Intrinsic Value

The intrinsic value of First Resources Ltd (EB5) under the Base Case is 1.95 SGD per share. Compared with the current market price of 4.22 SGD, the stock appears Overvalued by 54% .

The intrinsic value is calculated using the DCF method. The model assumes revenue grows about -1% a year over the next five years, less than a third of its five-year pace of 20%. Net margin ends at 23% by 2031, above its five-year average of 20%.

Do our valuations actually work? See backtest results .

EB5 Intrinsic Value
S$1.95
Overvaluation 54%
Intrinsic Value
Price S$4.22

EB5 is more expensive than usual. It was this expensive or more expensive on just 3% of days in the past 5 years.

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20% below Intrinsic Value S$1.56
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Current Price S$4.22
Intrinsic Value S$1.95
Margin of Safety 20% S$1.56
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Fundamental Analysis

What First Resources Does

Food Products Consumer Staples

First Resources Ltd is a palm oil company that grows oil palm trees, harvests fresh fruit bunches, and processes them into crude palm oil, palm kernel, and related products. It also produces downstream products such as refined oils and fats used in food, consumer goods, and industrial applications. Its business sits in the middle of the palm oil supply chain: it turns farm output into ingredients that other manufacturers buy and use.

Headquarters
Singapore SG
Employees
18 000
IPO date
Dec 10, 2007
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Financials
Efficiency

Earnings Waterfall
First Resources Ltd

Wall St Price Targets

Capital Returns

Competitive Landscape

What is the Intrinsic Value of one EB5 stock?

The intrinsic value for First Resources Ltd (EB5) under the Base Case is 1.95 SGD.

Is EB5 stock undervalued or overvalued?

Compared with the current market price of 4.22 SGD, the stock appears Overvalued by 54% .

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