First Resources Ltd
SGX:EB5

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First Resources Ltd
SGX:EB5
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Price: 2.26 SGD -0.88% Market Closed
Market Cap: S$3.6B

Gross Margin

40.1%
Current
Improving
by 3.1%
vs 3-y average of 36.9%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
40.1%
=
Gross Profit
$502.9m
/
Revenue
$1.3B

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
40.1%
=
Gross Profit
S$502.9m
/
Revenue
$1.3B

Peer Comparison

Country Company Market Cap Gross
Margin
SG
First Resources Ltd
SGX:EB5
3.5B SGD
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US
Archer-Daniels-Midland Co
XETRA:ADM
27.8B EUR
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US
Bunge Ltd
NYSE:BG
23.1B USD
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SG
Wilmar International Ltd
SGX:F34
22.1B SGD
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CN
Tongwei Co Ltd
SSE:600438
81.1B CNY
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MY
Sime Darby Plantation Bhd
KLSE:SIMEPLT
40.2B MYR
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US
Darling Ingredients Inc
NYSE:DAR
8B USD
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US
Ingredion Inc
NYSE:INGR
7.3B USD
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MY
IOI Corporation Bhd
KLSE:IOICORP
24.6B MYR
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MY
Kuala Lumpur Kepong Bhd
KLSE:KLK
22.1B MYR
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CN
New Hope Liuhe Co Ltd
SZSE:000876
38.6B CNY
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Market Distribution

In line with most companies in Singapore
Percentile
66th
Based on 977 companies
66th percentile
40.1%
Low
-1 390 526.2% — 14.7%
Typical Range
14.7% — 43.4%
High
43.4% — 515 258.2%
Distribution Statistics
Singapore
Min -1 390 526.2%
30th Percentile 14.7%
Median 28.1%
70th Percentile 43.4%
Max 515 258.2%

First Resources Ltd
Glance View

First Resources Ltd. stands as a front-runner in the palm oil industry, navigating the complex landscape of agribusiness with astute precision. Founded in 1992, the Singapore-listed company has grown its footprint across Indonesia, capitalizing on the region’s favorable tropical climate and vast expanses of arable land. The company specializes in the cultivation of oil palm trees and the extraction and refining of crude palm oil (CPO) and palm kernel into value-added products. By efficiently managing over 210,000 hectares of planted palm oil plantations, First Resources has structured its operations to maximize yield and optimize the cost-efficiency of its production processes through advanced agronomy methods and sustainable practices. Revenue generation for First Resources hinges on its ability to supply a diverse range of customers, from consumer goods companies to the renewable energy sector, both of which have seen an increasing demand for palm oil-derived products in recent years. The company has tactically integrated its operations, from plantation and milling to refining and processing, allowing it to capture value at every stage of the palm oil supply chain. Moreover, by leveraging modern technology and a comprehensive distribution network, First Resources ensures its products meet stringent quality and sustainability standards, serving not only to satisfy global market needs but also to comply with evolving environmental regulations. As a result, First Resources effectively positions itself to maintain robust financial performance while navigating the volatile commodity markets.

EB5 Intrinsic Value
1.98 SGD
Overvaluation 13%
Intrinsic Value
Price
What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
40.1%
=
Gross Profit
$502.9m
/
Revenue
$1.3B
What is First Resources Ltd's current Gross Margin?

The current Gross Margin for First Resources Ltd is 40.1%, which is above its 3-year median of 36.9%.

How has Gross Margin changed over time?

Over the last 3 years, First Resources Ltd’s Gross Margin has increased from 38% to 40.1%. During this period, it reached a low of 32.2% on Dec 31, 2023 and a high of 42.9% on Dec 31, 2022.

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