Fraser and Neave, Limited (F99) Fair Value & Analysis

Consumer Defensive · SG · Market cap 2.1B SGD

FA Fraser and Neave, Limited F99 · SG

Price1.43 SGD

Fair Value1.58 SGD

Upside+10.5%

Quality59/100

Watch Fraser and Neave, Limited for free — get notified when fair value or trend changes. Watch for free

Evidence: Medium Range 1.48 SGD – 2.05 SGD

Fair value as of: Jul 4, 2026

From 12 valuation models · updated today

Share price −1.4% over the past month.

Price vs Fair Value (12 months)

12‑month range 1.27 SGD – 1.53 SGD · fair‑value band 1.48 SGD – 2.05 SGD · the 1.43 SGD price screens below the 1.58 SGD fair value. As of Jul 4, 2026.

✦ Which stocks are undervalued right now? Check free Discover now →

Analysis

Fraser and Neave, Limited (F99) currently trades at 1.43 SGD, while our model-based Fair Value estimate is 1.58 SGD — implying the stock looks roughly 10.5% undervalued today. We read business quality at 59/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.

Over the trailing twelve months, Fraser and Neave, Limited generated revenue of 2.2B SGD at a net margin of 6.2%. Revenue declined 8.8% year over year. It earns a return on equity of 5.9%. Net debt stands at 725M SGD. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) 2.2B SGD

Revenue growth (YoY) -8.8%

Net margin 6.2%

Return on equity 5.9%

Free cash flow −15.2M SGD FY2025

P/E ratio 14.3

More key figures

Operating margin 4.1%

EPS (TTM) 0.1000 SGD

Dividend yield 3.9%

EPS growth (YoY) +10.5%

Net debt 725M SGD FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

Fraser and Neave, Limited engages in the food and beverage, and publishing and printing businesses in Singapore, Malaysia, Thailand, Vietnam, and internationally. It operates through Beverages, Dairies, Printing and Publishing, and Other segments. The company produces and sells beverages, including soft drinks, isotonic beverage, non-carbonated drinks, and water, under 100PLUS, F&N NUTRISOY, F&N SEASONS, F&N FRUIT TREE, and F&N ICE MOUNTAIN brands as well as offers beer under CHANG brand. Its dairy products comprise sweetened condensed, and evaporated milk; pasteurized milk; and juices under F&N, GOLD COIN, TEAPOT, CARNATION, BEAR BRAND, IDEAL, MILKMAID, F&N FRUIT TREE FRESH and SUNKIST brands. In addition, the company provides ice cream primarily under the F&N MAGNOLIA and F&N KING'S brand; and dairies under the F&N MAGNOLIA and FARMHOUSE brands. Further, it publishes education, general interest, and business information content under the MARSHALL CAVENDISH brand; provides digital …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fraser and Neave, Limited reported revenue of 2.3B SGD in FY2025 versus 1.9B SGD in FY2021, a compound +5.4%/yr. Reported net income was 141M SGD in FY2025, compounding +0.1%/yr from FY2021.

Revenue +5.4%/yr

FY21 1.9B SGD

FY22 2.0B SGD

FY23 2.1B SGD

FY24 2.2B SGD

FY25 2.3B SGD

Net income +0.1%/yr

FY21 140M SGD

FY22 125M SGD

FY23 133M SGD

FY24 151M SGD

FY25 141M SGD

Is F99 fairly valued? → Check now

Similar stocks

6 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).

Stock	Price	Fair Value	vs Fair Value
Nestlé S.A NESN	CHF 79.73	CHF 55.79	-30%
Foshan Haitian Flavouring and Food Company 603288	¥35.10	¥25.34	-28%
Nestlé India Limited NESTLEIND	₹1,386	₹278.10	-80%
Grupo Bimbo, S.A. BIMBOA	57.10 MXN	72.19 MXN	+26%
Uni-President Enterprises Corp 1216	75.60 TWD	55.53 TWD	-27%
Britannia Industries Limited BRITANNIA	₹5,218	₹3,567	-32%

Explore undervalued stocks

More undervalued Consumer Defensive stocks →

All undervalued stocks Technology Financial Services Healthcare Consumer Cyclical Consumer Defensive Communication Services Industrials Energy Basic Materials Real Estate Utilities Deeply Undervalued Stocks Undervalued Blue-Chip Stocks Undervalued Small-Cap Stocks

Frequently asked questions

Is Fraser and Neave, Limited (F99) undervalued?

As of Jul 4, 2026, our model estimates a fair value of 1.58 SGD versus a price of 1.43 SGD — about +10% (undervalued). Model-based estimate, not financial advice.

What is the fair value of F99?

Our model-based fair value for Fraser and Neave, Limited is 1.58 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 1.43 SGD.

What is the quality score of F99?

Fraser and Neave, Limited has a Quality Score of 59/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of Fraser and Neave, Limited (F99)?

Fraser and Neave, Limited reported trailing-twelve-month revenue of about 2.2B SGD (latest available figure, as of Jul 4, 2026).

What is the net profit margin of F99?

The net profit margin of Fraser and Neave, Limited is about 6.2%, meaning it keeps roughly 6.2% of revenue as net income. Based on the latest reported figures.

Does Fraser and Neave, Limited pay a dividend?

Fraser and Neave, Limited currently shows a dividend yield of about 3.85% relative to its recent price (as of Jul 4, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.