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First Pacific Co Ltd (0142) Fair Value & Analysis

Consumer Defensive · HK · Market cap HK$20.5B

FP First Pacific Co Ltd 0142 · HK
PriceHK$5.03
Fair ValueHK$2.02
Upside-59.8%
Quality54/100
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Healthy Growth
Thin margins · 6.5% net margin
High debt · generates free cash flow
0.71% dividend yield
Ranks above peers (11/15)
Moderate moat 55/100
Evidence: Medium Range HK$1.05 – HK$2.69 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 6 days ago

Fair value updated Aug 13, 2026, revised from HK$1.76 to HK$2.02 (+14.8%) since Aug 2, 2026. Share price −4.9% over the past month.

A solid business, but screening 60% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$2.69). The favourable scenario is already priced in.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (HK$1.05 to HK$2.69) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$6.50 HK$1.68 Fair Value HK$2.02 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$1.68 – HK$6.50 · fair‑value band HK$1.05 – HK$2.69 · the HK$5.03 price screens above the HK$2.02 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

First Pacific Co Ltd (0142) currently trades at HK$5.03, while our model-based Fair Value estimate is HK$2.02, implying the stock looks roughly 59.8% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, First Pacific Co Ltd generated revenue of HK$10.2B at a net margin of 6.5%. Revenue grew 2.8% year over year. It earns a return on equity of 14.2%. Net debt stands at HK$8.8B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$1.05 (bear case) to HK$2.69 (bull case); at HK$5.03, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 24% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -14% fair-value upside, at -60%, 0142 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF HK$2.78 HK$4.82 HK$7.74 80
Residual Income HK$1.03 HK$1.37 HK$3.91 76
Rev-Margin DCF HK$2.07 HK$4.07 HK$6.36 74
All 13 models by family
DCF Models
Owner Earnings HK$0.0400 HK$0.8700 HK$2.13 31
5Y P/E Exit HK$0.8600 HK$1.79 HK$2.73 38
10Y P/E Exit HK$1.49 HK$2.45 HK$3.56 35
Earnings-Based
Graham-Dodd HK$1.05 HK$3.24 HK$4.30 54
Lynch FV HK$0.7000 HK$1.00 HK$1.30 50
Dividend Discount
Gordon GGM HK$0.3100 HK$0.6500 HK$1.03 70
DDM Multi-Stage HK$0.3100 HK$0.5100 HK$0.6800 61
Multiples
P/E Multiple HK$1.51 HK$2.02 HK$2.52 63
P/B Multiple HK$1.08 HK$1.44 HK$1.80 55
Asset-Based
NCAV (Graham) HK$0.5100 HK$0.6900 HK$1.03 50
Growth DCF
Growth DCF HK$2.78 HK$4.82 HK$7.74 80
Rev-Margin DCF HK$2.07 HK$4.07 HK$6.36 74
Economic Profit
Residual Income HK$1.03 HK$1.37 HK$3.91 76

Widest divergence: Growth DCF (HK$4.07) versus Dividend Discount (HK$0.5100). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$10.2B
Revenue growth (YoY) +2.8%
Net margin 6.5%
Return on equity 14.2%
Free cash flow HK$1.6B FY2025
P/E ratio 4.0 as of Jul 1, 2026
More key figures
Operating margin 23.4%
EPS (TTM) HK$0.0900
Dividend yield 0.7%
EPS growth (YoY) -16.9%
Net debt HK$8.8B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 56 · Market factors (momentum, volatility) 40

Profitability 32
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 79
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

First Pacific Co Ltd reported revenue of HK$10.2B in FY2025 versus HK$9.1B in FY2021, a compound +3.0%/yr. Reported net income was HK$661M in FY2025, compounding +28.2%/yr from FY2021.

Growth Quality 80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$10.2B
Latest YoY
+1.7%
Avg. growth/yr (3Y) 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.
−0.2%
Avg. growth/yr (5Y) 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.
+7.5%
Avg. growth/yr (26Y) 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.
+8.5%
Revenue +3.0%/yr
FY21 HK$9.1B
FY22 HK$10.3B
FY23 HK$10.5B
FY24 HK$10.1B
FY25 HK$10.2B
Net income +28.2%/yr
FY21 HK$245M
FY22 HK$392M
FY23 HK$501M
FY24 HK$600M
FY25 HK$661M

0142 screens 60% overvalued. Compare with Nestlé India Limited →

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Cite: Fair Value Calculator (2026). "First Pacific Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0142

Peer Group

Packaged Foods · 655 stocks

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.

Quality Score 58 · Above median
Fair Value upside −60% · Bottom 25%
Return on equity (TTM) 14% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 23% · Top 25%
Revenue growth 3% · Below median
Dividend yield (TTM) 0.7% · Bottom 25%
Debt / equity 2.39× · Higher than 75% of peers

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 4.0× · Cheaper than 75% of peers
P/B 0.59× · Cheaper than 75% of peers
P/S (TTM) 0.26× · Cheaper than 75% of peers
P/FCF 1.7× · Cheaper than median
EV/EBITDA 3.2× · Cheaper than 75% of peers
PEG 0.10× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 26
FUTURE14 · sector 19
PAST57 · sector 28
HEALTH0 · sector 96
DIVIDEND14 · sector 52

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,507 ₹362.37 -76%
Britannia Industries Limited BRITANNIA ₹5,511 ₹1,765 -68%
Tata Consumer Products Limited TATACONSUM ₹1,062 ₹327.27 -69%
PT Indofood CBP Sukses Makmur Tbk ICBP 7,550 IDR 12,864 IDR +70%
Samyang Foods Co 003230 1,219,000 KRW 1,010,543 KRW -17%
Vietnam Dairy Products Joint Stock Company VNM 61,600 VND 52,858 VND -14%
Patanjali Foods Limited PATANJALI ₹350.95 ₹144.77 -59%
PT Mayora Indah Tbk, MYOR 1,650 IDR 2,699 IDR +64%
PT Cisarua Mountain Dairy Tbk CMRY 4,610 IDR 4,350 IDR -6%
Nongshim Co 004370 389,500 KRW 530,619 KRW +36%

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Frequently asked questions

Is First Pacific Co Ltd (0142) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$2.02 versus a price of HK$5.03, about −60% (overvalued).
What is the fair value of 0142?
Our model-based fair value for First Pacific Co Ltd is HK$2.02 (as of Aug 13, 2026), built from audited fundamentals. The current price: HK$5.03.
What is the quality score of 0142?
First Pacific Co Ltd has a Quality Score of 54/100. 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 revenue of First Pacific Co Ltd (0142)?
First Pacific Co Ltd reported trailing-twelve-month revenue of about HK$10.2B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0142?
The net profit margin of First Pacific Co Ltd is about 6.5%, meaning it keeps roughly 6.5% of revenue as net income. Based on the latest reported figures.
Does First Pacific Co Ltd pay a dividend?
First Pacific Co Ltd currently shows a dividend yield of about 0.71% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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