First Resources (Singapore) (EB5) AI Stock Analysis

• Market Cap: $2.27B
• Dividend Yield: 4.97%
• Average Volume (3M): 2.41M
• Price to Earnings (P/E): 6.9
• Beta (1Y): 0.59
• Revenue Growth: 5.27%
• EPS Growth: 69.50%
• Country: SG
• Employees: 8,066
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Agricultural Farm Products
• EPS (TTM): 0.21
• Shares Outstanding: 1,584,073,000
• 10 Day Avg. Volume: 1,578,700
• 30 Day Avg. Volume: 2,411,766
• PEG Ratio: 0.10
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.15
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 5.86
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $1.87
• Price Target Upside: 30.11% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

First Resources scores well due to strong financial performance and attractive valuation metrics, which are the most significant factors driving its overall score. While technical analysis shows some bearish signs, the stock's valuation and financial stability provide a solid foundation. The lack of recent earnings call or corporate events data reduces potential volatility in the stock's evaluation.

Positive Factors

Dividends

FR declared a full-year DPS of S$0.098, reflecting higher profitability and maintaining a 50% payout ratio.

Earnings

First Resources reported FY24 core net profit of US$229m, which exceeded street expectations, driven by higher ASPs and continued production growth.

Productivity

FR's strong productivity and cost management will sustain its positive earnings momentum.

Negative Factors

Earnings Risk

There is a risk that lower than expected palm oil prices could lead to earnings falling short of estimates.

Palm Oil Prices

Lower than expected palm oil price could result in earnings missing estimates.

First Resources (Singapore) Business Overview & Revenue Model

Company Description

First Resources Limited, headquartered in Singapore, is a prominent player in the palm oil industry. The company is engaged in the cultivation of oil palms, harvesting of fresh fruit bunches, and production of crude palm oil and palm kernel. First Resources operates across the entire value chain of the palm oil industry, from plantation management to processing and marketing of palm oil and palm-related products. Its core products include crude palm oil, palm kernel, and related refined products, which are distributed to international markets.

How the Company Makes Money

First Resources generates revenue primarily through the sale of its palm oil products, including crude palm oil, palm kernel, and refined palm products. The company's extensive plantations in Indonesia allow for significant production capabilities, contributing to its revenue streams. Additionally, First Resources benefits from vertical integration, which enables it to control costs and maintain quality across the supply chain. The company also engages in strategic partnerships and contracts with major players in the food and consumer goods industries, further enhancing its market reach and profitability. Price fluctuations in global palm oil markets, as well as demand from key importers such as India and China, significantly impact the company's earnings.

First Resources (Singapore) Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.04B	980.59M	1.23B	1.03B	660.42M
	Gross Profit
445.70M	361.90M	629.32M	461.57M	292.40M
	EBIT
337.01M	198.06M	417.88M	244.99M	190.01M
	EBITDA
428.44M	278.50M	516.90M	330.04M	240.36M
	Net Income Common Stockholders
245.79M	145.40M	325.20M	161.11M	99.67M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
105.53M	110.97M	433.79M	381.46M	191.04M
	Total Assets
1.95B	1.77B	1.83B	1.87B	1.79B
	Total Debt
270.13M	237.73M	295.72M	406.74M	441.64M
	Net Debt
164.59M	126.75M	-138.07M	25.27M	250.60M
	Total Liabilities
464.30M	373.06M	433.81M	602.50M	659.77M
	Stockholders Equity
1.38B	1.30B	1.31B	1.20B	1.06B
Cash Flow		Free Cash Flow
57.87M	-35.96M	247.78M	240.73M	121.51M
	Operating Cash Flow
311.24M	315.37M	326.16M	292.19M	192.39M
	Investing Cash Flow
-244.49M	-351.92M	-51.98M	-1.33M	-37.14M
	Financing Cash Flow
-70.16M	-286.73M	-217.46M	-100.15M	-23.27M

First Resources (Singapore) Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.44
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:EB5, the sentiment is Negative. The current price of 1.44 is above the 20-day moving average (MA) of 1.44, below the 50-day MA of 1.50, and above the 200-day MA of 1.42, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 44.88 is Neutral, neither overbought nor oversold. The STOCH value of 10.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:EB5.

First Resources (Singapore) Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
U96	70 Outperform	$11.71B	11.50	20.60%	4.38%	-8.88%	8.31%
EB5	67 Neutral	$2.27B	6.86	18.32%	4.97%	5.27%	69.50%
C09	66 Neutral	$4.43B	22.98	2.21%	1.57%	-33.84%	-36.71%
F34	62 Neutral	$19.23B	12.26	5.84%	5.21%	-0.24%	-23.64%
Z74	59 Neutral	$63.87B	―	-0.40%	4.16%	-2.10%	-103.46%
Sector *	49 Neutral	$1.96B	-1.23	-21.20%	3.72%	0.95%	-28.96%