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FORFARMERS NV (FFARM.AS) Stock Fundamental Analysis

Europe - Euronext Amsterdam - AMS:FFARM - NL0011832811 - Common Stock

4.67 EUR
-0.01 (-0.21%)
Last: 1/9/2026, 7:00:00 PM
Fundamental Rating

6

Overall FFARM gets a fundamental rating of 6 out of 10. We evaluated FFARM against 63 industry peers in the Food Products industry. FFARM has only an average score on both its financial health and profitability. A decent growth rate in combination with a cheap valuation! Better keep an eye on FFARM. This makes FFARM very considerable for value investing!


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

FFARM had positive earnings in the past year.
In the past year FFARM had a positive cash flow from operations.
Of the past 5 years FFARM 4 years were profitable.
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

Looking at the Return On Assets, with a value of 4.82%, FFARM is in the better half of the industry, outperforming 68.33% of the companies in the same industry.
FFARM's Return On Equity of 15.46% is amongst the best of the industry. FFARM outperforms 85.00% of its industry peers.
With an excellent Return On Invested Capital value of 9.76%, FFARM belongs to the best of the industry, outperforming 85.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for FFARM is below the industry average of 6.78%.
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

FFARM has a Profit Margin (1.71%) which is in line with its industry peers.
In the last couple of years the Profit Margin of FFARM has grown nicely.
FFARM's Operating Margin of 2.48% is on the low side compared to the rest of the industry. FFARM is outperformed by 66.67% of its industry peers.
FFARM's Operating Margin has been stable in the last couple of years.
FFARM's Gross Margin of 18.91% is on the low side compared to the rest of the industry. FFARM is outperformed by 80.00% of its industry peers.
In the last couple of years the Gross Margin of FFARM has remained more or less at the same level.
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

6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FFARM is creating some value.
Compared to 1 year ago, FFARM has about the same amount of shares outstanding.
FFARM has less shares outstanding than it did 5 years ago.
FFARM has a worse debt/assets ratio than last year.
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 3.70. This indicates that FFARM is financially healthy and has little risk of bankruptcy at the moment.
FFARM has a better Altman-Z score (3.70) than 86.67% of its industry peers.
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.
The Debt to FCF ratio of FFARM (2.61) is better than 90.00% 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.
FFARM has a better Debt to Equity ratio (0.33) than 76.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 2.61
Altman-Z 3.7
ROIC/WACC1.48
WACC6.6%
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

FFARM has a Current Ratio of 1.10. This is a normal value and indicates that FFARM is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of FFARM (1.10) is worse than 63.33% of its industry peers.
A Quick Ratio of 0.81 indicates that FFARM may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.81, FFARM is in line with its industry, outperforming 46.67% of the companies in the same industry.
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

6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 170.80% over the past year.
Measured over the past years, FFARM shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.71% on average per year.
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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

9

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 8.49 indicates a reasonable valuation of FFARM.
Compared to the rest of the industry, the Price/Earnings ratio of FFARM indicates a rather cheap valuation: FFARM is cheaper than 91.67% of the companies listed in the same industry.
FFARM is valuated cheaply when we compare the Price/Earnings ratio to 27.19, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 8.10 indicates a reasonable valuation of FFARM.
Based on the Price/Forward Earnings ratio, FFARM is valued cheaper than 86.67% of the companies in the same industry.
FFARM is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.92, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 8.49
Fwd PE 8.1
FFARM.AS Price Earnings VS Forward Price EarningsFFARM.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

95.00% of the companies in the same industry are more expensive than FFARM, based on the Enterprise Value to EBITDA ratio.
FFARM's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FFARM is cheaper than 90.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.34
EV/EBITDA 3.95
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

FFARM's 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.
FFARM's earnings are expected to grow with 36.58% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.07
PEG (5Y)0.58
EPS Next 2Y51.7%
EPS Next 3Y36.58%

6

5. Dividend

5.1 Amount

FFARM has a Yearly Dividend Yield of 4.27%, which is a nice return.
Compared to an average industry Dividend Yield of 2.42, FFARM pays a better dividend. On top of this FFARM pays more dividend than 81.67% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 1.92, FFARM pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.27%

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

FORFARMERS NV

AMS:FFARM (1/9/2026, 7:00:00 PM)

4.67

-0.01 (-0.21%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)11-06 2025-11-06
Earnings (Next)02-19 2026-02-19/amc
Inst Owners3.65%
Inst Owner ChangeN/A
Ins Owners5.48%
Ins Owner ChangeN/A
Market Cap416.94M
Revenue(TTM)2.96B
Net Income(TTM)50.60M
Analysts86
Price Target6.07 (29.98%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.27%
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 8.49
Fwd PE 8.1
P/S 0.14
P/FCF 6.34
P/OCF 3.87
P/B 1.27
P/tB 1.96
EV/EBITDA 3.95
EPS(TTM)0.55
EY11.78%
EPS(NY)0.58
Fwd EY12.35%
FCF(TTM)0.74
FCFY15.78%
OCF(TTM)1.21
OCFY25.86%
SpS33.18
BVpS3.66
TBVpS2.39
PEG (NY)0.07
PEG (5Y)0.58
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 3.7
F-Score7
WACC6.6%
ROIC/WACC1.48
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 8.49 and the Price/Book (PB) ratio is 1.27.


Can you provide the dividend sustainability for FFARM stock?

The dividend rating of FORFARMERS NV (FFARM.AS) is 6 / 10 and the dividend payout ratio is 42.09%.