10592687470.19484664150.13606335930.1630725105-104.38961040.4436627461.8394448253.38491729736.756481481.9942228472.7805861020.56236609220.43557400690.23483871132.32302539600.083567997350.5391476710.4436627462.314220183-2.169892473-2.16989247301.6095511641.6095511641.555961668-8.67444588934.5343404118.619109218.61910920.006401518181.5559616680-10.036277931.609551164
53
FEIM2021-04-302021FY6.0119797463.5837964681.21118932950.20818741192.2231002242.431287610.55902285231.87226480.311884838-0.017657684230.0087735466510.01253363807-0.42857142860.0079055059520.01227237452-0.012294818981.428571429-0.496868476-0.017657684230.11719912570.18193795230.13117992940.153931898-7.5433070871.2059319511.5523831877.26973067134.567592591.8988352582.7987619290.63074311761.3246473431.1896438012.19230933100.22407564420.89808340871.2059319517.088629738-9.811945117-9.81194511701.7788941761.7788941761.816764614144.95109919.0279123818.1078183258.107818325-1.3580292051.8167646140-103.17405781.778894176
54
FEIM2020-04-302020FY3.9475669852.1770095470.293193717399.76449755234.9749447334.739442314.5505445320.18889780.1393981738-0.2622690149-0.2826511191-0.24068229460.1484827821-0.1094051165-0.1840728184-0.13898677290.85151721791.077714496-0.26226901490.12389390220.20845002950.14822022730.1724937105-101.7383178-0.12437019361.6824882083.6586161325.084971911.5533571061.8755139850.4545623795-0.1550584086-0.31849239591.5845272210-0.033897896742.054015636-0.1243701936-0.75280898880.94875252870.948752528701.6786364981.6786364982.194881827-9.119415415-31.52351557-64.74979389-64.74979389-0.031139467272.1948818270-9.0582362671.678636498
55
FEIM2019-04-302019FY9.0284392675.02706870.630974815896.0770769252.8155397348.892616612.8594306336.0331860.318911713-0.05689874568-0.04995051405-0.05108162152-0.02264456126-0.02914568231-0.04008622739-0.034806138331.0226445610.8778842741-0.056898745680000-33.9397590401.3753744713.79903314928.383838381.4437403673.797284860.5705708128-0.01087901304-0.32121127161.332623020-0.00195923973429.5257732000.035056017350.0350560173501.7030038911.7030038912.170126896-42.48351621-37.51425017-1107.637242-1107.6372420.47419360422.1701268960-36.832734291.703003891
56
57
Income Statement - Q
58
DateSymbol
Reportedcurrency
CikFillingdateAccepteddateCalendaryearPeriodRevenueCostofrevenueGrossprofitGrossprofitratio
Researchanddevelopmentexpenses
Generalandadministrativeexpenses
Sellingandmarketingexpenses
Sellinggeneralandadministrativeexpenses
Otherexpenses
Operatingexpenses
Costandexpenses
InterestincomeInterestexpense
Depreciationandamortization
EbitdaEbitdaratio
Operatingincome
Operatingincomeratio
Totalotherincomeexpensesnet
Incomebeforetax
Incomebeforetaxratio
Incometaxexpense
NetincomeNetincomeratioEpsEpsdiluted
Weightedaverageshsout
Weightedaverageshsoutdil
LinkFinallink
59
2024-07-31FEIMUSD390202024-09-132024-09-13 14:03:432025Q115077000837900066980000.4442528354148800000284500004333000127120000-26000023650000.156861444623650000.156861444619800025630000.169994030613300024300000.16117264710.250.2595380009538000
https://www.sec.gov/Archives/edgar/data/39020/000118518524000882/0001185185-24-000882-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518524000882/freqelec20240731_10q.htm
60
2024-04-30FEIMUSD390202024-08-022024-08-02 13:25:282024Q415576000929500062810000.40324858761076000002711000037870001308200002300053100024940000.160118130524940000.1601181305-1800024760000.1589625064-14900026250000.16852850540.280.2895020009502000
https://www.sec.gov/Archives/edgar/data/39020/000118518524000753/0001185185-24-000753-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518524000753/freqelec20240430_10k.htm
61
2024-01-31FEIMUSD390202024-03-182024-03-18 16:56:202024Q3137140001061000031040000.22633804879580000026190000357700014187000027000608500-473000-0.0344903019-473000-0.03449030196090001360000.009916873360001300000.00947936420.01380.013894399399439939
https://www.sec.gov/Archives/edgar/data/39020/000118518524000269/0001185185-24-000269-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518524000269/freqelec20240131_10q.htm
62
2023-10-31FEIMUSD390202023-12-152023-12-15 15:12:252024Q213575000924500043300000.318968692484000000255200003392000126370000-290006085009380000.06909760599380000.0690976059-1350008030000.059152854560007970000.05871086560.08480.084893990529399052
https://www.sec.gov/Archives/edgar/data/39020/000118518523001307/0001185185-23-001307-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518523001307/freqelec20231031_10q.htm
63
2023-07-31FEIMUSD390202023-09-142023-09-14 16:30:452024Q112408000754000048680000.39232753065060000023020000280800010348000200003100060850020600000.166021921320600000.16602192132000020490000.1651353965700020420000.16457124440.220.2293840009384000
https://www.sec.gov/Archives/edgar/data/39020/000118518523000972/0001185185-23-000972-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518523000972/freqelec20230731_10q.htm
64
2023-04-30FEIMUSD390202023-07-272023-07-27 17:13:282023Q413004000896500040390000.3105967395658000002989000200036470001261200075000780006085003920000.03014457093920000.0301445709-780003140000.0241464165680002460000.01891725620.02630.026393660009366000
https://www.sec.gov/Archives/edgar/data/39020/000118518523000763/0001185185-23-000763-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518523000763/freqelec20230430_10k.htm
65
2023-01-31FEIMUSD390202023-03-172023-03-17 13:29:412023Q310620000715500034650000.3262711864783000002357000500031400001029500018000180007562503250000.0306026365-295000-0.0277777778-18000-313000-0.0294726933000-316000-0.0297551789-0.0338-0.033893490009349000
https://www.sec.gov/Archives/edgar/data/39020/000118518523000229/0001185185-23-000229-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518523000229/freqelec20230131_10q.htm
66
2022-10-31FEIMUSD390202022-12-202022-12-20 16:25:252023Q2894900085990003500000.039110515159900000203400002633000112320001800018000756250-2283000-0.2551123031-2283000-0.2551123031-30000-2313000-0.25846463291000-2314000-0.2585763772-0.25-0.2593263479326347
https://www.sec.gov/Archives/edgar/data/39020/000118518522001436/0001185185-22-001436-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518522001436/freqelec20221031_10q.htm
67
2022-07-31FEIMUSD390202022-09-142022-09-14 17:16:242023Q182040008209000-5000-0.000609458811100000019920000310200011311000045000756250-3107000-0.3787176987-3107000-0.3787176987-9000-3116000-0.37981472451000-3117000-0.3799366163-0.33-0.3393079399308000
https://www.sec.gov/Archives/edgar/data/39020/000118518522001107/0001185185-22-001107-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518522001107/freqelec20220731_10q.htm
68
2022-04-30FEIMUSD390202022-07-142022-07-14 15:22:402022Q41016100012953000-2792000-0.274776104711140000020260000314000016093000-196000123000756250-5932000-0.583800807-5932000-0.583800807-919000-6851000-0.674244661-3000-6848000-0.6739494144-0.74-0.7492920009292000
https://www.sec.gov/Archives/edgar/data/39020/000118518522000822/0001185185-22-000822-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518522000822/freqelec20220430_10k.htm
69
2022-01-31FEIMUSD390202022-03-152022-03-15 13:27:122022Q312245000900500032400000.26459779511290000028320002000396100012966000019000825250-721000-0.058881176-721000-0.0588811766000-734000-0.05994283381000-735000-0.0600244998-0.0792-0.079292788409279000
https://www.sec.gov/Archives/edgar/data/39020/000118518522000280/0001185185-22-000280-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518522000280/freqelec20220131_10q.htm
70
2021-10-31FEIMUSD390202021-12-142021-12-14 13:38:412022Q212936000884500040910000.3162492271377000002411000118000378800012633000196000200008252503030000.02342300563030000.02342300562160004990000.038574520720004970000.03841991340.050.0592560009302000
https://www.sec.gov/Archives/edgar/data/39020/000118518521001837/0001185185-21-001837-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518521001837/freqelec20211031_10q.htm
71
72
73
Cash Flow - Q
74
DateSymbol
Reportedcurrency
CikFillingdateAccepteddateCalendaryearPeriodNetincome
Depreciationandamortization
Deferredincometax
Stockbasedcompensation
Changeinworkingcapital
Accountsreceivables
Inventory
Accountspayables
Otherworkingcapital
Othernoncashitems
Netcashprovidedbyoperatingactivities
Investmentsinpropertyplantandequipment
Acquisitionsnet
Purchasesofinvestments
Salesmaturitiesofinvestments
Otherinvestingactivites
Netcashusedforinvestingactivites
Debtrepayment
Commonstockissued
Commonstockrepurchased
Dividendspaid
Otherfinancingactivites
Netcashusedprovidedbyfinancingactivities
Effectofforexchangesoncash
Netchangeincash
Cashatendofperiod
Cashatbeginningofperiod
Operatingcashflow
Capitalexpenditure
FreecashflowLinkFinallink
75
2024-07-31FEIMUSD390202024-09-132024-09-13 14:03:432025Q12430000000000000-1520000-3270000000-3270000000000-18470001741800019265000-1520000-327000-1847000
https://www.sec.gov/Archives/edgar/data/39020/000118518524000882/0001185185-24-000882-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518524000882/freqelec20240731_10q.htm
76
2024-04-30FEIMUSD390202024-08-022024-08-02 13:25:282024Q42625000212400008220003576000-358000-3817000884000601100012810007482000-8210000000-8210000000000665700018320000116630007482000-8210006661000
https://www.sec.gov/Archives/edgar/data/39020/000118518524000753/0001185185-24-000753-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518524000753/freqelec20240430_10k.htm
77
2024-01-31FEIMUSD390202024-03-182024-03-18 16:56:202024Q3130000000318700000031870008900004207000-3110000000-311000000000038960001260400087080004207000-3110003896000
https://www.sec.gov/Archives/edgar/data/39020/000118518524000269/0001185185-24-000269-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518524000269/freqelec20240131_10q.htm
78
2023-10-31FEIMUSD390202023-12-152023-12-15 15:12:252024Q2797000000-1706000000-1706000729000-180000-1730000000-1730000000000-35300087080009061000-180000-173000-353000
https://www.sec.gov/Archives/edgar/data/39020/000118518523001307/0001185185-23-001307-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518523001307/freqelec20231031_10q.htm
79
2023-07-31FEIMUSD390202023-09-142023-09-14 16:30:452024Q12042000000-6305000000-63050001462000-2801000-1870000000-1870000000000-2988000906100012049000-2801000-187000-2988000
https://www.sec.gov/Archives/edgar/data/39020/000118518523000972/0001185185-23-000972-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518523000972/freqelec20230731_10q.htm
80
2023-04-30FEIMUSD390202023-07-272023-07-27 17:13:282023Q42460002434000-2631000197000-3383000567000-1220000384000-31140002364000-773000-32000102700000-1027000-32000000-93540000-93540009354000-8050001204900012854000-773000-32000-805000
https://www.sec.gov/Archives/edgar/data/39020/000118518523000763/0001185185-23-000763-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518523000763/freqelec20230430_10k.htm
81
2023-01-31FEIMUSD390202023-03-172023-03-17 13:29:412023Q3-3160000001272000000127200014580002414000-157000-98310001000983000098310009674000000-9354000-9354000-93540000273400012854000101200002414000-1570002257000
https://www.sec.gov/Archives/edgar/data/39020/000118518523000229/0001185185-23-000229-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518523000229/freqelec20230131_10q.htm
82
2022-10-31FEIMUSD390202022-12-202022-12-20 16:25:252023Q2-2314000000502900000050290003930003108000-264000-30000-8000011000030000-234000000000028740001012000072460003108000-2640002844000
https://www.sec.gov/Archives/edgar/data/39020/000118518522001436/0001185185-22-001436-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518522001436/freqelec20221031_10q.htm
83
2022-07-31FEIMUSD390202022-09-142022-09-14 17:16:242023Q1-3117000000-1273000000-1273000816000-3574000-465000-1027000-130300010270001027000-7410000000000-4315000724600011561000-3574000-465000-4039000
https://www.sec.gov/Archives/edgar/data/39020/000118518522001107/0001185185-22-001107-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518522001107/freqelec20220731_10q.htm
84
2022-04-30FEIMUSD390202022-07-142022-07-14 15:22:402022Q4-68500003025000024700044070001574000-464000-10003298000-76300066000-3260002172000-665000350000-2172000-6410000000000-575000115610001213600066000-326000-260000
https://www.sec.gov/Archives/edgar/data/39020/000118518522000822/0001185185-22-000822-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518522000822/freqelec20220430_10k.htm
85
2022-01-31FEIMUSD390202022-03-152022-03-15 13:27:122022Q3-7350000001939000000193900011050002309000-426000-312000-682000312000312000-7960000000000151300012136000106230002309000-4260001883000
https://www.sec.gov/Archives/edgar/data/39020/000118518522000280/0001185185-22-000280-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518522000280/freqelec20220131_10q.htm
86
2021-10-31FEIMUSD390202021-12-142021-12-14 13:38:412022Q249700000093500000093500010570002489000-6040000-488000325000-163000-767000000000017220001062300089010002489000-6040001885000
https://www.sec.gov/Archives/edgar/data/39020/000118518521001837/0001185185-21-001837-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518521001837/freqelec20211031_10q.htm
87
88
89
Balance Sheet - Q
90
DateSymbol
Reportedcurrency
CikFillingdateAccepteddateCalendaryearPeriod
Cashandcashequivalents
Shortterminvestments
Cashandshortterminvestments
NetreceivablesInventory
Othercurrentassets
Totalcurrentassets
Propertyplantequipmentnet
GoodwillIntangibleassets
Goodwillandintangibleassets
Longterminvestments
Taxassets
Othernoncurrentassets
Totalnoncurrentassets
OtherassetsTotalassets
Accountpayables
ShorttermdebtTaxpayables
Deferredrevenue
Othercurrentliabilities
Totalcurrentliabilities
Longtermdebt
Deferredrevenuenoncurrent
Deferredtaxliabilitiesnoncurrent
Othernoncurrentliabilities
Totalnoncurrentliabilities
Otherliabilities
Capitalleaseobligations
TotalliabilitiesPreferredstockCommonstock
Retainedearnings
Accumulatedothercomprehensiveincomeloss
Othertotalstockholdersequity
Totalstockholdersequity
Totalequity
Totalliabilitiesandstockholdersequity
Minorityinterest
Totalliabilitiesandtotalequity
Totalinvestments
TotaldebtNetdebtLinkFinallink
91
2024-07-31FEIMUSD390202024-09-132024-09-13 14:03:432025Q11620100001620100059220002430800012794000592250001195000061700006170000012472000250390000842640001553000146800079000790003567200038693000430100000806800012369000057690005106200009568000-1759700004123100033202000332020008426400008426400005769000-10432000
https://www.sec.gov/Archives/edgar/data/39020/000118518524000882/0001185185-24-000882-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518524000882/freqelec20240731_10q.htm
92
2024-04-30FEIMUSD390202024-08-022024-08-02 13:25:282024Q4183200000183200001752300023431000123300060507000124740006170000617000945000-617001117130002513199918563900023480001640000370000240250005169000331820004545000-80018000809600012640999145450004582300009512000-20027000-1.14E-10503310003981600039816000856390000856390009450006185000-12135000
https://www.sec.gov/Archives/edgar/data/39020/000118518524000753/0001185185-24-000753-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518524000753/freqelec20240430_10k.htm
93
2024-01-31FEIMUSD390202024-03-182024-03-18 16:56:202024Q3116630000116630001598200023159000127600052080000125550006170000617000941000-61700012168000256640000777440001723000178300024000183700006148000280240004716000-80008000833099913046999147160004107100009487000-22652000-1.14E-10498380003667300036673000777440000777440009410006499000-5164000
https://www.sec.gov/Archives/edgar/data/39020/000118518524000269/0001185185-24-000269-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518524000269/freqelec20240131_10q.htm
94
2023-10-31FEIMUSD390202023-12-152023-12-15 15:12:252024Q2-689500015603000870800016255000230710001669000497030001312900061700006170000011280000250260000747290001245000176900030000164350005530000249790005126000-80008000836900013495000068950003847400009405000-22782000-3.67E-094963200036255000362550007472900007472900015603000689500013790000
https://www.sec.gov/Archives/edgar/data/39020/000118518523001307/0001185185-23-001307-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518523001307/freqelec20231031_10q.htm
95
2023-07-31FEIMUSD390202023-09-142023-09-14 16:30:452024Q190610000906100017413000226040001158000502630001384000061700006170000011251000257080000759710001214000176600027000183560005544000268800005518000826700080001290001392200007284000408020000.00E+009391000-23579000-1.14E-104935700035169000351690007597100007597100007284000-1777000
https://www.sec.gov/Archives/edgar/data/39020/000118518523000972/0001185185-23-000972-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518523000972/freqelec20230731_10q.htm
96
2023-04-30FEIMUSD390202023-07-272023-07-27 17:13:282023Q4-763600019685000120490001463100020526000110100048307000144750006170000617000-1627900016279000110970002618900007449600014640001753000341000185860005478000272810005883000-8000800084460001432900007636000416100003.73E-099374000-25621000-3.67E-094913300032886000328860007449600007449600019685000763600015272000
https://www.sec.gov/Archives/edgar/data/39020/000118518523000763/0001185185-23-000763-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518523000763/freqelec20230430_10k.htm
97
2023-01-31FEIMUSD390202023-03-172023-03-17 13:29:412023Q3128540000128540001339500020562000115400047965000154780006170000617000001118300027278000075243000155600017510009800018737000607400028118000626100008000848200014751000080120004286900009354000-258670003.33E-094888700032374000323740007524300007524300008012000-4842000
https://www.sec.gov/Archives/edgar/data/39020/000118518523000229/0001185185-23-000229-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518523000229/freqelec20230131_10q.htm
98
2022-10-31FEIMUSD390202022-12-202022-12-20 16:25:252023Q21012000096120001973200014328000198780001208000552480001625200061700006170000010959000278280000830760001461000175100010200016976000668900026877000662900008000862300015260000083800004213700009334000-25551000-9910005814700040939000409390008307600008307600096120008380000-1740000
https://www.sec.gov/Archives/edgar/data/39020/000118518522001436/0001185185-22-001436-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518522001436/freqelec20221031_10q.htm
99
2022-07-31FEIMUSD390202022-09-142022-09-14 17:16:242023Q17246000102210001746700015569000197520001614000544020001691100061700006170000010903000284310000828330001232000175000026500012837000767900023498000699200008000865300015653000087420003915100009315000-23237000-426000580300004368200043682000828330000828330001022100087420001496000
https://www.sec.gov/Archives/edgar/data/39020/000118518522001107/0001185185-22-001107-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518522001107/freqelec20220731_10q.htm
100
2022-04-30FEIMUSD390202022-07-142022-07-14 15:22:402022Q41156100099640002152500014268000199060001431000571300001736900061700006170000010764000287500000858800001080000174400011200012218000793900022981000735300008000885000016211000090970003919200009298000-20120000-4400005795000046688000466880008588000008588000099640009097000-2464000
https://www.sec.gov/Archives/edgar/data/39020/000118518522000822/0001185185-22-000822-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518522000822/freqelec20220430_10k.htm
101
2022-01-31FEIMUSD390202022-03-152022-03-15 13:27:122022Q31213600010107000222430006834000197100001605000503920001832300061700006170001010700080001769000308240000812160001188000173900045000031150004399000104410007708000-80008000922000016928000094470002736900009285000-13270000400057828000538470005384700081216000081216000202140009447000-2689000
https://www.sec.gov/Archives/edgar/data/39020/000118518522000280/0001185185-22-000280-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518522000280/freqelec20220131_10q.htm
102
2021-10-31FEIMUSD390202021-12-142021-12-14 13:38:412022Q210623000995500020578000874300019477000167900050477000184900006170000617000800000-8000001179400030901000081378000970000177900045300034790003782000100100007605000-80008000913400016739000093840002674900009264000-125350002130005768700054629000546290008137800008137800099550009384000-1239000
https://www.sec.gov/Archives/edgar/data/39020/000118518521001837/0001185185-21-001837-index.htm
https://www.sec.gov/Archives/edgar/data/39020/000118518521001837/freqelec20211031_10q.htm
103
104
153
Treasury rates
154
155
2024-09-03202493
156
DateMonth1Month2Month3Month6Year1Year2Year3Year5Year7Year10Year20Year30
157
2024-09-165.115.14.964.553.963.563.423.413.513.634.013.94
158
2024-09-135.155.174.974.643.573.423.433.533.664.053.98
159
2024-09-125.185.225.064.684.093.643.473.473.573.684.074
160
2024-09-115.215.195.14.724.123.623.453.453.543.654.033.96
161
2024-09-105.185.185.064.654.073.593.423.433.533.654.043.97
162
2024-09-095.255.255.114.684.123.683.543.493.583.74.084
163
2024-09-065.285.285.134.694.13.663.543.53.63.724.14.03
164
2024-09-055.35.295.154.734.213.753.613.543.633.734.114.02
165
2024-09-045.335.285.184.744.233.763.633.563.653.774.144.06
166
2024-09-035.385.315.194.84.353.883.733.653.733.844.214.13
167
2024-03-055.55.475.475.354.944.544.324.134.154.134.394.27
168
169
Market Risk Premium
170
171
CountryContinent
Countryriskpremium
Totalequityriskpremium
172
AlbaniaEurope6.5811.18
173
AlgeriaAfrica6.5811.18
174
Andorra (Principality of)Europe2.787.38
175
AngolaAfrica9.5114.11
176
AnguillaNorth America18.7518.75
177
Antigua and BarbudaNorth America18.7518.75
178
ArgentinaSouth America17.5522.15
179
ArmeniaAsia5.269.86
180
ArubaNorth America2.787.38
181
AustraliaOceania04.6
182
AustriaEurope0.585.18
183
AzerbaijanAsia3.668.26
184
BahamasNorth America6.5811.18
185
BahrainAsia8.0412.64
186
BangladeshAsia6.5811.18
187
BarbadosNorth America9.5114.11
188
BelarusEurope23.4928.09
189
BelgiumEurope0.885.48
190
BelizeNorth America13.1717.77
191
BeninAfrica6.5811.18
192
BermudaNorth America1.245.84
193
BoliviaSouth America10.9715.57
194
Bosnia and HerzegovinaEurope9.5114.11
195
BotswanaAfrica1.756.35
196
BrazilSouth America4.49
197
British Virgin IslandsNorth America4.49
198
BruneiAsia0.885.48
199
BulgariaEurope2.346.94
200
Burkina FasoAfrica10.9715.57
201
CambodiaAsia8.0412.64
202
CameroonAfrica10.9715.57
203
CanadaNorth America04.6
204
Cape VerdeAfrica9.5114.11
205
Cayman IslandsNorth America0.885.48
206
Channel IslandsNorth America5.895.89
207
ChileSouth America1.245.84
208
ChinaAsia1.035.63
209
ColombiaSouth America2.787.38
210
Congo (Democratic Republic of)Africa9.5114.11
211
Congo (Republic of)Africa13.1717.77
212
Cook IslandsOceania6.5811.18
213
Costa RicaNorth America6.5811.18
214
CroatiaEurope2.787.38
215
CubaNorth America17.5522.15
216
CuracaoNorth America2.897.89
217
CuraçaoNorth America2.787.38
218
CyprusAsia2.787.38
219
Czech RepublicEurope0.885.48
220
DenmarkEurope04.6
221
Dominican RepublicNorth America5.269.86
222
EcuadorSouth America14.6319.23
223
EgyptAfrica10.9715.57
224
El SalvadorNorth America14.6319.23
225
EstoniaEurope1.035.63
226
EthiopiaAfrica13.1717.77
227
Falkland IslandsSouth America10.3610.36
228
FijiOceania6.5811.18
229
FinlandEurope0.585.18
230
FranceEurope0.725.32
231
French GuianaSouth America10.3610.36
232
GabonAfrica10.9715.57
233
GambiaAfrica6.5811.18
234
GeorgiaAsia4.49
235
GermanyEurope04.6
236
GhanaAfrica14.6319.23
237
GibraltarEurope5.895.89
238
GreeceEurope3.668.26
239
GreenlandNorth America3.668.26
240
GuatemalaNorth America3.668.26
241
GuernseyEurope1.035.63
242
Guernsey (States of)Europe1.035.63
243
GuineaAfrica13.1717.77
244
Guinea-BissauAfrica8.0412.64
245
GuyanaSouth America2.346.94
246
HaitiNorth America14.6319.23
247
HondurasNorth America6.5811.18
248
Hong KongAsia0.885.48
249
HungaryEurope2.787.38
250
IcelandEurope1.245.84
251
IndiaAsia3.217.81
252
IndonesiaAsia2.787.38
253
IranAsia9.5114.11
254
IraqAsia10.9715.57
255
IrelandEurope0.885.48
256
Isle of ManEurope0.885.48
257
IsraelAsia1.035.63
258
ItalyEurope3.217.81
259
Ivory CoastAfrica5.269.86
260
JamaicaNorth America6.5811.18
261
JapanAsia1.035.63
262
Jersey (States of)Europe0.885.48
263
JordanAsia6.5811.18
264
KazakhstanAsia2.787.38
265
KenyaAfrica9.5114.11
266
Korea, D.P.R.Asia23.4928.09
267
KuwaitAsia1.035.63
268
KyrgyzstanAsia9.5114.11
269
LaosAsia14.6319.23
270
LatviaEurope1.756.35
271
LebanonAsia23.4928.09
272
LiberiaAfrica17.5522.15
273
LibyaAfrica2.787.38
274
LiechtensteinEurope04.6
275
LithuaniaEurope1.245.84
276
LuxembourgEurope04.6
277
MacaoAsia0.915.91
278
MacauAsia0.885.48
279
MacedoniaEurope5.269.86
280
MadagascarAfrica9.5114.11
281
MalawiAfrica17.5522.15
282
MalaysiaAsia1.756.35
283
MaldivesAsia10.9715.57
284
MaliAfrica13.1717.77
285
MaltaEurope1.245.84
286
MartiniqueNorth America1.245.84
287
MauritiusAfrica3.217.81
288
MexicoNorth America2.787.38
289
MoldovaEurope9.5114.11
290
MonacoEurope5.895.89
291
MongoliaAsia9.5114.11
292
MontenegroEurope6.5811.18
293
MontserratNorth America3.217.81
294
MoroccoAfrica3.668.26
295
MozambiqueAfrica13.1717.77
296
MyanmarAsia14.6319.23
297
NamibiaAfrica6.5811.18
298
NetherlandsEurope04.6
299
Netherlands AntillesEurope18.7518.75
300
New ZealandOceania04.6
301
NicaraguaNorth America9.5114.11
302
NigerAfrica13.1717.77
303
NigeriaAfrica10.9715.57
304
NorwayEurope04.6
305
OmanAsia3.668.26
306
PakistanAsia14.6319.23
307
Palestinian AuthorityAsia6.766.76
308
PanamaNorth America2.787.38
309
Papua New GuineaOceania8.0412.64
310
ParaguaySouth America3.668.26
311
PeruSouth America2.346.94
312
PhilippinesAsia2.787.38
313
PolandEurope1.245.84
314
PortugalEurope1.756.35
315
QatarAsia0.885.48
316
Ras Al Khaimah (Emirate of)Asia1.756.35
317
ReunionAfrica6.286.28
318
RomaniaEurope3.217.81
319
RussiaEurope6.5811.18
320
RwandaAfrica8.0412.64
321
Saint LuciaNorth America18.7518.75
322
Saudi ArabiaAsia1.035.63
323
SenegalAfrica5.269.86
324
SerbiaEurope4.49
325
SharjahAsia3.668.26
326
Sierra LeoneAfrica14.6319.23
327
SingaporeAsia04.6
328
SlovakiaEurope1.245.84
329
SloveniaEurope1.756.35
330
Solomon IslandsOceania10.9715.57
331
SomaliaAfrica17.5522.15
332
South AfricaAfrica4.49
333
South KoreaAsia0.725.32
334
SpainEurope2.346.94
335
Sri LankaAsia17.5522.15
336
St. MaartenNorth America4.49
337
St. Vincent & the GrenadinesNorth America9.5114.11
338
SudanAfrica23.4928.09
339
SurinameSouth America14.6319.23
340
SwazilandAfrica9.5114.11
341
SwedenEurope04.6
342
SwitzerlandEurope04.6
343
SyriaAsia23.4928.09
344
TaiwanAsia0.885.48
345
TajikistanAsia9.5114.11
346
TanzaniaAfrica8.0412.64
347
ThailandAsia2.346.94
348
TogoAfrica9.5114.11
349
Trinidad and TobagoNorth America4.49
350
Trinidad &' TobagoNorth America4.49
351
TunisiaAfrica13.1717.77
352
TurkeyAsia9.5114.11
353
Turks and Caicos IslandsNorth America2.437.43
354
Turks & Caicos IslandsNorth America2.346.94
355
UgandaAfrica8.0412.64
356
UkraineEurope17.5522.15
357
United Arab EmiratesAsia0.725.32
358
United KingdomEurope0.885.48
359
United StatesNorth America04.6
360
UruguaySouth America2.787.38
361
UzbekistanAsia5.269.86
362
VenezuelaSouth America23.4928.09
363
VietnamAsia4.49
364
YemenAsia14.6319.23
365
ZambiaAfrica14.6319.23
366
ZimbabweAfrica13.1717.77
1
2
Frequency Electronics, Inc.
3
4
US | Technology | Communication Equipment
5
6
Quick LookStock Price per Share / Intrinsic Value - Price Fair Value
7
1.681.781.611.852.27
8
Country
US
Currency
USD
Exchange
NASDAQ
9
Avg Volume
106,848
FTEs
200
EV/EBITDA
11.0x
10
Price
12
ROE
14.1%
P/E
16.2x
11
Market Cap
116.6M
ROA
6.5%
P/B
2.3x
12
Beta
0.4
Gross Margin
33.6%
Debt/Equity
0.2x
13
52 Week
6.53-14.5
DPS
0.0%
Current Ratio
1.8x
14
20202021202220232024
15
P/E - Price / Earnings RatioEV/EBITDA - Enterprise Value Multiplier
16
17
-9.12144.95-8.67-11.0516.18-9.06-103.17-10.04-16.2810.99
18
19
20
21
22
23
24
25
26
27
28
2020202120222023202420202021202220232024
29
30
P/B - Price Book Value RatioDebt / Equity - Debt Equity Ratio
31
32
1.681.781.611.852.270.210.180.190.230.16
33
34
35
36
37
38
39
40
41
42
43
2020202120222023202420202021202220232024
1
2
About the Company
3
4
Company NameFrequency Electronics, Inc.
5
CEODr. Thomas McClelland
6
CountryUS
7
SectorTechnology
8
IndustryCommunication Equipment
9
Websitehttps://www.frequencyelectronics.com
10
ExchangeNASDAQ Global Market
11

Description		Frequency Electronics, Inc., together with its subsidiaries, 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 satellites, secure communications, command, control, communication, computer, intelligence, security and reconnaissance, 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.
12
1
2
Income Statement - (USD 'MM)
3
4
Year2015201620172018201920202021202220232024
5
6
Revenue 77 60 50 39 50 42 54 48 41 55
7
 Cost of Revenue (53) (40) (39) (34) (34) (36) (37) (40) (33) (37)
8
Gross Profit 24 20 11 5 16 6 17 9 8 19
9
 Gross Margin, %30.8%33.8%22.3%13.1%31.9%13.9%31.2%17.8%19.2%33.6%
10
EBITDA 4 1 (5) (10) (3) (11) (1) (7) (5) 7
11
 EBITDA, %4.8%2.2%-9.5%-25.3%-5.7%-26.2%-1.8%-15.0%-11.5%12.9%
12
Operating Income (EBIT) 4 1 (8) (12) (3) (11) (1) (8) (5) 5
13
 EBIT, %4.8%2.2%-14.9%-31.5%-5.7%-26.2%-1.8%-16.6%-11.5%9.1%
14
Profit Before Tax 5 2 (7) (11) (2) (12) 0 (9) (5) 5
15
 Earnings Before Tax, %5.9%3.4%-14.0%-28.6%-5.0%-28.3%0.9%-17.9%-13.3%9.9%
16
Net Profit After Tax 3 1 (5) (24) (3) (10) 1 (9) (6) 6
17
 Profit Margin, %3.7%1.7%-9.6%-60.3%-5.1%-24.1%1.3%-17.9%-13.5%10.1%
18
19
Cash Flow Statement - (USD 'MM)
20
21
Year2015201620172018201920202021202220232024
22
23
 Net Income 3 1 (5) (24) (3) (10) 1 (9) (6) 6
24
 Depreciation & Amortization 3 3 3 2 3 3 3 3 2 2
25
 Deferred income taxes (1) (1) (1) 10 3 0 1 - 0 -
26
 Stock-based compensation 1 1 1 0 1 0 0 0 0 1
27
 Change in working capital (5) (1) (3) 9 (4) 2 7 7 2 (0)
28
 Other non-cash items 1 1 10 7 0 3 (0) 2 2 (0)
29
Operating Cash Flow 2 3 4 5 (0) (1) 12 4 1 9
30
 Investments in PPE (4) (3) (5) (1) (3) (1) (1) (2) (1) (1)
31
 Acquisitions 4 3 5 0 3 1 1 0 (10) -
32
 Investment purchases (2) (1) (1) (5) (4) (5) (2) (3) (1) -
33
 Sales/Maturities of investments 7 1 4 6 2 4 2 2 11 -
34
 Other Investing Activites (4) (3) (5) 0 (3) (1) (1) (0) 10 -
35
Investing Cash Flow 1 (4) (1) 0 (5) (3) (1) (2) 9 (1)
36
 Debt repayment (6) - (6) - - (5) (5) - - -
37
 Dividends payments - - - - - - - - (9) -
38
 Common Stock Repurchased - - - - - - - - - -
39
 Common Stock Issuance - - - - - - - - - -
40
 Other Financing Activites 3 0 (1) - - 5 (5) - (9) -
41
Financing Cash Flow (4) 0 (7) 0 - 5 (5) - (9) -
42
Cash at beginning of period 8 7 6 3 8 4 4 10 12 12
43
Net cash flow / Change in cash (0) (1) (3) 5 (4) 0 6 2 0 7
44
Cash at end of period 7 6 3 8 4 4 10 12 12 19
45
46
Balance Sheet Statement - (USD 'MM)
47
48
Year2015201620172018201920202021202220232024
49
50
 Cash and cash equivalents 7 6 2 8 4 4 10 12 (8) 18
51
 Short Term Investments 11 11 8 6 8 11 10 10 20 -
52
Cash and Short Term Investments 18 17 10 14 12 14 20 22 12 18
53
 Account Receivables 23 21 19 9 13 11 7 14 15 18
54
 Inventory 38 41 29 26 23 23 20 20 21 23
55
 Other Current Assets 4 4 1 1 3 3 1 1 1 1
56
Total Current Assets 84 84 70 52 53 51 49 57 48 61
57
 Goodwill 1 1 1 - 1 1 1 1 1 1
58
 Intangible Assets 0 - 1 1 - - - - - -
59
Goodwill and Intangible Assets 1 1 1 1 1 1 1 1 1 1
60
 Long Term Investments (8) (8) 0 - 1 (21) - - (16) 1
61
 Property, Plant & Equipment Net 13 13 15 14 13 22 19 17 14 12
62
 Other non-current Assets 22 23 16 17 20 17 17 11 11 12
63
Total non-current Assets 34 36 43 32 34 40 37 29 26 25
64
Total assets 118 120 113 84 87 91 86 86 74 86
65
 Short Term debt - - 3 - - 2 2 2 2 2
66
 Account Payables 2 3 2 2 1 1 1 1 1 2
67
 Deferred revenue 1 1 0 0 - (1) (1) 12 19 24
68
 Other Current Liabilities 6 5 2 3 5 11 6 8 5 5
69
Total current liabilities 8 9 8 5 6 13 8 23 27 33
70
 Long Term debt 6 6 - - - 9 8 7 6 5
71
 Deferred Revenue Non Current - - - - - (0) (0) - (0) (0)
72
 Deferred Tax Liabilities Non Current - - - - - 0 0 0 0 0
73
 Other non-current Liabilities 12 12 16 15 18 15 14 9 8 8
74
Total non-current liabilities 18 18 16 15 18 24 23 16 14 13
75
Total liabilities 26 27 24 20 24 37 31 39 42 46
76
 Common Stock 9 9 9 9 9 9 9 9 9 10
77
 Retained earnings 28 29 24 (0) (2) (12) (11) (20) (26) (20)
78
 Other Income/Loss 3 2 2 (1) 0 0 0 (0) (0) (0)
79
 Other Stockholders Equity 52 54 54 55 56 57 57 58 49 50
80
Total shareholders equity 92 93 89 63 63 54 55 47 33 40
81
Minority Interest - - - - - - - - - -
82
Total Equity 92 93 89 63 63 54 55 47 33 40
83
Total debt 6 6 - - - 11 10 9 8 6
84
Total Investments 11 11 8 6 8 11 10 10 20 1
85
Net Debt (1) (0) (2) (8) (4) 8 0 (2) 15 (12)
1
2
Income Statement - (USD 'MM)
3
4
Year2022-Q22022-Q32022-Q42023-Q12023-Q22023-Q32023-Q42024-Q12024-Q22024-Q32024-Q42025-Q1
5
6
Revenue 13 12 10 8 9 11 13 12 14 14 16 15
7
 Cost of Revenue (9) (9) (13) (8) (9) (7) (9) (8) (9) (11) (9) (8)
8
Gross Profit 4 3 (3) (0) 0 3 4 5 4 3 6 7
9
 Gross Margin, %31.6%26.5%-27.5%-0.1%3.9%32.6%31.1%39.2%31.9%22.6%40.3%44.4%
10
EBITDA 0 (1) (6) (3) (2) 0 0 2 1 (0) 2 2
11
 EBITDA, %2.3%-5.9%-58.4%-37.9%-25.5%3.1%3.0%16.6%6.9%-3.4%16.0%15.7%
12
Operating Income (EBIT) 0 (1) (6) (3) (2) (0) 0 2 1 (0) 2 2
13
 EBIT, %2.3%-5.9%-58.4%-37.9%-25.5%-2.8%3.0%16.6%6.9%-3.4%16.0%15.7%
14
Profit Before Tax 0 (1) (7) (3) (2) (0) 0 2 1 0 2 3
15
 Earnings Before Tax, %3.9%-6.0%-67.4%-38.0%-25.8%-2.9%2.4%16.5%5.9%1.0%15.9%17.0%
16
Net Profit After Tax 0 (1) (7) (3) (2) (0) 0 2 1 0 3 2
17
 Profit Margin, %3.8%-6.0%-67.4%-38.0%-25.9%-3.0%1.9%16.5%5.9%0.9%16.9%16.1%
18
19
Cash Flow Statement - (USD 'MM)
20
21
Year2022-Q22022-Q32022-Q42023-Q12023-Q22023-Q32023-Q42024-Q12024-Q22024-Q32024-Q42025-Q1
22
23
 Net Income 0 (1) (7) (3) (2) (0) 0 2 1 0 3 2
24
 Depreciation & Amortization - - 3 - - - 2 - - - 2 -
25
 Deferred income taxes - - - - - - (3) - - - - -
26
 Stock-based compensation - - 0 - - - 0 - - - 1 -
27
 Change in working capital 1 2 4 (1) 5 1 (3) (6) (2) 3 4 -
28
 Other non-cash items 1 1 (1) 1 0 1 2 1 1 1 1 -
29
Operating Cash Flow 2 2 0 (4) 3 2 (1) (3) (0) 4 7 (2)
30
 Investments in PPE (1) (0) (0) (0) (0) (0) (0) (0) (0) (0) (1) (0)
31
 Acquisitions - (0) 2 (1) (0) (10) 1 - - - - -
32
 Investment purchases (0) (1) (1) (1) (0) 0 - - - - - -
33
 Sales/Maturities of investments 0 0 0 1 0 10 - - - - - -
34
 Other Investing Activites (0) 0 (2) 1 0 10 (1) - - - - -
35
Investing Cash Flow (1) (1) (1) (1) (0) 10 (0) (0) (0) (0) (1) (0)
36
 Debt repayment - - - - - - - - - - - -
37
 Dividends payments - - - - - (9) (9) - - - - -
38
 Common Stock Repurchased - - - - - - - - - - - -
39
 Common Stock Issuance - - - - - - - - - - - -
40
 Other Financing Activites - - - - - (9) - - - - - -
41
Financing Cash Flow - - - - - (9) (9) - - - - -
42
Cash at beginning of period 9 11 12 12 7 10 13 12 9 9 12 19
43
Net cash flow / Change in cash 2 2 (1) (4) 3 3 (1) (3) (0) 4 7 (2)
44
Cash at end of period 11 12 12 7 10 13 12 9 9 13 18 17
45
46
Balance Sheet Statement - (USD 'MM)
47
48
Year2022-Q22022-Q32022-Q42023-Q12023-Q22023-Q32023-Q42024-Q12024-Q22024-Q32024-Q42025-Q1
49
50
 Cash and cash equivalents 11 12 12 7 10 13 (8) 9 (7) 12 18 16
51
 Short Term Investments 10 10 10 10 10 - 20 - 16 - - -
52
Cash and Short Term Investments 21 22 22 17 20 13 12 9 9 12 18 16
53
 Account Receivables 9 7 14 16 14 13 15 17 16 16 18 6
54
 Inventory 19 20 20 20 20 21 21 23 23 23 23 24
55
 Other Current Assets 2 2 1 2 1 1 1 1 2 1 1 13
56
Total Current Assets 50 50 57 54 55 48 48 50 50 52 61 59
57
 Goodwill 1 1 1 1 1 1 1 1 1 1 1 1
58
 Intangible Assets - - - - - - - - - - - -
59
Goodwill and Intangible Assets 1 1 1 1 1 1 1 1 1 1 1 1
60
 Long Term Investments 1 10 - - - - (16) - - 1 1 -
61
 Property, Plant & Equipment Net 18 18 17 17 16 15 14 14 13 13 12 12
62
 Other non-current Assets 12 2 11 11 11 11 11 11 11 12 12 12
63
Total non-current Assets 31 31 29 28 28 27 26 26 25 26 25 25
64
Total assets 81 81 86 83 83 75 74 76 75 78 86 84
65
 Short Term debt 2 2 2 2 2 2 2 2 2 2 2 1
66
 Account Payables 1 1 1 1 1 2 1 1 1 2 2 2
67
 Deferred revenue 3 3 12 13 17 19 19 18 16 18 24 0
68
 Other Current Liabilities 4 4 8 8 7 6 5 6 6 6 5 36
69
Total current liabilities 10 10 23 23 27 28 27 27 25 28 33 39
70
 Long Term debt 8 8 7 7 7 6 6 6 5 5 5 4
71
 Deferred Revenue Non Current (0) (0) - - - - (0) 8 (0) (0) (0) -
72
 Deferred Tax Liabilities Non Current 0 0 0 0 0 0 0 0 0 0 0 -
73
 Other non-current Liabilities 9 9 9 9 9 8 8 0 8 8 8 8
74
Total non-current liabilities 17 17 16 16 15 15 14 14 13 13 13 12
75
Total liabilities 27 27 39 39 42 43 42 41 38 41 46 51
76
 Common Stock 9 9 9 9 9 9 9 9 9 9 10 10
77
 Retained earnings (13) (13) (20) (23) (26) (26) (26) (24) (23) (23) (20) (18)
78
 Other Income/Loss 0 0 (0) (0) (1) 0 (0) (0) (0) (0) (0) -
79
 Other Stockholders Equity 58 58 58 58 58 49 49 49 50 50 50 41
80
Total shareholders equity 55 54 47 44 41 32 33 35 36 37 40 33
81
Minority Interest - - - - - - - - - - - -
82
Total Equity 55 54 47 44 41 32 33 35 36 37 40 33
83
Total debt 9 9 9 9 8 8 8 7 7 6 6 6
84
Total Investments 10 20 10 10 10 - 20 - 16 1 1 -
85
Net Debt (1) (3) (2) 1 (2) (5) 15 (2) 14 (5) (12) (10)
1
2
Weighted Average Cost Of Capital (WACC)
3
4
Share price, USD12.19
5
Beta0.40
6
Diluted Shares Outstanding, MM9
7
 Cost of Debt, %4.3%
8
 Tax Rate, %-1.4%
9
After-tax Cost of Debt, %4.4%
10
* Risk-Free Rate, %3.6%
11
** Market Risk Premium, %0.0%
12
Cost of Equity, %3.6%
13
 Total Debt - (USD 'MM)6Debt
14
 Total Equity - (USD 'MM)115Equity
15
Total Capital - (USD 'MM)121
16
Debt Weighting, %5.1%
17
Equity Weighting, %94.9%
18
WACC, %3.7%
19
20
21
Tax Rate
22
20202021202220232024
23
Historical tax rate, %14.8%-42.9%0.0%-1.4%-2.4%
24
Selected tax rate, %-1.4%
25
26
27
Cost Of Debt (Effective interest rate method)
28
29
20202021202220232024
30
Interest expense - (USD 'MM)00010
31
Total debt - (USD 'MM)66666
32
Effective interest rate, %2.1%1.2%12.2%1.8%
33
34
Average effective interest rate, %4.3%
1
2
Operating Data - (USD 'MM)
3
4
Year2020202120222023202420252026202720282029
5
A/FActualActualActualActualActualForecastForecastForecastForecastForecast
6
7
Revenue 42 54 48 41 55 61 67 73 81 89
8
Revenue Growth, %30.7%-11.0%-15.6%35.6%9.9%9.9%9.9%9.9%9.9%
9
EBITDA (11) (1) (7) (5) 7 (2) (3) (3) (3) (3)
10
EBITDA, %-26.2%-1.8%-15.0%-11.5%12.9%-3.8%-3.8%-3.8%-3.8%-3.8%
11
Depreciation 4 3 3 2 2 3 4 4 4 5
12
Depreciation, %8.5%5.6%6.2%5.9%3.8%5.4%5.4%5.4%5.4%5.4%
13
EBIT (14) (4) (10) (7) 5 (6) (6) (7) (7) (8)
14
EBIT, %-34.7%-7.3%-21.2%-17.3%9.1%-9.2%-9.2%-9.2%-9.2%-9.2%
15
16
Balance Sheet Data - (USD 'MM)
17
18
Year2020202120222023202420252026202720282029
19
A/FActualActualActualActualActualForecastForecastForecastForecastForecast
20
21
Total Cash 14 20 22 12 18 22 24 26 29 32
22
Total Cash, %34.6%37.1%44.6%29.5%33.1%36.1%36.1%36.1%36.1%36.1%
23
Account Receivables 11 7 14 15 18 17 19 20 22 25
24
Account Receivables, %27.3%13.8%29.5%35.9%31.7%27.7%27.7%27.7%27.7%27.7%
25
Inventories 23 20 20 21 23 26 28 31 34 38
26
Inventories, %55.4%36.2%41.2%50.3%42.4%42.5%42.5%42.5%42.5%42.5%
27
Accounts Payable 1 1 1 1 2 2 2 2 2 3
28
Accounts Payable, %3.4%2.0%2.2%3.6%4.2%3.0%3.0%3.0%3.0%3.0%
29
Capital Expenditure (1) (1) (2) (1) (1) (2) (2) (2) (2) (2)
30
Capital Expenditure, %3.6%2.3%3.9%2.3%2.7%2.8%2.8%2.8%2.8%2.8%
31
32
Build Up Free Cash Flow - (USD 'MM)
33
34
Year2020202120222023202420252026202720282029
35
A/FActualActualActualActualActualForecastForecastForecastForecastForecast
36
37
Revenue 42 54 48 41 55 61 67 73 81 89
38
EBITDA (11) (1) (7) (5) 7 (2) (3) (3) (3) (3)
39
EBIT (14) (4) (10) (7) 5 (6) (6) (7) (7) (8)
40
Tax Rate, %14.8%-42.9%0.0%-1.4%-2.4%-11.7%-11.7%-11.7%-11.7%-11.7%
41
EBIAT (12) (6) (10) (7) 5 (6) (7) (8) (8) (9)
42
Depreciation 4 3 3 2 2 3 4 4 4 5
43
Accounts Receivable 2 4 (7) (0) (3) 1 (2) (2) (2) (2)
44
Inventories 0 3 (0) (1) (3) (2) (3) (3) (3) (3)
45
Accounts Payable 0 (0) - 0 1 (1) 0 0 0 0
46
Capital Expenditure (1) (1) (2) (1) (1) (2) (2) (2) (2) (2)
47
UFCF (8) 3 (16) (6) 1 (7) (9) (10) (11) (12)
48
WACC, %3.7%3.7%3.7%3.7%3.7%
49
PV UFCF (7) (9) (9) (10) (10)
50
SUM PV UFCF (44)
51
52
Valuation - (USD 'MM)
53
Terminal Value (Perpetuity Growth method) - (USD 'MM)
Intrinsic Value
54
Long-term growth rate, %4.0%
Enterprise Value - (USD 'MM)
3,147
55
WACC, %3.7%
Net Debt - (USD 'MM)
-12
56
Free cash flow (t + 1)-13
Equity Value - (USD 'MM)
3,159
57
Terminal Value3,821
Shares Outstanding, MM
9
58
Present Value of Terminal Value3,191
Equity Value Per Share, USD
334.99
1
2
Free Cash Flow - (USD 'MM)
3
4
Year2020202120222023202420252026202720282029
5
A/FActualActualActualActualActualForecastForecastForecastForecastForecast
6
7
Revenue 42 54 48 41 55 61 67 73 81 89
8
Revenue Growth, %30.7%-11.0%-15.6%35.6%9.9%9.9%9.9%9.9%9.9%
9
Operating Cash Flow (1) 12 4 1 9 8 8 9 10 11
10
Operating Cash Flow, %-3.4%22.4%8.4%2.9%15.8%12.4%12.4%12.4%12.4%12.4%
11
Capital Expenditure (1) (1) (2) (1) (1) (2) (2) (2) (2) (2)
12
Capital Expenditure, %3.6%2.3%3.9%2.3%2.7%2.8%2.8%2.8%2.8%2.8%
13
Free Cash Flow (3) 11 2 0 7 6 6 7 8 8
14
Free Cash Flow, %-7.0%20.1%4.5%0.6%13.1%9.6%9.6%9.6%9.6%9.6%
15
16
Build Up Free Cash Flow - (USD 'MM)
17
18
Year2020202120222023202420252026202720282029
19
A/FActualActualActualActualActualForecastForecastForecastForecastForecast
20
21
Free Cash Flow (3) 11 2 0 7 6 6 7 8 8
22
WACC, %3.7%3.7%3.7%3.7%3.7%
23
PV UFCF 6 6 6 7 7
24
SUM PV UFCF 32
25
26
Valuation - (USD 'MM)
27
Terminal Value (Perpetuity Growth method) - (USD 'MM)
Intrinsic Value
28
29
Long-term growth rate, %4.0%
Enterprise Value - (USD 'MM)
-2,192
30
WACC, %3.7%
Net Debt - (USD 'MM)
-12
31
Free cash flow (t + 1)9
Equity Value - (USD 'MM)
-2,180
32
Terminal Value-2,663
Shares Outstanding, MM
9
33
Present Value of Terminal Value-2,224
Equity Value Per Share, USD
-231.17
1
2
Liquidity Measurement RatiosRatio Description
3
4
Year20202021202220232024Sparkline
5
6
Current Ratio3.956.012.491.771.82A current ratio of 1.0 or greater is an indication that the company is well-positioned to cover its current or short-term liabilities.
7
Current Assets / Current Liabilities
8
9
Quick Ratio2.183.581.621.021.12The quick ratio is more conservative than the current ratio because it excludes inventory and other current assets, which generally are more difficult to turn into cash. A higher quick ratio means a more liquid current position.
10
(Cash and Cash Equivalents+Short Term Investments+Account Receivables) / Current Liabilities
11
12
Cash Ratio0.291.210.50-0.280.55The cash ratio is almost like an indicator of a firm’s value under the worst-case scenario where the company is about to go out of business.
13
Cash and Cash Equivalents / Current Liabilities
14
15
Days of Sales Outstanding99.7650.21107.83130.96115.71DSO tells you how many days after the sale it takes people to pay you on average.
16
((Account Receivables (start)+Account Receivables (end)) / 2) / (Revenue / 365)
17
18
Days of Inventory Outstanding234.97192.22183.03227.53233.09DIO tells you how many days inventory sits on the shelf on average.
19
((Inventory (start)+Inventory (end)) / 2) / (COGS / 365)
20
21
Operating Cycle334.74242.43290.86358.49348.80(DSO + DIO) Basically the Operating Cycle tells you how many days it takes for something to go from first being in inventory to receiving the cash after the sale.
22
DSO + DIO
23
24
Days of Payables Outstanding14.5510.569.9316.2323.36DPO tells you how many days the company takes to pay its suppliers.
25
((Account Payables (start)+Account Payables (end)) / 2) / (COGS / 365)
26
27
Cash Conversion Cycle320.19231.87280.93342.26325.45The cash conversion cycle (CCC = DSO + DIO – DPO) measures the number of days a company's cash is tied up in the production and sales process of its operations and the benefit it derives from payment terms from its creditors. The shorter this cycle, the more liquid the company's working capital position is. The CCC is also known as the "cash" or "operating" cycle.
28
DSO + DIO − DPO
29
30
31
32
Profitability Indicator RatiosRatio Description
33
34
Year20202021202220232024Sparkline
35
36
Gross Profit Margin13.9%31.2%17.8%19.2%33.6%You can think of it as the amount of money from product sales left over after all of the direct costs associated with manufacturing the product have been paid.
37
Gross Profit / Revenue
38
39
Operating Profit Margin-26.2%-1.8%-16.6%-11.5%9.1%If companies can make enough money from their operations to support the business, the company is usually considered more stable.
40
Operating Income / Revenue
41
42
Pretax Profit Margin-28.3%0.9%-17.9%-13.3%9.9%Profit is the main goal of for-profit organizations. The goal is to make a profit through growth and to grow every year. As a result, one of the most important roles of the financial and investment analyst is to track and forecast profitability.
43
Income Before Tax / Revenue
44
45
Net Profit Margin-24.1%1.3%-17.9%-13.5%10.1%Generally, a net profit margin in excess of 10% is considered excellent, though it depends on the industry and the structure of the business.
46
Net Income / Revenue
47
48
Effective Tax Rate14.8%-42.9%0.0%-1.4%-2.4%If there’s one takeaway, it should be that a company’s tax situation is all but a living, breathing organism in its own right.
49
Provision For Income Taxes / Income Before Tax
50
51
Return On Assets-0.110.01-0.10-0.070.07ROA Return on assets gives an indication of the capital intensity of the company, which will depend on the industry; companies that require large initial investments will generally have lower return on assets. ROAs over 5% are generally considered good.
52
Net Income / Avg Total Assets
53
54
Return On Equity-0.180.01-0.19-0.170.14ROE this ratio calculates how much money is made based on the investors' investment in the company.investors want to see a high return on equity ratio because this indicates that the company is using its investors' funds effectively.
55
Net Income / Avg Total Equity
56
57
Return On Capital Employed-0.14-0.01-0.13-0.100.10ROCE shows investors how many dollars in profits each dollar of capital employed generates.
58
Net Income / (Avg Total Assets - Avg Current Liabilities)
59
60
61
Debt RatiosRatio Description
62
63
Year20202021202220232024Sparkline
64
65
Debt Ratio0.120.120.110.100.07The debt ratio tells us the degree of leverage used by the company.
66
Total Liabilities / Total Assets
67
68
Debt Equity Ratio0.210.180.190.230.16This is a measurement of the percentage of the company’s balance sheet that is financed by suppliers, lenders, creditors and obligors versus what the shareholders have committed.
69
Total Debt / Total Equity
70
71
Long-term Debt to Capitalization
0.150.130.140.150.10While a high capitalization ratio can increase the return on equity because of the tax shield of debt, a higher proportion of debt increases the risk of bankruptcy for a company.
72
Long−Term Debt / (Long−Term Debt + Shareholders Equity)
73
74
Total Debt to Capitalization0.170.150.160.190.13Capitalization ratio describes to investors the extent to which a company is using debt to fund its business and expansion plans.
75
Total Debt / (Total Debt + Shareholders Equity)
76
77
Interest Coverage Ratio-101.74-7.54-104.39-6.1946.05The lower a company’s interest coverage ratio is, the more its debt expenses burden the company.
78
EBIT / Interest Expenses
79
80
Cash Flow to Debt Ratio-0.121.210.440.151.41The cash flow to debt ratio reveals the ability of a business to support its debt obligations from its operating cash flows
81
Operating Cash Flows / Total Debt
82
83
Company Equity Multiplier1.681.551.842.272.15This is a measure of financial leverage.
84
Total Assets / Total Equity
85
86
87
Operating Performance RatiosRatio Description
88
89
Year20202021202220232024Sparkline
90
91
Fixed Asset Turnover1.882.802.782.824.43Calculates how efficiently a company is a producing sales with its machines and equipment.
92
Revenue / Avg Fixed Assets
93
94
Asset Turnover0.450.630.560.550.65The Asset Turnover ratio can often be used as an indicator of the efficiency with which a company is deploying its assets in generating revenue.
95
Revenue / Avg Total Assets
96
97
98
99
Cash Flow Indicator RatiosRatio Description
100
101
Year20202021202220232024Sparkline
102
103
Operating Cash Flow Sales Ratio-0.030.220.080.030.16Gives investors an idea of the company's ability to turn sales into cash.
104
Operating Cash Flow / Revenue
105
106
Free Cash Flow Operating Cash Flow Ratio
2.050.900.540.220.83The higher the percentage of free cash flow embedded in a company's operating cash flow, the greater the financial strength of the company.
107
Free Cash Flow / Operating Cash Flow
108
109
Cash Flow Coverage Ratios-0.121.210.440.151.41The operating cash flow is simply the amount of cash generated by the company from its main operations, which are used to keep the business funded.
110
Operating Cash Flow / Total Debt
111
112
Short-Term Coverage Ratios-0.757.092.310.675.31The short-term debt coverage ratio compares the sum of a company's short-term borrowings and the current portion of its long-term debt to operating cash flow.
113
Operating Cash Flow / Short-Term Debt
114
115
Capital Expenditure Coverage Ratios-0.959.812.171.285.84The larger the operating cash flow coverage for these items, the greater the company's ability to meet its obligations, along with giving the company more cash flow to expand its business, withstand hard times, and not be burdened by debt servicing and the restrictions typically included in credit agreements.
116
Operating Cash Flow / Capital Expenditure
117
118
Dividend Paid and Capex Coverage Ratios0.95-9.81-2.170.14-5.84For conservative investors focused on cash flow coverage, comparing the sum of a company's capital expenditures and cash dividends to its operating cash flow is a stringent measurement that puts cash flow to the ultimate test. If a company is able to cover both of these outlays of funds from internal sources and still have cash left over, it is producing what might be called "free cash flow on steroids". This circumstance is a highly favorable investment quality.
119
Operating Cash Flow / (Dividends Paid + Capital Expenditure)
120
121
Dividend Payout Ratio0.000.000.00-1.700.00The dividend payout ratio is an indicator of how well earnings support the dividend payment.
122
DPS (Dividends per Share) / EPS (Net Income per Share)
123
124
125
126
Investment Valuation RatiosRatio Description
127
128
Year20202021202220232024Sparkline
129
130
Price Book Value Ratio1.681.781.611.852.27The price-to-book value ratio, expressed as a multiple (i.e. how many times a company's stock is trading per share compared to the company's book value per share), is an indication of how much shareholders are paying for the net assets of a company.
131
Stock Price per Share / Equity per Share
132
133
Price Cash Flow Ratio-64.758.1118.6251.7310.40The price/cash flow ratio is used by investors to evaluate the investment attractiveness, from a value standpoint, of a company's stock.
134
Stock Price per Share / Operating Cash Flow per Share
135
136
Price Earnings Ratio-9.12144.95-8.67-11.0516.18The financial reporting of both companies and investment research services use a basic earnings per share (EPS) figure divided into the current stock price to calculate the P/E multiple (i.e. how many times a stock is trading (its price) per each dollar of EPS).
137
Stock Price per Share / EPS
138
139
Price Earnings to Growth Ratio-0.03-1.360.010.30-0.08
140
Price Earnings Ratio / Expected Revenue GrowthThe PEG ratio is a refinement of the P/E ratio and factors in a stock's estimated earnings growth into its current valuation.The general consensus is that if the PEG ratio indicates a value of 1, this means that the market is correctly valuing (the current P/E ratio) a stock in accordance with the stock's current estimated earnings per share growth. If the PEG ratio is less than 1, this means that EPS growth is potentially able to surpass the market's current valuation.
141
142
Price Sales Ratio2.191.821.561.491.64The P/E ratio and P/S reflects how many times investors are paying for every dollar of a company's sales. Since earnings are subject, to one degree or another, to accounting estimates and management manipulation, many investors consider a company's sales (revenue) figure a more reliable ratio component in calculating a stock's price multiple than the earnings figure.
143
Stock Price per Share / Revenue per Share
144
145
Dividend Yield0.0000.0000.0000.1540.000Income investors value a dividend-paying stock, while growth investors have little interest in dividends, preferring to capture large capital gains. Whatever your investing style, it is a matter of historical record that dividend-paying stocks have performed better than non-paying-dividend stocks over the long term.
146
Dividend per Share / Stock Price per Share
147
148
Enterprise Value Multiplier-9.06-103.17-10.04-16.2810.99Overall, this measurement allows investors to assess a company on the same basis as that of an acquirer. As a rough calculation, enterprise value multiple serves as a proxy for how long it would take for an acquisition to earn enough to pay off its costs in years(assuming no change in EBITDA).
149
Enterprise Value / EBITDA
150
151
Price Fair Value1.681.781.611.852.27Helps investors determine whether a stock is trading at, below, or above its fair value estimate,A price/fair value ratio below 1 suggests the stock is trading at a discount to its fair value, while a ratio above 1 suggests it is trading at a premium to its fair value.
152
Stock Price per Share / Intrinsic Value
153
1
1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
1
1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74