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Geo Energy Resources Ltd.
(SGX:RE4)
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Rating:54Neutral
Price Target:
S$0.54
▲(34.00% Upside)
Action:Reiterated
Date:08/19/26
The score is held back primarily by weakening financial performance—especially negative TTM free cash flow and low cash conversion—alongside cooled margins and slightly higher leverage versus prior peak years. Technicals provide some support with a modestly positive trend and constructive momentum. Valuation is mixed, with an elevated P/E offset by a very high dividend yield.
Positive Factors
Profitable Core Operations
Positive EBIT and net income show the mines still generate earnings after the coal cycle cooled. This provides an operating base for sustaining production and servicing obligations, although profitability is below earlier peaks.
Negative Factors
Declining Revenue and Margins
Negative TTM growth and materially lower margins indicate weaker pricing, volumes, or both. Sustained pressure would reduce earnings capacity and make the business more dependent on a recovery in coal-market conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitable Core Operations
Positive EBIT and net income show the mines still generate earnings after the coal cycle cooled. This provides an operating base for sustaining production and servicing obligations, although profitability is below earlier peaks.
Read all positive factors
Geo Energy Resources Ltd. (RE4) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$961.36M
Dividend Yield0.73%
Average Volume (3M)8.08M
Price to Earnings (P/E)31.6
Beta (1Y)0.61
Revenue Growth-10.98%
EPS Growth-40.49%
CountrySG
Employees383
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)0.01
Shares Outstanding1,781,573,600
10 Day Avg. Volume12,608,190
30 Day Avg. Volume8,084,650
Financial Highlights & Ratios
PEG Ratio-0.68
Price to Book (P/B)1.05
Price to Sales (P/S)0.81
P/FCF Ratio10.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$1.08Price Target Upside168.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.04
Revenue Forecast (FY)S$573.00M
Geo Energy Resources Ltd. Business Overview & Revenue Model
Company Description
Geo Energy Resources Limited, a Singapore-based investment holding firm established in 2008, primarily concentrates on the coal sector. Its core activities encompass the excavation, production, and merchandising of coal. The company's operations a...
How the Company Makes Money
Geo Energy Resources makes money primarily by selling thermal coal produced from its mining operations in Indonesia. Revenue is generated when the company extracts coal, processes/blends it as needed to meet customer specifications, and delivers i...
Geo Energy Resources Ltd. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
62
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 479.52M | 571.38M | 401.90M | 488.97M | 733.47M | 641.89M |
| Gross Profit | 79.85M | 87.02M | 52.64M | 79.23M | 272.06M | 261.23M |
| EBITDA | 75.24M | 103.98M | 44.51M | 113.76M | 253.99M | 257.29M |
| Net Income | 21.61M | 27.81M | 37.14M | 61.98M | 161.56M | 177.94M |
Balance Sheet | ||||||
| Total Assets | 1.37B | 1.13B | 1.02B | 937.37M | 563.03M | 525.71M |
| Cash, Cash Equivalents and Short-Term Investments | 59.08M | 105.09M | 118.07M | 170.80M | 234.08M | 190.60M |
| Total Debt | 322.55M | 263.01M | 233.87M | 250.01M | 3.42M | 3.74M |
| Total Liabilities | 697.67M | 594.61M | 477.86M | 437.76M | 154.74M | 176.60M |
| Stockholders Equity | 559.88M | 442.45M | 449.45M | 419.10M | 407.36M | 347.78M |
Cash Flow | ||||||
| Free Cash Flow | -9.82M | 42.69M | 60.00M | -54.50M | 165.95M | 266.60M |
| Operating Cash Flow | 24.33M | 83.72M | 70.72M | -45.60M | 169.89M | 272.79M |
| Investing Cash Flow | -134.35M | -127.53M | -49.12M | -187.97M | -2.25M | -4.07M |
| Financing Cash Flow | 77.83M | 32.07M | -40.23M | 137.12M | -119.65M | -130.70M |
Geo Energy Resources Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
SG:RE4
Geo Energy Resources Ltd.
0.55
0.12
29.15%
SG:5GI
Interra Resources Ltd.
0.04
0.00
0.00%
SG:5WH
Rex International Holding Ltd.
0.07
-0.11
-63.19%
SG:T13
RH Petrogas Limited
0.17
-0.01
-6.67%
SG:TPED
PTT Exploration and Production Public Co Ltd Shs Singapore Depositary Receipt Repr 1 NDVR
5.75
1.50
35.33%
SG:HPCD
PetroChina Co Ltd Shs UnSp Singapore Depositary Receipt Repr 2/1 Sh
3.21
0.80
32.97%
Geo Energy Resources Ltd. Corporate Events
Geo Energy launches share buyback as MBJ project nears completion
Jul 7, 2026
Geo Energy Resources has launched a new share buyback programme, beginning with the repurchase of 637,500 shares from the open market at an average price of S$0.519. The buyback, authorised by shareholders and conducted under SGX rules, is part of...
Geo Energy says Indonesian export reforms ease disruption fears as MBJ project advances
Jun 22, 2026
Geo Energy Resources reported that recent clarifications from Indonesian authorities on plans to centralise commodity export oversight under sovereign wealth fund Danantara Indonesia indicate the fund will act only as a monitoring and compliance i...
Geo Energy says operations normal amid Indonesia’s plan to centralise commodity exports
May 25, 2026
Geo Energy Resources Ltd., a Singapore-listed coal producer with operations in Indonesia, continues to advance its integrated mining and logistics platform. The company is progressing on its MBJ Integrated Infrastructure project, having completed ...
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.