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.

Risks

  • Future Enterprises has significant price volatility in the past 3 months.
  • Future Enterprises is not covered by any analysts.

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

-14.0%

NSEI:FELDVR

-0.9%

IN Luxury

-1.4%

IN Market


1 Year Return

-35.9%

NSEI:FELDVR

-14.3%

IN Luxury

-14.5%

IN Market

FELDVR underperformed the Luxury industry which returned -14.3% over the past year.

FELDVR underperformed the Market in India which returned -14.5% over the past year.


Share holder returns

FELDVRIndustryMarket
7 Day-14.0%-0.9%-1.4%
30 Day-12.7%-2.4%-4.4%
90 Day-20.1%-9.9%-8.1%
1 Year-35.9%-35.9%-13.6%-14.3%-12.7%-14.5%
3 Year32.1%31.1%39.4%34.6%16.7%10.5%
5 Year-61.8%-64.1%95.4%84.9%35.0%22.2%

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 based on future cash flows and its price relative to the stock market?

8.13x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Future Enterprises to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Future Enterprises to establish if it is available at substantial discount.


Price Based on Earnings

Future Enterprises is good value based on earnings compared to the IN Luxury industry average.

Future Enterprises is good value based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Future Enterprises, we can't assess if its growth is good value.


Price Based on Value of Assets

Future Enterprises is good value based on assets compared to the IN Luxury industry average.


Next Steps

Future Growth

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

20.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Future Enterprises is high growth as no revenue estimate data is available.

Future Enterprises's earnings are expected to grow significantly at over 20% yearly.

Unable to compare Future Enterprises's revenue growth to the India market average as no estimate data is available.

Future Enterprises's earnings growth is expected to exceed the India market average.

Future Enterprises's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Future Enterprises will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

Future Enterprises's year on year earnings growth rate has been positive over the past 5 years.

Future Enterprises's 1-year earnings growth exceeds its 5-year average (276.3% vs 8.4%)

Future Enterprises's earnings growth has exceeded the IN Luxury industry average in the past year (276.3% vs 7.9%).


Return on Equity

Future Enterprises has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Future Enterprises used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.


Return on Capital Employed

Future Enterprises has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Future Enterprises's financial position?


Financial Position Analysis

Future Enterprises is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Future Enterprises's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Future Enterprises's level of debt (156.5%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (152.8% vs 156.5% today).

Debt is not well covered by operating cash flow (16.8%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 1.2x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

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 and Payments Analysis

Unable to evaluate Future Enterprises's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Future Enterprises's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Future Enterprises has not reported any payouts.

Unable to verify if Future Enterprises's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Future Enterprises has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

4.6yrs

Average management tenure


CEO

Vijay Biyani (60yo)

3.3yrs

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

Vijay's remuneration is higher than average for companies of similar size in India.

Vijay's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.6yrs

Average Tenure

49yo

Average Age

The tenure for the Future Enterprises management team is about average.


Board Age and Tenure

3.3yrs

Average Tenure

59yo

Average Age

The tenure for the Future Enterprises board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Vijay Biyani (60yo)

    MD & Director

    • Tenure: 3.3yrs
    • Compensation: ₹31.84m
  • Virendra Samani

    Deputy Company Secretary of Future Retail

    • Tenure: 0.0yrs
  • Sanjay Rathi (54yo)

    Head of Legal & Corporate Governance

    • Tenure: 0.0yrs
  • Deepak Tanna

    Company Secretary & Compliance Officer

    • Tenure: 11.3yrs
    • Compensation: ₹5.93m
  • Anuraag Agarwal (44yo)

    Head of Strategy

    • Tenure: 0.0yrs
  • Rajesh Kalyani (50yo)

    Chief Financial Officer of Property Division

    • Tenure: 0.0yrs
  • Dinesh Maheshwari (51yo)

    CFO & Executive Director

    • Tenure: 3.3yrs
    • Compensation: ₹24.24m
  • Rajesh Seth (48yo)

    Chief Operating Officer

    • Tenure: 3.3yrs
  • Manoj Agarwal (47yo)

    Chief Transformation Officer

    • Tenure: 0.0yrs
  • Vishal Kapoor (46yo)

    Chief Design Officer

    • Tenure: 0.0yrs
    • Compensation: ₹9.58m

Board Members

  • Kishore Biyani (59yo)

    Vice Chairman

    • Tenure: 3.3yrs
    • Compensation: ₹400.00k
  • Bala Deshpande (53yo)

    Independent Director

    • Tenure: 18.0yrs
    • Compensation: ₹700.00k
  • Anil Harish (65yo)

    Independent Non-Executive Director

    • Tenure: 15.0yrs
    • Compensation: ₹500.00k
  • Vijay Chopra (73yo)

    Chairman

    • Tenure: 3.3yrs
    • Compensation: ₹1.00m
  • Haresh Chawla (51yo)

    Non-Executive Independent Director

    • Tenure: 0.4yrs
  • Anandakrishnan Chandrasekaran

    Additional Independent Director

    • Tenure: 0.0yrs
  • Vijay Biyani (60yo)

    MD & Director

    • Tenure: 3.3yrs
    • Compensation: ₹31.84m
  • Dinesh Maheshwari (51yo)

    CFO & Executive Director

    • Tenure: 3.3yrs
    • 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: ₹12.930b
  • 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 Analysis2019/08/22 12:51
End of Day Share Price2019/08/22 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.