NSEI:FLFL

Stock Analysis Report

Future Lifestyle Fashions

Executive Summary

Future Lifestyle Fashions Limited operates as an integrated fashion company in India.


Snowflake Analysis

Reasonable growth potential with acceptable track record.


Similar Companies

Share Price & News

How has Future Lifestyle Fashions's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FLFL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.8%

FLFL

3.1%

IN Specialty Retail

0.8%

IN Market


1 Year Return

1.1%

FLFL

-23.3%

IN Specialty Retail

3.6%

IN Market

Return vs Industry: FLFL exceeded the Indian Specialty Retail industry which returned -23.3% over the past year.

Return vs Market: FLFL underperformed the Indian Market which returned 3.6% over the past year.


Shareholder returns

FLFLIndustryMarket
7 Day0.8%3.1%0.8%
30 Day1.0%-2.3%0.7%
90 Day-9.1%-12.4%7.1%
1 Year1.4%1.1%-23.0%-23.3%5.6%3.6%
3 Year224.1%221.6%-10.9%-11.7%34.1%27.0%
5 Year409.9%401.6%48.3%44.8%41.4%28.6%

Price Volatility Vs. Market

How volatile is Future Lifestyle Fashions's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

47.34x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FLFL (₹399.05) is trading above our estimate of fair value (₹119.96)

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


Price To Earnings Ratio

PE vs Industry: FLFL is poor value based on its PE Ratio (47.3x) compared to the Specialty Retail industry average (26.4x).

PE vs Market: FLFL is poor value based on its PE Ratio (47.3x) compared to the Indian market (12.9x).


Price to Earnings Growth Ratio

PEG Ratio: FLFL is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: FLFL is overvalued based on its PB Ratio (4.1x) compared to the IN Specialty Retail industry average (0.9x).


Next Steps

Future Growth

How is Future Lifestyle Fashions forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

42.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FLFL's forecast earnings growth (42.2% per year) is above the savings rate (6.5%).

Earnings vs Market: FLFL's earnings (42.2% per year) are forecast to grow faster than the Indian market (19.6% per year).

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

Revenue vs Market: FLFL's revenue (17.4% per year) is forecast to grow faster than the Indian market (11.6% per year).

High Growth Revenue: FLFL's revenue (17.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FLFL's Return on Equity is forecast to be low in 3 years time (14.8%).


Next Steps

Past Performance

How has Future Lifestyle Fashions performed over the past 5 years?

65.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FLFL has high quality earnings.

Growing Profit Margin: FLFL's current net profit margins (2.7%) are lower than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: FLFL has become profitable over the past 5 years, growing earnings by 65.8% per year.

Accelerating Growth: FLFL's earnings growth over the past year (4%) is below its 5-year average (65.8% per year).

Earnings vs Industry: FLFL earnings growth over the past year (4%) exceeded the Specialty Retail industry -6.5%.


Return on Equity

High ROE: FLFL's Return on Equity (8.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Future Lifestyle Fashions's financial position?


Financial Position Analysis

Short Term Liabilities: FLFL's short term assets (₹33.4B) do not cover its short term liabilities (₹33.6B).

Long Term Liabilities: FLFL's short term assets (₹33.4B) exceed its long term liabilities (₹15.2B).


Debt to Equity History and Analysis

Debt Level: FLFL's debt to equity ratio (48.5%) is considered high.

Reducing Debt: FLFL's debt to equity ratio has reduced from 108.3% to 48.5% over the past 5 years.

Debt Coverage: FLFL's debt is well covered by operating cash flow (87%).

Interest Coverage: FLFL's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet

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

Debt Coverage by Assets: FLFL's debt is covered by short term assets (assets are 3.7x debt).


Next Steps

Dividend

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

0.35%

Current Dividend Yield


Dividend Yield vs Market

company0.4%marketbottom25%0.6%markettop25%2.5%industryaverage0.5%forecastin3Years0.3%

Current dividend yield vs market & industry

Notable Dividend: FLFL's dividend (0.35%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.59%).

High Dividend: FLFL's dividend (0.35%) is low compared to the top 25% of dividend payers in the Indian market (2.54%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, FLFL has been paying a dividend for less than 10 years.

Growing Dividend: FLFL's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.6%), FLFL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FLFL's dividends in 3 years are forecast to be thoroughly covered by earnings (9.2% payout ratio).


Next Steps

Management

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

3.6yrs

Average management tenure


CEO

M. Prasad (57yo)

0.08yrs

Tenure

0

Mr. M. Vishnu Prasad has been the Chief Executive Officer of Future Lifestyle Fashions Limited since November 14, 2019. Mr. Vishnu has over three decades of sales and retail experience. He served as the Ch ...


Management Age and Tenure

3.6yrs

Average Tenure

49yo

Average Age

Experienced Management: FLFL's management team is considered experienced (3.6 years average tenure).


Board Age and Tenure

4.8yrs

Average Tenure

56yo

Average Age

Experienced Board: FLFL's board of directors are considered experienced (4.8 years average tenure).


Insider Trading

Insider Buying: FLFL insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Sell₹3,338,39805 Dec 19
Venkatesh Raja
EntityIndividual
Role
Head of Human Resources
Head of Human Resources
Shares8,172
Max Price₹408.52
Sell₹1,626,64526 Nov 19
Suresh Sadhwani
EntityIndividual
Shares4,000
Max Price₹418.08
Sell₹20,749,88822 Nov 19
Chandra Toshniwal
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares50,000
Max Price₹415.00
Sell₹2,610,28203 Oct 19
Zubair Patel
EntityIndividual
Shares5,922
Max Price₹447.68
Sell₹1,258,23303 Oct 19
Dharmesh Jain
EntityIndividual
Role
Senior Key Executive
Chief Financial Officer of Brand Factory & All
Shares2,898
Max Price₹434.17
Sell₹1,286,85627 Sep 19
Suresh Sadhwani
EntityIndividual
Shares3,000
Max Price₹428.95
Sell₹1,327,17020 Sep 19
Sanjay Mutha
EntityIndividual
Role
Chief Legal Officer
Chief Legal Officer
Shares3,000
Max Price₹442.39
Sell₹1,315,00020 Sep 19
Amit Kasat
EntityIndividual
Shares3,000
Max Price₹438.33
Sell₹538,44321 Aug 19
Sanjay Mutha
EntityIndividual
Role
Chief Legal Officer
Chief Legal Officer
Shares1,200
Max Price₹448.70
Sell₹451,00521 Aug 19
Amit Kasat
EntityIndividual
Shares1,000
Max Price₹451.00
Sell₹5,447,998,86831 Jul 19
RYKA Commercial Ventures Private Limited
EntityCompany
Shares11,684,716
Max Price₹466.25
Sell₹722,35708 Jul 19
Dharmesh Jain
EntityIndividual
Role
Senior Key Executive
Chief Financial Officer of Brand Factory & All
Shares1,500
Max Price₹496.76
Sell₹814,90008 Jul 19
Ravi Anwekar
EntityIndividual
Shares2,000
Max Price₹407.45
Sell₹2,086,02806 Jul 19
Amit Kasat
EntityIndividual
Shares4,500
Max Price₹487.12
Sell₹1,262,83821 May 19
Milind Budhakar
EntityIndividual
Shares3,121
Max Price₹404.63
Sell₹1,960,00214 May 19
Suresh Sadhwani
EntityIndividual
Shares4,000
Max Price₹490.00
Sell₹46,171,53608 May 19
Chandra Toshniwal
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares93,465
Max Price₹494.00
Sell₹1,919,32109 Apr 19
Suresh Sadhwani
EntityIndividual
Shares4,000
Max Price₹492.26
Sell₹1,415,72326 Mar 19
Dharmesh Jain
EntityIndividual
Role
Senior Key Executive
Chief Financial Officer of Brand Factory & All
Shares3,300
Max Price₹429.01
Sell₹1,927,09719 Mar 19
Rahul Inani
EntityIndividual
Shares4,473
Max Price₹430.83
Sell₹1,320,00019 Mar 19
Nupur Bhattacharya
EntityIndividual
Shares3,000
Max Price₹440.00
Sell₹1,175,85214 Mar 19
Amit Kasat
EntityIndividual
Shares2,750
Max Price₹427.58
Sell₹148,536,33405 Mar 19
Venkatesh Raja
EntityIndividual
Role
Head of Human Resources
Head of Human Resources
Shares3,540
Max Price₹41,959.42
Sell₹3,086,68009 Jan 19
Venkatesh Raja
EntityIndividual
Role
Head of Human Resources
Head of Human Resources
Shares7,571
Max Price₹407.70

Ownership Breakdown

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


Management Team

  • Kishore Biyani (59yo)

    MD & Director

    • Tenure: 7yrs
    • Compensation: ₹38.50m
  • Sanjay Mutha

    Chief Legal Officer

    • Tenure: 4.8yrs
  • M. Prasad (57yo)

    Chief Executive Officer

    • Tenure: 0.08yrs
  • Raj Pinisetti (50yo)

    Chief Merchandising Officer

    • Tenure: 0yrs
  • Kaleeswaran Arunachalam (39yo)

    Chief Financial Officer

    • Tenure: 3.6yrs
  • Hetal Kotak (43yo)

    Head – Lee Cooper & aLL

    • Tenure: 0yrs
  • Krishna Thingbaijam (48yo)

    Head of Designing

    • Tenure: 0yrs
  • Venkatesh Raja (49yo)

    Head of Human Resources

    • Tenure: 0yrs
  • Dharmesh Jain

    Chief Financial Officer of Brand Factory & All

    • Tenure: 0yrs
  • N. Vijaya

    Chief of Operation - Central

    • Tenure: 0yrs

Board Members

  • Kishore Biyani (59yo)

    MD & Director

    • Tenure: 7yrs
    • Compensation: ₹38.50m
  • Shailesh Haribhakti (63yo)

    Independent Chairman of the Board

    • Tenure: 0yrs
    • Compensation: ₹4.20m
  • Bijou Kurien (60yo)

    Independent Director

    • Tenure: 3.6yrs
    • Compensation: ₹3.80m
  • Darlie Koshy (64yo)

    Non-Executive Independent Director

    • Tenure: 6.5yrs
    • Compensation: ₹4.30m
  • Rakesh Biyani (47yo)

    Non-Executive Director

    • Tenure: 6.5yrs
    • Compensation: ₹300.00k
  • Ravi Thakran (56yo)

    Nominee Director

    • Tenure: 1.6yrs
  • Chandra Toshniwal (53yo)

    Non-Executive Director

    • Tenure: 6.1yrs
    • Compensation: ₹600.00k
  • Luv Parikh

    Additional Nominee Director

    • Tenure: 0.08yrs
  • Avni Kishore Biyani (30yo)

    Non Executive Director

    • Tenure: 3.5yrs
    • Compensation: ₹300.00k
  • Sharda Agarwal (51yo)

    Independent Director

    • Tenure: 4.8yrs
    • Compensation: ₹4.20m

Company Information

Future Lifestyle Fashions Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Future Lifestyle Fashions Limited
  • Ticker: FLFL
  • Exchange: NSEI
  • Founded: 2012
  • Industry: Apparel Retail
  • Sector: Retail
  • Market Cap: ₹80.485b
  • Shares outstanding: 201.36m
  • Website: https://www.futurelifestyle.in

Number of Employees


Location

  • Future Lifestyle Fashions Limited
  • Future Retail Home Office
  • Tower C
  • Mumbai
  • Maharashtra
  • 400083
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
536507BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2013
FLFLNSEI (National Stock Exchange of India)YesEquity SharesININROct 2013

Biography

Future Lifestyle Fashions Limited operates as an integrated fashion company in India. It primarily operates a chain of retail format stores under the Central name; fashion discount stores under the Brand F ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/15 12:58
End of Day Share Price2019/12/13 00:00
Earnings2019/09/30
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.