FirstRand Limited

JSE-FSR

Basic

Market Cap
ZAR 448.78B
EV
—
Shares Out
5,604.14M
Revenue
ZAR 125.37B
Employees
50,178

Margins

Gross
—
EBITDA
—
Operating
—
Pre-Tax
42.37%
Net
31.33%
FCF
-157.33%

Returns (5Yr Avg)

ROA
1.55%
ROTA
18.49%
ROE
17.96%
ROCE
—
ROIC
1.74%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
ZAR 81.68
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
—
Net Debt
-ZAR 200.71B
Debt/Equity
—
EBIT/Interest
—

Growth (CAGR)

Rev 3Yr
17.69%
Rev 5Yr
6.36%
Rev 10Yr
—
Dil EPS 3Yr
38.9%
Dil EPS 5Yr
5.16%
Dil EPS 10Yr
8.56%
Rev Fwd 2Yr
7.21%
EBITDA Fwd 2Yr
—
EPS Fwd 2Yr
8.87%
EPS LT Growth Est
1%

Dividends

Yield
—
Payout
58.34%
DPS
ZAR 3.95
DPS Growth 3Yr
53.13%
DPS Growth 5Yr
6.82%
DPS Growth 10Yr
9.6%
DPS Growth Fwd 2Yr
8.8%

Metric	Jun '14	Jun '15	Jun '16	Jun '17	Jun '18	Jun '19	Jun '20	Jun '21	Jun '22	Jun '23	LTM
Interest Income On Loans			—			119,797	121,046	103,912	107,515	149,269	172,772
Interest Income On Investments	—	—	—	—		471	841	2,023	1,452	2,627	2,664
Interest Income, Total			—			120,268	121,887	105,935	108,967	151,896	175,436
Interest On Deposits			—			59,811	58,972	42,645	42,592	75,459	94,148
Total Interest On Borrowings	—	—	—	—		4,751	4,785	4,326	5,955	9,331	11,800
Interest Expense, Total			—			64,562	63,757	46,971	48,547	84,790	105,948
Net Interest Income						55,706	58,130	58,964	60,420	67,106	69,488
Income From Trading Activities			—		—	—	—	—	—	—	—
Gain (Loss) on Sale of Assets			—			—	-14	-20	64	-18	-18
Gain (Loss) on Sale of Invest. & Securities			—			—	596	-46	112	1,234	44
Income (Loss) on Equity Invest.	—	—	—	—	—	—	—	—	—	—	-2
Total Other Non Interest Income						50,559	45,868	49,675	54,046	63,454	68,204
Non Interest Income, Total						50,559	46,450	49,609	54,222	64,670	68,228
Revenues Before Provison For Loan Losses						106,265	104,580	108,573	114,642	131,776	137,716
Provision For Loan Losses						10,500	24,383	13,660	7,080	10,949	12,345
Total Revenues						95,765	80,197	94,913	107,562	120,827	125,371
Total Revenues % Chg.						13.1%	-16.3%	18.3%	13.3%	12.3%	10.7%
Stock-Based Compensation			—	—	—	—	556	1,158	1,452	2,433	2,508
Selling General & Admin Expenses, Total			—			—	3,721	3,351	3,823	4,115	4,115
(Income) Loss on Equity Invest.						-1,230	-29	-1,538	-1,491	-487	-1,678
Total Other Non Interest Expense						55,323	51,811	54,243	56,705	63,496	66,447
Non Interest Expense, Total						54,093	56,059	57,214	60,489	69,557	71,392
EBT, Excl. Unusual Items						41,672	24,138	37,699	47,073	51,270	53,979
Impairment of Goodwill		—				—	-212	-112	-60	-337	-337
Asset Writedown						—	-96	-89	-151	-25	-25
Other Unusual Items	—	—	—	—		—	-202	-207	-30	—	-496
EBT, Incl. Unusual Items						41,672	23,628	37,291	46,832	50,908	53,121
Income Tax Expense						9,819	4,848	8,981	12,193	12,196	12,596
Earnings From Continuing Operations						31,853	18,780	28,310	34,639	38,712	40,525
Minority Interest						-882	-614	-790	-1,040	-1,227	-1,249
Net Income						30,971	18,166	27,520	33,599	37,485	39,276
Preferred Dividend and Other Adjustments						760	1,145	777	838	1,119	1,322
Net Income to Common Incl Extra Items						30,211	17,021	26,743	32,761	36,366	37,954
Net Income to Common Excl. Extra Items						30,211	17,021	26,743	32,761	36,366	37,954
Total Shares Outstanding						5,609.1	5,606.2	5,608.1	5,607.4	5,606.6	5,604.1
Weighted Avg. Shares Outstanding						5,609	5,608.2	5,608.2	5,606.7	5,605.7	5,605.3
Weighted Avg. Shares Outstanding Dil						5,609	5,608.2	5,608.2	5,606.7	5,605.7	5,605.3
EPS						5.4	3	4.8	5.8	6.5	6.8
EPS Diluted						5.4	3	4.8	5.8	6.5	6.8
Effective Tax Rate						23.6%	20.5%	24.1%	26%	24%	23.7%