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Great Eastern Holdings Limited
(SGX:G07)
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Rating:74Outperform
Price Target:
S$21.50
▲(45.17% Upside)
Action:Reiterated
Date: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
Low leverage & strong capital base
Consistently very low debt-to-equity (roughly 0.7%–7.0%) and a large equity base give the insurer durable capital resilience. This supports regulatory capital buffers, capacity for underwriting shocks, and optionality for strategic investments or payouts over the medium term.
Negative Factors
Highly uneven cash generation
Material swings to negative operating and free cash flow in 2023–2024 demonstrate weak cash conversion consistency. Such volatility complicates capital planning, heightens liquidity risk in adverse markets, and may force conservative reserving or capital actions in stress periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage & strong capital base
Consistently very low debt-to-equity (roughly 0.7%–7.0%) and a large equity base give the insurer durable capital resilience. This supports regulatory capital buffers, capacity for underwriting shocks, and optionality for strategic investments or payouts over the medium term.
Read all positive factors
Great Eastern Holdings Limited (G07) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$9.71B
Dividend Yield2.85%
Average Volume (3M)26.09K
Price to Earnings (P/E)15.3
Beta (1Y)0.18
Revenue Growth11.36%
EPS Growth72.38%
CountrySG
Employees5,250
SectorFinancial
Sector Strength70
IndustryInsurance - Life
Share Statistics
EPS (TTM)1.26
Shares Outstanding503,030,120
10 Day Avg. Volume26,770
30 Day Avg. Volume26,086
Financial Highlights & Ratios
PEG Ratio0.61
Price to Book (P/B)1.51
Price to Sales (P/S)1.01
P/FCF Ratio5.36
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)N/A
Revenue Forecast (FY)N/A
Great Eastern Holdings Limited Business Overview & Revenue Model
Company Description
Great Eastern Holdings Limited, an investment holding enterprise, offers a broad spectrum of insurance products throughout Singapore, Malaysia, and the wider Asian region. The company's business activities are categorized into three core segments:...
How the Company Makes Money
Great Eastern makes money primarily through its insurance operations. Key revenue and earnings drivers include: (1) Premium income: recurring premiums collected from policyholders for life, health and group insurance products (including investment...
Great Eastern Holdings Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 14.44B | 7.10B | 5.72B | 6.21B | 19.96B |
| Gross Profit | 13.93B | 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 | 1.39B | 521.70M | 51.50M | 62.60M | 74.40M |
| Total Liabilities | 112.84B | 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
Positive
14.81
Price Trends
16.21
Positive
15.91
Positive
15.46
Positive
Market Momentum
0.77
Negative
89.36
Negative
94.11
Negative
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 16.87, below the 50-day MA of 16.21, and below the 200-day MA of 15.46, indicating a bullish trend. The MACD of 0.77 indicates Negative momentum. The RSI at 89.36 is Negative, neither overbought nor oversold. The STOCH value of 94.11 is Negative, 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | S$9.71B | 15.32 | 12.30% | 3.10% | 11.36% | 72.38% | |
73 Outperform | S$128.35B | 13.86 | 24.77% | 4.71% | -5.80% | -2.09% | |
72 Outperform | S$204.49B | 18.64 | 15.87% | 5.06% | -5.26% | -3.07% | |
71 Outperform | S$525.93M | 16.50 | 5.16% | 2.80% | 2.48% | 8.35% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | S$70.09B | 10.95 | 9.22% | 6.49% | -9.13% | -21.93% | |
64 Neutral | S$169.18B | 15.80 | 8.05% | 4.51% | ― | ― |
* Financial Sector Average
SG:G07
Great Eastern Holdings Limited
19.30
6.87
55.28%
SG:D05
DBS Group Holdings
71.96
27.30
61.12%
SG:O39
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28.56
12.14
73.91%
SG:U11
UOB
42.47
7.19
20.36%
SG:U13
United Overseas Insurance Limited
8.60
0.91
11.80%
SG:HPAD
Ping An Insurance (Group) Company of China, Ltd. Shs UnSp Singapore Depositary Receipt Repr 1/2 Sh
4.48
0.34
8.16%
Great Eastern Holdings Limited Corporate Events
Great Eastern lifts record 2025 profits as strategic product shift boosts value despite lower premiums
May 13, 2026
Great Eastern Holdings reported that its gross premiums fell 17% in 2025 to S$14.2 billion as it deliberately shifted its Singapore life portfolio away from short-term single premium endowments toward a more diversified mix of longer-term, needs-b...
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.