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Frendy Energy SpAMIL:FRE +1.09%31 Net Cash per Share is €0.03 as of Dec. 2025, which is 100% below its 10-year median of 8.87. GuruFocus rates MIL:FRE with a GF Score™ of 31/100 and a GF Value™ of €0.22 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 50 Utilities - Independent Power Producers companies, Frendy Energy SpA ranks better than 52% on this metric.
The historical rank and industry rank for Frendy Energy SpA's Net Cash per Share or its related term are showing as below:
MIL:FRE'
s Price-to-Net-Cash Range Over the Past 10 Years
Min: 6.16 Med: 8.87 Max: 10.8
Current: 6.16
During the past 13 years, the highest Price-to-Net-Cash Ratio of Frendy Energy SpA was 10.80. The lowest was 6.16. And the median was 8.87.
MIL:FRE's Price-to-Net-Cash is ranked better than 52% of 50
companies
in the Utilities - Independent Power Producers industry
Industry Median: 7.255
vs MIL:FRE: 6.16
Frendy Energy SpA (MIL:FRE) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Frendy Energy SpA Net Cash per Share Related Terms
Frendy Energy SpA Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Frendy Energy SpA's Net Cash per Share 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 Net Cash per Share Competitor Comparison
For the Utilities - Renewable subindustry, Frendy Energy SpA's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Frendy Energy SpA's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Frendy Energy SpA's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
Frendy Energy SpA's Net Cash per Share for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (MIL:FRE) has a Net Cash per Share of €0.03 as of Dec. 2025. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Frendy Energy SpA and its competitors. This is 100% below median its historical median of 8.87. Over the past decade, Frendy Energy SpA's Net Cash per Share has ranged from 6.16 to 10.80. According to the industry distribution chart, Frendy Energy SpA ranks #24 out of 50 companies in the Utilities - Independent Power Producers industry, placing it in the top 48%.
Is Frendy Energy SpA's Net Cash per Share too high?
Frendy Energy SpA's current Net Cash per Share of €0.03 is 100% below median its 10-year median of 8.87. Over the past 10 years, this metric has ranged from a low of 6.16 to a high of 10.80. Based on the distribution chart, Frendy Energy SpA ranks #24 out of 50 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 Net Cash per Share compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Frendy Energy SpA ranks #24 out of 50 companies for Net Cash per Share. This puts Frendy Energy SpA in the upper half of its industry. The industry median Net Cash per Share is 7.26. Historically, Frendy Energy SpA's own Net Cash per Share has ranged from 6.16 to 10.80 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for an Utilities - Independent Power Producers company?
The median Net Cash per Share among Utilities - Independent Power Producers companies is 7.26, based on 50 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Frendy Energy SpA and its competitors. For the Utilities - Independent Power Producers industry, the median Net Cash per Share is 7.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frendy Energy SpA's current Net Cash per Share is €0.03, which is 100% below median its own 10-year median of 8.87. 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 €0.22, compared to a current price of €0.19 — trading 15.9% below its estimated fair value. The current Net Cash per Share is €0.03, which is 100% below median its 10-year median of 8.87. 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 Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Frendy Energy SpA (MIL:FRE), the current Net Cash per Share is €0.03 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 €0.19 is trading 15.9% below its estimated GF Value™ of €0.22.
GuruFocus considers Frendy Energy SpA to be Modestly Undervalued.
Key valuation signals for MIL:FRE:
Net Cash per Share: €0.03 (100% below median its 10-year median of 8.87)
GF Value™: €0.22 vs. price of €0.19 (15.9% below fair value)
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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