Farm Fresh Berhad

KLSE:FFB Stock Report

Market Cap: RM 3.4b

Farm Fresh Berhad Valuation

Is FFB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation 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 FFB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FFB (MYR1.79) is trading below our estimate of fair value (MYR2.15)

Significantly Below Fair Value: FFB is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FFB?

Key metric: As FFB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FFB. This is calculated by dividing FFB's market cap by their current earnings.
What is FFB's PE Ratio?
PE Ratio40.4x
EarningsRM 83.15m
Market CapRM 3.36b

Price to Earnings Ratio vs Peers

How does FFB's PE Ratio compare to its peers?

The above table shows the PE ratio for FFB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.7x
GCB Guan Chong Berhad
15.8x-0.3%RM 3.3b
LHI Leong Hup International Berhad
6.5x-3.1%RM 2.4b
DLADY Dutch Lady Milk Industries Berhad
22.4x19.7%RM 2.0b
CCK CCK Consolidated Holdings Berhad
10.1x-0.8%RM 925.1m
FFB Farm Fresh Berhad
40.4x19.5%RM 3.4b

Price-To-Earnings vs Peers: FFB is expensive based on its Price-To-Earnings Ratio (40.4x) compared to the peer average (13.7x).

Price to Earnings Ratio vs Industry

How does FFB's PE Ratio compare vs other companies in the MY Food Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
FFB 40.4xIndustry Avg. 13.4xNo. of Companies12PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FFB is expensive based on its Price-To-Earnings Ratio (40.4x) compared to the MY Food industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is FFB'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.

FFB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.4x
Fair PE Ratio20.4x

Price-To-Earnings vs Fair Ratio: FFB is expensive based on its Price-To-Earnings Ratio (40.4x) compared to the estimated Fair Price-To-Earnings Ratio (20.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FFB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 1.79
RM 1.82
+1.5%
15.7%RM 2.11RM 1.10n/a13
Nov ’25RM 1.82
RM 1.79
-1.4%
15.2%RM 2.11RM 1.10n/a13
Oct ’25RM 1.81
RM 1.76
-2.9%
14.1%RM 2.05RM 1.10n/a13
Sep ’25RM 1.62
RM 1.74
+7.5%
11.6%RM 2.02RM 1.25n/a13
Aug ’25RM 1.51
RM 1.66
+10.1%
12.2%RM 1.97RM 1.10n/a13
Jul ’25RM 1.55
RM 1.66
+6.9%
12.2%RM 1.97RM 1.10n/a13
Jun ’25RM 1.45
RM 1.63
+12.6%
11.7%RM 1.97RM 1.10n/a12
May ’25RM 1.47
RM 1.55
+5.4%
12.9%RM 1.77RM 1.00n/a11
Apr ’25RM 1.41
RM 1.52
+8.1%
13.9%RM 1.77RM 1.00n/a9
Mar ’25RM 1.40
RM 1.52
+8.9%
13.9%RM 1.77RM 1.00n/a9
Feb ’25RM 1.43
RM 1.46
+2.3%
12.8%RM 1.66RM 1.00n/a9
Jan ’25RM 1.32
RM 1.46
+10.9%
12.8%RM 1.66RM 1.00n/a9
Dec ’24RM 1.39
RM 1.44
+3.8%
12.1%RM 1.65RM 1.00n/a9
Nov ’24RM 1.17
RM 1.32
+12.8%
12.3%RM 1.53RM 1.10RM 1.829
Oct ’24RM 1.20
RM 1.36
+13.1%
16.2%RM 1.80RM 1.10RM 1.819
Sep ’24RM 1.20
RM 1.37
+14.3%
15.5%RM 1.80RM 1.10RM 1.6210
Aug ’24RM 1.20
RM 1.44
+19.9%
21.3%RM 2.04RM 1.05RM 1.5110
Jul ’24RM 1.26
RM 1.70
+35.0%
14.6%RM 2.20RM 1.37RM 1.5510
Jun ’24RM 1.33
RM 1.72
+29.2%
13.1%RM 2.20RM 1.44RM 1.4510
May ’24RM 1.54
RM 1.79
+16.2%
10.4%RM 2.20RM 1.57RM 1.4710
Apr ’24RM 1.50
RM 1.79
+19.3%
10.4%RM 2.20RM 1.57RM 1.4110
Mar ’24RM 1.57
RM 1.79
+13.9%
10.4%RM 2.20RM 1.57RM 1.4010
Feb ’24RM 1.60
RM 1.76
+9.8%
10.5%RM 2.20RM 1.54RM 1.439
Jan ’24RM 1.61
RM 1.75
+8.4%
10.2%RM 2.20RM 1.54RM 1.329
Dec ’23RM 1.55
RM 1.75
+12.6%
10.2%RM 2.20RM 1.54RM 1.399
Nov ’23RM 1.63
RM 1.90
+16.3%
12.6%RM 2.40RM 1.60RM 1.178

Analyst Forecast: Target price is less than 20% higher than the current share price.

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