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FRENDY ENERGY SPA (FRE.MI) Stock Fundamental Analysis

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

0.22  -0.02 (-8.33%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to FRE. FRE was compared to 21 industry peers in the Independent Power and Renewable Electricity Producers industry. FRE has an excellent financial health rating, but there are some minor concerns on its profitability. FRE is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

FRE had positive earnings in the past year.
In the past year FRE had a positive cash flow from operations.
Of the past 5 years FRE 4 years were profitable.
FRE had a positive operating cash flow in each of the past 5 years.
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 2024 0 1M -1M -2M -3M

1.2 Ratios

FRE has a Return On Assets of 2.85%. This is comparable to the rest of the industry: FRE outperforms 57.14% of its industry peers.
Looking at the Return On Equity, with a value of 3.78%, FRE is in line with its industry, outperforming 52.38% of the companies in the same industry.
FRE's Return On Invested Capital of 4.32% is fine compared to the rest of the industry. FRE outperforms 66.67% of its industry peers.
Industry RankSector Rank
ROA 2.85%
ROE 3.78%
ROIC 4.32%
ROA(3y)-6.29%
ROA(5y)-3.48%
ROE(3y)-8.55%
ROE(5y)-4.72%
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 2024 0 -10 -20 -30

1.3 Margins

The Profit Margin of FRE (17.68%) is better than 66.67% of its industry peers.
In the last couple of years the Profit Margin of FRE has grown nicely.
FRE has a better Operating Margin (30.32%) than 76.19% of its industry peers.
FRE's Operating Margin has improved in the last couple of years.
FRE has a Gross Margin of 73.96%. This is in the better half of the industry: FRE outperforms 61.90% of its industry peers.
In the last couple of years the Gross Margin of FRE has grown nicely.
Industry RankSector Rank
OM 30.32%
PM (TTM) 17.68%
GM 73.96%
OM growth 3Y26.28%
OM growth 5Y25.93%
PM growth 3Y38.87%
PM growth 5Y147.46%
GM growth 3Y2.28%
GM growth 5Y2.22%
FRE.MI Yearly Profit, Operating, Gross MarginsFRE.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 -100 -200

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8

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FRE is destroying value.
FRE has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, FRE has about the same amount of shares outstanding.
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 2024 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 2024 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 Altman-Z score of 2.65. This is in the better half of the industry: FRE outperforms 71.43% of its industry peers.
The Debt to FCF ratio of FRE is 0.14, which is an excellent value as it means it would take FRE, only 0.14 years of fcf income to pay off all of its debts.
FRE has a better Debt to FCF ratio (0.14) than 100.00% of its industry peers.
A Debt/Equity ratio of 0.02 indicates that FRE is not too dependend on debt financing.
FRE has a better Debt to Equity ratio (0.02) than 85.71% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.14
Altman-Z 2.65
ROIC/WACC0.53
WACC8.08%
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 2024 2M 4M 6M 8M 10M

2.3 Liquidity

A Current Ratio of 8.46 indicates that FRE has no problem at all paying its short term obligations.
The Current ratio of FRE (8.46) is better than 95.24% of its industry peers.
A Quick Ratio of 8.46 indicates that FRE has no problem at all paying its short term obligations.
FRE's Quick ratio of 8.46 is amongst the best of the industry. FRE outperforms 100.00% of its industry peers.
Industry RankSector Rank
Current Ratio 8.46
Quick Ratio 8.46
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 2024 2M 4M 6M

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4

3. Growth

3.1 Past

FRE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 100.00%, which is quite impressive.
The Earnings Per Share has been growing by 133.89% on average over the past years. This is a very strong growth
FRE shows a strong growth in Revenue. In the last year, the Revenue has grown by 28.99%.
FRE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.35% yearly.
EPS 1Y (TTM)100%
EPS 3Y44.92%
EPS 5Y133.89%
EPS Q2Q%3.23%
Revenue 1Y (TTM)28.99%
Revenue growth 3Y3.86%
Revenue growth 5Y2.35%
Sales Q2Q%4.49%

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 2024 1M 2M 3M
FRE.MI Yearly EPS VS EstimatesFRE.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 0 0 0.01 0.01 0.01

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4

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 22.00 indicates a rather expensive valuation of FRE.
FRE's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 27.54. FRE is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 22
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

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FRE indicates a rather cheap valuation: FRE is cheaper than 95.24% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, FRE is valued cheaply inside the industry as 85.71% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 8.88
EV/EBITDA 2.88
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

The decent profitability rating of FRE may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.16
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 (7/17/2025, 7:00:00 PM)

0.22

-0.02 (-8.33%)

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 Cap13.05M
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 22
Fwd PE N/A
P/S 5.53
P/FCF 8.88
P/OCF 8.4
P/B 1.18
P/tB 1.19
EV/EBITDA 2.88
EPS(TTM)0.01
EY4.55%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.02
FCFY11.26%
OCF(TTM)0.03
OCFY11.9%
SpS0.04
BVpS0.19
TBVpS0.18
PEG (NY)N/A
PEG (5Y)0.16
Profitability
Industry RankSector Rank
ROA 2.85%
ROE 3.78%
ROCE 5.18%
ROIC 4.32%
ROICexc 6.75%
ROICexgc 6.83%
OM 30.32%
PM (TTM) 17.68%
GM 73.96%
FCFM 62.34%
ROA(3y)-6.29%
ROA(5y)-3.48%
ROE(3y)-8.55%
ROE(5y)-4.72%
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 3Y55.66%
ROICexcg growth 5Y45.79%
ROICexc growth 3Y55.6%
ROICexc growth 5Y45.7%
OM growth 3Y26.28%
OM growth 5Y25.93%
PM growth 3Y38.87%
PM growth 5Y147.46%
GM growth 3Y2.28%
GM growth 5Y2.22%
F-Score7
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.14
Debt/EBITDA 0.16
Cap/Depr 15.34%
Cap/Sales 3.52%
Interest Coverage 250
Cash Conversion 123.65%
Profit Quality 352.52%
Current Ratio 8.46
Quick Ratio 8.46
Altman-Z 2.65
F-Score7
WACC8.08%
ROIC/WACC0.53
Cap/Depr(3y)8.47%
Cap/Depr(5y)8.68%
Cap/Sales(3y)2.91%
Cap/Sales(5y)3.01%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)100%
EPS 3Y44.92%
EPS 5Y133.89%
EPS Q2Q%3.23%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)28.99%
Revenue growth 3Y3.86%
Revenue growth 5Y2.35%
Sales Q2Q%4.49%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y226.48%
EBIT growth 3Y31.14%
EBIT growth 5Y28.89%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y40.8%
FCF growth 3Y-4.01%
FCF growth 5Y30.93%
OCF growth 1Y45.82%
OCF growth 3Y-3.12%
OCF growth 5Y24.7%