Fraser and Neave Ltd
SGX:F99

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Fraser and Neave Ltd
SGX:F99
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Price: 1.45 SGD -1.36% Market Closed
Market Cap: S$2.1B

P/FCFE

-15.8
Current
424%
Cheaper
vs 3-y average of 4.9

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
-15.8
=
Market Cap
S$2.2B
/
Free Cash Flow to Equity
S$-133.7m

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
-15.8
=
Market Cap
S$2.2B
/
Free Cash Flow to Equity
S$-133.7m

Valuation Scenarios

Fraser and Neave Ltd is trading above its 3-year average

If P/FCFE returns to its 3-Year Average (4.9), the stock would be worth S$-0.45 (131% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-230%
Maximum Upside
No Upside Scenarios
Average Downside
173%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple -15.8 S$1.45
0%
3-Year Average 4.9 S$-0.45
-131%
5-Year Average 4.9 S$-0.45
-131%
Industry Average 20.5 S$-1.89
-230%
Country Average 15.6 S$-1.44
-199%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
SG
Fraser and Neave Ltd
SGX:F99
2.1B SGD -15.8 14.9
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY -621 880.5 540 752.8
CH
Nestle SA
SIX:NESN
203.3B CHF 28.5 22.5
US
Mondelez International Inc
NASDAQ:MDLZ
78.7B USD 15.9 32.1
FR
Danone SA
PAR:BN
42.7B EUR 15.3 23.5
ZA
Tiger Brands Ltd
JSE:TBS
47.6B ZAR 347.5 12.5
US
Hershey Co
NYSE:HSY
37B USD 19.6 41.9
CN
Muyuan Foods Co Ltd
SZSE:002714
244.2B CNY -46.5 25
ZA
Avi Ltd
JSE:AVI
33.1B ZAR 16.6 12.8
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
225.7B CNY 35.9 32.1
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.2B CHF 198.9 31.9

Market Distribution

Lower than 100% of companies in Singapore
Percentile
0th
Based on 379 companies
0th percentile
-15.8
Low
0.2 — 10
Typical Range
10 — 28.3
High
28.3 —
Distribution Statistics
Singapore
Min 0.2
30th Percentile 10
Median 15.6
70th Percentile 28.3
Max 572

Fraser and Neave Ltd
Glance View

Fraser and Neave Ltd, often recognized simply as F&N, traces its origins back to the spirited entrepreneurial endeavors of John Fraser and David Chalmers Neave in the 19th century. Started in 1883 as a humble soda water manufacturing business in Singapore, F&N has masterfully navigated the evolving tides of consumer preferences and market dynamics to transform itself into a multifaceted conglomerate. Throughout its storied history, F&N has entrenched itself in the realms of food and beverage, incorporating an expansive portfolio of products ranging from beloved soft drinks to innovative dairy and ice cream solutions that resonate with diverse consumer palates across Asia. With strategic expansions and shrewd acquisitions, F&N has leveraged its deep-rooted brand reputation and established distribution networks to secure a robust footing in various competitive consumer markets. Today, F&N thrives primarily through its core divisions: Food & Beverage and Publishing & Printing. The food and beverage arm remains the heartbeat of the company, where it utilizes streamlined manufacturing processes, extensive market research, and agile marketing strategies to maintain and grow its market share across Southeast Asia and beyond. By forming strategic partnerships and collaborations, F&N remains adept at enhancing its product portfolio while ensuring sustainable revenue streams. On the other hand, although the publishing and printing division complements its broader business spectrum, the focus remains pivoted on maximizing efficiency and modernizing content delivery. Through this diversified business approach, F&N adeptly balances innovation with tradition, creating lasting value and securing its position as a stalwart in the Asian market landscape.

F99 Intrinsic Value
5.76 SGD
Undervaluation 75%
Intrinsic Value
Price S$1.45
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