FirstRand Limited (FANDY) Stock

About FirstRand Limited

FirstRand Limited, operating alongside its various subsidiaries, offers an extensive array of financial products and services. These encompass banking operations, transactional solutions, lending facilities, investment opportunities, and insurance coverage. The company boasts a significant geographical presence, serving clients across South Africa, the broader African continent, the United Kingdom, and other international markets. Its diverse offerings include core banking services like deposit and savings accounts, personal credit lines, and specialized funding such as asset and invoice finance. It also provides a range of mortgage products tailored for small and medium-sized enterprises (SMEs), residential properties, and buy-to-let investments. Furthermore, FirstRand is a provider of both life and short-term insurance policies, alongside card-acquiring services for businesses. Its portfolio extends to vehicle financing, installment credit options, and comprehensive fleet management solutions, complemented by robust corporate and investment banking services. The company also manages assets and offers specific insurance products related to vehicles. FirstRand caters to an exceptionally wide client base, which includes individual retail customers, various commercial enterprises, large corporate entities, the public sector, small businesses, agricultural operations, medium-sized corporations, parastatal organizations, and government institutions. The company was founded in 1966 and is headquartered in Sandton, South Africa.

FirstRand Limited is headquartered in ZA.

FirstRand Limited (FANDY) stock trades at $58.95 with a market capitalization of $32.96B. The stock is valued at a price-to-earnings (P/E) ratio of 12.23, price-to-book of 2.42, price-to-sales of 2.00. Over the past 52 weeks the stock has ranged between $40.81 and $61.75, and currently trades 4.5% below its 52-week high. It pays a dividend yielding 5.19%.

On profitability, FirstRand Limited generates a return on equity (ROE) of 19.99%, above the typical market average, return on capital employed of 15.18%, an operating margin of 21.54%, a net profit margin of 16.95%.

In its most recent fiscal year, FirstRand Limited reported annual revenue of $258.8B, net profit of $43.5B, revenue has compounded at 19.9% a year over the last five years, profit at 19.1% a year.

The balance sheet shows a debt-to-equity ratio of 0.22 — a conservative balance sheet with little leverage risk, a current ratio of 0.08, total assets of $2.59T, $178.0B in cash and equivalents.

FANDY has an average daily trading volume of 41 shares, a beta of 0.54 (less volatile than the overall market).

Official website: www.firstrand.co.za