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FFI Holdings Ltd (FFI) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of FFI Holdings Ltd A$3.75, price A$4.55, upside -17.6%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
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Consumer Defensive · AU · ISIN AU000000FFI4

FH Broad data Sep 24, 2026

FFI Holdings Ltd

FFI · AU

Overvalued / MonitorQuality is not strong enough to offset the price risk.

!Fair value A$3.75 · Overvalued (−18%)
!Quality 55/100
!Expensive Growth (revenue 5y +10.8 %/yr)
✓Solidly profitable · 10.4% net margin (TTM)
!Low debt · negative free cash flow
·4.95% dividend yield
✓Ranks above peers (9/13)
!Moderate moat 45/100
!Weak on valuation: 10 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

A$7.36 A$3.00 Fair Value A$3.75 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range A$3.00 – A$7.36 · fair‑value band A$2.34 – A$6.04 · the A$4.55 price screens above the A$3.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

FFI Holdings Limited, a food processing company, engages in the processing, manufacturing, packaging, and distribution of food products in Australia. The company operates through the Food Operations and Investment Property segments.

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FFI Holdings Limited, a food processing company, engages in the processing, manufacturing, packaging, and distribution of food products in Australia. The company operates through the Food Operations and Investment Property segments. It manufactures and sells cooking chocolate, chocolate-coated confectionery, sugar confectionery, cake decorations, ready-to-roll icing, and popcorn snack foods under the Nemar, Golden Popcorn, and Orchard Icing brands; processes and packages home cooking need products under the Prepact and Snowflake brands. The company also engages in contract packing for third-party brands; and manufactures, sells, and processes apple products, fruit and baker's fillings, chocolate, chocolate compounds, and cake decoration toppings for the bakery and pastry cooks industry. In addition, it engages in industrial and commercial property investment and leasing activities. The company serves manufacturing, wholesale, and retail food companies. FFI Holdings Limited was incorporated in 1985 and is headquartered in Jandakot, Australia.

Stock analysis

FFI Holdings Ltd (FFI) currently trades at A$4.55, while our model-based Fair Value estimate is A$3.75, implying the stock looks roughly 21.3% overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of A$9.07 per share, and 8 of the 17 models we run sit above the A$4.55 price.

Bear case: the Economic Profit group reads lowest at A$1.49, and 9 of the 17 models stay below the price. Evidence for this calculation is high.

Scenario range: A$2.34 (bear) to A$6.04 (bull), the price of A$4.55 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 55/100 (solid quality), in the Consumer Defensive sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

FFI Holdings Ltd reported revenue of A$58.5M in FY2025 versus A$36.7M in FY2021, a compound +12.3%/yr. Reported net income was A$6.7M in FY2025, compounding −6.5%/yr from FY2021.

Key figures

Market cap A$58.6M (≈ $41.2M) · P/E ratio 8.0 · P/S ratio 0.91 · EPS (TTM) A$0.5700 · Dividend yield 4.9% · Net margin 11.4% · Return on equity 12.2% · Return on assets (EBIT) 6.7%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).

What moves the price

The share trades about 8% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Defensive peers we cover trades at −43% fair-value upside, at −18%, FFI screens cheaper than that median.

Fair Value models

Bear A$2.34 Fair Value A$3.75 Bull A$6.04
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (A$0.3450 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Owner Earnings A$5.10 A$7.72 A$11.55 76
EPV A$1.29 A$1.49 A$1.66 74
Residual Income A$3.91 A$4.44 A$7.81 74
All 17 models by family
DCF Models
Owner Earnings A$5.10 A$7.72 A$11.55 76
Earnings-Based
Graham-Dodd A$3.34 A$10.20 A$13.54 65
Lynch FV A$2.19 A$3.13 A$4.07 61
PEG = 1.0 A$2.19 A$3.13 A$4.07 57
EPV A$1.29 A$1.49 A$1.66 74
Dividend Discount
Gordon GGM A$1.02 A$2.04 A$3.09 67
DDM Multi-Stage A$1.02 A$1.65 A$2.15 66
Multiples
P/E Multiple A$7.72 A$10.30 A$12.87 63
P/S Multiple A$5.16 A$6.88 A$8.61 58
P/B Multiple A$6.25 A$8.34 A$10.42 55
EV/EBIT A$3.61 A$4.81 A$6.01 66
EV/EBITDA A$3.48 A$4.63 A$5.79 67
EV/Revenue A$2.57 A$3.68 A$4.78 53
Asset-Based
NCAV (Graham) A$2.19 A$2.94 A$4.38 54
Economic Profit
Residual Income A$3.91 A$4.44 A$7.81 74
ROIC Compounder A$1.29 A$1.49 A$1.66 72
Growth Earnings
Growth-Adj P/E A$6.35 A$9.07 A$11.79 67

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Quality Score breakdown

Overall quality 55/100

Of which business quality 53 · Market factors (momentum, volatility) 57

Profitability 52
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 80
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 61/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+10.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.8%
Start year 2020 (pandemic). Over 10 years: +6.6% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.1%
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+4.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.5%
Dividend (yield on the price)4.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.13% vs 11%, steady
Profit margin 2019 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13% → 7%
2025 sits 281% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)

FFI screens 21% overvalued. Compare with Mondelez International, Inc →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Confectioners · 81 stocks

Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 55 · Above median
Fair Value upside −17% · Below median
Profitability
Return on equity (TTM) 12% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 7% · Below median
Growth and dividend
Revenue growth 12% · Top 25%
Dividend yield (TTM) 4.9% · Top 25%

Valuation Multiplesvs Confectioners median · lower = cheaper

P/E (TTM) 8.0× · Cheapest 25%
P/B 0.69× · Cheaper than median
P/S (TTM) 0.66× · Pricier than median
EV/EBITDA 7.7× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)10 · sector 17
FUTURE (revenue growth)60 · sector 0
PAST (return on equity)49 · sector 24
HEALTH (low debt)100 · sector 89
DIVIDEND (yield)99 · sector 56

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Confectioners stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Mondelez International, Inc MDLZ $61.08 $28.86 −53%
The Hershey Company HSY $168.46 $91.25 −46%
Chocoladefabriken Lindt & Sprüngli AG LISP CHF 8,650 CHF 4,796 −45%
Barry Callebaut AG BARN CHF 1,141 CHF 654.80 −43%
ORION Corp 271560 110,100 KRW 203,315 KRW +85%
Tootsie Roll Industries, Inc TROLB $39.00 $22.28 −43%
Guangxi Yuegui Guangye Holdings 000833 ¥19.81 ¥9.09 −54%
Balrampur Chini Mills Limited BALRAMCHIN ₹676.40 ₹158.54 −77%
ORION Holdings 001800 23,750 KRW 92,076 KRW +288%
Guan Chong Berhad, 5102 1.44 MYR 2.54 MYR +76%

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FFI Holdings Ltd · Fair Value
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Cite: Fair Value Calculator (2026). "FFI Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/FFI

Frequently asked questions

Is FFI Holdings Ltd (FFI) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of A$3.75 versus a price of A$4.55, about −18% upside (overvalued).
What is the fair value of FFI?
Our model-based fair value for FFI Holdings Ltd is A$3.75 (as of Sep 24, 2026), built from audited fundamentals. The current price: A$4.55.
What is the quality score of FFI?
FFI Holdings Ltd has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for FFI Holdings Ltd (FFI)?
Our model-based price target is the fair value of A$3.75 (as of Sep 24, 2026) from 17 valuation models. Cautious scenario A$2.34, optimistic scenario A$6.04. It is a calculation from audited fundamentals, not an analyst target.
What is the FFI Holdings Ltd stock forecast for 2026?
Our models put fair value at A$3.75, about −18% upside versus a price of A$4.55 (overvalued). Cautious scenario A$2.34, optimistic scenario A$6.04. The calculation is refreshed regularly with new filings.
What is the revenue of FFI Holdings Ltd (FFI)?
FFI Holdings Ltd reported trailing-twelve-month revenue of about A$62.1M (latest available figure, as of Sep 24, 2026).
Does FFI Holdings Ltd pay a dividend?
FFI Holdings Ltd currently shows a dividend yield of about 4.95% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of FFI Holdings Ltd (FFI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FFI Holdings Ltd it is A$3.75 per share (as of Sep 24, 2026), against a price of A$4.55. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is FFI Holdings Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, FFI trades above its calculated fair value: price A$4.55, fair value A$3.75, a gap of about −18% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FFI?
No. The price is what the market pays today (A$4.55); the fair value is what the company's own numbers justify (A$3.75). For FFI Holdings Ltd the two are A$0.8000 per share apart. That gap is exactly why we show both numbers side by side.
How much is FFI Holdings Ltd worth?
The market values FFI Holdings Ltd at about A$58.6M (market capitalisation, as of Sep 24, 2026). Per share that is A$4.55; our models calculate a fair value of A$3.75 per share.
What do the bullish and bearish scenarios say about FFI?
Our models span a range for FFI Holdings Ltd: cautious scenario A$2.34, base A$3.75, optimistic A$6.04 per share (as of Sep 24, 2026, price A$4.55). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FFI?
FFI Holdings Ltd trades at a price-to-earnings ratio of 8.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$3.75 is built from several models across several years. Other multiples: P/B 0.7, P/S 0.7, EV/EBITDA 7.7.
How solid is the balance sheet of FFI Holdings Ltd (FFI)?
Balance-sheet figures for FFI Holdings Ltd (as of Sep 24, 2026): return on equity 12.2%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is FFI from its 52-week high?
FFI Holdings Ltd trades at A$4.55, about 8% below its 52-week high of A$4.95 and 11% above the low of A$4.10 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$3.75 is for.
Which stocks are comparable to FFI Holdings Ltd?
From the same area (Consumer Defensive) we also value Mondelez International, Inc, The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Barry Callebaut AG, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is FFI Holdings Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price A$4.55, calculated fair value A$3.75 (−18%), Quality Score 55/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FFI calculated?
We run FFI Holdings Ltd through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$3.75, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.2 % above its aggregate fair value. FFI Holdings Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of FFI Holdings Ltd (FFI)?
The closing price on Sep 24, 2026 was A$4.55. Our model-based fair value is A$3.75, about −18% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FFI Holdings Ltd right now?
Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (A$2.34 to A$6.04) leaves room in how you read the outcome.
Where does the earnings growth of FFI Holdings Ltd (FFI) come from?
Earnings per share at FFI Holdings Ltd grew +1.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.6 %, EBIT margin +1.1 %, tax rate −1.1 %, residual (interest, one-offs) −2.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of FFI Holdings Ltd

How large is the market capitalisation of FFI Holdings Ltd (FFI)?
The market capitalisation of FFI Holdings Ltd is A$58.6M (≈ $41.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of FFI Holdings Ltd (FFI)?
The price-to-sales ratio of FFI Holdings Ltd is 0.91 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of FFI Holdings Ltd (FFI)?
Earnings per share at FFI Holdings Ltd are A$0.5700 (price ÷ EPS = P/E 8.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of FFI Holdings Ltd (FFI)?
The dividend yield of FFI Holdings Ltd is 4.9% (payout 39.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of FFI Holdings Ltd (FFI)?
The net margin of FFI Holdings Ltd is 11.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of FFI Holdings Ltd (FFI)?
The return on equity (ROE) of FFI Holdings Ltd is 12.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of FFI Holdings Ltd (FFI)?
On an EBIT basis the return on assets of FFI Holdings Ltd is 6.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of FFI Holdings Ltd (FFI)?
The operating margin of FFI Holdings Ltd is 7.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at FFI Holdings Ltd (FFI)?
Revenue at FFI Holdings Ltd is growing +12.0% versus a year earlier (3y avg +16.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at FFI Holdings Ltd (FFI)?
Earnings per share at FFI Holdings Ltd are growing −28.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does FFI Holdings Ltd (FFI) generate?
The free cash flow of FFI Holdings Ltd is −A$6.6M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does FFI Holdings Ltd (FFI) carry?
The net debt of FFI Holdings Ltd is A$4.7M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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