1. Malaysia Stocks

  2. •

    Consumer non-durables

  3. •

    Food: meat/fish/dairy
Fraser & Neave Holdings Bhd.

Fraser & Neave Holdings Bhd.

MMYX:F&N
20.00
MYR
0.00
(0.00%)
24.57P/E
Nov 10Next Earn
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
9.65
10.45
11.22
11.38
11.2
10.54
11.12
10.88
11.26
12.19
13.65
14.32
14.19
13.54
Basic EPS, GAAP
0.71
0.71
0.76
1.05
0.88
1.05
1.12
1.12
1.08
1.05
1.47
1.48
1.39
1.14
Free Cash Flow per Basic Share
1.02
0.81
0.72
0.92
0.18
1
1.2
0.36
1.28
-0.25
2.58
1.24
-0.22
0.51
Dividend per Share
0.58
0.62
0.55
0.63
0.58
0.57
0.58
0.6
0.6
0.6
0.6
0.8
0.63
0.3
Book Value per Share
4.52
4.62
5.12
5.43
5.8
6.29
6.9
7.34
7.69
8.14
9.13
9.76
10.55
10.6
Tangible Book Value per Share
4.15
4.25
4.76
5.08
5.46
5.96
6.57
7.21
7.45
7.89
7.94
8.59
9.39
9.45
Basic Weighted Avg Shares
364
365
366
366
366
367
367
367
367
367
366
366
366
366
Sales/Revenue/Turnover
3,508
3,819
4,108
4,168
4,101
3,871
4,077
3,989
4,131
4,470
5,001
5,246
5,197
4,962
Operating Margin (%)
7.56
8.14
8.14
9.96
9.61
10.86
12.64
12.58
11.46
10.07
12.88
13.56
14.37
12.96
Depreciation Expense
88
88
93
97
92
91
102
133
136
126
146
145
151
170
Net Income, GAAP
259
259
280
385
323
387
410
410
395
383
537
543
508
416
Effective Tax Rate (%)
15.7
17.77
16.1
13
8.58
8.87
23.03
21.57
17.58
15.81
13.23
21.91
29.57
32.63
Profit Margin (%)
7.4
6.79
6.82
9.25
7.88
9.99
10.06
10.29
9.57
8.57
10.74
10.35
9.78
8.39
Working Capital
373
572
744
901
753
794
961
1,020
1,109
1,396
1,659
1,623
1,098
922
LT Debt
150
300
300
375
182
115
96
11
54
263
755
639
392
384
Total Equity
1,649
1,689
1,877
1,989
2,124
2,306
2,529
2,690
2,819
2,984
3,352
3,587
3,879
3,899
Return on Invested Capital (%)
11.08
12.44
13.23
15.75
14.65
14.83
14.84
14.21
13.56
12.18
15
13.02
11.72
9.48
Return on Capital (%)
13.5
13.33
13.92
17.4
13.78
15.57
15.63
15.16
13.98
12.59
15.17
13.44
11.86
9.5
Return on Common Equity (%)
16.21
15.55
15.71
19.94
15.72
17.45
16.97
15.72
14.34
13.21
16.98
15.69
13.67
10.91

Capital Structure

MYR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
ST Debt
174
263
263
LT Borrowings
337
336
335
LT Finance Leases
54
49
49
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
366
366
366
Market Capitalization
13,003
10,989
10,227

Working Capital

MYR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
Total Current Assets
2,341
2,262
2,183
Cash, Cash Equivalents & STI
626
606
544
Accounts Receivable, Net
931
888
857
Inventories
784
767
781
Total Current Liabilities
1,289
1,311
1,260
Payables & Accruals
- -
- -
- -
ST Debt
174
263
263
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.55%
7.62%
8.15%
Free Cash Flow
-78.36%
-230.31%
-117.92%
Net Income, GAAP
7.53%
5.63%
-6.32%
Sales/Revenue/Turnover
2.5%
5.52%
-0.93%
Total Cash Common Dividend
- -
- -
-21.25%

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,333
1,352
1,304
1,256
5,246
2025
1,390
1,334
1,246
1,227
5,197
2026
1,303
1,232
1,199
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.47
0.45
0.33
0.23
1.48
2025
0.46
0.38
0.23
0.31
1.39
2026
0.31
0.26
0.26
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.3
- -
0.8
2025
- -
- -
0.3
- -
0.63
2026
- -
- -
0.3
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Tarang Gupta
Full Time Employees
3,840
Sector
Consumer non-durables
Industry
Food: meat/fish/dairy
Address
No. 1, Jalan Bukit Belimbing 26/38 Shah Alam SE Malaysia 40400
IPO Date
Jan 3, 1984
Website
fn.com.my
Similar Companies
Milky Mist Dairy Food Ltd. (NSE:MILKYMIST)
Parag Milk Foods Ltd. (NSE:PARAGMILK)
Juhayna Food Industries (EGX:JUFO)
Hormel Foods Corporation (NYSE:HRL)
Vietnam Dairy Products Corp. (HOSE:VNM)
Kwality Walls (India) Limited (NSE:KWIL)
Business
Fraser & Neave Holdings Bhd Fraser & Neave Holdings Bhd engages in the manufacture, sale, and marketing of a diverse portfolio of Halal-certified beverages, dairy, and food products across Malaysia, Thailand, Brunei, and Indochina. The company offers core products including isotonic drinks such as 100PLUS; carbonated soft drinks like F&N Fun Flavours, F&N Seasons, EST Cola, OYOSHI, and Rangers; natural mineral waters under brands including Borneo Springs, F&N Ice Mountain; dairy products encompassing sweetened condensed milk, evaporated milk, sterilized milk, fresh milk, and juice under F&N, Teapot, Gold Coin, Cap Junjung, Ideal, Carnation, F&N Magnolia, and Farmhouse; as well as packaged foods such as ketupat, oyster sauce, cooking sauces under NONA, confectionery, and snacks including LOT 100 through subsidiaries Sri Nona Foods Sdn Bhd and Cocoaland Holdings Berhad. Fraser & Neave Holdings Bhd operates 13 state-of-the-art manufacturing facilities in Malaysia and Thailand, exports to 93 countries with a focus on Halal markets, and maintains a strong distribution network serving retail, commercial, and institutional customers. Founded in 1961 and headquartered at F&N Point, No. 3 Jalan Metro Pudu 1, Fraser Business Park, Kuala Lumpur, Malaysia, the company functions as a subsidiary of Fraser and Neave, Limited, a Singapore-listed conglomerate, and emphasizes sustainable practices through ISO-certified green plants incorporating solar photovoltaic systems and water conservation technologies. In recent developments, Fraser & Neave Holdings Bhd completed the acquisition of Cocoaland Holdings Berhad for RM488.15 million in 2022 to bolster its confectionery and snack segments, acquired Sri Nona food companies including Sri Nona Food Industries, Sri Nona Industries, and Lee Shun Hing Sauce for up to RM60 million in 2020 to establish Halal foods as a growth pillar, purchased Ladang Permai Damai to enter upstream fresh milk production, opened a liquid milk and plant-based beverage plant in Wang Muang, Thailand, and initiated an integrated dairy farm in Gemas, Negeri Sembilan; more recently in 2025, it divests its 50% stake in PJ Land for RM180 million while retaining interest in Vacaron Company Sdn Bhd with a new joint-venture partner, and underwent substantial shareholding restructuring with Wallapa Traisorat acquiring a 55.475% voting stake as part of internal group maneuvers involving key stakeholders.