First Resources Future Growth

Future criteria checks 1/6

First Resources is forecast to grow earnings and revenue by 5.8% and 3% per annum respectively. EPS is expected to grow by 5.3% per annum. Return on equity is forecast to be 14% in 3 years.

Key information

5.8%

Earnings growth rate

5.3%

EPS growth rate

Food earnings growth	8.9%
Revenue growth rate	3.0%
Future return on equity	14.0%
Analyst coverage	Low
Last updated	15 Nov 2024

Recent future growth updates

Recent updates

These 4 Measures Indicate That First Resources (SGX:EB5) Is Using Debt Reasonably Well

Nov 19

Investors Shouldn't Overlook First Resources' (SGX:EB5) Impressive Returns On Capital

Oct 02

First Resources' (SGX:EB5) Dividend Will Be $0.025

Aug 28

First Resources (SGX:EB5) Is Due To Pay A Dividend Of $0.025

Aug 14

Here's Why We Think First Resources (SGX:EB5) Is Well Worth Watching

Jul 06

An Intrinsic Calculation For First Resources Limited (SGX:EB5) Suggests It's 50% Undervalued

May 23

First Resources (SGX:EB5) Knows How To Allocate Capital Effectively

May 08

First Resources (SGX:EB5) Could Easily Take On More Debt

Apr 20

First Resources (SGX:EB5) Is Increasing Its Dividend To $0.12

Apr 04

First Resources' (SGX:EB5) Upcoming Dividend Will Be Larger Than Last Year's

Mar 03

Here's What To Make Of First Resources' (SGX:EB5) Decelerating Rates Of Return

Dec 19

We Ran A Stock Scan For Earnings Growth And First Resources (SGX:EB5) Passed With Ease

Dec 01

Here's Why First Resources (SGX:EB5) Can Manage Its Debt Responsibly

Sep 26

First Resources (SGX:EB5) Hasn't Managed To Accelerate Its Returns

Sep 04

First Resources (SGX:EB5) Is Paying Out A Larger Dividend Than Last Year

Aug 16

Here's Why We Think First Resources (SGX:EB5) Is Well Worth Watching

Jul 28

First Resources (SGX:EB5) Seems To Use Debt Rather Sparingly

Jun 23

At S$2.02, Is It Time To Put First Resources Limited (SGX:EB5) On Your Watch List?

Jun 08

First Resources (SGX:EB5) Hasn't Managed To Accelerate Its Returns

May 21

First Resources' (SGX:EB5) Dividend Will Be Increased To S$0.051

Apr 11

First Resources' (SGX:EB5) Shareholders Will Receive A Bigger Dividend Than Last Year

Mar 28

I Ran A Stock Scan For Earnings Growth And First Resources (SGX:EB5) Passed With Ease

Mar 21

First Resources' (SGX:EB5) Shareholders Will Receive A Bigger Dividend Than Last Year

Mar 01

We Like These Underlying Return On Capital Trends At First Resources (SGX:EB5)

Jan 27

Is Now An Opportune Moment To Examine First Resources Limited (SGX:EB5)?

Nov 08

Returns At First Resources (SGX:EB5) Are On The Way Up

Oct 21

Here's Why First Resources (SGX:EB5) Can Manage Its Debt Responsibly

Sep 27

First Resources' (SGX:EB5) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 29

First Resources' (SGX:EB5) Dividend Will Be Increased To S$0.013

Aug 15

First Resources (SGX:EB5) Has More To Do To Multiply In Value Going Forward

Jun 08

These 4 Measures Indicate That First Resources (SGX:EB5) Is Using Debt Reasonably Well

May 02

Should You Investigate First Resources Limited (SGX:EB5) At S$1.45?

Mar 21

Could First Resources Limited (SGX:EB5) Have The Makings Of Another Dividend Aristocrat?

Mar 08

Is First Resources (SGX:EB5) Likely To Turn Things Around?

Feb 24

Earnings and Revenue Growth Forecasts

SGX:EB5 - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,060	215	194	343	5
12/31/2025	1,071	207	201	311	5
12/31/2024	1,012	207	99	305	5
6/30/2024	989	178	-60	300	N/A
3/31/2024	985	162	-49	308	N/A
12/31/2023	981	145	-38	315	N/A
9/30/2023	1,060	207	136	387	N/A
6/30/2023	1,139	269	309	459	N/A
3/31/2023	1,182	297	278	393	N/A
12/31/2022	1,225	325	248	326	N/A
9/30/2022	1,190	291	197	264	N/A
6/30/2022	1,155	257	147	202	N/A
3/31/2022	1,093	209	194	247	N/A
12/31/2021	1,032	161	241	292	N/A
9/30/2021	914	127	185	239	N/A
6/30/2021	795	93	129	185	N/A
3/31/2021	728	96	125	189	N/A
12/31/2020	660	100	122	192	N/A
9/30/2020	654	101	95	186	N/A
6/30/2020	600	99	72	184	N/A
3/31/2020	604	96	18	136	N/A
12/31/2019	615	89	17	132	N/A
9/30/2019	576	74	-6	102	N/A
6/30/2019	610	86	-4	104	N/A
3/31/2019	648	105	9	110	N/A
12/31/2018	633	120	15	112	N/A
9/30/2018	669	137	69	166	N/A
6/30/2018	635	130	84	169	N/A
3/31/2018	588	117	N/A	211	N/A
12/31/2017	647	138	N/A	232	N/A
9/30/2017	641	162	N/A	226	N/A
6/30/2017	656	166	N/A	269	N/A
3/31/2017	656	169	N/A	223	N/A
12/31/2016	575	125	N/A	187	N/A
9/30/2016	531	85	N/A	124	N/A
6/30/2016	487	78	N/A	59	N/A
3/31/2016	471	77	N/A	58	N/A
12/31/2015	454	96	N/A	71	N/A
9/30/2015	499	137	N/A	160	N/A
6/30/2015	541	152	N/A	180	N/A
3/31/2015	534	153	N/A	177	N/A
12/31/2014	616	173	N/A	223	N/A
9/30/2014	618	200	N/A	189	N/A
6/30/2014	622	208	N/A	177	N/A
3/31/2014	630	220	N/A	192	N/A
12/31/2013	626	238	N/A	200	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EB5's forecast earnings growth (5.8% per year) is above the savings rate (2.2%).

Earnings vs Market: EB5's earnings (5.8% per year) are forecast to grow slower than the SG market (11.4% per year).

High Growth Earnings: EB5's earnings are forecast to grow, but not significantly.

Revenue vs Market: EB5's revenue (3% per year) is forecast to grow slower than the SG market (3.8% per year).

High Growth Revenue: EB5's revenue (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%).

First Resources Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 13%

First Resources Limited Provides Production Guidance for the Fourth Quarter of 2023

Recent updates

First Resources Limited to Report Q3, 2025 Results on Nov 14, 2025

These 4 Measures Indicate That First Resources (SGX:EB5) Is Using Debt Reasonably Well

Consensus EPS estimates increase by 13%

First Resources (SGX:EB5) Is Experiencing Growth In Returns On Capital

First half 2024 earnings released: EPS: US$0.067 (vs US$0.046 in 1H 2023)

First half dividend of S$0.035 announced

There's Reason For Concern Over First Resources Limited's (SGX:EB5) Price

First Resources' (SGX:EB5) Returns Have Hit A Wall

First Resources Limited Approves (One-Tier, Tax Exempt) Final Dividend for the Year Ended 31 December 2023, Payable on 16 May 2024

First Resources (SGX:EB5) Has Announced A Dividend Of $0.037

Full year 2023 earnings: EPS and revenues miss analyst expectations

First Resources (SGX:EB5) Will Pay A Dividend Of $0.037

Final dividend of S$0.037 announced

First Resources Limited, Annual General Meeting, Apr 26, 2024

First Resources Limited to Report Q1, 2024 Results on May 15, 2024

Are Investors Undervaluing First Resources Limited (SGX:EB5) By 23%?

First Resources Limited Announces Resignation of Ong Beng Kee as Independent Director and Member of the Audit and Remuneration Committees

Here's Why First Resources (SGX:EB5) Can Manage Its Debt Responsibly

First Resources Limited Provides Production Guidance for the Fourth Quarter of 2023

Investors Shouldn't Overlook First Resources' (SGX:EB5) Impressive Returns On Capital

First Resources' (SGX:EB5) Dividend Will Be $0.025

Upcoming dividend of S$0.025 per share at 9.7% yield

First Resources (SGX:EB5) Is Due To Pay A Dividend Of $0.025

First half 2023 earnings released: EPS: US$0.046 (vs US$0.081 in 1H 2022)

First Resources Limited Announces Interim Tax-Exempt One-Tier Dividend for the Half Year Ended 30 June 2023, Payable on 7 September 2023

Here's Why We Think First Resources (SGX:EB5) Is Well Worth Watching

First Resources Limited to Report Q2, 2023 Results on Aug 11, 2023

First Resources Limited Approves the Payment of A Final Dividend for the Year Ended 31 December 2022, Payable on 15 May 2023

An Intrinsic Calculation For First Resources Limited (SGX:EB5) Suggests It's 50% Undervalued

First Resources (SGX:EB5) Knows How To Allocate Capital Effectively

Upcoming dividend of S$0.12 per share at 9.4% yield

First Resources (SGX:EB5) Could Easily Take On More Debt

Full year 2022 earnings: EPS exceeds analyst expectations

First Resources (SGX:EB5) Is Increasing Its Dividend To $0.12

First Resources' (SGX:EB5) Upcoming Dividend Will Be Larger Than Last Year's

Full year 2022 earnings released

Here's What To Make Of First Resources' (SGX:EB5) Decelerating Rates Of Return

We Ran A Stock Scan For Earnings Growth And First Resources (SGX:EB5) Passed With Ease

Insufficient new directors

Here's Why First Resources (SGX:EB5) Can Manage Its Debt Responsibly

First Resources (SGX:EB5) Hasn't Managed To Accelerate Its Returns

Upcoming dividend of S$0.025 per share

First Resources (SGX:EB5) Is Paying Out A Larger Dividend Than Last Year

First half 2022 earnings released

First Resources Limited Announces Interim Tax-Exempt One-Tier Dividend for the Half Year Ended 30 June 2022, Payable on 8 September 2022

Here's Why We Think First Resources (SGX:EB5) Is Well Worth Watching

First Resources (SGX:EB5) Seems To Use Debt Rather Sparingly

At S$2.02, Is It Time To Put First Resources Limited (SGX:EB5) On Your Watch List?

Insufficient new directors

First Resources (SGX:EB5) Hasn't Managed To Accelerate Its Returns

First Resources Limited Approves Final Dividend for the Year Ended 31 December 2021, Payable on May 19, 2022

Upcoming dividend of S$0.051 per share

First Resources' (SGX:EB5) Dividend Will Be Increased To S$0.051

Full year 2021 earnings: EPS and revenues exceed analyst expectations

First Resources Limited, Annual General Meeting, Apr 28, 2022

First Resources' (SGX:EB5) Shareholders Will Receive A Bigger Dividend Than Last Year

I Ran A Stock Scan For Earnings Growth And First Resources (SGX:EB5) Passed With Ease

Investor sentiment improved over the past week

Investor sentiment improved over the past week

First Resources' (SGX:EB5) Shareholders Will Receive A Bigger Dividend Than Last Year

First Resources Limited Recommends A Final Tax- Exempt One-Tier Dividend for the Financial Year Ended 31 December 2021, Payable on 19 May 2022

Full year 2021 earnings: Revenues exceed analyst expectations

First Resources Limited to Report Q4, 2021 Results on Feb 25, 2022

We Like These Underlying Return On Capital Trends At First Resources (SGX:EB5)

Is Now An Opportune Moment To Examine First Resources Limited (SGX:EB5)?

Returns At First Resources (SGX:EB5) Are On The Way Up

Here's Why First Resources (SGX:EB5) Can Manage Its Debt Responsibly

First Resources' (SGX:EB5) Shareholders Will Receive A Bigger Dividend Than Last Year

Upcoming dividend of S$0.013 per share

First Resources' (SGX:EB5) Dividend Will Be Increased To S$0.013

First Resources (SGX:EB5) Has More To Do To Multiply In Value Going Forward

First Resources Limited Approves Payment of One-Tier, Tax Exempt Final Dividend for the Year Ended 31 December 2020

Independent Director has left the company