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FRM

Farm Pride FoodsASX:FRM Stock Report

Market Cap

AU$17.7m

7D

0%

1Y

60.0%

Updated

20 Oct, 2021

Data

Company Financials
FRM fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends0/6

FRM Overview

Farm Pride Foods Limited engages in grading, packaging, marketing, and distribution of eggs and egg products in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Farm Pride Foods
Historical stock prices
Current Share PriceAU$0.32
52 Week HighAU$0.18
52 Week LowAU$0.50
Beta0.68
1 Month Change1.59%
3 Month Change-21.95%
1 Year Change60.00%
3 Year Change-63.01%
5 Year Change-81.18%
Change since IPO-52.24%

Recent News & Updates

Jun 13
Is Farm Pride Foods (ASX:FRM) A Risky Investment?

Is Farm Pride Foods (ASX:FRM) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Feb 27
Is Farm Pride Foods (ASX:FRM) Using Debt Sensibly?

Is Farm Pride Foods (ASX:FRM) Using Debt Sensibly?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

FRMAU FoodAU Market
7D0%-1.8%1.7%
1Y60.0%0.7%20.2%

Return vs Industry: FRM exceeded the Australian Food industry which returned 0.7% over the past year.

Return vs Market: FRM exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is FRM's price volatile compared to industry and market?
FRM volatility
FRM Beta0.68
Industry Beta0.55
Market Beta1

Stable Share Price: FRM is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: FRM's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1937n/aDaryl Birdhttps://www.farmpride.com.au

Farm Pride Foods Limited engages in grading, packaging, marketing, and distribution of eggs and egg products in Australia. The company offers free range, barn laid, and farm fresh eggs. It also provides egg products, such as whole eggs, egg white, egg yolk, scrambled eggs, peeled boiled eggs, fried eggs, and omelettes, as well as egg cartons.

Farm Pride Foods Fundamentals Summary

How do Farm Pride Foods's earnings and revenue compare to its market cap?
FRM fundamental statistics
Market CapAU$17.66m
Earnings (TTM)-AU$11.97m
Revenue (TTM)AU$73.32m

0.2x

P/S Ratio

-1.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FRM income statement (TTM)
RevenueAU$73.32m
Cost of RevenueAU$54.01m
Gross ProfitAU$19.31m
ExpensesAU$31.28m
Earnings-AU$11.97m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.22
Gross Margin26.34%
Net Profit Margin-16.33%
Debt/Equity Ratio64.2%

How did FRM perform over the long term?

See historical performance and comparison

Valuation

Is Farm Pride Foods undervalued compared to its fair value and its price relative to the market?

0.61x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FRM's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FRM's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FRM is unprofitable, so we can't compare its PE Ratio to the Australian Food industry average.

PE vs Market: FRM is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FRM is good value based on its PB Ratio (0.6x) compared to the AU Food industry average (1.6x).


Future Growth

How is Farm Pride Foods forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.6%

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 Farm Pride Foods 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.


Past Performance

How has Farm Pride Foods performed over the past 5 years?

-71.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FRM is currently unprofitable.

Growing Profit Margin: FRM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FRM is unprofitable, and losses have increased over the past 5 years at a rate of 71.6% per year.

Accelerating Growth: Unable to compare FRM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FRM is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (45.2%).


Return on Equity

High ROE: FRM has a negative Return on Equity (-41.07%), as it is currently unprofitable.


Financial Health

How is Farm Pride Foods's financial position?


Financial Position Analysis

Short Term Liabilities: FRM's short term assets (A$23.2M) exceed its short term liabilities (A$16.5M).

Long Term Liabilities: FRM's short term assets (A$23.2M) do not cover its long term liabilities (A$26.4M).


Debt to Equity History and Analysis

Debt Level: FRM's debt to equity ratio (64.2%) is considered high.

Reducing Debt: FRM's debt to equity ratio has increased from 0% to 64.2% over the past 5 years.

Debt Coverage: FRM's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if FRM's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Farm Pride Foods's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FRM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FRM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FRM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FRM's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FRM's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Daryl Bird

2.83yrs

Tenure

AU$368,966

Compensation

Mr. Daryl Bird has been Chief Operating Officer at Farm Pride Foods Ltd. since October 08, 2018 and serves as its Chief Executive Officer since December 1, 2018. He is a seasoned Managing Director/Chief Ex...


CEO Compensation Analysis

Compensation vs Market: Daryl's total compensation ($USD275.86K) is about average for companies of similar size in the Australian market ($USD302.06K).

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


Leadership Team

Experienced Management: FRM's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: FRM's board of directors are considered experienced (7.5 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

Farm Pride Foods Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Farm Pride Foods Limited
  • Ticker: FRM
  • Exchange: ASX
  • Founded: 1937
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: AU$17.658m
  • Shares outstanding: 55.18m
  • Website: https://www.farmpride.com.au

Location

  • Farm Pride Foods Limited
  • 551 Chandler Road
  • Keysborough
  • Victoria
  • 3173
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 15:17
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.