First Gen Corp (FGEN) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of First Gen Corp PHP 28.15, price PHP 20.10, upside +40.1%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 12.34 PHP – 30.70 PHP · fair‑value band 26.27 PHP – 31.90 PHP · the 20.10 PHP price screens below the 28.15 PHP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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First Gen Corp (FGEN) currently trades at 20.10 PHP, while our model-based Fair Value estimate is 28.15 PHP, implying the stock looks roughly 28.6% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 36.92 PHP per share, and 11 of the 14 models we run sit above the 20.10 PHP price.
Bear case: the Dividend Discount group reads lowest at 5.48 PHP, and 3 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: 26.27 PHP (bear) to 31.90 PHP (bull), the price of 20.10 PHP 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 52/100 (solid quality), in the Utilities sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
First Gen Corp reported revenue of 2.4B PHP in FY2024 versus 1.8B PHP in FY2020, a compound +7.1%/yr. Reported net income was 253M PHP in FY2024, compounding −2.1%/yr from FY2020.
Key figures
Market cap 85.6B PHP (≈ $1.4B) · P/E ratio 7.5 · P/S ratio 0.78 · EPS (TTM) 3.19 PHP · Dividend yield 0.1% · Net margin 10.5% · Return on assets (EBIT) 9.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (medium confidence).
What moves the price
The share trades about 35% below its 52-week high and 40% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −3% fair-value upside, at 40%, FGEN screens cheaper than that median.
Fair Value models
Bear 26.27 PHPFair Value 28.15 PHPBull 31.90 PHP
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2024 figures (about 12 months old). Earnings retained since then (3.19 PHP 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.Evidence ⓘEvidence = 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.10/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.7%
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.
+3.6%
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.
+2.3%
Revenue growth 10 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.
+2.4%
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What shareholders gained per year (last 5 years), in PHP ⓘ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. Measured in PHP: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−1.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.0%
Dividend (yield on the price)0.1%
Profit margin 2019 to 2024 ⓘ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.25% → 21%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Electrical Utilities & IPPs” was too small, so the broader sector is used.)Industrials · 5610 stocks
Beats the sector median on 4/10 measures
A mixed picture versus its sector peers.
Valuation
Quality Score52 · Below median
Fair Value upside+40% · Top 25%
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)11% · Above median
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth0% · Below median
Dividend yield (TTM)0.1% · Bottom 25%
Balance sheet
Debt / equity0.60× · Highest 25%
Valuation Multiplesvs Industrials median · lower = cheaper
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 Gen Corp Fair Value". https://www.fairvalue-calculator.com/stock/FGEN
Frequently asked questions
Is First Gen Corp (FGEN) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 28.15 PHP versus a price of 20.10 PHP, about +40% upside (undervalued).
What is the fair value of FGEN?
Our model-based fair value for First Gen Corp is 28.15 PHP (as of Sep 24, 2026), built from audited fundamentals. The current price: 20.10 PHP.
What is the quality score of FGEN?
First Gen Corp has a Quality Score of 52/100. 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 Gen Corp (FGEN)?
Our model-based price target is the fair value of 28.15 PHP (as of Sep 24, 2026) from 14 valuation models. Cautious scenario 26.27 PHP, optimistic scenario 31.90 PHP. It is a calculation from audited fundamentals, not an analyst target.
What is the First Gen Corp stock forecast for 2026?
Our models put fair value at 28.15 PHP, about +40% upside versus a price of 20.10 PHP (undervalued). Cautious scenario 26.27 PHP, optimistic scenario 31.90 PHP. The calculation is refreshed regularly with new filings.
Does First Gen Corp pay a dividend?
First Gen Corp currently shows a dividend yield of about 0.07% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of First Gen Corp (FGEN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For First Gen Corp it is 28.15 PHP per share (as of Sep 24, 2026), against a price of 20.10 PHP. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is First Gen Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, FGEN trades below its calculated fair value: price 20.10 PHP, fair value 28.15 PHP, a gap of about +40% (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 FGEN?
No. The price is what the market pays today (20.10 PHP); the fair value is what the company's own numbers justify (28.15 PHP). For First Gen Corp the two are 8.05 PHP per share apart. That gap is exactly why we show both numbers side by side.
How much is First Gen Corp worth?
The market values First Gen Corp at about 85.6B PHP (market capitalisation, as of Sep 24, 2026). Per share that is 20.10 PHP; our models calculate a fair value of 28.15 PHP per share.
What do the bullish and bearish scenarios say about FGEN?
Our models span a range for First Gen Corp: cautious scenario 26.27 PHP, base 28.15 PHP, optimistic 31.90 PHP per share (as of Sep 24, 2026, price 20.10 PHP). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FGEN?
First Gen Corp trades at a price-to-earnings ratio of 7.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 28.15 PHP is built from several models across several years. Other multiples: P/B 0.5.
How solid is the balance sheet of First Gen Corp (FGEN)?
Balance-sheet figures for First Gen Corp (as of Sep 24, 2026): debt of 0.60 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is FGEN from its 52-week high?
First Gen Corp trades at 20.10 PHP, about 35% below its 52-week high of 30.70 PHP and 40% above the low of 14.39 PHP (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 28.15 PHP is for.
Which stocks are comparable to First Gen Corp?
From the same area (Utilities) we also value MER, ACEN, SPC, VVT, 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 Gen Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 20.10 PHP, calculated fair value 28.15 PHP (+40%), Quality Score 52/100, from 14 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 FGEN calculated?
We run First Gen Corp through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 28.15 PHP, 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 14.1 % above its aggregate fair value. First Gen Corp currently trades 40 % 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 Gen Corp (FGEN)?
The closing price on Sep 23, 2026 was 20.10 PHP. Our model-based fair value is 28.15 PHP, about +40% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with First Gen Corp right now?
The price is below even our cautious bear case (26.27 PHP). 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 (52/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of First Gen Corp
How large is the market capitalisation of First Gen Corp (FGEN)?
The market capitalisation of First Gen Corp is 85.6B PHP (≈ $1.4B). 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 Gen Corp (FGEN)?
The price-to-sales ratio of First Gen Corp is 0.78 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of First Gen Corp (FGEN)?
Earnings per share at First Gen Corp are 3.19 PHP (price ÷ EPS = P/E 7.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of First Gen Corp (FGEN)?
The dividend yield of First Gen Corp is 0.1% (payout 0.4%). 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 Gen Corp (FGEN)?
The net margin of First Gen Corp is 10.5% (fiscal year 2024). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of First Gen Corp (FGEN)?
On an EBIT basis the return on assets of First Gen Corp is 9.1% (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.
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Thin data
Sep 24, 2026