Golden Agri-Resources Valuation
Is E5H undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of E5H when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: E5H (SGD0.27) is trading below our estimate of fair value (SGD1.18)
Significantly Below Fair Value: E5H is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for E5H?
Key metric: As E5H is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is E5H's PE Ratio? | |
|---|---|
| PE Ratio | 21.7x |
| Earnings | US$117.70m |
| Market Cap | US$2.55b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.5x |
| Enterprise Value/EBITDA | 6x |
| PEG Ratio | 0.4x |
Price to Earnings Ratio vs Peers
How does E5H's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 10.2x | ||
EB5 First Resources | 10x | 5.8% | S$2.4b |
P8Z Bumitama Agri | 8.1x | 4.0% | S$1.5b |
F34 Wilmar International | 9.3x | 5.9% | S$19.4b |
F99 Fraser and Neave | 13.3x | n/a | S$2.0b |
E5H Golden Agri-Resources | 21.7x | 56.4% | S$3.4b |
Price-To-Earnings vs Peers: E5H is expensive based on its Price-To-Earnings Ratio (21.7x) compared to the peer average (10.2x).
Price to Earnings Ratio vs Industry
How does E5H's PE Ratio compare vs other companies in the Asian Food Industry?
| 26 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 26 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: E5H is expensive based on its Price-To-Earnings Ratio (21.7x) compared to the Asian Food industry average (16.9x).
Price to Earnings Ratio vs Fair Ratio
What is E5H's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 21.7x |
| Fair PE Ratio | 25.9x |
Price-To-Earnings vs Fair Ratio: E5H is good value based on its Price-To-Earnings Ratio (21.7x) compared to the estimated Fair Price-To-Earnings Ratio (25.9x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | S$0.27 | S$0.28 +4.4% | 2.9% | S$0.29 | S$0.27 | n/a | 2 |
| Nov ’25 | S$0.29 | S$0.26 -12.5% | 4.0% | S$0.27 | S$0.25 | n/a | 2 |
| Oct ’25 | S$0.28 | S$0.26 -6.1% | 4.0% | S$0.27 | S$0.25 | n/a | 2 |
| Sep ’25 | S$0.27 | S$0.27 +0.2% | 4.2% | S$0.28 | S$0.25 | n/a | 3 |
| Aug ’25 | S$0.28 | S$0.28 +0.6% | 5.7% | S$0.30 | S$0.26 | n/a | 3 |
| Jul ’25 | S$0.27 | S$0.28 +2.4% | 5.7% | S$0.30 | S$0.26 | n/a | 3 |
| Jun ’25 | S$0.27 | S$0.28 +3.9% | 5.5% | S$0.30 | S$0.26 | n/a | 3 |
| May ’25 | S$0.28 | S$0.29 +3.9% | 3.9% | S$0.30 | S$0.27 | n/a | 3 |
| Apr ’25 | S$0.27 | S$0.29 +5.8% | 3.9% | S$0.30 | S$0.27 | n/a | 3 |
| Mar ’25 | S$0.27 | S$0.29 +5.8% | 3.9% | S$0.30 | S$0.27 | n/a | 3 |
| Feb ’25 | S$0.27 | S$0.32 +19.6% | 17.2% | S$0.40 | S$0.27 | n/a | 3 |
| Jan ’25 | S$0.26 | S$0.32 +24.2% | 17.2% | S$0.40 | S$0.27 | n/a | 3 |
| Dec ’24 | S$0.27 | S$0.28 +6.5% | 5.7% | S$0.30 | S$0.27 | n/a | 2 |
| Nov ’24 | S$0.27 | S$0.28 +6.1% | 2.0% | S$0.29 | S$0.27 | S$0.29 | 3 |
| Oct ’24 | S$0.27 | S$0.30 +12.0% | 11.1% | S$0.35 | S$0.27 | S$0.28 | 4 |
| Sep ’24 | S$0.25 | S$0.30 +18.7% | 11.1% | S$0.35 | S$0.27 | S$0.27 | 4 |
| Aug ’24 | S$0.25 | S$0.30 +18.2% | 10.4% | S$0.35 | S$0.27 | S$0.28 | 4 |
| Jul ’24 | S$0.24 | S$0.31 +27.2% | 11.0% | S$0.35 | S$0.27 | S$0.27 | 5 |
| Jun ’24 | S$0.27 | S$0.31 +17.6% | 11.0% | S$0.35 | S$0.27 | S$0.27 | 5 |
| May ’24 | S$0.28 | S$0.31 +14.2% | 11.3% | S$0.35 | S$0.27 | S$0.28 | 5 |
| Apr ’24 | S$0.28 | S$0.32 +11.5% | 11.0% | S$0.35 | S$0.27 | S$0.27 | 5 |
| Mar ’24 | S$0.28 | S$0.32 +13.1% | 10.8% | S$0.35 | S$0.27 | S$0.27 | 5 |
| Feb ’24 | S$0.25 | S$0.31 +25.7% | 11.2% | S$0.35 | S$0.27 | S$0.27 | 5 |
| Jan ’24 | S$0.25 | S$0.31 +25.7% | 11.2% | S$0.35 | S$0.27 | S$0.26 | 5 |
| Dec ’23 | S$0.29 | S$0.41 +40.9% | 46.4% | S$0.78 | S$0.28 | S$0.27 | 5 |
| Nov ’23 | S$0.29 | S$0.41 +39.3% | 47.8% | S$0.80 | S$0.29 | S$0.27 | 5 |
Analyst Forecast: Target price is less than 20% higher than the current share price.
Discover undervalued companies
Kencana Agri
S$23.0m
Operates as a plantation company in Indonesia, Malaysia, and internationally.
BNE
S$0.08
7D
-9.1%
1Y
0%
Indofood Agri Resources
S$453.7m
Operates as a vertically integrated agribusiness company in Singapore, Indonesia, China, Nigeria, Timor Leste, Germany, the Philippines, Myanmar, and internationally.
5JS
S$0.33
7D
-3.0%
1Y
8.3%
First Resources
S$2.4b
An investment holding company, engages in the palm oil production activities in Singapore, Indonesia, Europe, China, and internationally.
EB5
S$1.54
7D
-2.5%
1Y
10.0%