FREQUENCY HOLDINGS INC
FRQND · Technology · FY2024 filings · No moat ·
Doesn't clear the bar
The five investor questions
2021–2024: revenue 3450.00 to 4811040.00, increasing; diluted EPS -0.08 to 0.01, increasing. Latest-filed diluted EPS remains usable for Business Trend, but an integer share-count change lacks enough evidence to confirm a comparable EPS basis; valuation growth therefore stays at 0%.
Median gross margin 32.1% over 5y, variable.
Not enough years of ROIC data to score returns on capital.
Net debt/EBITDA n/ax, interest coverage -3x.
Owner earnings trend unclear, share count growing (dilution).
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
Price vs. owner-earnings value range
- Owner earnings (normalized)
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- Value range / share
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- Conservative high estimate / share
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- Recent price
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- Price vs. high estimate
- No price data
Conservative range under moat-index@2.0.0: low end 11.1×, high end capped at 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.
9 years of fundamentals
The business, in plain English
FREQUENCY HOLDINGS INC booked $4.8M of revenue in FY2024 in the Technology sector and kept 61.8% of it as gross profit — a high-margin business by that measure. After every other cost, 91.4% of each revenue dollar reached the bottom line.
The balance sheet carried $2.7M of total debt in FY2024 against $4.4M of owner earnings — roughly 0.6 years of owner earnings to retire it all. Balance-Sheet Safety scores it 28/100.
The share count rose 4456.2% between FY2015 and FY2024 — existing owners have been diluted over the record. Capital Discipline scores it 24/100.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
Not disclosed in FRQND’s filings for these years — we don’t estimate it.
Gaps in a line mean that item isn’t in FRQND’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Moat Score history
Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars
- Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026
Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.
Track record
How FREQUENCY HOLDINGS INC’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.
How to read this: each dot is what the engine would have scored FRQND on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.
Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The indexed price path isn't available for this company yet; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.
What followed, in the years it rated Wide
In the reconstructed history shown, FRQND did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.
Technology context
#485 of 745 scored Technology companies, ranked by Moat Score.
Nearest peers by Moat Score
- #483KPLT KATAPULT HOLDINGS, INC.39.3 out of 100, No moatNo moat
- #484BB BlackBerry Limited39.2 out of 100, No moatNo moat
- #486BLZE BACKBLAZE, INC.39.0 out of 100, No moatNo moat
- #487SKIL Skillsoft Corp.39.0 out of 100, No moatNo moat
Compare FRQND with its nearest peers →All Technology companies on the Index →
Common questions about FRQND
- Does FREQUENCY HOLDINGS INC have an economic moat?
- Based on its FY2024 SEC filings, the Moat Index scores FREQUENCY HOLDINGS INC (FRQND) 39.1 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 78, pricing power 27, returns on capital not measurable from the filings, balance-sheet safety 28, capital discipline 24.
- How has FRQND's Moat Score changed over time?
- The record logs 8 readings since Jul 17, 2026; the latest reads 39.1 out of 100 (no moat). No tier changes on record yet. (A methodology upgrade on Jul 20, 2026 re-based the score; readings across engine versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.