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FML

Fan MilkGHSE:FML Stock Report

Market Cap

GH₵581.0m

7D

0%

1Y

376.2%

Updated

19 Oct, 2021

Data

Company Financials +
FML fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends0/6

FML Overview

Fan Milk PLC produces and sells dairy products and fruit drinks in Ghana.

Price History & Performance

Summary of all time highs, changes and price drops for Fan Milk
Historical stock prices
Current Share PriceGH₵5.00
52 Week HighGH₵0
52 Week LowGH₵0
Beta-0.67
1 Month Change160.42%
3 Month Change270.37%
1 Year Change376.19%
3 Year Change-58.68%
5 Year Change-48.98%
Change since IPO80,247.10%

Recent News & Updates

Shareholder Returns

FMLGH FoodGH Market
7D0%-0.7%-0.3%
1Y376.2%16.6%65.7%

Return vs Industry: FML exceeded the GH Food industry which returned 18.3% over the past year.

Return vs Market: FML exceeded the GH Market which returned 66.7% over the past year.

Price Volatility

Is FML's price volatile compared to industry and market?
FML volatility
FML Beta-0.67
Industry Beta0.52
Market Beta1

Stable Share Price: Insufficient data to determine FML's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine FML's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a417Ziobeieton Yeo

Fan Milk PLC produces and sells dairy products and fruit drinks in Ghana. The company is based in Accra, Ghana. Fan Milk PLC is a subsidiary of Fan Milk International A/S.

Fan Milk Fundamentals Summary

How do Fan Milk's earnings and revenue compare to its market cap?
FML fundamental statistics
Market CapGH₵581.04m
Earnings (TTM)GH₵6.72m
Revenue (TTM)GH₵427.94m

86.5x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FML income statement (TTM)
RevenueGH₵427.94m
Cost of RevenueGH₵291.57m
Gross ProfitGH₵136.37m
ExpensesGH₵129.65m
EarningsGH₵6.72m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.058
Gross Margin31.87%
Net Profit Margin1.57%
Debt/Equity Ratio0.0%

How did FML perform over the long term?

See historical performance and comparison

Valuation

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

86.52x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FML (GHS5) is trading above our estimate of fair value (GHS4.26)

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


Price To Earnings Ratio

PE vs Industry: FML is poor value based on its PE Ratio (86.5x) compared to the African Food industry average (13.7x).

PE vs Market: FML is poor value based on its PE Ratio (86.5x) compared to the GH market (5.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FML is overvalued based on its PB Ratio (2.2x) compared to the XF Food industry average (1.4x).


Future Growth

How is Fan Milk forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

11.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if FML's forecast earnings growth is above the savings rate (9.1%).

Earnings vs Market: Insufficient data to determine if FML's earnings are forecast to grow faster than the GH market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FML's revenue (11.3% per year) is forecast to grow slower than the GH market (15.8% per year).

High Growth Revenue: FML's revenue (11.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FML's Return on Equity is forecast to be low in 3 years time (11.7%).


Past Performance

How has Fan Milk performed over the past 5 years?

-46.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FML has high quality earnings.

Growing Profit Margin: FML's current net profit margins (1.6%) are lower than last year (4%).


Past Earnings Growth Analysis

Earnings Trend: FML's earnings have declined by 46.1% per year over the past 5 years.

Accelerating Growth: FML's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FML had negative earnings growth (-55.6%) over the past year, making it difficult to compare to the Food industry average (8%).


Return on Equity

High ROE: FML's Return on Equity (2.5%) is considered low.


Financial Health

How is Fan Milk's financial position?


Financial Position Analysis

Short Term Liabilities: FML's short term assets (GHS250.7M) exceed its short term liabilities (GHS169.3M).

Long Term Liabilities: FML's short term assets (GHS250.7M) exceed its long term liabilities (GHS9.4M).


Debt to Equity History and Analysis

Debt Level: FML is debt free.

Reducing Debt: FML has not had any debt for past 5 years.

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

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


Balance Sheet


Dividend

What is Fan Milk current dividend yield, its reliability and sustainability?

2.11%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: FML is not paying a notable dividend for the GH market.


Future Payout to Shareholders

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


Next Steps

Management

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


CEO

Ziobeieton Yeo (45 yo)

2.75yrs

Tenure

Mr. Ziobeieton Yeo serves as Director and Managing Director at Fan Milk PLC since January 1, 2019.


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

Fan Milk PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Fan Milk PLC
  • Ticker: FML
  • Exchange: GHSE
  • Founded: NaN
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: GH₵581.036m
  • Shares outstanding: 116.21m

Number of Employees


Location

  • Fan Milk PLC
  • No.1. Dadeban Road
  • North Industrial Area
  • Accra
  • Ghana

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 17:02
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.