BSE:523574

Stock Analysis Report

Executive Summary

Future Enterprises Limited, together with its subsidiaries, engages in retail business in India.

Snowflake

Fundamentals

Proven track record and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 523574's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-9.3%

523574

-0.07%

IN Luxury

0.9%

IN Market


1 Year Return

-49.6%

523574

3.3%

IN Luxury

5.3%

IN Market

Return vs Industry: 523574 underperformed the Indian Luxury industry which returned 3.3% over the past year.

Return vs Market: 523574 underperformed the Indian Market which returned 5.3% over the past year.


Shareholder returns

523574IndustryMarket
7 Day-9.3%-0.07%0.9%
30 Day-6.6%-2.8%2.3%
90 Day-13.9%11.2%11.7%
1 Year-49.6%-49.6%4.1%3.3%7.3%5.3%
3 Year43.9%43.2%66.9%64.8%37.4%30.4%
5 Year-75.5%-75.9%104.6%100.9%40.9%28.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

7.51x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 523574 (₹22.05) is trading above our estimate of fair value (₹10.42)

Significantly Below Fair Value: 523574 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 523574 is good value based on its PE Ratio (7.5x) compared to the Luxury industry average (10.5x).

PE vs Market: 523574 is good value based on its PE Ratio (7.5x) compared to the Indian market (13.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 523574's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 523574 is good value based on its PB Ratio (0.3x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

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

20.5%

Forecasted Consumer Durables 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 Future Enterprises 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 Future Enterprises performed over the past 5 years?

14.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 523574 has large one-off items impacting its financial results.

Growing Profit Margin: 523574's current net profit margins (2.8%) are higher than last year (1.4%).


Past Earnings Growth Analysis

Earnings Trend: 523574's earnings have grown by 14.1% per year over the past 5 years.

Accelerating Growth: 523574's earnings growth over the past year (124.9%) exceeds its 5-year average (14.1% per year).

Earnings vs Industry: 523574 earnings growth over the past year (124.9%) exceeded the Luxury industry 1%.


Return on Equity

High ROE: 523574's Return on Equity (4.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Future Enterprises's financial position?


Financial Position Analysis

Short Term Liabilities: 523574's short term assets (₹35.5B) exceeds its short term liabilities (₹30.6B)

Long Term Liabilities: 523574's short term assets (₹35.5B) do not cover its long term liabilities (67.8B)


Debt to Equity History and Analysis

Debt Level: 523574's debt to equity ratio (156%) is considered high.

Reducing Debt: 523574's debt to equity ratio has increased from 126.5% to 156% over the past 5 years.

Debt Coverage: 523574's debt is well covered by operating cash flow (29.7%).

Interest Coverage: 523574's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet

Inventory Level: 523574 has a high level of physical assets or inventory.

Debt Coverage by Assets: 523574's debt is not covered by short term assets (assets are 0.5x debt).


Next Steps

Dividend

What is Future Enterprises's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.5%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 523574's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 523574's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 523574's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 523574's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 523574 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 523574's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Future Enterprises's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average management tenure


CEO

Vijay Biyani (60yo)

3.5yrs

Tenure

₹31,839,600

Compensation

Mr. Vijay Laxminarayan Biyani has been Managing Director of Future Enterprises Limited since May 4, 2016. Mr. Biyani served as Managing Director of PIL Industries Limited (Pantaloon Industries Limited) fro ...


CEO Compensation Analysis

Compensation vs Market: Vijay's total compensation ($USD443.04K) is above average for companies of similar size in the Indian market ($USD277.19K).

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


Management Age and Tenure

4.8yrs

Average Tenure

49yo

Average Age

Experienced Management: 523574's management team is considered experienced (4.8 years average tenure).


Board Age and Tenure

3.5yrs

Average Tenure

59yo

Average Age

Experienced Board: 523574's board of directors are considered experienced (3.5 years average tenure).


Insider Trading

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.


Management Team

  • Vijay Biyani (60yo)

    MD & Director

    • Tenure: 3.5yrs
    • Compensation: ₹31.84m
  • Virendra Samani

    Deputy Company Secretary of Future Retail

    • Tenure: 0yrs
  • Sanjay Rathi (54yo)

    Head of Legal & Corporate Governance

    • Tenure: 0yrs
  • Deepak Tanna

    Company Secretary & Compliance Officer

    • Tenure: 11.6yrs
    • Compensation: ₹5.93m
  • Anuraag Agarwal (44yo)

    Head of Strategy

    • Tenure: 0yrs
  • Rajesh Kalyani (50yo)

    Chief Financial Officer of Property Division

    • Tenure: 0yrs
  • Dinesh Maheshwari (51yo)

    CFO & Executive Director

    • Tenure: 3.5yrs
    • Compensation: ₹24.24m
  • Rajesh Seth (48yo)

    Chief Operating Officer

    • Tenure: 3.6yrs
  • Manoj Agarwal (47yo)

    Chief Transformation Officer

    • Tenure: 0yrs
  • Vishal Kapoor (46yo)

    Chief Design Officer

    • Tenure: 0yrs
    • Compensation: ₹9.58m

Board Members

  • Kishore Biyani (59yo)

    Vice Chairman

    • Tenure: 3.5yrs
    • Compensation: ₹400.00k
  • Bala Deshpande (53yo)

    Independent Director

    • Tenure: 18.3yrs
    • Compensation: ₹700.00k
  • Anil Harish (65yo)

    Independent Non-Executive Director

    • Tenure: 15.3yrs
    • Compensation: ₹500.00k
  • Vijay Chopra (73yo)

    Independent Chairman

    • Tenure: 3.5yrs
    • Compensation: ₹1.00m
  • Haresh Chawla (51yo)

    Non-Executive Independent Director

    • Tenure: 0.7yrs
  • Anandakrishnan Chandrasekaran

    Additional Independent Director

    • Tenure: 0.3yrs
  • Vijay Biyani (60yo)

    MD & Director

    • Tenure: 3.5yrs
    • Compensation: ₹31.84m
  • Dinesh Maheshwari (51yo)

    CFO & Executive Director

    • Tenure: 3.5yrs
    • Compensation: ₹24.24m

Company Information

Future Enterprises Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Future Enterprises Limited
  • Ticker: 523574
  • Exchange: BSE
  • Founded: 1987
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹11.155b
  • Shares outstanding: 494.31m
  • Website: https://www.felindia.in

Location

  • Future Enterprises Limited
  • Embassy 247, ‘C’ Tower
  • LBS Marg
  • Mumbai
  • Maharashtra
  • 400083
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
523574BSE (Mumbai Stock Exchange)YesEquity SharesININRNov 2001
FELNSEI (National Stock Exchange of India)YesEquity SharesININRNov 2001
570002BSE (Mumbai Stock Exchange)Class B SharesININRApr 2009
FELDVRNSEI (National Stock Exchange of India)Class B SharesININRApr 2009

Biography

Future Enterprises Limited, together with its subsidiaries, engages in retail business in India. It operates through Manufacturing and Trading; Leasing and Other; and Logistics segments. The company design ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/20 12:49
End of Day Share Price2019/11/20 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.