First Gen Corp
First Gen Corp operates in Environmental & Facilities Services.
First Gen Corp (FGEN) - Net Assets
Latest net assets as of September 2023: ₱2.61 Billion PHP
Based on the latest financial reports, First Gen Corp (FGEN) has net assets worth ₱2.61 Billion PHP as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱5.64 Billion) and total liabilities (₱3.03 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₱2.61 Billion |
| % of Total Assets | 46.24% |
| Annual Growth Rate | 6.15% |
| 5-Year Change | 30.12% |
| 10-Year Change | N/A |
| Growth Volatility | 6.39 |
First Gen Corp - Net Assets Trend (2014–2022)
This chart illustrates how First Gen Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First Gen Corp (2014–2022)
The table below shows the annual net assets of First Gen Corp from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱2.41 Billion | -0.99% |
| 2021-12-31 | ₱2.44 Billion | +0.60% |
| 2020-12-31 | ₱2.42 Billion | +14.05% |
| 2019-12-31 | ₱2.12 Billion | +14.55% |
| 2018-12-31 | ₱1.86 Billion | -1.44% |
| 2017-12-31 | ₱1.88 Billion | +13.19% |
| 2016-12-31 | ₱1.66 Billion | +4.04% |
| 2015-12-31 | ₱1.60 Billion | +6.69% |
| 2014-12-31 | ₱1.50 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Gen Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 184.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱2.10 Billion | 86.99% |
| Common Stock | ₱75.12 Million | 3.11% |
| Other Components | ₱238.92 Million | 9.90% |
| Total Equity | ₱2.41 Billion | 100.00% |
First Gen Corp Competitors by Market Cap
The table below lists competitors of First Gen Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GREATVIEW ASEPT
BE:8GA
|
$2.83K |
|
Thang Long Joint Stock Corp
VN:TTL
|
$2.83K |
|
Vietnam Constr
VN:CMS
|
$2.83K |
|
DigiPlus Interactive Corp.
PSE:PLUS
|
$2.83K |
|
BGI Group JSC
VN:VC7
|
$2.82K |
|
HTM International Holding Ltd.
TWO:4924
|
$2.82K |
|
NEW AFRICAN PROPERTIES LIMITED
XBOT:NAP-EQU
|
$2.82K |
|
Capital Metals PLC
LSE:CMET
|
$2.81K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Gen Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 2,438,010,000 to 2,413,980,000, a change of -24,030,000 (-1.0%).
- Net income of 261,390,000 contributed positively to equity growth.
- Dividend payments of 33,100,000 reduced retained earnings.
- Share repurchases of 101,384,000 reduced equity.
- Other factors decreased equity by 150,936,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱261.39 Million | +10.83% |
| Dividends Paid | ₱33.10 Million | -1.37% |
| Share Repurchases | ₱101.38 Million | -4.2% |
| Other Changes | ₱-150.94 Million | -6.25% |
| Total Change | ₱- | -0.99% |
Book Value vs Market Value Analysis
This analysis compares First Gen Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 25.57x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 37.78x to 25.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₱0.45 | ₱17.16 | x |
| 2017-12-31 | ₱0.51 | ₱17.16 | x |
| 2018-12-31 | ₱0.51 | ₱17.16 | x |
| 2019-12-31 | ₱0.60 | ₱17.16 | x |
| 2020-12-31 | ₱0.68 | ₱17.16 | x |
| 2021-12-31 | ₱0.68 | ₱17.16 | x |
| 2022-12-31 | ₱0.67 | ₱17.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Gen Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.83%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.80%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 2.23x
- Recent ROE (10.83%) is below the historical average (11.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 12.89% | 10.15% | 0.36x | 3.53x | ₱43.35 Million |
| 2015 | 10.47% | 9.11% | 0.33x | 3.45x | ₱7.49 Million |
| 2016 | 12.00% | 12.78% | 0.30x | 3.18x | ₱33.30 Million |
| 2017 | 7.14% | 7.87% | 0.31x | 2.92x | ₱-53.80 Million |
| 2018 | 11.92% | 11.18% | 0.39x | 2.73x | ₱35.69 Million |
| 2019 | 13.94% | 13.77% | 0.41x | 2.45x | ₱83.71 Million |
| 2020 | 11.38% | 15.06% | 0.32x | 2.36x | ₱33.35 Million |
| 2021 | 10.59% | 11.92% | 0.39x | 2.26x | ₱14.45 Million |
| 2022 | 10.83% | 9.80% | 0.50x | 2.23x | ₱19.99 Million |
Industry Comparison
This section compares First Gen Corp's net assets metrics with peer companies in the Electrical Utilities & IPPs industry.
Industry Context
- Industry: Electrical Utilities & IPPs
- Average net assets among peers: $48,170,858,509
- Average return on equity (ROE) among peers: 11547.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Gen Corp (FGEN) | ₱2.61 Billion | 12.89% | 1.16x | $2.83K |
| AC Energy Philippines Inc (ACEN) | $7.86 Billion | 11.60% | 1.37x | $387.92 |
| Alsons Consolidated Resources Inc (ACR) | $11.49 Billion | 1.28% | 2.97x | $154.51 |
| Aboitiz Power Corp (AP) | $97.57 Billion | 18.04% | 1.49x | $7.15K |
| First Philippine Holdings Corp (FPH) | $132.76 Billion | 9.55% | 2.17x | $11.48K |
| Lopez Holdings Corp (LPZ) | $78.78 Billion | 6.90% | 4.44x | $571.70 |
| Manila Electric Co (MER) | $95.20 Billion | 24.68% | 4.08x | $95.40K |
| Synergy Grid and Development Phils Inc (SGP) | $7.75 Million | 103833.65% | 0.06x | $3.04K |
| SPC Power Corp (SPC) | $9.88 Billion | 18.77% | 0.11x | $1.73K |
| Solar Philippines Nueva Ecija Corp (SPNEC) | $-986.94K | 0.00% | 0.00x | $207.05 |