First Gen (PSE:FGEN) - Stock Price, News & Analysis

FGEN Stock Overview

First Gen Corporation, through its subsidiaries, engages in the power generation business in Philippines.

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

Rewards

Trading at 80% below our estimate of its fair value

Earnings are forecast to grow 11.2% per year

Risk Analysis

Unstable dividend track record

Profit margins (8.8%) are lower than last year (13.6%)

My Notes

New

Notes are coming soon

First Gen Corporation Competitors

Lopez Holdings

PSE:LPZ

₱16.6b

Aboitiz Power

PSE:AP

₱279.6b

SPC Power

PSE:SPC

₱14.1b

Vivant

PSE:VVT

₱14.8b

Price History & Performance

Summary of all time highs, changes and price drops for First Gen
Historical stock prices
Current Share Price	₱18.00
52 Week High	₱28.10
52 Week Low	₱14.90
Beta	0.72
1 Month Change	4.05%
3 Month Change	17.19%
1 Year Change	-35.60%
3 Year Change	-15.09%
5 Year Change	13.21%
Change since IPO	-40.66%

Recent updates

Shareholder Returns

	FGEN	PH Renewable Energy	PH Market
7D	-2.3%	0.7%	0.2%
1Y	-35.6%	-14.0%	-6.1%

Return vs Industry: FGEN underperformed the PH Renewable Energy industry which returned -13.4% over the past year.

Return vs Market: FGEN underperformed the PH Market which returned -5.9% over the past year.

Price Volatility

Is FGEN's price volatile compared to industry and market?
FGEN volatility
FGEN Average Weekly Movement	3.5%
Renewable Energy Industry Average Movement	4.2%
Market Average Movement	5.6%
10% most volatile stocks in PH Market	11.5%
10% least volatile stocks in PH Market	3.1%

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

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

About the Company

Founded	Employees	CEO	Website
1998	2,059	Federico Lopez	https://www.firstgen.com.ph

First Gen Corporation, through its subsidiaries, engages in the power generation business in Philippines. It operates through FGPC, FGP, FNPC, Prime Meridian, EDC and Subsidiaries, and FG Hydro segments. The FGPC segment operates Santa Rita, a 1,000 MW combined cycle, natural gas-fired 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	₱64.74b
Earnings (TTM)	₱12.13b
Revenue (TTM)	₱137.23b

5.3x

P/E Ratio

0.5x

P/S Ratio

Is FGEN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
FGEN income statement (TTM)
Revenue	US$2.56b
Cost of Revenue	US$1.87b
Gross Profit	US$687.29m
Other Expenses	US$461.25m
Earnings	US$226.05m

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.063
Gross Margin	26.88%
Net Profit Margin	8.84%
Debt/Equity Ratio	59.0%

How did FGEN perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

11%

Payout Ratio

FGEN Stock Overview

Rewards

Risk Analysis

First Gen Corporation Competitors

PSE:LPZ

₱16.6b

PSE:AP

₱279.6b

PSE:SPC

₱14.1b

PSE:VVT

₱14.8b

Price History & Performance

Recent News & Updates

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

Recent updates

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

About the Company

First Gen Corporation Fundamentals Summary

5.3x

0.5x

Earnings & Revenue

Dividends

2.2%

11%