Golden Agri-Resources Ltd (SG:E5H)
SGX:E5H
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Golden Agri-Resources
(SGX:E5H)
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Rating:56Neutral
Price Target:
S$0.29
▼(-0.69% Downside)
Action:Reiterated
Date:05/20/26
The score is driven mainly by middling financial performance: revenue recovery and manageable leverage are offset by cyclical/volatile margins and uneven cash flow. Technicals are a notable headwind with the stock trading below key moving averages and weak momentum signals, while valuation support comes primarily from the dividend yield since the provided P/E is not usable.
Positive Factors
Integrated value chain
Operating across upstream plantations, milling, refining and distribution gives durable margin capture and operational flexibility. Owning multiple processing stages reduces reliance on third parties, supports product mix optimization and secures feedstock access through cycles, strengthening long-term competitiveness.
Negative Factors
Cyclical and compressed margins
Profitability remains highly sensitive to volatile commodity prices and spreads, producing swings in gross and net margins. This structural margin cyclicality limits predictability of earnings and free cash flow, making long-term return profiles conditional on commodity cycles rather than stable operational improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated value chain
Operating across upstream plantations, milling, refining and distribution gives durable margin capture and operational flexibility. Owning multiple processing stages reduces reliance on third parties, supports product mix optimization and secures feedstock access through cycles, strengthening long-term competitiveness.
Read all positive factors
Golden Agri-Resources (E5H) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$3.49B
Dividend Yield2.87%
Average Volume (3M)8.85M
Price to Earnings (P/E)―
Beta (1Y)0.42
Revenue Growth16.06%
EPS Growth7.31%
CountrySG
Employees100,100
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)0.02
Shares Outstanding12,837,549,000
10 Day Avg. Volume8,247,140
30 Day Avg. Volume8,849,836
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)0.04
Revenue Forecast (FY)S$10.46B
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; ...
How the Company Makes Money
Golden Agri-Resources primarily makes money by selling palm-based products produced across an integrated supply chain. Key revenue streams include: (1) Upstream plantation and milling: cultivation of oil palm and processing of fresh fruit bunches ...
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 | 11.92B | 12.95B | 10.91B | 9.76B | 11.44B | 10.18B |
| Gross Profit | 2.00B | 1.90B | 2.06B | 1.83B | 3.00B | 2.35B |
| EBITDA | 1.06B | 1.26B | 958.88M | 822.92M | 1.83B | 1.25B |
| Net Income | 422.38M | 400.20M | 364.55M | 197.60M | 782.10M | 476.18M |
Balance Sheet | ||||||
| Total Assets | 10.67B | 10.67B | 10.69B | 9.72B | 9.90B | 9.61B |
| Cash, Cash Equivalents and Short-Term Investments | 1.05B | 1.14B | 999.83M | 1.14B | 1.15B | 666.02M |
| Total Debt | 3.37B | 3.25B | 3.71B | 3.06B | 2.98B | 3.00B |
| Total Liabilities | 5.16B | 4.94B | 5.32B | 4.54B | 4.65B | 4.72B |
| Stockholders Equity | 5.22B | 5.42B | 5.10B | 4.93B | 5.00B | 4.68B |
Cash Flow | ||||||
| Free Cash Flow | 58.02M | 738.19M | -431.06M | 220.64M | 880.25M | 355.05M |
| Operating Cash Flow | 458.83M | 1.17B | -80.23M | 554.54M | 1.09B | 566.62M |
| Investing Cash Flow | -456.21M | -543.98M | -595.23M | -604.61M | -705.86M | -196.19M |
| Financing Cash Flow | 24.08M | -539.17M | 649.09M | -175.97M | -292.87M | -282.66M |
Golden Agri-Resources Technical Analysis
Negative
0.29
Price Trends
0.30
Negative
0.29
Negative
0.28
Negative
Market Momentum
<0.01
Positive
31.97
Neutral
6.98
Positive
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 0.29 is below the 20-day moving average (MA) of 0.31, below the 50-day MA of 0.30, and above the 200-day MA of 0.28, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 31.97 is Neutral, neither overbought nor oversold. The STOCH value of 6.98 is Positive, 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | S$3.00B | ― | 13.70% | 6.82% | 12.24% | 15.30% | |
70 Outperform | S$565.34M | 5.12 | 5.15% | 2.67% | 23.98% | 6.22% | |
65 Neutral | S$23.29B | ― | 4.29% | 4.55% | 2.17% | 17.64% | |
64 Neutral | S$4.74B | ― | 15.27% | 5.19% | 56.13% | 41.05% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
56 Neutral | S$3.49B | ― | 9.59% | 2.87% | 16.06% | 7.31% | |
56 Neutral | S$4.50B | 7.50 | 6.66% | 5.26% | -47.29% | 1078.00% |
* Consumer Defensive Sector Average
SG:E5H
Golden Agri-Resources
0.28
0.04
15.55%
SG:EB5
First Resources (Singapore)
3.03
1.66
120.52%
SG:VC2
Olam Group
1.19
0.29
31.93%
SG:F34
Wilmar International
3.73
0.75
25.25%
SG:P8Z
Bumitama Agri Ltd.
1.73
1.04
151.45%
SG:5JS
Indofood Agri Resources Ltd.
0.41
0.10
34.55%
Golden Agri-Resources Corporate Events
Golden Agri-Resources expands RSPO-certified palm oil footprint in latest ACOP filing
May 8, 2026
Golden Agri-Resources reports managing 414,601 hectares of planted and infrastructure land for oil palm, plus 116,754 hectares under scheme smallholders, and has set aside 62,730 hectares as high conservation value areas. The group runs 48 mills a...
SMART Boosts Q1 Profit as Balance Sheet Strengthens Despite Lower Sales
Apr 30, 2026
SMART reported consolidated assets of Rp 45.89 trillion as of March 31, 2026, slightly up from Rp 45.20 trillion at year-end 2025, as higher non-current assets offset stable current assets. Equity attributable to the parent rose to Rp 23.27 trilli...
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.