ForFarmers N.V. (NL:FFARM)
:FFARM
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ForFarmers N.V.
(FFARM)
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Rating:69Neutral
Price Target:
€7.50
▲(67.41% Upside)
Action:ReiteratedDate:02/23/26
The score is driven primarily by improving financial performance (earnings and cash flow rebound) tempered by thin/volatile margins and rising leverage. Valuation is favorable (low P/E and solid yield), while technicals show a strong uptrend but are extremely overbought, increasing near-term risk.
Positive Factors
Market Position
ForFarmers' position as a leading European feed supplier, with a broad product range, branch/distributor network and partnerships, provides durable scale and customer access. This supports steady structural demand, cross-selling and resilience versus smaller competitors over months.
Negative Factors
Margin Compression
Significant gross margin compression and very thin net margins materially reduce the company's buffer against cost inflation or pricing pressure. With modest absolute margins, small adverse input-cost moves could quickly erode profitability and cash flow sustainability.
Read all positive and negative factors
Positive Factors
Negative Factors
Market Position
ForFarmers' position as a leading European feed supplier, with a broad product range, branch/distributor network and partnerships, provides durable scale and customer access. This supports steady structural demand, cross-selling and resilience versus smaller competitors over months.
Read all positive factors
ForFarmers N.V. (FFARM) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€556.95M
Dividend Yield4.66%
Average Volume (3M)80.19K
Price to Earnings (P/E)7.9
Beta (1Y)0.68
Revenue Growth8.76%
EPS Growth193.06%
CountryNL
Employees2,311
SectorGeneral
Sector StrengthN/A
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)0.30
Shares Outstanding89,283,810
10 Day Avg. Volume75,719
30 Day Avg. Volume80,186
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)1.10
Price to Sales (P/S)0.12
P/FCF Ratio3.99
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€7.50Price Target Upside67.41% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.6
Revenue Forecast (FY)€3.07B
ForFarmers N.V. Business Overview & Revenue Model
Company Description
ForFarmers N.V. provides feed solutions for conventional and organic livestock farming in the Netherlands, Belgium, Germany, Poland, and the United Kingdom. It offers compound feed and blends, feed for young animals and specialties, raw materials ...
How the Company Makes Money
ForFarmers generates revenue primarily through the sale of animal feed and nutritional products to farmers and livestock producers. The company operates on a direct sales model, where it sells its products through a network of branches and distrib...
ForFarmers N.V. Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
66
Positive
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.15B | 2.75B | 2.97B | 3.31B | 2.67B |
| Gross Profit | 339.90M | 481.00M | 477.30M | 494.80M | 436.27M |
| EBITDA | 163.80M | 82.50M | 52.70M | 69.30M | 66.11M |
| Net Income | 49.90M | 31.40M | -1.00M | 18.00M | 12.00M |
Balance Sheet | |||||
| Total Assets | 1.11B | 942.10M | 840.80M | 1.02B | 943.44M |
| Cash, Cash Equivalents and Short-Term Investments | 109.70M | 50.70M | 46.50M | 68.40M | 68.27M |
| Total Debt | 227.70M | 159.80M | 108.50M | 166.80M | 131.64M |
| Total Liabilities | 672.00M | 603.80M | 520.40M | 676.20M | 577.18M |
| Stockholders Equity | 357.80M | 328.40M | 311.50M | 335.10M | 360.53M |
Cash Flow | |||||
| Free Cash Flow | 98.40M | 43.40M | 55.10M | 12.90M | 15.05M |
| Operating Cash Flow | 149.30M | 70.20M | 86.50M | 48.20M | 54.68M |
| Investing Cash Flow | -36.00M | -78.30M | -7.20M | -34.80M | -55.64M |
| Financing Cash Flow | -30.30M | -7.40M | -66.90M | -17.80M | -2.49M |
ForFarmers N.V. Technical Analysis
Positive
4.48
Price Trends
6.32
Positive
5.50
Positive
4.90
Positive
Market Momentum
>-0.01
Positive
48.98
Neutral
29.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:FFARM, the sentiment is Positive. The current price of 4.48 is below the 20-day moving average (MA) of 6.40, below the 50-day MA of 6.32, and below the 200-day MA of 4.90, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.98 is Neutral, neither overbought nor oversold. The STOCH value of 29.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:FFARM.
ForFarmers N.V. Peers Comparison
UnderperformOutperform
Sector (55)
NL:FFARM
ForFarmers N.V.
6.35
2.41
61.25%
NL:CRBN
Corbion NV
18.93
2.17
12.92%
NL:SLIGR
Sligro Food Group NV
13.10
1.87
16.67%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.