FRFB.F Stock Overview

Provides feed solutions for conventional and organic livestock farming in the Netherlands, Belgium, Germany, Poland, the United Kingdom, other European countries, and internationally. More details

FRFB.F fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	0/6
Financial Health	4/6
Dividends	3/6

Rewards

Trading at 72.9% below our estimate of its fair value

Earnings are forecast to grow 58.12% per year

Risk Analysis

Shares are highly illiquid

Dividend of 8.44% is not well covered by earnings

My Notes

Capture your thoughts, links and company narrative

ForFarmers N.V. Competitors

Limoneira

NasdaqGS:LMNR

US$451.2m

Village Farms International

NasdaqCM:VFF

US$87.6m

Alico

NasdaqGS:ALCO

US$202.1m

Golden Growers Cooperative

OTCPK:GGRO.U

US$67.4m

Price History & Performance

Summary of share price highs, lows and changes for ForFarmers
Historical stock prices
Current Share Price	€3.17
52 Week High	€3.17
52 Week Low	€3.17
Beta	0.77
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	0%

Recent updates

Shareholder Returns

	FRFB.F	US Food	US Market
7D	0%	0.7%	2.8%
1Y	n/a	-6.0%	24.6%

Return vs Industry: Insufficient data to determine how FRFB.F performed against the US Food industry.

Return vs Market: Insufficient data to determine how FRFB.F performed against the US Market.

Price Volatility

Is FRFB.F's price volatile compared to industry and market?
FRFB.F volatility
FRFB.F Average Weekly Movement	n/a
Food Industry Average Movement	5.1%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.4%
10% least volatile stocks in US Market	3.1%

Stable Share Price: FRFB.F has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine FRFB.F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1896	2,500	Pieter Wolleswinkel	www.forfarmersgroup.eu

ForFarmers N.V. provides feed solutions for conventional and organic livestock farming in the Netherlands, Belgium, Germany, Poland, and the United Kingdom. It offers compound feed and blends, feed for young animals and specialties, raw materials and coproducts, seeds, and fertilizers. The company is involved in production and delivery of feed, as well as engaged in logistics services.

ForFarmers N.V. Fundamentals Summary

How do ForFarmers's earnings and revenue compare to its market cap?
FRFB.F fundamental statistics
Market cap	US$223.26m
Earnings (TTM)	-US$7.94m
Revenue (TTM)	US$3.52b

0.1x

P/S Ratio

-28.1x

P/E Ratio

Is FRFB.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FRFB.F income statement (TTM)
Revenue	€3.32b
Cost of Revenue	€2.88b
Gross Profit	€442.90m
Other Expenses	€450.40m
Earnings	-€7.50m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

Feb 22, 2024

Earnings per share (EPS)	-0.084
Gross Margin	13.32%
Net Profit Margin	-0.23%
Debt/Equity Ratio	43.3%

How did FRFB.F perform over the long term?

See historical performance and comparison

Dividends

8.4%

Current Dividend Yield

-236%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/10/24 11:12
End of Day Share Price	2023/07/27 00:00
Earnings	2023/06/30
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

ForFarmers N.V. is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Maarten Bakker	ABN AMRO Bank N.V.
Fernand de Boer	Degroof Petercam
Patrick Roquas	Kepler Cheuvreux