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RFM

RFM PSE:RFM Stock Report

Last Price

₱3.99

Market Cap

₱13.4b

7D

-0.3%

1Y

-13.8%

Updated

30 Jun, 2022

Data

Company Financials
RFM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends5/6

RFM Stock Overview

RFM Corporation, together with its subsidiaries, manufactures, processes, and sells food and beverage products to institutions and consumers in the Philippines and internationally.

RFM Competitors

Price History & Performance

Summary of all time highs, changes and price drops for RFM
Historical stock prices
Current Share Price₱3.99
52 Week High₱4.75
52 Week Low₱3.96
Beta0.14
1 Month Change-6.99%
3 Month Change-9.11%
1 Year Change-13.82%
3 Year Change-18.57%
5 Year Change-8.90%
Change since IPO50.57%

Recent News & Updates

Shareholder Returns

RFMPH FoodPH Market
7D-0.3%2.6%1.9%
1Y-13.8%-28.5%-7.6%

Return vs Industry: RFM exceeded the PH Food industry which returned -28.5% over the past year.

Return vs Market: RFM underperformed the PH Market which returned -7.6% over the past year.

Price Volatility

Is RFM's price volatile compared to industry and market?
RFM volatility
RFM Average Weekly Movement4.1%
Food Industry Average Movement6.3%
Market Average Movement5.3%
10% most volatile stocks in PH Market10.1%
10% least volatile stocks in PH Market3.0%

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

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

About the Company

FoundedEmployeesCEOWebsite
1957507Jose Maria Concepcionhttps://www.rfmfoods.com

RFM Corporation, together with its subsidiaries, manufactures, processes, and sells food and beverage products to institutions and consumers in the Philippines and internationally. It operates through Consumer Business, Institutional Business, and Other Operations segments. The company offers flour products, hamburger buns, English muffins, rice-based products, spaghetti sauces, margarine, and other bakery products; ready to drink juices, tea, milk and choco milk, flavored milk, and functional drinks; and ice cream products.

RFM Fundamentals Summary

How do RFM's earnings and revenue compare to its market cap?
RFM fundamental statistics
Market Cap₱13.44b
Earnings (TTM)₱1.32b
Revenue (TTM)₱17.44b

10.2x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RFM income statement (TTM)
Revenue₱17.44b
Cost of Revenue₱11.38b
Gross Profit₱6.06b
Other Expenses₱4.74b
Earnings₱1.32b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.39
Gross Margin34.74%
Net Profit Margin7.58%
Debt/Equity Ratio2.3%

How did RFM perform over the long term?

See historical performance and comparison

Dividends

6.0%

Current Dividend Yield

61%

Payout Ratio

Does RFM pay a reliable dividends?

See RFM dividend history and benchmarks
When do you need to buy RFM by to receive an upcoming dividend?
RFM dividend dates
Ex Dividend DateJul 06 2022
Dividend Pay DateAug 04 2022
Days until Ex dividend5 days
Days until Dividend pay date34 days

Does RFM pay a reliable dividends?

See RFM dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

RFM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA5.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

RFM PE Ratio vs Peers
The above table shows the PE ratio for RFM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.7x
AXLM Axelum Resources
11.5xn/a₱8.7b
VMC Victorias Milling Company
7xn/a₱6.9b
CAT Central Azucarera de Tarlac
44.4xn/a₱2.4b
CNPF Century Pacific Food
16x15.0%₱77.0b
RFM RFM
10.2xn/a₱13.4b

Price-To-Earnings vs Peers: RFM is good value based on its Price-To-Earnings Ratio (10.2x) compared to the peer average (19.7x).


Price to Earnings Ratio vs Industry

How does RFM's PE Ratio compare vs other companies in the Asian Food Industry?

Price-To-Earnings vs Industry: RFM is good value based on its Price-To-Earnings Ratio (10.2x) compared to the PH Food industry average (15.4x)


Price to Earnings Ratio vs Fair Ratio

What is RFM'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.

RFM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate RFM's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of RFM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RFM (₱3.99) is trading above our estimate of fair value (₱3.29)

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


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RFM's PEG Ratio to determine if it is good value.


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Future Growth

How is RFM forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


23.0%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as RFM has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine RFM's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has RFM performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


6.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RFM has high quality earnings.

Growing Profit Margin: RFM's current net profit margins (7.6%) are lower than last year (8.8%).


Past Earnings Growth Analysis

Earnings Trend: RFM's earnings have grown by 6.8% per year over the past 5 years.

Accelerating Growth: RFM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: RFM had negative earnings growth (-5.2%) over the past year, making it difficult to compare to the Food industry average (19.3%).


Return on Equity

High ROE: RFM's Return on Equity (10%) is considered low.


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Financial Health

How is RFM's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: RFM's short term assets (₱8.0B) exceed its short term liabilities (₱5.7B).

Long Term Liabilities: RFM's short term assets (₱8.0B) exceed its long term liabilities (₱824.0M).


Debt to Equity History and Analysis

Debt Level: RFM has more cash than its total debt.

Reducing Debt: RFM's debt to equity ratio has reduced from 4.3% to 2.3% over the past 5 years.

Debt Coverage: RFM's debt is well covered by operating cash flow (440.6%).

Interest Coverage: RFM's interest payments on its debt are well covered by EBIT (159.6x coverage).


Balance Sheet


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Dividend

What is RFM current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.03%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 30 2022Ex Dividend DateJul 06 2022Dividend Pay DateAug 04 202229 days from Ex DividendBuy in the next 5 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: RFM's dividend (6.03%) is higher than the bottom 25% of dividend payers in the PH market (1.52%).

High Dividend: RFM's dividend (6.03%) is in the top 25% of dividend payers in the PH market (4.8%)


Stability and Growth of Payments

Stable Dividend: RFM's dividend payments have been volatile in the past 10 years.

Growing Dividend: RFM's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (61.4%), RFM's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (83.9%), RFM's dividend payments are covered by cash flows.


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Management

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

5.1yrs

Average management tenure


CEO

Jose Maria Concepcion (63 yo)

33.42yrs

Tenure

Mr. Jose Maria A. Concepcion, III, has been the Chief Executive Officer and President of RFM Corp., since 1989 and serves as its Chairman of the Board. Mr. Concepcion also serves as Chief Executive Officer...


Leadership Team

Experienced Management: RFM's management team is seasoned and experienced (5.1 years average tenure).


Board Members

Experienced Board: RFM's board of directors are seasoned and experienced ( 34.2 years average tenure).


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

RFM Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: RFM Corporation
  • Ticker: RFM
  • Exchange: PSE
  • Founded: 1957
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: ₱13.445b
  • Shares outstanding: 3.37b
  • Website: https://www.rfmfoods.com

Number of Employees


Location

  • RFM Corporation
  • RFM Corporate Center
  • Corner Pioneer and Sheridan Streets
  • Mandaluyong City
  • 1550
  • Philippines

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/30 00:00
End of Day Share Price2022/06/30 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.