Kencana Agri Limited (SG:BNE)
SGX:BNE
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Kencana Agri Limited
(SGX:BNE)
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Select Model
Rating:69Neutral
Price Target:
S$0.26
▼(-8.21% Downside)
Action:ReiteratedDate:01/10/26
The score is driven by strong valuation (very low P/E) and solid financial performance (growth, profitability, and cash generation). Technicals are neutral to slightly weak due to a negative MACD and lack of clear momentum, which tempers the overall rating.
Positive Factors
Free cash flow generation
Robust FCF growth (39.48%) and healthy OCF-to-net-income conversion support reinvestment, capex and deleveraging. Sustained cash generation enhances financial flexibility, funds operational improvements or sustainability investments, and provides a buffer through commodity cycles over months.
Negative Factors
Low equity ratio
A low equity ratio implies a thin capital base despite low reported debt; this reduces the equity buffer against crop losses, inventory swings or price shocks. Over the medium term, a small equity cushion can magnify downside risk and limit ability to raise capital during stress.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow generation
Robust FCF growth (39.48%) and healthy OCF-to-net-income conversion support reinvestment, capex and deleveraging. Sustained cash generation enhances financial flexibility, funds operational improvements or sustainability investments, and provides a buffer through commodity cycles over months.
Read all positive factors
Kencana Agri Limited (BNE) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$132.03M
Dividend YieldN/A
Average Volume (3M)39.94K
Price to Earnings (P/E)0.8
Beta (1Y)-0.07
Revenue Growth41.78%
EPS GrowthN/A
CountrySG
EmployeesN/A
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)0.04
Shares Outstanding287,011,170
10 Day Avg. Volume16,500
30 Day Avg. Volume39,940
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.41
Price to Sales (P/S)0.11
P/FCF Ratio1.18
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)0.09
Revenue Forecast (FY)S$207.00M
Kencana Agri Limited Business Overview & Revenue Model
Company Description
Kencana Agri Limited, together with its subsidiaries, operates as a plantation company in Indonesia, Malaysia, and internationally. The company engages in the cultivation of oil palms; and processing of fresh fruit bunches into crude palm oil (CPO...
How the Company Makes Money
Kencana Agri Limited generates revenue primarily through the sale of crude palm oil (CPO) and refined palm oil products. The company has established a robust supply chain that allows it to produce and distribute its products efficiently. Key reven...
Kencana Agri Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
60
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 245.44M | 153.73M | 136.37M | 152.54M | 128.45M | 137.74M |
| Gross Profit | 77.51M | 43.34M | 26.42M | 43.59M | 41.16M | 48.96M |
| EBITDA | 81.54M | 53.81M | 30.45M | 35.49M | 58.30M | 55.25M |
| Net Income | 27.87M | 11.94M | -283.00K | 2.62M | 16.80M | 5.31M |
Balance Sheet | ||||||
| Total Assets | 290.32M | 288.31M | 293.26M | 299.56M | 334.22M | 441.71M |
| Cash, Cash Equivalents and Short-Term Investments | 14.91M | 9.39M | 3.89M | 2.87M | 3.38M | 18.30M |
| Total Debt | 1.99M | 192.36M | 188.50M | 195.47M | 231.31M | 329.21M |
| Total Liabilities | 239.69M | 247.39M | 262.68M | 269.02M | 303.46M | 423.63M |
| Stockholders Equity | 50.63M | 40.92M | 30.58M | 30.53M | 30.77M | 18.08M |
Cash Flow | ||||||
| Free Cash Flow | 49.48M | 14.26M | 22.28M | 44.04M | 34.04M | 23.89M |
| Operating Cash Flow | 64.85M | 28.79M | 40.33M | 54.36M | 39.69M | 26.46M |
| Investing Cash Flow | -16.87M | -14.16M | -12.45M | -9.45M | -2.60M | -1.90M |
| Financing Cash Flow | -34.17M | -8.47M | -27.22M | -44.84M | -37.80M | -35.35M |
Kencana Agri Limited Technical Analysis
Positive
0.28
Price Trends
0.30
Positive
0.29
Positive
0.24
Positive
Market Momentum
0.05
Negative
75.73
Negative
85.61
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BNE, the sentiment is Positive. The current price of 0.28 is below the 20-day moving average (MA) of 0.38, below the 50-day MA of 0.30, and above the 200-day MA of 0.24, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 75.73 is Negative, neither overbought nor oversold. The STOCH value of 85.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:BNE.
Kencana Agri Limited Peers Comparison
UnderperformOutperform
Sector (62)
SG:BNE
Kencana Agri Limited
0.46
0.37
405.49%
GARPF
Golden Agri-Resources
0.21
0.02
8.81%
PEFDF
Delfi
0.75
0.18
32.92%
DE:2BU
Bumitama Agri Ltd.
1.08
0.57
110.12%
SG:5JS
Indofood Agri Resources Ltd.
0.39
0.09
27.87%
Kencana Agri Limited Corporate Events
Kencana Agri Reshapes Board and Committees With New Non-Executive Director
Dec 31, 2025
Kencana Agri Limited has announced forthcoming changes to its board, with Non-Executive Director Darwin Indigo resigning effective 1 January 2026 and Charles Loo Cheau Leong joining the board as a Non-Executive Director on the same date. Loo will ...
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.