ForFarmers N.V. provides feed solutions for organic livestock farming in the Netherlands, Germany, Belgium, Poland, the United Kingdom, other European Union countries, and internationally.
Excellent balance sheet with moderate growth potential.
Share Price & News
How has ForFarmers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FFARM has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FFARM underperformed the Dutch Food industry which returned -1.9% over the past year.
Return vs Market: FFARM underperformed the Dutch Market which returned -16.8% over the past year.
Price Volatility Vs. Market
How volatile is ForFarmers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWhat Does ForFarmers N.V.'s (AMS:FFARM) P/E Ratio Tell You?
2 weeks ago | Simply Wall StSome ForFarmers (AMS:FFARM) Shareholders Are Down 33%
1 month ago | Simply Wall StHere's Why We're Wary Of Buying ForFarmers N.V.'s (AMS:FFARM) For Its Upcoming Dividend
Is ForFarmers undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FFARM (€5.78) is trading below our estimate of fair value (€9.86)
Significantly Below Fair Value: FFARM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FFARM is poor value based on its PE Ratio (32.5x) compared to the Food industry average (17.4x).
PE vs Market: FFARM is poor value based on its PE Ratio (32.5x) compared to the Dutch market (14.6x).
Price to Earnings Growth Ratio
PEG Ratio: FFARM is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: FFARM is overvalued based on its PB Ratio (1.4x) compared to the XE Food industry average (1.1x).
How is ForFarmers forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FFARM's forecast earnings growth (24.3% per year) is above the savings rate (0.4%).
Earnings vs Market: FFARM's earnings (24.3% per year) are forecast to grow faster than the Dutch market (20.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FFARM's revenue is expected to decline over the next 3 years (-1.4% per year).
High Growth Revenue: FFARM's revenue is forecast to decline over the next 3 years (-1.4% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FFARM's Return on Equity is forecast to be low in 3 years time (9.8%).
How has ForFarmers performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FFARM has a large one-off loss of €22.3M impacting its December 31 2019 financial results.
Growing Profit Margin: FFARM's current net profit margins (0.7%) are lower than last year (2.4%).
Past Earnings Growth Analysis
Earnings Trend: FFARM's earnings have declined by -5.9% per year over the past 5 years.
Accelerating Growth: FFARM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FFARM had negative earnings growth (-69.8%) over the past year, making it difficult to compare to the Food industry average (-0.9%).
Return on Equity
High ROE: FFARM's Return on Equity (4.3%) is considered low.
How is ForFarmers's financial position?
Financial Position Analysis
Short Term Liabilities: FFARM's short term assets (€393.1M) exceed its short term liabilities (€332.0M).
Long Term Liabilities: FFARM's short term assets (€393.1M) exceed its long term liabilities (€115.1M).
Debt to Equity History and Analysis
Debt Level: FFARM's debt to equity ratio (16.7%) is considered satisfactory.
Reducing Debt: FFARM's debt to equity ratio has increased from 14.2% to 16.7% over the past 5 years.
Debt Coverage: FFARM's debt is well covered by operating cash flow (137.8%).
Interest Coverage: FFARM's interest payments on its debt are well covered by EBIT (18.8x coverage).
What is ForFarmers's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FFARM's dividend (3.29%) is higher than the bottom 25% of dividend payers in the Dutch market (2.64%).
High Dividend: FFARM's dividend (3.29%) is low compared to the top 25% of dividend payers in the Dutch market (7.5%).
Stability and Growth of Payments
Stable Dividend: FFARM has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: FFARM has only been paying a dividend for 3 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (106.7%), FFARM's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FFARM's dividends in 3 years are forecast to be well covered by earnings (48.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Yoram Knoop (50yo)
Mr. Yoram Knoop has been Chief Executive Officer and Member of Management Board at ForFarmers N.V. (formerly known as ForFarmers B.V.) since January 2014 and serves as its Chairman of Executive Board and G ...
CEO Compensation Analysis
Compensation vs Market: Yoram's total compensation ($USD1.07M) is about average for companies of similar size in the Dutch market ($USD1.22M).
Compensation vs Earnings: Yoram's compensation has been consistent with company performance over the past year.
|Chairman of Executive Board||6.33yrs||€979.47k||0.34% €1.9m|
|COO of Germany/Poland & Member of Executive Board||1.08yrs||€446.58k||0.023% €128.1k|
|CFO & Member of Executive Board||0.083yr||no data||0.027% €150.5k|
|Director of Investor Relations & Communications||no data||no data||no data|
|Chief Operating Officer of United Kingdom||2.33yrs||no data||no data|
|Chief Operating Officer of Netherlands||1.33yrs||no data||no data|
|Chief Operating Officer of Reudink||1.33yrs||no data||no data|
Experienced Management: FFARM's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
|Independent Chairman of Supervisory Board||2.08yrs||€77.37k||no data|
|Independent Vice Chairwoman of Supervisory Board||3.08yrs||€63.41k||0.023% €126.8k|
|Member of Supervisory Board||5.67yrs||€50.02k||0.0089% €50.0k|
|Independent Member of Supervisory Board||5.33yrs||€51.82k||no data|
|Member of Supervisory Board||2.33yrs||€50.62k||no data|
|Member of Supervisory Board||0.083yr||no data||no data|
Experienced Board: FFARM's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
ForFarmers N.V.'s company bio, employee growth, exchange listings and data sources
- Name: ForFarmers N.V.
- Ticker: FFARM
- Exchange: ENXTAM
- Founded: 1896
- Industry: Agricultural Products
- Sector: Food, Beverage & Tobacco
- Market Cap: €558.874m
- Shares outstanding: 96.69m
- Website: https://www.forfarmersgroup.eu
Number of Employees
- ForFarmers N.V.
- Kwinkweerd 12
- 7241 CW
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FFARM||ENXTAM (Euronext Amsterdam)||Yes||Ordinary Shares||NL||EUR||May 2016|
|FFARMA||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||May 2016|
|0RHZ||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||May 2016|
|5FF||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||May 2016|
ForFarmers N.V. provides feed solutions for organic livestock farming in the Netherlands, Germany, Belgium, Poland, the United Kingdom, other European Union countries, and internationally. The company offers compound feeds, animal feeds, liquid co-products, loose raw materials, seeds, and fertilizers. The company was founded in 1896 and is headquartered in Lochem, the Netherlands.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/25 23:45|
|End of Day Share Price||2020/05/25 00:00|
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.