First Gen Past Earnings Performance

Past criteria checks 5/6

First Gen has been growing earnings at an average annual rate of 3%, while the Renewable Energy industry saw earnings growing at 6.8% annually. Revenues have been growing at an average rate of 6.4% per year. First Gen's return on equity is 13.6%, and it has net margins of 12.6%.

Key information

3.0%

Earnings growth rate

2.9%

EPS growth rate

Renewable Energy Industry Growth	8.2%
Revenue growth rate	6.4%
Return on equity	13.6%
Net Margin	12.6%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How First Gen makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

PSE:FGEN Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	2,475	312	231
30 Sep 23	2,562	321	231
30 Jun 23	2,680	305	225
31 Mar 23	2,748	286	215
31 Dec 22	2,667	257	220
30 Sep 22	2,556	226	217
30 Jun 22	2,386	225	221
31 Mar 22	2,254	227	221
31 Dec 21	2,167	249	216
30 Sep 21	2,074	282	196
30 Jun 21	1,946	276	199
31 Mar 21	1,832	280	194
31 Dec 20	1,830	259	194
30 Sep 20	1,898	255	215
30 Jun 20	1,981	247	210
31 Mar 20	2,099	263	211
31 Dec 19	2,151	279	208
30 Sep 19	2,132	276	190
30 Jun 19	2,125	285	182
31 Mar 19	2,043	243	180
31 Dec 18	1,979	199	179
30 Sep 18	1,892	157	178
30 Jun 18	1,820	133	180
31 Mar 18	1,749	105	184
31 Dec 17	1,708	106	184
30 Sep 17	1,665	99	184
30 Jun 17	1,608	116	188
31 Mar 17	1,570	153	187
31 Dec 16	1,561	169	187
30 Sep 16	1,611	191	196
30 Jun 16	1,675	153	192
31 Mar 16	1,757	142	205
31 Dec 15	1,836	132	209
30 Sep 15	1,876	108	217
30 Jun 15	1,932	147	215
31 Mar 15	1,946	158	207
31 Dec 14	1,903	153	205
30 Sep 14	1,912	122	187
30 Jun 14	1,856	121	176
31 Mar 14	1,867	85	171
31 Dec 13	1,905	76	163
30 Sep 13	1,906	137	177
30 Jun 13	2,017	146	182

Quality Earnings: FGEN has high quality earnings.

Growing Profit Margin: FGEN's current net profit margins (12.6%) are higher than last year (9.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FGEN's earnings have grown by 3% per year over the past 5 years.

Accelerating Growth: FGEN's earnings growth over the past year (21.3%) exceeds its 5-year average (3% per year).

Earnings vs Industry: FGEN earnings growth over the past year (21.3%) exceeded the Renewable Energy industry 4.6%.

Return on Equity

High ROE: FGEN's Return on Equity (13.6%) is considered low.

Return on Assets

Return on Capital Employed

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First Gen Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

Full year 2023 earnings: EPS and revenues miss analyst expectations

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

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

Second quarter 2022 earnings released

Recent updates

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

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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Revenue & Expenses Breakdown
Beta