E5H.SI
SGX50SESGolden Agri-Resources Ltd
Consumer Defensive · Farm Products · Singapore
Golden Agri-Resources Ltd, an investment holding company, operates as an integrated palm oil plantation company in China, Indonesia, India, rest of Asia, Europe, and internationally. The company operates through Plantations and Palm Oil Mills; and Palm, Laurics and Others segments. It offers snacks and instant noodles; edible oils, such as sunflower, rice bran, mustard, groundnut, and palm olein; margarines, shortenings, sauces, and beverages; and specialty fats, as well as trades in, buys, and sells crude and refined palm olein, palm kernel, sunflower, and soybean oils. The company also provides palm-derived oleochemicals; palm-based bioenergy; shipping and logistics; IT consultancy, IT application design, development and maintenance, and facilities for data center resources and other IT outsourcing; maintenance services for palm oil processing units; records and document management services; and construction services. In addition, it is involved in sugar storage and distribution business; seed production; treasury management; business and management consultancy activities; commercial and industrial real estate management and property investment; operation of bulking stations, export, import, and administration of transportation services; general wholesale trade; ship management; training; toll crushing of oilseeds and toll processing of biscuit shortening; sale of food products; forestry, carbon storage, and absorption services; port and storage facilities activities; and refinery operations. Further, the company engages in the building management; office administration; food and nutrition and animal nutrition; marine terminal facilities operation; aerial manuring; palm oil and stearin trading; and marine cargo ownership and operation businesses. The company was incorporated in 1996 and is based in Singapore.
www.goldenagri.com.sg ↗Shares trade at a low 6.6× trailing earnings, easing to 6.8× on forward estimates. Profitability shows a net margin of 3.0%. Leverage is elevated at 2.1× net debt/EBITDA. Revenue grew 6.4% year-on-year. It yields 3.8% in dividends. The mean analyst target of SGD0.36 sits 36.9% above the current price (no rating, 1 analysts).
business model
Golden Agri-Resources is one of the world's largest integrated palm-oil agribusinesses, spanning oil-palm cultivation, milling, refining and downstream processing. It owns large oil-palm plantations, primarily in Indonesia, and operates midstream/downstream refining, oleochemicals and biodiesel facilities, selling palm and lauric oil products globally. It is part of the Sinar Mas group controlled by the Widjaja family.
revenue segments
Its operations are broadly split into Plantations and Palm Oil Mills (upstream cultivation and crude palm oil production) and Palm and Laurics (downstream refining, branded and bulk edible oils, oleochemicals and biodiesel), with an oilseeds/other segment covering additional processing and merchandising. Downstream sales make up the bulk of reported revenue, while upstream drives margins.
key dependencies
Its results depend heavily on crude palm oil and related commodity prices, plantation yields and weather (including El Nino/La Nina and rainfall), Indonesian biodiesel mandates and export levies/duties, the US dollar and Indonesian rupiah, and global vegetable-oil demand. Regulatory and sustainability requirements are increasingly material.
competitors
Competes with other large palm-oil and agribusiness producers such as Wilmar International, Musim Mas, IOI Corporation, Sime Darby Plantation and other Indonesian and Malaysian growers and refiners.
moat
Its advantages are vertical integration from plantation to refined and branded products, large landbank and milling capacity, an extensive distribution network, and links to the Sinar Mas group. Scale and downstream diversification cushion upstream price swings.
risks
Risks include volatile palm-oil prices, weather and yield variability, Indonesian export-levy and biodiesel-policy changes, currency movements, and reputational and market-access risk from deforestation and sustainability (traceability, RSPO/EU regulation) scrutiny.
Financials & metrics
as of 04 Jul 2026Price is closer to the low end of its range. Green = nearer the yearly low, red = nearer the high — a position indicator, not a buy/sell signal.
Tap any metric for an explanation.● provider● computedN/A not available from source
Income-statement history isn't available for this security.
Dividends
This company does not currently pay a dividend.
Analyst assessment
as of 04 Jul 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.