Fraser and Neave Ltd
SGX:F99

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Fraser and Neave Ltd Logo
Fraser and Neave Ltd
SGX:F99
Watchlist
Price: 1.48 SGD -1.33% Market Closed
Market Cap: 2.2B SGD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+16%
5Y
+27%
10Y
+10%
Operating Income
+
3Y
+69%
5Y
+62%
10Y
+181%
Net Income
+
3Y
+13%
5Y
-5%
10Y
-78%

Earnings Waterfall
Fraser and Neave Ltd

Revenue
2.3B SGD
Cost of Revenue
-1.6B SGD
Gross Profit
727.5m SGD
Operating Expenses
-500.2m SGD
Operating Income
227.3m SGD
Other Expenses
-86m SGD
Net Income
141.3m SGD

Income Statement
Fraser and Neave Ltd

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Income Statement
Currency: SGD
Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Sep-2020 Mar-2021 Sep-2021 Mar-2022 Sep-2022 Mar-2023 Sep-2023 Mar-2024 Sep-2024 Mar-2025 Sep-2025
Revenue
Interest Expense
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
44
0
0
0
72
0
0
0
34
0
0
0
14
0
0
0
6
0
0
0
5
0
0
0
16
0
0
0
30
0
0
0
22
0
0
25
0
25
0
26
0
37
0
42
0
0
Revenue
3 446
N/A
3 608
+5%
3 702
+3%
3 907
+6%
4 270
+9%
3 364
-21%
3 323
-1%
3 223
-3%
3 796
+18%
3 954
+4%
4 213
+7%
4 594
+9%
4 738
+3%
4 943
+4%
4 995
+1%
4 897
-2%
4 951
+1%
4 922
-1%
4 810
-2%
4 919
+2%
5 333
+8%
5 315
0%
5 604
+5%
5 704
+2%
5 697
0%
5 795
+2%
5 795
0%
5 755
-1%
6 274
+9%
3 875
-38%
3 333
-14%
2 928
-12%
3 596
+23%
3 355
-7%
3 145
-6%
2 767
-12%
4 344
+57%
2 322
-47%
2 344
+1%
2 378
+1%
2 421
+2%
2 047
-15%
1 956
-4%
1 880
-4%
2 121
+13%
2 065
-3%
2 045
-1%
2 027
-1%
1 979
-2%
1 994
+1%
1 967
-1%
1 921
-2%
1 898
-1%
1 866
-2%
1 866
+0%
1 842
-1%
1 835
0%
1 837
+0%
1 852
+1%
1 883
+2%
1 902
+1%
1 943
+2%
1 947
+0%
1 834
-6%
2 822
+54%
1 879
-33%
1 901
+1%
2 003
+5%
2 039
+2%
2 099
+3%
2 125
+1%
2 162
+2%
2 304
+7%
2 323
+1%
Gross Profit
Cost of Revenue
(2 189)
(2 326)
(2 382)
(2 526)
(2 842)
(2 322)
(2 315)
(2 274)
(2 556)
(2 675)
(2 862)
(3 139)
(3 205)
(3 345)
(3 344)
(3 228)
(3 295)
(3 240)
(3 167)
(3 243)
(3 558)
(3 540)
(3 693)
(3 764)
(3 709)
(3 764)
(3 775)
(3 728)
(4 162)
(2 699)
(2 381)
(2 138)
(2 412)
(2 255)
(2 120)
(1 869)
(2 906)
(1 534)
(1 544)
(1 566)
(1 598)
(1 420)
(1 372)
(1 330)
(1 425)
(1 366)
(1 328)
(1 284)
(1 250)
(1 245)
(1 234)
(1 228)
(1 237)
(1 243)
(1 267)
(1 264)
(1 252)
(1 241)
(1 245)
(1 260)
(1 279)
(1 305)
(1 308)
(1 238)
(1 907)
(1 296)
(1 351)
(1 429)
(1 454)
(1 476)
(1 446)
(1 473)
(1 590)
(1 595)
Gross Profit
1 257
N/A
1 282
+2%
1 320
+3%
1 381
+5%
1 428
+3%
1 042
-27%
1 008
-3%
948
-6%
1 240
+31%
1 280
+3%
1 351
+6%
1 455
+8%
1 533
+5%
1 598
+4%
1 651
+3%
1 669
+1%
1 657
-1%
1 681
+1%
1 643
-2%
1 676
+2%
1 775
+6%
1 775
0%
1 911
+8%
1 940
+2%
1 988
+2%
2 031
+2%
2 019
-1%
2 027
+0%
2 112
+4%
1 176
-44%
952
-19%
790
-17%
1 184
+50%
1 100
-7%
1 025
-7%
898
-12%
1 438
+60%
788
-45%
800
+2%
812
+2%
823
+1%
626
-24%
584
-7%
551
-6%
696
+26%
699
+0%
717
+3%
743
+4%
728
-2%
749
+3%
733
-2%
694
-5%
661
-5%
622
-6%
599
-4%
578
-3%
583
+1%
595
+2%
607
+2%
623
+3%
624
+0%
638
+2%
640
+0%
596
-7%
915
+54%
583
-36%
549
-6%
574
+4%
585
+2%
623
+7%
678
+9%
689
+2%
713
+4%
727
+2%
Operating Income
Operating Expenses
(814)
(826)
(860)
(879)
(872)
(584)
(535)
(467)
(677)
(688)
(709)
(772)
(849)
(877)
(933)
(931)
(927)
(969)
(956)
(964)
(990)
(930)
(947)
(954)
(990)
(1 025)
(1 052)
(1 083)
(1 070)
(582)
(494)
(420)
(721)
(707)
(669)
(616)
(733)
(587)
(571)
(567)
(563)
(503)
(518)
(521)
(615)
(609)
(619)
(635)
(603)
(629)
(620)
(600)
(567)
(535)
(511)
(484)
(458)
(456)
(457)
(457)
(465)
(476)
(482)
(455)
(672)
(427)
(424)
(440)
(456)
(470)
(476)
(482)
(496)
(500)
Selling, General & Administrative
(814)
(826)
(860)
(879)
(872)
(584)
(535)
(467)
(677)
(694)
(742)
(810)
(901)
(930)
(965)
(961)
(940)
(995)
(977)
(986)
(1 007)
(939)
(973)
(986)
(1 012)
(1 046)
(1 069)
(1 101)
(1 081)
(574)
(479)
(406)
(736)
(714)
(671)
(616)
(734)
(587)
(597)
(595)
(596)
(541)
(531)
(533)
(622)
(616)
(628)
(642)
(613)
(638)
(629)
(610)
(576)
(542)
(517)
(488)
(467)
(466)
(468)
(468)
(473)
(484)
(489)
(477)
(703)
(440)
(431)
(445)
(465)
(475)
(482)
(492)
(505)
(505)
Other Operating Expenses
0
0
0
0
0
0
0
0
0
7
33
38
52
54
32
31
13
26
22
22
17
9
26
32
22
21
17
18
12
(8)
(14)
(15)
15
8
1
0
1
0
26
28
33
38
13
13
6
7
8
8
10
9
9
10
9
7
6
5
9
10
11
11
8
8
7
22
31
13
7
6
9
6
5
10
8
5
Operating Income
444
N/A
456
+3%
460
+1%
502
+9%
556
+11%
458
-18%
472
+3%
481
+2%
563
+17%
592
+5%
642
+9%
683
+6%
684
+0%
722
+5%
718
-1%
739
+3%
730
-1%
712
-2%
687
-4%
712
+4%
785
+10%
845
+8%
964
+14%
987
+2%
998
+1%
1 006
+1%
968
-4%
944
-2%
1 043
+10%
594
-43%
458
-23%
370
-19%
463
+25%
394
-15%
355
-10%
283
-21%
705
+150%
201
-72%
229
+14%
245
+7%
261
+6%
124
-53%
66
-46%
30
-54%
81
+167%
90
+11%
98
+9%
108
+11%
125
+15%
120
-4%
113
-6%
94
-17%
94
+0%
87
-8%
88
+1%
95
+8%
125
+33%
139
+11%
149
+8%
166
+11%
159
-4%
162
+2%
158
-3%
141
-11%
243
+73%
156
-36%
125
-20%
134
+7%
128
-4%
154
+20%
202
+32%
207
+2%
217
+5%
227
+5%
Pre-Tax Income
Interest Income Expense
107
82
91
85
37
5
(18)
(27)
(20)
(32)
(13)
(18)
(23)
(26)
(26)
(28)
43
39
(11)
(16)
(164)
(148)
(68)
(60)
143
162
137
149
188
168
160
167
382
366
370
371
381
62
57
50
25
24
20
23
47
57
56
60
62
61
62
1 291
1 271
1 277
1 282
72
69
80
100
91
96
98
100
104
143
82
86
75
82
90
72
58
51
47
Non-Reccuring Items
21
22
28
5
30
31
32
31
34
33
40
41
12
18
3
(3)
(36)
(34)
(27)
(13)
(6)
(9)
31
12
32
132
94
154
182
75
64
19
35
(48)
(113)
(113)
(182)
(128)
(63)
(68)
(100)
(102)
(97)
(97)
(28)
(27)
(28)
(27)
(0)
(2)
(2)
(7)
(26)
(25)
(24)
(19)
4
4
3
13
12
11
11
(0)
(1)
(8)
(15)
(7)
2
(20)
(20)
(0)
(3)
(9)
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3
0
0
Total Other Income
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
0
0
0
0
(0)
(0)
0
0
0
(0)
(0)
(21)
(0)
(1)
(0)
4
0
0
0
0
0
0
0
2
0
0
0
2
0
(0)
(0)
2
(0)
0
0
2
0
0
0
2
0
0
(0)
0
(0)
0
(0)
0
(0)
0
(0)
3
0
Pre-Tax Income
571
N/A
560
-2%
579
+3%
592
+2%
622
+5%
494
-21%
486
-2%
485
0%
577
+19%
593
+3%
670
+13%
706
+5%
673
-5%
714
+6%
695
-3%
708
+2%
737
+4%
718
-3%
650
-9%
684
+5%
616
-10%
689
+12%
927
+35%
939
+1%
1 172
+25%
1 300
+11%
1 199
-8%
1 246
+4%
1 413
+13%
837
-41%
682
-19%
556
-18%
859
+54%
711
-17%
612
-14%
541
-12%
908
+68%
134
-85%
224
+67%
227
+2%
185
-19%
46
-75%
(11)
N/A
(44)
-298%
102
N/A
120
+18%
125
+4%
141
+13%
188
+33%
178
-5%
172
-3%
1 378
+699%
1 340
-3%
1 340
0%
1 347
+1%
148
-89%
200
+36%
222
+11%
252
+13%
271
+7%
268
-1%
272
+1%
269
-1%
244
-9%
385
+58%
230
-40%
197
-15%
202
+3%
213
+5%
224
+5%
254
+13%
267
+5%
267
0%
265
-1%
Net Income
Tax Provision
(141)
(137)
(145)
(156)
(171)
(133)
(134)
(123)
(145)
(144)
(160)
(177)
(174)
(183)
(176)
(170)
(169)
(174)
(165)
(181)
(174)
(184)
(214)
(217)
(270)
(282)
(279)
(274)
(299)
(152)
(90)
(66)
(100)
(87)
(104)
(95)
(145)
(47)
(49)
(42)
(50)
(21)
(8)
(6)
(19)
(20)
(20)
(21)
(23)
(20)
(17)
(11)
(15)
(14)
(15)
(14)
(20)
(27)
(35)
(48)
(56)
(57)
(59)
(37)
(60)
(35)
(26)
(25)
(18)
(19)
(34)
(48)
(49)
(55)
Income from Continuing Operations
430
424
435
436
451
361
352
363
432
449
510
530
498
531
519
538
568
543
485
502
442
505
713
722
902
1 019
920
973
1 114
685
591
490
759
624
508
446
763
88
175
186
135
25
(19)
(49)
82
100
105
121
166
158
156
1 367
1 326
1 326
1 332
134
181
196
217
223
212
215
211
208
325
195
171
177
195
205
220
219
218
210
Income to Minority Interest
(138)
(140)
(144)
(149)
(151)
(62)
(47)
(43)
(113)
(122)
(138)
(136)
(120)
(120)
(118)
(125)
(132)
(127)
(99)
(105)
(83)
(95)
(134)
(132)
(82)
(109)
(110)
(119)
(239)
(175)
(140)
(110)
(175)
(48)
(50)
(55)
(84)
(73)
(86)
(91)
(91)
(45)
(26)
(15)
(44)
(54)
(57)
(58)
(58)
(54)
(55)
(50)
(46)
(43)
(42)
(49)
(57)
(59)
(61)
(62)
(60)
(60)
(61)
(58)
(94)
(55)
(47)
(52)
(65)
(72)
(73)
(68)
(69)
(69)
Net Income (Common)
292
N/A
283
-3%
290
+3%
287
-1%
300
+4%
298
0%
300
+0%
314
+5%
320
+2%
305
-4%
352
+15%
372
+6%
378
+2%
404
+7%
386
-4%
405
+5%
379
-6%
358
-6%
336
-6%
343
+2%
467
+36%
516
+11%
688
+33%
695
+1%
583
-16%
673
+16%
573
-15%
619
+8%
621
+0%
839
+35%
789
-6%
754
-4%
836
+11%
5 520
+561%
5 482
-1%
5 448
-1%
5 431
0%
727
-87%
697
-4%
634
-9%
147
-77%
25
-83%
35
+37%
31
-11%
633
+1 941%
623
-1%
609
-2%
608
0%
108
-82%
105
-3%
101
-3%
1 318
+1 204%
1 279
-3%
1 283
+0%
1 290
+1%
85
-93%
124
+45%
136
+10%
157
+15%
161
+3%
152
-5%
154
+1%
150
-3%
149
-1%
232
+55%
140
-39%
123
-12%
125
+1%
130
+4%
133
+2%
147
+10%
151
+3%
150
-1%
141
-5%
EPS (Diluted)
0.25
N/A
0.25
N/A
0.26
+4%
0.25
-4%
0.25
N/A
0.26
+4%
0.26
N/A
0.27
+4%
0.27
N/A
0.26
-4%
0.24
-8%
0.26
+8%
0.28
+8%
0.3
+7%
0.29
-3%
0.3
+3%
0.27
-10%
0.25
-7%
0.28
+12%
0.23
-18%
0.33
+43%
0.37
+12%
0.49
+32%
0.49
N/A
0.41
-16%
0.47
+15%
0.4
-15%
0.43
+7%
0.43
N/A
0.58
+35%
0.54
-7%
0.52
-4%
0.58
+12%
3.85
+564%
3.84
0%
3.78
-2%
3.74
-1%
0.51
-86%
0.5
-2%
0.43
-14%
0.1
-77%
0.01
-90%
0.02
+100%
0.02
N/A
0.43
+2 050%
0.43
N/A
0.4
-7%
0.42
+5%
0.07
-83%
0.08
+14%
0.08
N/A
0.92
+1 050%
0.88
-4%
0.9
+2%
0.9
N/A
0.07
-92%
0.09
+29%
0.1
+11%
0.11
+10%
0.11
N/A
0.11
N/A
0.11
N/A
0.1
-9%
0.1
N/A
0.16
+60%
0.1
-38%
0.08
-20%
0.09
+13%
0.09
N/A
0.09
N/A
0.1
+11%
0.1
N/A
0.1
N/A
0.1
N/A

See Also

Summary
F99 intrinsic value, competitors valuation, and company profile.
DCF Valuation
F99 stock valuation using Discount Cash Flow valuation method.
Relative Valuation
F99 stock valuation using valuation multiples.
Wall Street Estimates
F99 price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
F99 stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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