FirstRand Limited (FSR.JO) stock analysis

In our weekly check, FirstRand Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 17 pass, warnings: 2, red flags: 6.

About FirstRand Limited

FirstRand Limited is a Financial Services company (Banks) based in South Africa, listed on JNB as FSR.JO.

What our checks show for FSR.JO

Red flags

• Revenue fell 14.8% a year over the last 3 years.
• The dividend takes 1329% of profit: little cushion if profit falls.
• The stock has fallen as much as 63% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 3.1 years.
• Return on capital (ROCE) is only 1.9%.

Warning signs

• Earnings per share fell 0.3% a year over the last 3 years.
• A small company (market value $303 million): usually riskier and followed by fewer analysts.

Strengths

• The net margin rose by 8 points over 5 years, to 28.2%.
• The gross margin is 109% and has risen by 38.9 points: pricing power is holding.
• Operating cash flow is 1.59x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 20% a year over the next years.
• Analysts expect the net margin to improve by 4.9 points from today's 28.2%.
• The company keeps 28.2% of its revenue as net profit.

Similar companies

D05.SI · PKO.WA · ITUB · ISP.MI

Questions

What grade does FirstRand Limited (FSR.JO) have?

In our weekly check, FirstRand Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 17 pass, warnings: 2, red flags: 6. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of FSR.JO stock?

This week's biggest flags for FirstRand Limited: Weak revenue growth, Dividend stretched, Deep past fall. In total 8 of 25 checks show a warning or a red flag.

What does FirstRand Limited do?

FirstRand Limited is a Financial Services company (Banks) based in South Africa, listed on JNB as FSR.JO.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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