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Frequency Electronics, Inc.

FEIM Technology Communication Equipment

Frequency Electronics, Inc.’s revenue for fiscal 2026 (year ended April 2026) was $63.2 million, down 9.43% from fiscal 2025.

Revenue
+69.8%
EPS
+485.7%
Free cash flow
+361.8%

Quarter to July 2026, against a year earlier

65.74 1.91 −2.82%
Market cap
$762.6M
P/E
263×
Fwd P/E
55.2×
Dividend yield
0.00%
F-score
4/9
Altman Z
9.57
Beneish M
−2.54
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 37.50
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — 1 — — — —
Insider Ownership 3.15%

Capital & Financial Ratios $m

Size
Market Cap 762.64
Revenue ttm 72.87
Net income ttm 2.68
Free cash flow ttm (0.18)
Net debt Q (61.41)
Valuation
P/E 262.96 (above 35: high)
Forward P/E 55.20 (above 35: high)
Price / sales 9.23
Forward P/S Powerpack
Price / FCF 0.00
Price / book 5.61
Financial health
Current ratio Q 5.34 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 273.68
Growth
Revenue growth Q +69.79% (above 0%: growing)
Operating income growth Q +1,328.57% (above 0%: growing)
EPS, this year +1,466.67% (at or above 15%: strong)
EPS, next year A +56.10% (at or above 15%: strong)
Revenue, next year A +30.80% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A −14.32% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 8.5×, against a ten-year median of 1.8×; over the ten years it ranged from 0.9× in 2022 to 11.9× in 2026.
P/E against its own 10 years 95.22%
10-year low 10-year high
P/S against its own 10 years 96.73%
10-year low 10-year high
P/B against its own 10 years 91.30%
10-year low 10-year high
EV/Sales against its own 10 years 96.11%
10-year low 10-year high

Dividends

Yield
0.00%
Annual rate
0.00
Payout ratio
0.00%

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 18 5 2 61
Receivables 5 6 5 6
Inventory 23 23 23 22
Other 11 18 17 20
58 53 48 111
2024 2025 2026 Q'26
Payables 2 1 3 2
ST’ Debt — — — —
Other 22 14 9 12
31 23 21 21

Compound Annual Growth %

10y 5y 3y
Sales 1.33% 3.11% 15.74%
Cash Flow (7.91%) (36.23%) 2.95%
Earnings 0.00% 0.00% 0.00%
Book Value (4.91%) 0.36% 19.70%

EPS $

Jul Oct Jan Apr Year
’26 0.41 — — — —
’26 0.07 0.18 0.16 (0.50) (0.09)
’25 0.25 0.28 1.60 0.34 2.48
’24 0.22 0.08 0.01 0.28 0.59
’23 (0.33) (0.25) (0.03) 0.03 (0.59)
’22 (0.17) 0.05 (0.08) (0.74) (0.93)
’21 (0.03) 0.04 (0.09) 0.15 0.07
Fiscal quarters ending in the months shown.

Revenue $m

Jul Oct Jan Apr Year
’26 23 — — — —
’26 14 17 17 15 63
’25 15 16 19 20 70
’24 12 14 14 16 55
’23 8 9 11 13 41
’22 13 13 12 10 48
’21 13 14 12 16 54
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jul Oct Jan Apr Year
’26 3 — — — —
’26 1 (1) (1) 2 1
’25 (1) 4 (4) 0 (1)
’24 (3) 0 4 7 9
’23 (4) 3 2 (1) 1
’22 (1) 2 2 0 4
’21 0 2 7 3 12
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jul Oct Jan Apr Year
’26 2 — — — —
’26 0 (1) (2) 1 (2)
’25 (2) 3 (4) (1) (3)
’24 (3) 0 4 7 7
’23 (4) 3 2 (1) 0
’22 (1) 2 2 0 2
’21 0 1 7 3 11
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to April

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jul ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 50 39 50 42 54 48 41 55 70 63 73 +2.6% 83 104 149 +33.1%
Gross margin, % 22.34 13.10 31.89 13.85 31.19 17.80 19.25 33.62 43.11 29.10 33.03 +6.8 pt
EBT (7) (11) (2) (12) 0 (9) (5) 5 12 (3) 2 (9.4%)
EBT margin, % (13.98) (28.61) (5.00) (28.35) 0.88 (17.94) (13.31) 9.89 17.40 (4.60) 2.44 +9.4 pt
Net income (5) (22) (3) (10) 1 (9) (6) 6 24 (1) 3 (17.2%)
Per share, $
Per share, $ Revenue 5.73 4.46 5.55 4.57 5.91 5.21 4.37 5.86 7.26 6.46 7.12 +1.3%
Earnings (0.55) (2.69) (0.28) (1.10) 0.07 (0.93) (0.59) 0.59 2.48 (0.09) 0.25 (18.2%)
Cash flow 0.44 0.51 (0.01) (0.16) 1.32 0.44 0.13 0.92 (0.15) 0.13 0.27 (12.7%)
Capex (0.60) (0.16) (0.31) (0.16) (0.13) (0.20) (0.10) (0.16) (0.19) (0.29) (0.29) (7.6%)
Free cash flow (0.15) 0.35 (0.32) (0.32) 1.19 0.23 0.03 0.77 (0.34) (0.16) (0.02) +0.6%
Book value 10.17 7.16 7.08 5.98 6.04 5.04 3.52 4.22 5.79 5.77 11.71 (6.1%)
Shares, m 9 9 9 9 9 9 9 9 10 10 10 +1.2%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 153.43 0.00 0.00 16.17 7.53 0.00 262.96 17.7
P/S 1.83 1.98 2.17 2.19 1.82 1.48 1.49 1.64 2.56 7.76 9.23 2.5
P/B 1.03 1.23 1.70 1.68 1.78 1.53 1.85 2.27 3.21 8.70 5.61 2.5
EV/Sales 1.76 1.78 2.06 2.11 1.61 1.22 1.42 1.47 2.62 7.88 8.51 2.4
EV/FCF (65.78) 22.52 (35.56) (30.34) 8.01 27.17 224.70 11.26 (56.57) (315.87) (3,370.96) (21.0)
Cash, $m
Cash, $m Operating cash flow 4 5 0 (1) 12 4 1 9 (1) 1 3 (11.6%)
Capex (5) (1) (3) (1) (1) (2) (1) (1) (2) (3) (3) (6.5%)
Free cash flow (1) 3 (3) (3) 11 2 0 7 (3) (2) 0 +1.8%
Balance, $m
Balance, $m Working capital 62 47 47 38 41 34 21 27 30 27 90 (8.8%)
Net debt (10) (14) (12) (9) (20) (22) (12) (18) (5) (2) (61) (18.4%)
Shareholders’ equity 89 63 63 54 55 47 33 40 56 56 120 (5.0%)
Returns, %
Returns, % ROA (4.09) (24.15) (2.97) (11.26) 0.72 (9.45) (6.91) 7.09 26.77 (0.98) 2.17 +3.1 pt
ROIC (5.93) (15.73) (3.44) (15.23) (1.70) (19.96) (14.01) 14.59 14.41 (3.42) 1.96 +2.5 pt
ROE (5.28) (31.16) (4.00) (17.09) 1.24 (16.97) (13.83) 15.39 49.64 (1.61) 3.04 +3.7 pt
People
People Employees 320 300 280 220 240 197 196 207 226 242 — (3.1%)
Revenue/emp, $m 0.16 0.13 0.18 0.19 0.23 0.25 0.21 0.27 0.31 0.26 — +5.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Apr 2026 · latest quarter Jul 2026 · fundamentals updated 2 Oct 2026

Frequency Electronics, Inc. vs peers in Communication Equipment (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
VISN Vistance Networks, Inc. $1.5B 0.2× 9.4× −37.66% (below 0%: shrinking) +1,671.43% (above 0%: growing) −200.40% (below 0%: shrinking) 35.33% (2.78%) Compare
HLIT Harmonic Inc. $1.1B — (loss-making) 20.6× +53.55% (above 0%: growing) n/m −284.31% (below 0%: shrinking) 52.37% 17.71% Compare
FEIM Frequency Electronics, Inc. $762.6M 263× 55.2× +69.79% (above 0%: growing) +485.71% (above 0%: growing) +361.82% (above 0%: growing) 45.84% 22.17%
NTGR NETGEAR, Inc. $614.3M — (loss-making) — (loss-making) −1.16% (below 0%: shrinking) n/m −118.63% (below 0%: shrinking) 40.21% (5.01%) Compare
TSAT Telesat Corporation $611.8M — (loss-making) — (loss-making) −21.45% (below 0%: shrinking) n/m +68.09% (above 0%: growing) 8.53% (30.37%) Compare
GILT Gilat Satellite Networks Ltd. $599.3M 16.1× 21.6× +16.86% (above 0%: growing) −35.29% (below 0%: shrinking) −250.32% (below 0%: shrinking) 30.37% 3.83% Compare
ADTN ADTRAN Holdings, Inc. $532.1M — (loss-making) — (loss-making) +6.07% (above 0%: growing) n/m −52.65% (below 0%: shrinking) 36.97% (3.58%) Compare
CLFD Clearfield, Inc. $435.1M — (loss-making) 153× +13.18% (above 0%: growing) +100.00% (above 0%: growing) −6.00% (below 0%: shrinking) 31.79% 5.86% Compare
LTRX Lantronix, Inc. $281.8M — (loss-making) 68.7× +8.03% (above 0%: growing) n/m +89.00% (above 0%: growing) 43.67% (1.26%) Compare
Median of peers $605.5M — 21.6× +7.05% +100.00% −85.64% 36.15% (2.02%)

All 46 Communication Equipment stocks →

Pay and ownership Proxy statement filed 28 August 2026

Ownership

Directors and executive officers, together 17.30%
Edenbrook Capital, LLC 11.10%
Jonathan Brolin 11.10%
Driehaus Capital Management LLC 6.30%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Frequency Electronics, Inc. (FEIM) Latest News

2 Nov

Impact 3 · · Zacks

28 Oct

Impact 4 · · GlobeNewswire

21 Oct

Impact 3 · · Investing.com
Impact 3 · · Investing.com
Impact 3 · · GlobeNewswire

24 Sep

Impact 3 · · Simply Wall St.

16 Sep

Impact 4 ·

12 Sep

Impact 4 ·

11 Sep

Impact 4 ·
Impact 4 · · InvestorsHub
Impact 4 ·
Impact 3 · · The Motley Fool transcript

10 Sep

Impact 3 · · MarketBeat transcript
Impact 3 ·

28 Jul

Impact 3 ·
Impact 3 ·

27 Jul

Impact 3 ·

23 Jul

Impact 4 ·
Impact 4 · · The Motley Fool transcript
Impact 4 ·

16 Jul

Impact 3 · · The Motley Fool
Impact 3 · · Moby transcript
Impact 3 · transcript

15 Jul

Impact 3 · · MarketBeat transcript
Impact 3 ·

22 Jun

Impact 4 · · Zacks

27 May

Impact 4 · · GlobeNewswire

18 May

Impact 4 · · Insider Monkey

30 Apr

Impact 4 · · GlobeNewswire

25 Mar

Impact 4 ·
stockrow.com/FEIM · Data as of Oct 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com