ForFarmers NV (FFARM) - Net Assets
Based on the latest financial reports, ForFarmers NV (FFARM) has net assets worth €438.40 Million EUR (≈ $512.54 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.11 Billion ≈ $1.30 Billion USD) and total liabilities (€672.00 Million ≈ $785.64 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is ForFarmers NV's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €438.40 Million |
| % of Total Assets | 39.48% |
| Annual Growth Rate | 5.65% |
| 5-Year Change | 19.7% |
| 10-Year Change | 2.19% |
| Growth Volatility | 12.85 |
ForFarmers NV - Net Assets Trend (2007–2025)
This chart illustrates how ForFarmers NV's net assets have evolved over time, based on quarterly financial data. See ForFarmers NV (FFARM) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for ForFarmers NV (2007–2025)
The table below shows the annual net assets of ForFarmers NV from 2007 to 2025. For live valuation and market cap data, see FFARM market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €438.40 Million ≈ $512.54 Million |
+29.59% |
| 2024-12-31 | €338.30 Million ≈ $395.51 Million |
+5.59% |
| 2023-12-31 | €320.40 Million ≈ $374.58 Million |
-6.91% |
| 2022-12-31 | €344.20 Million ≈ $402.41 Million |
-6.02% |
| 2021-12-31 | €366.26 Million ≈ $428.20 Million |
+1.04% |
| 2020-12-31 | €362.49 Million ≈ $423.78 Million |
-13.35% |
| 2019-12-31 | €418.35 Million ≈ $489.10 Million |
-5.08% |
| 2018-12-31 | €440.75 Million ≈ $515.29 Million |
+7.52% |
| 2017-12-31 | €409.93 Million ≈ $479.25 Million |
-4.44% |
| 2016-12-31 | €428.99 Million ≈ $501.53 Million |
+5.36% |
| 2015-12-31 | €407.15 Million ≈ $476.01 Million |
+10.57% |
| 2014-12-31 | €368.24 Million ≈ $430.51 Million |
+7.07% |
| 2013-12-31 | €343.94 Million ≈ $402.10 Million |
+5.15% |
| 2012-12-31 | €327.10 Million ≈ $382.42 Million |
+1.76% |
| 2011-12-31 | €321.46 Million ≈ $375.82 Million |
+2.87% |
| 2010-12-31 | €312.49 Million ≈ $365.33 Million |
+19.18% |
| 2009-12-31 | €262.20 Million ≈ $306.53 Million |
+40.23% |
| 2008-12-31 | €186.97 Million ≈ $218.59 Million |
+14.74% |
| 2007-12-31 | €162.95 Million ≈ $190.51 Million |
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Equity Component Analysis
This analysis shows how different components contribute to ForFarmers NV's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 21910000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €219.10 Million | 61.24% |
| Common Stock | €900.00K | 0.25% |
| Other Comprehensive Income | €-5.80 Million | -1.62% |
| Other Components | €143.60 Million | 40.13% |
| Total Equity | €357.80 Million | 100.00% |
ForFarmers NV Competitors by Market Cap
The table below lists competitors of ForFarmers NV ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Trust Far Tech
SHE:300231
|
$564.33 Million |
|
Shandong Lubei Chemical Co Ltd
SHG:600727
|
$564.64 Million |
|
Lifecome Biochemistry Co Ltd
SHE:002868
|
$564.69 Million |
|
Beijing Tongyizhong New Material Technology Corp
SHG:688722
|
$564.81 Million |
|
Insteel Industries Inc
NYSE:IIIN
|
$564.24 Million |
|
SD Biosensor Inc
KO:137310
|
$564.21 Million |
|
Zhejiang Jasan Holding Group Co Ltd
SHG:603558
|
$564.06 Million |
|
Svolder AB (publ)
ST:SVOL-B
|
$564.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ForFarmers NV's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 328,400,000 to 357,800,000, a change of 29,400,000 (9.0%).
- Net income of 49,900,000 contributed positively to equity growth.
- Dividend payments of 17,600,000 reduced retained earnings.
- Share repurchases of 1,700,000 reduced equity.
- Other comprehensive income decreased equity by 3,200,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €49.90 Million | +13.95% |
| Dividends Paid | €17.60 Million | -4.92% |
| Share Repurchases | €1.70 Million | -0.48% |
| Other Comprehensive Income | €-3.20 Million | -0.89% |
| Other Changes | €2.00 Million | +0.56% |
| Total Change | €- | 8.95% |
Book Value vs Market Value Analysis
This analysis compares ForFarmers NV's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.56x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.05x to 1.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | €3.07 | €6.28 | x |
| 2013-12-31 | €3.16 | €6.28 | x |
| 2014-12-31 | €3.42 | €6.28 | x |
| 2015-12-31 | €3.79 | €6.28 | x |
| 2016-12-31 | €4.00 | €6.28 | x |
| 2017-12-31 | €3.89 | €6.28 | x |
| 2018-12-31 | €4.35 | €6.28 | x |
| 2019-12-31 | €4.16 | €6.28 | x |
| 2020-12-31 | €3.73 | €6.28 | x |
| 2021-12-31 | €3.79 | €6.28 | x |
| 2022-12-31 | €3.73 | €6.28 | x |
| 2023-12-31 | €3.50 | €6.28 | x |
| 2024-12-31 | €3.70 | €6.28 | x |
| 2025-12-31 | €4.04 | €6.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ForFarmers NV utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.58%
- • Asset Turnover: 2.84x
- • Equity Multiplier: 3.10x
- Recent ROE (13.95%) is above the historical average (9.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 16.32% | 0.80% | 8.03x | 2.53x | €20.41 Million |
| 2013 | 9.16% | 1.26% | 3.24x | 2.25x | €-2.84 Million |
| 2014 | 13.23% | 2.17% | 3.18x | 1.92x | €11.75 Million |
| 2015 | 12.60% | 2.26% | 3.04x | 1.83x | €10.46 Million |
| 2016 | 12.56% | 2.53% | 2.72x | 1.83x | €10.85 Million |
| 2017 | 14.45% | 2.64% | 2.82x | 1.94x | €18.02 Million |
| 2018 | 13.45% | 2.44% | 2.75x | 2.01x | €15.03 Million |
| 2019 | 4.28% | 0.72% | 2.85x | 2.09x | €-23.62 Million |
| 2020 | 3.97% | 0.60% | 2.88x | 2.29x | €-21.54 Million |
| 2021 | 3.33% | 0.45% | 2.83x | 2.62x | €-24.05 Million |
| 2022 | 5.37% | 0.54% | 3.25x | 3.05x | €-15.51 Million |
| 2023 | -0.32% | -0.03% | 3.54x | 2.70x | €-32.15 Million |
| 2024 | 9.56% | 1.14% | 2.91x | 2.87x | €-1.44 Million |
| 2025 | 13.95% | 1.58% | 2.84x | 3.10x | €14.12 Million |
Industry Comparison
This section compares ForFarmers NV's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $5,523,000,000
- Average return on equity (ROE) among peers: 3.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ForFarmers NV (FFARM) | €438.40 Million | 16.32% | 1.53x | $564.30 Million |
| Jde Peets Nv (JDEP) | $9.42 Billion | 6.21% | 1.32x | $15.46 Billion |
| The Magnum Ice Cream Company N.V. (MICC) | $1.62 Billion | 0.00% | 1.62x | $7.67 Billion |
About ForFarmers NV
ForFarmers N.V., together with its subsidiaries, provides feed solutions for conventional and organic livestock farming under the ForFarmers brand in the Netherlands, Germany, the United Kingdom, Poland, Belgium, and internationally. The company offers compound, young animal, and specialty feed products for ruminants, dairy cows, pigs, horses, and poultry; and moist co-products, loose raw materia… Read more