Professional
Added to YB: 2026-05-22
Pitch date: 2026-04-29
FEIM [bullish]
Frequency Electronics, Inc.
+26.97%
current return
Author Info
No bio for this author
Company Info
Frequency Electronics, Inc., together with its subsidiaries, engages in the design, development, manufacture, marketing, and sale of precision time and frequency control products and components for microwave integrated circuit applications.
Market Cap
$586.2M
Pitch Price
$47.17
Price Target
81.00 (+35%)
Dividend
N/A
EV/EBITDA
54.88
P/E
81.35
EV/Sales
8.76
Sector
Electronic Equipment, Instruments and Components
Category
growth
Merion Road New Position: Frequency Electronics, Inc.
FEIM (new position): 65-yr leader in precision time/frequency devices for military (55% rev), gov satellites (40%), commercial (5%). $83M backlog trending to $100M+. Key growth: missile defense (Patriot/THAAD), space infra, electronic warfare, quantum sensing. Edenbrook activist since 2016, declassified board, replaced CEO, installed discipline. Comps at 9-22x rev; 8x $100M rev = $81 PT (+65% upside from current).
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