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FORFARMERS NV (FFARM.AS) Stock Fundamental Analysis

Europe - AMS:FFARM - NL0011832811 - Common Stock

4.29 EUR
-0.01 (-0.23%)
Last: 9/12/2025, 7:00:00 PM
Fundamental Rating

6

Overall FFARM gets a fundamental rating of 6 out of 10. We evaluated FFARM against 59 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 could make FFARM a good candidate for value investing.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

In the past year FFARM was profitable.
In the past year FFARM had a positive cash flow from operations.
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 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 66.10% of its industry peers.
With a decent Return On Equity value of 15.59%, FFARM is doing good in the industry, outperforming 79.66% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 9.72%, FFARM belongs to the top of the industry, outperforming 81.36% 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 7.03%.
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: 62.71% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of FFARM has grown nicely.
FFARM's Operating Margin of 2.47% is on the low side compared to the rest of the industry. FFARM is outperformed by 67.80% 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 81.36% of its industry peers.
FFARM's Gross Margin has been stable in the last couple of years.
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 3.68 indicates that FFARM is not in any danger for bankruptcy at the moment.
FFARM has a Altman-Z score of 3.68. This is amongst the best in the industry. FFARM outperforms 88.14% 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.
The Debt to FCF ratio of FFARM (2.61) is better than 86.44% 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 Debt to Equity ratio of 0.33. This is in the better half of the industry: FFARM outperforms 79.66% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 2.61
Altman-Z 3.68
ROIC/WACC1.49
WACC6.52%
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 62.71% of its industry peers.
A Quick Ratio of 0.81 indicates that FFARM may have some problems paying its short term obligations.
FFARM has a Quick ratio of 0.81. This is comparable to the rest of the industry: FFARM outperforms 47.46% 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 2015 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 171.25% over the past year.
The Earnings Per Share has been growing by 14.71% on average over the past years. This is quite good.
The Revenue has grown by 8.76% in the past year. This is quite good.
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

The Earnings Per Share is expected to grow by 29.63% on average over the next years. This is a very strong growth
FFARM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.25% yearly.
EPS Next Y105.48%
EPS Next 2Y47.58%
EPS Next 3Y29.63%
EPS Next 5YN/A
Revenue Next Year12.58%
Revenue Next 2Y7.12%
Revenue Next 3Y5.25%
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 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

9

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 7.80, which indicates a rather cheap valuation of FFARM.
Based on the Price/Earnings ratio, FFARM is valued cheaply inside the industry as 88.14% of the companies are valued more expensively.
FFARM is valuated cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 7.86, the valuation of FFARM can be described as very cheap.
86.44% 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 22.73, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 7.8
Fwd PE 7.86
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

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FFARM indicates a rather cheap valuation: FFARM is cheaper than 93.22% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FFARM indicates a rather cheap valuation: FFARM is cheaper than 86.44% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 5.82
EV/EBITDA 3.68
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.
FFARM's earnings are expected to grow with 29.63% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.07
PEG (5Y)0.53
EPS Next 2Y47.58%
EPS Next 3Y29.63%

6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.42%, FFARM is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.25, FFARM pays a better dividend. On top of this FFARM pays more dividend than 83.05% 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 2.45.
Industry RankSector Rank
Dividend Yield 4.42%

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 41.76% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP41.76%
EPS Next 2Y47.58%
EPS Next 3Y29.63%
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 (9/12/2025, 7:00:00 PM)

4.29

-0.01 (-0.23%)

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 Owners3.07%
Inst Owner ChangeN/A
Ins Owners5.48%
Ins Owner ChangeN/A
Market Cap383.01M
Analysts86
Price Target4.81 (12.12%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.42%
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)9.27%
PT rev (3m)9.27%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)20.48%
EPS NY rev (3m)20.48%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)5.22%
Revenue NY rev (3m)5.22%
Valuation
Industry RankSector Rank
PE 7.8
Fwd PE 7.86
P/S 0.13
P/FCF 5.82
P/OCF 3.53
P/B 1.17
P/tB 1.8
EV/EBITDA 3.68
EPS(TTM)0.55
EY12.82%
EPS(NY)0.55
Fwd EY12.72%
FCF(TTM)0.74
FCFY17.18%
OCF(TTM)1.22
OCFY28.33%
SpS33.18
BVpS3.66
TBVpS2.39
PEG (NY)0.07
PEG (5Y)0.53
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%
ROICexcg growth 3Y23.14%
ROICexcg 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 3.68
F-Score7
WACC6.52%
ROIC/WACC1.49
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 Y105.48%
EPS Next 2Y47.58%
EPS Next 3Y29.63%
EPS Next 5YN/A
Revenue 1Y (TTM)8.76%
Revenue growth 3Y0.93%
Revenue growth 5Y2.2%
Sales Q2Q%15.97%
Revenue Next Year12.58%
Revenue Next 2Y7.12%
Revenue Next 3Y5.25%
Revenue Next 5YN/A
EBIT growth 1Y85.53%
EBIT growth 3Y24.06%
EBIT growth 5Y0.93%
EBIT Next Year188.1%
EBIT Next 3Y50.85%
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%