OTCPK:FNEV.F

Stock Analysis Report

Executive Summary

Fraser and Neave, Limited engages in the food and beverage, and publishing and printing businesses in Malaysia, Singapore, Thailand, Taiwan, India, Australia, New Zealand, the United States, and the United Kingdom.

Snowflake

Fundamentals

Undervalued with excellent balance sheet.

Risks

  • Fraser and Neave is covered by less than 3 analysts.

Share Price & News

How has Fraser and Neave's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:FNEV.F

1.8%

US Food

2.9%

US Market


1 Year Return

n/a

OTCPK:FNEV.F

-0.3%

US Food

0.2%

US Market

No trading data on FNEV.F.

No trading data on FNEV.F.


Share holder returns

FNEV.FIndustryMarket
7 Day0%1.8%2.9%
30 Dayn/a-1.0%-2.3%
90 Dayn/a2.6%3.1%
1 Yearn/a2.7%-0.3%2.4%0.2%
3 Year-18.9%-18.9%-6.9%-15.0%41.7%32.4%
5 Year-48.2%-48.2%41.0%24.2%55.1%37.9%

Price Volatility Vs. Market

How volatile is Fraser and Neave's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Fraser and Neave undervalued based on future cash flows and its price relative to the stock market?

42%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Fraser and Neave's share price is below the future cash flow value, and at a moderate discount (> 20%).

Fraser and Neave's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Fraser and Neave is good value based on earnings compared to the US Food industry average.

Fraser and Neave is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Fraser and Neave earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Fraser and Neave is good value based on assets compared to the US Food industry average.


Next Steps

Future Growth

How is Fraser and Neave expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

-3.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Fraser and Neave's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Fraser and Neave's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Fraser and Neave's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Fraser and Neave's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Fraser and Neave's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Fraser and Neave will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Fraser and Neave performed over the past 5 years?

37.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Fraser and Neave has delivered over 20% year on year earnings growth in the past 5 years.

Fraser and Neave's 1-year earnings growth exceeds its 5-year average (87.9% vs 37.9%)

Fraser and Neave's earnings growth has exceeded the US Food industry average in the past year (87.9% vs -19.4%).


Return on Equity

Fraser and Neave has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Fraser and Neave used its assets less efficiently than the US Food industry average last year based on Return on Assets.


Return on Capital Employed

Fraser and Neave has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Fraser and Neave's financial position?


Financial Position Analysis

Fraser and Neave is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Fraser and Neave's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Fraser and Neave's level of debt (24.7%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (7.3% vs 24.7% today).

Debt is well covered by operating cash flow (25.9%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 9.5x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.2x debt.


Next Steps

Dividend

What is Fraser and Neave's current dividend yield, its reliability and sustainability?

2.96%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Fraser and Neave's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Fraser and Neave's dividend is below the markets top 25% of dividend payers in United States of America (3.85%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.5x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Fraser and Neave's salary, the management and board of directors tenure and is there insider trading?

4.7yrs

Average management tenure


CEO

Peng Yim Siew (51yo)

4.8yrs

Tenure

S$662,855

Compensation

Mr. Peng Yim Siew serves as Chief Executive Officer of Times Publishing Group at Fraser and Neave, Limited. Mr. Siew has been the Chief Operating Officer and Chief Financial Officer of Times Publishing Ltd ...


CEO Compensation Analysis

Peng Yim's remuneration is lower than average for companies of similar size in United States of America.

Insufficient data for Peng Yim to compare compensation growth.


Management Age and Tenure

4.7yrs

Average Tenure

53.5yo

Average Age

The tenure for the Fraser and Neave management team is about average.


Board Age and Tenure

6.4yrs

Average Tenure

71yo

Average Age

The tenure for the Fraser and Neave board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Peng Yim Siew (51yo)

    Chief Executive Officer of Times Publishing Group

    • Tenure: 4.8yrs
    • Compensation: S$662.86k
  • Poh Tiong Koh (73yo)

    Non-Executive & Non-Independent Director and Adviser to the Board

    • Tenure: 6.3yrs
    • Compensation: S$2.13m
  • Choon Kit Hui (54yo)

    CFO & Company Secretary

    • Tenure: 6.8yrs
    • Compensation: S$1.04m
  • Edmond Neo (54yo)

    Chief Executive Officer of Beer

    • Tenure: 2.8yrs
  • Meng Tat Lee (56yo)

    Chief Executive Officer of Non-Alcoholic Beverages

    • Tenure: 4.3yrs
    • Compensation: S$1.28m
  • Kah Shen Lai (45yo)

    Financial Controller of F&B Division

    • Tenure: 0.0yrs
  • Yew Lim (53yo)

    Chief Executive Officer of Fraser & Neave Holdings Bhd

    • Tenure: 4.7yrs
    • Compensation: S$1.19m
  • Jennifer Yu

    Head of Investor Relations

    • Tenure: 0.0yrs
  • Josephine Woo

    First Vice President of Group Human Captial

    • Tenure: 0.0yrs
  • Peng Yap (51yo)

    Head of Research & Development

    • Tenure: 0.0yrs

Board Members

  • Timothy Chia (69yo)

    Non-Executive & Independent Director

    • Tenure: 5.6yrs
    • Compensation: S$146.00k
  • Siripen Sitasuwan (70yo)

    Non-Executive & Independent Director

    • Tenure: 6.3yrs
    • Compensation: S$175.00k
  • Poh Tiong Koh (73yo)

    Non-Executive & Non-Independent Director and Adviser to the Board

    • Tenure: 6.3yrs
    • Compensation: S$2.13m
  • Syed Badarudin Jamalullail Ibni A. Tuanku Syed Putra Jamalullail (74yo)

    Lead Independent & Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: S$134.00k
  • Charoen Sirivadhanabhakdi (75yo)

    Non-Executive & Non-Independent Chairman

    • Tenure: 6.5yrs
  • Thapana Sirivadhanabhakdi (44yo)

    Non-Independent & Non-Executive Director

    • Tenure: 6.5yrs
    • Compensation: S$162.00k
  • Sithichai Chaikriangkrai (65yo)

    Non-Executive & Non-Independent Director

    • Tenure: 6.5yrs
    • Compensation: S$158.00k
  • Khunying Wanna Sirivadhanabhakdi (76yo)

    Non-Independent & Non-Executive Vice-Chairman

    • Tenure: 6.5yrs
  • Chotiphat Bijananda (55yo)

    Non-Executive & Non-Independent Director

    • Tenure: 6.5yrs
    • Compensation: S$79.00k
  • Heng Wing Chan (72yo)

    Independent & Non-Executive Director

    • Tenure: 1.6yrs
    • Compensation: S$58.23k

Company Information

Fraser and Neave, Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fraser and Neave, Limited
  • Ticker: FNEV.F
  • Exchange: OTCPK
  • Founded: 1883
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: S$2.449b
  • Listing Market Cap: S$1.770b
  • Shares outstanding: 1.45b
  • Website: https://www.fraserandneave.com

Number of Employees


Location

  • Fraser and Neave, Limited
  • No. 20-00 Alexandra Point
  • 438 Alexandra Road
  • Singapore
  • 119958
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FNEV.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1981
F99SGX (Singapore Exchange)YesOrdinary SharesSGSGDJan 1981
FNV2DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1981
FNV1XTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1981
FNEV.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDNov 2008

Biography

Fraser and Neave, Limited engages in the food and beverage, and publishing and printing businesses in Malaysia, Singapore, Thailand, Taiwan, India, Australia, New Zealand, the United States, and the United ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 23:51
End of Day Share Price2019/08/12 00:00
Earnings2019/06/30
Annual Earnings2018/09/30


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.