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142

First Pacific SEHK:142 Stock Report

Last Price

HK$3.18

Market Cap

HK$12.9b

7D

-1.5%

1Y

20.0%

Updated

28 Jun, 2022

Data

Company Financials +
142 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance5/6
Financial Health2/6
Dividends3/6

142 Stock Overview

First Pacific Company Limited, an investment management and holding company, engages in the consumer food products, telecommunications, infrastructure, and natural resources businesses in the Philippines, Indonesia, Singapore, the Middle East, Africa, and internationally.

First Pacific Competitors

Price History & Performance

Summary of all time highs, changes and price drops for First Pacific
Historical stock prices
Current Share PriceHK$3.18
52 Week HighHK$3.63
52 Week LowHK$2.41
Beta0.98
1 Month Change-4.79%
3 Month Change0%
1 Year Change20.00%
3 Year Change-1.24%
5 Year Change-44.01%
Change since IPO218.00%

Recent News & Updates

Jun 17
First Pacific (HKG:142) Is Increasing Its Dividend To HK$0.10

First Pacific (HKG:142) Is Increasing Its Dividend To HK$0.10

First Pacific Company Limited ( HKG:142 ) will increase its dividend on the 8th of July to HK$0.10. This will take the...

Jun 11
Is Now An Opportune Moment To Examine First Pacific Company Limited (HKG:142)?

Is Now An Opportune Moment To Examine First Pacific Company Limited (HKG:142)?

While First Pacific Company Limited ( HKG:142 ) might not be the most widely known stock at the moment, it received a...

May 02
Shareholders Can Be Confident That First Pacific's (HKG:142) Earnings Are High Quality

Shareholders Can Be Confident That First Pacific's (HKG:142) Earnings Are High Quality

Even though First Pacific Company Limited's ( HKG:142 ) recent earnings release was robust, the market didn't seem to...

Shareholder Returns

142HK FoodHK Market
7D-1.5%4.6%1.7%
1Y20.0%-22.4%-21.2%

Return vs Industry: 142 exceeded the Hong Kong Food industry which returned -22.4% over the past year.

Return vs Market: 142 exceeded the Hong Kong Market which returned -21.2% over the past year.

Price Volatility

Is 142's price volatile compared to industry and market?
142 volatility
142 Average Weekly Movement4.4%
Food Industry Average Movement5.7%
Market Average Movement6.9%
10% most volatile stocks in HK Market13.8%
10% least volatile stocks in HK Market3.4%

Stable Share Price: 142 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 142's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1981100,120Manny Pangilinanhttps://www.firstpacific.com

First Pacific Company Limited, an investment management and holding company, engages in the consumer food products, telecommunications, infrastructure, and natural resources businesses in the Philippines, Indonesia, Singapore, the Middle East, Africa, and internationally. The company offers a range of telecommunications and digital services, including fiber optic backbone, and fixed line and mobile networks. It also manufactures and distributes a range of food products, including noodles, dairy products, snack foods, food seasonings, nutrition and special foods, beverages, wheat flour, and pasta; breeds seeds; cultivates oil palm, rubber, sugar cane, and other crops; and offers cooking oils, margarines, and shortenings.

First Pacific Fundamentals Summary

How do First Pacific's earnings and revenue compare to its market cap?
142 fundamental statistics
Market CapUS$1.64b
Earnings (TTM)US$244.50m
Revenue (TTM)US$9.10b

7.1x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
142 income statement (TTM)
RevenueUS$9.10b
Cost of RevenueUS$6.28b
Gross ProfitUS$2.83b
Other ExpensesUS$2.58b
EarningsUS$244.50m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 26, 2022

Earnings per share (EPS)0.057
Gross Margin31.07%
Net Profit Margin2.69%
Debt/Equity Ratio106.4%

How did 142 perform over the long term?

See historical performance and comparison

Dividends

6.3%

Current Dividend Yield

43%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 142 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 142?

Other financial metrics that can be useful for relative valuation.

142 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.8x
Enterprise Value/EBITDA9.4x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

How does 142's PE Ratio compare to its peers?

142 PE Ratio vs Peers
The above table shows the PE ratio for 142 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.9x
1458 Zhou Hei Ya International Holdings
30.2x33.1%HK$12.1b
1717 Ausnutria Dairy
12.1x12.5%HK$14.8b
9858 China Youran Dairy Group
6.8x28.3%HK$12.4b
1112 Health and Happiness (H&H) International Holdings
11.1x23.4%HK$6.6b
142 First Pacific
7.1x26.2%HK$13.6b

Price-To-Earnings vs Peers: 142 is good value based on its Price-To-Earnings Ratio (7.1x) compared to the peer average (15.1x).


Price to Earnings Ratio vs Industry

How does 142's PE Ratio compare vs other companies in the HK Food Industry?

Price-To-Earnings vs Industry: 142 is good value based on its Price-To-Earnings Ratio (7.1x) compared to the Hong Kong Food industry average (11.1x)


Price to Earnings Ratio vs Fair Ratio

What is 142's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

142 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.1x
Fair PE Ratio17.7x

Price-To-Earnings vs Fair Ratio: 142 is good value based on its Price-To-Earnings Ratio (7.1x) compared to the estimated Fair Price-To-Earnings Ratio (17.8x).


Share Price vs Fair Value

What is the Fair Price of 142 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 142 (HK$3.18) is trading below our estimate of fair value (HK$29.03)

Significantly Below Fair Value: 142 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 142 is good value based on its PEG Ratio (0.3x)


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Future Growth

How is First Pacific forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


26.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 142's forecast earnings growth (26.2% per year) is above the savings rate (1.5%).

Earnings vs Market: 142's earnings (26.2% per year) are forecast to grow faster than the Hong Kong market (17.1% per year).

High Growth Earnings: 142's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 142's revenue (4.1% per year) is forecast to grow slower than the Hong Kong market (10.3% per year).

High Growth Revenue: 142's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 142's Return on Equity is forecast to be low in 3 years time (15.2%).


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Past Performance

How has First Pacific performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


0.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 142 has high quality earnings.

Growing Profit Margin: 142's current net profit margins (2.7%) are higher than last year (1.9%).


Past Earnings Growth Analysis

Earnings Trend: 142's earnings have grown by 0.5% per year over the past 5 years.

Accelerating Growth: 142's earnings growth over the past year (84.5%) exceeds its 5-year average (0.5% per year).

Earnings vs Industry: 142 earnings growth over the past year (84.5%) exceeded the Food industry 1.6%.


Return on Equity

High ROE: 142's Return on Equity (7.6%) is considered low.


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Financial Health

How is First Pacific's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 142's short term assets ($5.8B) exceed its short term liabilities ($4.6B).

Long Term Liabilities: 142's short term assets ($5.8B) do not cover its long term liabilities ($11.3B).


Debt to Equity History and Analysis

Debt Level: 142's net debt to equity ratio (74.3%) is considered high.

Reducing Debt: 142's debt to equity ratio has increased from 76.2% to 106.4% over the past 5 years.

Debt Coverage: 142's debt is not well covered by operating cash flow (11%).

Interest Coverage: 142's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet


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Dividend

What is First Pacific current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.32%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 142's dividend (6.32%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.7%).

High Dividend: 142's dividend (6.32%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.78%).


Stability and Growth of Payments

Stable Dividend: 142's dividend payments have been volatile in the past 10 years.

Growing Dividend: 142's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (42.9%), 142's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (77%), 142's dividend payments are covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

6.8yrs

Average management tenure


CEO

Manny Pangilinan (75 yo)

19yrs

Tenure

US$10,091,000

Compensation

Mr. Manuel Velez Pangilinan, also known as Manny, founded First Pacific Company Limited in May 1981 and has been its Managing Director and Chief Executive Officer since June 3, 2003. Mr. Pangilinan served...


CEO Compensation Analysis

Compensation vs Market: Manny's total compensation ($USD10.09M) is above average for companies of similar size in the Hong Kong market ($USD602.75K).

Compensation vs Earnings: Manny's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 142's management team is seasoned and experienced (6.8 years average tenure).


Board Members

Experienced Board: 142's board of directors are considered experienced (9.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

First Pacific Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: First Pacific Company Limited
  • Ticker: 142
  • Exchange: SEHK
  • Founded: 1981
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: HK$12.870b
  • Shares outstanding: 4.26b
  • Website: https://www.firstpacific.com

Number of Employees


Location

  • First Pacific Company Limited
  • Two Exchange Square
  • 24th Floor
  • Central
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.