| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 1/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
EB5 Stock Overview
First Resources Limited, an investment holding company, engages in the palm oil production activities in Singapore, Indonesia, Europe, China, and internationally.
Rewards
Risk Analysis
No risks detected for EB5 from our risk checks.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | S$1.70 |
| 52 Week High | S$1.91 |
| 52 Week Low | S$1.26 |
| Beta | 1 |
| 1 Month Change | 17.24% |
| 3 Month Change | -7.61% |
| 1 Year Change | 4.29% |
| 3 Year Change | -2.30% |
| 5 Year Change | -13.04% |
| Change since IPO | 39.34% |
Recent News & Updates
Is Now An Opportune Moment To Examine First Resources Limited (SGX:EB5)?
While First Resources Limited ( SGX:EB5 ) might not be the most widely known stock at the moment, it saw a significant...
Returns At First Resources (SGX:EB5) Are On The Way Up
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Here's Why First Resources (SGX:EB5) Can Manage Its Debt Responsibly
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
First Resources' (SGX:EB5) Shareholders Will Receive A Bigger Dividend Than Last Year
First Resources Limited ( SGX:EB5 ) will increase its dividend on the 9th of September to S$0.013. Despite this raise...
First Resources' (SGX:EB5) Dividend Will Be Increased To S$0.013
The board of First Resources Limited ( SGX:EB5 ) has announced that it will be increasing its dividend on the 9th of...
Shareholder Returns
| EB5 | SG Food | SG Market | |
|---|---|---|---|
| 7D | -0.6% | 1.2% | 0.2% |
| 1Y | 4.3% | -13.7% | 4.4% |
Return vs Industry: EB5 exceeded the SG Food industry which returned -14.3% over the past year.
Return vs Market: EB5 matched the SG Market which returned 3.9% over the past year.
Price Volatility
| EB5 volatility | |
|---|---|
| EB5 Average Weekly Movement | 4.9% |
| Food Industry Average Movement | 4.3% |
| Market Average Movement | 4.5% |
| 10% most volatile stocks in SG Market | 12.3% |
| 10% least volatile stocks in SG Market | 2.1% |
Stable Share Price: EB5 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: EB5's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1992 | n/a | Ciliandra Fangiono | https://www.first-resources.com |
First Resources Limited, an investment holding company, engages in the palm oil production activities in Singapore, Indonesia, Europe, China, and internationally. The company operates in two segments, Plantations and Palm Oil Mills, and Refinery and Processing. It is involved in cultivating and maintaining oil palms; harvesting and milling fresh fruit bunches into crude palm oil (CPO) and palm kernel (PK) products; and processing CPO and PK into value palm based products, such as biodiesel, palm kernel oil, and palm kernel expeller, as well as refined, bleached, and deodorized (RBD) olein, and RBD stearin.
First Resources Fundamentals Summary
| EB5 fundamental statistics | |
|---|---|
| Market Cap | US$1.99b |
| Earnings (TTM) | US$93.15m |
| Revenue (TTM) | US$795.12m |
21.4x
P/E Ratio2.5x
P/S RatioIs EB5 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| EB5 income statement (TTM) | |
|---|---|
| Revenue | US$795.12m |
| Cost of Revenue | US$432.66m |
| Gross Profit | US$362.46m |
| Expenses | US$269.31m |
| Earnings | US$93.15m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.059 |
| Gross Margin | 45.59% |
| Net Profit Margin | 11.71% |
| Debt/Equity Ratio | 37.1% |
How did EB5 perform over the long term?
See historical performance and comparisonDividends
1.9%
Current Dividend Yield42%
Payout RatioValuation
Is First 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: EB5 (SGD1.7) is trading below our estimate of fair value (SGD5.25)
Significantly Below Fair Value: EB5 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EB5 is poor value based on its PE Ratio (21.4x) compared to the SG Food industry average (12.1x).
PE vs Market: EB5 is poor value based on its PE Ratio (21.4x) compared to the SG market (13.4x).
Price to Earnings Growth Ratio
PEG Ratio: EB5 is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: EB5 is overvalued based on its PB Ratio (1.9x) compared to the SG Food industry average (1x).
Future Growth
How is First Resources forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
12.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EB5's forecast earnings growth (12% per year) is above the savings rate (1.8%).
Earnings vs Market: EB5's earnings (12% per year) are forecast to grow slower than the SG market (14.5% per year).
High Growth Earnings: EB5's earnings are forecast to grow, but not significantly.
Revenue vs Market: EB5's revenue (5.3% per year) is forecast to grow slower than the SG market (7.6% per year).
High Growth Revenue: EB5's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EB5's Return on Equity is forecast to be low in 3 years time (14%).
Past Performance
How has First Resources performed over the past 5 years?
-7.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EB5 has high quality earnings.
Growing Profit Margin: EB5's current net profit margins (11.7%) are lower than last year (16.5%).
Past Earnings Growth Analysis
Earnings Trend: EB5's earnings have declined by 7.4% per year over the past 5 years.
Accelerating Growth: EB5's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EB5 had negative earnings growth (-5.9%) over the past year, making it difficult to compare to the Food industry average (2.4%).
Return on Equity
High ROE: EB5's Return on Equity (9.5%) is considered low.
Financial Health
How is First Resources's financial position?
Financial Position Analysis
Short Term Liabilities: EB5's short term assets ($431.7M) exceed its short term liabilities ($354.9M).
Long Term Liabilities: EB5's short term assets ($431.7M) exceed its long term liabilities ($243.8M).
Debt to Equity History and Analysis
Debt Level: EB5's net debt to equity ratio (19.7%) is considered satisfactory.
Reducing Debt: EB5's debt to equity ratio has reduced from 61.7% to 37.1% over the past 5 years.
Debt Coverage: EB5's debt is well covered by operating cash flow (45.2%).
Interest Coverage: EB5's interest payments on its debt are well covered by EBIT (12.2x coverage).
Balance Sheet
Dividend
What is First Resources's current dividend yield, its reliability and sustainability?
1.87%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EB5's dividend (1.87%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (2%).
High Dividend: EB5's dividend (1.87%) is low compared to the top 25% of dividend payers in the SG market (5.43%).
Stability and Growth of Payments
Stable Dividend: EB5's dividend payments have been volatile in the past 10 years.
Growing Dividend: EB5's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.1%), EB5's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EB5's dividends in 3 years are forecast to be covered by earnings (54.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
15.0yrs
Average management tenure
CEO
Ciliandra Fangiono (45 yo)
19yrs
Tenure
US$799,685
Compensation
Mr. Ciliandra Fangiono has been the Chief Executive Officer of First Resources Ltd. since 2003. Mr. Fangiono served as the President Director of Pt Ciliandra Perkasa.He has been an Executive Director of F...
CEO Compensation Analysis
Compensation vs Market: Ciliandra's total compensation ($USD799.69K) is about average for companies of similar size in the SG market ($USD1.11M).
Compensation vs Earnings: Ciliandra's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: EB5's management team is seasoned and experienced (15 years average tenure).
Board Members
Experienced Board: EB5's board of directors are considered experienced (7.2 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
First Resources Limited's employee growth, exchange listings and data sources
Key Information
- Name: First Resources Limited
- Ticker: EB5
- Exchange: SGX
- Founded: 1992
- Industry: Agricultural Products
- Sector: Food, Beverage & Tobacco
- Implied Market Cap: S$2.681b
- Shares outstanding: 1.58b
- Website: https://www.first-resources.com
Location
- First Resources Limited
- No. 36-02, Suntec Tower Three
- 8 Temasek Boulevard
- Singapore
- 38988
- Singapore
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 15:47 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.