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Italian agricultural company that farms large land holdings to produce rice, pasta, dairy and other branded food products.
Italian agricultural company that farms large land holdings to produce rice, pasta, dairy and other branded food products.
Earns from selling crops grown on its large landholdings and from processing and selling branded foods, so harvests, weather and commodity prices drive results, with the land itself a valuable asset. The branded products aim to add margin over raw crops.
In one line: An Italian vertically integrated large-scale farming and food brand company.
Moat: narrow (scale, brand, installed base). One of Italy's largest agricultural landholders with vertical integration from farm to branded product, but exposed to weather and commodity cycles.
Headquarters: Jolanda di Savoia, Italy · Founded: 1871 · Employees: 1,363
Size B.F (BFG.MI) is an Italy Consumer Staples company (Agricultural Commodities/Milling) with a market value of $2.29B, the 60th largest of 123 Italy companies the cockpit tracks. Shares closed at €7.80 on 6 Nov 2026.
Performance Over six months the shares gained 56.3%, against -8.4% for the median peer and +3.1% for the Italy market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 29.9% over the last twelve months (peer median -0.5%); the operating margin is -1.8% (peer median 5.2%).
Valuation It trades at 84.3× forward earnings against a peer median of 15.2× (most expensive of 14).
Capital Return on invested capital runs 7.1 points below its cost of capital (5.9% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €1.96B | €1.63B | €1.41B | €1.32B | €1.06B |
| Revenue growth | — | +16% | +7% | +24% | — |
| Gross profit | €79.5M | €67.7M | €62.7M | €18.4M | €3.93M |
| EBITDA | €28.6M | €20.6M | €2.40M | €8.17M | €1.36M |
| Net income | €12.5M | €11.2M | €10.4M | €1.18M | €4.99M |
| Free cash flow | -€85.0M | -€60.3M | -€56.3M | -€52.2M | €66.2M |
| Capital expenditure | €95.2M | €74.9M | €50.1M | €39.7M | €37.8M |
| Total debt | n/a | €475M | €415M | €370M | €354M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| B.F BFG.MI | $2.29B | +56% | +30% | -2% | 84.3× | n/a |
| Danone BN.PA | $48.3B | +8% | 0% | 15% | 17.0× | -0.8% |
| Bonduelle SCA BON.PA | $294M | 0% | -1% | 4% | 6.8× | -3.4% |
| Ebro Foods EBRO.MC | $3.12B | +1% | -4% | 10% | 13.2× | -7.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BFG.MI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.4% | -2.9% | 7th highest of 21 |
| 6-month return | +56.3% | -8.4% | highest of 21 |
| Distance from 52-week high | -23.1% | -24.2% | 11th highest of 21 |
| Revenue growth (TTM) | +29.9% | -0.5% | 2nd highest of 21 |
| Operating margin | -1.8% | 5.2% | 4th lowest of 21 |
| Forward P/E | 84.3× | 15.2× | most expensive of 14 |
| ROIC minus cost of capital | -7.1 pp | -0.0 pp | 4th lowest of 21 |
| Net debt / EBITDA | 19.8× | 1.3× | most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| B.F BFG.MI | Italy | $2.29B | +56% | +30% | -2% | 84.3× | n/a | n/a |
| AWL Agri Business AWL.NS | India | $2.30B | -21% | +18% | 2% | 17.6× | 13.4% | +15.0% |
| Trulieve Cannabis TRLV | United States | $2.23B | +31% | -4% | 14% | 31.1× | 13.5% | +17.8% |
| Guangxi Yuegui Guangye 000833.SZ | China | $2.19B | -46% | +67% | 30% | 9.6× | 2.1% | -0.9% |
| Fuji Oil 2607.T | Japan | $2.46B | +36% | +10% | 5% | 15.2× | 0.9% | +16.2% |
| Lien Hwa Industrial 1229.TW | Taiwan | $2.12B | -6% | -3% | 9% | n/a | 21.5% | +7.3% |
| Curaleaf CURA.TO | Canada | $2.50B | -18% | +5% | 1% | n/a | n/a | n/a |
| Genus GNS.L | United Kingdom | $2.07B | +5% | -2% | 13% | 23.0× | 17.9% | +2.8% |
| Yunnan Shennong Agricultural Industry 605296.SS | China | $2.60B | +10% | +2% | -19% | n/a | n/a | n/a |
| Golden Agri-Resources E5H.SI | Singapore | $2.68B | -18% | +9% | 6% | 4.2× | -13.7% | +11.6% |
| Bumitama Agri P8Z.SI | Singapore | $1.87B | -25% | +9% | 25% | 9.0× | -15.2% | +12.9% |
| Beijing Dbn Technology 002385.SZ | China | $1.86B | -23% | -1% | -6% | n/a | n/a | n/a |
| BioMar Group A/S BIOMAR.CO | Denmark | $1.83B | -37% | 0% | 6% | 13.0× | -2.0% | -0.5% |
| Uie UIE.CO | Denmark | $1.81B | +5% | +12% | 37% | n/a | -13.0% | +13.1% |
| Schouw & SCHO.CO | Denmark | $2.90B | +30% | -1% | 4% | 15.1× | -3.3% | +9.9% |
| Jiangsu Lihua Animal Husbandry 300761.SZ | China | $2.94B | +2% | +7% | 3% | 29.1× | 4.0% | +16.8% |
| Yuan Longping High-Tech Agriculture 000998.SZ | China | $1.77B | -11% | -5% | 5% | 46.5× | n/a | n/a |
| Cal-Maine Foods CALM | United States | $3.02B | -15% | -43% | 1% | n/a | n/a | n/a |
| Jiangsu Provincial Agricultural Reclamation & Dev 601952.SS | China | $1.72B | -16% | -5% | 4% | 20.1× | -2.2% | +3.2% |
| Tecon Biology 002100.SZ | China | $1.72B | +6% | -8% | -5% | n/a | n/a | n/a |
| Ebro Foods EBRO.MC | Spain | $3.12B | +1% | -4% | 10% | 13.2× | -7.7% | +4.4% |