NSEI:FELDVR

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


Market Performance


7 Day Return

0.9%

FELDVR

3.8%

IN Luxury

2.4%

IN Market


1 Year Return

-43.3%

FELDVR

17.7%

IN Luxury

8.0%

IN Market

Return vs Industry: FELDVR underperformed the Indian Luxury industry which returned 17.7% over the past year.

Return vs Market: FELDVR underperformed the Indian Market which returned 8% over the past year.


Shareholder returns

FELDVRIndustryMarket
7 Day0.9%3.8%2.4%
30 Day-1.5%2.9%2.5%
90 Day-13.3%12.6%3.6%
1 Year-43.3%-43.3%18.6%17.7%10.3%8.0%
3 Year43.5%42.4%51.6%49.8%22.3%16.0%
5 Year-56.3%-58.8%111.3%107.5%42.8%29.3%

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

Valuation

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

7.46x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: FELDVR is good value based on its PE Ratio (7.5x) compared to the Luxury industry average (10x).

PE vs Market: FELDVR is good value based on its PE Ratio (7.5x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FELDVR is good value based on its PB Ratio (0.3x) 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?

20.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FELDVR's forecast earnings growth (20.2% per year) is above the savings rate (7.6%).

Earnings vs Market: FELDVR's earnings (20.2% per year) are forecast to grow faster than the Indian market (18.4% per year).

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

Revenue vs Market: Insufficient data to determine if FELDVR's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if FELDVR's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Future Enterprises performed over the past 5 years?

8.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FELDVR's earnings have grown by 8.4% per year over the past 5 years.

Accelerating Growth: FELDVR's earnings growth over the past year (276.3%) exceeds its 5-year average (8.4% per year).

Earnings vs Industry: FELDVR earnings growth over the past year (276.3%) exceeded the Luxury industry 7.9%.


Return on Equity

High ROE: FELDVR's Return on Equity (4.3%) is considered low.


Return on Assets

ROA vs Industry: FELDVR's Return on Assets is below or equal to the Luxury industry average last year.


Return on Capital Employed

ROCE Improving: FELDVR has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Future Enterprises's financial position?


Financial Position Analysis

Short Term Liabilities: FELDVR's short term assets (₹33.4B) exceeds its short term liabilities (₹19.7B)

Long Term Liabilities: FELDVR's short term assets (33.4B) do not cover its long term liabilities (68.3B)


Debt to Equity History and Analysis

Debt Level: FELDVR's debt to equity ratio (156.5%) is considered high

Reducing Debt: FELDVR's debt to equity ratio has increased from 152.8% to 156.5% over the past 5 years.

Debt Coverage: FELDVR's debt is not well covered by operating cash flow (16.8%).

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


Balance Sheet

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

Debt Coverage by Assets: FELDVR'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%2.4%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FELDVR'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)

3.4yrs

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: Insufficient data to establish whether Vijay's total compensation is reasonable compared to companies of similar size in the Indian market.

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: FELDVR's management team is considered experienced (4.8 years average tenure).


Board Age and Tenure

3.4yrs

Average Tenure

59yo

Average Age

Experienced Board: FELDVR's board of directors are considered experienced (3.4 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


Management Team

  • Vijay Biyani (60yo)

    MD & Director

    • Tenure: 3.4yrs
    • 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: 11.5yrs
    • 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: 3.4yrs
    • Compensation: ₹24.24m
  • Rajesh Seth (48yo)

    Chief Operating Officer

    • Tenure: 3.5yrs
  • 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: 3.4yrs
    • Compensation: ₹400.00k
  • Bala Deshpande (53yo)

    Independent Director

    • Tenure: 18.2yrs
    • Compensation: ₹700.00k
  • Anil Harish (65yo)

    Independent Non-Executive Director

    • Tenure: 15.2yrs
    • Compensation: ₹500.00k
  • Vijay Chopra (73yo)

    Independent Chairman

    • Tenure: 3.4yrs
    • Compensation: ₹1.00m
  • Haresh Chawla (51yo)

    Non-Executive Independent Director

    • Tenure: 0.6yrs
  • Anandakrishnan Chandrasekaran

    Additional Independent Director

    • Tenure: 0.2yrs
  • Vijay Biyani (60yo)

    MD & Director

    • Tenure: 3.4yrs
    • Compensation: ₹31.84m
  • Dinesh Maheshwari (51yo)

    CFO & Executive Director

    • Tenure: 3.4yrs
    • 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: FELDVR
  • Exchange: NSEI
  • Founded: 1987
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹11.379b
  • Shares outstanding: 493.59m
  • 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 Analysis2019/10/23 12:49
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
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.