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FirstFarms A/S (FFARMS) Fair Value & Analysis

Consumer Defensive · DK · Market cap 881M DKK

FA FirstFarms A/S FFARMS · CO
Pricekr 66.20
Fair Valuekr 27.04
Upside-59.2%
Quality32/100
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Evidence: Low Range kr 13.69 – kr 40.52

Fair value as of: Jul 16, 2026

From 3 valuation models · updated today

Share price −6.8% over the past month.

Price vs Fair Value (12 months)

kr 80.40 kr 66.20 Fair Value kr 27.04 Jul 2025 Jul 2026

12‑month range kr 66.20 – kr 80.40 · fair‑value band kr 13.69 – kr 40.52 · the kr 66.20 price screens above the kr 27.04 fair value. As of Jul 16, 2026.

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Analysis

FirstFarms A/S (FFARMS) currently trades at kr 66.20, while our model-based Fair Value estimate is kr 27.04 — implying the stock looks roughly 59.2% overvalued today. We read business quality at 32/100 (below-average quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).

Over the trailing twelve months, FirstFarms A/S generated revenue of 379M DKK at a net margin of -5.4%. Revenue declined 24.9% year over year. It earns a return on equity of -2.4%. Net debt stands at 613M DKK. Fundamentals as of Jul 16, 2026

Our scenario range runs from kr 13.69 (bear case) to kr 40.52 (bull case); at kr 66.20, the current price sits above that range. The share trades about 18% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -19% fair-value upside — at -59%, FFARMS screens richer than that median.

Key figures & financial health

Revenue (TTM) 379M DKK
Revenue growth (YoY) -24.9%
Net margin -5.4%
Return on equity -2.4%
Free cash flow −133M DKK FY2025
Operating margin 71.4%
More key figures
EPS (TTM) kr -1.76
EPS growth (YoY) +333%
Net debt 613M DKK FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 16, 2026. TTM = trailing twelve months.

About the company

FirstFarms A/S, through its subsidiaries, engages in the agriculture and food products businesses in Denmark, the Czech Republic, Slovakia, Hungary, and Romania. The company is involved in milk production and pig production; and development of land portfolio. It also produces crops, such as wheat, rapeseed, grass, sunflower, rye, sugar beet, sorghum, soybean, barley, maize, poppy, and peas. FirstFarms A/S was incorporated in 2004 and is based in Billund, Denmark.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

FirstFarms A/S reported revenue of kr 379M in FY2025 versus kr 370M in FY2021, a compound +0.6%/yr. Reported net income was −kr 20.6M in FY2025.

Revenue +0.6%/yr
FY21 kr 370M
FY22 kr 421M
FY23 kr 462M
FY24 kr 457M
FY25 kr 379M
Net income
FY21 kr 34.8M
FY22 kr 65.5M
FY23 kr 26.0M
FY24 kr 16.3M
FY25 −kr 20.6M

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Cite: Fair Value Calculator (2026). "FirstFarms A/S Fair Value". https://www.fairvalue-calculator.com/stock/FFARMS

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10 more Farm Products stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

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Frequently asked questions

Is FirstFarms A/S (FFARMS) undervalued?
As of Jul 16, 2026, our model estimates a fair value of kr 27.04 versus a price of kr 66.20 — about −59% (overvalued). Model-based estimate, not financial advice.
What is the fair value of FFARMS?
Our model-based fair value for FirstFarms A/S is kr 27.04 (as of Jul 16, 2026), built from audited fundamentals. The current price is kr 66.20.
What is the quality score of FFARMS?
FirstFarms A/S has a Quality Score of 32/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of FirstFarms A/S (FFARMS)?
FirstFarms A/S reported trailing-twelve-month revenue of about 379M DKK (latest available figure, as of Jul 16, 2026).
What is the net profit margin of FFARMS?
The net profit margin of FirstFarms A/S is about -5.4%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

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