FirstRand (FSR) Stock Overview
Provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 3/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
FSR Community Fair Values
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Analyst Price Targets
FirstRand Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R88.23 |
| 52 Week High | R100.84 |
| 52 Week Low | R70.92 |
| Beta | 0.63 |
| 1 Month Change | 1.84% |
| 3 Month Change | -6.17% |
| 1 Year Change | 19.89% |
| 3 Year Change | 39.30% |
| 5 Year Change | 65.69% |
| Change since IPO | 25,108.57% |
Recent News & Updates
FSR: Revised Risk Assumptions Will Support Richer Margins And Stronger Future Returns
Analysts have nudged their FirstRand fair value estimate slightly higher to around ZAR104.45 from about ZAR104.14, citing updated assumptions on discount rate, revenue growth, profit margin and future P/E after recent research including Citi's downgrade. Analyst Commentary Recent research has prompted a modest reassessment of FirstRand, with analysts refining their assumptions on discount rate, revenue growth, profit margin and future P/E.FSR: Governance Amendments Will Support Richer Margins And A Stronger Outlook
Analysts have nudged their price target on FirstRand slightly higher to around ZAR104 per share from about ZAR104 previously, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that together point to a modestly refined valuation rather than a major shift in view. What's in the News FirstRand has scheduled a Special or Extraordinary Shareholders Meeting for February 11, 2026, at 09:00 South Africa Standard Time.Recent updates
FSR: Revised Risk Assumptions Will Support Richer Margins And Stronger Future Returns
Analysts have nudged their FirstRand fair value estimate slightly higher to around ZAR104.45 from about ZAR104.14, citing updated assumptions on discount rate, revenue growth, profit margin and future P/E after recent research including Citi's downgrade. Analyst Commentary Recent research has prompted a modest reassessment of FirstRand, with analysts refining their assumptions on discount rate, revenue growth, profit margin and future P/E.FSR: Governance Amendments Will Support Richer Margins And A Stronger Outlook
Analysts have nudged their price target on FirstRand slightly higher to around ZAR104 per share from about ZAR104 previously, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that together point to a modestly refined valuation rather than a major shift in view. What's in the News FirstRand has scheduled a Special or Extraordinary Shareholders Meeting for February 11, 2026, at 09:00 South Africa Standard Time.FSR: Governance Rewrite And Richer Margins Will Support A Stronger Outlook
Analysts have adjusted their price target on FirstRand slightly higher to ZAR103.81 from ZAR102.88, pointing to updated assumptions around revenue growth, profit margins, and a lower forward P/E multiple as the key drivers of the change. What's in the News FirstRand has scheduled a Special or Extraordinary Shareholders Meeting for February 11, 2026, at 09:00 South Africa Standard Time.FSR: Stable Outlook With Governance Changes And Audit Switch Shaping Future Risk Profile
Analysts have nudged their fair value estimate for FirstRand higher by ZAR1.00 to ZAR102.88, citing updated assumptions around the discount rate and future P/E that slightly adjust their long term outlook on the stock. What's in the News A special or extraordinary shareholders meeting is scheduled for February 11, 2026, at 09:00 South Africa Standard Time to discuss proposed amendments to FirstRand's Memorandum of Incorporation, which could affect governance and capital structure flexibility (Key Developments).FSR: Stable Fair Value And Governance Changes Will Shape Future Risk Profile
Analysts have nudged their fair value estimate for FirstRand higher from R101.33 to R101.88, citing updated assumptions around the discount rate and future P/E as the key drivers of the target price change. What's in the News FirstRand has scheduled a special or extraordinary shareholders meeting for 11 February 2026 at 09:00 South Africa Standard Time to discuss proposed amendments to the group’s Memorandum of Incorporation, or MOI (Key Developments).FSR: Stable Fair Value And Governance Changes Will Shape Future Risk Profile
Analysts have nudged their price target for FirstRand higher to R101.33 from R99.22, pointing to slightly refined assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News FirstRand has scheduled a special or extraordinary shareholders meeting for February 11, 2026, giving investors a date to watch for potential company resolutions or structural decisions (Key Developments).FSR: Stable Fair Value And Auditor Transition Will Shape Future Risk Profile
Analysts have raised their price target for FirstRand to R99.22, unchanged from the previous R99.22, reflecting updated model inputs on discount rates, revenue growth, profit margin and a slightly higher assumed future P/E of 15.00x. What's in the News Shareholders approved the appointment of KPMG Inc.FSR: Improved Profitability And Lower Risk Will Support Further Share Upside
Analysts have nudged their price target for FirstRand higher by approximately R2.20 to around R99.20, citing slightly faster expected revenue growth, a modestly improved profit margin, and a marginally lower discount rate that supports a richer, but still reasonable, future P E multiple. What's in the News Shareholders approved the appointment of KPMG Inc.FSR: Projected Revenue Gains And Higher Fair Value Will Support Upside Potential
Analysts have slightly raised their price target for FirstRand from R94.57 to R97.02, citing marginal improvements to forecasts for fair value and revenue growth, even though there have been only minor adjustments to key assumptions. Valuation Changes Fair Value has risen slightly from ZAR94.57 to ZAR97.02.FSR: Reduced Discount Rate And Rising Margins Will Drive Future Upside
Analysts have raised their fair value estimate for FirstRand from R93.89 to R94.57 per share, citing improved profit margins and a lower discount rate as key drivers behind the upward revision. Valuation Changes Fair Value Estimate: Increased slightly from ZAR 93.89 to ZAR 94.57 per share.Here's Why We Think FirstRand (JSE:FSR) Might Deserve Your Attention Today
Nov 10
FSR: Stable Discount Rate And Political Stability Will Drive Future Market Confidence
Narrative Update on FirstRand: Analyst Price Target Change FirstRand's analyst price target remains unchanged at R93.89. Analysts note that updated assumptions for discount rate, revenue growth, and profitability have not meaningfully impacted their overall valuation outlook.Lower Inflation And Political Stability Will Stimulate Credit Growth Opportunities
Narrative Update on FirstRand: Analyst Price Target Revision Analysts have raised their fair value estimate for FirstRand from R93.14 to R93.89. This change reflects modest improvements in revenue growth assumptions and a slightly higher projected discount rate.Lower Inflation And Political Stability Will Stimulate Credit Growth Opportunities
Analysts have raised their price target for FirstRand from R89.61 to R93.14. This reflects increased confidence in the company’s improving profit margins and consistent revenue performance.Lower Inflation And Political Stability Will Stimulate Credit Growth Opportunities
FirstRand’s future P/E multiple has decreased while its net profit margin has improved, supporting a marginal increase in the consensus analyst price target from ZAR88.49 to ZAR89.61. What's in the News FirstRand raised its full-year earnings guidance for FY2025, now expecting low double-digit to mid-teens earnings growth, above its long-term target of nominal GDP + 0–3%.Should You Be Adding FirstRand (JSE:FSR) To Your Watchlist Today?
Jul 28
Lower Inflation And Political Stability Will Stimulate Credit Growth Opportunities
Improved affordability and economic recovery could drive increased consumer and corporate credit demand, positively impacting revenue growth.Shareholder Returns
| FSR | ZA Diversified Financial | ZA Market | |
|---|---|---|---|
| 7D | 0.3% | 0.4% | -1.0% |
| 1Y | 19.9% | 20.2% | 20.9% |
Return vs Industry: FSR matched the ZA Diversified Financial industry which returned 20.2% over the past year.
Return vs Market: FSR underperformed the ZA Market which returned 20.9% over the past year.
Price Volatility
| FSR volatility | |
|---|---|
| FSR Average Weekly Movement | 4.2% |
| Diversified Financial Industry Average Movement | 4.9% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in ZA Market | 9.6% |
| 10% least volatile stocks in ZA Market | 3.2% |
Stable Share Price: FSR has not had significant price volatility in the past 3 months compared to the ZA market.
Volatility Over Time: FSR's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1966 | 51,244 | Mary Vilakazi | www.firstrand.co.za |
FirstRand Limited, together with its subsidiaries, provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, and internationally. It operates in Retail and Commercial, and Corporate and Institutional segments. The company offers deposits and savings products; personal loans; and asset and invoice finance, as well as SME commercial, residential, and buy-to-let mortgages.
FirstRand Limited Fundamentals Summary
| FSR fundamental statistics | |
|---|---|
| Market cap | R491.05b |
| Earnings (TTM) | R43.93b |
| Revenue (TTM) | R139.30b |
11.2x
P/E Ratio3.5x
P/S RatioIs FSR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FSR income statement (TTM) | |
|---|---|
| Revenue | R139.30b |
| Cost of Revenue | R1.76b |
| Gross Profit | R137.54b |
| Other Expenses | R93.61b |
| Earnings | R43.93b |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
Sep 10, 2026
| Earnings per share (EPS) | 7.89 |
| Gross Margin | 98.74% |
| Net Profit Margin | 31.53% |
| Debt/Equity Ratio | 45.4% |
How did FSR perform over the long term?
See historical performance and comparisonDividends
5.9%
Current Dividend Yield64%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/03 10:17 |
| End of Day Share Price | 2026/04/30 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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 Github.
Analyst Sources
FirstRand Limited is covered by 22 analysts. 8 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 |
|---|---|
| Ilan Stermer | Anchor Stockbrokers Proprietary Limited |
| Jaap Meijer | Arqaam Capital Research Offshore S.A.L. |
| Adrienne Damant | Avior Capital Markets |