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Kencana Agri Limited (BNE) Fair Value & Analysis

Consumer Defensive · SG · Market cap 123M SGD

KA Kencana Agri Limited BNE · SG
Price0.4400 SGD
Fair Value1.35 SGD
Upside+206.8%
Quality67/100
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Evidence: High Range 0.8800 SGD – 1.69 SGD

Fair value as of: Jul 4, 2026

From 26 valuation models · updated today

Share price −8.3% over the past month.

Price vs Fair Value (12 months)

0.5600 SGD 0.0808 SGD Fair Value 1.35 SGD Jul 2025 Jul 2026

12‑month range 0.0808 SGD – 0.5600 SGD · fair‑value band 0.8800 SGD – 1.69 SGD · the 0.4400 SGD price screens below the 1.35 SGD fair value. As of Jul 4, 2026.

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Analysis

Kencana Agri Limited (BNE) currently trades at 0.4400 SGD, while our model-based Fair Value estimate is 1.35 SGD — implying the stock looks roughly 206.8% undervalued today. We read business quality at 67/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Kencana Agri Limited generated revenue of 199M SGD at a net margin of 9.3%. Revenue grew 12.4% year over year. It earns a return on equity of 37.7%. Net debt stands at 137M SGD. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) 199M SGD
Revenue growth (YoY) +12.4%
Net margin 9.3%
Return on equity 37.7%
Free cash flow 46.7M SGD FY2025
P/E ratio 5.4
More key figures
Operating margin 18.3%
EPS (TTM) 0.0800 SGD
Dividend yield 2.8%
EPS growth (YoY) -23.9%
Net debt 137M SGD FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

Kencana Agri Limited, together with its subsidiaries, operates as a plantation company in Indonesia, Malaysia, and internationally. The company engages in the cultivation of oil palms; and processing of fresh fruit bunches into crude palm oil (CPO), crude palm kernel oil, palm kernel cake, and palm kernel, as well as provision of bulking services. It has oil palm plantations in Sumatra, Kalimantan, and Sulawesi regions of Indonesia. The company is also involved in the wholesale of plantation-related products; transportation and agribusiness. It markets and sells its products to trading companies, refineries, and oleochemical companies. Kencana Agri Limited was founded in 1996 and is based in Jakarta Barat, Indonesia. Kencana Agri Limited is a subsidiary of Kencana Holdings Pte. Ltd.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kencana Agri Limited reported revenue of 199M SGD in FY2025 versus 128M SGD in FY2021, a compound +11.5%/yr. Reported net income was 18.4M SGD in FY2025, compounding +2.4%/yr from FY2021.

Revenue +11.5%/yr
FY21 128M SGD
FY22 153M SGD
FY23 136M SGD
FY24 154M SGD
FY25 199M SGD
Net income +2.4%/yr
FY21 16.8M SGD
FY22 2.6M SGD
FY23 −283K SGD
FY24 11.9M SGD
FY25 18.4M SGD

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Frequently asked questions

Is Kencana Agri Limited (BNE) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 1.35 SGD versus a price of 0.4400 SGD — about +207% (undervalued). Model-based estimate, not financial advice.
What is the fair value of BNE?
Our model-based fair value for Kencana Agri Limited is 1.35 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 0.4400 SGD.
What is the quality score of BNE?
Kencana Agri Limited has a Quality Score of 67/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Kencana Agri Limited (BNE)?
Kencana Agri Limited reported trailing-twelve-month revenue of about 199M SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of BNE?
The net profit margin of Kencana Agri Limited is about 9.3%, meaning it keeps roughly 9.3% of revenue as net income. Based on the latest reported figures.
Does Kencana Agri Limited pay a dividend?
Kencana Agri Limited currently shows a dividend yield of about 2.79% relative to its recent price (as of Jul 4, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.