Company Valuation: FirstRand Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 300,612 349,672 384,032 430,958 423,437 562,288 - -
Change - 16.32% 9.83% 12.22% -1.75% 32.79% - -
Enterprise Value (EV) 300,612 349,672 384,032 430,958 423,437 562,288 562,288 562,288
Change - 16.32% 9.83% 12.22% -1.75% 32.79% 0% 0%
P/E 11.2x 10.7x 10.6x 11.3x 10.1x 13.8x 11.2x 9.75x
PBR 1.84x 1.98x 2.13x 2.2x 1.95x 2.46x 2.23x 2.03x
PEG - 0.5x 1x 2.24x 1.03x -5.93x 0.5x 0.7x
Capitalization / Revenue 2.78x 3.05x 2.91x 3.1x 2.89x 3.5x 3.34x 3.07x
EV / Revenue 0x 0x 0x 0x 0x 3.5x 3.34x 3.07x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x - - 0x 7.6x 6.43x 5.86x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 2.63 3.42 3.84 4.15 4.66 4.89 5.88 6.522
Rate of return 4.91% 5.48% 5.61% 5.4% 6.16% 4.84% 5.82% 6.46%
EPS 2 4.769 5.843 6.487 6.814 7.479 7.305 9.051 10.36
Distribution rate 55.1% 58.5% 59.2% 60.9% 62.3% 66.9% 65% 62.9%
Net sales 1 108,059 114,712 131,986 138,978 146,753 160,502 168,295 183,167
EBITDA - - - - - - - -
EBIT 1 50,633 53,761 - - 70,755 73,984 87,474 95,989
Net income 1 26,743 33,599 36,366 38,191 41,876 42,040 55,816 60,931
Net Debt - - - - - - - -
Reference price 2 53.59 62.37 68.50 76.90 75.69 101.03 101.03 101.03
Nbr of stocks (in thousands) 5,609,488 5,606,414 5,606,303 5,604,137 5,594,358 5,565,559 - -
Announcement Date 16/09/21 15/09/22 14/09/23 12/09/24 11/09/25 - - -
1ZAR in Million2ZAR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.14x - - 1.76% 950B
13.5x - - 1.87% 442B
5.96x - - 5.2% 380B
12.71x - - 4.12% 354B
5.73x - - 5.32% 301B
18.54x - - 2.3% 294B
11.95x - - 2.19% 264B
5.98x - - 5.26% 260B
14.45x - - 2.74% 254B
Average 11.44x 3.42% 388.75B
Weighted average by Cap. 11.92x 3.1%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. FSR Stock
  4. FANDF Stock
  5. Valuation FirstRand Limited