Obermatt

Fonterra Co-operative Group

NZC:FCG · NZFCGE0001S7
Food ProductsX-Large

360

66
Medium confidence — indicative
Profit price72
Owner Earnings Yield77
Dividend Yield1
Price/Sales50
EV / Gross Profit54
Price/Book35
Return on Capital59
Cash Return on Capital52
Return on Equity55
EBIT Margin24
Gross Profitability17
Cash Conversion82
Accruals79
Owner Earnings Margin39
Sales growth83
Profit Growth50
Long-Term EPS Growth27
Owner Earnings Growth43
Reinvestment76
Price momentum97
Debt load37
Refinancing80
Debt Payback26
Liquidity60
Analyst ratings
Expectations trend
Market mood74
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Fonterra Co-operative Group clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryNew Zealand
IndustryFood Products
SizeX-Large
TypePublic Company
ExchangeNZSE
Founded2001
Employees8,244
ISINNZFCGE0001S7
Last UpdateApr 2, 2026
Themes
Fast-Moving Consumer GoodsBiomass EnergyInnovation ManagementNutrition

Description

Fonterra Co-operative Group Limited, together with its subsidiaries, collects, manufactures, and sells milk and milk-derived products. Business Segments The company operates through three primary product channels: Ingredients, Foodservice, and Cons…

Analysis

Bargain bin

Fonterra Co-operative Group Limited is priced cheaply, and that invites the natural question of why, since the underlying business scores below average.

On valuation, the picture is attractive. The owner-earnings multiple stands at 11.4×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is adequate. The company scores 8/20 on our value-creation score: creating some value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
69
20232026

All-time high

78

Jan 2023

All-time low

59

Mar 2026

Average rank

70

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
50
100
Price/Earnings
74
97
Price/Book
35
91
Dividend Yield
1
1
Value (overall)
19
90

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →