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Future Consumer

BSE:533400
Snowflake Description

High growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
533400
BSE
₹75B
Market Cap
  1. Home
  2. IN
  3. Food, Beverage & Tobacco
Company description

Future Consumer Limited, a sourcing-to-supermarket food company, engages in the sourcing, manufacture, branding, marketing, and distribution of fast moving consumer goods (FCMG), and food and processed food products in India and internationally. The last earnings update was 103 days ago. More info.


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  • Future Consumer has significant price volatility in the past 3 months.
533400 Share Price and Events
7 Day Returns
4.8%
BSE:533400
1.5%
IN Food
-0.1%
IN Market
1 Year Returns
-25.8%
BSE:533400
-8%
IN Food
-3.7%
IN Market
533400 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Future Consumer (533400) 4.8% -7.7% -8.9% -25.8% 82.5% 425.9%
IN Food 1.5% -5.3% 0.9% -8% 54.7% 130%
IN Market -0.1% -5% 5.7% -3.7% 34.5% 38.6%
1 Year Return vs Industry and Market
  • 533400 underperformed the Food industry which returned -8% over the past year.
  • 533400 underperformed the Market in India which returned -3.7% over the past year.
Price Volatility
533400
Industry
5yr Volatility vs Market

533400 Value

 Is Future Consumer undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Future Consumer to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Future Consumer.

BSE:533400 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.4%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:533400
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.54
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.544 (1 + (1- 35%) (8.22%))
0.714
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 8.6%)
14.43%

Discounted Cash Flow Calculation for BSE:533400 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Future Consumer is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:533400 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 14.43%)
2019 -1,182.00 Analyst x1 -1,032.95
2020 -268.00 Analyst x1 -204.67
2021 1,635.00 Analyst x1 1,091.18
2022 2,771.18 Est @ 69.49% 1,616.24
2023 4,181.96 Est @ 50.91% 2,131.47
2024 5,766.97 Est @ 37.9% 2,568.67
2025 7,427.62 Est @ 28.8% 2,891.15
2026 9,093.05 Est @ 22.42% 3,093.07
2027 10,726.20 Est @ 17.96% 3,188.50
2028 12,317.68 Est @ 14.84% 3,199.85
Present value of next 10 years cash flows ₹18,542.53
BSE:533400 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹12,317.68 × (1 + 7.55%) ÷ (14.43% – 7.55%)
₹192,553.28
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹192,553.28 ÷ (1 + 14.43%)10
₹50,020.95
BSE:533400 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹18,542.53 + ₹50,020.95
₹68,563.48
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹68,563.48 / 1,920.46
₹35.7
BSE:533400 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹35.70
Current discount Discount to share price of ₹40.60
= -1 x (₹40.60 - ₹35.70) / ₹35.70
-13.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Future Consumer is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Future Consumer's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Future Consumer's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:533400 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-0.09
BSE:533400 Share Price ** BSE (2019-05-20) in INR ₹40.6
India Food Industry PE Ratio Median Figure of 160 Publicly-Listed Food Companies 17.48x
India Market PE Ratio Median Figure of 2,759 Publicly-Listed Companies 15.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Future Consumer.

BSE:533400 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:533400 Share Price ÷ EPS (both in INR)

= 40.6 ÷ -0.09

-454.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Future Consumer is loss making, we can't compare its value to the IN Food industry average.
  • Future Consumer is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Future Consumer's expected growth come at a high price?
Raw Data
BSE:533400 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -454.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
123.3%per year
India Food Industry PEG Ratio Median Figure of 18 Publicly-Listed Food Companies 1.85x
India Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.25x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Future Consumer, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Future Consumer's assets?
Raw Data
BSE:533400 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹9.91
BSE:533400 Share Price * BSE (2019-05-20) in INR ₹40.6
India Food Industry PB Ratio Median Figure of 204 Publicly-Listed Food Companies 1.04x
India Market PB Ratio Median Figure of 3,638 Publicly-Listed Companies 1.02x
BSE:533400 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:533400 Share Price ÷ Book Value per Share (both in INR)

= 40.6 ÷ 9.91

4.09x

* Primary Listing of Future Consumer.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Future Consumer is overvalued based on assets compared to the IN Food industry average.
X
Value checks
We assess Future Consumer's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. Future Consumer has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

533400 Future Performance

 How is Future Consumer expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
123.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Future Consumer expected to grow at an attractive rate?
  • Future Consumer's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Future Consumer's earnings growth is expected to exceed the India market average.
  • Future Consumer's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:533400 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:533400 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 123.3%
BSE:533400 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 31.2%
India Food Industry Earnings Growth Rate Market Cap Weighted Average 17.5%
India Food Industry Revenue Growth Rate Market Cap Weighted Average 14.3%
India Market Earnings Growth Rate Market Cap Weighted Average 16.9%
India Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:533400 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:533400 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 69,815 1,702 1,267 4
2020-03-31 52,914 800 669 4
2019-03-31 38,332 884 -179 3
BSE:533400 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 36,505 -178
2018-09-30 34,440 -172
2018-06-30 31,836 -230
2018-03-31 30,056 -938 -260
2017-12-31 27,295 -324
2017-09-30 24,971 -418
2017-06-30 23,113 -491
2017-03-31 21,158 -812 -610
2016-12-31 20,580 -857
2016-09-30 20,112 -920
2016-06-30 18,800 -1,045
2016-03-31 17,012 795 -1,077

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Future Consumer's earnings are expected to grow significantly at over 20% yearly.
  • Future Consumer's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:533400 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Future Consumer Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:533400 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 0.70 0.70 0.70 1.00
2020-03-31 0.30 0.30 0.30 1.00
2019-03-31 -0.10 -0.10 -0.10 2.00
BSE:533400 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -0.09
2018-09-30 -0.09
2018-06-30 -0.12
2018-03-31 -0.14
2017-12-31 -0.18
2017-09-30 -0.23
2017-06-30 -0.27
2017-03-31 -0.34
2016-12-31 -0.48
2016-09-30 -0.54
2016-06-30 -0.62
2016-03-31 -0.65

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Future Consumer is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Future Consumer's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Future Consumer has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

533400 Past Performance

  How has Future Consumer performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Future Consumer's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Future Consumer does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Future Consumer's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Future Consumer's 1-year growth to the IN Food industry average as it is not currently profitable.
Earnings and Revenue History
Future Consumer's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Future Consumer Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:533400 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 36,505.37 -177.70 1,503.42
2018-09-30 34,439.60 -172.35 1,502.05
2018-06-30 31,835.94 -230.45 1,503.60
2018-03-31 30,056.10 -259.84 1,437.23
2017-12-31 27,295.23 -324.46 1,357.10
2017-09-30 24,970.57 -417.57 1,275.73
2017-06-30 23,113.39 -491.18 1,185.51
2017-03-31 21,158.41 -610.06 1,143.90
2016-12-31 20,579.81 -856.65 1,361.65
2016-09-30 20,112.06 -919.74 1,362.52
2016-06-30 18,800.45 -1,044.66 1,382.95
2016-03-31 17,011.91 -1,076.82 1,278.18
2015-12-31 16,790.90 -1,222.26 2,015.04
2015-09-30 15,297.53 -1,208.12 1,939.10
2015-06-30 13,771.06 -1,034.83 1,874.36
2015-03-31 13,122.58 -883.44 1,158.79
2014-12-31 12,739.77 -839.12 1,542.33
2014-09-30 11,235.53 13.80 1,510.34
2014-06-30 9,720.99 -76.46 1,449.78
2014-03-31 8,224.07 -69.50 1,420.11
2013-12-31 6,761.63 36.77 1,742.51
2013-09-30 7,571.09 -792.32 1,853.74
2013-06-30 9,342.19 -608.50 866.19
2013-03-31 9,150.34 -513.71 2,050.74
2012-12-31 9,864.61 -401.62 1,936.25
2012-09-30 9,015.95 -252.33 1,815.92
2012-06-30 8,745.04 -167.36 1,753.69

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Future Consumer has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Future Consumer used its assets less efficiently than the IN Food industry average last year based on Return on Assets.
  • It is difficult to establish if Future Consumer improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Future Consumer's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Future Consumer has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

533400 Health

 How is Future Consumer's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Future Consumer's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Future Consumer is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Future Consumer's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Future Consumer's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Future Consumer Company Filings, last reported 4 months ago.

BSE:533400 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 9,894.82 6,126.23 714.60
2018-09-30 9,894.82 6,126.23 714.60
2018-06-30 9,994.84 6,178.41 520.21
2018-03-31 9,994.84 6,178.41 520.21
2017-12-31 9,390.21 5,848.84 633.62
2017-09-30 9,390.21 5,848.84 633.62
2017-06-30 8,962.97 4,724.98 468.41
2017-03-31 8,962.97 4,724.98 468.41
2016-12-31 9,684.86 3,306.53 367.20
2016-09-30 9,684.86 3,306.53 367.20
2016-06-30 6,979.91 6,091.28 499.77
2016-03-31 5,666.69 5,402.78 370.04
2015-12-31 7,338.64 5,512.49 1,200.45
2015-09-30 7,338.64 5,512.49 1,200.45
2015-06-30 8,034.08 6,737.18 1,433.07
2015-03-31 8,034.08 6,737.32 1,433.07
2014-12-31 7,970.01 1,643.58 1,125.14
2014-09-30 7,970.01 1,643.58 1,125.14
2014-06-30 8,219.90 1,096.48 1,348.56
2014-03-31 8,219.90 1,096.48 1,348.56
2013-12-31 8,026.77 38.41 1,530.31
2013-09-30 8,026.77 38.41 1,530.31
2013-06-30 8,503.69 7.75 1,130.60
2013-03-31 8,503.69 72.50 1,132.72
2012-12-31 14,618.66 1,640.58 1,937.98
2012-09-30 14,618.66 1,640.58 1,937.98
2012-06-30 14,754.84 1,893.70 3,226.31
  • Future Consumer's level of debt (61.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.6% vs 61.9% today).
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.

  • Future Consumer has less than a year of cash runway based on current free cash flow.
  • Future Consumer has less than a year of cash runway if free cash flow continues to grow at historical rates of 71.7% each year.
X
Financial health checks
We assess Future Consumer's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Future Consumer has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

533400 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Future Consumer dividends. Estimated to be 0.08% next year.
If you bought ₹2,000 of Future Consumer shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Future Consumer's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Future Consumer's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:533400 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
India Food Industry Average Dividend Yield Market Cap Weighted Average of 72 Stocks 0.9%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:533400 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.05 2.00
2020-03-31 0.00 1.00
2019-03-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Future Consumer has not reported any payouts.
  • Unable to verify if Future Consumer's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Future Consumer's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Future Consumer has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Future Consumer's dividends in 3 years as they are not expected to pay a notable one for India.
X
Income/ dividend checks
We assess Future Consumer's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Future Consumer afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Future Consumer has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

533400 Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ishmeet Singh
TENURE AS CEO 0.3 years
CEO Bio

Mr. Ishmeet Singh serves as Chief Executive Officer at Future Consumer Limited since January 07, 2019. Previously, he held the role of Business Head at Vodafone India for over 5 years, leading remarkable revenue growth and retail expansion in many circles including Mumbai and Maharashtra. Mr. Singh had also worked with Hindustan Unilever and Coca-Cola in the last 25 years.

CEO Compensation
  • Insufficient data for Ishmeet to compare compensation growth.
  • Insufficient data for Ishmeet to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure and age of the Future Consumer management team in years:

1.5
Average Tenure
49
Average Age
  • The average tenure for the Future Consumer management team is less than 2 years, this suggests a new team.
Management Team

Ravin Mody

TITLE
Chief Financial Officer
COMPENSATION
₹12M
AGE
38
TENURE
2 yrs

Girish Rao

TITLE
Chief of IT

Manoj Gagvani

TITLE
Compliance Officer
COMPENSATION
₹33M
AGE
51
TENURE
10.9 yrs

Tuhin Ray

TITLE
Chief of Sales

Ashni Biyani

TITLE
MD & Whole Time Director
COMPENSATION
₹8M
AGE
33
TENURE
1 yrs

Narendra Baheti

TITLE
Executive Director
COMPENSATION
₹79M
AGE
50

Maneesh Sharma

TITLE
Head of Packaging Development
AGE
49

Ishmeet Singh

TITLE
Chief Executive Officer
TENURE
0.3 yrs

Arun Gupta

TITLE
President of Business Development & Investments
COMPENSATION
₹27M
AGE
46

Rahul Kansal

TITLE
Head of Strategy & Marketing
AGE
59
Board of Directors Tenure

Average tenure and age of the Future Consumer board of directors in years:

3.7
Average Tenure
57.5
Average Age
  • The tenure for the Future Consumer board of directors is about average.
Board of Directors

Ghyanendra Bajpai

TITLE
Chairman
COMPENSATION
₹475K
AGE
76

Kishore Biyani

TITLE
Vice Chairman
COMPENSATION
₹275K
AGE
58
TENURE
6 yrs

Ashni Biyani

TITLE
MD & Whole Time Director
COMPENSATION
₹8M
AGE
33
TENURE
4.5 yrs

Narendra Baheti

TITLE
Executive Director
COMPENSATION
₹79M
AGE
50
TENURE
2.8 yrs

Krishan Rathi

TITLE
Non-Executive Director
COMPENSATION
₹350K
AGE
57
TENURE
4.5 yrs

Adhiraj Harish

TITLE
Independent & Non-Executive Director
COMPENSATION
₹400K
TENURE
3.7 yrs

Frederic-Charles Josse Mutien de Mevius

TITLE
Non-Executive Director
COMPENSATION
₹50K
AGE
60
TENURE
6.5 yrs

Deepak Malik

TITLE
Non-Executive Director
TENURE
3.1 yrs

Harminder Sahni

TITLE
Additional Independent Director
TENURE
0.7 yrs

Neha Bagaria

TITLE
Additional Independent Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • Future Consumer insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
14. May 19 Buy Mukesh Somara Individual 10. Apr 19 22. Apr 19 25,000 ₹43.10 ₹1,077,498
29. Mar 19 Buy Future Group Company 27. Mar 19 27. Mar 19 465,037 ₹44.69 ₹20,784,450
28. Mar 19 Buy Future Group Company 25. Mar 19 25. Mar 19 195,000 ₹44.45 ₹8,668,114
20. Mar 19 Sell Neeta Singh Individual 14. Feb 19 07. Mar 19 -9,000 ₹47.44 ₹-427,000
20. Mar 19 Buy Future Group Company 18. Mar 19 18. Mar 19 210,000 ₹44.14 ₹9,269,392
13. Mar 19 Buy Future Group Company 08. Mar 19 08. Mar 19 515,000 ₹51.28 ₹26,411,298
11. Mar 19 Buy Future Group Company 06. Mar 19 07. Mar 19 1,600,000 ₹50.03 ₹79,838,341
08. Mar 19 Sell Manoj Gagvani Individual 26. Feb 19 06. Mar 19 -40,000 ₹47.55 ₹-1,901,911
07. Mar 19 Buy Future Group Company 05. Mar 19 05. Mar 19 500,000 ₹48.79 ₹24,394,988
06. Mar 19 Sell Girish Matta Individual 20. Jul 18 08. Aug 18 -60,221 ₹45.01 ₹-2,710,411
04. Mar 19 Sell Anil Bagri Individual 03. Jan 19 04. Feb 19 -36,000 ₹44.67 ₹-1,607,555
26. Feb 19 Sell Manmohan Rathi Individual 04. Jul 18 11. Feb 19 -49,934 ₹46.90 ₹-2,341,874
22. Feb 19 Buy Future Group Company 19. Feb 19 20. Feb 19 3,529,497 ₹45.16 ₹157,421,520
20. Feb 19 Sell Manoj Gagvani Individual 07. Jan 19 18. Feb 19 -45,000 ₹44.06 ₹-1,982,755
20. Feb 19 Buy Future Group Company 18. Feb 19 18. Feb 19 952,000 ₹44.35 ₹42,218,956
19. Feb 19 Buy Future Group Company 14. Feb 19 15. Feb 19 1,662,332 ₹43.31 ₹71,353,312
30. Jan 19 Buy Future Group Company 25. Jan 19 28. Jan 19 188,105 ₹40.01 ₹7,526,478
23. Jan 19 Buy Future Consumer Enterprise Employees Welfare Trust Company 18. Jan 19 21. Jan 19 685,098 ₹42.10 ₹28,806,939
16. Jan 19 Buy Shivani Haribhakti Individual 10. Jan 19 10. Jan 19 30,000 ₹43.03 ₹1,290,956
16. Jan 19 Buy Future Consumer Enterprise Employees Welfare Trust Company 14. Jan 19 15. Jan 19 782,250 ₹43.86 ₹34,197,266
02. Jan 19 Sell Manoj Gagvani Individual 31. Dec 18 31. Dec 18 -40,000 ₹45.75 ₹-1,829,898
06. Dec 18 Buy Sejal Mody Individual 04. Oct 18 30. Nov 18 33,200 ₹41.40 ₹1,374,533
29. Oct 18 Buy Future Group Company 19. Oct 18 24. Oct 18 100,738 ₹41.13 ₹4,143,558
30. Oct 18 Buy Future Consumer Enterprise Employees Welfare Trust Company 23. Oct 18 26. Oct 18 950,000 ₹41.98 ₹39,764,564
30. Oct 18 Buy Future Group Company 26. Oct 18 26. Oct 18 50,460 ₹40.48 ₹2,042,699
26. Oct 18 Sell Amit Agarwal Individual 28. Sep 18 28. Sep 18 -42,000 ₹37.25 ₹-1,564,499
25. Oct 18 Buy Future Consumer Enterprise Employees Welfare Trust Company 22. Oct 18 22. Oct 18 150,000 ₹41.99 ₹6,298,492
24. Oct 18 Buy Future Consumer Enterprise Employees Welfare Trust Company 19. Oct 18 19. Oct 18 226,549 ₹42.60 ₹9,651,222
22. Oct 18 Buy Future Consumer Enterprise Employees Welfare Trust Company 17. Oct 18 17. Oct 18 25,368 ₹41.86 ₹1,061,842
22. Oct 18 Buy Future Group Company 16. Oct 18 16. Oct 18 25,000 ₹41.50 ₹1,037,499
16. Oct 18 Buy Future Consumer Enterprise Employees Welfare Trust Company 11. Oct 18 11. Oct 18 150,000 ₹37.20 ₹5,579,548
12. Oct 18 Buy Future Consumer Enterprise Employees Welfare Trust Company 10. Oct 18 10. Oct 18 100,000 ₹38.05 ₹3,805,101
12. Oct 18 Buy Future Group Company 10. Oct 18 11. Oct 18 158,679 ₹36.66 ₹5,806,458
10. Oct 18 Buy Future Consumer Enterprise Employees Welfare Trust Company 08. Oct 18 08. Oct 18 250,000 ₹36.99 ₹9,247,912
03. Oct 18 Buy Future Consumer Enterprise Employees Welfare Trust Company 28. Sep 18 28. Sep 18 800,000 ₹39.61 ₹31,688,410
27. Sep 18 Buy Future Consumer Enterprise Employees Welfare Trust Company 24. Sep 18 25. Sep 18 203,414 ₹43.54 ₹8,852,862
26. Sep 18 Buy Future Consumer Enterprise Employees Welfare Trust Company 21. Sep 18 21. Sep 18 200,000 ₹46.08 ₹9,215,625
25. Sep 18 Sell Narendra Sarda Individual 29. Aug 18 29. Aug 18 -120 ₹53.76 ₹-6,451
25. Sep 18 Buy Narendra Sarda Individual 16. Jul 18 23. Aug 18 120 ₹43.21 ₹5,185
29. Aug 18 Buy Tarun Haribhakti Individual 24. Aug 18 24. Aug 18 50,000 ₹55.27 ₹2,763,458
09. Aug 18 Sell Satish Sharma Individual 03. Jul 18 03. Aug 18 -89,000 ₹46.01 ₹-4,094,733
09. Aug 18 Buy Satish Sharma Individual 02. Jul 18 16. Jul 18 45,000 ₹44.60 ₹2,007,145
02. Aug 18 Buy Future Group Company 30. Jul 18 30. Jul 18 3,965,608 ₹47.00 ₹186,383,523
23. Jul 18 Buy Future Group Company 18. Jul 18 18. Jul 18 9,886,313 ₹43.52 ₹430,250,978
20. Jul 18 Buy Future Consumer Enterprise Employees Welfare Trust Company 17. Jul 18 18. Jul 18 150,000 ₹44.43 ₹6,519,159
18. Jul 18 Buy Future Group Company 16. Jul 18 16. Jul 18 5,500,000 ₹43.41 ₹238,759,678
17. Jul 18 Buy Future Group Company 13. Jul 18 13. Jul 18 6,000,000 ₹46.00 ₹275,999,657
05. Jul 18 Buy Future Consumer Enterprise Employees Welfare Trust Company 03. Jul 18 03. Jul 18 100,000 ₹49.98 ₹4,997,707
03. Jul 18 Buy Future Consumer Enterprise Employees Welfare Trust Company 28. Jun 18 28. Jun 18 350,000 ₹47.98 ₹16,794,105
04. Jul 18 Buy Future Group Company 29. Jun 18 29. Jun 18 6,710,000 ₹50.01 ₹335,567,001
02. Jul 18 Sell Satish Sharma Individual 06. Jun 18 06. Jun 18 -1,000 ₹52.37 ₹-52,370
28. Jun 18 Buy Future Group Company 26. Jun 18 26. Jun 18 9,852,000 ₹47.98 ₹472,698,709
31. May 18 Buy Tarun Haribhakti Individual 28. May 18 28. May 18 50,000 ₹55.27 ₹2,763,461
X
Management checks
We assess Future Consumer's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Future Consumer has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

533400 News

Simply Wall St News

Market Sentiment Around Loss-Making Future Consumer Limited (BOM:533400)

Future Consumer Limited's (BOM:533400):. … It specializes in acquiring and investing in emerging consumption-led sectors with a focus on food and FMCG, rural distribution, urban distribution, mega food parks, food distribution, fashion and other design services, and edutainment sectors based in India. … 533400 is bordering on breakeven, according to Food analysts.

Simply Wall St -

533400 Company Info

Description

Future Consumer Limited, a sourcing-to-supermarket food company, engages in the sourcing, manufacture, branding, marketing, and distribution of fast moving consumer goods (FCMG), and food and processed food products in India and internationally. The company offers branded packaged food products, including groceries, dairy products, beverages, bakery products, snacks and munch products, and other food products; home care products; and personal hygiene care products. It provides food products under the KOSH!, Desi Atta Company, Golden Harvest, Golden Harvest Prime, Karmiq, Ektaa, Mother Earth, Tasty Treat, Sunkist, Terra, Fresh & Pure, Sangi's Kitchen, POOOF!, Grüezi, Mera Swad, Nilgiris, Baker Street, and Veg Affaire. The company offers home and personal care products under the Kara, Swiss Tempelle, Think Skin, TS, CleanMate, CareMate, Pratha, Prim, and Puretta brands. It also operates convenience stores in south India; and cash-and-carry stores, and smaller format retail stores. The company, through its subsidiaries, also trades in fruits and vegetables; and holds content brands, as well as provides FCMG and apparel products under the Sach brand. The company was formerly known as Future Consumer Enterprise Limited and changed its name to Future Consumer Limited in October 2016. Future Consumer Limited was incorporated in 1996 and is based in Mumbai, India.

Details
Name: Future Consumer Limited
533400
Exchange: BSE
Founded: 1996
₹74,513,951,984
1,920,462,680
Website: http://www.futureconsumer.in
Address: Future Consumer Limited
Tower C,
247 Park,
Mumbai,
Maharashtra, 400083,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 533400 Equity Shares Mumbai Stock Exchange IN INR 11. May 2011
NSEI FCONSUMER Equity Shares National Stock Exchange of India IN INR 11. May 2011
Number of employees
Current staff
Staff numbers
0
Future Consumer employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 12:56
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/04/08
Last earnings filing: 2019/02/06
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.