A Business at a Glance
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FREQUENCY ELECTRONICS INC
FEIM
$623M
Mkt Cap
$62.06
-2.48%
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 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 63M | 63M | 70M | 55M | 41M | 48M |
| Net Income | -903K | -903K | 24M | 5.6M | -5.5M | -8.7M |
| EPS | $-0.09 | $-0.09 | $2.46 | $0.59 | - | $-0.93 |
| Free Cash Flow | -1.6M | -1.6M | -3.2M | 7.2M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 77M | 55M | 50M | 39M | 50M | 42M | 54M | 48M | 41M | 55M | 70M | 63M | 63M |
| Gross Margin | 30.8% | 34.8% | 22.3% | 13.1% | 31.9% | 13.8% | 31.2% | 17.8% | 19.2% | 33.6% | 43.1% | 29.1% | 29.1% |
| R&D | 5.7M | 5.4M | 6.9M | 6.9M | 6.5M | 5.1M | 4.7M | 5.0M | 3.1M | 3.4M | 6.1M | 6.0M | 6.0M |
| SG&A | 14M | 11M | 12M | 11M | 12M | 12M | 13M | 12M | 9.4M | 10M | 12M | 15M | 15M |
| EBIT | 3.7M | 2.5M | -7.5M | -12M | -2.8M | -11M | -958K | -8.0M | -4.7M | 5.0M | 12M | -3.0M | -3.0M |
| Op. Margin | 4.8% | 4.5% | -14.9% | -31.5% | -5.7% | -26.3% | -1.8% | -16.6% | -11.5% | 9.1% | 16.8% | -4.7% | -4.7% |
| Net Income | 2.8M | 1.0M | -4.8M | -24M | -2.5M | -10M | 680K | -8.7M | -5.5M | 5.6M | 24M | -903K | -903K |
| Net Margin | 3.7% | 1.8% | -9.6% | -60.3% | -5.1% | -24.2% | 1.3% | -17.9% | -13.5% | 10.1% | 33.9% | -1.4% | -1.4% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 686K | 600K | 912K | 1.2M | 323K | 323K |
| Returns on Capital | |||||||||||||
| ROIC | 2.7% | 1.9% | -5.1% | -31.2% | -4.0% | -17.1% | 1.2% | -17.0% | -13.8% | 23.7% | 32.4% | -1.6% | -4.3% |
| ROE | 3.1% | 1.1% | -5.3% | -31.2% | -4.0% | -17.1% | 1.2% | -17.0% | -13.8% | 15.4% | 49.6% | -1.6% | -1.6% |
| ROA | 2.4% | 0.8% | -4.1% | -24.2% | -3.0% | -11.3% | 0.7% | -9.5% | -6.9% | 7.1% | 26.8% | -1.0% | -1.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.9M | 2.9M | 3.9M | 4.5M | -97K | -1.4M | 12M | 4.0M | 1.2M | 8.7M | -1.4M | 1.3M | 1.3M |
| Free Cash Flow | -2.3M | -340K | -1.3M | 3.1M | -2.9M | -2.9M | 11M | 2.2M | 257K | 7.2M | -3.2M | -1.6M | -1.6M |
| Owner Earnings | -2.1M | -399K | 588K | 1.6M | -3.4M | -5.0M | 8.6M | 764K | -1.5M | 5.8M | -4.6M | -2.6M | -2.6M |
| CapEx | 4.2M | 3.3M | 5.2M | 1.4M | 2.8M | 1.5M | 1.2M | 1.9M | 918K | 1.5M | 1.8M | 2.9M | 2.9M |
| Maint. CapEx | 2.9M | 2.5M | 2.6M | 2.5M | 2.8M | 3.3M | 3.3M | 3.0M | 2.4M | 2.1M | 2.1M | 1.9M | 1.9M |
| Growth CapEx | 1.2M | 765K | 2.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 966K | 966K |
| D&A | 2.9M | 2.5M | 2.6M | 2.5M | 2.8M | 3.3M | 3.3M | 3.0M | 2.4M | 2.1M | 2.1M | 1.9M | 1.9M |
| CapEx/OCF | 220.9% | 111.6% | 134.6% | 31.3% | N/A | N/A | 10.2% | 46.1% | 78.1% | 17.1% | N/A | N/A | 223.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.4M | 0 | 9.6M | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 7.5% | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 377K | 1.6M | 1.6M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.2% | 0.0% | 0.3% |
| Stock-Based Comp | 1.1M | 824K | 662K | 470K | 500K | 312K | 273K | 247K | 197K | 822K | 1.2M | 2.0M | 2.0M |
| Debt Repayment | 6.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -12M | -11M | -10.0M | N/A | -12M | -9.4M | N/A | N/A | N/A | N/A | N/A | N/A | -1.6M |
| Cash & Equiv. | 7.2M | 5.8M | 2.2M | 7.9M | 3.7M | 3.8M | 9.8M | 12M | 12M | 18M | 4.7M | 1.6M | 1.6M |
| Long-Term Debt | 6.0M | 6.0M | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.07 | 0.06 | 0.00 | 0.32 | 0.00 | 0.09 | 0.78 | 0.82 | 1.27 | 1.09 | 0.69 | 0.61 | 0.00 |
| Interest Coverage | 26.4 | 18.8 | -50.2 | -156.9 | -33.9 | -102.1 | -7.5 | -104.4 | -29.9 | 46.0 | 112.8 | -34.5 | -34.5 |
| Equity | 92M | 93M | 89M | 63M | 63M | 54M | 55M | 47M | 33M | 40M | 56M | 56M | 56M |
| Total Assets | 118M | 122M | 113M | 84M | 87M | 91M | 99M | 85M | 74M | 83M | 94M | 91M | 91M |
| Total Liabilities | 26M | 29M | 24M | 20M | 24M | 37M | 43M | 38M | 42M | 43M | 38M | 34M | 34M |
| Intangibles | 617K | 617K | 617K | 617K | 617K | 617K | 617K | 617K | 617K | N/A | N/A | N/A | N/A |
| Retained Earnings | 28M | 29M | 24M | -65K | -2.1M | -12M | -11M | -20M | -26M | -20M | 3.7M | 2.8M | 2.8M |
| Working Capital | 75M | 76M | 62M | 47M | 47M | 38M | 41M | 34M | 21M | 27M | 30M | 27M | 27M |
| Current Assets | 84M | 86M | 70M | 52M | 53M | 51M | 61M | 56M | 48M | 58M | 53M | 48M | 48M |
| Current Liabilities | 8.3M | 10M | 8.1M | 5.3M | 5.8M | 14M | 21M | 22M | 27M | 31M | 23M | 21M | 21M |
| Per Share Data | |||||||||||||
| EPS | 0.32 | 0.11 | -0.55 | -2.69 | -0.28 | -1.10 | 0.07 | -0.93 | N/A | 0.59 | 2.46 | -0.09 | -0.09 |
| Owner EPS | -0.24 | -0.04 | 0.07 | 0.18 | -0.38 | -0.55 | 0.88 | 0.08 | N/A | 0.61 | -0.48 | -0.26 | -0.26 |
| Book Value | 10.40 | 10.22 | 10.19 | 7.16 | 6.98 | 5.95 | 5.70 | 5.00 | N/A | 4.20 | 5.78 | 5.62 | 5.62 |
| Cash Flow/Share | 0.21 | 0.32 | 0.44 | 0.51 | -0.01 | -0.15 | 1.25 | 0.43 | N/A | 0.92 | -0.15 | 0.13 | 0.10 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | N/A | 0.00 | 0.99 | 0.00 | 0.00 |
| Shares Out. | 8.8M | 9.1M | 8.8M | 8.8M | 9.0M | 9.1M | 9.7M | 9.3M | N/A | 9.5M | 9.6M | 10.0M | 10.0M |
| Valuation | |||||||||||||
| P/E Ratio | 32.7 | 72.2 | N/A | N/A | N/A | N/A | 120.0 | N/A | N/A | 15.2 | 7.6 | N/A | -689.6 |
| P/FCF | N/A | N/A | N/A | 19.7 | N/A | N/A | 7.5 | 27.4 | N/A | 11.8 | N/A | N/A | N/A |
| EV/EBIT | 21.8 | 25.0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 1.0 | 0.8 | 0.8 | 1.0 | 1.4 | 1.3 | 1.5 | 1.3 | 1.7 | 2.1 | 3.2 | N/A | 11.0 |
| Price/Sales | 1.1 | 1.4 | 1.4 | 1.6 | 1.4 | 1.8 | 1.5 | 1.5 | 1.2 | 1.3 | 1.8 | N/A | 9.8 |
| FCF Yield | -2.5% | -0.5% | -1.8% | 5.1% | -3.3% | -4.0% | 13.4% | 3.7% | 0.5% | 8.5% | -1.8% | N/A | -0.3% |
| Market Cap | 92M | 73M | 73M | 61M | 88M | 72M | 82M | 59M | 56M | 85M | 179M | 0 | 623M |
| Avg. Price | 9.15 | 8.44 | 8.28 | 7.30 | 7.93 | 8.39 | 8.14 | 7.58 | 5.27 | 7.73 | 13.32 | 0.00 | 62.06 |
| Year-End Price | 10.46 | 7.94 | 8.32 | 6.95 | 9.69 | 7.88 | 8.40 | 6.37 | 6.04 | 8.97 | 18.61 | 0.00 | 62.06 |
FREQUENCY ELECTRONICS INC passes 1 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average ROIC is 4.7% with a gross margin of 28.6%. Total shareholder yield (buybacks) is 0.3%. At current prices, the estimated annualized return to fair value is +5.1%.
FREQUENCY ELECTRONICS INC (FEIM) has a 5-year average return on invested capital (ROIC) of 4.7%. This is below average and may indicate limited pricing power.
FREQUENCY ELECTRONICS INC (FEIM) has a market capitalization of $623M. It is classified as a small-cap stock.
FREQUENCY ELECTRONICS INC (FEIM) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.25%.
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 $63 million in its most recent fiscal year, based on SEC EDGAR filings.
FREQUENCY ELECTRONICS INC (FEIM) has a net profit margin of -1.4%. The company is currently unprofitable.
FREQUENCY ELECTRONICS INC (FEIM) generated $-2 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
| 257K |
| 2.2M |
| ROIC | -4.3% | -1.6% | 32.4% | 23.7% | -13.8% | -17.0% |
|---|
| Gross Margin | 29.1% | 29.1% | 43.1% | 33.6% | 19.2% | 17.8% |
|---|
| Debt/Equity | 0.00 | 0.61 | 0.69 | 1.09 | 1.27 | 0.82 |
|---|
| Dividends/Share | $0.00 | $0.00 | $0.99 | $0.00 | - | $0.00 |
|---|
| Operating Income | -3.0M | -3.0M | 12M | 5.0M | -4.7M | -8.0M |
|---|
| Operating Margin | -4.7% | -4.7% | 16.8% | 9.1% | -11.5% | -16.6% |
|---|
| ROE | -1.6% | -1.6% | 49.6% | 15.4% | -13.8% | -17.0% |
|---|
| Shares Outstanding | 10M | 10M | 10M | 9M | - | 9M |
|---|
FREQUENCY ELECTRONICS INC (FEIM) has a debt-to-equity ratio of 0.61. This indicates moderate leverage.
FREQUENCY ELECTRONICS INC (FEIM) reported earnings per share (EPS) of $-0.09 in its most recent fiscal year.
FREQUENCY ELECTRONICS INC (FEIM) has a return on equity (ROE) of -1.6%. A negative ROE may indicate losses or negative equity.
FREQUENCY ELECTRONICS INC (FEIM) has a 5-year average gross margin of 28.6%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 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 $5.62, based on its most recent annual SEC filing.
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