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Freedom Foods Group

ASX:FNP
Snowflake Description

High growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FNP
ASX
A$1B
Market Cap
  1. Home
  2. AU
  3. Food, Beverage & Tobacco
Company description

Freedom Foods Group Limited engages in sourcing, manufacturing, selling, marketing, and distribution of plant-based beverages, and dairy and nutritional ingredient products in Australia, New Zealand, China, South East Asia, and North America. The last earnings update was 45 days ago. More info.


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FNP Share Price and Events
7 Day Returns
0%
ASX:FNP
-0.4%
AU Food
1.3%
AU Market
1 Year Returns
-9.3%
ASX:FNP
-10%
AU Food
9.9%
AU Market
FNP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Freedom Foods Group (FNP) 0% -8.7% 3% -9.3% 9.8% 75.8%
AU Food -0.4% 2.4% -2.3% -10% -6.5% 31.9%
AU Market 1.3% -0.6% -1% 9.9% 17.6% 17.8%
1 Year Return vs Industry and Market
  • FNP matched the Food industry (-10%) over the past year.
  • FNP underperformed the Market in Australia which returned 9.9% over the past year.
Price Volatility
FNP
Industry
5yr Volatility vs Market

FNP Value

 Is Freedom Foods Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Freedom Foods Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Freedom Foods Group.

ASX:FNP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in AUD A$ 0.11415230769231
Payout Ratio Company Filings (2019-06-30) 2847.4%
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:FNP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.54
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.542 (1 + (1- 30%) (12.72%))
0.717
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.8 * 5.96%)
7.08%

Discounted Cash Flow Calculation for ASX:FNP using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Freedom Foods Group is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

ASX:FNP Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= A$0.11 / (7.08% - 2.31%)
A$2.31
ASX:FNP Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$2.31
Current discount Discount to share price of A$5.15
= -1 x (A$5.15 - A$2.31) / A$2.31
-123%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Freedom Foods Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Freedom Foods Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Freedom Foods Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:FNP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.05
ASX:FNP Share Price ** ASX (2019-10-11) in AUD A$5.15
Australia Food Industry PE Ratio Median Figure of 21 Publicly-Listed Food Companies 25.25x
Australia Market PE Ratio Median Figure of 557 Publicly-Listed Companies 17.93x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Freedom Foods Group.

ASX:FNP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:FNP Share Price ÷ EPS (both in AUD)

= 5.15 ÷ 0.05

109.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Freedom Foods Group is overvalued based on earnings compared to the AU Food industry average.
  • Freedom Foods Group is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Freedom Foods Group's expected growth come at a high price?
Raw Data
ASX:FNP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 109.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
49.1%per year
Australia Food Industry PEG Ratio Median Figure of 13 Publicly-Listed Food Companies 1.47x
Australia Market PEG Ratio Median Figure of 357 Publicly-Listed Companies 1.69x

*Line of best fit is calculated by linear regression .

ASX:FNP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 109.82x ÷ 49.1%

2.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Freedom Foods Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Freedom Foods Group's assets?
Raw Data
ASX:FNP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$2.46
ASX:FNP Share Price * ASX (2019-10-11) in AUD A$5.15
Australia Food Industry PB Ratio Median Figure of 43 Publicly-Listed Food Companies 1.24x
Australia Market PB Ratio Median Figure of 1,705 Publicly-Listed Companies 1.8x
ASX:FNP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:FNP Share Price ÷ Book Value per Share (both in AUD)

= 5.15 ÷ 2.46

2.1x

* Primary Listing of Freedom Foods Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Freedom Foods Group is overvalued based on assets compared to the AU Food industry average.
X
Value checks
We assess Freedom Foods Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. Freedom Foods Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FNP Future Performance

 How is Freedom Foods Group expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
49.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Freedom Foods Group expected to grow at an attractive rate?
  • Freedom Foods Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Freedom Foods Group's earnings growth is expected to exceed the Australia market average.
  • Freedom Foods Group's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:FNP Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:FNP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 49.1%
ASX:FNP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 21.2%
Australia Food Industry Earnings Growth Rate Market Cap Weighted Average 35.7%
Australia Food Industry Revenue Growth Rate Market Cap Weighted Average 9.1%
Australia Market Earnings Growth Rate Market Cap Weighted Average 10.2%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:FNP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:FNP Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 911 73 92 3
2021-06-30 824 62 74 4
2020-06-30 641 39 44 3
2019-10-13
ASX:FNP Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 476 -1 12
2019-03-31 439 -10 13
2018-12-31 402 -19 13
2018-09-30 378 2 13
2018-06-30 353 24 13
2018-03-31 326 22 9
2017-12-31 298 19 6
2017-09-30 280 12 7
2017-06-30 262 5 7
2017-03-31 251 11 19
2016-12-31 240 17 32
2016-09-30 205 12 41

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Freedom Foods Group's earnings are expected to grow significantly at over 20% yearly.
  • Freedom Foods Group's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:FNP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Freedom Foods Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:FNP Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.31 0.38 0.25 2.00
2021-06-30 0.28 0.32 0.22 3.00
2020-06-30 0.15 0.17 0.13 2.00
2019-10-13
ASX:FNP Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.05
2019-03-31 0.05
2018-12-31 0.06
2018-09-30 0.06
2018-06-30 0.06
2018-03-31 0.05
2017-12-31 0.03
2017-09-30 0.03
2017-06-30 0.04
2017-03-31 0.10
2016-12-31 0.17
2016-09-30 0.23

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Freedom Foods Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Freedom Foods Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Freedom Foods Group has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FNP Past Performance

  How has Freedom Foods Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Freedom Foods Group's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Freedom Foods Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Freedom Foods Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Freedom Foods Group's 1-year earnings growth is negative, it can't be compared to the AU Food industry average.
Earnings and Revenue History
Freedom Foods Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Freedom Foods Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:FNP Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 476.21 11.58 75.26
2019-03-31 439.34 12.54 71.25
2018-12-31 402.47 13.49 67.25
2018-09-30 377.73 13.10 60.93
2018-06-30 352.99 12.72 54.60
2018-03-31 325.59 9.33 49.19
2017-12-31 298.19 5.95 43.78
2017-09-30 280.34 6.70 41.82
2017-06-30 262.48 7.45 39.85
2017-03-31 251.33 19.49 38.75
2016-12-31 240.18 31.52 37.65
2016-09-30 205.31 41.01 34.20
2016-06-30 170.44 50.49 30.74
2016-03-31 135.65 37.68 26.96
2015-12-31 100.85 24.86 23.18
2015-09-30 96.16 40.75 22.35
2015-06-30 91.46 56.63 21.53
2015-03-31 90.13 59.97 20.84
2014-12-31 88.81 63.32 20.16
2014-09-30 88.33 37.73 19.89
2014-06-30 87.86 12.13 19.62
2014-03-31 89.27 9.89 19.15
2013-12-31 90.68 7.65 18.68
2013-09-30 89.80 10.68 18.17
2013-06-30 88.92 13.72 17.66
2013-03-31 82.48 12.59 16.60
2012-12-31 76.03 11.45 15.54

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Freedom Foods Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Freedom Foods Group used its assets less efficiently than the AU Food industry average last year based on Return on Assets.
  • Freedom Foods Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Freedom Foods Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Freedom Foods Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FNP Health

 How is Freedom Foods Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Freedom Foods Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Freedom Foods Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Freedom Foods Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Freedom Foods Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Freedom Foods Group Company Filings, last reported 3 months ago.

ASX:FNP Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 670.86 114.61 55.39
2019-03-31 670.86 114.61 55.39
2018-12-31 532.28 139.22 9.68
2018-09-30 532.28 139.22 9.68
2018-06-30 529.90 98.46 98.11
2018-03-31 529.90 98.46 98.11
2017-12-31 323.63 112.85 3.57
2017-09-30 323.63 112.85 3.57
2017-06-30 321.44 154.30 4.18
2017-03-31 321.44 154.30 4.18
2016-12-31 352.72 71.61 72.72
2016-09-30 352.72 71.61 72.72
2016-06-30 287.13 67.73 63.91
2016-03-31 287.13 67.73 63.91
2015-12-31 267.33 53.78 109.36
2015-09-30 267.33 53.78 109.36
2015-06-30 185.93 35.99 2.33
2015-03-31 185.93 35.99 2.33
2014-12-31 176.92 16.26 1.09
2014-09-30 176.92 16.26 1.09
2014-06-30 122.23 0.90 4.87
2014-03-31 122.23 0.90 4.87
2013-12-31 115.21 3.42 7.50
2013-09-30 115.21 3.42 7.50
2013-06-30 82.40 10.20 14.11
2013-03-31 82.40 10.20 14.11
2012-12-31 62.82 30.95 13.36
  • Freedom Foods Group's level of debt (17.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.8% vs 17.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 5.2x coverage).
X
Financial health checks
We assess Freedom Foods Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Freedom Foods Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FNP Dividends

 What is Freedom Foods Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.07%
Current annual income from Freedom Foods Group dividends. Estimated to be 2.22% next year.
If you bought A$2,000 of Freedom Foods Group shares you are expected to receive A$21 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Freedom Foods Group's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.5%).
  • Freedom Foods Group's dividend is below the markets top 25% of dividend payers in Australia (5.6%).
Upcoming dividend payment

Purchase Freedom Foods Group before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:FNP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Australia Food Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 3.1%
Australia Market Average Dividend Yield Market Cap Weighted Average of 407 Stocks 4.2%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:FNP Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.14 4.00
2021-06-30 0.12 5.00
2020-06-30 0.08 4.00
2019-10-13
ASX:FNP Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-08-29 0.055 1.018
2018-08-30 0.055 1.088
2018-02-27 0.045 0.780
2017-08-31 0.043 0.896
2016-08-31 0.045 1.024
2016-03-10 0.035 0.880
2015-09-30 0.030 0.898
2015-08-31 0.030 0.987
2015-02-27 0.030 0.988
2014-09-26 0.030 0.953
2014-08-29 0.030 0.986
2014-02-27 0.030 1.038
2013-09-30 0.020 0.715
2013-08-29 0.020 0.834
2013-02-28 0.020 1.320
2012-10-01 0.010 1.225
2012-08-31 0.010 1.399
2012-02-29 0.000 0.000
2011-10-05 0.010 2.343
2011-09-02 0.010 3.082
2011-02-24 0.010 3.317
2010-02-25 0.000 0.000
2009-09-25 0.000 0.000
2009-09-03 0.000 0.000
2009-03-02 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Freedom Foods Group is not paying a notable dividend for Australia, therefore no need to check if the payments are stable.
  • Freedom Foods Group is not paying a notable dividend for Australia, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Freedom Foods Group's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Freedom Foods Group's dividends as it is not paying a notable one for Australia.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Freedom Foods Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Freedom Foods Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Freedom Foods Group has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FNP Management

 What is the CEO of Freedom Foods Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rory J. Macleod
COMPENSATION A$798,119
AGE 51
TENURE AS CEO 7.2 years
CEO Bio

Mr. Rory J. F. Macleod, B.Econ (Hons) has been the Chief Executive Officer and Managing Director of Freedom Foods Group Limited since August 2012 and served as its Secretary since October 2010 Chief Financial Officer. Mr. Macleod has been with the Freedom Foods Group Limited for the past 15 years with direct responsibility for and involvement in its strategic, operational and financial development during this time. Since joining Freedom Nutritional, Mr. Macleod has been responsible for strategic and corporate development. Prior to his corporate finance background, Mr. Macleod was an Equities Research Analyst with SBC Warburg (now UBS). He served as Strategic Development Director at Freedom Foods Group Limited (also known as So Natural Foods Australia Ltd). Mr. Macleod served as Senior Director of Corporate Finance of UBS in Australasia and Europe where he gained extensive experience in strategy and commercial development, mergers and acquisitions and corporate analysis. Mr. Macleod serves as Non-Executive Chairman of Australian Fresh Milk Holdings Pty Limited (AFMH) and its subsidiaries. He has been an Executive Director of Freedom Foods Group Limited since May 2008 and for its operating subsidiaries. Mr. Macleod holds B.Ec (Hons).

CEO Compensation
  • Rory J.'s compensation has been consistent with company performance over the past year, both up more than 20%.
  • Rory J.'s remuneration is lower than average for companies of similar size in Australia.
Management Team

Rory J. Macleod

TITLE
MD, CEO & Executive Director
COMPENSATION
A$798K
AGE
51
TENURE
7.2 yrs

Campbell Nicholas

TITLE
CFO & Company Secretary
COMPENSATION
A$391K
TENURE
3.1 yrs

Amine Haddad

TITLE
Chief Executive Officer of Commercial Operations - Australasia
COMPENSATION
A$596K

Tim Moses

TITLE
Strategic Development Director
COMPENSATION
A$425K

Amber Stanley

TITLE
Group General Counsel
Board of Directors Tenure

Average tenure and age of the Freedom Foods Group board of directors in years:

11.4
Average Tenure
67
Average Age
  • The average tenure for the Freedom Foods Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Perry Gunner

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$138K
AGE
72
TENURE
13.3 yrs

Rory J. Macleod

TITLE
MD, CEO & Executive Director
COMPENSATION
A$798K
AGE
51
TENURE
11.4 yrs

Tony Perich

TITLE
Deputy Chairman
COMPENSATION
A$128K
AGE
78

Trevor Allen

TITLE
Independent Non-Executive Director
COMPENSATION
A$118K
AGE
62
TENURE
6.3 yrs

Ron Perich

TITLE
Non-Executive Director
COMPENSATION
A$118K
AGE
76
TENURE
14.5 yrs

Michael Perich

TITLE
Alternate Non-Executive Director
COMPENSATION
A$34K
AGE
44
TENURE
10.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
23. Jun 19 Buy Perry Gunner Individual 19. Jun 19 19. Jun 19 62,579 A$4.80 A$300,379
23. Jun 19 Buy Rory J. Macleod Individual 19. Jun 19 19. Jun 19 69,344 A$4.80 A$332,851
23. Jun 19 Buy Trevor Allen Individual 19. Jun 19 19. Jun 19 6,575 A$4.80 A$31,560
23. Jun 19 Buy Leppington Pastoral Co Pty Ltd Company 19. Jun 19 19. Jun 19 843,810 A$4.80 A$4,050,288
04. Jun 19 Buy Leppington Pastoral Co Pty Ltd Company 31. May 19 31. May 19 7,489,111 A$4.80 A$35,947,726
22. Oct 18 Buy Leppington Pastoral Co Pty Ltd Company 17. Oct 18 17. Oct 18 169,258 A$5.55 A$939,382
17. Oct 18 Buy Leppington Pastoral Co Pty Ltd Company 11. Oct 18 16. Oct 18 1,810,007 A$5.57 A$10,067,458
X
Management checks
We assess Freedom Foods Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Freedom Foods Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FNP News

Simply Wall St News

Should You Be Concerned With Freedom Foods Group Limited's (ASX:FNP) -9.0% Earnings Drop?

See our latest analysis for Freedom Foods Group Was FNP's recent earnings decline worse than the long-term trend and the industry? … Furthermore, its return on assets (ROA) of 1.6% is below the AU Food industry of 5.7%, indicating Freedom Foods Group's are utilized less efficiently. … Though Freedom Foods Group's past data is helpful, it is only one aspect of my investment thesis.

Simply Wall St -

Is Freedom Foods Group Limited's (ASX:FNP) ROE Of 2.5% Concerning?

See our latest analysis for Freedom Foods Group How Do You Calculate Return On Equity? … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Freedom Foods Group: 2.5% = AU$13m ÷ AU$532m (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Combining Freedom Foods Group's Debt And Its 2.5% Return On Equity Although Freedom Foods Group does use debt, its debt to equity ratio of 0.26 is still low.

Simply Wall St -

Is Freedom Foods Group Limited (ASX:FNP) Investing Your Capital Efficiently?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Freedom Foods Group: 0.025 = AU$16m ÷ (AU$809m - AU$169m) (Based on the trailing twelve months to December 2018.) Therefore, Freedom Foods Group has an ROCE of 2.5%. … Do Freedom Foods Group's Current Liabilities Skew Its ROCE? … Our Take On Freedom Foods Group's ROCE Freedom Foods Group has a poor ROCE, and there may be better investment prospects out there.

Simply Wall St -

Can You Imagine How Freedom Foods Group's (ASX:FNP) Shareholders Feel About The 69% Share Price Increase?

For example, the Freedom Foods Group Limited (ASX:FNP) share price is up 69% in the last 5 years, clearly besting than the market return of around 13% (ignoring dividends). … During five years of share price growth, Freedom Foods Group actually saw its EPS drop 2.6% per year. … In the case of Freedom Foods Group, it has a TSR of 79% for the last 5 years.

Simply Wall St -

Does Freedom Foods Group Limited's (ASX:FNP) CEO Pay Matter?

Our data indicates that Freedom Foods Group Limited is worth AU$1.4b, and total annual CEO compensation is AU$798k. … ASX:FNP CEO Compensation, June 28th 2019 Is Freedom Foods Group Limited Growing? … It looks like Freedom Foods Group Limited pays its CEO less than similar sized companies.

Simply Wall St -

What Kind Of Shareholders Own Freedom Foods Group Limited (ASX:FNP)?

View our latest analysis for Freedom Foods Group ASX:FNP Ownership Summary, June 6th 2019 What Does The Institutional Ownership Tell Us About Freedom Foods Group? … We can see that Freedom Foods Group does have institutional investors; and they hold 19% of the stock. … Insider Ownership Of Freedom Foods Group The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

These Factors Make Freedom Foods Group Limited (ASX:FNP) An Interesting Investment

By this I mean, I look at stocks holistically, from their financial health to their future outlook. … In the case of Freedom Foods Group Limited (ASX:FNP), it is a company with robust financial health as well as an optimistic growth outlook. … ASX:FNP Past and Future Earnings, May 20th 2019 Next Steps: For Freedom Foods Group, there are three key factors you should look at: Historical Performance: What has FNP's returns been like over the past?

Simply Wall St -

Have Insiders Been Selling Freedom Foods Group Limited (ASX:FNP) Shares This Year?

So we'll take a look at whether insiders have been buying or selling shares in Freedom Foods Group Limited (ASX:FNP). … It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. … The Last 12 Months Of Insider Transactions At Freedom Foods Group.

Simply Wall St -

A Closer Look At Freedom Foods Group Limited's (ASX:FNP) Uninspiring ROE

We'll use ROE to examine Freedom Foods Group Limited (ASX:FNP), by way of a worked example. … Freedom Foods Group has a ROE of 2.5%, based on the last twelve months. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Do Freedom Foods Group Limited’s (ASX:FNP) Returns Compare To Its Industry?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

FNP Company Info

Description

Freedom Foods Group Limited engages in sourcing, manufacturing, selling, marketing, and distribution of plant-based beverages, and dairy and nutritional ingredient products in Australia, New Zealand, China, South East Asia, and North America. It operates through five segments: Dairy and Nutritional Ingredients, Plant Based Beverages, Cereal and Snacks, Consumer Nutritionals, and Specialty Seafood. The company offers gluten free, wheat free, nut free, nutritional oat based, low sugar or salt, fortified, or functional products, including breakfast cereals, snack bars, and other related products. It also provides dairy milk beverage and nutritional ingredient products; UHT food and beverage products, such as liquid stocks, soy, rice, and almond beverages; performance and adult nutritional products comprising powders, bars, and drinks; and canned seafood products that include sardines, salmon, and specialty seafood, as well as invests in dairy farming operations. The company was founded in 1986 and is headquartered in Taren Point, Australia. Freedom Foods Group Limited is a subsidiary of Arrovest Pty Limited.

Details
Name: Freedom Foods Group Limited
FNP
Exchange: ASX
Founded: 1986
A$1,405,451,902
272,903,282
Website: http://ffgl.com.au
Address: Freedom Foods Group Limited
80 Box Road,
Taren Point,
New South Wales, 2229,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX FNP Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
OTCPK FRDZ.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
CHIA FNP Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
Freedom Foods Group employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 10:34
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/02
Last earnings filing: 2019/08/29
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.