Geo Energy Resources Ltd. (SG:RE4)
SGX:RE4
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Geo Energy Resources Ltd.
(SGX:RE4)
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Rating:49Neutral
Price Target:
S$0.49
▲(22.00% 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
Cash generation
Positive trailing‑12‑month operating and free cash flow indicate the business currently converts a meaningful portion of earnings into real cash. That durability supports capex, working capital and debt service over the next few quarters, giving the company flexibility to manage investments and obligations through commodity cycles.
Negative Factors
Rising leverage
The shift from very low debt to a noticeably more debt‑funded capital structure raises interest and refinancing risk. In a cyclical commodity industry like coal, higher leverage reduces financial flexibility, increases fixed cash outflows, and makes the company more vulnerable to downturns in prices or volumes over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Positive trailing‑12‑month operating and free cash flow indicate the business currently converts a meaningful portion of earnings into real cash. That durability supports capex, working capital and debt service over the next few quarters, giving the company flexibility to manage investments and obligations through commodity cycles.
Read all positive factors
Geo Energy Resources Ltd. (RE4) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$871.76M
Dividend Yield2%
Average Volume (3M)14.55M
Price to Earnings (P/E)36.5
Beta (1Y)0.54
Revenue Growth1.02%
EPS GrowthN/A
CountrySG
Employees350
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)<0.01
Shares Outstanding1,780,374,600
10 Day Avg. Volume8,731,220
30 Day Avg. Volume14,549,890
Financial Highlights & Ratios
PEG Ratio-0.69
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 Upside152.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.05
Revenue Forecast (FY)S$650.56M
Geo Energy Resources Ltd. Business Overview & Revenue Model
Company Description
Geo Energy Resources Limited, an investment holding company, engages in the mining, production, and trading of coal. The company operates through Coal Mining, Coal Trading, and Mining Services segments. The Coal Mining segment engages in the produ...
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 | 0.00 | 594.61M | 477.86M | 437.76M | 154.74M | 176.60M |
| Stockholders Equity | 0.00 | 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.
0.47
0.11
30.62%
SG:5GI
Interra Resources Ltd.
0.04
0.00
0.00%
SG:5WH
Rex International Holding Ltd.
0.08
-0.04
-35.54%
SG:T13
RH Petrogas Limited
0.17
0.04
28.89%
SG:TPED
PTT Exploration and Production Public Co Ltd Shs Singapore Depositary Receipt Repr 1 NDVR
6.00
2.20
57.98%
SG:HPCD
PetroChina Co Ltd Shs UnSp Singapore Depositary Receipt Repr 2/1 Sh
3.59
1.47
69.34%
Geo Energy Resources Ltd. Corporate Events
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...
Geo Energy Key Executives Raise Personal Stakes in Company Shares
Mar 9, 2026
Geo Energy Resources has disclosed changes in shareholdings by two members of its key management team, the Group Chief Operating Officer and the Group Chief Financial Officer. The disclosure highlights direct market purchases of the company’...
Geo Energy Resources Adds Independent Director, Reshapes Key Board Committees
Feb 27, 2026
Geo Energy Resources has announced the appointment of Tai Mern Tze as an independent non-executive director effective 2 March 2026, strengthening the independent representation on its board. Tai will also chair the remuneration committee and join ...
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.