First Gen Management

Management criteria checks 3/4

First Gen's CEO is Federico Lopez, appointed in Feb 2008, has a tenure of 16.83 years. directly owns 0.17% of the company’s shares, worth ₱98.60M. The average tenure of the management team and the board of directors is 13.9 years and 4.1 years respectively.

Key information

Federico Lopez

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	16.8yrs
CEO ownership	0.2%
Management average tenure	13.9yrs
Board average tenure	4.1yrs

Recent management updates

Recent updates

CEO

Federico Lopez (63 yo)

16.8yrs

Tenure

US$107,778

Compensation

Mr. Federico Rufino Lopez serves as Chief Executive Officer at Lopez Holdings Corporation since 2020. He has been the Chief Executive Officer and Chairman of First Philippine Holdings Corporation since May...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Federico Lopez	Chairman & CEO	16.8yrs	US$107.78k	0.17% ₱ 98.6m
Francis Giles Puno	Vice Chairman	19.3yrs	US$111.77k	0.22% ₱ 130.4m
Richard Tantoco	Executive Director	19.9yrs	US$108.78k	0.047% ₱ 27.0m
Emmanuel Antonio Singson	Executive VP	14.9yrs	no data	0.017% ₱ 9.8m
Victor Emmanuel Santos	Executive VP & Corporate Information Officer	no data	no data	no data
Valerie Gloriane Dy Sun-Lim	VP & Head of Investor Relations	13.9yrs	no data	no data
Nurjehan Maria Dayrit	VP & Compliance Officer	no data	no data	no data
Ramon Carandang	Vice President of Corporate Communications	9.9yrs	no data	no data
Vincent Martin Villegas	Senior VP & Chief Revenue Officer	less than a year	no data	no data
Erwin Avante	Senior Vice President	1.8yrs	no data	0.0014% ₱ 805.9k
Dennis Michael Gonzales	Senior Vice President	no data	no data	0.0097% ₱ 5.6m
Teodorico Jose Delfin	Senior Vice President	1.8yrs	no data	no data

13.9yrs

Average Tenure

56.5yo

Average Age

Experienced Management: FGEN's management team is seasoned and experienced (13.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Federico Lopez	Chairman & CEO	26yrs	US$107.78k	0.17% ₱ 98.6m
Francis Giles Puno	Vice Chairman	19.3yrs	US$111.77k	0.22% ₱ 130.4m
Richard Tantoco	Executive Director	19.3yrs	US$108.78k	0.047% ₱ 27.0m
Cielito Habito	Lead Independent Director	8.6yrs	US$113.77k	0% ₱ 0
Manuel Lopez	Director	4.1yrs	US$109.77k	0.00014% ₱ 81.2k
Mario Bautista	Senior Board Adviser	2.6yrs	no data	no data
Alicia Morales	Independent Director	6.6yrs	US$109.77k	0% ₱ 0
Edgar Chua	Independent Director	3.6yrs	US$113.77k	no data
Elvira Bautista	Director	3.6yrs	US$106.78k	0.015% ₱ 9.0m
Manolo Michael T. Guzman	Director	2.6yrs	no data	0% ₱ 0
Maria Abello	Director	1.6yrs	no data	0.016% ₱ 9.1m

4.1yrs

Average Tenure

62yo

Average Age

Experienced Board: FGEN's board of directors are considered experienced (4.1 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/29 23:46
End of Day Share Price	2024/12/27 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

First Gen Management

Management criteria checks 3/4

Key information

Recent management updates

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

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

First Gen Corporation Approves Board Changes

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

Insider recently bought ₱205k worth of stock

Less than half of directors are independent

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

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake