FGEN Stock Overview

Through its subsidiaries, engages in the power generation business in Philippines. More details

FGEN fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	2/6
Financial Health	5/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (3.6x) is below the PH market (9.3x)

Earnings are forecast to grow 11.46% per year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 85%

Risk Analysis

Dividend of 5.58% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

First Gen Corporation Competitors

Acen

PSE:ACEN

₱150.0b

Vivant

PSE:VVT

₱19.4b

Aboitiz Power

PSE:AP

₱271.7b

Lopez Holdings

PSE:LPZ

₱10.3b

Price History & Performance

Summary of share price highs, lows and changes for First Gen
Historical stock prices
Current Share Price	₱16.04
52 Week High	₱20.50
52 Week Low	₱16.04
Beta	0.65
1 Month Change	-5.76%
3 Month Change	-7.60%
1 Year Change	-7.07%
3 Year Change	-41.67%
5 Year Change	-33.58%
Change since IPO	-47.12%

Recent updates

Shareholder Returns

	FGEN	PH Renewable Energy	PH Market
7D	-4.0%	2.5%	-2.1%
1Y	-7.1%	-3.1%	7.3%

Return vs Industry: FGEN underperformed the PH Renewable Energy industry which returned -3.1% over the past year.

Return vs Market: FGEN underperformed the PH Market which returned 7.3% over the past year.

Price Volatility

Is FGEN's price volatile compared to industry and market?
FGEN volatility
FGEN Average Weekly Movement	2.8%
Renewable Energy Industry Average Movement	4.8%
Market Average Movement	5.2%
10% most volatile stocks in PH Market	10.8%
10% least volatile stocks in PH Market	2.7%

Stable Share Price: FGEN has not had significant price volatility in the past 3 months compared to the PH market.

Volatility Over Time: FGEN's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1993	2,142	Federico Lopez	www.firstgen.com.ph

First Gen Corporation, through its subsidiaries, engages in the power generation business in Philippines. It operates through FGPC, FGP, EDC and Subsidiaries, FG Hydro, FNPC, and Prime Meridian segments. The FGPC segment operates a 1,000 megawatts (MW) combined cycle, natural gas-fired Santa Rita power plant.

First Gen Corporation Fundamentals Summary

How do First Gen's earnings and revenue compare to its market cap?
FGEN fundamental statistics
Market cap	₱57.69b
Earnings (TTM)	₱15.98b
Revenue (TTM)	₱142.81b

3.6x

P/E Ratio

0.4x

P/S Ratio

Is FGEN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FGEN income statement (TTM)
Revenue	US$2.43b
Cost of Revenue	US$1.71b
Gross Profit	US$722.20m
Other Expenses	US$450.23m
Earnings	US$271.97m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.076
Gross Margin	29.71%
Net Profit Margin	11.19%
Debt/Equity Ratio	52.8%

How did FGEN perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

11%

Payout Ratio

Does FGEN pay a reliable dividends?

See FGEN dividend history and benchmarks

When do you need to buy FGEN by to receive an upcoming dividend?
First Gen dividend dates
Ex Dividend Date	Dec 11 2024
Dividend Pay Date	Dec 23 2024
Days until Ex dividend	11 days
Days until Dividend pay date	1 day

Does FGEN pay a reliable dividends?

See FGEN dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/21 21:21
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First Gen Corporation is covered by 15 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Julian Vincent Roxas	BofA Global Research
Edser Trinidad	CGS International
Jan Derrick Guarin	CLSA

FGEN Stock Overview

Rewards

Risk Analysis

First Gen Corporation Competitors

PSE:ACEN

₱150.0b

PSE:VVT

₱19.4b

PSE:AP

₱271.7b

PSE:LPZ

₱10.3b

Price History & Performance

Recent News & Updates

Dividend of ₱0.45 announced

First Gen Corporation Declares Cash Dividends on Common Shares, Payable on December 23, 2024

Third quarter 2024 earnings released: EPS: US$0.015 (vs US$0.02 in 3Q 2023)

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Second quarter 2024 earnings released: EPS: US$0.021 (vs US$0.02 in 2Q 2023)

Recent updates

Dividend of ₱0.45 announced

First Gen Corporation Declares Cash Dividends on Common Shares, Payable on December 23, 2024

Third quarter 2024 earnings released: EPS: US$0.015 (vs US$0.02 in 3Q 2023)

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Second quarter 2024 earnings released: EPS: US$0.021 (vs US$0.02 in 2Q 2023)

Now 25% undervalued after recent price drop

Upcoming dividend of ₱0.45 per share

Dividend of ₱0.45 announced

First Gen Corporation Declares Cash Dividend, Payable on July 9, 2024

First quarter 2024 earnings released: EPS: US$0.022 (vs US$0.025 in 1Q 2023)

Full year 2023 earnings: EPS and revenues miss analyst expectations

First Gen Corporation, Annual General Meeting, May 31, 2024

Upcoming dividend of ₱0.50 per share at 2.8% yield

First Gen Corporation Declares Dividend on Common Shares, Payable on December 22, 2023

Third quarter 2023 earnings released: EPS: US$0.023 (vs US$0.018 in 3Q 2022)

Second quarter 2023 earnings released: EPS: US$0.021 (vs US$0.016 in 2Q 2022)

First Gen Corporation Announces the Resignation of Richard B. Tantoco as Executive Vice President

Upcoming dividend of ₱0.40 per share at 4.3% yield

Consensus EPS estimates increase by 17%

First Gen Corporation Approves Board Changes

First quarter 2023 earnings released: EPS: US$0.025 (vs US$0.017 in 1Q 2022)

Investor sentiment improves as stock rises 16%

Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat

First Gen Corporation, Annual General Meeting, May 17, 2023

Insider recently bought ₱205k worth of stock

Upcoming dividend of ₱0.42 per share

First Gen Corporation Approves Cash Dividends, Payable on January 10, 2023

Less than half of directors are independent

Chairman Emeritus recently sold ₱82m worth of stock

Second quarter 2022 earnings released

Upcoming dividend of ₱0.35 per share

First Gen Corporation Announces Board Changes

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Less than half of directors are independent

Consensus forecasts updated

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

First Gen Corporation Appoints Jay Joel L. Soriano as Vice President and Head of Strategy and Planning

Executive VP & Executive Director recently sold ₱3.0m worth of stock

Third quarter 2021 earnings released: EPS US$0.018 (vs US$0.016 in 3Q 2020)

Insider recently sold ₱9.9m worth of stock

Investor sentiment deteriorated over the past week

Second quarter 2021 earnings released: EPS US$0.017 (vs US$0.018 in 2Q 2020)

Executive VP & Executive Director recently sold ₱3.2m worth of stock

Upcoming dividend of ₱0.30 per share

Lead Independent Director has left the company

First quarter 2021 earnings released: EPS US$0.023 (vs US$0.017 in 1Q 2020)

First Gen Corporation Provides Update on the 414MW San Gabriel Combined Cycle Power Plant

Insider recently sold ₱4.0m worth of stock

Investor sentiment improved over the past week

New 90-day high: ₱31.05

First Gen Corporation Announces Changes to Its Board

Third quarter 2020 earnings released: EPS US$0.014

New 90-day high: ₱29.40

First Gen Corporation Announces Resignation of Eugenio L. Lopez III as Director

First half earnings released

KKR Asia Pacific Infrastructure Investors SCSP managed by Kohlberg Kravis Roberts & Co. L.P completed the acquisition of 11.87% stake in First Gen Corporation (PSE:FGEN) for PHP 9.6 billion

Shareholder Returns

Price Volatility