Farm Pride Foods Limited (FRM) AI Stock Analysis

• Market Cap: AU$55.39M
• Dividend Yield: N/A
• Average Volume (3M): 20.07K
• Price to Earnings (P/E): 7.9
• Beta (1Y): -0.36
• Revenue Growth: 2.63%
• EPS Growth: N/A
• Country: AU
• Employees: 230
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Agricultural Farm Products
• EPS (TTM): 0.02
• Shares Outstanding: 230,791,260
• 10 Day Avg. Volume: 13,021
• 30 Day Avg. Volume: 20,074
• PEG Ratio: -0.03
• Price to Book (P/B): 1.47
• Price to Sales (P/S): 0.63
• P/FCF Ratio: 8.05
• 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: 66 Neutral
• Price Target: AU$0.26 ▲(29.50% Upside)

Farm Pride Foods Limited demonstrates strong financial performance with robust cash flow and improved profitability, contributing positively to the stock score. However, technical analysis indicates bearish momentum, which weighs down the overall score. The stock's undervaluation based on P/E ratio provides a positive outlook, but the lack of earnings call data and corporate events leaves some uncertainty.

Positive Factors

Free Cash Flow Strength

Very strong FCF growth and conversion ratios indicate durable cash generation that can fund capex, reduce debt, or support working capital through seasonal cycles. This cash flexibility strengthens resilience against commodity swings and funds strategic investments over months.

Improved Profitability

Substantially higher gross and positive net margins reflect lasting operational improvements and pricing power. Sustained margins enhance ability to absorb input cost volatility, support reinvestment in product innovation and premium positioning, and underpin long-term cash flow.

Lower Leverage

Reduced leverage and a stable equity ratio provide greater financial flexibility to pursue growth, withstand demand shocks, and lower interest burden. A healthier capital structure supports durable investment in sustainable farming and contract fulfillment with retailers.

Negative Factors

Moderate ROE

ROE at this level, flagged as needing improvement, suggests the company may not be extracting maximal returns from equity. Persistently moderate ROE can limit shareholder value creation absent productivity gains, pricing improvements, or better asset utilization.

Product / Customer Concentration

Heavy reliance on eggs/poultry and large retail/foodservice channels creates structural exposure to commodity price swings and buyer-driven margin pressure. Concentration can compress margins and amplify demand shifts unless diversified product or channel expansion occurs.

Limited Investor Disclosure

Absence of earnings calls and notable corporate events reduces forward visibility for investors and limits management's ability to communicate strategy and guidance. This governance/communication gap raises execution risk and complicates assessment of long-term plans.

Farm Pride Foods Limited Business Overview & Revenue Model

Company Description

Farm Pride Foods Limited produces, processes, manufactures, and sells eggs and egg products in Australia. The company offers free range, barn laid, birds, and farm fresh eggs. It also provides egg products, such as whole eggs, egg white, egg yolk, scrambled eggs, peeled boiled eggs, fried eggs, and omelettes, as well as egg cartons. The company serves retail, industrial, and food service sectors. It exports its products to Asia. Farm Pride Foods Limited was founded in 1937 and is headquartered in Keysborough, Australia.

How the Company Makes Money

Farm Pride Foods generates revenue through multiple key streams including the sale of fresh eggs, processed egg products, and value-added poultry offerings. The company primarily targets retail grocery chains and food service providers, establishing long-term contracts and partnerships that ensure consistent demand for its products. Additionally, Farm Pride Foods invests in sustainable farming practices, which not only enhance its brand reputation but also appeal to a growing consumer base that prioritizes ethical sourcing. The company's revenue is further bolstered by its focus on innovation, developing new product lines to meet changing consumer preferences and expanding its market reach.

Farm Pride Foods Limited Financial Statement Overview

Summary

Farm Pride Foods Limited has shown a strong recovery in its income statement metrics with significant revenue growth and improved profit margins. The balance sheet indicates a reduction in leverage, though ROE remains an area for improvement. The cash flow statement reflects robust cash generation and liquidity, highlighting the company's financial health.

Income Statement

Farm Pride Foods Limited has shown a strong recovery in its income statement metrics. The company achieved a significant revenue growth rate of 8.22% in 2025, indicating a positive trend in sales. The gross profit margin improved substantially from previous years, reaching 43.47% in 2025, which suggests enhanced operational efficiency. The net profit margin turned positive at 6.68% in 2025, reflecting improved profitability. EBIT and EBITDA margins also showed considerable improvement, indicating better cost management and operational performance.

Balance Sheet

The balance sheet of Farm Pride Foods Limited shows a mixed picture. The debt-to-equity ratio decreased to 0.91 in 2025, indicating a reduction in leverage and a stronger equity position. However, the return on equity (ROE) is still relatively low at 15.52%, suggesting room for improvement in generating returns for shareholders. The equity ratio stands at 45.49%, indicating a stable capital structure with a reasonable level of equity financing.

Cash Flow

The cash flow statement reflects a robust performance with a significant free cash flow growth rate of 95.37% in 2025, highlighting strong cash generation capabilities. The operating cash flow to net income ratio of 1.39 indicates efficient conversion of net income into cash. The free cash flow to net income ratio of 1.18 further supports the company's ability to generate cash relative to its net income, showcasing strong liquidity and financial health.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	99.62M	99.62M	97.07M	82.78M	74.04M	73.32M
Gross Profit	43.32M	43.32M	28.17M	22.45M	-6.15M	19.31M
EBITDA	11.57M	11.57M	7.04M	10.54M	5.44M	6.40M
Net Income	6.66M	6.66M	-2.35M	-9.11M	-19.78M	-11.97M
Balance Sheet
Total Assets	94.30M	94.30M	60.81M	55.91M	58.74M	72.01M
Cash, Cash Equivalents and Short-Term Investments	8.30M	8.30M	1.69M	1.99M	2.15M	1.28M
Total Debt	38.92M	38.92M	43.27M	34.55M	34.81M	30.13M
Total Liabilities	51.40M	51.40M	57.99M	50.86M	49.38M	42.87M
Stockholders Equity	42.90M	42.90M	2.82M	5.05M	9.36M	29.14M
Cash Flow
Free Cash Flow	7.85M	7.85M	1.72M	-3.93M	-5.08M	-615.00K
Operating Cash Flow	9.23M	9.23M	2.93M	-3.40M	-3.73M	-215.00K
Investing Cash Flow	-1.38M	-1.38M	1.14M	-523.00K	16.77M	2.71M
Financing Cash Flow	-1.24M	-1.24M	-4.37M	3.76M	-12.18M	-5.63M

Farm Pride Foods Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.20
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FRM, the sentiment is Positive. The current price of 0.2 is below the 20-day moving average (MA) of 0.21, below the 50-day MA of 0.22, and below the 200-day MA of 0.28, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.35 is Neutral, neither overbought nor oversold. The STOCH value of 80.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:FRM.

Farm Pride Foods Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AAP	70 Neutral	AU$19.54M	10.00	14.00%	―	18.35%	55.88%
FRM	66 Neutral	AU$55.39M	7.95	29.12%	―	2.63%	―
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
DBF	45 Neutral	AU$89.99M	-2.76	-11.46%	29.49%	-16.73%	-343.82%
WOA	44 Neutral	AU$10.47M	-1.24	-122.46%	―	-94.79%	82.57%
WNR	37 Underperform	AU$1.23M	-1.19	-130.24%	―	17.85%	52.81%

Farm Pride Foods Limited Corporate Events

Farm Pride Delivers Strong Cash Inflows Amid Rising Egg Supply and Pricing Pressure

Farm Pride Foods reported net operating cash inflows of $4.57 million for the quarter ended 31 December 2025, with customer receipts rising 3% to $32.56 million on the back of higher farm production, processing efficiency and external egg supplies. The company invested $2.59 million in infrastructure to upgrade farming, biosecurity, production and grading operations, achieving top-tier audit results from key retail partner Coles at its Keysborough grading facility. However, a rapid increase in industry egg volumes late in the quarter created pricing pressure amid higher costs, resulting in a more challenging operating environment and prompting Farm Pride to double down on capital expenditure and operational efficiency measures to mitigate margin pressure and support future competitiveness.

The most recent analyst rating on (AU:FRM) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Farm Pride Foods Limited stock, see the AU:FRM Stock Forecast page.

Farm Pride Foods Director Darren Lurie Increases Indirect Shareholding

Farm Pride Foods Ltd has disclosed a change in director Darren Lurie’s indirect interests, with Lurie increasing his holding in the company through associated entities. The director acquired 500,000 fully paid ordinary shares on-market for $100,000 on 14 January 2026, adding to his substantial existing share and option holdings, a move that signals continued confidence in the company’s prospects and strengthens his alignment with shareholder interests.

The most recent analyst rating on (AU:FRM) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Farm Pride Foods Limited stock, see the AU:FRM Stock Forecast page.

Farm Pride Director Palatianos Increases Indirect Shareholding via On-Market Purchase

Farm Pride Foods Limited has disclosed a change in the relevant interests of director George Palatianos, who has increased his indirect shareholding in the company through entities Bait of Brets Pty Ltd and Ackenberg Pty Ltd. On 14 January 2026, Bait of Brets Pty Ltd acquired 6,492,700 ordinary shares in Farm Pride Foods on-market for $1,298,540, lifting its holding to 57,644,096 shares, while the Ackenberg Super Fund account maintained its existing 17,550,000 shares, signalling a further vote of confidence in the company by a key director-shareholder and consolidating his indirect stake without any changes to contractual interests.

The most recent analyst rating on (AU:FRM) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Farm Pride Foods Limited stock, see the AU:FRM Stock Forecast page.

Farm Pride Flags Potential Major Share Sale by Substantial Holder

Farm Pride Foods has disclosed that substantial shareholder West Coast Eggs Pty Ltd intends to sell up to 30 million Farm Pride shares on-market at a price of $0.20 per share over the coming days, which, if completed in full, would still leave West Coast Eggs holding 5.86% of the company. Parties associated with Non-Executive Chairman George Palatianos and Managing Director Darren Lurie have signalled they may acquire up to 7 million shares if the sale proceeds, potentially mitigating some selling pressure, but the company stressed there is no assurance that any of the proposed transactions will be completed and has refrained from making any recommendation to investors, leaving the market to interpret the potential shift in the shareholder register and its implications for governance and liquidity.

The most recent analyst rating on (AU:FRM) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Farm Pride Foods Limited stock, see the AU:FRM Stock Forecast page.

Farm Pride Foods: Director’s Interests Updated

Farm Pride Foods Ltd announced changes to Director Darren Lurie’s interests. As part of his shareholder-approved remuneration package, Mr. Lurie received 3,600,000 unlisted options with an exercise price of $0.30, expiring three years from vesting. This adjustment aligns with the company’s governance practices and reflects efforts to incentivize leadership through equity-based rewards, potentially strengthening stakeholder confidence in long-term strategic goals.

The most recent analyst rating on (AU:FRM) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Farm Pride Foods Limited stock, see the AU:FRM Stock Forecast page.

Farm Pride Foods Issues 3.6 Million Unquoted Equity Securities to Bolster Growth

Farm Pride Foods Limited announced the issuance of 3.6 million unquoted equity securities in the form of options with an exercise price of $0.30, each expiring three years from vesting, as part of its growth strategy. This move may impact the company’s financial positioning, supporting long-term planning and enhancing its market competitiveness within the industry, offering potential benefits for stakeholders.

The most recent analyst rating on (AU:FRM) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Farm Pride Foods Limited stock, see the AU:FRM Stock Forecast page.

Farm Pride Foods Director Increases Stake

Farm Pride Foods Limited announced a change in the director’s interest, with George Palatianos acquiring additional shares in the company. This acquisition of 395,883 ordinary shares by Bait of Brets Pty Ltd, a company associated with Palatianos, reflects a strategic move to increase his stake in the company, potentially signaling confidence in the company’s future performance.

The most recent analyst rating on (AU:FRM) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Farm Pride Foods Limited stock, see the AU:FRM Stock Forecast page.

Farm Pride Foods Ltd Successfully Concludes Annual General Meeting

Farm Pride Foods Limited announced the results of its Annual General Meeting held on November 19, 2025, where all resolutions were successfully carried out. The resolutions included the adoption of the remuneration report, re-election of a director, and approval of a grant of options, reflecting strong shareholder support. This outcome indicates a stable governance structure and continued strategic alignment with shareholder interests, potentially strengthening the company’s position in the market.

The most recent analyst rating on (AU:FRM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Farm Pride Foods Limited stock, see the AU:FRM Stock Forecast page.