ForFarmers NV
AEX:FFARM

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ForFarmers NV
AEX:FFARM
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Price: 4.5 EUR -0.66%
Market Cap: 401.8m EUR

Relative Value

The Relative Value of one FFARM stock under the Base Case scenario is 11.6 EUR. Compared to the current market price of 4.5 EUR, ForFarmers NV is Undervalued by 61%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

FFARM Relative Value
Base Case
11.6 EUR
Undervaluation 61%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
31
vs Industry
90
Median 3Y
0.1
Median 5Y
0.1
Industry
1
Forward
0.1
vs History
76
vs Industry
42
Median 3Y
11.9
Median 5Y
15.5
Industry
16.7
Forward
8.7
vs History
65
vs Industry
50
Median 3Y
3.3
Median 5Y
4.3
Industry
10.4
vs History
63
vs Industry
43
Median 3Y
5
Median 5Y
6.8
Industry
17.1
vs History
7
vs Industry
50
Median 3Y
0.8
Median 5Y
0.9
Industry
1.5
vs History
34
vs Industry
90
Median 3Y
0.1
Median 5Y
0.1
Industry
1.2
Forward
0.1
vs History
38
vs Industry
86
Median 3Y
0.7
Median 5Y
0.8
Industry
4.9
vs History
95
vs Industry
59
Median 3Y
4.8
Median 5Y
4.8
Industry
10.5
Forward
3.7
vs History
95
vs Industry
40
Median 3Y
12.5
Median 5Y
12.5
Industry
13.8
Forward
6.1
vs History
77
vs Industry
47
Median 3Y
4.3
Median 5Y
4.7
Industry
11.5
vs History
73
vs Industry
34
Median 3Y
7.8
Median 5Y
7.8
Industry
15.5
vs History
50
vs Industry
49
Median 3Y
0.7
Median 5Y
0.7
Industry
1.2

Multiples Across Competitors

FFARM Competitors Multiples
ForFarmers NV Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
NL
ForFarmers NV
AEX:FFARM
399.5m EUR 0.1 7.8 3.4 6.1
US
Archer-Daniels-Midland Co
XETRA:ADM
24.4B EUR 0.3 26.2 13.2 22.9
US
Bunge Ltd
NYSE:BG
15.4B USD 0.3 11.2 8.6 11.1
SG
Wilmar International Ltd
SGX:F34
18.1B SGD 0.2 11.9 3.9 6.1
CN
Tongwei Co Ltd
SSE:600438
93.6B CNY 1.1 -10.6 -17.1 -17.1
MY
Sime Darby Plantation Bhd
KLSE:SIMEPLT
36.7B MYR 2 19.7 12 21.2
US
Ingredion Inc
NYSE:INGR
7.9B USD 1.1 11.6 6.7 8.1
CN
New Hope Liuhe Co Ltd
SZSE:000876
44.9B CNY 0.4 18.9 20.7 20.7
MY
IOI Corporation Bhd
KLSE:IOICORP
24.3B MYR 2.1 16 14.7 19.2
MY
Kuala Lumpur Kepong Bhd
KLSE:KLK
22.3B MYR 0.9 30.7 9.9 14.9
US
Darling Ingredients Inc
NYSE:DAR
4.9B USD 0.9 46.9 10.5 26.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NL
ForFarmers NV
AEX:FFARM
Average EV/EBITDA: 10.4
3.4
14%
0.2
US
A
Archer-Daniels-Midland Co
XETRA:ADM
13.2
11%
1.2
US
Bunge Ltd
NYSE:BG
8.6
11%
0.8
SG
Wilmar International Ltd
SGX:F34
3.9
6%
0.6
CN
Tongwei Co Ltd
SSE:600438
Negative Multiple: -17.1 N/A N/A
MY
S
Sime Darby Plantation Bhd
KLSE:SIMEPLT
12
N/A N/A
US
Ingredion Inc
NYSE:INGR
6.7
4%
1.7
CN
New Hope Liuhe Co Ltd
SZSE:000876
20.7
91%
0.2
MY
IOI Corporation Bhd
KLSE:IOICORP
14.7
N/A N/A
MY
K
Kuala Lumpur Kepong Bhd
KLSE:KLK
9.9
8%
1.2
US
Darling Ingredients Inc
NYSE:DAR
10.5
23%
0.5