We’ve recently updated our valuation analysis.

Whole Earth Brands Valuation

Is FREE 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

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

FREE 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/Revenue1.1x
Enterprise Value/EBITDA14.4x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FREE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.6x
RGF Real Good Food Company
10.1x68.4%US$186.9m
SDSY.A South Dakota Soybean Processors
4.1xn/aUS$235.7m
BRID Bridgford Foods
2.6xn/aUS$101.1m
PME Pingtan Marine Enterprise
41.4xn/aUS$51.0m
FREE Whole Earth Brands
141.3x114.2%US$160.8m

Price-To-Earnings vs Peers: FREE is expensive based on its Price-To-Earnings Ratio (141.3x) compared to the peer average (14.6x).


Price to Earnings Ratio vs Industry

How does FREE's PE Ratio compare vs other companies in the US Food Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.9%
n/an/an/a

Price-To-Earnings vs Industry: FREE is expensive based on its Price-To-Earnings Ratio (141.3x) compared to the US Food industry average (19.1x)


Price to Earnings Ratio vs Fair Ratio

What is FREE'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.

FREE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio141.3x
Fair PE Ratio84.2x

Price-To-Earnings vs Fair Ratio: FREE is expensive based on its Price-To-Earnings Ratio (141.3x) compared to the estimated Fair Price-To-Earnings Ratio (84.2x).


Share Price vs Fair Value

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

Below Fair Value: FREE ($3.83) is trading below our estimate of fair value ($42.01)

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


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 FREE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$3.83
US$10.00
+161.1%
27.1%US$15.00US$7.00n/a6
Nov ’23US$3.46
US$12.33
+256.5%
20.2%US$16.00US$9.00n/a6
Oct ’23US$3.84
US$12.50
+225.5%
21.0%US$16.00US$9.00n/a6
Sep ’23US$5.01
US$13.00
+159.5%
19.9%US$16.00US$9.00n/a6
Aug ’23US$5.47
US$14.14
+158.6%
19.8%US$19.00US$10.00n/a7
Jul ’23US$6.28
US$14.14
+125.2%
19.8%US$19.00US$10.00n/a7
Jun ’23US$7.25
US$14.57
+101.0%
20.4%US$19.00US$10.00n/a7
May ’23US$6.91
US$15.71
+127.4%
17.2%US$19.00US$12.00n/a7
Apr ’23US$7.27
US$15.71
+116.2%
17.2%US$19.00US$12.00n/a7
Mar ’23US$9.10
US$20.96
+130.4%
14.2%US$25.00US$16.00n/a7
Feb ’23US$9.65
US$20.96
+117.2%
14.2%US$25.00US$16.00n/a7
Jan ’23US$10.74
US$20.96
+95.2%
14.2%US$25.00US$16.00n/a7
Dec ’22US$10.38
US$21.79
+109.9%
10.8%US$25.00US$19.00n/a6
Nov ’22US$12.25
US$21.79
+77.9%
10.8%US$25.00US$19.00US$3.466
Oct ’22US$11.46
US$21.79
+90.2%
10.8%US$25.00US$19.00US$3.846
Sep ’22US$12.66
US$21.46
+69.5%
12.6%US$25.00US$18.00US$5.016
Aug ’22US$12.86
US$21.75
+69.1%
14.3%US$26.50US$18.00US$5.476
Jul ’22US$14.35
US$22.10
+54.0%
14.9%US$26.50US$18.00US$6.285
Jun ’22US$13.17
US$22.08
+67.7%
13.6%US$26.50US$18.00US$7.256
May ’22US$13.50
US$21.50
+59.3%
11.6%US$25.00US$18.00US$6.916
Apr ’22US$13.44
US$21.50
+60.0%
11.6%US$25.00US$18.00US$7.276
Mar ’22US$13.52
US$20.17
+49.2%
8.8%US$22.00US$17.00US$9.106
Feb ’22US$11.75
US$19.50
+66.0%
9.2%US$22.00US$17.00US$9.654
Jan ’22US$10.90
US$21.67
+98.8%
9.5%US$24.00US$19.00US$10.743
Dec ’21US$9.02
US$19.00
+110.6%
21.1%US$23.00US$15.00US$10.382
Nov ’21US$8.19
US$15.00
+83.2%
0%US$15.00US$15.00US$12.251

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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