First Pacific Company Ltd (FPAFY) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of First Pacific Company Ltd stock $9.42, price $3.14, upside +200.0%, quality 53 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range $1.05 – $4.17 · fair‑value band $6.11 – $12.55 · the $3.14 price screens below the $9.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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First Pacific Company Limited, an investment holding company, engages in the consumer food products, telecommunications, infrastructure, and natural resources businesses in the Philippines, Indonesia, Singapore, the Middle East, Africa, and internationally.
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The company offers a range of telecommunications and digital services, including fiber-optic backbone, fixed-line, and cellular networks.
It also manufactures and distributes consumer-branded goods and a range of food products, including noodles, dairy products, snack foods, food seasonings, nutrition and special foods, beverages, and products comprising wheat flour and pasta under the Bogasari brand.
In addition, the company is involved in agribusiness activities, such as seed breeding; oil palm cultivation, milling, and the production of cooking oils, margarine, and shortening; as well as the cultivation and processing of sugar cane, rubber, and other crops.
Further, it explores for, mines, and produces gold, copper, and silver.
Additionally, the company is involved in the operation of gas-fired power plants; the provision of water distribution, sewerage, and sanitation services, as well as healthcare and real estate solutions; the operation of toll roads and light rail; and the distribution of electricity.
First Pacific Company Limited was founded in 1981 and is headquartered in Central, Hong Kong.
Stock analysis
First Pacific Company Ltd (FPAFY) currently trades at $3.14, while our model-based Fair Value estimate is $9.42, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $14.36 per share, and 21 of the 24 models we run sit above the $3.14 price.
Bear case: the Dividend Discount group reads lowest at $1.05, and 3 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: $6.11 (bear) to $12.55 (bull), the price of $3.14 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
First Pacific Company Ltd reported revenue of $10.2B in FY2025 versus $9.1B in FY2021, a compound +3.0%/yr. Reported net income was $661M in FY2025, compounding +28.2%/yr from FY2021.
Key figures
Market cap $2.7B Mid · P/E ratio 4.6 · P/S ratio 0.26 · EPS (TTM) $0.6800 · Dividend yield 5.7% · Net margin 5.4% · Return on equity 12.9% · Return on assets (EBIT) 7.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −1% fair-value upside, at 200%, FPAFY screens cheaper than that median.
Fair Value models
Bear$6.11Fair Value $9.42Bull$12.55
Price $3.14 · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.4302 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+1.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.5%
Start year 2020 (pandemic). Over 10 years: +4.7% a year
Revenue growth 26 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+34.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+28.9%
Dividend (yield on the price)5.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 28.9% / 22.8%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.15% → 22%
News mood ⓘNews mood, the average tone of recent news (37 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Recurring profits from Indofood packaged foods and the Manila Electric utility stake provide stability, yet high leverage with debt exceeding equity limits long-term flexibility across sectors.
Main risk: High leverage with total debt exceeding equity risks constraining the holding company's capacity to support both food operations and power infrastructure investments.
First Pacific's affiliate MPIC just lifted its stake in Manila Electric by another 1.9 percent in a block deal worth around 198 million US dollars. The group already draws major recurring profit from its Indofood packaged foods business in Indonesia, yet this step adds more weight to Philippine power infrastructure. Does the tighter grip on a stable utility asset reinforce resilience against currency swings in the food operations, or does it stretch the holding company model across too many sectors?
Compare First Pacific Company Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Packaged Foods · 625 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (12 months)12.9% · Above median
Return on assets2.2% · Below median
Net margin (12 months)5.4% · Above median
Operating margin (12 months)21.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)5.7% · Above median
Dividend yield (12 months)5.7% · Top 25%
Balance sheet
Debt / equity2.39× · Highest 25%
Valuation Multiplesvs Packaged Foods median · lower = cheaper
P/E (12 months)4.6× · Cheapest 25%
P/B0.61× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "First Pacific Company Ltd Fair Value". https://www.fairvalue-calculator.com/stock/FPAFY
Frequently asked questions
Is First Pacific Company Ltd (FPAFY) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of $9.42 versus a price of $3.14, about +200% upside (undervalued).
What is the fair value of FPAFY?
Our model-based fair value for First Pacific Company Ltd is $9.42 (as of Nov 9, 2026), built from audited fundamentals. The current price: $3.14.
What is the quality score of FPAFY?
First Pacific Company Ltd has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for First Pacific Company Ltd (FPAFY)?
Our model-based price target is the fair value of $9.42 (as of Nov 9, 2026) from 24 valuation models. Cautious scenario $6.11, optimistic scenario $12.55. It is a calculation from audited fundamentals, not an analyst target.
What is the First Pacific Company Ltd stock forecast for 2026?
Our models put fair value at $9.42, about +200% upside versus a price of $3.14 (undervalued). Cautious scenario $6.11, optimistic scenario $12.55. The calculation is refreshed regularly with new filings.
What is the revenue of First Pacific Company Ltd (FPAFY)?
First Pacific Company Ltd reported trailing-twelve-month revenue of about $10.5B (latest available figure, as of Nov 9, 2026).
Does First Pacific Company Ltd pay a dividend?
First Pacific Company Ltd currently shows a dividend yield of 5.68% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of First Pacific Company Ltd (FPAFY) and when is the ex-dividend date?
First Pacific Company Ltd pays a dividend of $0.178 per share a year, a dividend yield of 5.7%. The last ex-dividend date was Sep 9, 2026. A dividend has been paid every year since at least 2005. The payout ratio is 26.2% of earnings. Free cash flow covers the dividend 10.33 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What is the intrinsic value of First Pacific Company Ltd (FPAFY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For First Pacific Company Ltd it is $9.42 per share (as of Nov 9, 2026), against a price of $3.14. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is First Pacific Company Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, FPAFY trades below its calculated fair value: price $3.14, fair value $9.42, a gap of about +200% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FPAFY?
No. The price is what the market pays today ($3.14); the fair value is what the company's own numbers justify ($9.42). For First Pacific Company Ltd the two are $6.28 per share apart. That gap is exactly why we show both numbers side by side.
How much is First Pacific Company Ltd worth?
The market values First Pacific Company Ltd at about $2.7B (market capitalisation, as of Nov 9, 2026). Per share that is $3.14; our models calculate a fair value of $9.42 per share.
What do the bullish and bearish scenarios say about FPAFY?
Our models span a range for First Pacific Company Ltd: cautious scenario $6.11, base $9.42, optimistic $12.55 per share (as of Nov 9, 2026, price $3.14). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FPAFY?
First Pacific Company Ltd trades at a price-to-earnings ratio of 4.6 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $9.42 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 6.5. Other multiples: PEG 0.1, P/B 0.6, P/S 0.3, EV/EBITDA 3.2.
What is the PEG ratio of FPAFY?
The PEG ratio of First Pacific Company Ltd is 0.11 (P/E divided by earnings growth, as of Nov 9, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of First Pacific Company Ltd (FPAFY)?
Balance-sheet figures for First Pacific Company Ltd (as of Nov 9, 2026): return on equity 12.9%, debt of 2.39 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is FPAFY from its 52-week high?
First Pacific Company Ltd trades at $3.14, about 25% below its 52-week high of $4.16 and 8% above the low of $2.91 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $9.42 is for.
Which stocks are comparable to First Pacific Company Ltd?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is First Pacific Company Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price $3.14, calculated fair value $9.42 (+200%), Quality Score 53/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FPAFY calculated?
We run First Pacific Company Ltd through 24 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $9.42 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. First Pacific Company Ltd currently trades 67% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of First Pacific Company Ltd (FPAFY)?
The closing price on Nov 6, 2026 was $3.14. Our model-based fair value is $9.42, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with First Pacific Company Ltd right now?
The price is below even our cautious bear case ($6.11). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($6.11 to $12.55) leaves room in how you read the outcome.
Key figures of First Pacific Company Ltd
How large is the market capitalisation of First Pacific Company Ltd (FPAFY)?
The market capitalisation of First Pacific Company Ltd is $2.7B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of First Pacific Company Ltd (FPAFY)?
The price-to-sales ratio of First Pacific Company Ltd is 0.26 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of First Pacific Company Ltd (FPAFY)?
Earnings per share at First Pacific Company Ltd are $0.6800 (price ÷ EPS = P/E 4.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of First Pacific Company Ltd (FPAFY)?
The dividend yield of First Pacific Company Ltd is 5.7% (payout 26.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of First Pacific Company Ltd (FPAFY)?
The net margin of First Pacific Company Ltd is 5.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of First Pacific Company Ltd (FPAFY)?
The return on equity (ROE) of First Pacific Company Ltd is 12.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of First Pacific Company Ltd (FPAFY)?
On an EBIT basis the return on assets of First Pacific Company Ltd is 7.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of First Pacific Company Ltd (FPAFY)?
The operating margin of First Pacific Company Ltd is 21.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at First Pacific Company Ltd (FPAFY)?
Revenue at First Pacific Company Ltd is growing +5.7% versus a year earlier (3y avg −0.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at First Pacific Company Ltd (FPAFY)?
Earnings per share at First Pacific Company Ltd are growing −23.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does First Pacific Company Ltd (FPAFY) generate?
The free cash flow of First Pacific Company Ltd is $1.6B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does First Pacific Company Ltd (FPAFY) carry?
The net debt of First Pacific Company Ltd is $8.8B (fiscal year 2025, ≈ 5.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 9, 2026