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Fonterra Shareholders Fund

ASX:FSF
Snowflake Description

Excellent balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FSF
ASX
NZ$406M
Market Cap
  1. Home
  2. AU
  3. Food, Beverage & Tobacco
Company description

Fonterra Shareholders Fund is a unit trust. The last earnings update was 17 days ago. More info.


Add to Portfolio Compare Print
  • Fonterra Shareholders Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
FSF Share Price and Events
7 Day Returns
3.3%
ASX:FSF
-0.4%
AU Food
1.3%
AU Market
1 Year Returns
-11%
ASX:FSF
-10%
AU Food
9.9%
AU Market
FSF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fonterra Shareholders Fund (FSF) 3.3% 26.1% 1.6% -11% -32.6% -33.7%
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
  • FSF underperformed the Food industry which returned -10% over the past year.
  • FSF underperformed the Market in Australia which returned 9.9% over the past year.
Price Volatility
FSF
Industry
5yr Volatility vs Market

Value

 Is Fonterra Shareholders Fund 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 Fonterra Shareholders Fund 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 Fonterra Shareholders Fund.

ASX:FSF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
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:FSF
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- 28%) (0%))
0.693
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:FSF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fonterra Shareholders Fund is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:FSF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NZD, Millions) Source Present Value
Discounted (@ 7.08%)
2020 1,223.00 Analyst x1 1,142.14
2021 389.00 Analyst x1 339.26
2022 467.00 Analyst x1 380.36
2023 498.36 Est @ 6.71% 379.06
2024 525.24 Est @ 5.39% 373.09
2025 548.71 Est @ 4.47% 364.00
2026 569.69 Est @ 3.82% 352.92
2027 588.88 Est @ 3.37% 340.69
2028 606.85 Est @ 3.05% 327.87
2029 624.03 Est @ 2.83% 314.86
Present value of next 10 years cash flows NZ$4,314.00
ASX:FSF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NZ$624.03 × (1 + 2.31%) ÷ (7.08% – 2.31%)
NZ$13,390.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NZ$13,390.40 ÷ (1 + 7.08%)10
NZ$6,756.31
ASX:FSF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NZ$4,314.00 + NZ$6,756.31
NZ$11,070.31
Equity Value per Share
(NZD)
= Total value / Shares Outstanding
= NZ$11,070.31 / 101.82
NZ$108.72
ASX:FSF Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in ASX:FSF represents 0.93233x of NZSE:FSF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.93233x
Value per Share
(Listing Adjusted, AUD)
= Value per Share (NZD) x Listing Adjustment Factor
= NZ$ 108.72 x 0.93233
A$101.37
Value per share (AUD) From above. A$101.37
Current discount Discount to share price of A$3.72
= -1 x (A$3.72 - A$101.37) / A$101.37
96.3%

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

Current Discount
Amount off the current price Fonterra Shareholders Fund is available for.
Intrinsic value
>50%
Share price is A$3.72 vs Future cash flow value of A$101.37
Current Discount Checks
For Fonterra Shareholders Fund to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fonterra Shareholders Fund's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Fonterra Shareholders Fund's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Fonterra Shareholders Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fonterra Shareholders Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:FSF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-07-31) in NZD Not available
NZSE:FSF Share Price ** NZSE (2019-10-11) in NZD NZ$3.99
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 Fonterra Shareholders Fund.

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

  • Unable to compare the PE ratio to the industry average as no data exists.
  • Unable to calculate PE ratio for Fonterra Shareholders Fund, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Fonterra Shareholders Fund's expected growth come at a high price?
Raw Data
ASX:FSF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
46.6%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 .

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

  • Unable to calculate PEG ratio for Fonterra Shareholders Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Fonterra Shareholders Fund's assets?
Raw Data
ASX:FSF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-07-31) in NZD Not available
NZSE:FSF Share Price * NZSE (2019-10-11) in NZD NZ$3.99
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:FSF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NZSE:FSF Share Price ÷ Book Value per Share (both in NZD)

= 3.99 ÷ 3.77

1.06x

* Primary Listing of Fonterra Shareholders Fund.

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

  • Fonterra Shareholders Fund is good value based on assets compared to the AU Food industry average.
X
Value checks
We assess Fonterra Shareholders Fund'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. Fonterra Shareholders Fund has a total score of 3/6, 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.

Future Performance

 How is Fonterra Shareholders Fund expected to perform in the next 1 to 3 years based on estimates from 5 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
46.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fonterra Shareholders Fund expected to grow at an attractive rate?
  • Fonterra Shareholders Fund's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Fonterra Shareholders Fund's earnings growth is expected to exceed the Australia market average.
  • Fonterra Shareholders Fund's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:FSF Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:FSF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 46.6%
ASX:FSF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 41.7%
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:FSF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in NZD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:FSF Future Estimates Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-07-31 22,081 967 547 5
2021-07-31 21,616 889 470 5
2020-07-31 20,877 1,023 347 5
2019-10-13
ASX:FSF Past Financials Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income *
2019-07-31 -144 38 0
2019-04-30 -157 99 0
2019-01-31 -169 159 0
2018-10-31 -127 134 0
2018-07-31 -85 108 0
2018-04-30 -17 36 0
2018-01-31 52 -36 0
2017-10-31 66 -42 0
2017-07-31 79 -47 0
2017-04-30 80 -58 0
2017-01-31 80 -69 0
2016-10-31 114 -33 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fonterra Shareholders Fund's earnings are expected to grow significantly at over 20% yearly.
  • Fonterra Shareholders Fund'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:FSF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Fonterra Shareholders Fund Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:FSF Future Estimates Data
Date (Data in NZD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-07-31 0.33 0.40 0.29 3.00
2021-07-31 0.29 0.34 0.25 4.00
2020-07-31 0.22 0.27 0.18 4.00
2019-10-13
ASX:FSF Past Financials Data
Date (Data in NZD Millions) EPS *
2019-07-31
2019-04-30
2019-01-31
2018-10-31
2018-07-31
2018-04-30
2018-01-31
2017-10-31
2017-07-31
2017-04-30
2017-01-31
2016-10-31

*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.
  • Fonterra Shareholders Fund is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fonterra Shareholders Fund'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.
Fonterra Shareholders Fund 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.

Past Performance

  How has Fonterra Shareholders Fund 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 Fonterra Shareholders Fund'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.
  • Insufficient data to establish if Fonterra Shareholders Fund's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Fonterra Shareholders Fund's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Fonterra Shareholders Fund's 1-year growth to the AU Food industry average as it is not currently profitable.
Earnings and Revenue History
Fonterra Shareholders Fund'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 Fonterra Shareholders Fund Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:FSF Past Revenue, Cash Flow and Net Income Data
Date (Data in NZD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-07-31 -144.00 0.00
2019-04-30 -156.50 0.00
2019-01-31 -169.00 0.00
2018-10-31 -127.00 0.00
2018-07-31 -85.00 0.00
2018-04-30 -16.50 0.00
2018-01-31 52.00 0.00
2017-10-31 65.50 0.00
2017-07-31 79.00 0.00
2017-04-30 79.50 0.00
2017-01-31 80.00 0.00
2016-10-31 113.50 0.00
2016-07-31 147.00 0.00
2016-04-30 82.00 0.00
2016-01-31 17.00 0.00
2015-10-31 -70.50 0.00
2015-07-31 -158.00 0.00
2015-04-30 -100.00 0.00
2015-01-31 -42.00 0.00
2014-10-31 -69.50 0.00
2014-07-31 -97.00 0.00
2013-07-31 304.50 0.00

*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.
  • It is difficult to establish if Fonterra Shareholders Fund has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Fonterra Shareholders Fund has efficiently used its assets last year compared to the AU Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Fonterra Shareholders Fund improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Fonterra Shareholders Fund'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.
Fonterra Shareholders Fund 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.

Health

 How is Fonterra Shareholders Fund'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 Fonterra Shareholders Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Unable to compare short term assets to short term liabilities as Fonterra Shareholders Fund has not reported sufficient balance sheet data.
  • Fonterra Shareholders Fund has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fonterra Shareholders Fund'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.
  • Low level of unsold assets.
  • Fonterra Shareholders Fund has no debt, it does not need to be covered by short term assets.
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 Fonterra Shareholders Fund Company Filings, last reported 2 months ago.

ASX:FSF Past Debt and Equity Data
Date (Data in NZD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-07-31 388.00 0.00
2019-04-30 388.00 0.00
2019-01-31 524.00 0.00
2018-10-31 524.00 0.00
2018-07-31 570.00 0.00
2018-04-30 570.00 0.00
2018-01-31 852.00 0.00
2017-10-31 852.00 0.00
2017-07-31 763.00 0.00
2017-04-30 763.00 0.00
2017-01-31 764.00 0.00
2016-10-31 764.00 0.00
2016-07-31 637.00 0.00
2016-04-30 637.00 0.00
2016-01-31 615.00 0.00
2015-10-31 615.00 0.00
2015-07-31 494.00 0.00
2015-04-30 494.00 0.00
2015-01-31 713.00 0.00
2014-10-31 713.00 0.00
2014-07-31 681.00 0.00
2013-07-31 788.00 0.00
  • Fonterra Shareholders Fund has no debt.
  • Fonterra Shareholders Fund has not taken on any debt in the past 5 years.
  • Fonterra Shareholders Fund has no debt, it does not need to be covered by operating cash flow.
  • Fonterra Shareholders Fund has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Fonterra Shareholders Fund'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. Fonterra Shareholders Fund has a total score of 5/6, 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.

Dividends

 What is Fonterra Shareholders Fund'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
0%
Current annual income from Fonterra Shareholders Fund dividends. Estimated to be 3.63% next year.
If you bought A$2,000 of Fonterra Shareholders Fund shares you are expected to receive A$0 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?
  • Unable to evaluate Fonterra Shareholders Fund's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Fonterra Shareholders Fund's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:FSF 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 5 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:FSF Future Dividends Estimate Data
Date (Data in NZ$) Dividend per Share (annual) Avg. No. Analysts
2022-07-31 0.18 5.00
2021-07-31 0.15 5.00
2020-07-31 0.09 4.00
2019-10-13
ASX:FSF Past Annualized Dividends Data
Date (Data in NZ$) Dividend per share (annual) Avg. Yield (%)
2019-09-26 0.000 0.000
2019-03-20 0.000 0.000
2018-09-13 0.000 0.000
2018-04-17 0.200 3.808
2017-09-25 0.400 6.467
2017-03-22 0.400 6.607
2016-08-17 0.400 6.639
2016-05-16 0.450 8.013
2016-03-23 0.400 6.888
2015-09-24 0.300 5.299
2015-03-25 0.150 3.029
2014-09-23 0.100 1.653
2014-03-26 0.100 1.652
2013-09-25 0.320 5.103
2013-03-27 0.312 4.271

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

  • Unable to perform a dividend volatility check as Fonterra Shareholders Fund has not reported any payouts.
  • Unable to verify if Fonterra Shareholders Fund's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Fonterra Shareholders Fund's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Fonterra Shareholders Fund has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Fonterra Shareholders Fund'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 Fonterra Shareholders Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fonterra Shareholders Fund 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.

Management

 What is the CEO of Fonterra Shareholders Fund'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.
  • Fonterra Shareholders Fund has no CEO, or we have no data on them.
Management Team

Lukas Paravicini

TITLE
Chief Financial Officer
TENURE
6.8 yrs

Abhy Maharaj

TITLE
Group GM Investor Relations

Maury Penno

TITLE
Managing Director of People

Jacqueline Chow

TITLE
Managing Director of Global Brands & Nutrition At Fsf Management Company Limited

Pascal de Petrini

TITLE
Managing Director of Asia Pacific
AGE
59
Board of Directors
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$) Value (A$)
05. Mar 19 Sell Legg Mason, Inc. Company 11. Dec 18 28. Feb 19 -1,153,486 A$4.18 A$-4,816,359
X
Management checks
We assess Fonterra Shareholders Fund'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. Fonterra Shareholders Fund 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.

News

Simply Wall St News

Company Info

Description

Fonterra Shareholders Fund is a unit trust. The fund is based in Auckland, New Zealand.

Details
Name: Fonterra Shareholders Fund
FSF
Exchange: ASX
Founded:
NZ$379,016,203
101,821,451
Website: http://www.fonterra.com/nz/en/Financial/Fonterra+Shareholders+Fund
Address: Fonterra Shareholders Fund
109 Fanshawe Street,
Auckland,
1010,
New Zealand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NZSE FSF Units New Zealand Stock Exchange NZ NZD 30. Nov 2012
OTCPK FTRR.F Units Pink Sheets LLC US USD 30. Nov 2012
ASX FSF Units Australian Securities Exchange AU AUD 30. Nov 2012
CHIA FSF Units Chi-X Australia AU AUD 30. Nov 2012
Number of employees
Current staff
Staff numbers
0
Fonterra Shareholders Fund 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 10:39
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/30
Last earnings filing: 2019/09/26
Last earnings reported: 2019/07/31
Last annual earnings reported: 2019/07/31


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.