BST:F3N

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

FNG NV designs and distributes clothing and shoes for women, children, and men in Belgium, the Netherlands, and internationally.


Snowflake Analysis

Fair value with acceptable track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: F3N's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

F3N

10.3%

DE Luxury

2.7%

DE Market


1 Year Return

-85.5%

F3N

-2.2%

DE Luxury

10.3%

DE Market

Return vs Industry: F3N underperformed the German Luxury industry which returned -4.8% over the past year.

Return vs Market: F3N underperformed the German Market which returned 8.8% over the past year.


Shareholder returns

F3NIndustryMarket
7 Day0%10.3%2.7%
30 Day0%9.5%1.9%
90 Day-28.6%29.4%17.0%
1 Year-85.5%-85.5%-2.2%-2.2%12.8%10.3%
3 Yearn/a34.8%30.2%7.1%-1.4%
5 Yearn/a191.0%164.0%18.2%2.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

3.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: F3N (€2.5) is trading above our estimate of fair value (€1.5)

Significantly Below Fair Value: F3N is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: F3N is good value based on its PE Ratio (3x) compared to the DE Luxury industry average (20.1x).

PE vs Market: F3N is good value based on its PE Ratio (3x) compared to the German market (21.6x).


Price to Earnings Growth Ratio

PEG Ratio: F3N's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: F3N is good value based on its PB Ratio (0.1x) compared to the DE Luxury industry average (1.8x).


Next Steps

Future Growth

How is FNG forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-83.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: F3N's earnings are forecast to decline over the next 3 years (-83.9% per year).

Earnings vs Market: F3N's earnings are forecast to decline over the next 3 years (-83.9% per year).

High Growth Earnings: F3N's earnings are forecast to decline over the next 3 years.

Revenue vs Market: F3N's revenue (11% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: F3N's revenue (11% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if F3N's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has FNG performed over the past 5 years?

31.8%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: F3N has high quality earnings.

Growing Profit Margin: F3N's current net profit margins (2.5%) are higher than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if F3N's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare F3N's past year earnings growth to its 5-year average.

Earnings vs Industry: F3N earnings growth over the past year (31.8%) exceeded the Luxury industry -48.1%.


Return on Equity

High ROE: F3N's Return on Equity (3.8%) is considered low.


Next Steps

Financial Health

How is FNG's financial position?


Financial Position Analysis

Short Term Liabilities: F3N's short term assets (€338.7M) exceed its short term liabilities (€170.3M).

Long Term Liabilities: F3N's short term assets (€338.7M) do not cover its long term liabilities (€447.0M).


Debt to Equity History and Analysis

Debt Level: F3N's debt to equity ratio (112.5%) is considered high.

Reducing Debt: Insufficient data to determine if F3N's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: F3N's debt is not well covered by operating cash flow (9.3%).

Interest Coverage: F3N's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


Next Steps

Dividend

What is FNG current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate F3N's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate F3N'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 F3N's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if F3N'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 F3N's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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


CEO

Dieter Penninckx (46 yo)

3.58yrs

Tenure

Mr. Dieter Penninckx serves as Director at FNG Benelux Holding NV. Mr. Dieter Penninckx founded FNG Roots Group in 2003 and serves as its Managing Director. Mr. Penninckx has been Director of FNG Roots Gro ...


CEO Compensation Analysis

Compensation vs Market: Dieter's total compensation ($USD0.00) is below average for companies of similar size in the German market ($USD467.00K).

Compensation vs Earnings: Insufficient data to compare Dieter's compensation with company performance.


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

FNG NV's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FNG NV
  • Ticker: F3N
  • Exchange: BST
  • Founded: 1953
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: €39.202m
  • Shares outstanding: 11.20m
  • Website: https://www.fng.eu

Number of Employees


Location

  • FNG NV
  • Bautersemstraat 68 A
  • Mechelen
  • Antwerp
  • 2800
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0Z26LSE (London Stock Exchange)YesOrdinary sharesGBEURJan 2016
FNGENXTBR (Euronext Brussels)YesOrdinary sharesBEEURJan 2016
F3NBST (Boerse-Stuttgart)YesOrdinary sharesDEEURJan 2016

Biography

FNG NV designs and distributes clothing and shoes for women, children, and men in Belgium, the Netherlands, and internationally. It provides its products under the Fred & Ginger, CKS, Claudia Sträter, Miss ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/11 22:21
End of Day Share Price2020/05/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.