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FRENDY ENERGY SPA (FRE.MI) Stock Fundamental Analysis

BIT:FRE - Euronext Milan - IT0004819857 - Common Stock - Currency: EUR

0.216  -0.02 (-7.69%)

Fundamental Rating

5

FRE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 22 industry peers in the Independent Power and Renewable Electricity Producers industry. FRE is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. FRE has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

FRE had positive earnings in the past year.
FRE had a positive operating cash flow in the past year.
Of the past 5 years FRE 4 years were profitable.
Each year in the past 5 years FRE had a positive operating cash flow.
FRE.MI Yearly Net Income VS EBIT VS OCF VS FCFFRE.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 0 1M -1M -2M -3M

1.2 Ratios

FRE has a Return On Assets of 2.86%. This is amongst the best in the industry. FRE outperforms 86.36% of its industry peers.
Looking at the Return On Equity, with a value of 3.76%, FRE is in line with its industry, outperforming 59.09% of the companies in the same industry.
The Return On Invested Capital of FRE (3.41%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA 2.86%
ROE 3.76%
ROIC 3.41%
ROA(3y)-6.99%
ROA(5y)-4.04%
ROE(3y)-9.47%
ROE(5y)-5.47%
ROIC(3y)N/A
ROIC(5y)N/A
FRE.MI Yearly ROA, ROE, ROICFRE.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 0 -10 -20 -30

1.3 Margins

FRE's Profit Margin of 17.66% is fine compared to the rest of the industry. FRE outperforms 72.73% of its industry peers.
In the last couple of years the Profit Margin of FRE has grown nicely.
FRE has a Operating Margin (26.75%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of FRE has declined.
With a Gross Margin value of 74.33%, FRE perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
FRE's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 26.75%
PM (TTM) 17.66%
GM 74.33%
OM growth 3Y-13.9%
OM growth 5YN/A
PM growth 3Y21.57%
PM growth 5YN/A
GM growth 3Y-3.47%
GM growth 5YN/A
FRE.MI Yearly Profit, Operating, Gross MarginsFRE.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 0 -100 -200

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8

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FRE is destroying value.
The number of shares outstanding for FRE remains at a similar level compared to 1 year ago.
The debt/assets ratio for FRE has been reduced compared to a year ago.
FRE.MI Yearly Shares OutstandingFRE.MI Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M
FRE.MI Yearly Total Debt VS Total AssetsFRE.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 5M 10M 15M

2.2 Solvency

FRE has an Altman-Z score of 2.65. This is not the best score and indicates that FRE is in the grey zone with still only limited risk for bankruptcy at the moment.
FRE has a better Altman-Z score (2.65) than 90.91% of its industry peers.
The Debt to FCF ratio of FRE is 0.18, which is an excellent value as it means it would take FRE, only 0.18 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.18, FRE belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
FRE has a Debt/Equity ratio of 0.02. This is a healthy value indicating a solid balance between debt and equity.
FRE's Debt to Equity ratio of 0.02 is amongst the best of the industry. FRE outperforms 86.36% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.18
Altman-Z 2.65
ROIC/WACC0.41
WACC8.23%
FRE.MI Yearly LT Debt VS Equity VS FCFFRE.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2M 4M 6M 8M 10M

2.3 Liquidity

FRE has a Current Ratio of 9.81. This indicates that FRE is financially healthy and has no problem in meeting its short term obligations.
FRE has a Current ratio of 9.81. This is amongst the best in the industry. FRE outperforms 100.00% of its industry peers.
FRE has a Quick Ratio of 9.81. This indicates that FRE is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 9.81, FRE belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 9.81
Quick Ratio 9.81
FRE.MI Yearly Current Assets VS Current LiabilitesFRE.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2M 4M 6M

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3

3. Growth

3.1 Past

FRE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 113.66%, which is quite impressive.
FRE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.40% yearly.
FRE shows a strong growth in Revenue. In the last year, the Revenue has grown by 62.56%.
Measured over the past years, FRE shows a decrease in Revenue. The Revenue has been decreasing by -6.88% on average per year.
EPS 1Y (TTM)113.66%
EPS 3Y13.4%
EPS 5YN/A
EPS Q2Q%850%
Revenue 1Y (TTM)62.56%
Revenue growth 3Y-6.88%
Revenue growth 5YN/A
Sales Q2Q%63.5%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
FRE.MI Yearly Revenue VS EstimatesFRE.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2019 2020 2021 2022 2023 1M 2M 3M
FRE.MI Yearly EPS VS EstimatesFRE.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2019 2020 2021 2022 2023 0 0 0.01 0.01 0.01

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4

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 21.60, FRE is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of FRE indicates a somewhat cheap valuation: FRE is cheaper than 68.18% of the companies listed in the same industry.
FRE's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.35.
Industry RankSector Rank
PE 21.6
Fwd PE N/A
FRE.MI Price Earnings VS Forward Price EarningsFRE.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, FRE is valued cheaply inside the industry as 86.36% of the companies are valued more expensively.
86.36% of the companies in the same industry are more expensive than FRE, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 10.99
EV/EBITDA 4.49
FRE.MI Per share dataFRE.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.05 0.1 0.15

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

FRE does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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FRENDY ENERGY SPA

BIT:FRE (3/5/2025, 7:00:00 PM)

0.216

-0.02 (-7.69%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap12.81M
AnalystsN/A
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 21.6
Fwd PE N/A
P/S 5.55
P/FCF 10.99
P/OCF 10.55
P/B 1.18
P/tB 1.19
EV/EBITDA 4.49
EPS(TTM)0.01
EY4.63%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.02
FCFY9.1%
OCF(TTM)0.02
OCFY9.48%
SpS0.04
BVpS0.18
TBVpS0.18
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 2.86%
ROE 3.76%
ROCE 4.54%
ROIC 3.41%
ROICexc 4.86%
ROICexgc 4.92%
OM 26.75%
PM (TTM) 17.66%
GM 74.33%
FCFM 50.48%
ROA(3y)-6.99%
ROA(5y)-4.04%
ROE(3y)-9.47%
ROE(5y)-5.47%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-8.76%
ROICexcg growth 5YN/A
ROICexc growth 3Y-8.77%
ROICexc growth 5YN/A
OM growth 3Y-13.9%
OM growth 5YN/A
PM growth 3Y21.57%
PM growth 5YN/A
GM growth 3Y-3.47%
GM growth 5YN/A
F-Score8
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.18
Debt/EBITDA 0.18
Cap/Depr 9.07%
Cap/Sales 2.12%
Interest Coverage 250
Cash Conversion 104.92%
Profit Quality 285.78%
Current Ratio 9.81
Quick Ratio 9.81
Altman-Z 2.65
F-Score8
WACC8.23%
ROIC/WACC0.41
Cap/Depr(3y)5.31%
Cap/Depr(5y)9.2%
Cap/Sales(3y)2.47%
Cap/Sales(5y)3.57%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)113.66%
EPS 3Y13.4%
EPS 5YN/A
EPS Q2Q%850%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)62.56%
Revenue growth 3Y-6.88%
Revenue growth 5YN/A
Sales Q2Q%63.5%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y302.62%
EBIT growth 3Y-19.83%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y90.83%
FCF growth 3Y-8.66%
FCF growth 5YN/A
OCF growth 1Y85.78%
OCF growth 3Y-10.04%
OCF growth 5YN/A