ASX:FFI

Stock Analysis Report

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Executive Summary

FFI Holdings Limited, a food processing company, engages in the processing, manufacture, packaging, and distribution of food products in Australia. More Details


Snowflake Analysis

Flawless balance sheet with proven track record.

Share Price & News

How has FFI Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FFI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-8.3%

FFI

-1.4%

AU Food

-0.3%

AU Market


1 Year Return

16.1%

FFI

-3.2%

AU Food

-6.9%

AU Market

Return vs Industry: FFI exceeded the Australian Food industry which returned -2.8% over the past year.

Return vs Market: FFI exceeded the Australian Market which returned -7% over the past year.


Shareholder returns

FFIIndustryMarket
7 Day-8.3%-1.4%-0.3%
30 Day-7.4%2.4%5.1%
90 Day10.7%3.3%4.2%
1 Year21.7%16.1%-0.6%-3.2%-3.5%-6.9%
3 Year56.3%35.0%-12.3%-19.0%18.1%3.0%
5 Year107.3%61.2%14.4%0.3%44.2%15.1%

Price Volatility Vs. Market

How volatile is FFI Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is FFI Holdings undervalued compared to its fair value and its price relative to the market?

16.9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FFI (A$5.4) is trading above our estimate of fair value (A$4.99)

Significantly Below Fair Value: FFI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FFI is good value based on its PE Ratio (16.9x) compared to the AU Food industry average (25.4x).

PE vs Market: FFI is good value based on its PE Ratio (16.9x) compared to the Australian market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FFI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FFI is overvalued based on its PB Ratio (1.5x) compared to the AU Food industry average (1.4x).


Next Steps

Future Growth

How is FFI Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

25.5%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as FFI Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has FFI Holdings performed over the past 5 years?

11.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FFI has high quality earnings.

Growing Profit Margin: FFI's current net profit margins (9.7%) are higher than last year (9.7%).


Past Earnings Growth Analysis

Earnings Trend: FFI's earnings have grown by 11% per year over the past 5 years.

Accelerating Growth: FFI's earnings growth over the past year (9.6%) is below its 5-year average (11% per year).

Earnings vs Industry: FFI earnings growth over the past year (9.6%) exceeded the Food industry -9.4%.


Return on Equity

High ROE: FFI's Return on Equity (9.1%) is considered low.


Next Steps

Financial Health

How is FFI Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: FFI's short term assets (A$14.7M) exceed its short term liabilities (A$6.7M).

Long Term Liabilities: FFI's short term assets (A$14.7M) exceed its long term liabilities (A$5.4M).


Debt to Equity History and Analysis

Debt Level: FFI is debt free.

Reducing Debt: FFI has no debt compared to 5 years ago when its debt to equity ratio was 10%.

Debt Coverage: FFI has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FFI has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is FFI Holdings's current dividend yield, its reliability and sustainability?

4.44%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FFI's dividend (4.44%) is higher than the bottom 25% of dividend payers in the Australian market (2.09%).

High Dividend: FFI's dividend (4.44%) is low compared to the top 25% of dividend payers in the Australian market (5.45%).


Stability and Growth of Payments

Stable Dividend: FFI's dividend payments have been volatile in the past 10 years.

Growing Dividend: FFI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (75.1%), FFI's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

30.8yrs

Average board tenure


CEO

Geoffrey Nicholson

1.25yrs

Tenure

AU$287,923

Compensation

Mr. Geoffrey Wayne Nicholson has been an Executive Director of FFI Holdings Limited since September 2, 1986 and served as its General Manager until June 30, 2019 Mr. Nicholson serves as Managing Director o ...


CEO Compensation Analysis

Compensation vs Market: Geoffrey's total compensation ($USD204.77K) is about average for companies of similar size in the Australian market ($USD277.57K).

Compensation vs Earnings: Geoffrey's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Rodney Moonen
Non-Executive Chairman & Company Secretary30.75yrsAU$100.00k23.41%
A$ 13.6m
Geoffrey Nicholson
MD & Executive Director1.25yrsAU$287.92k4.52%
A$ 2.6m
Robert Fraser
Independent Non-Executive Director9yrsAU$45.00k1.35%
A$ 782.8k

30.8yrs

Average Tenure

Experienced Board: FFI's board of directors are seasoned and experienced ( 30.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

FFI Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FFI Holdings Limited
  • Ticker: FFI
  • Exchange: ASX
  • Founded: 1979
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: AU$58.106m
  • Shares outstanding: 10.76m
  • Website: https://www.ffiholdings.com.au

Location

  • FFI Holdings Limited
  • 15 Monash Gate
  • Jandakot
  • Western Australia
  • 6164
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FFIASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
FFICHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992

Biography

FFI Holdings Limited, a food processing company, engages in the processing, manufacture, packaging, and distribution of food products in Australia. The company operates through Bakery and Investment Proper ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/24 10:36
End of Day Share Price2020/10/22 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.