FIRST RESOURCES chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 0.73
Dividend & Yield0.05S$ (3.38%)
Beta 0.78
Market capitalization 2.35B
Operating cash flow 201.69M
ESG Scores unknown

Company description

First Resources Limited, an investment holding company, engages in the palm oil production activities in Singapore, Indonesia, Europe, China, and internationally. The company operates in two segments, Plantations and Palm Oil Mills, and Refinery and Processing. It is involved in cultivating and maintaining oil palms; harvesting and milling fresh fruit bunches into crude palm oil (CPO) and palm kernel (PK) products; and processing CPO and PK into value palm based products, such as biodiesel, palm kernel oil, and palm kernel expeller, as well as refined, bleached, and deodorized (RBD) olein, and RBD stearin. In addition, the company engages in the rubber plantation activities. It manages 212,208 hectares of oil palm plantations; and 6,321 hectares of rubber plantations. The company was founded in 1992 and is based in Singapore. First Resources Limited is a subsidiary of Eight Capital Inc.

Sector: Consumer Defensive - Industry: Packaged Foods

Financial Ratios
Quick Ratio2.05
Working Capital0.43
Return On Equity0.13
Debt To Equity0.24
Fixed Asset Ratio0.04
Fixed Interest Cover16.65

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 5.23M -2.46M 20.81M 30.49M
Total Cashflows From Investing Activities -93.86M -120.63M -37.14M -1.33M
Net Borrowings -116.07M 23.42M -23.54M -61.55M
Total Cash From Financing Activities -196.96M -8.33M -23.27M -100.15M
Change To Operating Activities
Issuance Of Stock
Net Income 120M 89.13M 99.67M 161.11M
Change In Cash -178.96M 3.66M 132.02M 190.42M
Effect Of Exchange Rate -589k 425k 44k -284k
Total Cash From Operating Activities 112.44M 132.2M 192.39M 292.19M
Depreciation 65.14M 68.75M 71.87M 81.64M
Change To Account Receivables -24.92M -21.82M -22.91M 21.27M
Other Cashflows From Financing Activities -1.12M -1.35M 37.09M 985k
Change To Netincome -19.02M -23.66M 41.97M -6.26M
Capital Expenditures -95.98M -101.61M -70.48M -51.15M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 181.12M 131.2M 156.84M 245.99M
Net Income 120M 89.13M 99.67M 161.11M
Selling General Administrative 66.75M 79.9M 81.48M 86.04M
Gross Profit 275.33M 235.07M 296.27M 477.53M
Ebit 187.15M 154.58M 190.01M 244.99M
Operating Income 187.15M 154.58M 190.01M 244.99M
Interest Expense -19.32M -17.63M -17.37M -14.71M
Income Tax Expense 53.43M 38.03M 49.45M 69.55M
Total Revenue 633.49M 614.89M 660.42M 1.03B
Cost Of Revenue 358.16M 379.82M 364.16M 554.75M
Total Other Income ExpenseNet -6.04M -23.38M -33.17M 1M
Net Income From Continuing Ops 127.69M 93.17M 107.39M 176.44M
Net Income Applicable To Common Shares 120M 89.13M 99.67M 161.11M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 585.02M 607.03M 659.77M 602.5M
Total Stockholder Equity 932.16M 1.04B 1.06B 1.2B
Other Current Liabilities 31.25M 70.83M 113.08M 85.21M
Total Assets 1.57B 1.71B 1.79B 1.87B
Common Stock 394.91M 394.91M 394.91M 394.91M
Other Current Assets 86.99M 81.19M 44.46M 59.72M
Retained Earnings 617.36M 676.42M 744.34M 870.2M
Treasury Stock -90.42M -37.35M -86M -78.29M
Cash 55.36M 59.02M 191.04M 381.46M
Total Current Liabilities 114.99M 314.46M 348.53M 263.3M
Other Stockholder Equity -90.42M -37.35M -80.43M -71.58M
Property, Plant, and Equipment 940.42M 1.02B 992.71M 933.78M
Total Current Assets 329.59M 313.14M 451.75M 639.27M
Net Tangible Assets 784.75M 879.51M 904.42M 1.04B
Net Receivables 45.34M 46.22M 81.67M 72.56M
Accounts Payable 28.47M 19.16M 23.98M 37.84M


Insider Transactions

Here are the insider transactions of stock shares related to FIRST RESOURCES:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Ng (Shin Ein)D2019-04-29Former38k
Fangiono (Cik Sigih)Other at price 1.14 per share.I2011-01-19Divisional Officer75M
Fangiono (Ciliandra)Other at price 1.15 per share.I2011-01-19Chief Executive Officer75M

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to FIRST RESOURCES. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on FIRST RESOURCES

Here is the result of two systematic investment strategies applied to FIRST RESOURCES. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on FIRST RESOURCES

The following chart shows the equity curve of the two systematic investment strategies applied to FIRST RESOURCES:

FIRST RESOURCES automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 9.25% on the backtest period.

Performance at glance

Performance

9.25 %

Latent gain

184.86 S$

Invested capital

1999.14 S$

Annualized return

2.23 %
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Momentum strategy results on FIRST RESOURCES

This is the result of two momentum investment strategies applied to FIRST RESOURCES. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on FIRST RESOURCES

The following chart shows all the entries opened by the momentum investment system on FIRST RESOURCES:

FIRST RESOURCES momentum entries
  • The first momentum investment strategy would give 8.3% of return on FIRST RESOURCES. That represents 352.54S$ of latent gain with 4245.86S$ of employed capital.
  • The second momentum investment strategy would give 8.87% of return on FIRST RESOURCES. That represents 287.95S$ of latent gain with 3246.45S$ of employed capital.
Performance at glance (1Q Momentum)

Performance

8.3 %

Latent gain

352.54 S$

Invested capital

4245.86 S$

Annualized return

1.22 %
Performance at glance (2Q Momentum)

Performance

8.87 %

Latent gain

287.95 S$

Invested capital

3246.45 S$

Annualized return

2.42 %

Momentum equity curve on FIRST RESOURCES

The following chart shows the equity curve of the two momentum strategies applied to FIRST RESOURCES:

FIRST RESOURCES momentum equity

Note: the dividends potentially given by FIRST RESOURCES are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on FIRST RESOURCES

The following chart shows the employed capital evolution of the two momentum strategies on FIRST RESOURCES since the beginning:

FIRST RESOURCES

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250S$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000S$.


Buy the dip strategy result on FIRST RESOURCES

Buy the dip entry openings on FIRST RESOURCES

FIRST RESOURCES

The performance achieved by the robo-advisor on FIRST RESOURCES is 2.61%. That represents 19.59$ of latent gain with 750.01S$ of employed capital. The following chart shows FIRST RESOURCES stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of FIRST RESOURCES, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

2.61 %

Latent gain

19.59 S$

Invested capital

750.01 S$

Annualized return

1.22 %

Equity curve of the strategy applied to FIRST RESOURCES

The following chart shows the result of the investment strategy applied to FIRST RESOURCES:

FIRST RESOURCES

Note: the dividends potentially given by FIRST RESOURCES are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on FIRST RESOURCES

The following chart shows the employed capital evolution since the beginning of the investment strategy on FIRST RESOURCES:

FIRST RESOURCES

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on FIRST RESOURCES

In this section, I will compare the three previous investment strategies applied to FIRST RESOURCES.

Equity curve comparison on FIRST RESOURCES

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

FIRST RESOURCES investment strategy comparison

Employed capital comparison on FIRST RESOURCES

FIRST RESOURCES investment comparison

Performance comparison on FIRST RESOURCES

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 9.25% 184.86S$ 1999.14S$ 2.23%
Momentum 1 quarter 8.3% 352.54S$ 4245.86S$ 2.13%
Momentum 2 quarters 8.87% 287.95S$ 3246.45S$ 2.42%
Non-directional 2.61% 19.59S$ 750.01S$ 1.22%
Annualized return comparison

Automatic investment

2.23 %

Momentum 1Q

2.42 %

Momentum 2Q

2.42 %

Non-directional

1.22 %

Correlated stocks

Here are the most positively and negatively correlated stocks with FIRST RESOURCES:

Note: The algorithm computes the probability of correlation between FIRST RESOURCES and the other stocks. There may be false positives or some missing correlated stocks. If the price of FIRST RESOURCES does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name FIRST RESOURCES
Country Singapore
City Singapore
Address No. 36-02, Suntec Tower Three
Phone 65 6602 0200
Website www.first-resources.com
FullTime employees
Industry Packaged Foods
Sector Consumer Defensive
Exchange XSES
Ticker EB5.XSES
Market www.sgx.com

FIRST RESOURCES ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown