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Golden Agri-Resources
(SGX:E5H)
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Rating:68Neutral
Price Target:
S$0.29
â–¼(-8.13% Downside)
Action:Reiterated
Date:08/20/26
The score is supported most by attractive valuation (low P/E with a dividend yield) and constructive trend signals (price above key moving averages with positive MACD). This is balanced by only mid-range financial performance due to volatile margins/returns and inconsistent cash flow stability.
Positive Factors
Integrated agribusiness platform
Golden Agri-Resources captures value across multiple stages of the palm oil chain, from cultivation and milling to refined and specialty products. This integration can improve market access, support product diversification, and provide operational flexibility across upstream and downstream activities over the medium term.
Negative Factors
Compressed profitability
Profitability has weakened materially from the 2022 peak, showing that revenue recovery has not translated into stable margins. Persistently lower margins reduce the cushion available to absorb changes in costs or selling prices and make future earnings more dependent on favorable operating conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated agribusiness platform
Golden Agri-Resources captures value across multiple stages of the palm oil chain, from cultivation and milling to refined and specialty products. This integration can improve market access, support product diversification, and provide operational flexibility across upstream and downstream activities over the medium term.
Read all positive factors
Golden Agri-Resources (E5H) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$3.43B
Dividend Yield3.53%
Average Volume (3M)41.02M
Price to Earnings (P/E)4.4
Beta (1Y)0.41
Revenue Growth8.96%
EPS Growth-6.35%
CountrySG
Employees99,000
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)0.04
Shares Outstanding12,837,549,000
10 Day Avg. Volume31,995,149
30 Day Avg. Volume41,016,719
Financial Highlights & Ratios
PEG Ratio0.69
Price to Book (P/B)0.52
Price to Sales (P/S)0.22
P/FCF Ratio3.81
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)0.05
Revenue Forecast (FY)S$13.84B
Golden Agri-Resources Business Overview & Revenue Model
Company Description
Golden Agri-Resources Ltd. functions as a global investment holding company with fully integrated operations spanning the palm oil sector. Its reach extends across Europe, China, India, Pakistan, the Middle East, and the United States. The company...
How the Company Makes Money
Golden Agri-Resources makes money by capturing value across the palm oil supply chain, from agricultural production through downstream processing and sales.
1) Upstream plantation and milling revenue
- The company earns revenue from cultivating o...
Golden Agri-Resources Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
63
Positive
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.40B | 12.95B | 10.91B | 9.76B | 11.44B | 10.18B |
| Gross Profit | 2.05B | 1.88B | 2.06B | 1.83B | 3.00B | 2.35B |
| EBITDA | 1.12B | 1.16B | 982.77M | 843.19M | 1.84B | 1.25B |
| Net Income | 407.18M | 400.20M | 364.55M | 197.60M | 782.10M | 476.18M |
Balance Sheet | ||||||
| Total Assets | 11.44B | 10.67B | 10.69B | 9.70B | 9.90B | 9.61B |
| Cash, Cash Equivalents and Short-Term Investments | 1.14B | 1.14B | 998.42M | 1.14B | 1.15B | 666.02M |
| Total Debt | 3.51B | 3.25B | 3.71B | 3.06B | 2.98B | 3.00B |
| Total Liabilities | 5.66B | 4.94B | 5.32B | 4.53B | 4.65B | 4.72B |
| Stockholders Equity | 5.46B | 5.42B | 5.10B | 4.93B | 5.00B | 4.68B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 738.19M | -431.06M | 220.64M | 880.25M | 355.06M |
| Operating Cash Flow | 0.00 | 1.17B | -80.23M | 554.54M | 1.09B | 566.62M |
| Investing Cash Flow | 0.00 | -543.98M | -595.23M | -604.61M | -705.86M | -196.19M |
| Financing Cash Flow | 0.00 | -539.17M | 649.09M | -175.97M | -292.87M | -282.66M |
Golden Agri-Resources Technical Analysis
Negative
0.32
Price Trends
0.31
Negative
0.29
Negative
0.29
Negative
Market Momentum
-0.01
Positive
36.08
Neutral
32.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:E5H, the sentiment is Negative. The current price of 0.32 is above the 20-day moving average (MA) of 0.29, above the 50-day MA of 0.31, and above the 200-day MA of 0.29, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 36.08 is Neutral, neither overbought nor oversold. The STOCH value of 32.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:E5H.
Golden Agri-Resources Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | S$2.84B | 11.99 | 22.01% | 5.99% | 9.22% | 15.05% | |
68 Neutral | S$3.43B | 4.36 | 9.74% | 3.53% | 8.96% | -6.35% | |
68 Neutral | S$474.61M | 4.89 | 8.72% | 3.53% | 8.01% | 10.16% | |
65 Neutral | S$5.74B | 14.32 | 20.19% | 4.96% | 51.37% | 46.36% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
55 Neutral | S$3.39B | 1.32 | 28.53% | 1.11% | -39.78% | 487.99% | |
48 Neutral | S$20.29B | 11.07 | 6.47% | 4.61% | 6.32% | 16.58% |
* Consumer Defensive Sector Average
SG:E5H
Golden Agri-Resources
0.27
<0.01
1.12%
SG:EB5
First Resources (Singapore)
3.67
1.82
98.16%
SG:VC2
Olam Group
0.90
-0.04
-4.46%
SG:F34
Wilmar International
3.25
0.23
7.72%
SG:P8Z
Bumitama Agri Ltd.
1.64
0.32
24.53%
SG:5JS
Indofood Agri Resources Ltd.
0.34
-0.01
-3.95%
Golden Agri-Resources Corporate Events
Golden Agri-Resources Subsidiary Receives NEA Notice Under Haze Law
Oct 24, 2026
Golden Agri-Resources has disclosed that its wholly owned Singapore subsidiary, Golden Agri International Pte Ltd, has received a notice from Singapore’s National Environment Agency under the Transboundary Haze Pollution Act 2014. The notice...
Golden Agri-Resources Says Indonesia Fires Have No Material Impact on Operations
Oct 16, 2026
Golden Agri-Resources said recent forest and peatland fires in Indonesia and the resulting transboundary haze have not caused any material disruption to its plantations, processing facilities or other operations, nor led to unplanned shutdowns at ...
Sinar Mas Agro boosts profitability as assets and leverage rise in H1 2026
Jul 30, 2026
PT Sinar Mas Agro Resources and Technology Tbk and its subsidiaries reported a solid balance sheet expansion as total assets rose to Rp 50.4 trillion at 30 June 2026 from Rp 45.2 trillion at year-end 2025, driven by higher inventories, biological ...
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.