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8.00%

11.5¢ farm pride foods limited

Good summary thanks Etarafider! Cannot wait for the open :D If...

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Melbourne Foodie

87 Posts.

21/02/16

18:09

Post #: 17076827
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Originally posted by etarafder ↑

Yes, very happy with the result. OCF is the most pleasing number to me and 2nd the fact that they managed to spend over 3 mill cash on their new farm, after paying off 2.8 mill debt, beauty!...

@Usman1 don't think they will go into FRC meat etc, as last time when I talked to Malcolm, he mentioned those chickens are a very different proposition, being only 2-3 weeks old and meet processing is a very different business. But I do think its matter of time they should be start exporting dry egg white to China. This would be my first question to them when I meet them in next AGM.

In case anyone wondering, with FY EBITDA of $15.8(m), EBIT of $11.6(m) , NPAT of $7.9(m), and OCF of $13.3(m) + no debt, ROE is now HUGE 22.5%, with Intrinsic Value of $2.78. So right now, as of today, FRM is trading at a MASSIVE discount of 32.5% of it's Intrinsic Value and there is still some nice profit to be made from this little beauty.

I'm sitting on my holdings next 6 months and if the market has a moody day, adding more.
Again, this is simply my own view of FRM.

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Good summary thanks Etarafider! Cannot wait for the open

If you don't mind, may I ask how you've calculated your intrinsic value?

p.s. with OCF have you added back in depreciation expenses?

FRM Price at posting: $1.87 Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 11.5¢		Change -0.010(8.00%)		Mkt cap ! $25.01M

Open	High	Low	Value	Volume
12.0¢	12.0¢	11.5¢	$1.843K	15.49K

Buyers (Bids)

No.	Vol.	Price($)
1	6754	11.5¢

Sellers (Offers)

Price($)	Vol.	No.
12.0¢	110761	1

View Market Depth

No.	Vol.	Price($)
1	6754	0.115
3	55590	0.110
1	500	0.105
1	25000	0.100
1	107312	0.093

Price($)	Vol.	No.
0.120	110761	1
0.135	107680	2
0.145	16895	2
0.160	3375	1
0.170	13000	1

Last trade - 15.41pm 18/09/2024 (20 minute delay)

FRM (ASX) Chart