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FGV

FGV Holdings BerhadKLSE:FGV Stock Report

Market Cap

RM5.4b

7D

-0.7%

1Y

18.4%

Updated

30 Nov, 2021

Data

Company Financials +
FGV fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health3/6
Dividends3/6

FGV Stock Overview

FGV Holdings Berhad engages in the agri-business in Malaysia and internationally.

FGV Holdings Berhad Competitors

IOI Corporation Berhad

KLSE:IOICORP

RM22.9b

Kuala Lumpur Kepong Berhad

KLSE:KLK

RM22.7b

Genting Plantations Berhad

KLSE:GENP

RM6.0b

United Plantations Berhad

KLSE:UTDPLT

RM5.7b

Price History & Performance

Summary of all time highs, changes and price drops for FGV Holdings Berhad
Historical stock prices
Current Share PriceRM1.48
52 Week HighRM1.67
52 Week LowRM1.16
Beta1.52
1 Month Change-0.67%
3 Month Change3.50%
1 Year Change18.40%
3 Year Change90.97%
5 Year Change-6.33%
Change since IPO-72.08%

Recent News & Updates

Dec 09
We Think FGV Holdings Berhad (KLSE:FGV) Is Taking Some Risk With Its Debt

We Think FGV Holdings Berhad (KLSE:FGV) Is Taking Some Risk With Its Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

FGVMY FoodMY Market
7D-0.7%-3.8%-1.9%
1Y18.4%-11.5%-1.9%

Return vs Industry: FGV exceeded the MY Food industry which returned -11.5% over the past year.

Return vs Market: FGV exceeded the MY Market which returned -1.9% over the past year.

Price Volatility

Is FGV's price volatile compared to industry and market?
FGV volatility
FGV Average Weekly Movement3.5%
Food Industry Average Movement4.9%
Market Average Movement5.6%
10% most volatile stocks in MY Market12.2%
10% least volatile stocks in MY Market2.6%

Stable Share Price: FGV is less volatile than 75% of MY stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: FGV's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
195615,660Mohd Nazrul Bin Mansorhttps://www.fgvholdings.com

FGV Holdings Berhad engages in the agri-business in Malaysia and internationally. The company’s Plantation segment cultivates, harvests, produces, and processes fresh fruit bunches into crude palm oil (CPO) and palm kernel (PK); refines CPO; fractionates refined bleached deodorized palm oil and olein; crushes PK; processes and sells biodiesel products; and produces fatty acids and glycerin, graphene and nanotubes, and consumer bulk and packed products. It is also involved in trading CPO, bulking, and transportation facilities, engineering, information technology, security, and travel operations; rubber processing; research and development activities; processing fertilizers; and selling planting materials.

FGV Holdings Berhad Fundamentals Summary

How do FGV Holdings Berhad's earnings and revenue compare to its market cap?
FGV fundamental statistics
Market CapRM5.40b
Earnings (TTM)RM571.35m
Revenue (TTM)RM16.07b

9.5x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FGV income statement (TTM)
RevenueRM16.07b
Cost of RevenueRM14.06b
Gross ProfitRM2.01b
ExpensesRM1.44b
EarningsRM571.35m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.16
Gross Margin12.51%
Net Profit Margin3.55%
Debt/Equity Ratio67.2%

How did FGV perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

19%

Payout Ratio

Valuation

Is FGV Holdings Berhad undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FGV (MYR1.48) is trading below our estimate of fair value (MYR3.51)

Significantly Below Fair Value: FGV is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FGV is good value based on its PE Ratio (9.5x) compared to the MY Food industry average (13.1x).

PE vs Market: FGV is good value based on its PE Ratio (9.5x) compared to the MY market (15.2x).


Price to Earnings Growth Ratio

PEG Ratio: FGV's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: FGV is overvalued based on its PB Ratio (1.2x) compared to the MY Food industry average (1x).


Future Growth

How is FGV Holdings Berhad forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

-12.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FGV's earnings are forecast to decline over the next 3 years (-12.6% per year).

Earnings vs Market: FGV's earnings are forecast to decline over the next 3 years (-12.6% per year).

High Growth Earnings: FGV's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FGV's revenue is expected to decline over the next 3 years (-2.9% per year).

High Growth Revenue: FGV's revenue is forecast to decline over the next 3 years (-2.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FGV's Return on Equity is forecast to be low in 3 years time (4.2%).


Past Performance

How has FGV Holdings Berhad performed over the past 5 years?

-4.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FGV has high quality earnings.

Growing Profit Margin: FGV became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: FGV has become profitable over the past 5 years, growing earnings by -4.8% per year.

Accelerating Growth: FGV has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: FGV has become profitable in the last year, making it difficult to compare its past year earnings growth to the Food industry (47.5%).


Return on Equity

High ROE: FGV's Return on Equity (10.2%) is considered low.


Financial Health

How is FGV Holdings Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: FGV's short term assets (MYR5.1B) exceed its short term liabilities (MYR4.7B).

Long Term Liabilities: FGV's short term assets (MYR5.1B) do not cover its long term liabilities (MYR6.3B).


Debt to Equity History and Analysis

Debt Level: FGV's net debt to equity ratio (43.4%) is considered high.

Reducing Debt: FGV's debt to equity ratio has increased from 67.1% to 67.2% over the past 5 years.

Debt Coverage: FGV's debt is well covered by operating cash flow (33.9%).

Interest Coverage: FGV's interest payments on its debt are well covered by EBIT (12.6x coverage).


Balance Sheet


Dividend

What is FGV Holdings Berhad current dividend yield, its reliability and sustainability?

2.03%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FGV's dividend (2.03%) is higher than the bottom 25% of dividend payers in the MY market (1.73%).

High Dividend: FGV's dividend (2.03%) is low compared to the top 25% of dividend payers in the MY market (4.67%).


Stability and Growth of Payments

Stable Dividend: FGV has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: FGV has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.2%), FGV's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FGV's dividends in 3 years are forecast to be well covered by earnings (47.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average management tenure


CEO

Mohd Nazrul Bin Mansor (45 yo)

0.25

Tenure

Enick Mohd Nazrul Izam Bin Mansor is Group Chief Executive Officer at FGV Holdings Berhad since August 23, 2021. He had been the Chief Executive Officer of Felcra Berhad since October 22, 2018. He is a tra...


Leadership Team

Experienced Management: FGV's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: FGV's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

FGV Holdings Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: FGV Holdings Berhad
  • Ticker: FGV
  • Exchange: KLSE
  • Founded: 1956
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Market Cap: RM5.399b
  • Shares outstanding: 3.65b
  • Website: https://www.fgvholdings.com

Number of Employees


Location

  • FGV Holdings Berhad
  • Wisma FGV
  • Level 21
  • Kuala Lumpur
  • Wilayah Persekutuan
  • 50350
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 16:03
End of Day Share Price2021/11/30 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.