How does FSGC.Y's PE Ratio compare to its peers?

FSGC.Y is good value based on its Price-To-Earnings Ratio (3.6x) compared to the peer average (27.6x).

How does FSGC.Y's PE Ratio compare vs other companies in the North American Renewable Energy Industry?

FSGC.Y is good value based on its Price-To-Earnings Ratio (3.6x) compared to the North American Renewable Energy industry average (18.4x).

What is FSGC.Y'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.

Insufficient data to calculate FSGC.Y's Price-To-Earnings Fair Ratio for valuation analysis.

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

FSGC.Y ($6.75) is trading below our estimate of [[fair value]] ($9.32)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

FSGC.Y Stock Overview

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

FSGC.Y fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	3/6
Financial Health	5/6
Dividends	4/6

Rewards

Trading at 27.6% below our estimate of its fair value

Earnings are forecast to grow 6.31% per year

Risk Analysis

Shares are highly illiquid

Dividend of 5.33% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

First Gen Corporation Competitors

AES

NYSE:AES

US$9.2b

Talen Energy

NasdaqGS:TLN

US$10.0b

Vistra

NYSE:VST

US$47.6b

Montauk Renewables

NasdaqCM:MNTK

US$534.9m

Price History & Performance

Summary of share price highs, lows and changes for First Gen
Historical stock prices
Current Share Price	₱6.75
52 Week High	₱7.18
52 Week Low	₱6.50
Beta	0.63
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	-39.62%
5 Year Change	-33.04%
Change since IPO	-34.15%

Recent updates

Shareholder Returns

	FSGC.Y	US Renewable Energy	US Market
7D	0%	-3.8%	-2.4%
1Y	n/a	64.7%	23.4%

Return vs Industry: Insufficient data to determine how FSGC.Y performed against the US Renewable Energy industry.

Return vs Market: Insufficient data to determine how FSGC.Y performed against the US Market.

Price Volatility

Is FSGC.Y's price volatile compared to industry and market?
FSGC.Y volatility
FSGC.Y Average Weekly Movement	n/a
Renewable Energy Industry Average Movement	8.4%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.1%

Stable Share Price: FSGC.Y has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine FSGC.Y's volatility change 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?
FSGC.Y fundamental statistics
Market cap	US$1.09b
Earnings (TTM)	US$299.41m
Revenue (TTM)	US$2.47b

3.6x

P/E Ratio

0.4x

P/S Ratio

Is FSGC.Y overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FSGC.Y income statement (TTM)
Revenue	US$2.47b
Cost of Revenue	US$1.71b
Gross Profit	US$755.45m
Other Expenses	US$456.04m
Earnings	US$299.41m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.083
Gross Margin	30.63%
Net Profit Margin	12.14%
Debt/Equity Ratio	56.2%

How did FSGC.Y perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

10%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/09/08 21:58
End of Day Share Price	2024/06/11 00:00
Earnings	2024/06/30
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. 3 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