FirstRand Limited (FSR) Fair Value & Analysis
Financial Services · ZA · Market cap 520B ZAC
Fair value as of: Jun 26, 2026
From 17 valuation models · updated 4 days ago
Fair value updated Jun 26, 2026 — revised from R98.03 to R101.22 (+3.3%) since Jun 24, 2026. Share price +5.3% over the past month.
Price vs Fair Value (12 months)
12‑month range R67.80 – R99.27 · fair‑value band R75.92 – R126.53 · the R97.51 price screens below the R101.22 fair value. As of Jun 26, 2026.
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FirstRand Limited (FSR) currently trades at R97.51, while our model-based Fair Value estimate is R101.22 — implying the stock looks roughly 3.8% undervalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.
Over the trailing twelve months, FirstRand Limited generated revenue of 139B ZAR at a net margin of 32.8%. Revenue grew 9.9% year over year. It earns a return on equity of 19.9%. Net debt stands at 111B ZAR. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
FirstRand Limited, together with its subsidiaries, provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, and internationally. It operates in Retail and Commercial, and Corporate and Institutional segments. The company offers deposits and savings products; personal loans; and asset and invoice finance, as well as SME commercial, residential, and buy-to-let mortgages. It also provides life and short-term insurance products; and vehicle finance, instalment credit and fleet management, and corporate and investment banking services. In addition, the company offers asset management, as well as vehicle-related insurance services. Further, it provides franchise advisory, market risk management, capital market flow, and trading and structuring services. It serves retail and public sector customers, small and medium-sized enterprises, businesses, agricultural industry, medium corporates, and institutions. The comp…
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
FirstRand Limited reported revenue of R270B in FY2025 versus R159B in FY2021, a compound +14.1%/yr. Reported net income was R43.5B in FY2025, compounding +12.2%/yr from FY2021.
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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.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.