GOLDEN AGRI-RESOURCES LTD |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.27 SGD | 0.00% |
|
0.00% | +3.85% |
| Apr. 23 | Golden Agri-Resources Ltd Approves Final Dividend for the Fiscal Year Ended December 31, 2023 | CI |
| Apr. 23 | Golden Agri-Resources Ltd Reports Production Results for the Fiscal Year 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,224 | 1,528 | 2,305 | 2,366 | 2,500 | 2,513 | - | - |
| Enterprise Value (EV) 1 | 4,583 | 4,228 | 4,684 | 2,366 | 2,500 | 5,155 | 5,004 | 6,426 |
| P/E ratio | 11.5 x | 48.2 x | 4.84 x | 3.02 x | 12.6 x | 4.54 x | 5.18 x | 10.9 x |
| Yield | 2.38% | 3.02% | 6.52% | - | - | 3.45% | 3.96% | 4.8% |
| Capitalization / Revenue | 0.35 x | 0.22 x | 0.23 x | 0.21 x | 0.26 x | 0.23 x | 0.24 x | 0.25 x |
| EV / Revenue | 0.71 x | 0.6 x | 0.46 x | 0.21 x | 0.26 x | 0.48 x | 0.48 x | 0.65 x |
| EV / EBITDA | 6.58 x | 6.32 x | 3.86 x | 1.3 x | 2.54 x | 3.81 x | 3.7 x | 5.22 x |
| EV / FCF | 51.5 x | 7.58 x | 13.1 x | - | - | 24.2 x | 11.9 x | 14.6 x |
| FCF Yield | 1.94% | 13.2% | 7.65% | - | - | 4.13% | 8.41% | 6.85% |
| Price to Book | 0.5 x | 0.34 x | 0.49 x | - | - | 0.48 x | 0.46 x | 0.42 x |
| Nbr of stocks (in thousands) | 12,734,756 | 12,692,073 | 12,692,073 | 12,681,673 | 12,681,673 | 12,681,673 | - | - |
| Reference price 2 | 0.1746 | 0.1204 | 0.1816 | 0.1866 | 0.1971 | 0.1981 | 0.1981 | 0.1981 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/28/22 | 2/27/23 | 2/27/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,432 | 7,078 | 10,183 | 11,439 | 9,756 | 10,731 | 10,456 | 9,941 |
| EBITDA 1 | 696.7 | 669 | 1,214 | 1,826 | 985.6 | 1,353 | 1,353 | 1,231 |
| EBIT 1 | 384.9 | 339.6 | 849.1 | 1,428 | 613 | 1,009 | 1,015 | 900.8 |
| Operating Margin | 5.98% | 4.8% | 8.34% | 12.49% | 6.28% | 9.4% | 9.71% | 9.06% |
| Earnings before Tax (EBT) 1 | 260.2 | 178.7 | 725.5 | 1,235 | 379.3 | 898.4 | 892.8 | 782.7 |
| Net income 1 | 194 | 31.76 | 476.2 | 782.1 | 197.6 | 469.8 | 451.4 | 346.4 |
| Net margin | 3.02% | 0.45% | 4.68% | 6.84% | 2.03% | 4.38% | 4.32% | 3.48% |
| EPS 2 | 0.0152 | 0.002500 | 0.0375 | 0.0617 | 0.0156 | 0.0437 | 0.0382 | 0.0181 |
| Free Cash Flow 1 | 88.96 | 557.5 | 358.4 | - | - | 213 | 421 | 440 |
| FCF margin | 1.38% | 7.88% | 3.52% | - | - | 1.98% | 4.03% | 4.43% |
| FCF Conversion (EBITDA) | 12.77% | 83.33% | 29.53% | - | - | 15.74% | 31.12% | 35.74% |
| FCF Conversion (Net income) | 45.86% | 1,755.62% | 75.28% | - | - | 45.34% | 93.26% | 127.04% |
| Dividend per Share 2 | 0.004160 | 0.003640 | 0.0118 | - | - | 0.006840 | 0.007850 | 0.009510 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/28/22 | 2/27/23 | 2/27/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | - | 2,700 | - | 3,080 | 2,869 | 2,447 | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | 486.1 | - | - | - | - | - | - | - |
| EBIT | - | - | 372 | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | 13.78% | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | 191 | - | - | 544.9 | - | - | - | - | - | - | - |
| Net income 1 | - | - | 188 | - | 285 | 107.1 | 68 | -52.4 | 121.8 | 127.3 | 155 | 149.5 | 106.7 |
| Net margin | - | - | 6.96% | - | 9.25% | 3.73% | 2.78% | - | - | - | - | - | - |
| EPS 2 | - | - | - | - | - | - | - | -0.006920 | 0.009610 | 0.0100 | 0.0122 | 0.0118 | 0.008410 |
| Dividend per Share 2 | - | 0.007940 | - | 0.0100 | - | - | - | - | - | - | - | 0.006200 | - |
| Announcement Date | 11/11/21 | 2/28/22 | 5/12/22 | 8/12/22 | 11/14/22 | 2/27/23 | 11/14/23 | 2/27/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,359 | 2,700 | 2,379 | - | - | 2,642 | 2,492 | 3,913 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.387 x | 4.036 x | 1.959 x | - | - | 1.953 x | 1.842 x | 3.178 x |
| Free Cash Flow 1 | 89 | 557 | 358 | - | - | 213 | 421 | 440 |
| ROE (net income / shareholders' equity) | 6.38% | 0.74% | 13.5% | - | - | 13.1% | 12.2% | 10.4% |
| ROA (Net income/ Total Assets) | 3.14% | 2.57% | 6.44% | - | - | 4.8% | 5% | 5.2% |
| Assets 1 | 6,178 | 1,235 | 7,399 | - | - | 9,788 | 9,028 | 6,661 |
| Book Value Per Share 2 | 0.3500 | 0.3500 | 0.3700 | - | - | 0.4100 | 0.4300 | 0.4700 |
| Cash Flow per Share 2 | - | - | 0.0400 | - | - | - | 0.1000 | - |
| Capex 1 | 282 | 186 | 204 | - | - | 277 | 281 | 282 |
| Capex / Sales | 4.39% | 2.62% | 2% | - | - | 2.58% | 2.68% | 2.84% |
| Announcement Date | 2/27/20 | 2/25/21 | 2/28/22 | 2/27/23 | 2/27/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
0.1981
USD
Average target price
0.2123
USD
Spread / Average Target
+7.16%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.85% | 2.51B | |
| -0.67% | 6.43B | |
| +24.91% | 6.65B | |
| +39.89% | 2.17B | |
| -2.10% | 1.6B | |
| +17.72% | 1.04B | |
| +22.31% | 942M | |
| -7.83% | 768M | |
| +11.01% | 740M | |
| -5.00% | 673M |
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- Financials Golden Agri-Resources Ltd
