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General information

Sector: Consumer Services

The company is not available at Interactive Brokers

Famous Brands Limited (JSE:FBR) is a branded food services business operating franchised, master license and Company-owned restaurants. The Group's vertically integrated business model comprises three pillars:


  • Brands
  • Manufacturing
  • Logistics


 

The Brands portfolio consists of a number of restaurant brands, represented by a network of restaurants across SA, the rest of Africa, the Middle East and the UK. The portfolio is segmented into Leading brands and Signature brands:

Leading Brands

The Leading brands portfolio is segmented into Quick Service and Casual Dining brands:


  • The group's Leading Quick Service brands are those that prioritise take away and delivery offerings. While these restaurants offer limited sit-down options, there focus is on quick service. The portfolio offers a wide range of menu options including burgers, pizza, chicken, fish and desserts. Brands include Steers, Debonairs Pizza, Fishaways and Milky Lane.
  • The group's Leading Casual Dining restaurants brands are those that offer patrons a full-service, sit-down experience. The menu offering consists of casual breakfasts, light meals and evening dining. Brands include Mugg & Bean, Wimpy and Fego Caffe.


 

Signature Brands

Signature Brands are the group's niche offerings. These brands offer a simple way of providing a personalised dining experiences. Certain Signature brands are JV partnerships that develop and incubate innovative ideas to be nurtured into fully fledged brands. Brands include Mythos, Lupa Osteria, Turn 'n Tender Steakhouse, Salsa Mexican Grill, PAUL, Vovo Telo, Europa, House of Coffees, Coffee Couture and NetCafe.

Other brands include Mr Biggs, Aqua Monte (bottled water), Balitmore (bespoke ice cream), Trufruit (premium fruit juice).

The group's integrated supply chain consists of Manufacturing and Logistics operations which support the Brands business in SA and selected markets in the rest of Africa.

 

Manufacturing

The franchise network and selected food services and retail customers consume the group's range of manufactured licensed products. The operation comprises wholly owned and joint venture businesses. The group has 12 manufacturing facilities to service its partners including:


  • a juice plant in KwaZulu-Natal;
  • a meat plant and potato products plant in the Western Cape;
  • a bakery, meat, serviette, sauce and spice, coffee and ice cream plants in Gauteng; and
  • a cheese plant in the Eastern Cape.


 

Logistics

The Logistics operation is the group's route-to-market, delivering a basket of products to the franchise network. These products cater for brand-specific menus. Ten distribution centres support the Logistics operation in South Africa.

These divisions are supported by a range of central services including shared facilities, human resources and information technology. In addition, a core of corporate services supports the entire organization.



  • Bad financial results growth rate -14.7% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (0.2%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 1.1% (LTM)
  • Share price is 21.5% higher than minimum and 27.5% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (6.7x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (-1.2%)58.00
Share price, USD: 3.31
Common stocks: 100 187 425

Dividend Yield:  0.0%
FCF Yield LTM: 1.1%
EV / LTM EBITDA: 6.7x
Last revenue growth (y/y):  -6.9%
Last growth of EBITDA (y/y):  -22.5%
Historical revenue growth:  +2.9%
Historical growth of EBITDA:  +33.9%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 332
Net Debt ($m): 69
EV (Enterprise Value): 401
EBITDA LTM ($m): 60
EV / LTM EBITDA: 6.7x
Price to Book: 6.72x

Revenue and EBITDA

Semi-Annual values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

EV / EBITDA

Potential dynamics

TechCentral Headlines

CompCom takes aim at Uber Eats, Mr D Food

The Competition Commission has taken aim at Uber Eats and Mr D Food, imposing strict new rules on the firms.

2023-08-01 14:21 +02:00
by Nkosinathi Ndlovu

JSE:FBR JSE:ETO

EOH to list on A2X Markets

JSE-listed IT services group EOH Holdings plans a secondary listing on A2X Markets, with its shares to available to trade from Friday, 13 August.

2021-08-05 11:30 +02:00
by Staff Reporter

JSE:PRX JSE:NPN JSE:SOL JSE:SLM JSE:APN JSE:MRP JSE:MTM JSE:AVI JSE:JSE JSE:FBR JSE:EOH JSE:ISA

Counting the (very high) cost of last week’s anarchy

It is not yet clear just how extensive the destruction of particularly retail and warehouse property and the looting of stock in the unrest in KwaZulu-Natal and Gauteng was.

2021-07-19 06:08 +02:00
by Staff Reporter

JSE:SHP JSE:NED JSE:PPH JSE:CLS JSE:INP JSE:WHL JSE:MRP JSE:SPP JSE:INL JSE:TBS JSE:IPF JSE:MSM JSE:CSB JSE:FBR JSE:MPT JSE:LEW JSE:MST

Reuters Headlines

UPDATE 1-South Africa`s Famous Brands H1 profit soars, restores dividend

South Africa`s Famous Brands reported a 121% rise in half-year earnings on Wednesday, as the restaurant owner continued to recover from COVID-19 lockdown restrictions which had prevented it from operating fully.

2022-10-26

JSE:AVI JSE:FBR

UPDATE 2-Spreading violence after Zuma jailing hits South Africa`s rand

South Africa`s rand tumbled more than 2% on Monday, battered by an outbreak of violence and looting after the jailing of former president Jacob Zuma.

2021-07-12

JSE:SUI JSE:FBR JSE:ISA

South Africa set for wave of equity fundraising as banks shun risk

South Africa is set see a wave of equity fundraising as banks` capacity to lend is under strain from rising bad debts just as corporations are in need of funds to cope with fallout from the coronavirus pandemic.

2020-09-23

JSE:SBK JSE:AVI JSE:JSE JSE:FBR JSE:PPC JSE:ISA

S.African restaurant group Famous Brands expects revenue upturn in June

South African restaurant group Famous Brands, owner of chains such as Steers and Wimpy, expects revenue to pick up in June to 35% of normal monthly levels as the country eases lockdown restrictions further, its CEO said on Tuesday.

2020-05-26

JSE:AVI JSE:FBR

S.Africa`s Famous Brands reports marginal revenue due to lockdowns

South Africa`s Famous Brands Ltd, owner of restaurant chains including Steers and Wimpy, on Monday reported negligible revenue for a period of five weeks as it gears up for the start of delivery-only services in some markets.

2020-05-04

JSE:FBR

South Africa eases lockdown of battered economy

South Africa took its first shaky steps on Friday towards rolling back one of the world`s strictest COVID-19 lockdowns, seeking a balance between containing the disease and providing much-needed relief for the economy.

2020-05-01

JSE:AVI JSE:FBR JSE:ISA

UPDATE 2-South Africa eases lockdown of battered economy

* Businesses calculating costs under new rules (Adds Zimbabwe, Namibia lockdowns, details)

2020-05-01

JSE:AVI JSE:FBR JSE:ISA

South Africa takes painful first steps towards reopening battered economy

South Africa took its first shaky steps towards rolling back one of the world`s strictest COVID-19 lockdowns on Friday as it sought to strike a delicate balance between containing the disease and reviving its battered economy.

2020-05-01

JSE:AVI JSE:FBR JSE:ISA

Famous Brands sees $60 mln impairment as UK burger business struggles

South African fast-food chain owner Famous Brands, which owns Wimpy, Steers and Debonairs pizza said on Monday it will take a pre-tax impairment charge of 874 million rand ($60 million), sending its shares down 7 percent.

2018-10-15

JSE:AVI JSE:FBR

Insider trades

Date
Company
Person
B/S
Stocks
Price
volume USD
2024-08-21
Famous Brands
[JSE:FBR]
Nicolaos Halamandaris
S
15682
ZAR 57
+1.6%
50 141
2024-08-21
Famous Brands
[JSE:FBR]
Nicolaos Halamandaris
S
106346
ZAR 57
+1.6%
340 025
2024-08-20
Famous Brands
[JSE:FBR]
Nicolaos Halamandaris
S
77972
ZAR 57
+1.8%
249 576
2024-08-14
Famous Brands
[JSE:FBR]
Nicolaos Halamandaris
S
21314
ZAR 56.8
+2.4%
66 980
2024-08-14
Famous Brands
[JSE:FBR]
Nicolaos Halamandaris
S
174809
ZAR 56.8
+2.4%
549 342
2024-08-13
Famous Brands
[JSE:FBR]
Nicolaos Halamandaris
S
3877
ZAR 56.91
+3.6%
12 183
2024-08-12
Famous Brands
[JSE:FBR]
Nicolaos Halamandaris
S
4691
ZAR 55.83
+3.9%
14 336
2024-08-12
Famous Brands
[JSE:FBR]
Nicolaos Halamandaris
S
395309
ZAR 55.4
+3.9%
1 198 850
2023-07-14
Famous Brands
[JSE:FBR]
Mr Deon Fredericks
B
15000
ZAR 58.07
+0.2%
48 181
2023-06-21
Famous Brands
[JSE:FBR]
DP Hele
S
165
ZAR 62.95
-4.9%
567
2023-06-21
Famous Brands
[JSE:FBR]
DP Hele
S
734
ZAR 62.95
-4.9%
2 524
2023-06-19
Famous Brands
[JSE:FBR]
DP Hele
S
10354
ZAR 63.08
-6.6%
35 919
2023-06-19
Famous Brands
[JSE:FBR]
DP Hele
S
32880
ZAR 63.08
-6.6%
114 065
2023-06-19
Famous Brands
[JSE:FBR]
S
43234
ZAR 63.08
-6.6%
149 985
2022-10-28
Famous Brands
[JSE:FBR]
Mr Deon Fredericks
B
3000
ZAR 54.72
+4.8%
9 053
2022-10-28
Famous Brands
[JSE:FBR]
Mr Deon Fredericks
B
495
ZAR 54.94
+4.8%
1 500
2022-08-29
Famous Brands
[JSE:FBR]
Mr Deon Fredericks
B
1978
ZAR 57.35
+1.8%
6 734
2022-08-26
Famous Brands
[JSE:FBR]
Mr Deon Fredericks
B
6000
ZAR 57.46
+1.1%
20 422
2022-08-24
Famous Brands
[JSE:FBR]
Mr Deon Fredericks
B
10022
ZAR 58.51
+1.8%
34 591
2022-07-08
Famous Brands
[JSE:FBR]
Mr Deon Fredericks
B
7092
ZAR 61.87
-3.8%
26 012
2022-07-07
Famous Brands
[JSE:FBR]
Mr Deon Fredericks
B
1
ZAR 60.81
-4.3%
4
2022-07-06
Famous Brands
[JSE:FBR]
Mr Deon Fredericks
B
10
ZAR 57.7
-3.5%
34
2022-07-04
Famous Brands
[JSE:FBR]
Mr Deon Fredericks
B
1891
ZAR 59.3
-3.4%
6 857
2022-07-01
Famous Brands
[JSE:FBR]
Mr Deon Fredericks
B
12006
ZAR 59.47
-1.2%
43 699
2022-06-10
Famous Brands
[JSE:FBR]
Mr Deon Fredericks
B
1790
ZAR 64.42
-7.6%
7 271
2022-06-09
Famous Brands
[JSE:FBR]
Mr Deon Fredericks
B
19210
ZAR 65.99
-11.2%
81 824
2022-06-08
Famous Brands
[JSE:FBR]
Mr Deon Fredericks
B
10000
ZAR 67.28
-13.5%
44 016
2022-06-01
Famous Brands
[JSE:FBR]
DP Hele
S
5945
ZAR 61.6
-6.8%
23 499
2022-06-01
Famous Brands
[JSE:FBR]
B
51707
ZAR 61.6
-6.8%
204 358
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Releases

2022-07-22
AGM Results and Market Update
2022-07-12
Dealings in securities by an associate of a director
2022-07-07
Dealings in securities by an associate of a director
2022-07-05
Dealings by Famous Brands Share Incentive Scheme 2015
2022-07-01
Dealing in securities by a director
2022-06-23
No change statement and notice of Annual General Meeting
2022-06-21
Dealings by Famous Brands Share Incentive Scheme 2015
2022-06-14
Dealings in securities by an associate of a director
2022-06-09
Disclosure of beneficial interest in Famous Brands
2022-06-09
Dealings by Famous Brands Share Incentive Scheme 2015
2022-06-07
Dealing in securities
2022-05-31
Summarised Results for the year ended 28 February 2022
2022-05-11
Trading Statement for the year ended 28 February 2022
2022-03-30
Famous Brands advances its strategic investment roadmap
2022-03-15
Voluntary Performance Update For The Twelve Months Ended 28 February 2022
2022-03-04
Dealings in securities
2021-12-23
B-BBEE Annual Compliance Report
2021-11-12
Dealings by Famous Brands Share Incentive Scheme 2015
2021-11-12
Appointment of Group Financial Director
2021-11-05
Dealings in securities
2021-11-04
Dealings in securities
2021-10-27
Summarised interim financial results for the six months ended 31 August 2021
2021-10-13
Trading Statement
2021-10-11
Appointment of an Independent Non-executive Director
2021-09-13
Voluntary Performance Update For The Six Months Ended 31 August 2021

SENS Announcements

2024-08-29
Dealing in Securities
2024-08-27
B-BBEE Certificate And Annual Compliance Report
2024-08-23
Dealings in Securities
2024-08-20
Change in Beneficial Interest
2024-08-20
Dealings in Securities
2024-08-14
Dealings in Securities
2024-07-26
Results of Annual General Meeting, Market Update and Board Changes
2024-07-05
Change in beneficial interest
2024-07-03
Change in beneficial interest
2024-06-28
Dealings in Securities
2024-06-25
Disclosure of disposal of significant holding of Famous Brands Ordinary Shares
2024-06-25
Dealings in Famous Brands Shares
2024-06-21
Notice of Annual General Meeting
2024-06-19
Dealings in Famous Brands Shares
2024-06-10
Dealings in Famous Brands shares
2024-05-27
Disclosure of disposal of significant holding of Famous Brands ordinary shares
2024-05-20
Summarised results for the year ended 29 February 2024
2024-03-14
Appointment of Chairman-elect and board changes
2024-02-21
Disclosure of Acquisition of significant holding of Famous Brands Ordinary Shares
2024-01-11
Disclosure of Acquisition of Significant Holdings of Famous Brands Ordinary Shares
2023-11-13
Change of record date for interim dividend due to public holiday on 15 December 2023
2023-10-24
Changes to board committees
2023-10-24
Unaudited Condensed Consolidated Interim Financial Results for the six months ended 31 August 2023
2023-10-09
Trading statement for the six months ended 31 August 2023
2023-08-31
B-BBEE Annual Compliance Report
2023-08-28
Appointment of an independent non-executive director
2023-08-14
Dealing in securities
2023-07-27
Dealings in Securities by a Director
2023-07-20
AGM Results, Voluntary Market Update and announcement of intended retirement of Chairman in 2024
2023-07-19
Dealings in securities by an associate of a director
2023-07-11
Dealings in Famous Brands Shares
2023-06-30
Dealings in Securities
2023-06-23
Dealings in Famous Brands Shares
2023-06-21
Dealings in Securities
2023-06-21
No Change Statement And Notice Of Annual General Meeting
2023-06-20
Change in Beneficial Interest
2023-06-08
Dealings in Securities
2023-05-23
Results of general meeting
2023-05-22
Summarised Results for the year ended 28 February 2023
2023-05-04
Trading Statement
2023-04-21
Posting of circular and notice of general meeting
2023-03-08
Changes to the audit and risk committee
2023-02-22
Announcement Relating To The Acquisition Of Steers Properties And Halamandaris Props
2023-01-24
Dealing in Securities by a Director
2022-12-22
Appointment of Group Financial Director-Designate and changes to the board
2022-12-12
Appointment Of An Independent Non-Executive Director
2022-11-23
Related party transaction - availability of fairness opinion
2022-11-03
Appointment to the Social and Ethics Committee
2022-11-03
Dealings in securities by an associate of a director
2022-10-31
Update Announcement Regarding The Proposed Acquisition Of Steers Properties And Halamandaris Props
2022-10-26
Unaudited condensed consolidated interim financial results for the six months ended 31 August 2022
2022-10-11
Announcement Relating To The Proposed Acquisition Of Steers Properties And Halamandaris Props
2022-10-10
Trading Statement for the six months ended 31 August 2022
2022-08-31
Dealings in Securities by the Company Secretary
2022-08-30
Dealings in securities by an associate of a director
2022-08-22
BEE Annual Compliance Report
2022-07-22
AGM Results and Market Update
2022-07-12
Dealings in securities by an associate of a director
2022-07-07
Dealings in securities by an associate of a director
2022-07-05
Dealings by Famous Brands Share Incentive Scheme 2015
2022-07-01
Dealing in securities by a director
2022-06-23
No change statement and notice of Annual General Meeting
2022-06-21
Dealings by Famous Brands Share Incentive Scheme 2015
2022-06-14
Dealings in securities by an associate of a director
2022-06-09
Disclosure of beneficial interest in Famous Brands
2022-06-09
Dealings by Famous Brands Share Incentive Scheme 2015
2022-06-07
Dealing in securities
2022-05-31
Summarised Results for the year ended 28 February 2022
2022-05-11
Trading Statement for the year ended 28 February 2022