Fraser and Neave, Limited

Fraser and Neave, Limited

FNEVF
Fraser and Neave, LimitedUS flagOther OTC
1.14
USD
- -
- -
1.66BMarket Cap
Fraser and Neave, Limited
FNEVF
(Other OTC)

Recent

price

1.14

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4.08
3.28
2.51
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
Revenue per Share
0.59
0.64
0.59
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
Basic EPS, GAAP
0.11
0.39
0.26
-0.15
0.09
0.11
0.07
- -
0.04
0.02
-0.06
0.1
-0.09
0.08
0.07
- -
-0.06
Free Cash Flow per Basic Share
0.15
0.33
0.18
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
Dividend per Share
0.98
1.01
1.06
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
Book Value per Share
4.51
5
5.68
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
Tangible Book Value per Share
1,398
1,408
1,420
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
Basic Weighted Avg Shares
5,697
4,610
3,569
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
Sales/Revenue/Turnover
17.37
16.96
12.56
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
Operating Margin (%)
152
141
148
94
85
92
62
57
58
61
88
90
85
88
87
88
75
Depreciation Expense
820
898
838
5,430
147
633
108
1,279
124
152
149
140
125
133
151
141
151
Net Income, GAAP
23.07
18.62
11.45
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
Effective Tax Rate (%)
14.39
19.47
23.47
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
Profit Margin (%)
4,223
4,849
5,596
5,464
501
1,119
1,175
538
326
533
474
212
525
330
540
290
447
Working Capital
2,666
3,216
2,972
2,583
119
98
125
517
497
820
821
536
873
826
960
767
850
LT Debt
6,948
7,675
8,266
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
Total Equity
6.48
5.42
3.24
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 Invested Capital (%)
15.61
11.02
11.83
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 Capital (%)
60.36
64.32
57.43
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
Return on Common Equity (%)

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
1,784
1,741
1,398

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
- -
- -
- -
- -
- -
Business
Fraser and Neave, Limited (F&N) is a Singapore-based multinational primarily engaged in the food and beverage and publishing and printing industries across Southeast Asia, including Singapore, Malaysia, Thailand, and Vietnam. Founded in 1883 and headquartered in Singapore, the company produces and markets a wide range of core products including carbonated soft drinks under the F&N brand; isotonic beverages under the 100PLUS brand; non-carbonated drinks such as F&N NUTRISOY, F&N SEASONS, and F&N FRUIT TREE FRESH; bottled water under the F&N ICE MOUNTAIN brand; beer marketed under the CHANG label; dairy products under F&N MAGNOLIA and FARMHOUSE brands, and ice cream products under F&N MAGNOLIA and F&N KING'S brands. Its product portfolio also includes sweetened and evaporated milk under brands like GOLD COIN and licensed third-party brands such as CARNATION and BEAR BRAND. In addition, Fraser and Neave's publishing and printing segment encompasses operations under subsidiaries including Marshall Cavendish, Times Printers, Print Lab, Times Distribution, and bookstores like Times bookstores. Recent strategic developments include the integration of its Sri Nona and Cocoaland food pillars into a single entity, Sri Nona Foods, to standardize operations and boost operational efficiency. The company has refreshed key food brands such as LOT 100, COCOPIE, and ROTONG with updated packaging and is leveraging F&N’s distribution network to expand product reach globally, including markets like Singapore, Indonesia, Australia, the US, and the UK. Investments in expanding production capabilities include new lines for carbonated beverages and drinking water in Butterworth, a sterilized milk filling line in Pulau Indah, and a new chocolate manufacturing line in Rawang, Malaysia. F&N has also established a new subsidiary in Cambodia to tap growth in emerging markets and is advancing the development of a dairy manufacturing plant there. Financially, the company reported revenue growth driven by stronger F&B sales and improved operational management, offsetting challenges in its publishing and printing segment, which faced reduced print orders and business unit closures. The company remains majority-owned by Thai Beverage Public Company Limited through its subsidiary InterBev Investment Limited, following a major share swap transaction in 2024 which increased ThaiBev’s stake to approximately 69.7%. Fraser and Neave serves both consumer and commercial markets with a broad geographic footprint across Southeast Asia and beyond, focusing on integrated marketing, distribution, R&D, and financial management to reinforce its market leadership in food and beverage and publishing sectors. Its diverse brand portfolio, ongoing operational enhancements, and strategic expansions underpin its growth trajectory in the region. The company also holds significant investments and subsidiaries including F&N Foods Pte Ltd, F&N Creameries Group, Yoke Food Industries, and equity interest in Vietnam Dairy Products Joint Stock Company (Vinamilk), strengthening its presence in key dairy and beverage markets. This comprehensive business model anchored since its founding in 1883 positions Fraser and Neave as a leading consumer group within Southeast Asia’s F&B and publishing industries.