BSE:523574

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Fair value with imperfect balance sheet.


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 is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 523574's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Indian stocks.


Market Performance


7 Day Return

7.7%

523574

4.0%

IN Luxury

2.8%

IN Market


1 Year Return

-51.5%

523574

7.0%

IN Luxury

11.8%

IN Market

Return vs Industry: 523574 underperformed the Indian Luxury industry which returned 7% over the past year.

Return vs Market: 523574 underperformed the Indian Market which returned 11.8% over the past year.


Shareholder returns

523574IndustryMarket
7 Day7.7%4.0%2.8%
30 Day23.1%14.2%12.9%
90 Day-35.3%19.5%15.3%
1 Year-51.5%-51.5%7.7%7.0%13.8%11.8%
3 Year-79.5%-79.5%8.2%6.0%10.8%5.4%
5 Year-92.5%-92.6%60.4%52.4%63.0%50.8%

Long-Term 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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 523574 (₹11.2) is trading below our estimate of fair value (₹112.16)

Significantly Below Fair Value: 523574 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: Insufficient data to calculate 523574's PE Ratio to determine if it is good value compared to the IN Luxury industry average.

PE vs Market: Insufficient data to calculate 523574's PE Ratio to determine if it is good value compared to the Indian market.


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 (0.1x) compared to the IN Luxury industry average (0.6x).


Next Steps

Future Growth

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

54.6%

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?

-35.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 523574 is currently unprofitable.

Growing Profit Margin: 523574 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 523574 is unprofitable, and losses have increased over the past 5 years at a rate of 35.7% per year.

Accelerating Growth: Unable to compare 523574's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 523574 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-26.1%).


Return on Equity

High ROE: 523574 has a negative Return on Equity (-16.46%), as it is currently unprofitable.


Next Steps

Financial Health

How is Future Enterprises's financial position?


Financial Position Analysis

Short Term Liabilities: 523574's short term assets (₹47.0B) do not cover its short term liabilities (₹60.2B).

Long Term Liabilities: 523574's short term assets (₹47.0B) do not cover its long term liabilities (₹54.9B).


Debt to Equity History and Analysis

Debt Level: 523574's debt to equity ratio (147.7%) is considered high.

Reducing Debt: 523574's debt to equity ratio has increased from 98.6% to 147.7% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 523574 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 523574 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 16.8% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate 523574'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 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

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

5.2yrs

Average management tenure


CEO

Vijay Biyani (61 yo)

4.58yrs

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 ($USD0.00) is below average for companies of similar size in the Indian market ($USD48.82K).

Compensation vs Earnings: Vijay's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Vijay Biyani
MD & Director4.58yrs₹31.84m0.0022%
₹ 123.9k
Dinesh Maheshwari
CFO & Executive Director4.58yrs₹24.24m0.14%
₹ 8.3m
Deepak Tanna
Company Secretary & Compliance Officer12.67yrs₹5.93mno data
Rajesh Seth
Chief Operating Officer4.67yrsno datano data
Sanjay Rathi
Head of Legal & Corporate Governanceno datano datano data
Virendra Samani
Deputy Company Secretary of Future Retailno datano datano data
Manoj Agarwal
Chief Transformation Officerno datano datano data
Rajesh Kalyani
Chief Financial Officer of Property Divisionno datano datano data
Vishal Kapoor
Chief Design Officerno data₹9.58mno data
Anuraag Agarwal
Head of Strategyno datano datano data
Suyash Saraogi
Chief Operating Officer of Projectsno datano datano data
Behram Kabrajee
Head of Sourcing5.17yrsno datano data

5.2yrs

Average Tenure

51.5yo

Average Age

Experienced Management: 523574's management team is seasoned and experienced (5.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vijay Biyani
MD & Director4.58yrs₹31.84m0.0022%
₹ 123.9k
Dinesh Maheshwari
CFO & Executive Director4.58yrs₹24.24m0.14%
₹ 8.3m
Kishore Biyani
Vice Chairman4.58yrs₹400.00k0.015%
₹ 854.2k
Bala Deshpande
Independent Non-Executive Director19.33yrs₹700.00kno data
Anil Harish
Independent Non-Executive Director16.33yrs₹500.00k0.0022%
₹ 128.5k
Vijay Chopra
Independent Chairman4.58yrs₹1.00mno data
Anandakrishnan Chandrasekaran
Additional Independent Director1.33yrsno datano data

4.6yrs

Average Tenure

60.5yo

Average Age

Experienced Board: 523574's board of directors are considered experienced (4.6 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: ₹5.764b
  • 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 Analysis2020/12/04 12:06
End of Day Share Price2020/12/04 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.