Fonterra Co-operative Group (NZSE:FCG) EV-to-FCF: 8.71 (As of Jul. 06, 2026) — 18% Below Median


NZSE:FCG Fonterra Co-operative Group Ltd NZSE:FCG
65 GF Score
Price NZ$4.24
GF Value NZ$2.96
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Fonterra Co-operative Group EV-to-FCF?

Fonterra Co-operative Group NZSE:FCG +0.71% 65 EV-to-FCF is 8.71 as of Jul. 06, 2026, which is 18% below its 10-year median of 10.58. GuruFocus rates NZSE:FCG with a GF Score™ of 65/100 and a GF Value™ of NZ$2.96 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,187 Consumer Packaged Goods companies, Fonterra Co-operative Group ranks better than 73.8% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Fonterra Co-operative Group's Enterprise Value is NZ$15,417 Mil. Fonterra Co-operative Group's Free Cash Flow for the trailing twelve months (TTM) ended in Jan. 2026 was NZ$1,770 Mil. Therefore, Fonterra Co-operative Group's EV-to-FCF for today is 8.71.

The historical rank and industry rank for Fonterra Co-operative Group's EV-to-FCF or its related term are showing as below:

NZSE:FCG' s EV-to-FCF Range Over the Past 10 Years
Min: -22.17   Med: 10.58   Max: 33.82
Current: 8.71

During the past 13 years, the highest EV-to-FCF of Fonterra Co-operative Group was 33.82. The lowest was -22.17. And the median was 10.58.

NZSE:FCG's EV-to-FCF is ranked better than
73.8% of 1187 companies
in the Consumer Packaged Goods industry
Industry Median: 15.75 vs NZSE:FCG: 8.71

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-07-06), Fonterra Co-operative Group's stock price is NZ$4.24. Fonterra Co-operative Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jan. 2026 was NZ$0.440. Therefore, Fonterra Co-operative Group's PE Ratio (TTM) for today is 9.64.


Fonterra Co-operative Group  (NZSE:FCG) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Fonterra Co-operative Group's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=4.24/0.440
=9.64

Fonterra Co-operative Group's share price for today is NZ$4.24.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Fonterra Co-operative Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jan. 2026 was NZ$0.440.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Fonterra Co-operative Group EV-to-FCF Related Terms


Fonterra Co-operative Group EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Fonterra Co-operative Group's EV-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fonterra Co-operative Group EV-to-FCF Chart

Fonterra Co-operative Group Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.51 -14.29 2.61 4.65 8.43

Fonterra Co-operative Group Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 4.65 0.00 8.43 0.00

NZSE:FCG vs KHC, GIS, HRL: EV-to-FCF Comparison

For the Packaged Foods subindustry, Fonterra Co-operative Group's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fonterra Co-operative Group EV-to-FCF vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fonterra Co-operative Group's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Fonterra Co-operative Group's EV-to-FCF falls into.


NZSE:FCG
65GF Score
Fonterra Co-operative Group Ltd NZSE:FCG
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fonterra Co-operative Group EV-to-FCF Calculation

Fonterra Co-operative Group's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=15417.463/1770
=8.71

Fonterra Co-operative Group's current Enterprise Value is NZ$15,417 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Fonterra Co-operative Group's Free Cash Flow for the trailing twelve months (TTM) ended in Jan. 2026 was NZ$1,770 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 8.71 mean?
Fonterra Co-operative Group (NZSE:FCG) has a EV-to-FCF of 8.71 as of Jul. 06, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Fonterra Co-operative Group and its competitors. This is 18% below median its historical median of 10.58. According to the industry distribution chart, Fonterra Co-operative Group ranks #311 out of 1187 companies in the Consumer Packaged Goods industry, placing it in the top 26.2%.
Is Fonterra Co-operative Group's EV-to-FCF too high?
Fonterra Co-operative Group's current EV-to-FCF of 8.71 is 18% below median its 10-year median of 10.58. The Consumer Packaged Goods industry median EV-to-FCF is 15.75. Fonterra Co-operative Group's value of 8.71 is 44.7% below this industry median. Based on the distribution chart, Fonterra Co-operative Group ranks #311 out of 1187 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Fonterra Co-operative Group has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fonterra Co-operative Group's EV-to-FCF compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Fonterra Co-operative Group ranks #311 out of 1187 companies for EV-to-FCF. This puts Fonterra Co-operative Group in the upper half of its industry. The industry median EV-to-FCF is 15.75. Fonterra Co-operative Group's value of 8.71 is 44.7% below this benchmark. While the company's 10-year median is 10.58 vs. the industry median of 15.75, Fonterra Co-operative Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Consumer Packaged Goods company?
The median EV-to-FCF among Consumer Packaged Goods companies is 15.75, based on 1,187 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fonterra Co-operative Group's current EV-to-FCF of 8.71 is 44.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Fonterra Co-operative Group and its competitors. For the Consumer Packaged Goods industry, the median EV-to-FCF is 15.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fonterra Co-operative Group's current EV-to-FCF is 8.71, which is 18% below median its own 10-year median of 10.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fonterra Co-operative Group stock overvalued right now?
Based on GuruFocus' analysis, Fonterra Co-operative Group (NZSE:FCG) is currently considered Significantly Overvalued. The stock's GF Value™ is NZ$2.96, compared to a current price of NZ$4.24 — trading 43.2% above its estimated fair value. The current EV-to-FCF is 8.71, which is 18% below median its 10-year median of 10.58 and 44.7% below the Consumer Packaged Goods industry median of 15.75. Fonterra Co-operative Group's overall GF Score™ is 65/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Fonterra Co-operative Group (NZSE:FCG), the current EV-to-FCF is 8.71 as of Jul. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Fonterra Co-operative Group (NZSE:FCG) Overvalued in 2026?

Based on GuruFocus' analysis, Fonterra Co-operative Group stock appears to be overvalued. The current stock price of NZ$4.24 is trading 43.2% above its estimated GF Value™ of NZ$2.96. GuruFocus considers Fonterra Co-operative Group to be Significantly Overvalued.

Key valuation signals for NZSE:FCG:

  • EV-to-FCF: 8.71 (18% below median its 10-year median of 10.58)
  • GF Value™: NZ$2.96 vs. price of NZ$4.24 (43.2% above fair value)
  • GF Score™: 65/100 with 3 warning signs
  • Industry Position: 44.7% below the Consumer Packaged Goods median (#311 of 1187)

No single metric tells the full story. See the NZSE:FCG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fonterra Co-operative Group Business Description

Address 109 Fanshawe Street, Auckland Central, Auckland, NTL, NZL, 1010
Fonterra Co-operative Group Ltd operates predominantly in the international dairy industry. The company is involved in the collection, manufacture, and sale of milk and milk-derived products through its ingredients, Consumer and Foodservice channels. The company's reportable segments are Global Markets, Greater China, and Core Operations and the majority of the revenue is generated from its core operations segment. Its primary geographic markets is Asia, China, Australia, New Zealand, the United States, and the Rest of the world.
65GF Score

Get the complete analysis for NZSE:FCG

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NZ$4.24
Price
NZ$2.96
GF Value