Fraser and Neave Limited’s Annual Report: 13 Key Numbers Investors Should Know

Fraser and Neave Limited  (SGX: F99) released its latest annual report last Friday.

The beverages manufacturer and distributor, which is better known as F&N, currently has four main business segments: Beverages; Dairies; Publishing & Printing; and Others. The latest annual report, for F&N’s fiscal year ended 30 September 2016 (FY2016), had plenty of information about the company’s business. Here are 13 figures that could help investors learn more about F&N:

  1. F&N has a history that stretches back over 133 years. The company was established as The Singapore and Straits Aerated Water Company by John Fraser and Chalmers Neave in 1883. Right from the start, the company produced carbonated soft drinks. F&N came public in 1898.
  2. The beverage firm picked up steam when it secured the Coca Cola franchise in Singapore and Malaysia. In FY2016, the Beverages segment accounted for 22% of F&N’s total sales and 13% of its profit before interest and taxes (PBIT).
  3. 58 years ago in 1959, F&N partnered Beatrice Foods of Chicago to build the first sweetened condensed milk plant in Malaysia. This was followed by the first dairy plant in Singapore in 1968. In FY2016, the Dairies segment contributed 55% of the company’s total revenue and 66% of PBIT.
  4. In comparison, the company’s Publishing and Printing segment is fairly new. F&N acquired a 20.1% stake in Times Publishing Group in 1999 and subsequently launched a takeover offer. The segment contributed 16% of F&N’s total revenue and recorded a negative PBIT for FY2016.
  5. F&N also had a property business that was established in 1985. This arm has since been spun-off into a separate Singapore company called Fraser Centrepoint Ltd (SGX: TQ5).
  6. F&N has had its ups and downs over the last few years. The company’s market capitalisation went as high as $13.4 billion in FY2012 before declining to just $3.1 billion in FY2016. There were a series of changes that occurred to F&N over the past few years. These include the disposal of its stake in beer brewers Asia Pacific Breweries and Myanmar Brewery Limited, and the aforementioned spin-off of Frasers Centrepoint. F&N shareholders received two shares of Frasers Centrepoint for each F&N share owned.
  7. From October 2006 to November 2016, F&N generated total returns of 230% for patient shareholders. As of 12 December 2016, F&N’s chairman Charoen Sirivadhanabhakdi, who is also the chairman of Thai Beverage Public Company Limited (SGX: Y92), is the largest shareholder of the company. Sirivadhanabhakdi has a near-88% stake in F&N.

All the data above gives investors a sense of F&N’s business activities. To learn more, you can take a look at its annual report.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Chin Hui Leong doesn’t own shares in any companies mentioned.