FirstRand (FSR) Stock Overview
Provides transactional, lending, investment and insurance products and solutions in South Africa, rest of Africa, the United Kingdom, rest of Europe, Asia, the Americas, and Australia. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
FSR Community Fair Values
Create NarrativeSee what 74 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
FirstRand Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R93.87 |
| 52 Week High | R102.88 |
| 52 Week Low | R76.96 |
| Beta | 0.54 |
| 1 Month Change | -4.09% |
| 3 Month Change | -5.20% |
| 1 Year Change | 15.90% |
| 3 Year Change | 43.51% |
| 5 Year Change | 52.73% |
| Change since IPO | 26,720.00% |
Recent News & Updates
Narrative Update • Sep 11
FSR: Earnings Resilience And Refined Assumptions Will Shape Future Upside
The analyst price target for FirstRand has been revised slightly higher to ZAR107.74 from ZAR105.13, with analysts linking this change to updated assumptions for revenue growth, profit margin and a modestly lower expected future P/E multiple. What's in the News No recent FirstRand specific news items or key developments were provided in the available sources as of 11 Sep 2026.Narrative Update • Jun 23
FSR: Earnings Resilience And Citi Downgrade Will Shape Future Upside
Analysts have nudged their price target for FirstRand slightly higher, with fair value moving from ZAR104.41 to ZAR105.13. This reflects updated views on the discount rate, revenue growth, profit margin and future P/E assumptions following recent research that included a downgrade from Citi.Narrative Update • Jun 07
FSR: Earnings Resilience And Discount Rate Shift Will Support Future Upside
Analysts have made a small upward tweak to their ZAR price target for FirstRand, reflecting slightly adjusted assumptions for fair value, discount rate, revenue growth, profit margin and future P/E following recent research that included a downgrade at Citi. What's in the News Analysts have revised fair value, discount rate, revenue growth assumptions, profit margin and future P/E inputs for FirstRand following recent research updates.Recent updates
Narrative Update • Sep 11
FSR: Earnings Resilience And Refined Assumptions Will Shape Future Upside
The analyst price target for FirstRand has been revised slightly higher to ZAR107.74 from ZAR105.13, with analysts linking this change to updated assumptions for revenue growth, profit margin and a modestly lower expected future P/E multiple. What's in the News No recent FirstRand specific news items or key developments were provided in the available sources as of 11 Sep 2026.Narrative Update • Jun 23
FSR: Earnings Resilience And Citi Downgrade Will Shape Future Upside
Analysts have nudged their price target for FirstRand slightly higher, with fair value moving from ZAR104.41 to ZAR105.13. This reflects updated views on the discount rate, revenue growth, profit margin and future P/E assumptions following recent research that included a downgrade from Citi.Narrative Update • Jun 07
FSR: Earnings Resilience And Discount Rate Shift Will Support Future Upside
Analysts have made a small upward tweak to their ZAR price target for FirstRand, reflecting slightly adjusted assumptions for fair value, discount rate, revenue growth, profit margin and future P/E following recent research that included a downgrade at Citi. What's in the News Analysts have revised fair value, discount rate, revenue growth assumptions, profit margin and future P/E inputs for FirstRand following recent research updates.Narrative Update • May 22
FSR: Earnings Quality And Resilient Positioning Will Support Future Upside
Analysts have trimmed their ZAR fair value estimate for FirstRand slightly to ZAR104.33 from ZAR104.45, reflecting updated assumptions around discount rates and earnings quality following recent research, including a downgrade highlighted by Citi. Analyst Commentary Recent commentary around FirstRand reflects a mix of confidence in the group’s long term positioning and a more cautious stance on how much of that quality is already captured in the share price, especially following the recent downgrade referenced in street research.Analysis Article • May 07
If EPS Growth Is Important To You, FirstRand (JSE:FSR) Presents An Opportunity
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Narrative Update • May 02
FSR: Higher Discount Rate Will Support More Resilient Future Returns
Analysts have maintained the fair value for FirstRand at ZAR104.45 per share, incorporating a slightly higher discount rate and modest adjustments to revenue growth, profit margin and future P/E inputs, as some have turned more cautious on the stock following a recent downgrade at Citi. Analyst Commentary Recent research around FirstRand has focused on how the current share price compares with the updated fair value of ZAR104.45, especially after the recent downgrade at Citi and the decision to apply a slightly higher discount rate.Narrative Update • Apr 11
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.Narrative Update • Mar 27
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.Narrative Update • Mar 11
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.Narrative Update • Feb 24
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).Narrative Update • Feb 10
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).Narrative Update • Jan 24
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).Narrative Update • Jan 08
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.Narrative Update • Dec 16
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.Narrative Update • Dec 01
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.Narrative Update • Nov 17
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.Analysis Article • Nov 10
Here's Why We Think FirstRand (JSE:FSR) Might Deserve Your Attention Today
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Narrative Update • Nov 01
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.Narrative Update • Oct 18
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.Narrative Update • Oct 03
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.Narrative Update • Sep 16
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%.
New Narrative • Mar 09
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 | -3.1% | -2.3% | -1.6% |
| 1Y | 15.9% | 15.6% | 5.7% |
Return vs Industry: FSR matched the ZA Diversified Financial industry which returned 15.6% over the past year.
Return vs Market: FSR exceeded the ZA Market which returned 5.7% over the past year.
Price Volatility
| FSR volatility | |
|---|---|
| FSR Average Weekly Movement | 2.9% |
| Diversified Financial Industry Average Movement | 6.6% |
| Market Average Movement | 4.7% |
| 10% most volatile stocks in ZA Market | 10.8% |
| 10% least volatile stocks in ZA Market | 2.6% |
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 (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1966 | 51,712 | Mary Vilakazi | www.firstrand.co.za |
FirstRand Limited, together with its subsidiaries, provides transactional, lending, investment and insurance products and solutions in South Africa, rest of Africa, the United Kingdom, rest of Europe, Asia, the Americas, and Australia. It operates in Retail and Commercial, Corporate and Institutional, and Centre segments. The company offers savings and investment products; mortgage loans and commercial property finance; credit and debit cards; personal loans; debtor and leveraged finance; securities-based lending; foreign exchange; funeral, credit life, life, and short term insurance policies; and various services, including transactional and deposit taking, card-acquiring, credit facilities, insurance, trust and fiduciary services, rewards programme, FNB Connect, merchant services, and cash management solutions.
FirstRand Limited Fundamentals Summary
| FSR fundamental statistics | |
|---|---|
| Market cap | R522.05b |
| Earnings (TTM) | R38.40b |
| Revenue (TTM) | R132.90b |
13.6x
P/E Ratio3.9x
P/S RatioIs FSR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FSR income statement (TTM) | |
|---|---|
| Revenue | R132.90b |
| Cost of Revenue | R1.89b |
| Gross Profit | R131.01b |
| Other Expenses | R92.61b |
| Earnings | R38.40b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 6.91 |
| Gross Margin | 98.58% |
| Net Profit Margin | 28.90% |
| Debt/Equity Ratio | 124.5% |
How did FSR perform over the long term?
See historical performance and comparisonDividends
6.0%
Current Dividend Yield78%
Payout RatioDoes FSR pay a reliable dividends?
See FSR dividend history and benchmarks| FirstRand dividend dates | |
|---|---|
| Ex Dividend Date | Oct 07 2026 |
| Dividend Pay Date | Oct 12 2026 |
| Days until Ex dividend | 17 days |
| Days until Dividend pay date | 22 days |
Does FSR pay a reliable dividends?
See FSR dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/20 08:23 |
| End of Day Share Price | 2026/09/18 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2026/06/30 |
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 |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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 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 21 analysts. 9 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 |