Financials Frontier Developments plc

Equities

FDEV

GB00BBT32N39

Software

Market Closed - London S.E. 11:35:12 2024-06-12 am EDT 5-day change 1st Jan Change
299 GBX +7.94% Intraday chart for Frontier Developments plc +14.78% +127.90%

Valuation

Fiscal Period: May 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 422.2 793.1 999.3 486.1 207.3 106.9 - -
Enterprise Value (EV) 1 386.8 747.4 956.9 447.4 179 88.73 92.23 88.15
P/E ratio 25.6 x 52.4 x 48.2 x 52.7 x -10 x -5.11 x -27.4 x 98 x
Yield - - - - - - - -
Capitalization / Revenue 4.71 x 10.4 x 11 x 4.26 x 1.98 x 1.2 x 1.21 x 1.08 x
EV / Revenue 4.31 x 9.82 x 10.6 x 3.92 x 1.71 x 1 x 1.04 x 0.89 x
EV / EBITDA 12.7 x 22.3 x 25.1 x 10.9 x 5.43 x 4.52 x 3.23 x 2.72 x
EV / FCF 24.9 x 69.8 x 157 x 185 x 39.8 x -33.7 x 92.6 x 14.8 x
FCF Yield 4.02% 1.43% 0.64% 0.54% 2.51% -2.97% 1.08% 6.74%
Price to Book 5.92 x 8.22 x 9.19 x 4.13 x 2.18 x 1.38 x 1.45 x 1.45 x
Nbr of stocks (in thousands) 38,170 38,409 38,885 38,949 38,598 38,598 - -
Reference price 2 11.06 20.65 25.70 12.48 5.370 2.990 2.990 2.990
Announcement Date 9/4/19 9/9/20 9/8/21 9/21/22 9/13/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: May 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 89.67 76.09 90.69 114 104.6 88.89 88.52 99.32
EBITDA 1 30.53 33.44 38.1 41.13 32.98 19.64 28.52 32.39
EBIT 1 19.37 16.62 19.9 1.536 -26.58 -28.4 -7.473 -2.125
Operating Margin 21.6% 21.85% 21.94% 1.35% -25.42% -31.95% -8.44% -2.14%
Earnings before Tax (EBT) 1 19.66 16.22 19.18 0.944 -26.51 -28.53 -7.519 -2.932
Net income 1 17.41 15.89 21.56 9.628 -20.9 -22.11 -3.624 1.732
Net margin 19.42% 20.89% 23.77% 8.44% -19.99% -24.88% -4.09% 1.74%
EPS 2 0.4320 0.3940 0.5330 0.2370 -0.5360 -0.5851 -0.1090 0.0305
Free Cash Flow 1 15.54 10.7 6.077 2.413 4.494 -2.632 0.9958 5.943
FCF margin 17.33% 14.07% 6.7% 2.12% 4.3% -2.96% 1.12% 5.98%
FCF Conversion (EBITDA) 50.9% 32.01% 15.95% 5.87% 13.63% - 3.49% 18.35%
FCF Conversion (Net income) 89.27% 67.35% 28.19% 25.06% - - - 343.09%
Dividend per Share 2 - - - - - - - -
Announcement Date 9/4/19 9/9/20 9/8/21 9/21/22 9/13/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: May 2021 S1 2021 S2 2023 S1 2024 S1
Net sales 1 - - - 47.68
EBITDA - 22.6 - -
EBIT - 13 - -
Operating Margin - - - -
Earnings before Tax (EBT) - - - -
Net income 5.809 - 6.719 -
Net margin - - - -
EPS 0.1440 - 0.1650 -
Dividend per Share - - - -
Announcement Date 2/3/21 9/8/21 1/19/23 1/17/24
1GBP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: May 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 35.3 45.8 42.4 38.7 28.3 18.2 14.7 18.8
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 15.5 10.7 6.08 2.41 4.49 -2.63 1 5.94
ROE (net income / shareholders' equity) 26.5% 20.9% 20.5% 8.32% -19.5% -24.7% -2.9% -0.16%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 1.870 2.510 2.800 3.030 2.460 2.170 2.070 2.060
Cash Flow per Share 2 0.8100 0.8000 0.9600 1.010 1.230 0.6800 0.8600 0.9100
Capex 1 17.3 21.7 32.9 38.7 43.4 34.3 33.6 32.2
Capex / Sales 19.24% 28.53% 36.25% 33.98% 41.48% 38.53% 37.97% 32.46%
Announcement Date 9/4/19 9/9/20 9/8/21 9/21/22 9/13/23 - - -
1GBP in Million2GBP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
2.77 GBP
Average target price
3.166 GBP
Spread / Average Target
+14.31%
Consensus

Annual profits - Rate of surprise

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