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Halcyon Agri Corp. Ltd.
(SGX:5VJ)
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Rating:45Neutral
Price Target:
S$0.40
â–¼(-2.44% Downside)
Action:Reiterated
Date:10/01/26
The score is primarily constrained by weak financial performance—thin/declining profitability, a sharp 2025 revenue drop, and a highly leveraged balance sheet—partly offset by improved 2025 operating and free cash flow. Technicals are neutral with price sitting on major moving averages and no momentum signal from MACD/Stochastic. Valuation remains a secondary drag because the negative P/E reflects ongoing losses and no dividend yield support is available.
Positive Factors
Improved Cash Generation
The return to positive operating and free cash flow improves the company’s ability to fund operations internally and meet obligations. If sustained, better cash conversion could support investment and gradual deleveraging, although the pack notes that historical cash generation has been inconsistent.
Negative Factors
Sharp Revenue Contraction
The sharp 2025 sales decline indicates demand, volume or pricing conditions weakened materially after the prior rebound. Lower revenue reduces the base available to absorb operating costs and makes earnings more sensitive to changes in rubber prices, customer demand and trading spreads.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Cash Generation
The return to positive operating and free cash flow improves the company’s ability to fund operations internally and meet obligations. If sustained, better cash conversion could support investment and gradual deleveraging, although the pack notes that historical cash generation has been inconsistent.
Read all positive factors
Halcyon Agri Corp. Ltd. (5VJ) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$653.95M
Dividend Yield1.79%
Average Volume (3M)0.00
Price to Earnings (P/E)―
Beta (1Y)N/A
Revenue Growth-37.91%
EPS Growth-48.95%
CountrySG
Employees15,000
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-0.03
Shares Outstanding1,595,012,000
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)2.07
Price to Sales (P/S)0.17
P/FCF Ratio6.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Halcyon Agri Corp. Ltd. Business Overview & Revenue Model
Company Description
Halcyon Agri Corporation Ltd. is an investment holding company focused on the global procurement, processing, and sale of natural rubber products. Its expansive operations reach Singapore, China, North America (USA, Canada), Europe, and other part...
How the Company Makes Money
Halcyon Agri generates revenue primarily from the sale of natural rubber and related rubber products to industrial customers. Key revenue streams typically come from (1) processing: converting sourced raw rubber into higher-value processed rubber ...
Halcyon Agri Corp. Ltd. Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
18
Very Negative
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.03B | 3.01B | 3.80B | 2.90B | 2.69B | 2.46B |
| Gross Profit | 162.43M | 108.49M | 190.93M | 146.17M | 170.81M | 162.87M |
| EBITDA | 58.42M | 8.14M | 82.61M | 13.47M | 76.82M | 75.70M |
| Net Income | -49.44M | -90.09M | -29.14M | -87.02M | -17.97M | 11.55M |
Balance Sheet | ||||||
| Total Assets | 2.04B | 1.92B | 2.09B | 1.97B | 2.02B | 2.06B |
| Cash, Cash Equivalents and Short-Term Investments | 129.37M | 58.70M | 83.65M | 48.29M | 121.07M | 33.40M |
| Total Debt | 1.25B | 1.39B | 1.26B | 1.11B | 1.14B | 1.10B |
| Total Liabilities | 1.53B | 1.66B | 1.58B | 1.40B | 1.36B | 1.34B |
| Stockholders Equity | 486.62M | 245.73M | 490.93M | 540.87M | 629.83M | 694.45M |
Cash Flow | ||||||
| Free Cash Flow | 54.86M | 74.34M | -110.22M | 5.36M | 43.31M | -61.66M |
| Operating Cash Flow | 73.02M | 82.99M | -86.81M | 28.16M | 69.63M | -33.56M |
| Investing Cash Flow | -18.81M | -7.31M | 18.22M | 16.35M | 5.35M | -18.71M |
| Financing Cash Flow | 10.02M | -103.55M | 104.53M | -115.14M | 12.16M | 41.80M |
Halcyon Agri Corp. Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | S$606.56M | 7.58 | 9.08% | 4.32% | 4.17% | -12.40% | |
70 Outperform | S$1.12B | 10.84 | 19.95% | 4.71% | 22.92% | 7.37% | |
65 Neutral | S$42.53M | -31.46 | -0.88% | 0.89% | -7.25% | 95.72% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | S$653.95M | -11.13 | -8.64% | 1.79% | -37.91% | -48.95% | |
42 Neutral | S$31.82M | -0.70 | -48.10% | 23.34% | -69.91% | -13.56% |
* General Sector Average
SG:5VJ
Halcyon Agri Corp. Ltd.
0.41
0.00
0.00%
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Halcyon Agri Corp. Ltd. Corporate Events
Halcyon Agri Revamps Board and Key Governance Committees
Jul 13, 2026
Halcyon Agri Corporation Limited has announced an immediate reconstitution of its Board of Directors, Nominating Committee and Remuneration Committee, while keeping the Audit Committee unchanged. The reshuffle introduces Eddie Chan Yean Hoe as ind...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.