What is the intrinsic value of EB5.SI?

As of 2025-05-21, the Intrinsic Value of First Resources Ltd (EB5.SI) is 3.71 SGD. This EB5.SI valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 1.46 SGD, the upside of First Resources Ltd is 153.80%.

The range of the Intrinsic Value is 2.91 - 5.15 SGD

Is EB5.SI undervalued or overvalued?

Based on its market price of 1.46 SGD and our intrinsic valuation, First Resources Ltd (EB5.SI) is undervalued by 153.80%.

	Range	Selected	Upside
a
DCF (Growth 5y)	2.91 - 5.15	3.71	153.8%
DCF (Growth 10y)	3.25 - 5.64	4.11	181.2%
DCF (EBITDA 5y)	2.02 - 3.01	2.39	63.9%
DCF (EBITDA 10y)	2.58 - 3.79	3.05	108.8%
Fair Value	5.04 - 5.04	5.04	245.43%
P/E	2.61 - 5.60	3.20	119.1%
EV/EBITDA	0.98 - 1.93	1.32	-9.4%
EPV	1.56 - 2.38	1.97	34.8%
DDM - Stable	1.59 - 3.74	2.66	82.4%
DDM - Multi	2.16 - 4.00	2.81	92.5%