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Geo Energy Resources Ltd.
(SGX:RE4)
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Rating:49Neutral
Price Target:
S$0.55
▲(38.00% Upside)
Action:Reiterated
Date:05/21/26
The score is held back mainly by weakening fundamentals versus the prior cycle peak (declining TTM revenue, compressed margins, and higher leverage risk) and bearish technical signals (below key moving averages with negative MACD). Valuation also weighs on the result due to a high P/E and low dividend yield.
Positive Factors
Solid cash generation
Sustained positive TTM operating and free cash flow indicates the business currently generates internal funding for operations and reinvestment. Durable cash generation supports debt servicing and capital allocation flexibility even through commodity cycles, improving medium-term financial resilience.
Negative Factors
Increased leverage and limited visibility
A shift from very low to materially higher leverage reduces financial flexibility and raises refinancing and interest-rate risk during weaker price periods. The missing TTM equity datapoint impairs accurate solvency assessment, increasing uncertainty about the company's ability to withstand prolonged downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Solid cash generation
Sustained positive TTM operating and free cash flow indicates the business currently generates internal funding for operations and reinvestment. Durable cash generation supports debt servicing and capital allocation flexibility even through commodity cycles, improving medium-term financial resilience.
Read all positive factors
Geo Energy Resources Ltd. (RE4) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$988.06M
Dividend Yield2%
Average Volume (3M)14.55M
Price to Earnings (P/E)35.7
Beta (1Y)0.54
Revenue Growth1.02%
EPS GrowthN/A
CountrySG
Employees383
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)0.01
Shares Outstanding1,781,573,600
10 Day Avg. Volume8,731,220
30 Day Avg. Volume14,549,890
Financial Highlights & Ratios
PEG Ratio-0.68
Price to Book (P/B)1.05
Price to Sales (P/S)0.81
P/FCF Ratio10.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$1.01Price Target Upside151.67% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.04
Revenue Forecast (FY)S$606.57M
Geo Energy Resources Ltd. Business Overview & Revenue Model
Company Description
Geo Energy Resources Limited, a Singapore-based investment holding firm established in 2008, primarily concentrates on the coal sector. Its core activities encompass the excavation, production, and merchandising of coal. The company's operations a...
How the Company Makes Money
Geo Energy Resources makes money primarily by selling thermal coal produced from its Indonesian mining operations to end customers and intermediaries. Revenue is generated when the company extracts and processes coal from its mining concessions an...
Geo Energy Resources Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
53
Neutral
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 491.35M | 571.38M | 401.90M | 488.97M | 733.47M | 641.89M |
| Gross Profit | 71.54M | 87.02M | 52.64M | 79.23M | 272.06M | 261.23M |
| EBITDA | 73.73M | 103.98M | 44.51M | 113.76M | 253.99M | 257.29M |
| Net Income | 17.03M | 27.81M | 37.14M | 61.98M | 161.56M | 177.94M |
Balance Sheet | ||||||
| Total Assets | 1.31B | 1.13B | 1.02B | 937.37M | 563.03M | 525.71M |
| Cash, Cash Equivalents and Short-Term Investments | 68.18M | 105.09M | 118.07M | 170.80M | 234.08M | 190.60M |
| Total Debt | 302.60M | 263.01M | 233.87M | 250.01M | 3.42M | 3.74M |
| Total Liabilities | 645.85M | 594.61M | 477.86M | 437.76M | 154.74M | 176.60M |
| Stockholders Equity | 657.73M | 442.45M | 449.45M | 419.10M | 407.36M | 347.78M |
Cash Flow | ||||||
| Free Cash Flow | 31.28M | 42.69M | 60.00M | -54.50M | 165.95M | 266.60M |
| Operating Cash Flow | 62.50M | 83.72M | 70.72M | -45.60M | 169.89M | 272.79M |
| Investing Cash Flow | -130.55M | -127.53M | -49.12M | -187.97M | -2.25M | -4.07M |
| Financing Cash Flow | 59.25M | 32.07M | -40.23M | 137.12M | -119.65M | -130.70M |
Geo Energy Resources Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
SG:RE4
Geo Energy Resources Ltd.
0.54
0.20
57.89%
SG:5GI
Interra Resources Ltd.
0.04
0.00
0.00%
SG:5WH
Rex International Holding Ltd.
0.07
-0.12
-63.64%
SG:T13
RH Petrogas Limited
0.16
-0.02
-9.77%
SG:TPED
PTT Exploration and Production Public Co Ltd Shs Singapore Depositary Receipt Repr 1 NDVR
5.57
1.19
27.20%
SG:HPCD
PetroChina Co Ltd Shs UnSp Singapore Depositary Receipt Repr 2/1 Sh
3.13
0.83
36.03%
Geo Energy Resources Ltd. Corporate Events
Geo Energy launches share buyback as MBJ project nears completion
Jul 7, 2026
Geo Energy Resources has launched a new share buyback programme, beginning with the repurchase of 637,500 shares from the open market at an average price of S$0.519. The buyback, authorised by shareholders and conducted under SGX rules, is part of...
Geo Energy says Indonesian export reforms ease disruption fears as MBJ project advances
Jun 22, 2026
Geo Energy Resources reported that recent clarifications from Indonesian authorities on plans to centralise commodity export oversight under sovereign wealth fund Danantara Indonesia indicate the fund will act only as a monitoring and compliance i...
Geo Energy says operations normal amid Indonesia’s plan to centralise commodity exports
May 25, 2026
Geo Energy Resources Ltd., a Singapore-listed coal producer with operations in Indonesia, continues to advance its integrated mining and logistics platform. The company is progressing on its MBJ Integrated Infrastructure project, having completed ...
Geo Energy lifts Q1 profit, expands Indonesian coal logistics and infrastructure
May 13, 2026
Geo Energy Resources Limited, a Singapore-listed coal miner focused on Indonesian assets, produces thermal coal from its SDJ, TBR and TRA mines while building out shipping and infrastructure capabilities. The group is also seeking exposure to prem...
Geo Energy Secures US$1.5 Billion Valuation for MBJ Infrastructure in Strategic Deal with Resource Invest
May 11, 2026
Geo Energy Resources has signed a term sheet with Swiss-based Resource Invest AG for a substantial equity investment in its PT Marga Bara Jaya integrated infrastructure business, implying a US$1.5 billion valuation for the South Sumatra road and j...
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.