NSEI:FELDVR

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

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: FELDVR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-6.4%

FELDVR

1.1%

IN Luxury

-0.07%

IN Market


1 Year Return

-35.5%

FELDVR

17.4%

IN Luxury

9.5%

IN Market

Return vs Industry: FELDVR underperformed the Indian Luxury industry which returned 17.4% over the past year.

Return vs Market: FELDVR underperformed the Indian Market which returned 9.5% over the past year.


Shareholder returns

FELDVRIndustryMarket
7 Day-6.4%1.1%-0.07%
30 Day-10.6%3.7%-0.7%
90 Day-1.6%11.5%3.2%
1 Year-35.5%-35.5%18.1%17.4%11.5%9.5%
3 Year-18.3%-19.0%54.7%52.9%23.6%16.7%
5 Year-57.9%-58.8%107.0%100.1%35.4%22.9%

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: FELDVR (₹21.15) is trading above our estimate of fair value (₹11.57)

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


Price To Earnings Ratio

PE vs Industry: FELDVR is good value based on its PE Ratio (7.5x) compared to the Luxury industry average (11.4x).

PE vs Market: FELDVR is good value based on its PE Ratio (7.5x) compared to the Indian market (13.3x).


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 (0.5x).


Next Steps

Future Growth

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

19.8%

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?

15.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FELDVR has a large one-off gain of ₹472.7M impacting its December 31 2019 financial results.

Growing Profit Margin: FELDVR's current net profit margins (2.5%) are higher than last year (1.9%).


Past Earnings Growth Analysis

Earnings Trend: FELDVR's earnings have grown by 15.2% per year over the past 5 years.

Accelerating Growth: FELDVR's earnings growth over the past year (39.5%) exceeds its 5-year average (15.2% per year).

Earnings vs Industry: FELDVR earnings growth over the past year (39.5%) exceeded the Luxury industry 6.4%.


Return on Equity

High ROE: FELDVR's Return on Equity (3.9%) 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: FELDVR's short term assets (₹35.5B) exceed its short term liabilities (₹30.6B).

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


Debt to Equity History and Analysis

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

Reducing Debt: FELDVR's debt to equity ratio has increased from 105.7% to 156% over the past 5 years.

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

Interest Coverage: FELDVR's interest payments on its debt are not well covered by EBIT (1.1x 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%2.6%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

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.


Stability and Growth of Payments

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

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

5.1yrs

Average management tenure


CEO

Vijay Biyani (60yo)

3.8yrs

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 ($USD443.24K) is above average for companies of similar size in the Indian market ($USD302.72K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Vijay Biyani
MD & Director3.8yrs₹31.84m0.0022% 232.0k
Dinesh Maheshwari
CFO & Executive Director3.8yrs₹24.24m0.14% 15.6m
Deepak Tanna
Company Secretary & Compliance Officer11.8yrs₹5.93mno data
Rajesh Seth
Chief Operating Officer3.8yrsno datano data
Sanjay Rathi
Head of Legal & Corporate Governance0yrsno datano data
Virendra Samani
Deputy Company Secretary of Future Retail0yrsno datano data
Manoj Agarwal
Chief Transformation Officer0yrsno datano data
Rajesh Kalyani
Chief Financial Officer of Property Division0yrsno datano data
Vishal Kapoor
Chief Design Officer0yrs₹9.58mno data
Anuraag Agarwal
Head of Strategy0yrsno datano data

5.1yrs

Average Tenure

49yo

Average Age

Experienced Management: FELDVR's management team is seasoned and experienced (5.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vijay Biyani
MD & Director3.8yrs₹31.84m0.0022% 232.0k
Dinesh Maheshwari
CFO & Executive Director3.8yrs₹24.24m0.14% 15.6m
Kishore Biyani
Vice Chairman3.8yrs₹400.00k0.00043% 46.4k
Bala Deshpande
Independent Director18.5yrs₹700.00kno data
Anil Harish
Independent Non-Executive Director15.5yrs₹500.00k0.0022% 240.6k
Vijay Chopra
Independent Chairman3.8yrs₹1.00mno data
Haresh Chawla
Non-Executive Independent Director0.9yrsno data0.054% 5.8m
Anandakrishnan Chandrasekaran
Additional Independent Director0.5yrsno datano data

3.8yrs

Average Tenure

59yo

Average Age

Experienced Board: FELDVR's board of directors are considered experienced (3.8 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.


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: FELDVR
  • Exchange: NSEI
  • Founded: 1987
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹10.790b
  • 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 designs, manufactures, and sells menswear, womenswear, and kidswear under the DJ&C, Buffalo, Knighthood, Srishti, shyla, and Pink & Blue brand names. It is also involved in renting of retail infrastructure assets; and provision of express, cold chain, and e-commerce logistics, as well as warehousing and distribution services to food and beverages, lifestyle, consumer electronics and high tech, automotive and engineering, home and furniture, healthcare, general merchandise, and e-commerce corporates. Future Enterprises Limited also operates www.futurebazaar.com, an e-retailing portal; and provides content-driven market place fabfurnish.com under brand name Fabfurnish for discovery and retail of curated home products. In addition, it offers media solution to advertisers. The company was formerly known as Future Retail Limited and changed its name to Future Enterprises Limited in May 2016. Future Enterprises Limited was incorporated in 1987 and is based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 13:26
End of Day Share Price2020/02/20 00:00
Earnings2019/12/31
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.