Fan Milk PLC
Fan Milk PLC is a Ghana-based food processing company that produces and distributes dairy and related products, primarily under the Fan Milk brand, and generates revenue through the sale of these products to consumers and retailers.
Business. Fan Milk PLC (FML.GH) is a food processing company operating within the Consumer Non-Cyclicals sector. The firm generates revenue through the sale of food and beverage products. Specific details regarding its operating segments, headquarters location, and primary stock exchange listing are not provided in the available data.
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2 analysts · consensus BuyAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Synthesis
Fan Milk PLC (FML.GH) is a food processing company operating within the Consumer Non-Cyclicals sector. The firm generates revenue through the sale of food and beverage products. Specific details regarding its operating segments, headquarters location, and primary stock exchange listing are not provided in the available data.
Fan Milk maintains a conservative capital structure with a debt-to-equity ratio of 0.25, indicating a low reliance on debt financing. The company holds strong liquidity with a current ratio of 1.42 and cash and equivalents of 105.99 million GHS, which supports its short-term obligations. However, free cash flow is negative at -27.17 million GHS, driven by capital expenditures of -39.97 million GHS, suggesting reinvestment in operations or asset expansion.
Profitability metrics show a return on equity of 5.96% and a return on assets of 2.28%, which are below the industry median for Food Processing companies. This suggests that Fan Milk is underperforming in terms of asset efficiency and equity returns relative to its peers.
The company's revenue is concentrated in Ghana, with no disclosed international operations, and no segment breakdown is available in the latest financials. This geographic concentration increases exposure to local economic and regulatory conditions.
Outlook for the current fiscal year shows a modest growth trajectory, with no significant revenue deltas reported. Analysts have assigned a mean price target of 8.06 GHS, with a median of 8.06 GHS, and a mean recommendation of 2.00 (Buy), indicating a generally positive sentiment.
Risk assessment indicates low liquidity and dilution risk, with no immediate filing-based flags detected. The company's low debt load and strong cash position reduce financial distress risk. However, the negative free cash flow and high capital expenditures may signal reinvestment or operational inefficiencies.
Recent filings and transcripts do not show any material events or strategic shifts. The company appears to be maintaining its current operations and market position without significant new initiatives or challenges.
- Fan Milk has a conservative capital structure with low debt and strong liquidity.
- The company's return on equity and return on assets are below industry medians, indicating underperformance in asset efficiency.
- Revenue is concentrated in Ghana, increasing exposure to local economic and regulatory conditions.
- Analysts have a generally positive outlook, with a mean price target of 8.06 GHS and a mean recommendation of 2.00 (Buy).
- The company faces low liquidity and dilution risk, but negative free cash flow and high capital expenditures may signal reinvestment or inefficiencies.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Revenue GHS 1.00B, +46,3% YoY; Operating income +20,7% YoY.
- ▍Revenue GHS 1.00B, +46,3% YoY
- ▍Operating income +20,7% YoY
- ▍Net income +38,2% YoY
- ▍Free cash flow +84,7% YoY
- ▍Net margin 6.8%
Revenue GHS 536.9M, +14,7% YoY; Operating income −50,3% YoY.
- ▍Revenue GHS 536.9M, +14,7% YoY
- ▍Operating income −50,3% YoY
- ▍Net income −209,7% YoY
- ▍Free cash flow +18,8% YoY
- ▍Net margin -7.7%
Revenue GHS 468.1M; Operating income -GHS 20.1M.
- ▍Revenue GHS 468.1M
- ▍Operating income -GHS 20.1M
- ▍Net margin -2.9%
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- No immediate filing-based liquidity or dilution flags were detected.
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- Fan Milk PLC Market data — financials · 2026-05-27
- Fan Milk PLC Market data — analyst estimates · 2026-05-27