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Freedom Foods Group

ASX:FNP
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FNP
ASX
A$1B
Market Cap
  1. Home
  2. AU
  3. Food, Beverage & Tobacco
Company description

Freedom Foods Group Limited engages in sourcing, manufacturing, marketing, distributing, and selling plant and dairy based beverages in Australia, New Zealand, China, South East Asia, and North America. The last earnings update was 18 days ago. More info.


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FNP Share Price and Events
7 Day Returns
-4.7%
ASX:FNP
-0.7%
AU Food
-0.4%
AU Market
1 Year Returns
-5.3%
ASX:FNP
-14.2%
AU Food
2.1%
AU Market
FNP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Freedom Foods Group (FNP) -4.7% -10% 0% -5.3% 22.5% 64.8%
AU Food -0.7% 0.4% -5.3% -14.2% 5.9% 12%
AU Market -0.4% 1.4% 8.5% 2.1% 18% 5.2%
1 Year Return vs Industry and Market
  • FNP outperformed the Food industry which returned -14.2% over the past year.
  • FNP underperformed the Market in Australia which returned 2.1% over the past year.
Price Volatility
FNP
Industry
5yr Volatility vs Market

FNP Value

 Is Freedom Foods Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Freedom Foods Group. This is due to cash flow or dividend data being unavailable. The share price is A$4.68.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Freedom Foods Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Freedom Foods Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:FNP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.06
ASX:FNP Share Price ** ASX (2019-03-18) in AUD A$4.68
Australia Food Industry PE Ratio Median Figure of 19 Publicly-Listed Food Companies 19.9x
Australia Market PE Ratio Median Figure of 543 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Freedom Foods Group.

ASX:FNP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:FNP Share Price ÷ EPS (both in AUD)

= 4.68 ÷ 0.06

81.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Freedom Foods Group is overvalued based on earnings compared to the AU Food industry average.
  • Freedom Foods Group is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Freedom Foods Group's expected growth come at a high price?
Raw Data
ASX:FNP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 81.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
63.1%per year
Australia Food Industry PEG Ratio Median Figure of 13 Publicly-Listed Food Companies 1.61x
Australia Market PEG Ratio Median Figure of 362 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

ASX:FNP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 81.45x ÷ 63.1%

1.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Freedom Foods Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Freedom Foods Group's assets?
Raw Data
ASX:FNP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$2.17
ASX:FNP Share Price * ASX (2019-03-18) in AUD A$4.68
Australia Food Industry PB Ratio Median Figure of 41 Publicly-Listed Food Companies 1.28x
Australia Market PB Ratio Median Figure of 1,670 Publicly-Listed Companies 1.67x
ASX:FNP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:FNP Share Price ÷ Book Value per Share (both in AUD)

= 4.68 ÷ 2.17

2.15x

* Primary Listing of Freedom Foods Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Freedom Foods Group is overvalued based on assets compared to the AU Food industry average.
X
Value checks
We assess Freedom Foods Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. Freedom Foods Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FNP Future Performance

 How is Freedom Foods Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
63.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Freedom Foods Group expected to grow at an attractive rate?
  • Freedom Foods Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Freedom Foods Group's earnings growth is expected to exceed the Australia market average.
  • Freedom Foods Group's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:FNP Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:FNP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 63.1%
ASX:FNP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 16.2%
Australia Food Industry Earnings Growth Rate Market Cap Weighted Average 24.4%
Australia Food Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.4%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:FNP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:FNP Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 874 1
2022-06-30 805 1
2021-06-30 774 45 71 2
2020-06-30 637 30 47 2
2019-06-30 485 22 20 2
ASX:FNP Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 402 -19 13
2018-09-30 378 2 13
2018-06-30 353 24 13
2018-03-31 326 22 9
2017-12-31 298 19 6
2017-09-30 280 12 7
2017-06-30 262 5 7
2017-03-31 251 11 19
2016-12-31 240 17 32
2016-09-30 205 12 41
2016-06-30 170 7 50
2016-03-31 136 6 38

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Freedom Foods Group's earnings are expected to grow significantly at over 20% yearly.
  • Freedom Foods Group's revenue is expected to grow by 16.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:FNP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Freedom Foods Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:FNP Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 0.29 0.29 0.29 1.00
2020-06-30 0.19 0.19 0.19 1.00
2019-06-30 0.08 0.08 0.08 1.00
ASX:FNP Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.06
2018-09-30 0.06
2018-06-30 0.06
2018-03-31 0.05
2017-12-31 0.03
2017-09-30 0.03
2017-06-30 0.04
2017-03-31 0.10
2016-12-31 0.17
2016-09-30 0.23
2016-06-30 0.30
2016-03-31 0.23

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Freedom Foods Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Freedom Foods Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Freedom Foods Group has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FNP Past Performance

  How has Freedom Foods Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Freedom Foods Group's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Freedom Foods Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Freedom Foods Group's 1-year earnings growth exceeds its 5-year average (126.7% vs -18.7%)
  • Freedom Foods Group's earnings growth has exceeded the AU Food industry average in the past year (126.7% vs -9.4%).
Earnings and Revenue History
Freedom Foods Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Freedom Foods Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:FNP Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 402.47 13.49 67.25
2018-09-30 377.73 13.10 60.93
2018-06-30 352.99 12.72 54.60
2018-03-31 325.59 9.33 49.19
2017-12-31 298.19 5.95 43.78
2017-09-30 280.34 6.70 41.82
2017-06-30 262.48 7.45 39.85
2017-03-31 251.33 19.49 38.75
2016-12-31 240.18 31.52 37.65
2016-09-30 205.31 41.01 34.20
2016-06-30 170.44 50.49 30.74
2016-03-31 135.65 37.68 26.96
2015-12-31 100.85 24.86 23.18
2015-09-30 96.16 40.75 22.35
2015-06-30 91.46 56.63 21.53
2015-03-31 90.13 59.97 20.84
2014-12-31 88.81 63.32 20.16
2014-09-30 88.33 37.73 19.89
2014-06-30 87.86 12.13 19.62
2014-03-31 89.27 9.89 19.15
2013-12-31 90.68 7.65 18.68
2013-09-30 89.80 10.68 18.17
2013-06-30 88.92 13.72 17.66
2013-03-31 82.48 12.59 16.60
2012-12-31 76.03 11.45 15.54
2012-09-30 67.08 7.23 14.19
2012-06-30 58.14 3.01 12.84
2012-03-31 52.02 2.82 11.91

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Freedom Foods Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Freedom Foods Group used its assets less efficiently than the AU Food industry average last year based on Return on Assets.
  • Freedom Foods Group's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Freedom Foods Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Freedom Foods Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FNP Health

 How is Freedom Foods Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Freedom Foods Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Freedom Foods Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Freedom Foods Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Freedom Foods Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Freedom Foods Group Company Filings, last reported 2 months ago.

ASX:FNP Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 532.28 173.75 9.68
2018-09-30 532.28 173.75 9.68
2018-06-30 529.90 135.75 98.11
2018-03-31 529.90 135.75 98.11
2017-12-31 323.63 141.23 3.57
2017-09-30 323.63 141.23 3.57
2017-06-30 321.44 185.20 4.18
2017-03-31 321.44 185.20 4.18
2016-12-31 352.72 105.15 72.72
2016-09-30 352.72 105.15 72.72
2016-06-30 287.13 103.83 63.91
2016-03-31 287.13 103.83 63.91
2015-12-31 267.33 77.03 109.36
2015-09-30 267.33 77.03 109.36
2015-06-30 185.93 52.92 2.33
2015-03-31 185.93 52.92 2.33
2014-12-31 176.92 26.46 1.09
2014-09-30 176.92 26.46 1.09
2014-06-30 122.23 9.83 4.87
2014-03-31 122.23 9.83 4.87
2013-12-31 115.21 10.41 7.50
2013-09-30 115.21 10.41 7.50
2013-06-30 82.40 22.35 14.11
2013-03-31 82.40 22.35 14.11
2012-12-31 62.82 30.95 13.36
2012-09-30 62.82 30.95 13.36
2012-06-30 47.27 39.46 0.77
2012-03-31 47.27 39.46 0.77
  • Freedom Foods Group's level of debt (32.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (9% vs 32.6% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 3.2x coverage).
X
Financial health checks
We assess Freedom Foods Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Freedom Foods Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FNP Dividends

 What is Freedom Foods Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.18%
Current annual income from Freedom Foods Group dividends. Estimated to be 1.58% next year.
If you bought A$2,000 of Freedom Foods Group shares you are expected to receive A$24 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Freedom Foods Group's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.58%).
  • Freedom Foods Group's dividend is below the markets top 25% of dividend payers in Australia (5.76%).
Upcoming dividend payment

Purchase Freedom Foods Group on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:FNP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Australia Food Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 2.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 418 Stocks 4.4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.7%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:FNP Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.09 1.00
2022-06-30 0.08 1.00
2021-06-30 0.09 3.00
2020-06-30 0.07 3.00
2019-06-30 0.05 3.00
ASX:FNP Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2018-08-30 0.055 1.044
2018-02-27 0.045 0.780
2017-08-31 0.043 0.896
2016-08-31 0.045 1.024
2016-03-10 0.035 0.880
2015-09-30 0.030 0.898
2015-08-31 0.030 0.987
2015-02-27 0.030 0.988
2014-09-26 0.030 0.953
2014-08-29 0.030 0.986
2014-02-27 0.030 1.038
2013-09-30 0.020 0.715
2013-08-29 0.020 0.834
2013-02-28 0.020 1.320
2012-10-01 0.010 1.225
2012-08-31 0.010 1.399
2012-02-29 0.000 0.000
2011-10-05 0.010 2.343
2011-09-02 0.010 3.082
2011-02-24 0.010 3.317
2010-02-25 0.000 0.000
2009-09-25 0.000 0.000
2009-09-03 0.000 0.000
2009-03-25 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Freedom Foods Group is not paying a notable dividend for Australia, therefore no need to check if the payments are stable.
  • Freedom Foods Group is not paying a notable dividend for Australia, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Freedom Foods Group's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Freedom Foods Group's dividends as it is not paying a notable one for Australia.
Future Payout to shareholders
  • No need to calculate the sustainability of Freedom Foods Group's dividends in 3 years as they are not expected to pay a notable one for Australia.
X
Income/ dividend checks
We assess Freedom Foods Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Freedom Foods Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Freedom Foods Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FNP Management

 What is the CEO of Freedom Foods Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rory J. Macleod
COMPENSATION A$798,119
AGE 50
TENURE AS CEO 6.6 years
CEO Bio

Mr. Rory J. F. Macleod, B.Econ (Hons) has been the Chief Executive Officer and Managing Director of Freedom Foods Group Limited since August 2012 and served as its Secretary since October 2010 Chief Financial Officer. Mr. Macleod has been with the Freedom Foods Group Limited for the past 15 years with direct responsibility for and involvement in its strategic, operational and financial development during this time. Since joining Freedom Nutritional, Mr. Macleod has been responsible for strategic and corporate development. Prior to his corporate finance background, Mr. Macleod was an Equities Research Analyst with SBC Warburg (now UBS). He served as Strategic Development Director at Freedom Foods Group Limited (also known as So Natural Foods Australia Ltd). Mr. Macleod served as Senior Director of Corporate Finance of UBS in Australasia and Europe where he gained extensive experience in strategy and commercial development, mergers and acquisitions and corporate analysis. Mr. Macleod serves as Non-Executive Chairman of Australian Fresh Milk Holdings Pty Limited (AFMH) and its subsidiaries. He has been an Executive Director of Freedom Foods Group Limited since May 2008 and for its operating subsidiaries. Mr. Macleod holds B.Ec (Hons).

CEO Compensation
  • Rory J.'s compensation has been consistent with company performance over the past year.
  • Rory J.'s remuneration is lower than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Freedom Foods Group management team in years:

6.6
Average Tenure
  • The average tenure for the Freedom Foods Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Rory J. Macleod

TITLE
MD, CEO & Executive Director
COMPENSATION
A$798K
AGE
50
TENURE
6.6 yrs

Campbell Nicholas

TITLE
CFO & Company Secretary
COMPENSATION
A$391K
TENURE
2.5 yrs

Tim Moses

TITLE
Chief Operations Officer
COMPENSATION
A$425K

Amine Haddad

TITLE
Chief Executive Officer of Commercial Operations - Australasia
COMPENSATION
A$596K

Amber Stanley

TITLE
Group General Counsel

Peter Brown

TITLE
General Manager Sales Foodservice & Convenience of Freedom Brands
COMPENSATION
A$189K
TENURE
9.6 yrs

Mark Gauci

TITLE
Operations Manager of Pactum Australia
COMPENSATION
A$188K
Board of Directors Tenure

Average tenure and age of the Freedom Foods Group board of directors in years:

10.8
Average Tenure
66
Average Age
  • The average tenure for the Freedom Foods Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Perry Gunner

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$138K
AGE
71
TENURE
12.7 yrs

Rory J. Macleod

TITLE
MD, CEO & Executive Director
COMPENSATION
A$798K
AGE
50
TENURE
10.8 yrs

Tony Perich

TITLE
Deputy Chairman
COMPENSATION
A$128K
AGE
77

Trevor Allen

TITLE
Independent Non-Executive Director
COMPENSATION
A$118K
AGE
61
TENURE
5.7 yrs

Ron Perich

TITLE
Non-Executive Director
COMPENSATION
A$118K
AGE
75
TENURE
13.9 yrs

Michael Perich

TITLE
Alternate Non-Executive Director
COMPENSATION
A$34K
AGE
43
TENURE
10 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
22. Oct 18 Buy Leppington Pastoral Co Pty Ltd Company 17. Oct 18 17. Oct 18 169,258 A$5.55 A$939,382
17. Oct 18 Buy Leppington Pastoral Co Pty Ltd Company 11. Oct 18 16. Oct 18 1,810,007 A$5.57 A$10,067,458
17. Sep 18 Sell Rory J. Macleod Individual 11. Sep 18 11. Sep 18 -300,000 A$6.75 A$-2,025,000
19. Apr 18 Buy Rory J. Macleod Individual 12. Apr 18 12. Apr 18 169,614 A$4.80 A$814,147
19. Apr 18 Buy Trevor Allen Individual 12. Apr 18 12. Apr 18 11,096 A$4.80 A$53,261
19. Apr 18 Buy Perry Gunner Individual 12. Apr 18 12. Apr 18 105,607 A$4.80 A$506,914
X
Management checks
We assess Freedom Foods Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Freedom Foods Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FNP News

Simply Wall St News

What Investors Should Know About Freedom Foods Group Limited's (ASX:FNP) Financial Strength

Investors are always looking for growth in small-cap stocks like Freedom Foods Group Limited (ASX:FNP), with a market cap of AU$1.2b. … However, an important fact which most ignore is: how financially healthy is the business? … The following basic checks can help you get a picture of the company's balance sheet strength.

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The Freedom Foods Group Share Price Is Up 62% And Shareholders Are Holding On

The Freedom Foods Group Limited (ASX:FNP) share price has had a bad week, falling 11%. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During five years of share price growth, Freedom Foods Group actually saw its EPS drop 16% per year.

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How Should Investors React To Freedom Foods Group Limited's (ASX:FNP) CEO Pay?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … View our latest analysis for Freedom Foods Group. … Macleod's Compensation Compare With Similar Sized Companies?

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Why Freedom Foods Group Limited's (ASX:FNP) High P/E Ratio Isn't Necessarily A Bad Thing

To keep it practical, we'll show how Freedom Foods Group Limited's (ASX:FNP) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Freedom Foods Group's P/E ratio is 84.58. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

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How Much Are Freedom Foods Group Limited (ASX:FNP) Insiders Taking Off The Table?

Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … So shareholders might well want to know whether insiders have been buying or selling shares in Freedom Foods Group Limited (ASX:FNP). … The Last 12 Months Of Insider Transactions At Freedom Foods Group.

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Is Freedom Foods Group Limited's (ASX:FNP) Balance Sheet A Threat To Its Future?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … Here are few basic financial health checks you should consider before taking the plunge.

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Something To Consider Before Buying Freedom Foods Group Limited (ASX:FNP) For The 1.2% Dividend

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, Freedom Foods Group Limited (ASX:FNP) has been paying a dividend to shareholders. … Check out our latest analysis for Freedom Foods Group

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Is Freedom Foods Group Limited's (ASX:FNP) ROE Of 2.4% Concerning?

To keep the lesson grounded in practicality, we'll use ROE to better understand Freedom Foods Group Limited (ASX:FNP). … Our data shows Freedom Foods Group has a return on equity of 2.4% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

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What Should You Know About Freedom Foods Group Limited's (ASX:FNP) Capital Returns?

and want a simplistic look at the return on Freedom Foods Group Limited (ASX:FNP) stock. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in Freedom Foods Group, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

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Is Freedom Foods Group Limited's (ASX:FNP) CEO Paid Enough Relative To Peers?

First, this article will compare CEO compensation with compensation at similar sized companies. … Macleod's Compensation Compare With Similar Sized Companies. … Our data indicates that Freedom Foods Group Limited is worth AU$1.4b, and total annual CEO compensation is AU$798k.

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FNP Company Info

Description

Freedom Foods Group Limited engages in sourcing, manufacturing, marketing, distributing, and selling plant and dairy based beverages in Australia, New Zealand, China, South East Asia, and North America. It operates through five segments: Cereal & Snacking, Plant Based Beverages, Dairy Beverages, Speciality Seafood, and Nutritionals. The company offers gluten free, wheat free, nut free, nutritional oat based, low sugar or salt, and highly fortified or functional products, including breakfast cereals, snack bars, and other related products. It also provides UHT food and beverage products, such as liquid stocks, soy, rice, almond, and dairy milk beverages; canned seafood comprising sardines, salmon, and specialty seafood; and adult nutritional products that include powders, bars, and drinks, as well as invests in dairy farming operations. The company has a strategic partnership with Theland New Cloud Digimart Co (Theland) for the development of the Arnold’s Farm range of cereals and snacks in China. The company was founded in 1986 and is headquartered in Taren Point, Australia. Freedom Foods Group Limited is a subsidiary of Arrovest Pty Limited.

Details
Name: Freedom Foods Group Limited
FNP
Exchange: ASX
Founded: 1986
A$1,199,879,905
244,873,450
Website: http://ffgl.com.au
Address: Freedom Foods Group Limited
80 Box Road,
Taren Point,
New South Wales, 2229,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX FNP Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
OTCPK FRDZ.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
CHIA FNP Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
Freedom Foods Group employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 10:32
End of day share price update: 2019/03/18 00:00
Last estimates confirmation: 2019/03/10
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.