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ForFarmers N.V.ENXTAM:FFARM Stock Report

Market Cap €554.2m
Share Price
€6.26
€7.88
20.5% undervalued intrinsic discount
1Y50.1%
7D-4.0%
1D
Portfolio Value
View

ForFarmers N.V.

ENXTAM:FFARM Stock Report

Market Cap: €554.2m

ForFarmers (FFARM) Stock Overview

Provides feed solutions for conventional and organic livestock farming under the ForFarmers brand in the Netherlands, Germany, the United Kingdom, Poland, Belgium, and internationally. More details

FFARM fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health5/6
Dividends4/6

FFARM Community Fair Values

Create Narrative

See what 26 others think this stock is worth. Follow their fair value or set your own to get alerts.

ForFarmers N.V. Competitors

Price History & Performance

Summary of share price highs, lows and changes for ForFarmers
Historical stock prices
Current Share Price€6.26
52 Week High€6.92
52 Week Low€3.67
Beta1.06
1 Month Change5.74%
3 Month Change-3.99%
1 Year Change50.12%
3 Year Change114.75%
5 Year Change19.47%
Change since IPO-9.98%

Recent News & Updates

Narrative Update May 26

FFARM: Future Upside Will Rely On €0.30 Dividend And Share Buybacks

Analysts have nudged their price target for ForFarmers from €7.75 to €7.88, reflecting updated assumptions around revenue growth, profit margins, and a slightly lower future P/E multiple. What's in the News The Board of Directors of ForFarmers N.V. authorized a share buyback plan on April 16, 2026, signaling an intention to return capital to shareholders through repurchases (Key Developments).
Narrative Update May 04

FFARM: Future Returns Will Rely On €0.30 Dividend And Steady P/E Multiple

ForFarmers' analyst price target remains steady at €7.75, as analysts keep their fair value, discount rate, revenue growth, profit margin assumptions and future P/E expectations essentially unchanged. What's in the News The General Meeting of Shareholders on 16 April 2026 approved a dividend of €0.30 per ordinary share.
Narrative Update Apr 19

FFARM: Future Returns Will Rely On Cash Dividend And Steady Earnings Multiple

Analysts have maintained their €7.75 price target for ForFarmers. This reflects their view that the key inputs to their models, including the discount rate, long-term revenue growth, profit margin and future P/E assumptions, remain effectively the same as before.
Narrative Update Apr 03

FFARM: Future Returns Will Rely On Stable Dividend And Consistent Earnings Multiple

ForFarmers' analyst price target is unchanged at €7.75, as analysts keep their fair value, discount rate, revenue growth and profit margin assumptions broadly consistent with prior estimates. What's in the News ForFarmers N.V. announced an annual dividend of €0.30 per share, with payment planned for May 4, 2026 (Key Developments).

Recent updates

Narrative Update May 26

FFARM: Future Upside Will Rely On €0.30 Dividend And Share Buybacks

Analysts have nudged their price target for ForFarmers from €7.75 to €7.88, reflecting updated assumptions around revenue growth, profit margins, and a slightly lower future P/E multiple. What's in the News The Board of Directors of ForFarmers N.V. authorized a share buyback plan on April 16, 2026, signaling an intention to return capital to shareholders through repurchases (Key Developments).
Narrative Update May 04

FFARM: Future Returns Will Rely On €0.30 Dividend And Steady P/E Multiple

ForFarmers' analyst price target remains steady at €7.75, as analysts keep their fair value, discount rate, revenue growth, profit margin assumptions and future P/E expectations essentially unchanged. What's in the News The General Meeting of Shareholders on 16 April 2026 approved a dividend of €0.30 per ordinary share.
Narrative Update Apr 19

FFARM: Future Returns Will Rely On Cash Dividend And Steady Earnings Multiple

Analysts have maintained their €7.75 price target for ForFarmers. This reflects their view that the key inputs to their models, including the discount rate, long-term revenue growth, profit margin and future P/E assumptions, remain effectively the same as before.
Narrative Update Apr 03

FFARM: Future Returns Will Rely On Stable Dividend And Consistent Earnings Multiple

ForFarmers' analyst price target is unchanged at €7.75, as analysts keep their fair value, discount rate, revenue growth and profit margin assumptions broadly consistent with prior estimates. What's in the News ForFarmers N.V. announced an annual dividend of €0.30 per share, with payment planned for May 4, 2026 (Key Developments).
Narrative Update Mar 20

FFARM: Future Returns Will Rely On Stable Dividend And Higher Earnings Multiple

Analysts have kept their price target for ForFarmers steady at €7.75, with only negligible tweaks to model inputs such as revenue growth, profit margin assumptions and the future P/E multiple. What's in the News ForFarmers N.V. declared an annual dividend of €0.30 per share, with an ex-date set for April 20, 2026, a record date on April 21, 2026, and payment scheduled for May 4, 2026 (Key Developments).
Narrative Update Mar 06

FFARM: Future Returns Will Rely On Dividend Appeal And Higher Earnings Multiple

Analysts have revised their price target on ForFarmers from €6.75 to €7.75, citing updated assumptions around revenue growth, profit margins, and the stock's forward P/E multiple. What's in the News ForFarmers N.V. announced an annual dividend of €0.30 per share, with payment scheduled for May 4, 2026.
New Narrative Feb 20

Circular Co Products And Poultry Integration Will Reshape Long Term Earnings Profile

Catalysts About ForFarmers ForFarmers is an animal feed company that produces compound feed and co products for farmers across several European markets. What are the underlying business or industry changes driving this perspective?
Narrative Update Feb 19

FFARM: Future Returns Will Rely On Margins And Higher Discount Rate

Analysts have raised their price target on ForFarmers from €6.40 to €6.75, citing updated assumptions on the discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: revised from €6.40 to €6.75, representing a modest upward adjustment to the implied valuation per share.
Analysis Article Jan 29

ForFarmers N.V. (AMS:FFARM) Surges 27% Yet Its Low P/E Is No Reason For Excitement

ForFarmers N.V. ( AMS:FFARM ) shareholders have had their patience rewarded with a 27% share price jump in the last...
Narrative Update Jan 07

FFARM: Future Upside Will Stem From Steady Margins And Discount Rate

Analysts have made only marginal tweaks to their inputs for ForFarmers, keeping the fair value estimate steady at €6.40. Small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions did not materially shift their overall price target view.
Narrative Update Dec 17

FFARM: Future Upside Will Emerge From Stable Margins And Discount Rate

Analysts have nudged their price target on ForFarmers slightly higher to €6.40 from €6.36, reflecting marginal improvements in long term revenue growth, profit margin expectations and valuation assumptions, despite an essentially unchanged fair value outlook. Valuation Changes Fair Value: Unchanged at €6.40, indicating no material shift in the underlying valuation outcome.
Narrative Update Dec 03

FFARM: Future Upside Will Emerge From Stable Margins And Discount Rate

Analysts have slightly raised their price target on ForFarmers, nudging it higher by approximately €0.05 per share, citing marginal improvements in long term growth and profitability assumptions, despite largely unchanged valuation inputs. Valuation Changes The discount rate is unchanged at 5.168 percent, indicating a stable perceived risk profile.
Narrative Update Nov 18

FFARM: Future Gains Expected Amid Steady Financial Outlook and Modest P/E Uptick

Analysts have maintained their price target for ForFarmers at €6.40, citing stable expectations for the company's discount rate and financial performance. Valuation Changes Consensus Analyst Price Target remains unchanged at €6.40.
Narrative Update Nov 03

FFARM: Improved Risk Profile Will Drive Upside Potential This Year

The analyst price target for ForFarmers has increased from €4.05 to €5.25, as analysts cite an improved risk profile for the company. Analyst Commentary The recent upgrade for ForFarmers reflects shifting sentiment among analysts, with adjustments driven by the company's evolving risk profile and outlook.
Narrative Update Oct 20

Expansion In Poland And Europe Will Fuel Protein Demand

Analysts have raised ForFarmers' price target from €4.05 to €5.25, citing an improved risk profile as the reason for their increased optimism. Analyst Commentary Bullish Takeaways Bullish analysts have raised their price target for ForFarmers, reflecting greater confidence in the company’s outlook and valuation potential.
Narrative Update Oct 05

Expansion In Poland And Europe Will Fuel Protein Demand

Analysts have raised their price target for ForFarmers from €4.05 to €5.25, citing an improved risk profile and a stronger growth outlook for the company. Analyst Commentary Bullish analysts note that the recent upgrade reflects strengthened confidence in ForFarmers' future performance.
Narrative Update Sep 19

Expansion In Poland And Europe Will Fuel Protein Demand

ForFarmers’ net profit margin has notably improved despite softer revenue growth forecasts, prompting analysts to raise the consensus price target from €5.15 to €5.70. Valuation Changes Summary of Valuation Changes for ForFarmers The Consensus Analyst Price Target has significantly risen from €5.15 to €5.70.
Analysis Article Aug 23

ForFarmers N.V. (AMS:FFARM) Shares Fly 27% But Investors Aren't Buying For Growth

ForFarmers N.V. ( AMS:FFARM ) shares have had a really impressive month, gaining 27% after a shaky period beforehand...
Analysis Article Apr 10

Increases to ForFarmers N.V.'s (AMS:FFARM) CEO Compensation Might Cool off for now

Key Insights ForFarmers will host its Annual General Meeting on 17th of April Salary of €584.8k is part of CEO Pieter...
Analysis Article Apr 07

ForFarmers (AMS:FFARM) Has Some Way To Go To Become A Multi-Bagger

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article Feb 28

Solid Earnings May Not Tell The Whole Story For ForFarmers (AMS:FFARM)

Following the solid earnings report from ForFarmers N.V. ( AMS:FFARM ), the market responded by bidding up the stock...
Analysis Article Feb 26

ForFarmers N.V.'s (AMS:FFARM) Share Price Boosted 25% But Its Business Prospects Need A Lift Too

The ForFarmers N.V. ( AMS:FFARM ) share price has done very well over the last month, posting an excellent gain of 25...
User avatar
New Narrative Feb 23

Upcoming Integrations And Sustainable Focus Will Strengthen Position In European Feed Market

Strategic acquisitions and partnerships in Poland and Germany are set to boost market position, expand revenue, and improve margins via increased market presence and synergies.
Analysis Article Aug 16

ForFarmers (AMS:FFARM) Is Posting Promising Earnings But The Good News Doesn’t Stop There

The market seemed underwhelmed by the solid earnings posted by ForFarmers N.V. ( AMS:FFARM ) recently. We have done...
Analysis Article May 03

Here's Why ForFarmers (AMS:FFARM) Has A Meaningful Debt Burden

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Mar 08

ForFarmers (AMS:FFARM) Has Announced That Its Dividend Will Be Reduced To €0.15

ForFarmers N.V. ( AMS:FFARM ) is reducing its dividend from last year's comparable payment to €0.15 on the 24th of...
Analysis Article Jul 16

ForFarmers (AMS:FFARM) Could Be Struggling To Allocate Capital

What underlying fundamental trends can indicate that a company might be in decline? A business that's potentially in...
Analysis Article Apr 13

ForFarmers (AMS:FFARM) Has Affirmed Its Dividend Of €0.29

The board of ForFarmers N.V. ( AMS:FFARM ) has announced that it will pay a dividend on the 28th of April, with...
Analysis Article Feb 27

ForFarmers (AMS:FFARM) Has Announced A Dividend Of €0.29

ForFarmers N.V.'s ( AMS:FFARM ) investors are due to receive a payment of €0.29 per share on 28th of April. This makes...
Analysis Article Nov 30

We Think ForFarmers (AMS:FFARM) Can Stay On Top Of Its Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Aug 19

ForFarmers (AMS:FFARM) Could Be Struggling To Allocate Capital

What underlying fundamental trends can indicate that a company might be in decline? When we see a declining return on...
Analysis Article May 10

Is ForFarmers (AMS:FFARM) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

FFARMNL FoodNL Market
7D-4.0%-2.8%1.9%
1Y50.1%-8.2%32.9%

Return vs Industry: FFARM exceeded the Dutch Food industry which returned -7.7% over the past year.

Return vs Market: FFARM exceeded the Dutch Market which returned 34.6% over the past year.

Price Volatility

Is FFARM's price volatile compared to industry and market?
FFARM volatility
FFARM Average Weekly Movement3.8%
Food Industry Average Movement4.6%
Market Average Movement4.6%
10% most volatile stocks in NL Market7.8%
10% least volatile stocks in NL Market2.6%

Stable Share Price: FFARM has not had significant price volatility in the past 3 months compared to the Dutch market.

Volatility Over Time: FFARM's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18962,728Pieter Wolleswinkelwww.forfarmersgroup.eu

ForFarmers N.V., together with its subsidiaries, provides feed solutions for conventional and organic livestock farming under the ForFarmers brand in the Netherlands, Germany, the United Kingdom, Poland, Belgium, and internationally. The company offers compound, young animal, and specialty feed products for ruminants, dairy cows, pigs, horses, and poultry; and moist co-products, loose raw materials, seeds, and fertilizers. It also provides logistics services; advice related to feed, livestock farming, and business development; and tools, such as programmes, products, and services for farmers to set business objectives, and monitor and benchmark results.

ForFarmers N.V. Fundamentals Summary

How do ForFarmers's earnings and revenue compare to its market cap?
FFARM fundamental statistics
Market cap€554.20m
Earnings (TTM)€49.90m
Revenue (TTM)€3.15b
11.1x
P/E Ratio
0.2x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FFARM income statement (TTM)
Revenue€3.15b
Cost of Revenue€2.58b
Gross Profit€569.80m
Other Expenses€519.90m
Earnings€49.90m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Aug 06, 2026

Earnings per share (EPS)0.56
Gross Margin18.07%
Net Profit Margin1.58%
Debt/Equity Ratio23.7%

How did FFARM perform over the long term?

See historical performance and comparison

Dividends

4.8%
Current Dividend Yield
53%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/03 05:44
End of Day Share Price 2026/06/03 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ForFarmers N.V. is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Fernand de BoerDegroof Petercam Sponsored Research
Henk SlotboomThe Idea-Driven Equities Analyses Company