First Gen (FGEN.PM) Stock Price

First Gen Price

CLOSED
16.00USD+15.70 (+192.66 %)
Market closed

Revenue has compounded at 3.1% per year over the past 9 years to 2.41 B USD. Earnings per share have grown at 7.5% per year over the last 9 years. First Gen's net margin stands at 10.5%, down from 14.1% several years earlier. First Gen currently offers a dividend yield of about 8.44%. The payout ratio is around 31% of earnings. The dividend has grown at 16.2% per year over the past 9 years. Analysts set a median price target of 0.44 USD, implying 97.2% below the current price. Of 8 analysts, 6 rate the stock a buy — an overall Buy consensus. The stock trades about 6,242% above its 52-week low.

First Gen stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of First Gen over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how First Gen stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing First Gen's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

First Gen Stock Price History
DateFirst Gen Price
6/19/202616.00 USD
3/27/20260.30 USD
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Access this data via the Eulerpool API

First Gen Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2020
1.83 B USD
531.52 M USD
258.51 M USD
Jan 1, 2021
2.17 B USD
484.37 M USD
249.17 M USD
Jan 1, 2022
2.67 B USD
533.01 M USD
257.04 M USD
Jan 1, 2023
2.47 B USD
555.70 M USD
311.77 M USD
Jan 1, 2024
2.41 B USD
494.94 M USD
252.50 M USD
Jan 1, 2025 (e)
2.43 B USD
527.76 M USD
289.81 M USD
Jan 1, 2026 (e)
1.11 B USD
432.89 M USD
190.76 M USD
Jan 1, 2027 (e)
1.16 B USD
452.68 M USD
205.44 M USD

First Gen Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 13, 2026, 6:31 AM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM USD
NET INCOMEM USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESB
20152016201720182019202020212022202320242025e2026e2027e
1.841.561.711.982.151.832.172.672.472.412.431.111.16
-14.989.4215.818.75-14.9218.3623.08-7.20-2.710.96-54.164.49
37.5844.1437.0634.5835.2939.6232.3228.2431.7331.5731.5731.5731.57
690.00689.00633.00684.00759.00725.00700.00753.00785.00760.00767.26351.74367.53
131.00169.00106.00198.00279.00258.00249.00257.00311.00252.00289.00190.00205.00
29.01-37.2886.7940.91-7.53-3.493.2121.01-18.9714.68-34.267.89
1.400.350.350.350.550.560.700.770.901.350.800.860.92
-75.0057.141.8225.0010.0016.8850.00-40.747.506.98
3.583.603.603.653.583.553.563.603.603.603.603.603.60
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales First Gen generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue First Gen retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare First Gen's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares First Gen has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against First Gen's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

First Gen stock margins

The First Gen margin analysis displays the gross margin, EBIT margin, as well as the profit margin of First Gen. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for First Gen.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2020
39.64 %
29.04 %
14.12 %
Jan 1, 2021
32.33 %
22.35 %
11.50 %
Jan 1, 2022
28.24 %
19.99 %
9.64 %
Jan 1, 2023
31.76 %
22.45 %
12.60 %
Jan 1, 2024
31.56 %
20.55 %
10.49 %
Jan 1, 2025 (e)
31.56 %
21.72 %
11.93 %
Jan 1, 2026 (e)
31.56 %
38.86 %
17.12 %
Jan 1, 2027 (e)
31.56 %
38.86 %
17.63 %

First Gen Stock Revenue, EBIT, Earnings per Share

The First Gen earnings per share therefore indicates how much revenue First Gen has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2020
0.52 USD
0.15 USD
0.07 USD
Jan 1, 2021
0.61 USD
0.14 USD
0.07 USD
Jan 1, 2022
0.74 USD
0.15 USD
0.07 USD
Jan 1, 2023
0.69 USD
0.15 USD
0.09 USD
Jan 1, 2024
0.67 USD
0.14 USD
0.07 USD
Jan 1, 2025 (e)
0.68 USD
0.15 USD
0.08 USD
Jan 1, 2026 (e)
0.31 USD
0.12 USD
0.05 USD
Jan 1, 2027 (e)
0.32 USD
0.13 USD
0.06 USD

First Gen business model & stock analysis

First Gen Corp is a leading energy provider in the Philippines and acts as a holding company for various subsidiary companies specializing in renewable energy production. The history of First Gen Corp began in 1998 when the Philippine government initiated the liberalization of the energy market and promoted private investments in the energy sector. First Gen Corp was one of the first companies to benefit from this political opening and focused on building innovative and sustainable energy facilities. The business model of First Gen Corp is based on the principle of diversification. The company currently operates seven power plants in various energy sources such as gas, geothermal, hydro, and wind power. This versatility allows First Gen Corp to operate independently of the fluctuations of a specific energy source and diversify energy supply in the Philippines. One example of this is the San Lorenzo gas field. It is the largest gas field power plant in the Philippines and is 100% owned by First Gen Corp. It is capable of producing up to 1,500 megawatts of electricity and is thus an important part of the energy supply in the Philippines. Another important business area of First Gen Corp is the production of renewable energy, particularly geothermal and hydro power. The company owns and operates the geothermal plant in the Bauang geothermal field, which contributes to reducing the Philippines' energy dependence. The Pantabangan hydro power plant in the province of Nueva Ecija is currently the largest hydro power plant in the Philippines. In addition to energy production, First Gen Corp also provides maintenance and repair services, particularly in the power plant sector. First Gen Corp is also a pioneer in digital transformation. The company uses state-of-the-art technologies to increase energy production efficiency and reduce environmental impact. Examples of this include the implementation of AI systems for energy forecasting and the use of big data analytics to optimize energy consumption. First Gen Corp's customers include large industrial clients, branches of banks and retailers, as well as energy distribution companies. The company also operates its own energy exchange, which helps make energy prices in the Philippines transparent and market-oriented. In summary, First Gen Corp is a significant player in the Philippines actively driving the energy transition. The company has succeeded in specializing in energy production from various sources while reducing environmental impact. Through the implementation of cutting-edge technology and collaboration with customers and partners, First Gen Corp has diversified energy supply in the Philippines and created a sustainable energy future.

First Gen SWOT Analysis

Strengths

First Gen Corp has a diverse portfolio of power generation assets, which includes natural gas, geothermal, hydro, and wind projects. This allows the company to have a strong and resilient power generation capacity.

The company has a solid financial position and strong cash flows, enabling it to invest in new projects and sustain its operations.

First Gen Corp has established strong relationships with local and international partners, facilitating collaborations, joint ventures, and access to new technologies and markets.

Weaknesses

First Gen Corp is highly dependent on natural gas as a fuel source for its power generation. Any disruption in the supply or significant increase in prices can negatively impact its operations and financial performance.

The company faces regulatory and policy risks, as government regulations and changes in energy policies can affect the company's operations and profitability.

First Gen Corp has limited geographic diversification, with most of its assets concentrated in the Philippines. This exposes the company to country-specific risks and vulnerabilities.

Opportunities

The increasing demand for clean and renewable energy presents opportunities for First Gen Corp to expand its portfolio of renewable energy projects, such as solar and biomass.

The company can take advantage of the government's push for energy independence, by further developing its geothermal and hydro energy projects.

First Gen Corp can explore international markets and partnerships to diversify its operations and reduce its reliance on the Philippine market.

Threats

The volatility of fuel prices, particularly natural gas, poses a significant threat to First Gen Corp's profitability. Fluctuations in prices can impact the company's operational costs and margins.

Competition in the power generation industry is intense, with many players vying for market share. First Gen Corp must continuously innovate and differentiate itself to stay competitive.

The unpredictable impact of climate change and extreme weather events can disrupt the operations of First Gen Corp's power plants and infrastructure, potentially leading to financial losses.

First Gen Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

First Gen historical P/E ratio, EBIT multiple, and P/S ratio

First Gen annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

First Gen shares outstanding

The number of shares of First Gen was 3.6 B in 2025. This indicates how many shares First Gen is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2020
3.55 B Stocks
Jan 1, 2021
3.56 B Stocks
Jan 1, 2022
3.60 B Stocks
Jan 1, 2023
3.60 B Stocks
Jan 1, 2024
3.60 B Stocks
Jan 1, 2025 (e)
3.60 B Stocks
Jan 1, 2026 (e)
3.60 B Stocks
Jan 1, 2027 (e)
3.60 B Stocks

First Gen stock splits

In First Gen's history, there have been no stock splits.

First Gen Dividend History

15 years of dividend payments

YearAnnual DividendYoY ChangePayments
20250.80USD 40.7%
Jun 16, 20250.40USD 11.1%1/2
Dec 12, 20250.40USD 0.0%2/2
20241.35USD 50.0%
20230.90USD 16.9%
20220.77USD 10.0%
20210.70USD 25.0%
20200.56USD 1.8%
20190.55USD 57.1%
20180.35USD 0.0%
20170.35USD 0.0%
20160.35USD 0.0%

First Gen dividend history and estimates

In 2025, First Gen paid a dividend amounting to 0.80 USD. Dividend means that First Gen distributes a portion of its profits to its owners.
  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2020
0.56 USD
0.00 USD
Jan 1, 2021
0.70 USD
0.00 USD
Jan 1, 2022
0.77 USD
0.00 USD
Jan 1, 2023
0.90 USD
0.00 USD
Jan 1, 2024
1.35 USD
0.00 USD
Jan 1, 2025
0.80 USD
0.00 USD
Jan 1, 2026 (e)
0.00 USD
0.86 USD
Jan 1, 2027 (e)
0.00 USD
0.92 USD

First Gen dividend payout ratio

In 2025, First Gen had a payout ratio of 992.80%. The payout ratio indicates the percentage of the company's profits that First Gen distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2020
12.50 %
Jan 1, 2021
16.23 %
Jan 1, 2022
17.48 %
Jan 1, 2023
16.85 %
Jan 1, 2024
31.21 %
Jan 1, 2025 (e)
992.80 %
Jan 1, 2026 (e)
1,619.82 %
Jan 1, 2027 (e)
1,615.33 %

Current First Gen forecasts and price targets in July 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy75.00 % (6)
Hold25.00 % (2)
Sell0.00 % (0)
12M Price Target
0.00
Last Price
16.00
Currency
USD
12M Return Potential
-100.00 %
LTM Return
0 %

First Gen shareholder structure

% Name
67.84312%
First Philippine Holdings Corp
First Philippine Holdings Corp
19.90381%
Valorous Asia Holdings Pte Ltd
Valorous Asia Holdings Pte Ltd
0.22603%
Inspire Investing
Inspire Investing
0.22496%
Puno (Francis Giles B.)
Puno (Francis Giles B.)
0.17115%
Lopez (Federico R.)
Lopez (Federico R.)
0.05949%
Russell (Jonathan C.)
Russell (Jonathan C.)

First Gen Executives and Management Board

FL

Mr. Federico Lopez

Chairman of the Board, Chief Executive Officer · since 1998

FP

Mr. Francis Giles Puno

President, Chief Operating Officer, Director · since 2000

ES

Mr. Emmanuel Singson

Chief Financial Officer, Executive Vice President, Treasurer

VS

Mr. Victor Emmanuel Santos

Executive Vice President, Corporate Information Officer

JR

Mr. Jonathan Russell

(57)

Executive Vice President, Chief Commercial Officer

...

Frequently asked questions about First Gen

The business model of First Gen Corp is focused on the development and operation of power generation facilities, primarily utilizing clean and renewable energy sources. As one of the leading power companies in the Philippines, First Gen Corp has a diverse portfolio that includes natural gas, geothermal, hydro, and solar power plants. The company aims to provide sustainable and reliable energy solutions to meet the growing demand in the country. With a strong emphasis on environmental responsibility and innovation, First Gen Corp is dedicated to reducing carbon emissions and promoting a greener future for the energy sector.

All fundamentals and in-depth analysis of First Gen

Our stock analysis for First Gen stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of First Gen. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.