First Resources Ltd
SGX:EB5
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P/B
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Valuation Scenarios
If P/B returns to its 3-Year Average (1.3), the stock would be worth S$1.68 (47% downside from current price).
| Scenario | P/B Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 2.5 | S$3.18 |
0%
|
| 3-Year Average | 1.3 | S$1.68 |
-47%
|
| 5-Year Average | 1.3 | S$1.68 |
-47%
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| Industry Average | 0.7 | S$0.94 |
-71%
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| Country Average | 1.2 | S$1.53 |
-52%
|
Forward P/B
Today’s price vs future total equity
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| SG |
|
First Resources Ltd
SGX:EB5
|
4.9B SGD | 2.5 | 11 | |
| US |
A
|
Archer-Daniels-Midland Co
XETRA:ADM
|
28.7B EUR | 1.5 | 31.1 | |
| US |
|
Bunge Ltd
NYSE:BG
|
24.5B USD | 1.5 | 30 | |
| SG |
|
Wilmar International Ltd
SGX:F34
|
24.4B SGD | 0.9 | 13.4 | |
| CN |
|
Tongwei Co Ltd
SSE:600438
|
83.2B CNY | 1.9 | -10 | |
| MY |
S
|
Sime Darby Plantation Bhd
KLSE:SIMEPLT
|
41.3B MYR | 2.1 | 22.2 | |
| US |
|
Darling Ingredients Inc
NYSE:DAR
|
9.6B USD | 2 | 153.5 | |
| US |
|
Ingredion Inc
NYSE:INGR
|
7.1B USD | 1.7 | 9.8 | |
| MY |
|
IOI Corporation Bhd
KLSE:IOICORP
|
26.6B MYR | 2.2 | 16.6 | |
| MY |
K
|
Kuala Lumpur Kepong Bhd
KLSE:KLK
|
23.1B MYR | 1.7 | 23.6 | |
| CN |
|
New Hope Liuhe Co Ltd
SZSE:000876
|
39.1B CNY | 1.5 | 39.3 |
Market Distribution
| Min | 0 |
| 30th Percentile | 0.8 |
| Median | 1.2 |
| 70th Percentile | 1.9 |
| Max | 474.4 |
Other Multiples
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.