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FirstFarms Valuation Multiples

Discover revenue and EBITDA valuation multiples for FirstFarms and similar public comparables like Brazil Potash, Arctic Fish Holding, Austral Group, Nordic Halibut and more.

FirstFarms Overview

About FirstFarms

FirstFarms AS is an agricultural company. Its business activity consists of four operational branches, which are crop production, milk production, pig production and development of the land portfolio. Geographically, the group's segments are Romania, Slovakia, Hungary and the Czech Republic, of which key revenue is derived from Slovakia. The company's turnover primary concerns Cows and claves, pigs, crops, and others. The company generates the majority of its turnover from Slovakian Activities.


Founded

2004

HQ

Denmark

Employees

400

Financials (FY)

Revenue: $64M
EBITDA: $12M

EV

$230M

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FirstFarms Financials

FirstFarms reported last fiscal year revenue of $64M and EBITDA of $12M.

In the same fiscal year, FirstFarms generated $16M in gross profit, $12M in EBITDA, and had net loss of ($3M).


FirstFarms P&L

In the most recent fiscal year, FirstFarms reported revenue of $64M and EBITDA of $12M.

FirstFarms is unprofitable as of last fiscal year, with gross margin of 25%, EBITDA margin of 19%, and net margin of (5%).

See analyst estimates for FirstFarms
Last FY202320242025202620272028
Revenue$64M$72M$71M$64M
Gross Profit$16M$20M$22M$16M
Gross Margin25%27%31%25%
EBITDA$12M$18M$18M$12M
EBITDA Margin19%25%25%19%
EBIT Margin2%9%9%2%
Net Profit($3M)$4M$3M($3M)
Net Margin(5%)6%4%(5%)
Net Debt$95M---

Financial data powered by Morningstar, Inc.

FirstFarms Stock Performance

FirstFarms has current market cap of $135M, and enterprise value of $230M.

Market Cap Evolution


FirstFarms' stock price is $11.00.

FirstFarms share price decreased by 2.1% in the last 30 days, and by 4.5% in the last year.

FirstFarms has an EPS (earnings per share) of $-0.26.

See more trading valuation data for FirstFarms
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$230M$135M0.4%-2.1%0.3%-4.5%$-0.26

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FirstFarms Valuation Multiples

FirstFarms trades at 3.6x EV/Revenue multiple, and 18.6x EV/EBITDA.

See NTM and 2027E valuation multiples for FirstFarms

FirstFarms Financial Valuation Multiples

As of June 13, 2026, FirstFarms has market cap of $135M and EV of $230M.

FirstFarms has a P/E ratio of (42.1x).

Last FY202320242025202620272028
EV/Revenue3.6x3.2x3.2x3.6x
EV/EBITDA18.6x12.9x13.1x18.6x
EV/EBIT148.3x36.8x38.0x148.3x
EV/Gross Profit14.3x11.7x10.5x14.3x
P/E(42.1x)33.3x53.1x(42.1x)
EV/FCF(11.1x)(19.5x)(31.2x)(11.1x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified FirstFarms Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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FirstFarms Margins & Growth Rates

In the most recent fiscal year, FirstFarms reported gross margin of 25%, EBITDA margin of 19%, and net margin of (5%).

See estimated margins and future growth rates for FirstFarms

FirstFarms Margins

Last FY20242025202720282029
Gross Margin25%31%25%
EBITDA Margin19%25%19%
EBIT Margin2%9%2%
Net Margin(5%)4%(5%)
FCF Margin(32%)(10%)(32%)

FirstFarms Growth Rates

23/2424/2526/2727/2828/29
Revenue Growth(2%)(9%)
Gross Profit Growth11%(27%)
EBITDA Growth(1%)(29%)
EBIT Growth(3%)(74%)
Net Profit Growth(37%)(226%)
FCF Growth(37%)181%

Data powered by FactSet, Inc. and Morningstar, Inc.

FirstFarms Operational KPIs

FirstFarms' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.

Access forward-looking KPIs for FirstFarms
Last FY202320242025202620272028
Revenue per Employee$0.2M---
Opex per Employee$0.0M---
Opex to Revenue22%19%22%22%

Data powered by FactSet, Inc. and Morningstar, Inc.

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FirstFarms Competitors

FirstFarms competitors include Brazil Potash, Arctic Fish Holding, Austral Group, Nordic Halibut, Seeka, Agrokasa, Terra Santa, Paramonga, Soquimich Comercial and Insumos Agroquímicos.

Most FirstFarms public comparables operate across Agriculture.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Brazil Potash--(3.6x)(4.2x)
Arctic Fish Holding2.8x2.5x(89.1x)36.0x
Austral Group0.4x-1.8x-
Nordic Halibut9.8x7.1x30.7x207.7x
Seeka1.0x-5.6x-
Agrokasa----
Terra Santa8.6x-354.7x-
Paramonga1.3x-6.2x-

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About FirstFarms

When was FirstFarms founded?FirstFarms was founded in 2004.
Where is FirstFarms headquartered?FirstFarms is headquartered in Denmark.
How many employees does FirstFarms have?As of today, FirstFarms has over 400 employees.
Is FirstFarms publicly listed?Yes, FirstFarms is a public company listed on Nasdaq Copenhagen.
What is the stock symbol of FirstFarms?FirstFarms trades under FFARMS ticker.
When did FirstFarms go public?FirstFarms went public in 2006.
Who are competitors of FirstFarms?FirstFarms main competitors include Brazil Potash, Arctic Fish Holding, Austral Group, Nordic Halibut, Seeka, Agrokasa, Terra Santa, Paramonga, Soquimich Comercial, Insumos Agroquímicos.
What is the current market cap of FirstFarms?FirstFarms' current market cap is $135M.
What is the current revenue of FirstFarms?FirstFarms' last fiscal year revenue is $64M.
What is the current EV/Revenue multiple of FirstFarms?Current revenue multiple of FirstFarms is 3.6x.
Is FirstFarms profitable?No, FirstFarms is not profitable.
How many companies FirstFarms has acquired to date?FirstFarms hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies FirstFarms has invested to date?FirstFarms hasn't invested in any companies yet (or none have been disclosed publicly).

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