GOLDEN AGRI-RESOURCES LTD |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.275 SGD | 0.00% |
|
+1.85% | +5.77% |
| 05-15 | Golden Agri’s Attributable Profit Down 60% in Q1 | MT |
| 05-15 | Golden Agri-Resources Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024 | 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 | 2,567 | - | - |
| Enterprise Value (EV) 1 | 4,583 | 4,228 | 4,684 | 2,366 | 5,020 | 5,209 | 5,058 | 6,480 |
| P/E ratio | 11.5 x | 48.2 x | 4.84 x | 3.02 x | 12.6 x | 4.64 x | 5.29 x | 11.2 x |
| Yield | 2.38% | 3.02% | 6.52% | - | 2.31% | 3.38% | 3.35% | 4.46% |
| Capitalization / Revenue | 0.35 x | 0.22 x | 0.23 x | 0.21 x | 0.26 x | 0.28 x | 0.25 x | 0.26 x |
| EV / Revenue | 0.71 x | 0.6 x | 0.46 x | 0.21 x | 0.51 x | 0.57 x | 0.48 x | 0.65 x |
| EV / EBITDA | 6.58 x | 6.32 x | 3.86 x | 1.3 x | 5.09 x | 3.34 x | 3.78 x | 5.32 x |
| EV / FCF | 51.5 x | 7.58 x | 13.1 x | - | 20.9 x | 24.5 x | 12 x | 14.7 x |
| FCF Yield | 1.94% | 13.2% | 7.65% | - | 4.77% | 4.09% | 8.32% | 6.79% |
| Price to Book | 0.5 x | 0.34 x | 0.49 x | - | 0.51 x | 0.49 x | 0.47 x | 0.43 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 | 0.2024 | 0.2024 | 0.2024 |
| Announcement Date | 27/02/20 | 25/02/21 | 28/02/22 | 27/02/23 | 27/02/24 | - | - | - |
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 | 9,162 | 10,451 | 9,937 |
| EBITDA 1 | 696.7 | 669 | 1,214 | 1,826 | 985.6 | 1,560 | 1,340 | 1,218 |
| EBIT 1 | 384.9 | 339.6 | 849.1 | 1,428 | 613 | 1,194 | 1,002 | 888.2 |
| Operating Margin | 5.98% | 4.8% | 8.34% | 12.49% | 6.28% | 13.03% | 9.59% | 8.94% |
| Earnings before Tax (EBT) 1 | 260.2 | 178.7 | 725.5 | 1,235 | 379.3 | 1,127 | 879.1 | 769.4 |
| 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% | 5.13% | 4.32% | 3.49% |
| 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 | - | 239.6 | 213 | 421 | 440 |
| FCF margin | 1.38% | 7.88% | 3.52% | - | 2.46% | 2.32% | 4.03% | 4.43% |
| FCF Conversion (EBITDA) | 12.77% | 83.33% | 29.53% | - | 24.31% | 13.65% | 31.43% | 36.11% |
| FCF Conversion (Net income) | 45.86% | 1,755.62% | 75.28% | - | 121.27% | 45.34% | 93.26% | 127.04% |
| Dividend per Share 2 | 0.004160 | 0.003640 | 0.0118 | - | 0.004550 | 0.006840 | 0.006770 | 0.009020 |
| Announcement Date | 27/02/20 | 25/02/21 | 28/02/22 | 27/02/23 | 27/02/24 | - | - | - |
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 | 37 | 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 | - | - | - | 0.004560 | - | - | - | 0.006200 | - |
| Announcement Date | 11/11/21 | 28/02/22 | 12/05/22 | 12/08/22 | 14/11/22 | 27/02/23 | 14/11/23 | 27/02/24 | 14/05/24 | - | - | - | - |
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 | - | 2,520 | 2,642 | 2,492 | 3,913 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.387 x | 4.036 x | 1.959 x | - | 2.557 x | 1.694 x | 1.86 x | 3.211 x |
| Free Cash Flow 1 | 89 | 557 | 358 | - | 240 | 213 | 421 | 440 |
| ROE (net income / shareholders' equity) | 6.38% | 0.74% | 13.5% | - | 6.6% | 19.9% | 12.1% | 10.3% |
| ROA (Net income/ Total Assets) | 3.14% | 2.57% | 6.44% | - | 3.34% | 4.8% | 5% | 5.2% |
| Assets 1 | 6,178 | 1,235 | 7,399 | - | 5,918 | 9,788 | 9,028 | 6,661 |
| Book Value Per Share 2 | 0.3500 | 0.3500 | 0.3700 | - | 0.3900 | 0.4100 | 0.4300 | 0.4700 |
| Cash Flow per Share 2 | - | - | 0.0400 | - | 0.0400 | - | 0.1000 | - |
| Capex 1 | 282 | 186 | 204 | - | 315 | 277 | 281 | 282 |
| Capex / Sales | 4.39% | 2.62% | 2% | - | 3.23% | 3.03% | 2.69% | 2.84% |
| Announcement Date | 27/02/20 | 25/02/21 | 28/02/22 | 27/02/23 | 27/02/24 | - | - | - |
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
0.2024
USD
Average target price
0.2047
USD
Spread / Average Target
+1.13%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.77% | 2.57B | |
| +35.68% | 7.5B | |
| -4.48% | 6.24B | |
| -5.85% | 4.91B | |
| +35.28% | 2.11B | |
| -1.40% | 1.6B | |
| +14.45% | 1.01B | |
| +16.53% | 889M | |
| +1.83% | 679M | |
| -9.05% | 659M |
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- Financials Golden Agri-Resources Ltd
