Fraser and Neave Ltd
SGX:F99

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Fraser and Neave Ltd
SGX:F99
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Price: 1.36 SGD -2.16%
Market Cap: 2B SGD

Relative Value

The Relative Value of one F99 stock under the Base Case scenario is 1.65 SGD. Compared to the current market price of 1.36 SGD, Fraser and Neave Ltd is Undervalued by 18%.

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.

F99 Relative Value
Base Case
1.65 SGD
Undervaluation 18%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
44
vs Industry
45
Median 3Y
0.8
Median 5Y
0.9
Industry
1
Forward
1.3
vs History
30
vs Industry
42
Median 3Y
12.3
Median 5Y
12.3
Industry
16.9
Forward
2.8
vs History
34
vs Industry
37
Median 3Y
8.9
Median 5Y
8.9
Industry
10
vs History
vs Industry
22
Median 3Y
4.9
Median 5Y
5.6
Industry
17.4
vs History
4
vs Industry
72
Median 3Y
0.6
Median 5Y
0.6
Industry
1.5
vs History
61
vs Industry
44
Median 3Y
1.1
Median 5Y
1.1
Industry
1.2
Forward
1.6
vs History
60
vs Industry
54
Median 3Y
3.5
Median 5Y
3.5
Industry
4.8
vs History
71
vs Industry
43
Median 3Y
8.1
Median 5Y
8.1
Industry
10.3
Forward
8.5
vs History
73
vs Industry
39
Median 3Y
12.5
Median 5Y
12.7
Industry
13.6
Forward
10.9
vs History
44
vs Industry
34
Median 3Y
11.1
Median 5Y
11.1
Industry
10.9
vs History
11
vs Industry
19
Median 3Y
17.3
Median 5Y
14.7
Industry
15.1
vs History
20
vs Industry
76
Median 3Y
0.5
Median 5Y
0.5
Industry
1.1

Multiples Across Competitors

F99 Competitors Multiples
Fraser and Neave Ltd Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
SG
Fraser and Neave Ltd
SGX:F99
2B SGD 0.9 13.3 7.9 11.1
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 23 895.9 540 752.8 186 542.5 318 284.3
CH
Nestle SA
SIX:NESN
182.4B CHF 2 17.7 12.1 15
US
Mondelez International Inc
NASDAQ:MDLZ
79.6B USD 2.1 21.9 15.7 20
FR
Danone SA
PAR:BN
45.6B EUR 1.7 24.8 10.8 14.6
ZA
Tiger Brands Ltd
JSE:TBS
47B Zac 0 0 0 0
CN
Muyuan Foods Co Ltd
SZSE:002714
256.6B CNY 1.7 10.4 10.9 10.9
US
Hershey Co
NYSE:HSY
35.5B USD 3.1 23.2 14.9 18.2
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
26.6B CHF 4.7 41.4 24.1 32.8
US
Kraft Heinz Co
NASDAQ:KHC
32.5B USD 1.3 -6.2 8 9.5
ZA
Avi Ltd
JSE:AVI
31B Zac 0 0 0 0
P/E Multiple
Earnings Growth PEG
SG
Fraser and Neave Ltd
SGX:F99
Average P/E: 67 613.2
13.3
N/A N/A
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
540 752.8
N/A N/A
CH
Nestle SA
SIX:NESN
17.7
7%
2.5
US
Mondelez International Inc
NASDAQ:MDLZ
21.9
1%
21.9
FR
Danone SA
PAR:BN
24.8
13%
1.9
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
13%
N/A
CN
Muyuan Foods Co Ltd
SZSE:002714
10.4
20%
0.5
US
Hershey Co
NYSE:HSY
23.2
-11%
N/A
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
41.4
10%
4.1
US
Kraft Heinz Co
NASDAQ:KHC
Negative Multiple: -6.2
7%
N/A
ZA
A
Avi Ltd
JSE:AVI
Not Available
7%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SG
Fraser and Neave Ltd
SGX:F99
Average EV/EBITDA: 20 738.5
7.9
N/A N/A
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
186 542.5
N/A N/A
CH
Nestle SA
SIX:NESN
12.1
3%
4
US
Mondelez International Inc
NASDAQ:MDLZ
15.7
0%
N/A
FR
Danone SA
PAR:BN
10.8
5%
2.2
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
12%
N/A
CN
Muyuan Foods Co Ltd
SZSE:002714
10.9
33%
0.3
US
Hershey Co
NYSE:HSY
14.9
-6%
N/A
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
24.1
8%
3
US
Kraft Heinz Co
NASDAQ:KHC
8
-1%
N/A
ZA
A
Avi Ltd
JSE:AVI
Not Available
6%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
SG
Fraser and Neave Ltd
SGX:F99
Average EV/EBIT: 35 379.6
11.1
N/A N/A
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
318 284.3
N/A N/A
CH
Nestle SA
SIX:NESN
15
2%
7.5
US
Mondelez International Inc
NASDAQ:MDLZ
20
-1%
N/A
FR
Danone SA
PAR:BN
14.6
6%
2.4
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
15%
N/A
CN
Muyuan Foods Co Ltd
SZSE:002714
10.9
18%
0.6
US
Hershey Co
NYSE:HSY
18.2
-8%
N/A
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
32.8
9%
3.6
US
Kraft Heinz Co
NASDAQ:KHC
9.5
-2%
N/A
ZA
A
Avi Ltd
JSE:AVI
Not Available
6%
N/A