First Resources Ltd
SGX:EB5

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First Resources Ltd Logo
First Resources Ltd
SGX:EB5
Watchlist
Price: 2.18 SGD 6.34% Market Closed
Market Cap: 3.5B SGD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+9%
5Y
+109%
10Y
+132%
Operating Income
+
3Y
+9%
5Y
+137%
10Y
+64%
Net Income
+
3Y
+13%
5Y
+194%
10Y
+92%

Earnings Waterfall
First Resources Ltd

Revenue
1.3B USD
Cost of Revenue
-752.5m USD
Gross Profit
502.9m USD
Operating Expenses
-102.8m USD
Operating Income
400.2m USD
Other Expenses
-109.1m USD
Net Income
291.1m USD

Income Statement
First Resources Ltd

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Income Statement
Currency: USD
Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Jun-2020 Dec-2020 Jun-2021 Dec-2021 Jun-2022 Dec-2022 Jun-2023 Dec-2023 Jun-2024 Dec-2024 Jun-2025
Revenue
Interest Expense
(10)
0
0
0
(9)
0
0
0
(5)
0
0
0
(5)
0
0
0
0
0
0
0
22
0
0
0
22
0
0
0
20
0
0
0
25
0
0
0
26
0
0
0
23
0
0
0
19
0
0
0
18
9
17
16
15
12
11
10
8
9
13
0
Revenue
184
N/A
182
-1%
212
+17%
282
+33%
289
+3%
249
-14%
224
-10%
218
-3%
219
+0%
250
+14%
256
+3%
281
+10%
330
+17%
357
+8%
397
+11%
454
+14%
495
+9%
569
+15%
621
+9%
628
+1%
603
-4%
613
+2%
580
-5%
581
+0%
627
+8%
630
+1%
622
-1%
618
-1%
616
0%
534
-13%
541
+1%
500
-8%
454
-9%
471
+4%
487
+4%
531
+9%
575
+8%
656
+14%
655
0%
641
-2%
647
+1%
588
-9%
635
+8%
669
+5%
633
-5%
647
+2%
610
-6%
576
-6%
615
+7%
600
-2%
660
+10%
795
+20%
1 032
+30%
1 155
+12%
1 225
+6%
1 139
-7%
981
-14%
989
+1%
1 039
+5%
1 255
+21%
Gross Profit
Cost of Revenue
(84)
(68)
(68)
(90)
(96)
(93)
(90)
(90)
(88)
(96)
(98)
(101)
(118)
(119)
(122)
(144)
(149)
(192)
(230)
(226)
(257)
(220)
(203)
(216)
(265)
(278)
(281)
(288)
(299)
(232)
(244)
(223)
(234)
(257)
(273)
(302)
(328)
(332)
(330)
(325)
(362)
(310)
(336)
(357)
(376)
(394)
(388)
(375)
(388)
(352)
(396)
(525)
(726)
(715)
(699)
(701)
(665)
(644)
(633)
(752)
Gross Profit
101
N/A
114
+13%
144
+26%
191
+33%
194
+1%
155
-20%
134
-14%
128
-4%
130
+1%
154
+18%
159
+3%
180
+14%
212
+18%
237
+12%
275
+16%
311
+13%
346
+11%
377
+9%
391
+4%
402
+3%
347
-14%
393
+13%
377
-4%
366
-3%
362
-1%
351
-3%
341
-3%
330
-3%
317
-4%
302
-5%
296
-2%
276
-7%
220
-20%
213
-3%
214
+1%
229
+7%
247
+8%
324
+31%
325
+0%
316
-3%
285
-10%
278
-2%
299
+8%
311
+4%
257
-17%
254
-1%
222
-13%
202
-9%
227
+13%
248
+9%
264
+7%
270
+2%
307
+13%
439
+43%
526
+20%
438
-17%
316
-28%
345
+9%
406
+18%
503
+24%
Operating Income
Operating Expenses
(10)
(13)
(26)
(33)
(27)
(25)
15
19
(17)
27
22
25
(25)
17
0
(15)
(75)
(44)
(46)
(46)
(49)
(47)
(40)
(38)
(50)
(38)
(33)
(29)
(48)
(50)
(53)
(55)
(51)
(68)
(71)
(72)
(53)
(61)
(60)
(62)
(56)
(80)
(87)
(92)
(67)
(89)
(86)
(83)
(80)
(79)
(78)
(102)
(78)
(73)
(97)
(107)
(116)
(111)
(91)
(103)
Selling, General & Administrative
(11)
(14)
(21)
(29)
(29)
(25)
(19)
(15)
(15)
(16)
(17)
(17)
(22)
(31)
(48)
(62)
(71)
(82)
(84)
(84)
(44)
(81)
(74)
(72)
(45)
(66)
(61)
(57)
(42)
(50)
(53)
(55)
(45)
(67)
(71)
(71)
(47)
(73)
(72)
(73)
(50)
(76)
(82)
(88)
(61)
(83)
(81)
(77)
(77)
(78)
(79)
(104)
(83)
(85)
(90)
(96)
(95)
(92)
(86)
(99)
Depreciation & Amortization
0
0
0
0
0
0
0
0
(1)
0
0
0
(1)
0
0
0
(2)
0
0
0
(4)
0
0
0
(4)
0
0
0
(5)
0
0
0
(4)
0
0
0
(4)
0
0
0
(4)
0
0
0
(3)
0
0
0
(3)
(0)
(3)
(0)
(3)
(1)
(2)
(1)
(2)
(1)
(2)
(1)
Other Operating Expenses
0
1
(5)
(5)
2
(1)
34
34
(1)
43
38
42
(2)
48
48
48
(2)
38
38
38
(2)
34
34
34
(2)
28
28
28
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
12
12
12
(2)
(4)
(4)
(5)
(2)
(6)
(5)
(5)
(1)
(1)
3
2
8
12
(5)
(10)
(19)
(18)
(3)
(3)
Operating Income
91
N/A
101
+12%
119
+18%
158
+33%
167
+6%
130
-22%
150
+15%
147
-2%
114
-23%
180
+58%
180
N/A
205
+13%
188
-8%
255
+36%
276
+8%
296
+7%
271
-8%
333
+23%
345
+4%
355
+3%
297
-16%
346
+16%
337
-3%
328
-3%
311
-5%
314
+1%
308
-2%
301
-2%
269
-11%
252
-6%
244
-3%
222
-9%
169
-24%
145
-14%
143
-2%
157
+10%
195
+24%
263
+35%
265
+1%
255
-4%
229
-10%
198
-14%
213
+7%
220
+3%
191
-13%
165
-13%
135
-18%
119
-12%
147
+24%
169
+15%
186
+10%
168
-10%
229
+36%
366
+60%
429
+17%
331
-23%
199
-40%
234
+17%
314
+34%
400
+27%
Pre-Tax Income
Interest Income Expense
(11)
(5)
(11)
(18)
(37)
(42)
(21)
(11)
8
19
(4)
(14)
(26)
(34)
(20)
(16)
(30)
(29)
(26)
(27)
(10)
(7)
(18)
(31)
(27)
(24)
(22)
(14)
(18)
(21)
(21)
(25)
(23)
(24)
(22)
(20)
(24)
(21)
(22)
(19)
(16)
(14)
(9)
(7)
(8)
(11)
(14)
(16)
(22)
(22)
(33)
(21)
(2)
(5)
8
(3)
(3)
5
(5)
(14)
Non-Reccuring Items
17
18
0
0
39
35
0
0
44
0
0
0
50
0
0
0
39
0
0
0
36
0
0
0
30
0
0
0
2
0
0
0
1
0
0
0
13
0
0
0
(2)
0
0
0
(3)
0
0
0
8
4
4
7
16
1
(11)
6
(1)
11
23
2
Total Other Income
(0)
(1)
(1)
(0)
0
2
3
3
(1)
(0)
(1)
(1)
1
1
1
0
1
2
2
2
3
1
1
0
0
2
(1)
1
(1)
(3)
(1)
(2)
(2)
(1)
(2)
(2)
(1)
(1)
(0)
(0)
(2)
(3)
(2)
(2)
2
3
3
3
(2)
(3)
(0)
2
3
2
2
7
2
(8)
(2)
8
Pre-Tax Income
97
N/A
114
+17%
108
-5%
140
+30%
169
+20%
125
-26%
131
+5%
139
+6%
165
+19%
198
+20%
175
-11%
189
+8%
213
+13%
221
+4%
256
+16%
280
+9%
282
+1%
305
+8%
321
+5%
331
+3%
326
-1%
341
+4%
320
-6%
297
-7%
314
+5%
292
-7%
286
-2%
287
+1%
252
-12%
227
-10%
222
-2%
196
-12%
145
-26%
120
-17%
120
0%
136
+14%
183
+34%
242
+32%
243
+0%
236
-3%
209
-11%
181
-13%
202
+11%
210
+4%
181
-14%
158
-13%
124
-21%
105
-15%
131
+24%
148
+13%
157
+6%
156
-1%
246
+58%
363
+48%
428
+18%
341
-20%
197
-42%
242
+23%
330
+37%
396
+20%
Net Income
Tax Provision
(29)
(34)
(33)
(44)
(49)
(38)
(35)
(36)
(46)
(52)
(50)
(52)
(62)
(65)
(73)
(81)
(76)
(80)
(82)
(78)
(78)
(78)
(72)
(63)
(68)
(64)
(69)
(79)
(71)
(68)
(65)
(54)
(45)
(40)
(38)
(46)
(51)
(65)
(69)
(66)
(64)
(57)
(64)
(65)
(53)
(47)
(34)
(27)
(38)
(44)
(49)
(55)
(70)
(89)
(88)
(65)
(45)
(55)
(72)
(89)
Income from Continuing Operations
68
80
75
96
120
87
96
103
119
146
126
137
151
157
184
199
206
225
239
253
248
262
248
234
246
228
216
208
181
159
158
142
100
80
82
90
132
177
174
170
145
124
138
145
128
111
90
78
93
104
107
101
176
275
339
276
152
187
258
306
Income to Minority Interest
(21)
(15)
(6)
(7)
(6)
(4)
(5)
(6)
(6)
(8)
(7)
(8)
(8)
(9)
(9)
(10)
(10)
(10)
(11)
(11)
(11)
(11)
(9)
(8)
(8)
(8)
(8)
(9)
(7)
(6)
(6)
(5)
(4)
(3)
(4)
(5)
(6)
(9)
(9)
(8)
(8)
(7)
(8)
(8)
(8)
(6)
(5)
(4)
(4)
(5)
(8)
(12)
(15)
(18)
(14)
(8)
(7)
(9)
(12)
(15)
Net Income (Common)
47
N/A
65
+37%
69
+6%
89
+30%
114
+27%
83
-27%
91
+9%
97
+6%
112
+16%
138
+23%
119
-14%
130
+9%
143
+11%
148
+4%
175
+18%
189
+8%
196
+4%
215
+9%
229
+7%
242
+6%
237
-2%
252
+6%
239
-5%
226
-5%
238
+5%
220
-8%
208
-5%
200
-4%
173
-13%
153
-12%
152
-1%
137
-10%
96
-30%
77
-20%
78
+1%
85
+10%
125
+47%
169
+34%
166
-2%
162
-2%
138
-15%
117
-15%
130
+11%
137
+5%
120
-12%
105
-13%
86
-18%
74
-13%
89
+20%
99
+11%
100
+1%
89
-11%
161
+81%
257
+59%
325
+27%
269
-17%
145
-46%
178
+22%
246
+38%
291
+18%
EPS (Diluted)
0.03
N/A
0.04
+33%
0.04
N/A
0.05
+25%
0.08
+60%
0.04
-50%
0.05
+25%
0.06
+20%
0.08
+33%
0.1
+25%
0.09
-10%
0.1
+11%
0.1
N/A
0.11
+10%
0.12
+9%
0.12
N/A
0.13
+8%
0.13
N/A
0.14
+8%
0.15
+7%
0.15
N/A
0.16
+7%
0.15
-6%
0.14
-7%
0.15
+7%
0.13
-13%
0.13
N/A
0.13
N/A
0.11
-15%
0.11
N/A
0.11
N/A
0.1
-9%
0.06
-40%
0.05
-17%
0.05
N/A
0.05
N/A
0.08
+60%
0.11
+38%
0.1
-9%
0.1
N/A
0.09
-10%
0.07
-22%
0.08
+14%
0.08
N/A
0.08
N/A
0.06
-25%
0.05
-17%
0.05
N/A
0.06
+20%
0.06
N/A
0.06
N/A
0.06
N/A
0.1
+67%
0.16
+60%
0.21
+31%
0.17
-19%
0.09
-47%
0.11
+22%
0.16
+45%
0.19
+19%

See Also

Summary
EB5 intrinsic value, competitors valuation, and company profile.
DCF Valuation
EB5 stock valuation using Discount Cash Flow valuation method.
Relative Valuation
EB5 stock valuation using valuation multiples.
Wall Street Estimates
EB5 price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
EB5 stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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