Golden Agri-Resources Ltd
E5H.SI : Singapore Exchange
0.275
+1.85%
Share Price in SGD. As of 26 Jul 17:04:43 SGT
All
Chart
Key stats
- 52-Week HighSGD 0.285
- 52-Week LowSGD 0.240
- Market CapSGD 3.5B
- Avg Volume3.1M
- P/E Ratio (TTM)13.75
- Forward Dividend Yield5.8%
Share Price Performance
| E5H.SI | Market
| |
|---|---|---|
| 1 Day | 0.00% | 0.24% |
| 5 Day | 0.00% | -0.31% |
| 1 Month | 0.00% | 2.84% |
| 6 Month | 3.77% | 8.45% |
| YTD | 3.77% | 6.08% |
| 1 Year | 3.77% | 6.50% |
| 5 Year | 22.22% | 9.82% |
Market Analysis
Consensus Share Price Target
Price Target: $0.278
Source: SGX as of 27 Jul 2024
Analyst Ratings
RHB Invest
11 Jan 2024
Buy
0.300
Valuation
Price to earnings (P/E) ratio
6.9
13.6
Golden Agri-Resources Ltd's current P/E ratio of 6.9x is lower than its historical average P/E ratio of 13.6x.
Price to book (P/B) ratio
0.7
0.5
Golden Agri-Resources Ltd's current P/B ratio of 0.7x is higher than its historical average P/B ratio of 0.5x.
Earnings
Earnings Highlights
First Quarter 2024 Results Summary
Revenue: SGD 2.56B
Increased 1% Year-on-Year
Expanded sales volume offset the 8% year-on-year decline in CPO prices
Net Profit: SGD 37M
Decreased 60% Year-on-Year
Decline primarily caused by a foreign exchange loss compared to a gain recorded in the first quarter last year, higher interest expenses, and seasonality of general and administrative expenses that occurred in the first quarter of this year, as opposed to the second quarter in the previous year.
Return on Equity (ROE): 3%
Debt to Equity Ratio: 56%
Decreased 5% Year-on-Year
Reduced debts and higher total equity
Outlook
Palm oil availability was notably constrained in the first quarter of 2024, primarily due to a combination of low seasonal yields and the effect of the El Niño phenomenon encountered in the third quarter of 2023. While supply constraints will gradually ease in the coming quarters, the growth prospect is expected to be limited. Moreover, the ongoing escalation of geopolitical tensions and climate fluctuations across various regions will sustain uncertainties within the vegetable oil sector. This is expected to support CPO prices for the remainder of the year.
Sources: Golden Agri-Resources Ltd Financial Report
Earnings per share (EPS)
The latest earnings per share is $0.02, which is lower than the earnings per share of $0.09 in 2022.
Financials
Financial Statements
| 15 May 2024 | For period ending 31 Mar 2024 |
| 28 Feb 2024 | For period ending 31 Dec 2023 |
| 14 Nov 2023 | For period ending 30 Sep 2023 |
| 14 Aug 2023 | For period ending 30 Jun 2023 |
Annual Reports
| 31 May 2024 | For period ending 31 Dec 2023 |
| 02 Apr 2024 | For period ending 31 Dec 2023 |