Financials First Gen Corporation

Equities

End-of-day quote Philippines S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
19.2 ^PHP	+0.10%		+1.05%	+10.34%

Apr. 08	First Gen Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Feb. 15	HPQ Silicon Says Commercial Li-Ion Batteries Made With Novacium's First Gen Engineered Siox Material	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	1,692	2,082	1,964	1,092	1,130	1,195	-
Enterprise Value (EV) ¹	2,976	3,205	2,968	1,887	1,130	1,829	1,345
P/E ratio	6.09 x	8.03 x	7.8 x	4.28 x	3.61 x	3.99 x	3.78 x
Yield	1.17%	0.98%	2.45%	4.85%	-	4.35%	4.94%
Capitalization / Revenue	0.79 x	1.14 x	0.91 x	0.41 x	0.46 x	0.46 x	0.46 x
EV / Revenue	1.38 x	1.75 x	1.37 x	0.71 x	0.46 x	0.7 x	0.51 x
EV / EBITDA	3.88 x	4.19 x	4.19 x	2.52 x	1.45 x	2 x	1.47 x
EV / FCF	4.62 x	7.07 x	5.39 x	4.9 x	-	3.05 x	2.27 x
FCF Yield	21.6%	14.1%	18.5%	20.4%	-	32.8%	44.1%
Price to Book	0.8 x	0.86 x	0.8 x	0.45 x	-	0.34 x	0.31 x
Nbr of stocks (in thousands)	3,560,228	3,552,181	3,596,576	3,596,576	3,596,576	3,596,576	-
Reference price ²	0.4753	0.5862	0.5462	0.3036	0.3141	0.3324	0.3324
Announcement Date	3/18/20	3/20/21	4/6/22	4/5/23	4/8/24	-	-

¹USD in Million²USD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	2,151	1,830	2,167	2,667	2,475	2,621	2,624
EBITDA ¹	767.8	764.9	709	750.1	780.1	915.8	915.2
EBIT ¹	543	531.5	484.4	533	550.6	690.6	685.4
Operating Margin	25.24%	29.04%	22.35%	19.99%	22.25%	26.35%	26.12%
Earnings before Tax (EBT) ¹	481.3	479	428.1	463.8	530.3	597.3	582.5
Net income ¹	296	282.1	258.3	261.4	312.2	311.2	327
Net margin	13.76%	15.41%	11.92%	9.8%	12.62%	11.87%	12.46%
EPS ²	0.0780	0.0730	0.0700	0.0710	0.0870	0.0834	0.0878
Free Cash Flow ¹	644.2	453.5	550.3	384.8	-	599.4	593
FCF margin	29.95%	24.78%	25.4%	14.43%	-	22.87%	22.6%
FCF Conversion (EBITDA)	83.9%	59.29%	77.62%	51.31%	-	65.44%	64.8%
FCF Conversion (Net income)	217.65%	160.75%	213.1%	147.23%	-	192.61%	181.36%
Dividend per Share ²	0.005550	0.005760	0.0134	0.0147	-	0.0145	0.0164
Announcement Date	3/18/20	3/20/21	4/6/22	4/5/23	4/8/24	-	-

¹USD in Million²USD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	1,284	1,123	1,003	795	-	634	149
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.672 x	1.468 x	1.415 x	1.06 x	-	0.6917 x	0.163 x
Free Cash Flow ¹	644	454	550	385	-	599	593
ROE (net income / shareholders' equity)	14.9%	14.2%	12%	10.8%	-	9.26%	8.93%
ROA (Net income/ Total Assets)	5.77%	7.21%	6.32%	4.81%	-	9.21%	8.47%
Assets ¹	5,131	3,913	4,086	5,440	-	3,377	3,861
Book Value Per Share ²	0.6000	0.6800	0.6800	0.6700	-	0.9900	1.070
Cash Flow per Share ²	0.2100	0.1700	0.2400	0.1800	-	0.2200	0.2200
Capex ¹	119	149	320	249	-	186	191
Capex / Sales	5.52%	8.14%	14.76%	9.34%	-	7.1%	7.29%
Announcement Date	3/18/20	3/20/21	4/6/22	4/5/23	4/8/24	-	-

¹USD in Million²USD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.3324 USD

Average target price

0.505 USD

Spread / Average Target

+51.95%

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