First Resources (SGX:EB5) - Stock Price, News & Analysis

EB5 Stock Overview

An investment holding company, engages in the palm oil production activities in Singapore, Indonesia, Europe, China, and internationally.

About the company

EB5 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	2/6
Financial Health	6/6
Dividends	3/6

Rewards

Trading at 74.8% below our estimate of its fair value

Risk Analysis

Earnings are forecast to decline by an average of 0.2% per year for the next 3 years

Dividend of 4.73% is not well covered by free cash flows

First Resources Limited Competitors

Golden Agri-Resources

SGX:E5H

S$3.4b

Bumitama Agri

SGX:P8Z

S$1.2b

Wilmar International

SGX:F34

S$19.8b

Fraser and Neave

SGX:F99

S$1.8b

Price History & Performance

Summary of all time highs, changes and price drops for First Resources
Historical stock prices
Current Share Price	S$1.50
52 Week High	S$1.60
52 Week Low	S$1.32
Beta	0.51
11 Month Change	2.74%
3 Month Change	7.14%
1 Year Change	0%
33 Year Change	2.04%
5 Year Change	3.45%
Change since IPO	22.95%

Recent updates

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

Aug 12

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

Jun 11

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

Apr 25

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

Mar 04

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

Jan 12

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

Nov 22

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

First Resources Limited's (SGX:EB5) Stock Is Going Strong: Have Financials A Role To Play?

Jan 28

First Resources Limited's (SGX:EB5) Intrinsic Value Is Potentially 76% Above Its Share Price

Jan 10

First Resources'(SGX:EB5) Share Price Is Down 34% Over The Past Five Years.

Dec 26

Why First Resources' (SGX:EB5) CEO Pay Matters

Dec 13

Shareholder Returns

	EB5	SG Food	SG Market
7D	4.2%	1.8%	1.4%
1Y	0%	-6.6%	2.7%

Return vs Industry: EB5 exceeded the SG Food industry which returned -6.6% over the past year.

Return vs Market: EB5 underperformed the SG Market which returned 2.7% over the past year.

Price Volatility

Is EB5's price volatile compared to industry and market?
EB5 volatility
EB5 Average Weekly Movement	2.9%
Food Industry Average Movement	3.1%
Market Average Movement	4.9%
10% most volatile stocks in SG Market	14.5%
10% least volatile stocks in SG Market	2.4%

Stable Share Price: EB5 has not had significant price volatility in the past 3 months.

Volatility Over Time: EB5's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1992	n/a	Ciliandra Fangiono	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 cultivation and maintenance of oil palm plantations; 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.

First Resources Limited Fundamentals Summary

How do First Resources's earnings and revenue compare to its market cap?
EB5 fundamental statistics
Market cap	S$2.29b
Earnings (TTM)	S$231.97m
Revenue (TTM)	S$1.29b

10.0x

P/E Ratio

1.8x

P/S Ratio

Is EB5 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
EB5 income statement (TTM)
Revenue	US$989.00m
Cost of Revenue	US$585.13m
Gross Profit	US$403.87m
Other Expenses	US$226.00m
Earnings	US$177.87m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Nov 14, 2024

Earnings per share (EPS)	0.11
Gross Margin	40.84%
Net Profit Margin	17.99%
Debt/Equity Ratio	15.2%

How did EB5 perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

48%

Payout Ratio

Does EB5 pay a reliable dividends?

See EB5 dividend history and benchmarks

When do you need to buy EB5 by to receive an upcoming dividend?
First Resources dividend dates
Ex Dividend Date	Aug 28 2024
Dividend Pay Date	Sep 12 2024
Days until Ex dividend	0 days
Days until Dividend pay date	15 days

Does EB5 pay a reliable dividends?

See EB5 dividend history and benchmarks

EB5 Stock Overview

Rewards

Risk Analysis

First Resources Limited Competitors

SGX:E5H

S$3.4b

SGX:P8Z

S$1.2b

SGX:F34

S$19.8b

SGX:F99

S$1.8b

Price History & Performance

Recent News & Updates

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

Recent updates

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