Financials Frontier Developments plc

Equities

FDEV

GB00BBT32N39

Software

Market Closed - London S.E. 09:05:17 29/04/2024 pm IST 5-day change 1st Jan Change
209 GBX +0.24% Intraday chart for Frontier Developments plc +1.70% +59.30%

Valuation

Fiscal Period: May 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 422.2 793.1 999.3 486.1 207.3 80.48 - -
Enterprise Value (EV) 1 386.8 747.4 956.9 447.4 179 83.06 86.14 82.33
P/E ratio 25.6 x 52.4 x 48.2 x 52.7 x -10 x -3.48 x -15.5 x 122 x
Yield - - - - - - - -
Capitalization / Revenue 4.71 x 10.4 x 11 x 4.26 x 1.98 x 0.96 x 0.9 x 0.85 x
EV / Revenue 4.31 x 9.82 x 10.6 x 3.92 x 1.71 x 0.99 x 0.96 x 0.87 x
EV / EBITDA 12.7 x 22.3 x 25.1 x 10.9 x 5.43 x 5.28 x 2.92 x 2.52 x
EV / FCF 24.9 x 69.8 x 157 x 185 x 39.8 x -6.07 x -22 x 97.3 x
FCF Yield 4.02% 1.43% 0.64% 0.54% 2.51% -16.5% -4.55% 1.03%
Price to Book 5.92 x 8.22 x 9.19 x 4.13 x 2.18 x 1.18 x 1.26 x 1.28 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 2.085 2.085 2.085
Announcement Date 04/09/19 09/09/20 08/09/21 21/09/22 13/09/23 - - -
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 84.19 89.92 95.17
EBITDA 1 30.53 33.44 38.1 41.13 32.98 15.73 29.53 32.73
EBIT 1 19.37 16.62 19.9 1.536 -26.58 -29.8 -8.471 -6.222
Operating Margin 21.6% 21.85% 21.94% 1.35% -25.42% -35.4% -9.42% -6.54%
Earnings before Tax (EBT) 1 19.66 16.22 19.18 0.944 -26.51 -26.3 -7.226 -4.698
Net income 1 17.41 15.89 21.56 9.628 -20.9 -23.53 -5.383 0.0043
Net margin 19.42% 20.89% 23.77% 8.44% -19.99% -27.95% -5.99% 0%
EPS 2 0.4320 0.3940 0.5330 0.2370 -0.5360 -0.5985 -0.1346 0.0171
Free Cash Flow 1 15.54 10.7 6.077 2.413 4.494 -13.69 -3.916 0.8459
FCF margin 17.33% 14.07% 6.7% 2.12% 4.3% -16.26% -4.36% 0.89%
FCF Conversion (EBITDA) 50.9% 32.01% 15.95% 5.87% 13.63% - - 2.58%
FCF Conversion (Net income) 89.27% 67.35% 28.19% 25.06% - - - 19,671.63%
Dividend per Share 2 - - - - - - - -
Announcement Date 04/09/19 09/09/20 08/09/21 21/09/22 13/09/23 - - -
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 03/02/21 08/09/21 19/01/23 17/01/24
1GBP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: May 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - 2.58 5.66 1.85
Net Cash position 1 35.3 45.8 42.4 38.7 28.3 - - -
Leverage (Debt/EBITDA) - - - - - 0.1642 x 0.1916 x 0.0565 x
Free Cash Flow 1 15.5 10.7 6.08 2.41 4.49 -13.7 -3.92 0.85
ROE (net income / shareholders' equity) 26.5% 20.9% 20.5% 8.32% -19.5% -15.5% -4.67% -3.56%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 1.870 2.510 2.800 3.030 2.460 1.760 1.660 1.630
Cash Flow per Share 2 0.8100 0.8000 0.9600 1.010 1.230 0.4600 0.8300 0.8300
Capex 1 17.3 21.7 32.9 38.7 43.4 33.4 33 31.6
Capex / Sales 19.24% 28.53% 36.25% 33.98% 41.48% 39.7% 36.66% 33.23%
Announcement Date 04/09/19 09/09/20 08/09/21 21/09/22 13/09/23 - - -
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
10
Last Close Price
2.085 GBP
Average target price
1.978 GBP
Spread / Average Target
-5.14%
Consensus

Annual profits - Rate of surprise

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