FARM FRESH BERHAD

KLSE (MYR): FFB (5306)

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Last Price

1.82

Today's Change

0.00 (0.00%)

Day's Change

1.82 - 1.84

Trading Volume

1,743,200

Financial

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Last 10 FY Result
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 CAGR
Revenue 966,796 866,654 810,411 629,691 501,921 490,498 18.20%
PBT 113,376 91,541 69,065 52,174 65,684 67,589 0.72%
Tax -7,332 -7,359 -5,784 -2,240 12,881 -34,761 -44.96%
NP 106,044 84,182 63,281 49,934 78,565 32,828 24.42%
-
NP to SH 103,980 83,154 63,530 50,080 79,887 36,228 20.56%
-
Tax Rate 6.47% 8.04% 8.37% 4.29% -19.61% 51.43% -
Total Cost 860,752 782,472 747,130 579,757 423,356 457,670 17.72%
-
Net Worth 692,784 692,784 673,891 631,801 613,125 228,464 43.36%
Dividend
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 CAGR
Div - 18,719 - - - - -
Div Payout % - 22.51% - - - - -
Equity
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 CAGR
Net Worth 692,784 692,784 673,891 631,801 613,125 228,464 43.36%
NOSH 1,872,742 1,872,742 1,858,762 1,858,239 1,857,954 1,631,891 4.43%
Ratio Analysis
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 CAGR
NP Margin 10.97% 9.71% 7.81% 7.93% 15.65% 6.69% -
ROE 15.01% 12.00% 9.43% 7.93% 13.03% 15.86% -
Per Share
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 CAGR
RPS 51.63 46.29 43.29 33.89 27.01 30.06 12.91%
EPS 5.56 4.44 3.40 2.69 4.30 2.22 15.25%
DPS 0.00 1.00 0.00 0.00 0.00 0.00 -
NAPS 0.37 0.37 0.36 0.34 0.33 0.14 36.96%
Adjusted Per Share Value based on latest NOSH - 1,872,742
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 CAGR
RPS 51.57 46.23 43.23 33.59 26.77 26.17 18.19%
EPS 5.55 4.44 3.39 2.67 4.26 1.93 20.63%
DPS 0.00 1.00 0.00 0.00 0.00 0.00 -
NAPS 0.3696 0.3696 0.3595 0.337 0.3271 0.1219 43.35%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 CAGR
Date 28/06/24 28/06/24 29/03/24 31/03/23 31/03/22 - -
Price 1.52 1.52 1.40 1.50 1.64 0.00 -
P/RPS 2.94 3.28 3.23 4.43 6.07 0.00 -
P/EPS 27.37 34.23 41.25 55.66 38.14 0.00 -
EY 3.65 2.92 2.42 1.80 2.62 0.00 -
DY 0.00 0.66 0.00 0.00 0.00 0.00 -
P/NAPS 4.11 4.11 3.89 4.41 4.97 0.00 -
Price Multiplier on Announcement Date
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 CAGR
Date 28/08/24 28/08/24 29/05/24 30/05/23 24/05/22 - -
Price 1.57 1.57 1.49 1.55 1.68 0.00 -
P/RPS 3.04 3.39 3.44 4.57 6.22 0.00 -
P/EPS 28.27 35.35 43.90 57.51 39.07 0.00 -
EY 3.54 2.83 2.28 1.74 2.56 0.00 -
DY 0.00 0.64 0.00 0.00 0.00 0.00 -
P/NAPS 4.24 4.24 4.14 4.56 5.09 0.00 -

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
6 people like this. Showing 50 of 1,272 comments

DouglasLiu

@MULTIEVER. It finally breaks RM1.50 😁😁

2024-06-14 11:16

goldmanbull

Will Luckin partner with Farm Fresh? hmmm

2024-06-22 00:05

speakup

It's muiind lah

2024-06-22 14:55

DouglasLiu

Probably, if Luckin wants their coffee to taste better 😆

2024-06-25 11:35

rohank71

Global milk price on uptrend. FF buys 80% of their milk based on global price. it's close to the Q4 2022 prices now and that's when FF made losses. will Q3 and Q4 2024 be a speed break for FF?

2024-07-16 03:11

ThunderZX

time will tell....

2024-07-16 16:30

TG13688

time to fly babby!

2024-07-18 16:12

ThunderZX

Fly to where?

2024-07-19 17:39

Ravi1969

FF has close to 5k cows here in Malaysia.Read closely the QR and you will be able to understand the increase in sales and profitability. Don't be left out when it goes past RM 2 by the next QR

2024-07-19 18:18

DouglasLiu

Fly beyond Rm1.60, apparently

2024-07-20 16:51

ThunderZX

Keep buying FFB

2024-07-26 17:07

TheVenturer

any cheap tickets?

2024-07-30 16:56

DouglasLiu

No more cheap price, dude

2024-07-30 18:23

Kevin Tam

When will this overpriced Farm Fresh drop back to Rm1. 00.....One of the most expensive consumer stock in South East Asia..

2024-07-30 20:23

MRX425

Jump in now

2024-08-05 15:58

DouglasLiu

It's still not as cheap as you'd hope. Ha

2024-08-05 16:56

TheVenturer

hard to find cheap now....

2 months ago

DouglasLiu

I think it will keep consolidating at RM1.52 for now

2 months ago

TG13688

keep collecting..

2 months ago

DouglasLiu

Looks like I was wrong. It moves up gradually instead 🤗

2 months ago

Travisbravis

Next stop 2.00

2 months ago

DouglasLiu

With EPF’s continued buying, FFB will surely reach RM2 in a day

2 months ago

Ravi Kumar

Walau fantastic QR

2 months ago

XiongDaDa

Worth to put it for long-term. After 2 years, it will be RM4. haha

2 months ago

keonkx

Agree, this stock need patience

2 months ago

x_abe81

RM2 by year end. RM4 by 2026. 🤞🤞🤞😆

2 months ago

supermanhitam

so lucky today can buy in at 1.68 , tqsm

2 months ago

supermanhitam

this week will up to 2.00

2 months ago

supermanhitam

so a lucky day

2 months ago

Gudetamasan

good one here

2 months ago

supermanhitam

all in for 1.68 today , tq

2 months ago

DouglasLiu

No wonder it goes up today, supermanhitam 😃

2 months ago

ThunderZX

2.00 ?

2 months ago

XiongDaDa

Surely can hit 2.00, but not in this month

2 months ago

DouglasLiu

You followed KWAP & EPF selling, supermanhitam ?

1 month ago

supermanhitam

DouglasLiu
YOU SEE AS I SAID

1 month ago

supermanhitam

XiongDaDa
SURE WILL GO TO

1 month ago

keonkx

Up up up again this is gooood

1 month ago

DouglasLiu

supermanhitam
WHAT DID YOU SAY?

1 month ago

UnicornP

Wait 1.1-1.2m volume per day.

1 month ago

DouglasLiu

If can maintain that much trading volume, RM2 this month is not a dream.

1 month ago

UnicornP

Just bought 1.81

2 weeks ago

keonkx

nice up up up

2 weeks ago

DouglasLiu

Oh... Some funds start disposing 😗

1 week ago

MRX425

slowing down alrdy

1 week ago

DouglasLiu

Q2 results were leaked to big funds ?

1 week ago

XiongDaDa

dnt worry, FFB still moved up regardless

1 week ago

DouglasLiu

Farm Fresh Bhd’s growth prospects remain robust, underpinned by its increasing market presence.

Also working in the company’s favour are easing raw material prices and favourable foreign-exchange (forex) rates, which contribute to stronger profitability and operational resilience.

RHB Research has reiterated its “buy” recommendation for Farm Fresh, raising its target price to RM2.11 per share from RM1.88 previously.

This followed the brokerage’s upward revision of its earnings forecasts for Farm Fresh by 5% each for financial year ending March 31, 2026 (FY26), and FY27 to account for revised in-house forex assumptions and higher minimum wage.

“We believe Farm Fresh will continue to leverage on its established brand equity to penetrate more markets, thereby fuelling the relentless top-line growth.

“Meanwhile, easing raw material prices and favourable forex will translate to more margin expansion,” RHB Research wrote in its report yesterday.

“Our positive stance is premised on the visible and long runway for growth, more consistent earnings delivery, and management’s ambitious vision, which should warrant a valuation premium,” it added.

Farm Fresh recently launched its in-house consumer-packaged goods (CPG) ice cream brand – Cream Hauz.

RHB Research pointed out that its ground checks suggest the initial reception had been positive.

“With more products in the pipeline, the group aims to capture a 5% share in CPG ice cream market worth more than RM1.2bil by 2025.

“Its strategy to diversify offerings in the dairy product market (by leveraging on its brand equity and healthier option value) could bear significant fruit once again,” the brokerage explained.

Concurrently, Farm Fresh is also eyeing a share in the lucrative chocolate malt beverage market worth RM1bil.

It launched a powder variant in July and has plans to roll out ready-to-drink products in 2025, RHB Research noted.

Additionally, it plans to sustain its hotel, restaurant and café/catering (Horeca) segment’s strong sales growth by offering new butter products.

Outside Malaysia, Farm Fresh recently commenced production in the Philippines after establishing a presence and brand- building via imports earlier.

RHB Research said with Farm Fresh’s gross profit margin staying above 30% in the last three quarters, there could be more upside for the company, going forward.

“This is as the lower-priced whole milk powder and raw milk are reflected in subsequent quarters,” it said.

Farm Fresh’s earnings jumped four-fold to RM26mil in the first quarter ended June 30, 2024, from RM6.4mil in the corresponding quarter last year.

Its earnings per share increased to 1.39 sen from 0.34 sen previously.

The increase in earnings was mainly attributable to higher revenue and lower raw material prices.

During the quarter under review, the group’s revenue rose 30.3% year-on-year to RM241.7mil on sales contribution from new products, higher sales from the Horeca distribution channel, as well as full-quarter contribution from The Inside Scoop Sdn Bhd and Sin Wah Ice Cream Sdn Bhd.

11 hours ago

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