Golden Agri-Resources (E5H) AI Stock Analysis

• Market Cap: S$3.68B
• Dividend Yield: 2.87%
• Average Volume (3M): 8.85M
• Price to Earnings (P/E): 6.6
• Beta (1Y): 0.45
• Revenue Growth: 16.86%
• EPS Growth: 252.80%
• Country: SG
• Employees: 100,100
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Agricultural Farm Products
• EPS (TTM): N/A
• Shares Outstanding: 12,837,549,000
• 10 Day Avg. Volume: 8,247,140
• 30 Day Avg. Volume: 8,849,836
• PEG Ratio: 0.08
• Price to Book (P/B): 0.48
• Price to Sales (P/S): 0.23
• P/FCF Ratio: -5.71
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: S$0.50 ▲(72.41% Upside)

Golden Agri-Resources' overall stock score reflects mixed financial performance with stable balance sheet metrics but declining profitability and cash flow challenges. The technical analysis indicates bearish short-term momentum, while the valuation suggests the stock is undervalued with a reasonable dividend yield. The absence of earnings call data and corporate events limits further insights.

Positive Factors

Sustainable Practices

Golden Agri-Resources' focus on sustainability aligns with global trends towards environmentally conscious sourcing, potentially enhancing its brand value and market appeal over time.

Market Reach

Strong partnerships expand market access and distribution capabilities, supporting long-term revenue growth and competitive positioning in the global market.

Revenue Growth

Consistent revenue growth reflects successful market expansion and product demand, reinforcing the company's competitive position in the palm oil industry.

Negative Factors

Declining Profitability

Decreasing profit margins suggest challenges in maintaining cost efficiency and pricing power, potentially impacting long-term profitability.

Cash Flow Challenges

Significant cash flow management issues could constrain the company's ability to invest in growth opportunities and meet financial obligations.

Asset Allocation Shift

A shift in asset allocation may indicate strategic adjustments but could also reflect liquidity constraints, affecting operational flexibility.

Golden Agri-Resources Business Overview & Revenue Model

Company Description

Golden Agri-Resources Ltd, an investment holding company, operates as an integrated palm oil plantation company in Europe, China, India, Pakistan, the Middle east, and the United States. It operates in two segments, Plantation and Palm Oil Mills; and Palm, Laurics and Others. The company offers bulk products, such as crude palm oil, palm kernel, palm kernel oil, palm kernel meal, olein, stearin, soybean oil, and soybean meal; oleo chemicals; palm oil based bio-diesel and other renewable resources based energy; and refined products, including cooking oil, margarine, shortening, butter oil substitute, and fats. It also produces processed food products, such as instant noodles, as well as snack products and beverages. The company manages oil palm estates with a total area of 536,013 hectares in Indonesia. In addition, it offers treasury management, building management, business and management consultancy, telecommunication and multimedia, commercial and industrial real estate management, digital analytics; aerial manuring, construction, training, ship management, chartering, and technology product services. Further, the company provides IT consultancy, IT application design, development, and maintenance services; facilities for data center resources and other IT outsourced activities; and port loading, storage, packaging, and transportation service. Additionally, it engages in importing, marketing, and distributing palm oil products; cultivation of ornamental plants; wholesale trade; property investment activities; production and distribution of bottled ionised mineral water and fatty alcohol, acid, derivatives, and other chemical; shipping and logistics; vessels operation; office administration and dormant services; refinery operation; and sale of food and beverage products. The company was incorporated in 1996 and is based in Singapore.

How the Company Makes Money

Golden Agri-Resources generates revenue primarily through the cultivation and sale of crude palm oil (CPO) and palm kernel oil, which are key products derived from its extensive plantations. The company benefits from the rising global demand for palm oil in food, cosmetics, and biofuels. Additionally, it earns revenue from its downstream operations, which include refining crude palm oil into value-added products such as cooking oils, margarine, and specialty fats. Significant partnerships with distributors, manufacturers, and retailers enhance its market reach, while the company's commitment to sustainable and certified palm oil production aligns with global trends towards environmentally conscious sourcing. Fluctuations in palm oil prices in the global market can significantly impact revenue, making it a critical factor in the company’s earnings.

Golden Agri-Resources Financial Statement Overview

Summary

Golden Agri-Resources shows mixed financial performance. The balance sheet is stable with moderate leverage and improved return on equity. However, the income statement reveals declining profitability and revenue, and cash flow management is a significant concern with negative growth and conversion ratios.

Income Statement

Golden Agri-Resources has shown fluctuating revenue trends with a recent decline of 15.26% in 2024. The gross profit margin has decreased from 26.45% in 2022 to 18.81% in 2024, indicating pressure on profitability. However, the company maintains a positive net profit margin, albeit reduced from previous years. The EBIT and EBITDA margins have also seen a decline, reflecting challenges in operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has increased slightly to 0.73 in 2024, indicating moderate leverage. Return on equity has improved to 7.15% in 2024, showing better utilization of equity. The equity ratio remains stable, suggesting a balanced capital structure with a reasonable level of equity financing.

Cash Flow

Golden Agri-Resources faces significant challenges in cash flow management, with a negative free cash flow growth rate of -635.97% in 2024. The operating cash flow to net income ratio is negative, indicating difficulties in converting income into cash. However, the free cash flow to net income ratio is positive, suggesting some ability to generate cash relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	11.92B	10.91B	9.76B	11.44B	10.18B	7.08B
Gross Profit	2.00B	2.06B	1.83B	3.00B	2.35B	1.15B
EBITDA	1.06B	958.88M	822.92M	1.83B	1.25B	646.51M
Net Income	422.38M	364.55M	197.60M	782.10M	476.18M	31.75M
Balance Sheet
Total Assets	10.67B	10.69B	9.72B	9.90B	9.61B	9.13B
Cash, Cash Equivalents and Short-Term Investments	1.05B	999.83M	1.14B	1.15B	666.02M	1.10B
Total Debt	3.37B	3.71B	3.06B	2.98B	3.00B	3.15B
Total Liabilities	5.16B	5.32B	4.54B	4.65B	4.72B	4.69B
Stockholders Equity	5.22B	5.10B	4.93B	5.00B	4.68B	4.25B
Cash Flow
Free Cash Flow	58.02M	-431.06M	220.64M	880.25M	355.05M	543.11M
Operating Cash Flow	458.83M	-80.23M	554.54M	1.09B	566.62M	743.86M
Investing Cash Flow	-456.21M	-595.23M	-604.61M	-705.86M	-196.19M	-320.61M
Financing Cash Flow	24.08M	649.09M	-175.97M	-292.87M	-282.66M	-231.20M

Golden Agri-Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.29
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:E5H, the sentiment is Positive. The current price of 0.29 is above the 20-day moving average (MA) of 0.29, above the 50-day MA of 0.28, and above the 200-day MA of 0.27, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.45 is Neutral, neither overbought nor oversold. The STOCH value of 76.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:E5H.

Golden Agri-Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EB5	75 Outperform	S$3.35B	8.60	21.70%	5.19%	24.70%	62.15%
5JS	74 Outperform	S$551.38M	5.73	8.46%	2.67%	13.03%	35.10%
F34	69 Neutral	S$21.16B	13.48	5.86%	4.55%	3.92%	-25.13%
P8Z	67 Neutral	€2.50B	11.23	20.72%	6.82%	15.89%	21.52%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
E5H	62 Neutral	S$3.68B	6.58	8.32%	2.87%	16.86%	252.80%
VC2	52 Neutral	S$3.37B	9.72	3.56%	5.26%	-11.89%	50.41%

Golden Agri-Resources Corporate Events

Golden Agri-Resources Reports Decrease in Asset Value for 2025

Golden Agri-Resources, through its subsidiary PT Sinar Mas Agro Resources and Technology Tbk, has reported its consolidated financial position as of September 30, 2025, showing a total asset value of Rp 43,260,304 million, a decrease from Rp 45,333,131 million at the end of 2024. The report highlights a reduction in both current and non-current assets, with notable decreases in inventories and prepaid taxes, which may impact the company’s liquidity and operational flexibility.

The most recent analyst rating on (SG:E5H) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on Golden Agri-Resources stock, see the SG:E5H Stock Forecast page.