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FORFARMERS NV (FFARM.AS) Stock Fundamental Analysis

Europe - AMS:FFARM - NL0011832811 - Common Stock

4.245 EUR
-0.02 (-0.59%)
Last: 11/4/2025, 5:29:19 PM
Fundamental Rating

7

Taking everything into account, FFARM scores 7 out of 10 in our fundamental rating. FFARM was compared to 58 industry peers in the Food Products industry. FFARM has an average financial health and profitability rating. A decent growth rate in combination with a cheap valuation! Better keep an eye on FFARM. 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.
FFARM had a positive operating cash flow in each of the past 5 years.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M 100M

1.2 Ratios

FFARM has a better Return On Assets (4.86%) than 67.24% of its industry peers.
Looking at the Return On Equity, with a value of 15.59%, FFARM belongs to the top of the industry, outperforming 81.03% of the companies in the same industry.
FFARM's Return On Invested Capital of 9.72% is amongst the best of the industry. FFARM outperforms 81.03% 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 7.46%.
The last Return On Invested Capital (9.72%) for FFARM is above the 3 year average (4.52%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.86%
ROE 15.59%
ROIC 9.72%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10

1.3 Margins

With a Profit Margin value of 1.72%, FFARM is not doing good in the industry: 63.79% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of FFARM has grown nicely.
With a Operating Margin value of 2.47%, FFARM is not doing good in the industry: 72.41% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of FFARM has remained more or less at the same level.
FFARM has a worse Gross Margin (18.91%) than 82.76% 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 2.47%
PM (TTM) 1.72%
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 2015 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.
FFARM has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for FFARM has been reduced compared to 5 years ago.
FFARM has a worse debt/assets ratio than last year.
FFARM.AS Yearly Shares OutstandingFFARM.AS Yearly Shares OutstandingYearly Shares Outstanding 2015 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

An Altman-Z score of 3.67 indicates that FFARM is not in any danger for bankruptcy at the moment.
FFARM has a better Altman-Z score (3.67) than 87.93% of its industry peers.
FFARM has a debt to FCF ratio of 2.61. This is a good value and a sign of high solvency as FFARM would need 2.61 years to pay back of all of its debts.
FFARM has a better Debt to FCF ratio (2.61) than 89.66% 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.
With a decent Debt to Equity ratio value of 0.33, FFARM is doing good in the industry, outperforming 77.59% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 2.61
Altman-Z 3.67
ROIC/WACC1.47
WACC6.61%
FFARM.AS Yearly LT Debt VS Equity VS FCFFFARM.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 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.
FFARM has a worse Current ratio (1.10) than 62.07% 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 48.28% 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

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 171.25%, 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.
Measured over the past years, FFARM shows a small growth in Revenue. The Revenue has been growing by 2.20% on average per year.
EPS 1Y (TTM)171.25%
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 32.03% on average per year.
The Revenue is expected to grow by 5.13% on average over the next years.
EPS Next Y117.81%
EPS Next 2Y51.7%
EPS Next 3Y32.03%
EPS Next 5YN/A
Revenue Next Year16.61%
Revenue Next 2Y6.93%
Revenue Next 3Y5.13%
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 2014 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

10

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 7.72, the valuation of FFARM can be described as very cheap.
Based on the Price/Earnings ratio, FFARM is valued cheaply inside the industry as 86.21% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.03. FFARM is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 7.36 indicates a rather cheap valuation of FFARM.
89.66% of the companies in the same industry are more expensive than FFARM, based on the Price/Forward Earnings ratio.
FFARM is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.27, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 7.72
Fwd PE 7.36
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

FFARM's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FFARM is cheaper than 89.66% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, FFARM is valued cheaper than 91.38% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.76
EV/EBITDA 3.66
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.
A more expensive valuation may be justified as FFARM's earnings are expected to grow with 32.03% in the coming years.
PEG (NY)0.07
PEG (5Y)0.52
EPS Next 2Y51.7%
EPS Next 3Y32.03%

6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.75%, FFARM is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.52, FFARM pays a better dividend. On top of this FFARM pays more dividend than 81.03% of the companies listed in the same industry.
FFARM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
Industry RankSector Rank
Dividend Yield 4.75%

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

41.76% of the earnings are spent on dividend by FFARM. This is a bit on the high side, but may be sustainable.
DP41.76%
EPS Next 2Y51.7%
EPS Next 3Y32.03%
FFARM.AS Yearly Income VS Free CF VS DividendFFARM.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 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 (11/4/2025, 5:29:19 PM)

4.245

-0.02 (-0.59%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)08-07 2025-08-07
Earnings (Next)11-06 2025-11-06
Inst Owners3.42%
Inst Owner ChangeN/A
Ins Owners5.48%
Ins Owner ChangeN/A
Market Cap378.99M
Revenue(TTM)2.96B
Net Income(TTM)51.00M
Analysts86
Price Target5.94 (39.93%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.75%
Yearly Dividend0.15
Dividend Growth(5Y)-12.97%
DP41.76%
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)10.43%
PT rev (3m)34.94%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)27.71%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)8.99%
Valuation
Industry RankSector Rank
PE 7.72
Fwd PE 7.36
P/S 0.13
P/FCF 5.76
P/OCF 3.49
P/B 1.16
P/tB 1.78
EV/EBITDA 3.66
EPS(TTM)0.55
EY12.96%
EPS(NY)0.58
Fwd EY13.59%
FCF(TTM)0.74
FCFY17.36%
OCF(TTM)1.22
OCFY28.63%
SpS33.18
BVpS3.66
TBVpS2.39
PEG (NY)0.07
PEG (5Y)0.52
Graham Number6.73
Profitability
Industry RankSector Rank
ROA 4.86%
ROE 15.59%
ROCE 12.33%
ROIC 9.72%
ROICexc 10.81%
ROICexgc 13.66%
OM 2.47%
PM (TTM) 1.72%
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 74.39%
Cap/Sales 1.44%
Interest Coverage 11.42
Cash Conversion 83.14%
Profit Quality 129.02%
Current Ratio 1.1
Quick Ratio 0.81
Altman-Z 3.67
F-Score7
WACC6.61%
ROIC/WACC1.47
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)171.25%
EPS 3Y40.88%
EPS 5Y14.71%
EPS Q2Q%440%
EPS Next Y117.81%
EPS Next 2Y51.7%
EPS Next 3Y32.03%
EPS Next 5YN/A
Revenue 1Y (TTM)8.76%
Revenue growth 3Y0.93%
Revenue growth 5Y2.2%
Sales Q2Q%15.97%
Revenue Next Year16.61%
Revenue Next 2Y6.93%
Revenue Next 3Y5.13%
Revenue Next 5YN/A
EBIT growth 1Y85.53%
EBIT growth 3Y24.06%
EBIT growth 5Y0.93%
EBIT Next Year198.79%
EBIT Next 3Y47.18%
EBIT Next 5YN/A
FCF growth 1Y54%
FCF growth 3Y40.78%
FCF growth 5Y-6.65%
OCF growth 1Y39.25%
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 7 / 10 to FFARM.AS.


What is the valuation status for FFARM stock?

ChartMill assigns a valuation rating of 10 / 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.


How financially healthy is FORFARMERS NV?

The financial health rating of FORFARMERS NV (FFARM.AS) is 6 / 10.


Is the dividend of FORFARMERS NV sustainable?

The dividend rating of FORFARMERS NV (FFARM.AS) is 6 / 10 and the dividend payout ratio is 41.76%.