Fraser & Neave Holdings Bhd Valuation
Is F&N undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of F&N when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: F&N (MYR31.6) is trading above our estimate of fair value (MYR16.34)
Significantly Below Fair Value: F&N is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for F&N?
Other financial metrics that can be useful for relative valuation.
| What is F&N's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | RM11.59b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2.1x |
| Enterprise Value/EBITDA | 15x |
| PEG Ratio | 5.1x |
Price to Earnings Ratio vs Peers
How does F&N's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 16.7x | ||
PWROOT Power Root Berhad | 16.2x | 10.2% | RM796.8m |
SPRITZER Spritzer Bhd | 15.2x | 6.7% | RM750.4m |
HEIM Heineken Malaysia Berhad | 18.2x | 4.7% | RM7.0b |
CARLSBG Carlsberg Brewery Malaysia Berhad | 17.5x | 4.9% | RM5.7b |
F&N Fraser & Neave Holdings Bhd | 20.2x | 4.0% | RM11.6b |
Price-To-Earnings vs Peers: F&N is expensive based on its Price-To-Earnings Ratio (20.2x) compared to the peer average (16.7x).
Price to Earnings Ratio vs Industry
How does F&N's PE Ratio compare vs other companies in the Asian Beverage Industry?
Price-To-Earnings vs Industry: F&N is good value based on its Price-To-Earnings Ratio (20.2x) compared to the Asian Beverage industry average (21x).
Price to Earnings Ratio vs Fair Ratio
What is F&N's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 20.2x |
| Fair PE Ratio | 18.3x |
Price-To-Earnings vs Fair Ratio: F&N is expensive based on its Price-To-Earnings Ratio (20.2x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | RM31.60 | RM33.98 +7.5% | 8.1% | RM37.80 | RM30.00 | n/a | 6 |
| Apr ’25 | RM29.38 | RM33.40 +13.7% | 7.1% | RM37.80 | RM30.00 | n/a | 6 |
| Mar ’25 | RM29.52 | RM33.40 +13.1% | 7.1% | RM37.80 | RM30.00 | n/a | 6 |
| Feb ’25 | RM27.70 | RM32.67 +17.9% | 8.5% | RM37.80 | RM29.40 | n/a | 6 |
| Jan ’25 | RM28.16 | RM32.00 +13.6% | 5.5% | RM33.80 | RM29.40 | n/a | 6 |
| Dec ’24 | RM27.72 | RM32.00 +15.4% | 5.5% | RM33.80 | RM29.40 | n/a | 6 |
| Nov ’24 | RM25.76 | RM30.76 +19.4% | 7.2% | RM33.80 | RM28.30 | n/a | 6 |
| Oct ’24 | RM25.30 | RM30.76 +21.6% | 7.2% | RM33.80 | RM28.30 | n/a | 6 |
| Sep ’24 | RM25.50 | RM30.76 +20.6% | 7.2% | RM33.80 | RM28.30 | n/a | 6 |
| Aug ’24 | RM25.06 | RM30.76 +22.7% | 7.2% | RM33.80 | RM28.30 | n/a | 6 |
| Jul ’24 | RM25.22 | RM30.76 +22.0% | 7.2% | RM33.80 | RM28.30 | n/a | 6 |
| Jun ’24 | RM25.40 | RM30.76 +21.1% | 7.2% | RM33.80 | RM28.30 | n/a | 6 |
| May ’24 | RM26.52 | RM30.15 +13.7% | 9.1% | RM33.80 | RM26.11 | RM31.60 | 6 |
| Apr ’24 | RM26.00 | RM29.42 +13.2% | 8.2% | RM33.50 | RM26.11 | RM29.38 | 5 |
| Mar ’24 | RM27.50 | RM29.42 +7.0% | 8.2% | RM33.50 | RM26.11 | RM29.52 | 5 |
| Feb ’24 | RM24.80 | RM26.56 +7.1% | 10.2% | RM29.70 | RM23.60 | RM27.70 | 5 |
| Jan ’24 | RM21.58 | RM26.56 +23.1% | 10.2% | RM29.70 | RM23.60 | RM28.16 | 5 |
| Dec ’23 | RM21.00 | RM26.56 +26.5% | 10.2% | RM29.70 | RM23.60 | RM27.72 | 5 |
| Nov ’23 | RM20.10 | RM25.86 +28.7% | 9.3% | RM29.70 | RM23.15 | RM25.76 | 4 |
| Oct ’23 | RM21.60 | RM25.86 +19.7% | 9.3% | RM29.70 | RM23.15 | RM25.30 | 4 |
| Sep ’23 | RM22.00 | RM25.86 +17.6% | 9.3% | RM29.70 | RM23.15 | RM25.50 | 4 |
| Aug ’23 | RM22.00 | RM26.60 +20.9% | 10.1% | RM30.91 | RM23.60 | RM25.06 | 4 |
| Jul ’23 | RM21.08 | RM26.60 +26.2% | 10.1% | RM30.91 | RM23.60 | RM25.22 | 4 |
| Jun ’23 | RM19.62 | RM29.05 +48.0% | 8.9% | RM33.00 | RM26.10 | RM25.40 | 5 |
| May ’23 | RM23.00 | RM29.05 +26.3% | 8.9% | RM33.00 | RM26.10 | RM26.52 | 5 |
Analyst Forecast: Target price is less than 20% higher than the current share price.