Fraser and Neave Ltd
SGX:F99

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Fraser and Neave Ltd
SGX:F99
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Price: 1.47 SGD Market Closed
Market Cap: S$2.1B

EV/FCFF

-167
Current
1 067%
Cheaper
vs 3-y average of 17.3

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
-167
=
Enterprise Value
S$2.6B
/
Free Cash Flow to Firm
S$-15.2m

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
-167
=
Enterprise Value
S$2.6B
/
Free Cash Flow to Firm
S$-15.2m

Valuation Scenarios

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

If EV/FCFF returns to its 3-Year Average (17.3), the stock would be worth S$-0.15 (110% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-128%
Maximum Upside
No Upside Scenarios
Average Downside
115%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple -167 S$1.47
0%
3-Year Average 17.3 S$-0.15
-110%
5-Year Average 14.7 S$-0.13
-109%
Industry Average 47 S$-0.41
-128%
Country Average 18.2 S$-0.16
-111%

Forward EV/FCFF
Today’s price vs future free cash flow to firm

Not enough data available to calculate forward EV/FCFF

Peer Comparison

All Multiples
EV/FCFF
P/E
All Countries
Close
Market Cap EV/FCFF P/E
SG
Fraser and Neave Ltd
SGX:F99
2.1B SGD -167 15.1
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 468 975.5 540 752.8
CH
Nestle SA
SIX:NESN
205.8B CHF 22.7 23.2
US
Mondelez International Inc
NASDAQ:MDLZ
73.8B USD 28.3 30.1
FR
Danone SA
PAR:BN
43.3B EUR 18 23.8
ZA
Tiger Brands Ltd
JSE:TBS
48.7B ZAR 40.5 12.8
US
Hershey Co
NYSE:HSY
38.8B USD 24.5 44
CN
Muyuan Foods Co Ltd
SZSE:002714
237.6B CNY 27.5 24.3
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
231.2B CNY 30.4 32.8
ZA
Avi Ltd
JSE:AVI
32.7B ZAR 12.2 12.7
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.8B CHF 129.5 32.4

Market Distribution

Lower than 100% of companies in Singapore
Percentile
0th
Based on 415 companies
0th percentile
-167
Low
0 — 8.8
Typical Range
8.8 — 32.2
High
32.2 —
Distribution Statistics
Singapore
Min 0
30th Percentile 8.8
Median 18.2
70th Percentile 32.2
Max 15 154.9

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 74%
Intrinsic Value
Price S$1.47
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