olivLaw · European equity research
Frequentis AG FQT.VI
Austria · Wiener Börse · ISIN ATFREQUENT09 · Vertical: Listed companies from Austria
At the close of 04 Nov 2026, Frequentis AG (FQT.VI) stock was 62.50 EUR (−4.14% on the day), with market capitalisation 830.6 m EUR, P/E 29.5 on diluted EPS of 2.12 EUR over the last 12 months, dividend yield 0.43%, beta 0.70, 52-week range 60.00–84.80 EUR.
Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 39.4
- weak (30–45)
- Bollinger (20, 2)
- 62.34 – 68.18
- in the lower half of the band · %B 0.03 · band width 9.0%
- SMA 50 / 200
- 67.70 / 72.10
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.64 / -0.75
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −8.9% | −1.5% | −7.4 pp | — |
| 3 months | −20.9% | −5.3% | −15.6 pp | — |
| 6 months | −20.7% | +4.7% | −25.4 pp | — |
| Year to date | −13.9% | +6.0% | −19.9 pp | — |
| 1 year | −16.4% | +8.2% | −24.6 pp | +4.9% |
| 3 years | +115.5% | +47.2% | +68.3 pp | +3.6% |
| 5 years | +132.3% | +41.8% | +90.5 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 67 percentile of its own 3-quarter history (min 16.8, median 19.8, max 34.2; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 427.5 m | 480.3 m | 580.1 m |
| Revenue YoY | unavailable | +12.4% | +20.8% |
| Net income | 18.4 m | 22.0 m | 28.3 m |
| Net income YoY | unavailable | +19.4% | +28.7% |
| Diluted EPS | 1.38 | 1.65 | 2.12 |
| Diluted EPS YoY | unavailable | +19.6% | +28.5% |
| net % | 4.3% | 4.6% | 4.9% |
| Free cash flow | 15.2 m | 12.9 m | 35.9 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 97.2 m EUR
- Financial debt
- unavailable EUR
- Net debt
- unavailable EUR
- Equity
- 196.8 m EUR
- Total assets
- 509.3 m EUR
- Debt / equity
- unavailable
- Current ratio
- 1.82x
- ROE
- 15.2%
- ROA
- 6.3%
- FCF margin
- 6.2%
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 427.5 m | 480.3 m | 580.1 m | esef· 15 Apr 2026verified |
| Operating income | 26.6 m | 32.1 m | 46.8 m | esef· 15 Apr 2026verified |
| Depreciation & amortisation | 17.5 m | 19.4 m | 20.2 m | esef· 15 Apr 2026verified |
| EBITDA | 44.2 m ≈ | 51.5 m ≈ | 66.9 m ≈ | esef· 15 Apr 2026derived |
| Interest expense | 1.4 m | 1.6 m | 2.2 m | esef· 15 Apr 2026verified |
| Pre-tax income | 26.4 m | 32.8 m | 45.8 m | esef· 15 Apr 2026verified |
| Income tax | 6.4 m | 9.3 m | 12.2 m | esef· 15 Apr 2026verified |
| Net income | 18.4 m | 22.0 m | 28.3 m | esef· 15 Apr 2026verified |
| Diluted EPS | 1.38 | 1.65 | 2.12 | esef· 15 Apr 2026verified |
| Dividend per share | 0.22 | 0.24 | 0.27 | esef· 15 Apr 2026derived |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 74.2 m | 67.0 m | 97.2 m | esef· 15 Apr 2026verified |
| Receivables | 81.0 m | 80.1 m | 144.7 m | esef· 15 Apr 2026verified |
| Inventories | 26.6 m | 32.9 m | 51.8 m | esef· 15 Apr 2026verified |
| Current assets | 277.1 m | 291.3 m | 404.9 m | esef· 15 Apr 2026verified |
| Property, plant & equipment, net | 55.9 m | 70.3 m | 69.0 m | esef· 15 Apr 2026verified |
| Goodwill | 11.4 m | 8.6 m | 8.6 m | esef· 15 Apr 2026verified |
| Intangibles (excl. goodwill) | 17.5 m | 15.4 m | 12.6 m | esef· 15 Apr 2026verified |
| Total assets | 371.1 m | 394.8 m | 509.3 m | esef· 15 Apr 2026verified |
| Accounts payable | 18.9 m | 23.4 m | 33.8 m | esef· 15 Apr 2026verified |
| Current liabilities | 142.4 m | 132.6 m | 222.1 m | esef· 15 Apr 2026verified |
| Equity | 155.6 m | 174.8 m | 196.8 m | esef· 15 Apr 2026verified |
| Shares outstanding at year end | 13.2 m | 13.3 m | 13.3 m | esef· 15 Apr 2026derived |
Cash flow · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 25.7 m | 22.1 m | 49.1 m | esef· 15 Apr 2026verified |
| Capex | 10.5 m | 9.1 m | 13.2 m | esef· 15 Apr 2026verified |
| Free cash flow | 15.2 m ≈ | 12.9 m ≈ | 35.9 m ≈ | esef· 15 Apr 2026derived |
| Investing cash flow | -18.8 m | -15.6 m | -9.6 m | esef· 15 Apr 2026verified |
| Financing cash flow | -13.4 m | -13.9 m | -7.6 m | esef· 15 Apr 2026verified |
| Dividends paid | 2.9 m | 3.2 m | 3.6 m | esef· 15 Apr 2026verified |
| Share repurchases | 520.0 k | 0 | 405.0 k | esef· 15 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 52.1% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 830.6 m EUR
Key indicators
Coverage and freshness
Score by group
52% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 23.91 – 42.00 EUR.
Methods computed but outside the aggregate range: Dividend discount (DDM) (a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate).
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E23.91 – 42.00 (Mid 34.68)24 companies used · median multiple 16.4x · quartiles 11.3x – 19.8x1AST.VI, ACAG.VI, AMAG.VI, ANDR.VI, BMAG.VI, CPI.VI, DOC.VI, ETS.VI, EVN.VI, FAA.VI, FACC.VI, MMK.VI, OMV.VI, POS.VI, POST.VI, PYT.VI, ROS.VI, SBO.VI, STR.VI, SWUT.VI, TKA.VI, VER.VI, VOE.VI, WIE.VI
- Dividend discount (DDM)outside the aggregate3.67 – 5.00 (Mid 4.23)a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 52.1% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 4.9% | 67 (vs peers) | 12% |
| FCF conversion · Quality | 126.9% | 100 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 20.9x | 100 (on a fixed band) | 12% |
| Current ratio · Balance sheet | 1.8x | 85 (on a fixed band) | 8% |
| P/E (TTM) · Valuation | 29.5x | 12 (vs peers) | 20% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 4.3% | 54 (on a fixed band) | 16% |
| Shareholder yield (distributions) · Returns | 0.5% | 7 (on a fixed band) | 12% |
| Payout ratio (FCF) · Returns | 10.0% | 100 (on a fixed band) | 8% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet94/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality83/100 · 2/3 factors with a value
- Returns44/100 · 2/2 factors with a value
- Valuation30/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
FREQUENTIS AG (FQT.VI). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 580.1 m EUR in 2025; YoY growth 20.8%; net margin 4.9%; ROE 15.5%.
The estimated value range is 23.91–42.00 EUR per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 34.68 EUR, the price of 62.50 EUR leaves a potential of -44.5% (value / price − 1) and a margin of safety of -80.2% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 52.1% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 126.9%
- Interest coverage: 20.9x
- Current ratio: 1.8x
- Payout ratio (FCF): 10.0%
What contradicts it
- P/E (TTM): 29.5x
- Shareholder yield (distributions): 0.5%
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA.
Versus the vertical median
Listed companies from Austria · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| OMV.VIOmv Aktiengesellschaft | 35.4 bn | 23.3 | 8.9% | 6.3% | −7.2% | +52% / +85% |
| VER.VIVerbund AG | 24.1 bn | 16.2 | 14.7% | 18.6% | −2.8% | +9% / −21% |
| STR.VIStrabag Se | 11.9 bn | 12.9 | 17.2% | 4.9% | +7.4% | +33% / +171% |
| ANDR.VIAndritz AG | 8.0 bn | 17.6 | 19.3% | 5.8% | −5.2% | +32% / +65% |
| VOE.VIvoestalpine AG | 7.2 bn | 17.1 | 5.7% | 2.8% | −4.3% | +13% / +62% |
| EVN.VIEvn AG | 5.4 bn | 12.4 | 6.9% | 14.6% | +3.8% | +14% / +12% |
| ATS.VIAT & S Austria Technologie & Systemtechnik Aktiengesellschaft | 3.0 bn | — | -2.4% | -1.4% | +12.7% | +301% / +428% |
| DOC.VIDO & CO Aktiengesellschaft | 2.4 bn | 22.2 | 24.0% | 4.3% | +7.1% | +12% / +70% |
| CPI.VICPI Europe AG | 2.2 bn | 4.2 | 12.2% | 68.2% | −6.7% | +0% / −17% |
| POST.VIÖsterreichische Post Aktiengesellschaft | 2.2 bn | 16.3 | 18.3% | 4.3% | −2.6% | +5% / +2% |
| WIE.VIWienerberger AG | 1.9 bn | 11.5 | 5.9% | 3.6% | +1.2% | −41% / −33% |
| LNZ.VILenzing Aktiengesellschaft | 1.7 bn | — | -11.8% | -5.2% | −2.3% | −51% / −67% |
| MMK.VIMayr-Melnhof Karton Aktiengesellschaft | 1.3 bn | 17.5 | 3.6% | 1.9% | −4.8% | −19% / −40% |
| POS.VIPorr AG | 1.2 bn | 10.8 | 12.9% | 1.8% | +1.7% | +6% / +168% |
| AMAG.VIAMAG Austria Metall AG | 1.1 bn | 33.6 | 4.7% | 2.3% | +2.1% | +35% / +20% |
| BMAG.VIPIERER Mobility AG | 1.1 bn | 1.8 | 638.9% | 58.9% | −46.3% | +86% / −47% |
| FQT.VIFrequentis AG | 830.6 m | 29.5 | 15.5% | 4.9% | +20.8% | −9% / +122% |
| ETS.VIEuroTeleSites AG | 730.3 m | 21.9 | 8.8% | 11.9% | +3.7% | −7% / +31% |
| AGR.VIAGRANA Beteiligungs-Aktiengesellschaft | 729.2 m | — | -3.6% | -1.2% | −7.9% | −2% / −14% |
| FACC.VIFacc AG | 607.0 m | 28.7 | 9.1% | 2.2% | +11.3% | +23% / +129% |
| ROS.VIRosenbauer International AG | 600.7 m | 12.1 | 17.4% | 3.5% | +9.4% | +37% / +107% |
| 1AST.VIASTA Energy Solutions AG | 515.6 m | 17.1 | 42.3% | 4.3% | +8.3% | unavailable / unavailable |
| SBO.VISbo AG | 451.1 m | 19.1 | 5.2% | 5.2% | −18.8% | +4% / −31% |
| SEM.VISemperit Aktiengesellschaft Holding | 380.1 m | 905.0 | 0.1% | 0.1% | −2.1% | +40% / +28% |
| ACAG.VIAustriacard Holdings AG | 348.9 m | 25.7 | 11.4% | 4.1% | −8.2% | +77% / +65% |
1- and 3-year price returns: for FQT.VI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 41.03 Total return -34% · Per year -34% | 72.21 Total return 16% · Per year 16% | 108.32 Total return 74% · Per year 74% |
| 3 years | 48.67 Total return -21% · Per year -8% | 95.50 Total return 55% · Per year 16% | 155.98 Total return 152% · Per year 36% |
| 5 years | 57.73 Total return -5% · Per year -1% | 126.30 Total return 105% · Per year 15% | 224.61 Total return 264% · Per year 29% |
- Exit P/E± 23.88
- Net margin± 16.71
- Annual revenue growth± 12.46
- Annual dilution± 1.40
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202515 Apr 2026
- Annual report 202415 Apr 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.