---
title: "First Resources Limited (EB5.SG)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/EB5.SG.md"
symbol: "EB5.SG"
name: "First Resources Limited"
industry: "農產品"
---

# First Resources Limited (EB5.SG)

| Item | Detail |
|------|--------|
| Industry | 農產品 |
| Location | 新加坡市場 |
| Website | [www.first-resources.com](https://www.first-resources.com) |

## Company Profile

第一資源有限公司是一家投資控股公司，主要從事新加坡、印度尼西亞、歐洲、中國、馬來西亞及國際市場的棕櫚油生產活動。該公司分為兩個業務部門：種植園和棕櫚油廠，以及煉油和加工。它涉及油棕種植園的種植和維護，以及棕櫚油廠的運營。該公司還參與將新鮮果串收獲並加工成粗棕櫚油（CPO）和棕櫚仁（PK）產品；並將 CPO 和 PK 加工成更高價值的棕櫚基產品，如生物柴油；精煉、漂白和脫臭（RBD）油；RBD 硬脂；RBD 棕櫚油；棕櫚脂肪酸蒸餾物；粗甘油；以及棕櫚仁油和壓榨油

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-20T04:30:12.000Z

**Overall: B (0.30)**

**Industry**: Agricultural Products and Services

| Metric | Value |
|--------|-------|
| Industry Ranking | 2 / 8 |
| Industry Median | B |
| Industry Average | C |

- **Style**: Blend - Stocks in which the company has both growth and mature businesses.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 23.85% |  |
| Net Profit YoY | 59.67% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 1.95 |  |
| Dividend Ratio | 4.72% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 3.55B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 1.65B |  |


**Multi Score**: B

#### Profit Score: A

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 21.70% | A |
| Profit Margin | 23.19% | A |
| Gross Margin | 41.15% | B |

#### Growth Score: A

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 23.85% | A |
| Net Profit YoY | 59.67% | B |
| Total Assets YoY | 47.04% | A |
| Net Assets YoY | 9.19% | B |

#### Cash Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 431.29% | C |
| OCF YoY | 23.85% | A |

#### Operating Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.56 | C |

#### Debt Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 42.74% | C |


```chart-data:radar
{
  "title": "Longbridge Financial Score - First Resources Limited",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "A",
      "indicators": [
        {
          "name": "ROE",
          "value": "21.70%",
          "rating": "A"
        },
        {
          "name": "Profit Margin",
          "value": "23.19%",
          "rating": "A"
        },
        {
          "name": "Gross Margin",
          "value": "41.15%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "A",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "23.85%",
          "rating": "A"
        },
        {
          "name": "Net Profit YoY",
          "value": "59.67%",
          "rating": "B"
        },
        {
          "name": "Total Assets YoY",
          "value": "47.04%",
          "rating": "A"
        },
        {
          "name": "Net Assets YoY",
          "value": "9.19%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "B",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "431.29%",
          "rating": "C"
        },
        {
          "name": "OCF YoY",
          "value": "23.85%",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "C",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.56",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "C",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "42.74%",
          "rating": "C"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 金光農業資源 (SG.E5H) | C | B | E | A | A | B |
| 02 | 益資源 (SG.EB5) | A | A | C | C | B | B |
| 03 | 布米達馬農業 (SG.P8Z) | B | B | A | B | B | B |
| 04 | TSH Resources (SG.TSH) | B | B | C | A | B | B |
| 05 | Kencana Agri (SG.BNE) | A | A | B | E | B | B |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 9.31 | 4/9 | 8.42 | 7.30 | 6.84 |
| PB | 1.96 | 6/9 | 1.76 | 1.42 | 1.24 |
| PS (TTM) | 2.16 | 7/9 | 1.94 | 1.71 | 1.61 |
| Dividend Yield | 4.70% | 2/9 | 6.76% | 5.47% | 4.90% |

## Institutional View

### Analyst Rating Distribution

> As of 2026-02-12T16:00:00.000Z

Total Analysts: **7**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 6 | 86% |
| Overweight | 1 | 14% |
| Hold | 0 | 0% |
| Underweight | 0 | 0% |
| Sell | 0 | 0% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 2.30 |
| Highest Target | 2.77 |
| Lowest Target | 2.02 |

## References

- [Company Overview](https://longbridge.com/en/quote/EB5.SG/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/EB5.SG/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/EB5.SG/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.