FORFARMERS NV (FFARM.AS) Stock Fundamental Analysis

Europe • Euronext Amsterdam • AMS:FFARM • NL0011832811

5.64 EUR
+0.07 (+1.26%)
Last: Feb 10, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

FFARM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 62 industry peers in the Food Products industry. FFARM has only an average score on both its financial health and profitability. FFARM scores decently on growth, while it is valued quite cheap. This could make an interesting combination. These ratings would make FFARM suitable for value investing!


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year FFARM was profitable.
  • FFARM had a positive operating cash flow in the past year.
  • FFARM had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years FFARM had a positive operating cash flow.
FFARM.AS Yearly Net Income VS EBIT VS OCF VS FCFFFARM.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M 100M

1.2 Ratios

  • FFARM's Return On Assets of 4.82% is fine compared to the rest of the industry. FFARM outperforms 69.35% of its industry peers.
  • Looking at the Return On Equity, with a value of 15.46%, FFARM belongs to the top of the industry, outperforming 85.48% of the companies in the same industry.
  • FFARM has a Return On Invested Capital of 9.76%. This is amongst the best in the industry. FFARM outperforms 85.48% of its industry peers.
  • FFARM had an Average Return On Invested Capital over the past 3 years of 4.52%. This is below the industry average of 6.69%.
  • The last Return On Invested Capital (9.76%) for FFARM is above the 3 year average (4.52%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.82%
ROE 15.46%
ROIC 9.76%
ROA(3y)1.66%
ROA(5y)1.6%
ROE(3y)4.87%
ROE(5y)4.38%
ROIC(3y)4.52%
ROIC(5y)5.03%
FFARM.AS Yearly ROA, ROE, ROICFFARM.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10

1.3 Margins

  • With a Profit Margin value of 1.71%, FFARM perfoms like the industry average, outperforming 45.16% of the companies in the same industry.
  • FFARM's Profit Margin has improved in the last couple of years.
  • FFARM's Operating Margin of 2.48% is on the low side compared to the rest of the industry. FFARM is outperformed by 67.74% of its industry peers.
  • FFARM's Operating Margin has been stable in the last couple of years.
  • FFARM has a Gross Margin of 18.91%. This is amonst the worse of the industry: FFARM underperforms 80.65% of its industry peers.
  • FFARM's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 2.48%
PM (TTM) 1.71%
GM 18.91%
OM growth 3Y22.91%
OM growth 5Y-1.24%
PM growth 3Y36.41%
PM growth 5Y9.73%
GM growth 3Y4.94%
GM growth 5Y1.08%
FFARM.AS Yearly Profit, Operating, Gross MarginsFFARM.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FFARM is still creating some value.
  • Compared to 1 year ago, FFARM has about the same amount of shares outstanding.
  • The number of shares outstanding for FFARM has been reduced compared to 5 years ago.
  • Compared to 1 year ago, FFARM has a worse debt to assets ratio.
FFARM.AS Yearly Shares OutstandingFFARM.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
FFARM.AS Yearly Total Debt VS Total AssetsFFARM.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • FFARM has an Altman-Z score of 3.77. This indicates that FFARM is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 3.77, FFARM belongs to the best of the industry, outperforming 80.65% of the companies in the same industry.
  • The Debt to FCF ratio of FFARM is 2.61, which is a good value as it means it would take FFARM, 2.61 years of fcf income to pay off all of its debts.
  • FFARM has a better Debt to FCF ratio (2.61) than 90.32% of its industry peers.
  • FFARM has a Debt/Equity ratio of 0.33. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.33, FFARM is in the better half of the industry, outperforming 75.81% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 2.61
Altman-Z 3.77
ROIC/WACC1.45
WACC6.72%
FFARM.AS Yearly LT Debt VS Equity VS FCFFFARM.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.3 Liquidity

  • A Current Ratio of 1.10 indicates that FFARM should not have too much problems paying its short term obligations.
  • FFARM's Current ratio of 1.10 is on the low side compared to the rest of the industry. FFARM is outperformed by 64.52% of its industry peers.
  • FFARM has a Quick Ratio of 1.10. This is a bad value and indicates that FFARM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • FFARM's Quick ratio of 0.81 is in line compared to the rest of the industry. FFARM outperforms 46.77% of its industry peers.
Industry RankSector Rank
Current Ratio 1.1
Quick Ratio 0.81
FFARM.AS Yearly Current Assets VS Current LiabilitesFFARM.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • FFARM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 170.80%, which is quite impressive.
  • FFARM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.71% yearly.
  • Looking at the last year, FFARM shows a quite strong growth in Revenue. The Revenue has grown by 8.76% in the last year.
  • FFARM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.20% yearly.
EPS 1Y (TTM)170.8%
EPS 3Y40.88%
EPS 5Y14.71%
EPS Q2Q%440%
Revenue 1Y (TTM)8.76%
Revenue growth 3Y0.93%
Revenue growth 5Y2.2%
Sales Q2Q%15.97%

3.2 Future

  • Based on estimates for the next years, FFARM will show a very strong growth in Earnings Per Share. The EPS will grow by 36.58% on average per year.
  • The Revenue is expected to grow by 5.59% on average over the next years.
EPS Next Y117.81%
EPS Next 2Y51.7%
EPS Next 3Y36.58%
EPS Next 5YN/A
Revenue Next Year18.16%
Revenue Next 2Y7.65%
Revenue Next 3Y5.59%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
FFARM.AS Yearly Revenue VS EstimatesFFARM.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B
FFARM.AS Yearly EPS VS EstimatesFFARM.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.2 0.4 0.6 0.8 1

More info and screens

Find the best growth stocksShow best growing peers

9

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 10.25, which indicates a very decent valuation of FFARM.
  • FFARM's Price/Earnings ratio is rather cheap when compared to the industry. FFARM is cheaper than 82.26% of the companies in the same industry.
  • FFARM's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.03.
  • A Price/Forward Earnings ratio of 9.78 indicates a reasonable valuation of FFARM.
  • FFARM's Price/Forward Earnings ratio is rather cheap when compared to the industry. FFARM is cheaper than 83.87% of the companies in the same industry.
  • FFARM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.97.
Industry RankSector Rank
PE 10.25
Fwd PE 9.78
FFARM.AS Price Earnings VS Forward Price EarningsFFARM.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FFARM indicates a rather cheap valuation: FFARM is cheaper than 90.32% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, FFARM is valued cheaper than 91.94% of the companies in the same industry.
Industry RankSector Rank
P/FCF 7.65
EV/EBITDA 4.56
FFARM.AS Per share dataFFARM.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of FFARM may justify a higher PE ratio.
  • A more expensive valuation may be justified as FFARM's earnings are expected to grow with 36.58% in the coming years.
PEG (NY)0.09
PEG (5Y)0.7
EPS Next 2Y51.7%
EPS Next 3Y36.58%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • FFARM has a Yearly Dividend Yield of 3.60%. Purely for dividend investing, there may be better candidates out there.
  • FFARM's Dividend Yield is a higher than the industry average which is at 3.02.
  • Compared to an average S&P500 Dividend Yield of 1.80, FFARM pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.6%

5.2 History

  • The dividend of FFARM decreases each year by -12.97%.
Dividend Growth(5Y)-12.97%
Div Incr Years1
Div Non Decr Years1
FFARM.AS Yearly Dividends per shareFFARM.AS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.05 0.1 0.15 0.2 0.25

5.3 Sustainability

  • FFARM pays out 42.09% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP42.09%
EPS Next 2Y51.7%
EPS Next 3Y36.58%
FFARM.AS Yearly Income VS Free CF VS DividendFFARM.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M
FFARM.AS Dividend Payout.FFARM.AS Dividend Payout, showing the Payout Ratio.FFARM.AS Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

FORFARMERS NV

AMS:FFARM (2/10/2026, 7:00:00 PM)

5.64

+0.07 (+1.26%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)11-06
Earnings (Next)02-19
Inst Owners3.65%
Inst Owner ChangeN/A
Ins Owners5.48%
Ins Owner ChangeN/A
Market Cap503.54M
Revenue(TTM)2.96B
Net Income(TTM)50.60M
Analysts86
Price Target6.07 (7.62%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.6%
Yearly Dividend0.15
Dividend Growth(5Y)-12.97%
DP42.09%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)2.15%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.33%
Valuation
Industry RankSector Rank
PE 10.25
Fwd PE 9.78
P/S 0.17
P/FCF 7.65
P/OCF 4.67
P/B 1.54
P/tB 2.36
EV/EBITDA 4.56
EPS(TTM)0.55
EY9.75%
EPS(NY)0.58
Fwd EY10.23%
FCF(TTM)0.74
FCFY13.07%
OCF(TTM)1.21
OCFY21.41%
SpS33.18
BVpS3.66
TBVpS2.39
PEG (NY)0.09
PEG (5Y)0.7
Graham Number6.73
Profitability
Industry RankSector Rank
ROA 4.82%
ROE 15.46%
ROCE 12.38%
ROIC 9.76%
ROICexc 10.85%
ROICexgc 13.71%
OM 2.48%
PM (TTM) 1.71%
GM 18.91%
FCFM 2.22%
ROA(3y)1.66%
ROA(5y)1.6%
ROE(3y)4.87%
ROE(5y)4.38%
ROIC(3y)4.52%
ROIC(5y)5.03%
ROICexc(3y)5.02%
ROICexc(5y)6.01%
ROICexgc(3y)6.45%
ROICexgc(5y)7.81%
ROCE(3y)5.89%
ROCE(5y)6.6%
ROICexgc growth 3Y23.14%
ROICexgc growth 5Y0.01%
ROICexc growth 3Y22.42%
ROICexc growth 5Y1.04%
OM growth 3Y22.91%
OM growth 5Y-1.24%
PM growth 3Y36.41%
PM growth 5Y9.73%
GM growth 3Y4.94%
GM growth 5Y1.08%
F-Score7
Asset Turnover2.82
Health
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 2.61
Debt/EBITDA 0.84
Cap/Depr 74.07%
Cap/Sales 1.42%
Interest Coverage 11.47
Cash Conversion 82.86%
Profit Quality 130.04%
Current Ratio 1.1
Quick Ratio 0.81
Altman-Z 3.77
F-Score7
WACC6.72%
ROIC/WACC1.45
Cap/Depr(3y)70.12%
Cap/Depr(5y)76.46%
Cap/Sales(3y)1.08%
Cap/Sales(5y)1.25%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)170.8%
EPS 3Y40.88%
EPS 5Y14.71%
EPS Q2Q%440%
EPS Next Y117.81%
EPS Next 2Y51.7%
EPS Next 3Y36.58%
EPS Next 5YN/A
Revenue 1Y (TTM)8.76%
Revenue growth 3Y0.93%
Revenue growth 5Y2.2%
Sales Q2Q%15.97%
Revenue Next Year18.16%
Revenue Next 2Y7.65%
Revenue Next 3Y5.59%
Revenue Next 5YN/A
EBIT growth 1Y86.29%
EBIT growth 3Y24.06%
EBIT growth 5Y0.93%
EBIT Next Year209.72%
EBIT Next 3Y49.03%
EBIT Next 5YN/A
FCF growth 1Y52.22%
FCF growth 3Y40.78%
FCF growth 5Y-6.65%
OCF growth 1Y38.17%
OCF growth 3Y8.69%
OCF growth 5Y-6.1%

FORFARMERS NV / FFARM.AS FAQ

What is the fundamental rating for FFARM stock?

ChartMill assigns a fundamental rating of 6 / 10 to FFARM.AS.


Can you provide the valuation status for FORFARMERS NV?

ChartMill assigns a valuation rating of 9 / 10 to FORFARMERS NV (FFARM.AS). This can be considered as Undervalued.


What is the profitability of FFARM stock?

FORFARMERS NV (FFARM.AS) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for FFARM stock?

The Price/Earnings (PE) ratio for FORFARMERS NV (FFARM.AS) is 10.25 and the Price/Book (PB) ratio is 1.54.


Can you provide the dividend sustainability for FFARM stock?

The dividend rating of FORFARMERS NV (FFARM.AS) is 4 / 10 and the dividend payout ratio is 42.09%.