Forfarmers

ForFarmers NV. ForFarmers NV is an agricultural feed company based in the Netherlands that offers feed solutions for conventional and organic livestock farming. Its product portfolio comprises, among others, products for crop farming and pasture farming, as well as feed for the ruminant, swine, poultry and equine sectors, including compound feed and blends, feed for young animals and specialties, raw materials and co-products to seed and fertilizers. Its core activities are feed production, logistics and the provision of total feed solutions. The Company operates through the segments The Netherlands, Germany/Belgium and the United Kingdom, and operates approximately 40 production facilities in these countries.
  • TickerA2AJSS
  • ISINNL0011832811
  • ExchangeEuronext Amsterdam
  • SectorFood Producers
  • CountryNetherlands

Analysts

Guy Sips ...
  • Jason Kalamboussis
  • Wim Hoste

Morning Note: FFARM NA, NN NA, SOLB BB

ForFarmers Group : 1H19 disappointing, but in line with expectations NN Group: Decent 2Q, strong Cash position. CEO departure. Solvay : Taking key step in divestment of Polyamides

Alan Vandenberghe ...
  • Cedric Duinslaeger
  • Guy Sips
  • Jan Opdecam
  • Lenny Van Steenhuyse

Morning Note: EURN BB, FAGR BB, FFARM NA, PIC BB, SIP BB, TERB BB, XIOR BB

Euronav: Sells VLCC for Offshore project Fagron: 1H19 results conf call feedback ForFarmers: African swine fever gripping Asia could hit Europe Picanol: To consolidate or not to consolidate Sipef: Palm oil production impacted by volcano eruption Ter Beke: Pork prices soar as swine fever is in Eastern Europe Xior: 1H19 results: solid first half with a strong eps beat

Guy Sips ...
  • Jason Kalamboussis
  • Wim Hoste

Morning Note: FFARM NA, NN NA, SOLB BB

ForFarmers Group : 1H19 disappointing, but in line with expectations NN Group: Decent 2Q, strong Cash position. CEO departure. Solvay : Taking key step in divestment of Polyamides

Alan Vandenberghe ...
  • Cedric Duinslaeger
  • Guy Sips
  • Jan Opdecam
  • Lenny Van Steenhuyse

Morning Note: EURN BB, FAGR BB, FFARM NA, PIC BB, SIP BB, TERB BB, XIOR BB

Euronav: Sells VLCC for Offshore project Fagron: 1H19 results conf call feedback ForFarmers: African swine fever gripping Asia could hit Europe Picanol: To consolidate or not to consolidate Sipef: Palm oil production impacted by volcano eruption Ter Beke: Pork prices soar as swine fever is in Eastern Europe Xior: 1H19 results: solid first half with a strong eps beat

Alan Vandenberghe ...
  • Alexander Makar
  • Guy Sips
  • Jan Opdecam
  • Wim Hoste

Morning Note: ABI BB, BALTA BB, BBED NA, FFARM NA, WDP BB

AB InBev: Green shoots arising Balta: Adjustment of Management Committee Beter Bed Holding: Adjusting to a new reality ForFarmers: Transfers manufacturing away from Crewe WDP: Will develop Callebaut’s Global Distribution center

Cedric Duinslaeger ...
  • Guy Sips
  • Thomas Couvreur
  • Wim Hoste

Morning Note: CRBN NA, FFARM NA, GIMB BB

Corbion: Olivier Rigaud to become new CEO ForFarmers: When the Going Gets Tough, the Tough Get Going Gimv: Bond issue for total amount of € 250m

Guy Sips

FORFARMERS: When the Going Gets Tough, the Tough Get Going

We expect disappointing 1H19 results as ForFarmers will be unable to fully pass on higher logistics, energy and raw materials costs to its farmers. It could take a while before the stock will recover because of the unfavourable impact of some temporary purchasing positions on the 1H19 results. However, we see no reason to lower our € 8.5 Target Price which is a weighted average of our basic DCF valuation of € 8.28 (75%) and our € 9.39 valuation in case of a € 200m acquisition (25%). Our more positive stance (from Hold to Accumulate) is underpinned by our analysis of a most likely acquisition s...

1 director bought

A director at Forfarmers Group B.V bought 8,680 shares at 5.760EUR and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch