First Resources Limited (EB5) Fair Value & Analysis
Consumer Defensive · SG · Market cap 5.3B SGD
Fair value as of: Jul 4, 2026
From 25 valuation models · updated 26 days ago
Share price +10.9% over the past month.
What matters now
- The model range is unusually wide (2.01 SGD to 5.97 SGD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Price vs Fair Value (12 months)
12‑month range 1.47 SGD – 3.90 SGD · fair‑value band 2.01 SGD – 5.97 SGD · the 3.45 SGD price screens above the 3.26 SGD fair value. As of Jul 4, 2026.
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First Resources Limited (EB5) currently trades at 3.45 SGD, while our model-based Fair Value estimate is 3.26 SGD, implying the stock looks roughly 5.5% fairly valued today. We read business quality at 70/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, First Resources Limited generated revenue of 1.7B SGD at a net margin of 21.3%. Revenue grew 47.4% year over year. It earns a return on equity of 23.7%. Net debt stands at 665M SGD. Fundamentals as of Jul 4, 2026
Our scenario range runs from 2.01 SGD (bear case) to 5.97 SGD (bull case); at 3.45 SGD, the current price sits within that range. The share trades about 13% below its 52-week high and 148% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -15% fair-value upside, at -6%, EB5 screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 4, 2026. TTM = trailing twelve months.
Quality Score breakdown
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
First Resources Limited, an investment holding company, engages in the palm oil production activities in Singapore, Indonesia, China, Malaysia, and internationally. The company operates in two segments, Plantations and Palm Oil Mills, and Refinery and Processing.
Full company description
First Resources Limited, an investment holding company, engages in the palm oil production activities in Singapore, Indonesia, China, Malaysia, and internationally. The company operates in two segments, Plantations and Palm Oil Mills, and Refinery and Processing. It is involved in cultivation and maintenance of oil palm plantations, and operation of palm oil mills. The company also engages in harvesting and milling fresh fruit bunches into crude palm oil (CPO) and palm kernel (PK) products; and processing CPO and PK into higher value palm-based products, such as biodiesel; refined, bleached, and deodorized (RBD) olein; RBD stearin; palm fatty acid distillate; and palm kernel oil and expeller. In addition, it is involved in marketing and distribution of palm oil products; oil palm seed breeding; palm oil refining and palm kernel crushing; sago and edamame plantation; renewable energy; provision of consumer products; and aircraft ownership and management activities. First Resources Limited was founded in 1992 and is based in Singapore. First Resources Limited is a subsidiary of Eight Capital Inc.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
First Resources Limited reported revenue of 1.7B SGD in FY2025 versus 1.0B SGD in FY2021, a compound +12.6%/yr. Reported net income was 354M SGD in FY2025, compounding +21.7%/yr from FY2021.
Is EB5 fairly valued? → Check now
Recent news
- Should You Be Adding First Resources (SGX:EB5) To Your Watchlist Today?
- First Resources Limited's (SGX:EB5) Stock Is Going Strong: Is the Market Following Fundamentals?
- First Resources' (SGX:EB5) investors will be pleased with their solid 117% return over the last five years
- First Resources Limited's (SGX:EB5) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nestlé India Limited NESTLEIND | ₹1,402 | ₹362.37 | -74% |
| Uni-President Enterprises Corp 1216 | 73.80 TWD | 61.57 TWD | -17% |
| Britannia Industries Limited BRITANNIA | ₹5,218 | ₹3,567 | -32% |
| Tata Consumer Products Limited TATACONSUM | ₹1,108 | ₹328.05 | -70% |
| PT Indofood CBP Sukses Makmur Tbk ICBP | 6,600 IDR | 14,500 IDR | +120% |
| PT Indofood Sukses Makmur Tbk INDF | 6,725 IDR | 25,554 IDR | +280% |
| Samyang Foods Co 003230 | 1,000,000 KRW | 1,066,643 KRW | +7% |
| Patanjali Foods Limited PATANJALI | ₹419.60 | ₹156.15 | -63% |
| Vietnam Dairy Products Joint Stock Company VNM | 60,798 VND | 51,518 VND | -15% |
| PT Mayora Indah Tbk, MYOR | 1,600 IDR | 2,175 IDR | +36% |
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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.
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