Market Capital (RM)
10.710b
Number of Share
366.78m
Revenue (TTM)
5.116B
Net Profit (TTM)
508.84M
Net Margin (TTM)
9.9%
EPS (TTM)
138.73
P/E Ratio
21.05
ROE
14.29%
P/B Ratio
3.01
NTA
9.710
5y CAGR - Revenue
4.0%
5y CAGR - Profit
6.9%
Dividend (cent)
77.000 ^
Dividend Yield
2.64%
Over the last 10 years, the revenues grew about 4% yearly and the PBT grew at a slightly faster rate of about 6.9%. This indicated its profit margins had improved. Over the 10 years above, its PBT Margin increased steadily from 8.3% to 12.5%.
Its NAPS (Net Asset Price per Share) grew from RM 4.603 per share to RM 9.112 per share. F&N is a great company, with high ROE in the mid teens. Its ROE for the above 10 years period ranged from low of 12.9% to a high of 19.4%; averaging 15% to 16%.
Given the risk free interest rate of 5% or so, its present price of RM 29.2 per shar means it is trading at a P/NAPS of 3.01 x. This valuation means it is trading at a fair price today.
F&N has distributed dividends yearly. Its DPO was around 52% to 56%. Its latest DY is 2.68%.
In summary, F&N is a great company, growing at a slow rate of 5% to 7% yearly. It retained about 50% of its earnings for future growth and with its ROE at around 15% or so, and many new projects for future growth, this stock in my portfolio remains for the long term.
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