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Golden Agri-Resources (SG:E5H)
:E5H

Golden Agri-Resources (E5H) AI Stock Analysis

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Golden Agri-Resources

(OTC:E5H)

Rating:70Neutral
Price Target:
S$0.50
▲(100.00%Upside)
The overall stock score reflects solid financial performance with notable revenue growth and operational stability, albeit with constraints in profitability and cash flow management. The stock is attractively valued with a low P/E ratio and a good dividend yield. Technical indicators suggest a neutral trend.

Golden Agri-Resources (E5H) vs. iShares MSCI Singapore ETF (EWS)

Golden Agri-Resources Business Overview & Revenue Model

Company DescriptionGolden Agri-Resources (E5H) is one of the world's leading agribusiness companies, primarily focused on palm oil plantation and production. The company operates across the entire palm oil supply chain, from cultivating and harvesting palm oil trees to processing and refining palm oil products. Its core products include crude palm oil, palm kernel oil, and refined products used in food, personal care, and biofuel industries. The company is headquartered in Singapore and manages extensive plantations in Indonesia, ensuring a significant presence in the global agribusiness sector.
How the Company Makes MoneyGolden Agri-Resources makes money through its vertically integrated business model that spans the full palm oil value chain. The company's primary revenue streams include the sale of crude palm oil and palm kernel oil, which are processed in its refineries. These products are further refined to produce cooking oils, margarines, specialty fats, and oleochemicals for use in various industries such as food, personal care, and biofuels. Additionally, the company benefits from its extensive distribution network and strategic partnerships, which enhance its market reach and efficiency. Revenue is also generated from its downstream business activities, including trading and merchandising of palm oil products, contributing to its diversified income sources.

Golden Agri-Resources Financial Statement Overview

Summary
Golden Agri-Resources demonstrates robust revenue growth and operational stability. However, profitability margins remain constrained, and cash flow challenges highlight areas for improvement in liquidity and cash management. The company exhibits a balanced capital structure, but the high debt levels require careful monitoring to mitigate financial risk.
Income Statement
75
Positive
Golden Agri-Resources showed solid revenue growth, with a notable increase from $9.76 billion in 2023 to $10.91 billion in 2024, marking a growth rate of approximately 11%. The company's gross profit margin improved slightly to 18.8%, while the net profit margin increased to 3.34%. EBIT and EBITDA margins indicate stable operational efficiency, but the net profit margin remains relatively low, highlighting limited profitability.
Balance Sheet
70
Positive
The balance sheet reflects a stable equity base with an equity ratio of 47.7%, indicating a balanced capital structure. The debt-to-equity ratio stands at 0.73, which is reasonable for the industry. However, the return on equity (ROE) is 7.15%, suggesting moderate efficiency in generating returns from equity investments. The company maintains a consistent asset base, but the relatively high total debt could pose potential risk if not managed properly.
Cash Flow
60
Neutral
The cash flow statement indicates challenges, with a negative operating cash flow in 2024. Free cash flow was also negative, signaling potential liquidity issues. The operating cash flow to net income ratio is negative, aligning with the negative operating cash flow, while the free cash flow to net income ratio reveals inefficiencies in converting income to cash flow, posing concerns over cash management and sustainability of operations.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue12.56B10.91B9.76B11.44B10.18B7.08B
Gross Profit2.40B2.05B1.85B3.03B2.35B1.15B
EBITDA1.21B1.16B972.37M1.82B1.25B646.51M
Net Income222.40M364.55M197.60M782.10M476.18M31.75M
Balance Sheet
Total Assets9.93B10.69B9.72B9.90B9.61B9.13B
Cash, Cash Equivalents and Short-Term Investments1.01B999.83M1.14B1.15B666.02M1.10B
Total Debt3.19B3.71B3.06B2.98B3.00B3.15B
Total Liabilities4.72B5.32B4.54B4.65B4.72B4.69B
Stockholders Equity4.94B5.10B4.93B5.00B4.68B4.25B
Cash Flow
Free Cash Flow76.58M-410.47M238.22M885.48M357.68M543.11M
Operating Cash Flow396.05M-80.91M554.54M1.09B564.79M743.86M
Investing Cash Flow-571.20M-626.21M-604.61M-705.86M-196.19M-320.61M
Financing Cash Flow44.73M680.07M-175.97M-292.87M-282.66M-231.20M

Golden Agri-Resources Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.25
Price Trends
50DMA
0.25
Positive
100DMA
0.24
Positive
200DMA
0.25
Negative
Market Momentum
MACD
<0.01
Positive
RSI
49.79
Neutral
STOCH
22.22
Neutral
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 0.25 is below the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.25, and below the 200-day MA of 0.25, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.79 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, 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

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
SGP8Z
79
Outperform
€1.33B6.8816.33%8.68%3.60%-10.76%
SG5JS
73
Outperform
S$446.69M4.737.94%4.02%-4.59%74.87%
SGF34
71
Outperform
S$18.10B11.585.84%8.28%-0.24%-23.64%
SGEB5
71
Outperform
S$2.33B7.0518.32%8.46%5.27%69.50%
SGE5H
70
Neutral
S$3.17B6.517.27%4.11%11.22%84.13%
68
Neutral
S$3.39B16.86-11.82%5.93%5.14%-8.01%
SGVC2
62
Neutral
$3.71B68.531.32%12.24%16.34%-83.55%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SG:E5H
Golden Agri-Resources
0.25
-0.01
-4.21%
SG:5JS
Indofood Agri Resources Ltd.
0.32
0.04
14.29%
SG:VC2
Olam Group
1.02
-0.05
-4.32%
SG:EB5
First Resources (Singapore)
1.50
0.20
15.30%
SG:F34
Wilmar International
2.93
-0.03
-1.08%
SG:P8Z
Bumitama Agri Ltd.
0.76
0.12
18.38%

Golden Agri-Resources Corporate Events

Golden Agri-Resources Launches Major Bond and Sukuk Issuance
Jun 26, 2025

Golden Agri-Resources has announced a significant financial move with the issuance of ‘Obligasi Berkelanjutan V SMART’ and ‘Sukuk Ijarah Berkelanjutan I SMART’ to raise a total of IDR 5 trillion. This issuance aims to refinance existing debts and optimize financial operations. The bonds and sukuk, both rated AA- by PEFINDO, are not backed by specific collateral but are secured by the company’s total assets, reflecting its strong financial flexibility and stable demand in the palm oil market. The initiative is expected to strengthen the company’s financial position and support its operational growth, despite challenges such as climate change and commodity price fluctuations.

Golden Agri-Resources Concludes Annual Shareholders Meeting with Key Resolutions
Jun 17, 2025

Golden Agri-Resources held its Annual General Meeting of Shareholders on June 16, 2025, both physically and electronically. Key decisions included approval of the 2024 financial reports, appointment of new board members for 2025-2030, and authorization for the board to manage significant company assets.

Golden Agri-Resources Ltd Conducts 2025 Annual Meeting
May 23, 2025

Golden Agri-Resources Ltd held its Annual Meeting on April 25, 2025, at the Orchard Hotel Singapore, where the board members and auditors were introduced, and the meeting was chaired by Mr. Franky Oesman Widjaja. The meeting commenced with a quorum, indicating active shareholder participation, which underscores the company’s commitment to transparency and stakeholder engagement.

Golden Agri-Resources Reports Asset Growth in Q1 2025
Apr 30, 2025

Golden Agri-Resources, through its subsidiary PT Sinar Mas Agro Resources and Technology Tbk, has reported its consolidated financial position as of March 31, 2025, showing a total asset increase to 46,269,755 million Rupiah from 45,333,131 million Rupiah at the end of 2024. The company has seen growth in both current and non-current assets, with notable increases in inventories and fixed assets, indicating a robust operational expansion and potential for enhanced market positioning.

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.Date of analysis: Jul 03, 2025