Golden Agri-Resources Ltd (SG:E5H)
SGX:E5H
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Golden Agri-Resources
(SGX:E5H)
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Rating:63Neutral
Price Target:
S$0.34
▲(17.59% Upside)
Action:ReiteratedDate:03/10/26
The score is driven primarily by acceptable but cyclical financial performance (margin and cash-flow volatility) and neutral technical signals, partially offset by supportive valuation (low P/E and a moderate dividend yield).
Positive Factors
Vertical integration
Owning plantations, mills, refiners and trading creates durable margin capture and supply security. Vertical integration reduces raw-material procurement risk, supports internal feedstock flow and allows value-capture across cycles, improving resilience over the next 2–6 months.
Negative Factors
Margin cyclicality
Margins swing with commodity prices, yields and processing spreads, making earnings unpredictable. Persistent margin volatility limits long-term return stability, complicates capital allocation and raises the bar for consistent profitability over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Vertical integration
Owning plantations, mills, refiners and trading creates durable margin capture and supply security. Vertical integration reduces raw-material procurement risk, supports internal feedstock flow and allows value-capture across cycles, improving resilience over the next 2–6 months.
Read all positive factors
Golden Agri-Resources (E5H) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$3.87B
Dividend Yield2.87%
Average Volume (3M)8.85M
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue Growth16.06%
EPS Growth7.31%
CountrySG
Employees100,100
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)0.03
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)0.03
Revenue Forecast (FY)S$10.59B
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 makes money mainly by monetizing palm oil across multiple stages of the value chain. (1) Upstream/plantations: it generates revenue from the sale or transfer of fresh fruit bunches (FFB) and from producing crude palm oil (CPO...
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
Positive
0.29
Price Trends
0.30
Positive
0.29
Positive
0.28
Positive
Market Momentum
<0.01
Negative
56.78
Neutral
70.00
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 below the 20-day moving average (MA) of 0.30, below the 50-day MA of 0.30, and above the 200-day MA of 0.28, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.78 is Neutral, neither overbought nor oversold. The STOCH value of 70.00 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
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | S$3.76B | 10.52 | 13.70% | 6.82% | 12.24% | 15.30% | |
71 Outperform | S$5.18B | 7.00 | 15.27% | 5.19% | 56.13% | 41.05% | |
70 Outperform | S$600.24M | 5.12 | 8.01% | 2.67% | 23.98% | 6.22% | |
65 Neutral | S$23.91B | 10.43 | 4.29% | 4.55% | 2.17% | 17.64% | |
63 Neutral | S$3.87B | ― | 9.59% | 2.87% | 16.06% | 7.31% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
48 Neutral | S$3.89B | 8.14 | 6.66% | 5.26% | -47.29% | 1078.00% |
* Consumer Defensive Sector Average
SG:E5H
Golden Agri-Resources
0.31
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31.47%
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Golden Agri-Resources Corporate Events
SMART Taps Debt Market With Rp1.2 Trillion Bond and Sukuk Phase II Issuance
Jan 20, 2026
SMART is proceeding with the second tranche of its ongoing domestic debt-raising programme, launching Phase II of its Sustainable Bonds V and Phase II of its Sustainable Sukuk Ijarah I in 2026, following earlier 2025 issuances. The company will is...
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.