First Resources Limited (FTROF) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of First Resources Limited $3.33, price $3.40, upside -2.1%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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First Resources Limited
FTROF · USNeutralThe stock looks roughly fairly valued with average quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $0.5021 – $3.55 · fair‑value band $1.43 – $6.09 · the $3.40 price screens above the $3.33 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Company profile
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.
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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.
Stock analysis
First Resources Limited (FTROF) currently trades at $3.40, while our model-based Fair Value estimate is $3.33, so the stock looks roughly fairly valued today (gap 2.1%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $4.43 per share, and 9 of the 26 models we run sit above the $3.40 price.
Bear case: the Asset-Based group reads lowest at $0.6700, and 17 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $1.43 (bear) to $6.09 (bull), the price of $3.40 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
First Resources Limited reported revenue of $1.7B in FY2025 versus $1.0B in FY2021, a compound +13.1%/yr. Reported net income was $359M in FY2025, compounding +22.2%/yr from FY2021.
Key figures
Market cap $5.3B · P/E ratio 9.8 · P/S ratio 2.09 · EPS (TTM) $0.2300 · Dividend yield 3.4% · Net margin 21.3% · Return on equity 23.7% · Return on assets (EBIT) 16.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 194% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 9% fair-value upside, at −2%, FTROF screens richer than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 59 · Market factors (momentum, volatility) 85
Revenue & earnings trend
Growth Forecast
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Compare First Resources Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Packaged Foods · 634 stocks
Valuation Multiplesvs Packaged Foods median · lower = cheaper
Context: sector, industry, market
- Is the Consumer Staples sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Packaged Foods stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nestlé S.A NESN | CHF 74.63 | CHF 59.51 | −20% |
| Danone S.A BN | €59.12 | €50.65 | −14% |
| Foshan Haitian Flavouring and Food Company 603288 | ¥33.93 | ¥37.32 | +10% |
| The Kraft Heinz Company KHC | $23.45 | $29.20 | +25% |
| Nestlé India Limited NESTLEIND | ₹1,363 | ₹724.74 | −47% |
| Inner Mongolia Yili Industrial Group 600887 | ¥26.90 | ¥41.84 | +56% |
| Yihai Kerry Arawana Holdings 300999 | ¥24.55 | ¥9.98 | −59% |
| General Mills, Inc GIS | $31.67 | $34.59 | +9% |
| Wilmar International Limited F34 | 3.68 SGD | 5.14 SGD | +40% |
| Kerry Group KRZ | €85.55 | €59.96 | −30% |
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Key figures of First Resources Limited
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