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Frendy Energy SpAMIL:FRE -2.17%31 Capex-to-Operating-Cash-Flow is 0.20 as of Dec. 2025, which is 150% above its 10-year median of 0.08. GuruFocus rates MIL:FRE with a GF Score™ of 31/100 and a GF Value™ of €0.23 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 260 Utilities - Independent Power Producers companies, Frendy Energy SpA ranks better than 67.69% on this metric.
Capex-to-Operating-Cash-Flow assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. It’s also useful to distinguish whether the company is capital intensive or not.
Frendy Energy SpA (MIL:FRE) Capex-to-Operating-Cash-Flow Explanation
Capex-to-Operating-Cash-Flow ratio assesses how much of a company’s Cash Flow from Operations is being devoted to Capital Expenditure. It is a good indicator in terms of how much the company is focused on growth. In general, a high Capex-to-Operating-Cash-Flow ratio indicates that the company is investing more in physical assets and is focused on growth and expansion. Conversely, lower ratio could indicate that a company has reached maturity and is no longer pursuing aggressive growth.
Moreover, the ratio is also useful to distinguish whether the company is capital intensive or not. If the ratio is large, then the company tends to be capital intensive. Lower ratio suggests that it’s a capital-light business. The ratio can be combined with ROIC % to identify whether the company is an asset-light business that has a high return on invested capital. This is one question investors commonly ask to see if a company qualifies as a good company.
Frendy Energy SpA Capex-to-Operating-Cash-Flow Related Terms
Frendy Energy SpA Capex-to-Operating-Cash-Flow Historical Data
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The historical data trend for Frendy Energy SpA's Capex-to-Operating-Cash-Flow can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Frendy Energy SpA Capex-to-Operating-Cash-Flow Chart
Frendy Energy SpA Capex-to-Operating-Cash-Flow Competitor Comparison
For the Utilities - Renewable subindustry, Frendy Energy SpA's Capex-to-Operating-Cash-Flow, along with its competitors' market caps and Capex-to-Operating-Cash-Flow data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Frendy Energy SpA Capex-to-Operating-Cash-Flow vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Frendy Energy SpA's Capex-to-Operating-Cash-Flow distribution charts can be found below:
* The bar in red indicates where Frendy Energy SpA's Capex-to-Operating-Cash-Flow falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Capex-to-Operating-Cash-Flow of 0.20 mean?
Frendy Energy SpA (MIL:FRE) has a Capex-to-Operating-Cash-Flow of 0.20 as of Dec. 2025. Capex to Operating Cash Flow ratio assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. View historical data on Frendy Energy SpA and its competitors. This is 150% above median its historical median of 0.08. Over the past decade, Frendy Energy SpA's Capex-to-Operating-Cash-Flow has ranged from 0.02 to 5.39. According to the industry distribution chart, Frendy Energy SpA ranks #84 out of 260 companies in the Utilities - Independent Power Producers industry, placing it in the top 32.3%.
Is Frendy Energy SpA's Capex-to-Operating-Cash-Flow too high?
Frendy Energy SpA's current Capex-to-Operating-Cash-Flow of 0.20 is 150% above median its 10-year median of 0.08. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 5.39. The Utilities - Independent Power Producers industry median Capex-to-Operating-Cash-Flow is 0.65. Frendy Energy SpA's value of 0.20 is 69% below this industry median. Based on the distribution chart, Frendy Energy SpA ranks #84 out of 260 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Frendy Energy SpA has a GF Score™ of 31/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Frendy Energy SpA's Capex-to-Operating-Cash-Flow compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Frendy Energy SpA ranks #84 out of 260 companies for Capex-to-Operating-Cash-Flow. This puts Frendy Energy SpA in the upper half of its industry. The industry median Capex-to-Operating-Cash-Flow is 0.65. Frendy Energy SpA's value of 0.20 is 69% below this benchmark. Historically, Frendy Energy SpA's own Capex-to-Operating-Cash-Flow has ranged from 0.02 to 5.39 over the past decade. While the company's 10-year median is 0.08 vs. the industry median of 0.65, Frendy Energy SpA has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Capex-to-Operating-Cash-Flow for an Utilities - Independent Power Producers company?
The median Capex-to-Operating-Cash-Flow among Utilities - Independent Power Producers companies is 0.65, based on 260 companies in the industry. Companies in the top quartile (top 25%) have a Capex-to-Operating-Cash-Flow significantly above this median, while those in the bottom quartile fall well below. However, Capex-to-Operating-Cash-Flow should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Frendy Energy SpA's current Capex-to-Operating-Cash-Flow of 0.20 is 69% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Capex-to-Operating-Cash-Flow mean?
A high Capex-to-Operating-Cash-Flow can signal that a stock is expensive relative to its fundamentals. Capex to Operating Cash Flow ratio assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. View historical data on Frendy Energy SpA and its competitors. For the Utilities - Independent Power Producers industry, the median Capex-to-Operating-Cash-Flow is 0.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frendy Energy SpA's current Capex-to-Operating-Cash-Flow is 0.20, which is 150% above median its own 10-year median of 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frendy Energy SpA stock overvalued right now?
Based on GuruFocus' analysis, Frendy Energy SpA (MIL:FRE) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.23, compared to a current price of €0.18 — trading 21.7% below its estimated fair value. The current Capex-to-Operating-Cash-Flow is 0.20, which is 150% above median its 10-year median of 0.08 and 69% below the Utilities - Independent Power Producers industry median of 0.65. Frendy Energy SpA's overall GF Score™ is 31/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Capex-to-Operating-Cash-Flow calculated?
Capex-to-Operating-Cash-Flow is calculated from a company's financial statements. For Frendy Energy SpA (MIL:FRE), the current Capex-to-Operating-Cash-Flow is 0.20 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Frendy Energy SpA (MIL:FRE) Overvalued in 2026?
Based on GuruFocus' analysis, Frendy Energy SpA stock appears to be undervalued.
The current stock price of €0.18 is trading 21.7% below its estimated GF Value™ of €0.23.
GuruFocus considers Frendy Energy SpA to be Modestly Undervalued.
Key valuation signals for MIL:FRE:
Capex-to-Operating-Cash-Flow: 0.20 (150% above median its 10-year median of 0.08)
GF Value™: €0.23 vs. price of €0.18 (21.7% below fair value)
Industry Position: 69% below the Utilities - Independent Power Producers median (#84 of 260)
No single metric tells the full story. See the MIL:FRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frendy Energy SpA is an Italian company. It is engaged in building and operating mini hydropower plants towards the production and sale of electricity.
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