Great Eastern Holdings Limited (G07) AI Stock Analysis

• Market Cap: S$8.02B
• Dividend Yield: 3.1%
• Average Volume (3M): 26.09K
• Price to Earnings (P/E): 12.7
• Beta (1Y): 0.02
• Revenue Growth: -0.39%
• EPS Growth: 8.38%
• Country: SG
• Employees: 5,250
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Life
• EPS (TTM): 0.63
• Shares Outstanding: 503,030,120
• 10 Day Avg. Volume: 26,770
• 30 Day Avg. Volume: 26,086
• PEG Ratio: 0.61
• Price to Book (P/B): 1.51
• Price to Sales (P/S): 0.98
• P/FCF Ratio: 5.36
• 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: 74 Outperform
• Price Target: S$18.00 ▲(21.54% Upside)
• Action: Reiterated Date: 02/25/26
• Date: Action: Reiterated 02/25/26

The score is driven mainly by strong financial resilience (low leverage and improving ROE), partially offset by volatility in revenue/margins and historically choppy cash flow. Technicals remain supportive with an established uptrend, though momentum indicators are overbought, and valuation is reasonable with a moderate P/E and ~3% dividend yield.

Positive Factors

Balance-sheet strength

Very low leverage and rising ROE indicate durable capital strength and better capital productivity. This supports solvency, regulatory capital buffers and capacity to write new business or absorb losses without immediate capital raises, strengthening long-term resilience.

Diversified insurance franchise

A broad product mix and multi-channel distribution reduce reliance on any single line or channel. This structural diversification supports steady new business flows, cross-sell opportunities and resilience to localized demand or channel disruptions over the medium term.

Underlying growth momentum

Positive topline and EPS growth rates reflect the group's ability to expand business and improve profitability over time. Sustained growth supports scale benefits, spreads fixed costs and can enhance reserve coverage and future earnings durability if maintained.

Negative Factors

Volatile cash generation

Material swings in operating and free cash flow reduce predictability of internal funding for dividends, buybacks or new product investment. Prior negative cash years weaken short-term liquidity cushions and raise reliance on capital management or external funding when underwriting or claims stress occurs.

Revenue and margin volatility

Sharp swings in top-line and meaningful margin compression indicate earnings sensitivity to product mix, claims and pricing. Persistent volatility hampers earnings visibility, complicates reserve and pricing decisions, and can erode stakeholder confidence in sustained profitability.

Earnings sensitivity to investment and underwriting

Dependence on investment returns and underwriting spreads makes profitability exposed to market yields, asset performance and claim cycles. Structural shifts in interest rates or adverse claims experience can materially affect underwriting margins and net income over the medium term.

Great Eastern Holdings Limited Business Overview & Revenue Model

Company Description

Great Eastern Holdings Limited (G07) is a leading life insurance and financial services company headquartered in Singapore. Established in 1908, the company operates primarily in the insurance and investment sectors, providing a range of products including life insurance, health insurance, and general insurance. Great Eastern serves both individual and corporate clients, with a strong presence in Southeast Asia, leveraging its extensive network of agents and digital platforms to deliver tailored financial solutions.

How the Company Makes Money

Great Eastern Holdings generates revenue primarily through the sale of insurance products, which include life, health, and general insurance policies. The company earns premiums from policyholders, forming a significant portion of its income. Additionally, Great Eastern generates investment income through its portfolio of financial assets, including equities, bonds, and real estate investments. The company also benefits from fees and commissions earned from various financial services and products, such as unit trusts and investment-linked policies. Partnerships with banks and financial institutions enhance its distribution capabilities, allowing for greater market penetration and customer reach. Overall, the combination of premium income, investment returns, and service fees constitutes the core of Great Eastern's revenue model.

Great Eastern Holdings Limited Financial Statement Overview

Summary

Strong balance sheet strength (very low leverage and improving ROE) supports a high-quality profile, but revenue/margin volatility and uneven cash flow (notably negative in 2023–2024 before rebounding in 2025) reduce consistency.

Income Statement

Profitability is solid, with positive net income across all years and generally healthy operating profitability (EBIT margin mostly in the low-to-mid teens, peaking above 20% in 2024). Revenue growth is highly volatile (sharp declines in some years followed by a very large rebound in 2025), and net margin compressed meaningfully in 2025 versus 2024 (about 8.1% vs. 14.0%), which tempers confidence in earnings consistency.

Balance Sheet

Balance sheet looks very strong: leverage is low with debt-to-equity consistently modest (roughly 0.7%–7.0% over the period), supported by a large equity base. Returns on equity are steady-to-improving overall (about 6.5% in 2022 to ~12.4% in 2025), suggesting good capital productivity with limited balance-sheet risk.

Cash Flow

Cash generation is uneven. Operating and free cash flow swung from strongly positive (2020–2022, and again in 2025) to meaningfully negative in 2023–2024, indicating volatility in cash conversion. A positive signal is that in 2025 free cash flow nearly matches net income (free cash flow to net income ~0.98), but the prior-year cash outflows reduce overall cash-flow quality and stability.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	14.98B	7.10B	5.72B	6.21B	19.96B
Gross Profit	14.98B	7.10B	3.33B	6.21B	19.96B
EBITDA	1.85B	1.61B	1.16B	898.00M	2.73B
Net Income	1.21B	995.30M	774.60M	610.00M	1.11B
Balance Sheet
Total Assets	122.64B	113.91B	109.03B	107.92B	110.39B
Cash, Cash Equivalents and Short-Term Investments	5.13B	18.32B	6.30B	9.61B	9.12B
Total Debt	678.50M	521.70M	51.50M	62.60M	74.40M
Total Liabilities	112.17B	105.12B	101.04B	98.39B	100.25B
Stockholders Equity	9.71B	8.69B	7.89B	9.43B	10.03B
Cash Flow
Free Cash Flow	2.73B	-2.61B	-1.12B	6.64B	4.17B
Operating Cash Flow	2.77B	-2.49B	-1.02B	6.71B	4.27B
Investing Cash Flow	-2.37B	520.90M	-1.83B	-5.89B	-4.08B
Financing Cash Flow	324.10M	62.20M	-448.80M	-330.80M	-724.80M

Great Eastern Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.81
• 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:G07, the sentiment is Positive. The current price of 14.81 is below the 20-day moving average (MA) of 15.82, below the 50-day MA of 15.58, and above the 200-day MA of 14.31, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 58.61 is Neutral, neither overbought nor oversold. The STOCH value of 65.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:G07.

Great Eastern Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HPAD	80 Outperform	S$201.93B	7.64	14.73%	4.51%	7.65%	16.83%
G07	74 Outperform	S$8.02B	12.66	11.35%	3.10%	-0.39%	8.38%
D05	73 Outperform	S$158.01B	14.43	17.10%	5.06%	2.67%	6.32%
O39	71 Outperform	$94.87B	12.95	12.87%	4.71%	0.69%	-0.06%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
U11	64 Neutral	$60.06B	13.17	12.80%	6.49%	-0.76%	4.96%