FARM FRESH BERHAD

KLSE (MYR): FFB (5306)

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Last Price

1.82

Today's Change

+0.02 (1.11%)

Day's Change

1.80 - 1.83

Trading Volume

2,357,900

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 981,724 917,517 810,411 629,691 501,921 490,498 18.20%
PBT 115,310 106,532 69,065 52,174 65,684 67,589 0.72%
Tax -8,344 -8,472 -5,784 -2,240 12,881 -34,761 -44.96%
NP 106,966 98,060 63,281 49,934 78,565 32,828 24.42%
-
NP to SH 104,356 96,548 63,530 50,080 79,887 36,228 20.56%
-
Tax Rate 7.24% 7.95% 8.37% 4.29% -19.61% 51.43% -
Total Cost 874,758 819,457 747,130 579,757 423,356 457,670 17.72%
-
Net Worth 673,264 673,277 673,891 631,801 613,125 228,464 43.36%
Dividend
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 CAGR
Div 44,884 22,442 - - - - -
Div Payout % 43.01% 23.24% - - - - -
Equity
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 CAGR
Net Worth 673,264 673,277 673,891 631,801 613,125 228,464 43.36%
NOSH 1,870,179 1,870,214 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 10.90% 10.69% 7.81% 7.93% 15.65% 6.69% -
ROE 15.50% 14.34% 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 52.49 49.06 43.29 33.89 27.01 30.06 12.91%
EPS 5.58 5.16 3.40 2.69 4.30 2.22 15.25%
DPS 2.40 1.20 0.00 0.00 0.00 0.00 -
NAPS 0.36 0.36 0.36 0.34 0.33 0.14 36.96%
Adjusted Per Share Value based on latest NOSH - 1,870,179
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 CAGR
RPS 52.36 48.94 43.23 33.59 26.77 26.16 18.20%
EPS 5.57 5.15 3.39 2.67 4.26 1.93 20.63%
DPS 2.39 1.20 0.00 0.00 0.00 0.00 -
NAPS 0.3591 0.3591 0.3594 0.337 0.327 0.1219 43.34%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 CAGR
Date 30/09/24 30/09/24 29/03/24 31/03/23 31/03/22 - -
Price 1.84 1.84 1.40 1.50 1.64 0.00 -
P/RPS 3.51 3.75 3.23 4.43 6.07 0.00 -
P/EPS 32.97 35.64 41.25 55.66 38.14 0.00 -
EY 3.03 2.81 2.42 1.80 2.62 0.00 -
DY 1.30 0.65 0.00 0.00 0.00 0.00 -
P/NAPS 5.11 5.11 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 28/11/24 28/11/24 29/05/24 30/05/23 24/05/22 - -
Price 1.79 1.79 1.49 1.55 1.68 0.00 -
P/RPS 3.41 3.65 3.44 4.57 6.22 0.00 -
P/EPS 32.08 34.67 43.90 57.51 39.07 0.00 -
EY 3.12 2.88 2.28 1.74 2.56 0.00 -
DY 1.34 0.67 0.00 0.00 0.00 0.00 -
P/NAPS 4.97 4.97 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 1,286 comments

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....

2024-08-08 16:07

DouglasLiu

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

2024-08-12 15:33

TG13688

keep collecting..

2024-08-13 15:10

DouglasLiu

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

2024-08-16 15:59

Travisbravis

Next stop 2.00

2024-08-21 16:34

DouglasLiu

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

2024-08-26 19:36

Ravi Kumar

Walau fantastic QR

2024-08-28 12:47

XiongDaDa

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

2024-09-02 17:54

keonkx

Agree, this stock need patience

2024-09-02 18:05

x_abe81

RM2 by year end. RM4 by 2026. 🤞🤞🤞😆

2024-09-02 18:39

supermanhitam

so lucky today can buy in at 1.68 , tqsm

2024-09-03 10:18

supermanhitam

this week will up to 2.00

2024-09-03 10:18

supermanhitam

so a lucky day

2024-09-03 11:14

Gudetamasan

good one here

2024-09-03 11:16

supermanhitam

all in for 1.68 today , tq

2024-09-03 15:23

DouglasLiu

No wonder it goes up today, supermanhitam 😃

2024-09-04 15:16

ThunderZX

2.00 ?

2024-09-05 17:02

XiongDaDa

Surely can hit 2.00, but not in this month

2024-09-05 20:36

KingKKK

FFB: Positioned for a New High? - KingKKK

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-09-10-story-h468352406-FFB_Positioned_for_a_New_High_KingKKK

2024-09-10 09:55

DouglasLiu

You followed KWAP & EPF selling, supermanhitam ?

2024-09-11 14:24

supermanhitam

DouglasLiu
YOU SEE AS I SAID

2024-09-19 11:16

supermanhitam

XiongDaDa
SURE WILL GO TO

2024-09-19 11:17

keonkx

Up up up again this is gooood

2 months ago

DouglasLiu

supermanhitam
WHAT DID YOU SAY?

2 months ago

UnicornP

Wait 1.1-1.2m volume per day.

2 months ago

DouglasLiu

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

2 months ago

UnicornP

Just bought 1.81

2 months ago

keonkx

nice up up up

2 months ago

DouglasLiu

Oh... Some funds start disposing 😗

1 month ago

MRX425

slowing down alrdy

1 month ago

DouglasLiu

Q2 results were leaked to big funds ?

1 month ago

XiongDaDa

dnt worry, FFB still moved up regardless

1 month 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.

1 month ago

keonkx

Today closed at 52-week high -RM1.87. Gogo Farm Fresh!

1 month ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Farm Fresh
Market cap 3.5B Earnings 83.15M PE 42.12

Dutch Lady
Market cap 1.94B Earnings 88.32M PE 21.97

1 month ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Assuming the PE for this sector is 20.
The market is pricing Farm Fresh at a hefty price, in anticipation of future growth.
On the other hand, which has the better reward : risk profile today, as an investment?

All investing is always value investing. :-)

1 month ago

XiongDaDa

In order to push it to RM2, it requires EPF to buy instead of selling ...

1 month ago

DouglasLiu

Retailers power is strong also. ha

1 month ago

Cakes Moon

Why suddenly drop?

1 month ago

XiongDaDa

Local and foreign fund are selling ..

1 month ago

XiongDaDa

Excellent Q2 performance !! They declare RM0.01 dividend also

https://www.thestar.com.my/business/business-news/2024/11/28/farm-fresh-2q-net-profit-surges-to-rm262mil

3 weeks ago

Bursino

their fresh milk is so DILUTE i had stopped buying!

3 weeks ago

Noni

Milk is ok, not too thick

3 weeks ago

keonkx

Why milk need to be thick? You can buy yogurt if you prefer thicker milk

3 weeks ago

XiongDaDa

Buy full-cream milk instead of low-fat milk

2 weeks ago

duitsonang17

FGV calls off shareholders’ agreement to develop RM4.5 bil dairy farm business in Perlis=> less competition for FFB

1 week ago

XiongDaDa

Ya, good. They should focus on their main business

1 week ago

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