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E5H

Golden Agri-ResourcesSGX:E5H Stock Report

Market Cap

S$2.9b

7D

-15.1%

1Y

41.5%

Updated

02 Dec, 2021

Data

Company Financials +
E5H fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends4/6

E5H Stock Overview

Golden Agri-Resources Ltd, an investment holding company, operates as an integrated palm oil plantation company in China, Indonesia, India, rest of Asia, Europe, and internationally.

Golden Agri-Resources Competitors

Dekel Agri-Vision

AIM:DKL

UK£24.9m

Nano Magic Holdings

OTCPK:NMGX

US$98.5k

Price History & Performance

Summary of all time highs, changes and price drops for Golden Agri-Resources
Historical stock prices
Current Share PriceS$0.23
52 Week HighS$0.29
52 Week LowS$0.15
Beta0.83
1 Month Change-16.67%
3 Month Change-6.25%
1 Year Change41.51%
3 Year Change-10.00%
5 Year Change-48.86%
Change since IPO76.61%

Recent News & Updates

Nov 25
Is Golden Agri-Resources Ltd (SGX:E5H) Potentially Undervalued?

Is Golden Agri-Resources Ltd (SGX:E5H) Potentially Undervalued?

Golden Agri-Resources Ltd ( SGX:E5H ), is not the largest company out there, but it saw a decent share price growth in...

Sep 08
Does Golden Agri-Resources (SGX:E5H) Have A Healthy Balance Sheet?

Does Golden Agri-Resources (SGX:E5H) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Aug 18
Is Now An Opportune Moment To Examine Golden Agri-Resources Ltd (SGX:E5H)?

Is Now An Opportune Moment To Examine Golden Agri-Resources Ltd (SGX:E5H)?

Golden Agri-Resources Ltd ( SGX:E5H ), might not be a large cap stock, but it saw a double-digit share price rise of...

Shareholder Returns

E5HSG FoodSG Market
7D-15.1%-5.6%-3.5%
1Y41.5%2.2%7.2%

Return vs Industry: E5H exceeded the SG Food industry which returned 3.2% over the past year.

Return vs Market: E5H exceeded the SG Market which returned 8.3% over the past year.

Price Volatility

Is E5H's price volatile compared to industry and market?
E5H volatility
E5H Average Weekly Movement5.0%
Food Industry Average Movement4.5%
Market Average Movement4.8%
10% most volatile stocks in SG Market14.5%
10% least volatile stocks in SG Market2.2%

Stable Share Price: E5H is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: E5H's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199698,462Franky Widjajahttps://www.goldenagri.com.sg

Golden Agri-Resources Ltd, an investment holding company, operates as an integrated palm oil plantation company in China, Indonesia, India, rest of Asia, Europe, and internationally. It operates in two segments, Plantation and Palm Oil Mills; and Palm, Laurics and Others. The company offers bulk products, such as crude palm oil, palm kernel, palm kernel oil, palm kernel meal, olein, stearin, cocoa butter substitute, soybean oil, and soybean meal; oleo chemicals; palm oil based bio-diesel and other renewable resources based energy; and refined products, including cooking oil, margarine, shortening, butter oil substitute, and fats for end-customers, restaurants, hotels, cafés, and industrial markets.

Golden Agri-Resources Fundamentals Summary

How do Golden Agri-Resources's earnings and revenue compare to its market cap?
E5H fundamental statistics
Market CapUS$2.10b
Earnings (TTM)US$461.76m
Revenue (TTM)US$9.36b

4.5x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
E5H income statement (TTM)
RevenueUS$9.36b
Cost of RevenueUS$7.14b
Gross ProfitUS$2.22b
ExpensesUS$1.76b
EarningsUS$461.76m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.036
Gross Margin23.71%
Net Profit Margin4.93%
Debt/Equity Ratio66.2%

How did E5H perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

21%

Payout Ratio

Valuation

Is Golden Agri-Resources undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: E5H (SGD0.23) is trading below our estimate of fair value (SGD1.11)

Significantly Below Fair Value: E5H is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: E5H is good value based on its PE Ratio (4.5x) compared to the SG Food industry average (12.5x).

PE vs Market: E5H is good value based on its PE Ratio (4.5x) compared to the SG market (13x).


Price to Earnings Growth Ratio

PEG Ratio: E5H's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: E5H is good value based on its PB Ratio (0.5x) compared to the SG Food industry average (1x).


Future Growth

How is Golden Agri-Resources forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-15.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: E5H's earnings are forecast to decline over the next 3 years (-15% per year).

Earnings vs Market: E5H's earnings are forecast to decline over the next 3 years (-15% per year).

High Growth Earnings: E5H's earnings are forecast to decline over the next 3 years.

Revenue vs Market: E5H's revenue is expected to decline over the next 3 years (-1.3% per year).

High Growth Revenue: E5H's revenue is forecast to decline over the next 3 years (-1.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: E5H's Return on Equity is forecast to be low in 3 years time (6.3%).


Past Performance

How has Golden Agri-Resources performed over the past 5 years?

-7.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: E5H has high quality earnings.

Growing Profit Margin: E5H's current net profit margins (4.9%) are higher than last year (1.2%).


Past Earnings Growth Analysis

Earnings Trend: E5H's earnings have declined by 7.2% per year over the past 5 years.

Accelerating Growth: E5H's earnings growth over the past year (495.3%) exceeds its 5-year average (-7.2% per year).

Earnings vs Industry: E5H earnings growth over the past year (495.3%) exceeded the Food industry 2.4%.


Return on Equity

High ROE: E5H's Return on Equity (10.6%) is considered low.


Financial Health

How is Golden Agri-Resources's financial position?


Financial Position Analysis

Short Term Liabilities: E5H's short term assets ($3.5B) exceed its short term liabilities ($2.8B).

Long Term Liabilities: E5H's short term assets ($3.5B) exceed its long term liabilities ($1.8B).


Debt to Equity History and Analysis

Debt Level: E5H's net debt to equity ratio (43.6%) is considered high.

Reducing Debt: E5H's debt to equity ratio has reduced from 74.3% to 66.2% over the past 5 years.

Debt Coverage: E5H's debt is not well covered by operating cash flow (19.5%).

Interest Coverage: E5H's interest payments on its debt are well covered by EBIT (5.7x coverage).


Balance Sheet


Dividend

What is Golden Agri-Resources's current dividend yield, its reliability and sustainability?

4.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: E5H's dividend (4.66%) is higher than the bottom 25% of dividend payers in the SG market (2.05%).

High Dividend: E5H's dividend (4.66%) is low compared to the top 25% of dividend payers in the SG market (5.4%).


Stability and Growth of Payments

Stable Dividend: E5H's dividend payments have been volatile in the past 10 years.

Growing Dividend: E5H's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.8%), E5H's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: E5H's dividends in 3 years are forecast to be well covered by earnings (30.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.9yrs

Average management tenure


CEO

Franky Widjaja (63 yo)

25.92yrs

Tenure

Mr. Franky Oesman Widjaja has been the Chief Executive Officer and Executive Director of Golden Agri-Resources Ltd. (GAR) since 1996. Mr. Widjaja serves as the Head of the Agri-Business and Consumer Food P...


Leadership Team

Experienced Management: E5H's management team is seasoned and experienced (9.9 years average tenure).


Board Members

Experienced Board: E5H's board of directors are considered experienced (4.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Golden Agri-Resources Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Golden Agri-Resources Ltd
  • Ticker: E5H
  • Exchange: SGX
  • Founded: 1996
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Market Cap: S$2.856b
  • Shares outstanding: 12.69b
  • Website: https://www.goldenagri.com.sg

Number of Employees


Location

  • Golden Agri-Resources Ltd
  • No. 06-00 Golden Agri Plaza
  • 108 Pasir Panjang Road
  • Singapore
  • 118535
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/02 15:57
End of Day Share Price2021/12/02 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.