F.F.I. Holdings Ltd. (FFI) AI Stock Analysis

• Market Cap: AU$65.61M
• Dividend Yield: 4.65%
• Average Volume (3M): 2.74K
• Price to Earnings (P/E): 8.0
• Beta (1Y): -0.13
• Revenue Growth: 10.17%
• EPS Growth: 286.45%
• Country: AU
• Employees: 93
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Food Confectioners
• EPS (TTM): 0.44
• Shares Outstanding: 13,389,852
• 10 Day Avg. Volume: 2,775
• 30 Day Avg. Volume: 2,742
• PEG Ratio: 0.02
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 0.78
• P/FCF Ratio: -6.83
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: AU$5.50 ▲(14.58% Upside)

The score is driven primarily by mixed financial quality: improving earnings and a conservative balance sheet are outweighed by weak and recently negative operating/free cash flow. Technicals are supportive with the stock trading above key moving averages, and valuation looks attractive with a low P/E and high dividend yield.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term sustainability.

Low Leverage

Low leverage enhances financial stability and flexibility, allowing the company to navigate economic fluctuations more effectively.

Management Confidence

Increased shareholding by directors signals confidence in the company's future, potentially boosting investor trust and long-term stability.

Negative Factors

Negative Cash Flow

Negative cash flow raises concerns about liquidity and operational efficiency, posing risks to long-term financial health and growth.

Volatile Margins

Volatile margins suggest challenges in cost management and pricing power, potentially impacting profitability and strategic planning.

Execution Risk

Execution risk due to cash flow issues could hinder strategic initiatives and growth, affecting long-term competitiveness and resilience.

F.F.I. Holdings Ltd. Business Overview & Revenue Model

Company Description

FFI Holdings Limited, a food processing company, engages in the processing, manufacture, packaging, and distribution of food products in Australia. The company operates through Bakery and Investment Property segments. It offers bakers' jams and fruit fillings for use in bakery products, including donuts, tarts, sponge cakes, and various post bake applications; fruit mince for use in tarts and slices; patisserie fillings, spreads, and glazes; fresh diced apple; chocolate and confectionery products; cake icings, toppings, and decoration items; and ice creams and desserts. The company also provides ready-to-roll icing and popcorn snack foods for the retail market under the Nemar, Golden Popcorn, and Orchard Icing brand names. In addition, it processes and packages a range of products for the home cooking market sector under the Prepact and Snowflake brands; and provides contract manufacturing and packaging of products for the supermarket, retail and food services industries. It serves bakers and pastry cooks, and supermarkets, as well as ice cream and dairy, confectionery, chocolate, and food services industries. The company was founded in 1979 and is headquartered in Jandakot, Australia.

How the Company Makes Money

FFI generates revenue through various streams primarily related to the entertainment industry. The company earns money by providing completion guarantees, which are financial instruments ensuring that film or television projects are completed on time and within budget. These guarantees are essential for producers seeking financing and distribution deals. Additionally, FFI offers insurance services tailored to the unique risks associated with film and TV production, such as coverage for cast, crew, and equipment. The company also partners with production entities to offer financial solutions, including loans and financial management services, to facilitate project financing and cash flow management. These services are integral to the production process, enabling FFI to earn fees and premiums from its clients within the industry.

F.F.I. Holdings Ltd. Financial Statement Overview

Summary

Income statement and balance sheet are solid (revenue growth accelerated and profitability rebounded in 2025; leverage is very low), but cash flow is a major drag with negative operating cash flow in 2025 and negative free cash flow in both 2024 and 2025.

Income Statement

Revenue has grown steadily over the last several years, accelerating again in 2023–2025, and 2025 shows a sharp improvement in profitability versus 2024 (net income rebounded meaningfully and gross margin expanded). That said, margins have been volatile over time (notably far lower than 2020–2021 levels), which suggests earnings quality and cost control can swing materially year to year.

Balance Sheet

The balance sheet looks conservative: leverage remains low with debt-to-equity under 0.10 in 2024–2025 and no debt reported in 2020–2023. Equity and assets have expanded, and returns on equity improved in 2025 versus the prior few years. The main watch item is that returns are still well below the peak levels seen earlier in the period, indicating profitability has not fully normalized.

Cash Flow

Cash generation is the weak spot. Operating cash flow turned negative in 2025 and free cash flow is negative in both 2024 and 2025, following a more mixed history (positive in 2020–2021 and 2023, negative in 2022). The repeated negative free cash flow and the 2025 operating cash outflow increase execution risk, even though reported earnings improved in 2025.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	58.46M	58.46M	52.93M	46.79M	37.21M	36.70M
Gross Profit	23.83M	23.83M	13.27M	21.53M	7.93M	18.85M
EBITDA	5.63M	5.63M	4.91M	3.26M	2.48M	4.95M
Net Income	6.66M	6.66M	1.74M	1.75M	1.22M	8.72M
Balance Sheet
Total Assets	80.35M	80.35M	63.17M	56.56M	56.37M	54.73M
Cash, Cash Equivalents and Short-Term Investments	0.00	0.00	359.87K	2.69M	705.71K	5.46M
Total Debt	4.66M	4.66M	4.00M	0.00	0.00	0.00
Total Liabilities	20.81M	20.81M	18.51M	12.32M	13.87M	10.86M
Stockholders Equity	59.53M	59.53M	44.66M	44.24M	42.50M	43.87M
Cash Flow
Free Cash Flow	-6.65M	-6.65M	-5.10M	2.64M	-2.17M	1.58M
Operating Cash Flow	-5.28M	-5.28M	2.21M	3.78M	-989.32K	2.90M
Investing Cash Flow	-1.38M	-1.38M	-7.48M	-1.88M	-1.21M	3.04M
Financing Cash Flow	5.64M	5.64M	2.94M	82.00K	-2.56M	-2.66M

F.F.I. Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FFI, the sentiment is Positive. The current price of 4.8 is above the 20-day moving average (MA) of 4.72, above the 50-day MA of 4.67, and above the 200-day MA of 4.27, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 58.95 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:FFI.

F.F.I. Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SHM	70 Neutral	AU$58.10M	9.62	17.58%	6.10%	-13.36%	14.09%
FFI	69 Neutral	AU$65.61M	7.99	12.79%	4.65%	10.17%	286.45%
ABY	66 Neutral	AU$103.35M	135.80	1.90%	―	1.58%	-65.09%
DSK	66 Neutral	AU$53.86M	12.27	12.71%	9.03%	8.39%	3.21%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SHJ	57 Neutral	AU$116.88M	210.61	0.21%	7.14%	4.44%	-90.57%
SIO	52 Neutral	AU$52.19M	51.79	7.35%	―	0.33%	-75.00%

F.F.I. Holdings Ltd. Corporate Events

F.F.I. Holdings Ltd. AGM: Key Resolutions Passed

F.F.I. Holdings Ltd. held its Annual General Meeting on November 11, 2025, where several key resolutions were voted on by proxy. The resolutions included the adoption of the Remuneration Report, the re-election of Mr. Geoffrey W Nicholson as a director, and an increase in the aggregate remuneration for Non-Executive Directors to $350,000. All resolutions were carried, indicating strong shareholder support for the company’s current management and compensation strategies.

FFI Holdings Ltd. 2025 AGM Highlights Strategic Growth and Financial Performance

FFI Holdings Ltd. recently held its Annual General Meeting for 2025, where Chairman Rodney Moonen presented key financial highlights and performance metrics. The meeting covered various aspects of the company’s operations, including food operations, property assets, capital management, and growth strategy. The presentation provided insights into the company’s outlook and strategic direction, emphasizing its commitment to enhancing shareholder value and maintaining a competitive edge in the market.

F.F.I. Holdings Director Increases Shareholding

F.F.I. Holdings Limited announced a change in the interest of its director, Geoffrey Wayne Nicholson, who has acquired an additional 7,854 fully paid ordinary shares through participation in the company’s Dividend Reinvestment Plan. This acquisition increases his total holdings to 687,440 shares, reflecting a continued commitment to the company and potentially signaling confidence in its future performance.

Director Increases Stake in F.F.I. Holdings Through Dividend Reinvestment

F.F.I. Holdings Limited announced a change in the director’s interest, specifically for Rodney Graham Moonen, who increased his holdings by acquiring 118,995 fully paid ordinary shares through the company’s Dividend Reinvestment Plan. This change reflects a strategic move by the director to increase his stake in the company, potentially indicating confidence in the company’s future performance and stability, which could positively impact investor sentiment.

F.F.I. Holdings Ltd. Director Increases Shareholding

F.F.I. Holdings Ltd. announced a change in the director’s interest, specifically for Robert Darius Fraser, who increased his shareholding through participation in the company’s Dividend Reinvestment Plan. The transaction involved acquiring 6,738 fully paid ordinary shares at $4.58 each, resulting in a total consideration of $30,860. This change reflects the director’s increased confidence in the company’s future performance and may positively influence stakeholder perceptions.

FFI Holdings Ltd. Announces Quotation of New Securities

FFI Holdings Ltd. has announced the quotation of 281,200 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective from October 30, 2025. This move is part of a dividend or distribution plan, which could potentially enhance the company’s liquidity and market presence, thereby impacting its operations and positioning within the industry.