Fraser and Neave, Limited

Fraser and Neave, Limited

F99.SI
Fraser and Neave, LimitedSG flagStock Exchange of Singapore
1.44
SGD
-0.01
- -
2.10BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.59
1.45
1.47
1.37
1.31
1.27
1.31
1.26
1.29
1.38
1.44
1.48
1.59
1.34
Basic EPS, GAAP
3.77
0.1
0.44
0.07
0.88
0.09
0.11
0.1
0.1
0.09
0.09
0.1
0.1
0.1
Free Cash Flow per Basic Share
-0.15
0.09
0.11
0.07
- -
0.04
0.02
-0.06
0.1
-0.09
0.08
0.07
- -
-0.06
Dividend per Share
0.16
0.14
0.05
0.05
0.05
0.05
0.05
0.06
0.05
0.05
0.05
0.06
0.06
0.01
Book Value per Share
1
0.58
0.59
0.59
0.59
0.59
0.59
0.59
0.59
0.59
0.59
0.59
0.59
0.59
Tangible Book Value per Share
6.04
1.3
1.69
2.1
2.08
2.09
2.19
2.23
2.26
2.29
2.16
2.14
2.1
2.24
Basic Weighted Avg Shares
1,441
1,445
1,446
1,446
1,447
1,448
1,449
1,450
1,452
1,453
1,455
1,456
1,456
1,456
Sales/Revenue/Turnover
2,294
2,093
2,121
1,979
1,898
1,835
1,902
1,834
1,879
2,003
2,099
2,162
2,323
1,947
Operating Margin (%)
4.9
5.65
3.51
5.81
4.5
6.32
7.92
6.46
7.63
6.63
7.2
9.35
9.74
7.76
Depreciation Expense
94
85
92
62
57
58
61
88
90
85
88
87
88
75
Net Income, GAAP
5,430
147
633
108
1,279
124
152
149
140
125
133
151
141
151
Effective Tax Rate (%)
64.77
34.25
18.99
11.96
1.1
9.87
20.93
15.02
15.08
12.49
8.35
17.99
20.6
21.85
Profit Margin (%)
236.7
7.03
29.82
5.46
67.41
6.73
8.01
8.14
7.47
6.23
6.35
6.98
6.08
7.73
Working Capital
5,464
501
1,119
1,175
538
326
533
474
212
525
330
540
290
447
LT Debt
2,583
119
98
125
517
497
820
821
536
873
826
960
767
850
Total Equity
8,878
2,002
2,556
3,153
3,125
3,164
3,333
3,396
3,451
3,502
3,403
3,381
3,320
3,417
Return on Invested Capital (%)
0.32
1.06
2.47
3.37
2.17
2.45
2.88
2.36
2.77
2.6
3.05
3.6
3.95
2.85
Return on Capital (%)
94.6
1.43
42.03
4.33
66.37
4.13
5.28
5.26
4.82
4.25
4.04
4.61
4.13
5.35
Return on Common Equity (%)
369.3
12.87
74.69
12.73
150.65
14.53
17.87
17.46
16.38
14.52
15.44
17.45
16.32
17.62

Capital Structure

FRC

in mil. unless spec.
Sep'19
Dec'20
Mar'20
ST Debt
9
25
35
LT Borrowings
820
824
823
LT Finance Leases
- -
41
27
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,449
1,450
1,450
Market Capitalization
- -
- -
- -

Working Capital

FRC

in mil. unless spec.
Sep'19
Dec'20
Mar'20
Total Current Assets
1,035
1,083
933
Cash, Cash Equivalents & STI
422
391
249
Accounts Receivable, Net
277
315
307
Inventories
262
273
291
Total Current Liabilities
502
521
485
Payables & Accruals
- -
- -
- -
ST Debt
9
25
35
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.88%
-0.43%
-1.78%
Free Cash Flow
-279.19%
-153.11%
-99.32%
Net Income, GAAP
92.82%
-0.68%
-6.38%
Sales/Revenue/Turnover
1.02%
4.86%
7.43%
Total Cash Common Dividend
1.38%
0.27%
-0.01%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2,162
2025
- -
- -
- -
- -
2,323
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.1
2025
- -
- -
- -
- -
0.1
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.06
2025
- -
- -
- -
- -
0.06
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Rahul John. R. Colaco
Full Time Employees
7,300
Sector
Consumer Defensive
Industry
Packaged Foods
Address
No. 20-00 Alexandra Point Singapore Singapore 119958
IPO Date
Jun 29, 2006
Business
Fraser and Neave, Limited (F99.SI) is a Singapore-based conglomerate engaged in food and beverage production and sales, as well as publishing and printing activities across Southeast Asia. Founded in 1898 with origins tracing back to 1883, the company is headquartered in Singapore and operates principally in Singapore, Malaysia, Thailand, Vietnam, and select international markets including Cambodia, Brunei, and Indochina; it employs over 7,300 people and maintains a presence in 12 countries spanning Asia Pacific and the Americas. The food and beverage division, its largest segment, encompasses beverages, dairies, and ice cream through a 55.5% stake in Malaysia-listed Fraser & Neave Holdings Bhd (F&NHB), alongside wholly-owned or majority-owned subsidiaries in Singapore, Malaysia, and Thailand; core offerings include soft drinks such as carbonated beverages under the F&N brand, isotonic drinks under 100PLUS, non-carbonated options like F&N NUTRISOY soya milk, F&N SEASONS Asian drinks, F&N FRUIT TREE juices, and F&N ICE MOUNTAIN water; beer under the CHANG brand; dairies featuring sweetened condensed and evaporated milk under F&N, GOLD COIN, TEAPOT, CARNATION, BEAR BRAND, IDEAL, and MILKMAID labels, liquid milk under F&N MAGNOLIA and FARMHOUSE, and pasteurised juices under F&N FRUIT TREE FRESH and SUNKIST; ice cream under F&N MAGNOLIA and F&N KING'S; halal packaged foods via the Sri Nona Group including rice cakes (Nona Ketupat), condiments, ginger tea powder, desserts, and jams; and canned beverages through Yoke Food Industries, with an additional 20.4% equity interest in Vietnam Dairy Products Joint Stock Company (Vinamilk). The publishing and printing division provides education and reference publishing through Marshall Cavendish, commercial and packaging printing via Times Printers and Print Lab, office and school solutions, distribution and retail under Times Distribution, Pansing, Times Bookstores, Kaboom, and GoGuru. Recent developments include F&NHB's record FY2024 revenue of RM5.25 billion and operating profit growth of 10.4%, driven by domestic sales and exports; strategic investments in new manufacturing facilities such as a carbonated beverages and water line in Butterworth, a sterilised milk line in Pulau Indah, a chocolate line in Rawang, a dairy plant in Cambodia's Suvannaphum Special Economic Zone, and the F&N AgriValley dairy farm in Gemas to enhance food security; synergies from prior acquisitions like Sri Nona and Cocoaland in 2021-2022 bolstering halal operations; FY2025 first-half profit after tax of $210.4 million; and board changes in January 2025 including new director appointments and share awards under the Restricted Share Plan.