Item 1. Business Frequency Electronics, Inc. (sometimes referred to as “Registrant”, “Frequency Electronics” or the “Company”) is a world leader in precision time and frequency generation technology, which is incorporated into commercial and U.S. Government satellites, Command, Control, Communication, Computer, Intelligence, Surveillance and Reconnaissance (“C4ISR”), and Electronic Warfare (“EW”) systems. Its technology is used for a wide range of space and non-space applications. Unless the context indicates otherwise, references to the Registrant or the Company are to Frequency Electronics, Inc. and its subsidiaries. References to “FEI” are to the parent company alone and do not refer to any of the subsidiaries. Frequency Electronics, a Delaware corporation, has its principal executive office at 55 Charles Lindbergh Boulevard, Mitchel Field, New York 11553. Its telephone number is 516-794-4500 and its website is www.frequencyelectronics.com.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 68M | 70M | 55M | 41M | 48M | 54M |
| Net Income | 7.2M | 24M | 5.6M | -5.5M | -8.7M | 680K |
| EPS | $0.73 | $2.46 | $0.59 | $-0.59 | $-0.93 | $0.07 |
| Free Cash Flow | -3.8M | -3.2M | 7.2M | 257K | 2.2M | 11M |
| ROIC | 11.4% | 42.2% | 54.9% | -16.7% | -18.6% | 1.2% |
| Gross Margin | 38.0% | 43.1% | 33.6% | 19.2% | 17.8% | 31.2% |
| Debt/Equity | 0.00 | 0.16 | 0.16 | 0.23 | 0.19 | 0.27 |
| Dividends/Share | $0.00 | $0.99 | $0.00 | $1.00 | $0.00 | - |
| Operating Income | 6.6M | 12M | 5.0M | -4.7M | -8.0M | -958K |
| Operating Margin | 9.8% | 17.5% | 9.1% | -11.5% | -16.6% | -1.8% |
| ROE | 11.9% | 49.6% | 14.0% | -16.7% | -18.6% | 1.2% |
| Shares Outstanding | 10M | 10M | 9M | 9M | 9M | 10M |
FREQUENCY ELECTRONICS INC passes 5 of 9 quality checks, suggesting mixed fundamentals.
FREQUENCY ELECTRONICS INC trades at 26.0x trailing earnings, compared to its 15-year median P/E of 15.2x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 12.6% with a gross margin of 29.0%. Total shareholder yield (dividends + buybacks) is 2.0%. At current prices, the estimated annualized return to fair value is +0.9%.
FREQUENCY ELECTRONICS INC (FEIM) has a current P/E ratio of 26.0, compared to its historical median P/E of 15.2. The stock is currently considered Fair based on its historical valuation range.
FREQUENCY ELECTRONICS INC (FEIM) has a 5-year average return on invested capital (ROIC) of 12.6%. This indicates solid capital allocation.
FREQUENCY ELECTRONICS INC (FEIM) has a market capitalization of $557M. It is classified as a small-cap stock.
Yes, FREQUENCY ELECTRONICS INC (FEIM) pays a dividend with a trailing twelve-month yield of 1.76%. The company also returns capital through share buybacks, with a buyback yield of 0.28%.
Based on historical P/E analysis, FREQUENCY ELECTRONICS INC (FEIM) appears fair. The current P/E of 26.0 is 71% above its historical median of 15.2. The estimated fair value CAGR (P/E method) is 32.9%.
FREQUENCY ELECTRONICS INC (FEIM) operates in the Instruments For Meas & Testing Of Electricity & Elec Signals industry, within the Technology sector.
FREQUENCY ELECTRONICS INC (FEIM) reported annual revenue of $70 million in its most recent fiscal year, based on SEC EDGAR filings.
FREQUENCY ELECTRONICS INC (FEIM) has a net profit margin of 33.9%. This is a strong margin indicating high profitability.
FREQUENCY ELECTRONICS INC (FEIM) generated $-3 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
FREQUENCY ELECTRONICS INC (FEIM) has a debt-to-equity ratio of 0.16. This indicates a conservatively financed balance sheet.
FREQUENCY ELECTRONICS INC (FEIM) reported earnings per share (EPS) of $2.46 in its most recent fiscal year.
FREQUENCY ELECTRONICS INC (FEIM) has a return on equity (ROE) of 49.6%. This indicates the company generates strong returns for shareholders.
FREQUENCY ELECTRONICS INC (FEIM) has a 5-year average gross margin of 29.0%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for FREQUENCY ELECTRONICS INC (FEIM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FREQUENCY ELECTRONICS INC (FEIM) has a book value per share of $5.78, based on its most recent annual SEC filing.
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