FirstRand Limited (FANDF) Stock

About FirstRand Limited

FirstRand Ltd. operates as a holding company, which engages in the provision of banking, insurance and investment products and services to retail, commercial, corporate and public sector customers. It operates through the following segments: FNB, FNB Africa, WesBank, RMB, and Centre. The FNB segment offers financial products and services to market segments including consumer, small business, agricultural, medium-sized corporate, parastatal and government entities. The FNB Africa segment is composed of a support division acting as strategic enabler, facilitator and coordinator for FNB's broader Africa businesses. The WesBank segment represents the bank's activities in instalment credit, fleet management and related services in the retail, commercial and corporate segments of South Africa. The RMB segment refers to the bank's activities in the corporate and investment banking segments in South Africa, the broader African continent and India. The Centre segment includes group-wide functions, including treasury, finance, tax, STET, regulatory risk management, and internal audit. The company was founded in 1966 and is headquartered in Johannesburg, South Africa.

FirstRand Limited is headquartered in ZA.

FirstRand Limited (FANDF) stock trades at $5.60 with a market capitalization of $31.31B. The stock is valued at a price-to-earnings (P/E) ratio of 12.76, price-to-book of 2.53, price-to-sales of 2.09. Over the past 52 weeks the stock has ranged between $4.22 and $6.01, and currently trades 6.8% below its 52-week high. It pays a dividend yielding 5.54%.

On profitability, FirstRand Limited generates a return on equity (ROE) of 19.99%, above the typical market range of roughly 12-15%, return on capital employed of 15.18%, an operating margin of 21.54%, a net profit margin of 16.95%.

In its most recent fiscal year, FirstRand Limited reported annual revenue of $132.8B, net profit of $43.5B. Over the last 5 fiscal years, revenue grew at an average annual rate of 4.9%, and net profit grew at an average annual rate of 19.1%. Over that span net profit grew faster than revenue, so net margin widened.

The balance sheet shows a debt-to-equity ratio of 0.22 (debt below half of shareholders' equity), a current ratio of 0.08, total assets of $2.59T, $126.1B in cash and equivalents. For banks and other lenders, borrowing and deposits are part of the business model, so debt-to-equity and the current ratio read differently than for other companies.

FANDF has an average daily trading volume of 20 shares, a beta of 0.54 (historically less volatile than the overall market).

Official website: www.firstrand.co.za