F99 Stock Financial Analysis - Fraser and Neave, Limited (SGX) Stock

Overview

Fraser and Neave, Limited, based in Singapore, is a diversified company primarily operating in the food and beverage sector. Founded in 1883, it has expanded its footprint significantly across Southeast Asia and beyond. The company's core operations include the production, sale, and marketing of soft drinks, dairy products, and beer. Notably, through its subsidiary, F&N Foods, it is a significant player in the beverages market while its involvement in publishing and printing is maintained via Times Publishing Group. Key projects have included strategic acquisitions and expansion into new markets such as Myanmar, emphasizing its focus on increasing market share and enhancing its product portfolio in the rapidly growing Southeast Asian markets.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for Fraser and Neave, Limited as of 30 June 2025 is 2,318.39 MM.
The operating income for Fraser and Neave, Limited as of 30 June 2025 is 202.68 MM.
The net income for Fraser and Neave, Limited as of 30 June 2025 is 146.10 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	2,318.39	202.68	146.10
2025-03-31	2,303.64	216.57	149.50
2024-12-31	2,248.49	217.88	159.10
2024-09-30	2,162.09	206.58	150.91
2024-06-30	2,132.40	216.81	166.62
2024-03-31	2,124.88	203.07	146.97
2023-12-31	2,098.10	178.21	148.42
2023-09-30	2,099.10	154.41	133.22
2023-06-30	2,087.61	131.18	117.17
2023-03-31	2,038.55	128.60	130.33
2022-12-31	2,031.21	118.78	113.27
2022-09-30	2,003.21	135.06	124.87
2022-06-30	1,914.26	117.01	118.64
2022-03-31	1,900.59	125.21	123.30
2021-12-31	1,887.26	147.71	135.54
2021-09-30	1,879.16	156.31	140.44
2021-06-30	1,913.50	149.35	150.31
2021-03-31	1,852.62	163.76	159.97
2020-12-31	1,826.90	146.25	154.61
2020-09-30	1,833.50	141.05	149.21

Income Statement: EPS

The earnings per share basic for Fraser and Neave, Limited as of 30 June 2025 is 0.10.
The earnings per share diluted for Fraser and Neave, Limited as of 30 June 2025 is 0.10.

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30	0.10	0.10
2025-03-31	0.10	0.10
2024-12-31	0.11	0.11
2024-09-30	0.10	0.10
2024-06-30	0.11	0.11
2024-03-31	0.10	0.10
2023-12-31	0.10	0.10
2023-09-30	0.09	0.09
2023-06-30	0.08	0.08
2023-03-31	0.09	0.09
2022-12-31	0.08	0.08
2022-09-30	0.09	0.09
2022-06-30	0.08	0.08
2022-03-31	0.08	0.08
2021-12-31	0.09	0.09
2021-09-30	0.10	0.10
2021-06-30	0.10	0.10
2021-03-31	0.11	0.11
2020-12-31	0.11	0.11
2020-09-30	0.10	0.10

Cash Flow: Operations, Investing, Financing

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30
2025-03-31	204.71	-80.40	-143.82
2024-12-31
2024-09-30	216.40	-20.03	-119.12
2024-06-30
2024-03-31	254.19	-31.82	-86.08
2023-12-31
2023-09-30	261.74	-227.22	132.42
2023-06-30
2023-03-31	179.40	-240.12	169.86
2022-12-31
2022-09-30	19.15	-53.37	-153.72
2022-06-30
2022-03-31	51.59	-23.26	-127.95
2021-12-31
2021-09-30	247.40	-21.83	-33.82
2021-06-30
2021-03-31	252.34	-18.12	-124.91
2020-12-31
2020-09-30	42.69	-58.25	-118.44

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/e for Fraser and Neave, Limited as of 30 June 2025 is 12.57.
The p/book for Fraser and Neave, Limited as of 30 June 2025 is 0.55.
The p/tbv for Fraser and Neave, Limited as of 30 June 2025 is 0.71.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30	12.57	0.55	0.71
2025-03-31	12.09	0.57	0.65
2024-12-31	12.92	0.58	0.66
2024-09-30	11.19	0.56	0.61
2024-06-30	10.51	0.46	0.50
2024-03-31	10.60	0.47	0.53
2023-12-31	11.58	0.45	0.49
2023-09-30
2023-06-30	11.84	0.46	0.50
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31	14.58	0.57	0.61
2021-12-31	14.59	0.59	0.64
2021-09-30	13.62	0.60	0.64
2021-06-30	11.69	0.52	0.55
2021-03-31	12.61	0.58	0.66
2020-12-31	13.02	0.57	0.69
2020-09-30	11.76	0.52	0.54

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for Fraser and Neave, Limited as of 30 June 2025 is 0.09.
The ebit (3y)/ev for Fraser and Neave, Limited as of 30 June 2025 is 0.08.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	0.09	0.08
2025-03-31	0.09	0.08
2024-12-31	0.09	0.08
2024-09-30	0.08	0.08
2024-06-30	0.09	0.08
2024-03-31	0.08	0.08
2023-12-31	0.08	0.08
2023-09-30	0.08	0.08
2023-06-30	0.08	0.08
2023-03-31	0.08	0.08
2022-12-31	0.07	0.08
2022-09-30	0.07	0.08
2022-06-30	0.07	0.07
2022-03-31	0.07	0.08
2021-12-31	0.08	0.09
2021-09-30	0.08	0.08
2021-06-30	0.13	0.13
2021-03-31	0.08	0.08
2020-12-31	0.08	0.08
2020-09-30	0.09	0.08

Management Effectiveness

The roa for Fraser and Neave, Limited as of 30 June 2025 is 0.03.
The roe for Fraser and Neave, Limited as of 30 June 2025 is 0.04.
The roic for Fraser and Neave, Limited as of 30 June 2025 is 0.03.
The croic for Fraser and Neave, Limited as of 30 June 2025 is -0.00.
The ocroic for Fraser and Neave, Limited as of 30 June 2025 is 0.04.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	0.03	0.04	0.03	-0.00	0.04
2025-03-31	0.03	0.05	0.03	0.02	0.05
2024-12-31	0.03	0.05	0.03	0.02	0.05
2024-09-30	0.03	0.04	0.04	0.03	0.06
2024-06-30	0.03	0.04	0.03	0.03	0.06
2024-03-31	0.03	0.04	0.03	0.03	0.06
2023-12-31	0.03	0.04	0.03	0.03	0.06
2023-09-30	0.02	0.03	0.03	0.00	0.00
2023-06-30	0.03	0.04	0.03	0.02	0.04
2023-03-31	0.02	0.04	0.03	0.02	0.04
2022-12-31	0.03	0.04	0.03	-0.04	0.00
2022-09-30	0.03	0.04	0.03	-0.04	0.00
2022-06-30	0.03	0.03	0.03	-0.02	0.01
2022-03-31	0.03	0.04	0.03	-0.02	0.01
2021-12-31	0.03	0.04	0.03	0.04	0.06
2021-09-30	0.03	0.04	0.03	0.04	0.00
2021-06-30	0.03	0.04	0.04	0.03	0.07
2021-03-31	0.03	0.05	0.04	-0.03	0.01
2020-12-31	0.03	0.04	0.03	-0.03	0.01
2020-09-30	0.03	0.04	0.03	-0.03	0.01

Gross Margins

The gross margin for Fraser and Neave, Limited as of 30 June 2025 is 0.31.
The net margin for Fraser and Neave, Limited as of 30 June 2025 is 0.06.
The operating margin for Fraser and Neave, Limited as of 30 June 2025 is 0.09.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	0.31	0.06	0.09
2025-03-31	0.31	0.07	0.10
2024-12-31	0.32	0.07	0.10
2024-09-30	0.32	0.08	0.10
2024-06-30	0.32	0.07	0.10
2024-03-31	0.31	0.07	0.08
2023-12-31	0.30	0.06	0.07
2023-09-30	0.29	0.06	0.06
2023-06-30	0.29	0.06	0.06
2023-03-31	0.29	0.06	0.06
2022-12-31	0.29	0.06	0.07
2022-09-30	0.29	0.06	0.07
2022-06-30	0.29	0.06	0.06
2022-03-31	0.30	0.06	0.07
2021-12-31	0.31	0.07	0.08
2021-09-30	0.32	0.07	0.08
2021-06-30	0.32	0.08	0.08
2021-03-31	0.32	0.08	0.09
2020-12-31	0.32	0.08	0.08
2020-09-30	0.32	0.08	0.08

US:FNEVF
DE:FNV2	€0.92
DE:FNV1