Fonterra stock price, revenue, and financials

Fonterra annual revenue was $20.11 b in FY 2019

$20.1 B

Fonterra Revenue FY, 2019
Fonterra Revenue growth (FY, 2018 - FY, 2019), %(2%)
Fonterra Gross profit (FY, 2019)3 B
Fonterra Gross profit margin (FY, 2019), %15%
Fonterra Net income (FY, 2019)-605 M
Fonterra EBIT (FY, 2019)-10 M
Fonterra Cash, 31-Jul-2019550 M

Fonterra Revenue

Fonterra revenue was $20.11 b in FY, 2019 which is a 1.6% year over year decrease from the previous period.

Embed Graph

Fonterra Revenue Breakdown

Embed Graph

Fonterra revenue breakdown by geographic segment: 11.8% from Rest of World, 10.8% from New Zealand, 27.8% from Rest of Asia, 8.8% from Australia , 21.3% from China, 10.6% from Latin America and 8.9% from Other

Fonterra Income Statement

Annual

NZDFY, 2017FY, 2018FY, 2019

Revenue

19.2b20.4b20.1b

Revenue growth, %

6%(2%)

Cost of goods sold

16.0b17.3b17.1b

Gross profit

3.3b3.2b3.0b

Gross profit Margin, %

17%15%15%

Sales and marketing expense

641.0m651.0m590.0m

General and administrative expense

810.0m873.0m773.0m

Operating expense total

2.1b2.9b2.8b

EBIT

1.1b262.0m(10.0m)

EBIT margin, %

6%1%0%

Interest expense

427.0m462.0m415.0m

Pre tax profit

765.0m(154.0m)(428.0m)

Income tax expense

20.0m42.0m177.0m

Net Income

745.0m(196.0m)(605.0m)

Half Year

NZDH1, 2017H1, 2018H1, 2019

Revenue

9.2b9.8b9.7b

Cost of goods sold

7.5b8.2b8.2b

Gross profit

1.8b1.7b1.5b

Gross profit Margin, %

19%17%15%

Sales and marketing expense

329.0m346.0m326.0m

General and administrative expense

440.0m461.0m439.0m

Operating expense total

1.1b1.8b1.2b

EBIT

644.0m176.0m323.0m

EBIT margin, %

7%2%3%

Pre tax profit

487.0m(377.0m)118.0m

Income tax expense

69.0m29.0m38.0m

Net Income

418.0m(348.0m)80.0m

Fonterra Balance Sheet

Annual

NZDFY, 2017FY, 2018FY, 2019

Cash

393.0m446.0m550.0m

Accounts Receivable

2.0b2.0b1.8b

Inventories

2.6b2.9b2.9b

Current Assets

6.1b6.0b5.8b

PP&E

6.4b6.8b6.5b

Goodwill

1.1b1.1b561.0m

Total Assets

17.8b18.0b17.1b

Accounts Payable

1.7b1.7b1.5b

Short-term debt

1.1b992.0m1.2b

Current Liabilities

4.7b5.1b5.0b

Long-term debt

5.2b5.9b5.4b

Non-Current Liabilities

5.9b6.5b6.2b

Total Debt

6.3b6.9b6.6b

Total Liabilities

10.6b11.7b11.2b

Retained Earnings

1.6b934.0m360.0m

Total Equity

7.2b6.3b5.9b

EPS

0.5(0.1)(0.3)

Debt to Equity Ratio

0.9 x1.1 x1.1 x

Debt to Assets Ratio

0.4 x0.4 x0.4 x

Financial Leverage

2.5 x2.8 x2.9 x

Half Year

NZDH1, 2017H1, 2018H1, 2019

Cash

348.0m359.0m348.0m

Inventories

4.6b5.0b5.1b

Current Assets

7.7b8.5b8.0b

PP&E

6.1b6.6b6.9b

Total Assets

19.3b20.2b20.1b

Short-term debt

992.0m1.4b675.0m

Current Liabilities

5.7b6.6b5.8b

Long-term debt

5.8b6.2b7.1b

Non-Current Liabilities

6.5b6.9b7.8b

Total Debt

6.8b7.6b7.8b

Total Liabilities

12.2b13.5b13.6b

Retained Earnings

1.6b961.0m1.0b

Total Equity

7.1b6.7b6.6b

Debt to Equity Ratio

0.9 x1.1 x1.2 x

Debt to Assets Ratio

0.3 x0.4 x0.4 x

Financial Leverage

2.7 x3 x3.1 x

Fonterra Cash Flow

Annual

NZDFY, 2017FY, 2018FY, 2019

Depreciation and Amortization

526.0544.0m561.0

Accounts Receivable

(634.0)75.0m388.0

Inventories

(177.0)(313.0m)(52.0)

Accounts Payable

(100.0)98.0m(124.0)

Cash From Operating Activities

1.4k1.5b1.1k

Purchases of PP&E

(690.0)(858.0m)(541.0)

Cash From Investing Activities

(706.0)(948.0m)(28.0)

Long-term Borrowings

(4.0k)(4.1b)(4.1k)

Dividends Paid

(484.0)(480.0m)(22.0)

Cash From Financing Activities

(622.0)(725.0m)(850.0)

Net Change in Cash

48.0(125.0m)245.0

Interest Paid

(393.0)(446.0m)(427.0)

Income Taxes Paid

(70.0)(86.0m)(56.0)

Half Year

NZDH1, 2017H1, 2018H1, 2019

Depreciation and Amortization

289.0m275.0m284.0m

Accounts Receivable

(561.0m)3.0m19.0m

Inventories

(2.2b)(2.4b)(2.1b)

Accounts Payable

78.0m227.0m34.0m

Cash From Operating Activities

167.0m(292.0m)(612.0m)

Purchases of PP&E

(277.0m)(400.0m)(320.0m)

Cash From Investing Activities

(250.0m)(398.0m)(170.0m)

Long-term Borrowings

(2.1b)(1.6b)(1.9b)

Dividends Paid

(176.0m)(323.0m)(20.0m)

Cash From Financing Activities

410.0m651.0m805.0m

Net Change in Cash

(7.0m)(39.0m)23.0m

Interest Paid

(186.0m)(199.0m)(212.0m)

Income Taxes Paid

(41.0m)(41.0m)(34.0m)

Fonterra Ratios

NZDY, 2019

Revenue/Employee

1.0m

Debt/Equity

1.1 x

Debt/Assets

0.4 x

Financial Leverage

2.9 x

Fonterra Operating Metrics

H1, 2017FY, 2017H1, 2018FY, 2018H1, 2019FY, 2019

Average Price per Tonnes (Butter)

$3.43 k$4.22 k$5.88 k$5.58 k$4.46 k$4.45 k

Average Price per Tonnes (Cheese)

$3.55 k$3.76 k$3.90 k$3.85 k$3.52 k$3.77 k

Average Price per Tonnes (Skim Milk Powder)

$2.14 k$2.22 k$2 k$1.97 k$2.05 k$2.22 k

Average Price per Tonnes (Whole Milk Powder)

$2.58 k$2.86 k$3.09 k$3.09 k$2.85 k$2.91 k

Production Volume (Ingredients, Non-Reference Products), tonnes

457 k749 k483 k762 k485 k768 k

Production Volume (Ingredients, Reference Products), tonnes

1.29 m1.87 m1.27 m1.85 m1.35 m1.88 m

Sales Volume (China Farms), liquid milk equivalents

132 m335 m132 m273 m113 m259 m

Sales Volume (China Farms), tonnes

10 k26 k10 k22 k9 k20 k

Sales Volume (Consumer and Foodservice), liquid milk equivalents

2.71 b5.46 b2.70 b5.59 b2.49 b5.13 b

Sales Volume (Consumer and Foodservice), tonnes

908 k1.78 m893 k1.80 m888 k1.78 m

Sales Volume (Consumer and Foodservice, Asia), liquid milk equivalents

857 m1.70 b763 m1.77 b733 m1.45 b

Sales Volume (Consumer and Foodservice, Greater China), liquid milk equivalents

583 m1.28 b599 m1.41 b524 m1.21 b

Sales Volume (Consumer and Foodservice, Greater China), tonnes

112 k237 k129 k266 k144 k299 m

Sales Volume (Consumer and Foodservice, Latin America), liquid milk equivalents

358 m735 m368 m747 m388 m779 m

Sales Volume (Consumer and Foodservice, Latin America), tonnes

305 k600 k294 k578 k280 k559 m

Sales Volume (Consumer and Foodservice, Oceania), liquid milk equivalents

912 m1.74 b819 m1.66 b843 m1.69 b

Sales Volume (Consumer and Foodservice, Oceania), tonnes

335 k636 k309 k623 k315 k627 k

Sales Volume (Consumer and Foodservice,Asia), tonnes

156 k310 k145 k331 k149 k297 k

Sales Volume (Consumer), liquid milk equivalents

1.60 b3.16 b1.43 b3.15 b1.51 b2.94 b

Sales Volume (Consumer), tonnes

712 k1.38 m676 k1.38 m680 k1.33 m

Sales Volume (Consumer, Asia), liquid milk equivalents

558 m1.10 b439 m1.13 b461 m890 m

Sales Volume (Consumer, Greater China), liquid milk equivalents

49 m112 m63 m139 m81 m126 m

Sales Volume (Consumer, Greater China), tonnes

28 k58 k40 k71 k45 k76 k

Sales Volume (Consumer, Latin America), liquid milk equivalents

305 m637 m321 m653 m334 m670 m

Sales Volume (Consumer, Latin America), tonnes

288 k569 k280 k550 k265 k527 k

Sales Volume (Consumer, Oceania), liquid milk equivalents

685 m1.31 b610 m1.23 b630 m1.26 b

Sales Volume (Consumer, Oceania), tonnes

285 k538 k260 k525 k267 k524 k

Sales Volume (Consumer,Asia), tonnes

111 k220 k96 k233 k104 k204 k

Sales Volume (Fonterra Ingredients Australia), liquid milk equivalents

833 m1.62 b836 m1.76 b843 m1.66 b

Sales Volume (Fonterra Ingredients Australia), tonnes

155 k305 k148 k350 k175 k328 k

Sales Volume (Foodservice), liquid milk equivalents

1.11 b2.30 b1.11 b2.44 b982 m2.19 b

Sales Volume (Foodservice), tonnes

197 k399 k201 k419 k208 k452 k

Sales Volume (Foodservice, Asia), liquid milk equivalents

299 m599 m323 m643 m272 m559 m

Sales Volume (Foodservice, Greater China), liquid milk equivalents

534 m1.17 b535 m1.27 b443 m1.08 b

Sales Volume (Foodservice, Greater China), tonnes, Greater China), tonnes

84 k179 k89 k195 k99 k223 k

Sales Volume (Foodservice, Latin America), liquid milk equivalents

53 m97 m46 m94 m54 m109 m

Sales Volume (Foodservice, Latin America), tonnes

16 k32 k14 k28 k16 k32 k

Sales Volume (Foodservice, Oceania), liquid milk equivalents

227 m433 m209 m427 m213 m433 m

Sales Volume (Foodservice, Oceania), tonnes

51 k98 k49 k98 k48 k104 k

Sales Volume (Foodservice,Asia), tonnes

45 k90 k49 k98 k45 k93 k

Sales Volume (Global Ingredients and Operations), liquid milk equivalents

10 b8.76 b9.42 b

Sales Volume (Global Ingredients and Operations), tonnes

1.47 m1.34 m1.46 m

Sales Volume (Ingredients), liquid milk equivalents

10.98 b21.30 b9.80 b20.50 b10.45 b21.40 b

Sales Volume (Ingredients), tonnes

1.66 m3.02 m1.44 m2.99 m1.56 m3.17 m

Sales Volume (Ingredients, Non-Reference Products), tonnes

338 k696 k277 k620 k354 k774 k

Sales Volume (Ingredients, Reference Products), tonnes

973 k1.84 m900 k1.79 m924 k1.86 m

Sales Volume (New Zealand Ingredients), liquid milk equivalents

19.37 b18.43 b19.49 b

Sales Volume (New Zealand Ingredients), tonnes

2.88 m2.78 m2.97 m

Sales Volume (Other and Eliminations), liquid milk equivalents

150 m317 m178 k338 m137 m268 m

Sales Volume (Other and Eliminations), tonnes

-77 k-165 m-49 k-142 k-76 m-129 m

Sales Volume, liquid milk equivalents

11.70 b22.90 b10.50 b22.20 b10.67 b21.90 b

Sales Volume, tonnes

2.25 m4.18 m2 m4.12 m2.06 m4.14 m

Fonterra Sustainability Metrics

 FY, 2018

Water Withdrawn (Surface)

25.07 m cubic meters

Water Withdrawn (Municipal)

9.78 m cubic meters

Water Withdrawn (Ground Water)

19.17 m cubic meters

Water Discharged (River)

23.67 m cubic meters

Water Discharged (Ocean)

14.04 m cubic meters

Water Discharged (Municipal Treatment)

5.27 m cubic meters

Water Discharged (Irrigation)

15.59 m cubic meters

Waste Landfilled (New Zealand)

5.66 k tonnes

Total Waste Landfilled

15.43 k tonnes

Total Greenhouse Gas Emissions

22.20 m metric tons of carbon dioxide equivalent

Greenhouse Gas Emissions (Scope 3)

19.54 m metric tons of carbon dioxide equivalent

Greenhouse Gas Emissions (Scope 2)

70 k metric tons of carbon dioxide equivalent

Greenhouse Gas Emissions (Scope 1)

224 k metric tons of carbon dioxide equivalent

Greenhouse Gas Emissions (Purchased Steam)

239 k metric tons of carbon dioxide equivalent

Greenhouse Gas Emissions (Non-energy)

8 k metric tons of carbon dioxide equivalent

Greenhouse Gas Emissions (Natural Gas)

426 k metric tons of carbon dioxide equivalent

Greenhouse Gas Emissions (Liquid Fossil Fuels)

164 k metric tons of carbon dioxide equivalent

Greenhouse Gas Emissions (Electricity)

408 k metric tons of carbon dioxide equivalent

Greenhouse Gas Emissions (Coal)

873 k metric tons of carbon dioxide equivalent

Fonterra Grass Roots Fund Donations

$770 k

Average (Mean) Somatic Cell Count (New Zealand)

180 k cells/ml

Average (Mean) Somatic Cell Count (China)

168 k cells/ml

Average (Mean) Somatic Cell Count (Chile – Soprole)

313 k cells/ml

Average (Mean) Somatic Cell Count (Chile – Prolesur)

322 k cells/ml

Average (Mean) Somatic Cell Count (Australia)

178 k cells/ml

Fonterra Human Capital

Job Roles

FY, 2019FY, 2018FY, 2017
Female (Executive Leadership), percent14.5 %7 %7 %
Female (Board), percent9 %9 %12.5 %
Male (Board), percent41 %41 %37.5 %
Male (Executive Leadership), percent35.5 %43 %43 %
  • Source: Company Filings FY 2019

Gender

FY, 2018FY, 2017
Male, percent73 %72.9 %
Female, percent27 %27.1 %
  • Source: Company Filings FY 2019

Fonterra Employee Rating

3.7218 votes
Culture & Values
3.5
Work/Life Balance
3.8
Senior Management
2.8
Salary & Benefits
3.8
Career Opportunities
3.4
Source