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ForFarmers Valuation Multiples
Discover revenue and EBITDA valuation multiples for ForFarmers and similar public comparables like Cem Zeytin, Utz Brands, SunRice, Sligro Food Group and more.
ForFarmers Overview
About ForFarmers
ForFarmers NV is an animal nutrition company. Its core business is the supply of high-quality feed solutions at competitive prices for livestock farming. The Company provides compound feed, specialties, feed additives, and co-products, supported by formulation, nutrition, innovation, procurement, feed milling, logistics, and delivery, and on-farm advisory services. Feed solutions are offered for ruminants, pigs, poultry, and horses, with activities also including organic feed through Reudink and residual flows through Van Triest CirQlar. The Company operates across the Netherlands, Germany, the United Kingdom, Poland, Belgium, and other countries, with the majority of its revenue generated in the Netherlands.
Founded
2007
HQ

Employees
3.0K
Website
Sectors
Financials (LTM)
EV
$738M
ForFarmers Financials
ForFarmers reported last 12-month revenue of $3B and EBITDA of $170M.
In the same LTM period, ForFarmers generated $17M in gross profit, $170M in EBITDA, and $57M in net income.
Revenue (LTM)
ForFarmers P&L
In the most recent fiscal year, ForFarmers reported revenue of $4B and EBITDA of $172M.
ForFarmers expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $4B | XXX | XXX | XXX |
| Gross Profit | $17M | XXX | $720M | XXX | XXX | XXX |
| Gross Margin | 1% | XXX | 19% | XXX | XXX | XXX |
| EBITDA | $170M | XXX | $172M | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 5% | XXX | XXX | XXX |
| EBIT Margin | 4% | XXX | 3% | XXX | XXX | XXX |
| Net Profit | $57M | XXX | $59M | XXX | XXX | XXX |
| Net Margin | 2% | XXX | 2% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
ForFarmers Stock Performance
ForFarmers has current market cap of $662M, and enterprise value of $738M.
Market Cap Evolution
ForFarmers' stock price is $7.48.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $738M | $662M | 0.0% | XXX | XXX | XXX | $0.66 |
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Start Free TrialForFarmers Valuation Multiples
ForFarmers trades at 0.2x EV/Revenue multiple, and 4.3x EV/EBITDA.
EV / Revenue (LTM)
ForFarmers Financial Valuation Multiples
As of April 19, 2026, ForFarmers has market cap of $662M and EV of $738M.
Equity research analysts estimate ForFarmers' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
ForFarmers has a P/E ratio of 11.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $662M | XXX | $662M | XXX | XXX | XXX |
| EV (current) | $738M | XXX | $738M | XXX | XXX | XXX |
| EV/Revenue | 0.2x | XXX | 0.2x | XXX | XXX | XXX |
| EV/EBITDA | 4.3x | XXX | 4.3x | XXX | XXX | XXX |
| EV/EBIT | 6.9x | XXX | 6.7x | XXX | XXX | XXX |
| EV/Gross Profit | 44.5x | XXX | 1.0x | XXX | XXX | XXX |
| P/E | 11.6x | XXX | 11.3x | XXX | XXX | XXX |
| EV/FCF | 9.8x | XXX | 6.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified ForFarmers 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.


ForFarmers Margins & Growth Rates
ForFarmers' revenue in the last 12 month grew by 23%.
ForFarmers' revenue per employee in the last FY averaged $1.3M, while opex per employee averaged $0.2M for the same period.
ForFarmers' rule of 40 is 4% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
ForFarmers' rule of X is 3% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
ForFarmers Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 23% | XXX | (0%) | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | (4%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 4% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 3% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 17% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
ForFarmers Public Comps
See public comps and valuation multiples for other Food & Beverages comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| ForFarmers | XXX | XXX | XXX | XXX | XXX | XXX |
| Cem Zeytin | XXX | XXX | XXX | XXX | XXX | XXX |
| Utz Brands | XXX | XXX | XXX | XXX | XXX | XXX |
| SunRice | XXX | XXX | XXX | XXX | XXX | XXX |
| Sligro Food Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Hilton Food Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
ForFarmers M&A Activity
ForFarmers acquired XXX companies to date.
Last acquisition by ForFarmers was on XXXXXXXX, XXXXX. ForFarmers acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by ForFarmers
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialForFarmers Investment Activity
ForFarmers invested in XXX companies to date.
ForFarmers made its latest investment on XXXXXXXX, XXXXX. ForFarmers invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by ForFarmers
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout ForFarmers
| When was ForFarmers founded? | ForFarmers was founded in 2007. |
| Where is ForFarmers headquartered? | ForFarmers is headquartered in Netherlands. |
| How many employees does ForFarmers have? | As of today, ForFarmers has over 3K employees. |
| Is ForFarmers publicly listed? | Yes, ForFarmers is a public company listed on Euronext Amsterdam. |
| What is the stock symbol of ForFarmers? | ForFarmers trades under FFARM ticker. |
| When did ForFarmers go public? | ForFarmers went public in 2016. |
| Who are competitors of ForFarmers? | ForFarmers main competitors are Cem Zeytin, Utz Brands, SunRice, Sligro Food Group. |
| What is the current market cap of ForFarmers? | ForFarmers' current market cap is $662M. |
| What is the current revenue of ForFarmers? | ForFarmers' last 12 months revenue is $3B. |
| What is the current revenue growth of ForFarmers? | ForFarmers revenue growth (NTM/LTM) is 23%. |
| What is the current EV/Revenue multiple of ForFarmers? | Current revenue multiple of ForFarmers is 0.2x. |
| Is ForFarmers profitable? | Yes, ForFarmers is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of ForFarmers? | ForFarmers' last 12 months EBITDA is $170M. |
| What is ForFarmers' EBITDA margin? | ForFarmers' last 12 months EBITDA margin is 6%. |
| What is the current EV/EBITDA multiple of ForFarmers? | Current EBITDA multiple of ForFarmers is 4.3x. |
| What is the current FCF of ForFarmers? | ForFarmers' last 12 months FCF is $75M. |
| What is ForFarmers' FCF margin? | ForFarmers' last 12 months FCF margin is 2%. |
| What is the current EV/FCF multiple of ForFarmers? | Current FCF multiple of ForFarmers is 9.8x. |
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