First Pacific Co (0142) AI Stock Analysis

• Market Cap: $25.53B
• Dividend Yield: 4.25%
• Average Volume (3M): 3.83M
• Price to Earnings (P/E): 5.4
• Beta (1Y): 0.22
• Revenue Growth: -4.64%
• EPS Growth: 19.18%
• Country: HK
• Employees: 105,570
• Sector: Financial
• Sector Strength: 78
• Industry: Packaged Foods
• EPS (TTM): 0.59
• Shares Outstanding: 4,260,206,000
• 10 Day Avg. Volume: 4,245,911
• 30 Day Avg. Volume: 3,831,434
• PEG Ratio: 0.13
• Price to Book (P/B): 0.81
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 2.49
• Enterprise Value/Market Cap: 0.51
• Enterprise Value/Revenue: 0.31
• Enterprise Value/Gross Profit: 3.55
• Enterprise Value/Ebitda: 1.31
• 1Y Price Target: $5.97
• Price Target Upside: -1.88% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 80 Outperform
• Price Target: HK$7.00 ▲(15.13%Upside)

First Pacific Co's strong earnings performance, positive technical indicators, and attractive valuation underpin its solid stock score. The recent revenue decline and high leverage are risks that require management, but robust cash flow and strategic growth initiatives, as evidenced in the earnings call, provide confidence in its future performance.

First Pacific Co Business Overview & Revenue Model

Company Description

First Pacific Company Limited, an investment management and 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, and fixed line and mobile networks. It also manufactures and distributes a range of food products, including noodles, dairy products, snack foods, food seasonings, nutrition and special foods, beverages, wheat flour, and pasta; breeds seeds; cultivates oil palm, rubber, sugar cane, and other crops; and offers cooking oils, margarines, and shortenings. In addition, the company explores for, mines, and produces gold, copper, and silver; and produces sugar and ethanol. Further, it is involved in the operation of gas-fired power plant; provision of water distribution, sewerage, and sanitation services; and operation of toll roads, hospitals, and rail lines, as well as provision of logistics services. First Pacific Company Limited was founded in 1981 and is headquartered in Central, Hong Kong.

How the Company Makes Money

First Pacific Company Limited generates revenue primarily through its strategic investments in diverse sectors. The company earns income from dividends and capital appreciation from its invested companies. In the consumer food sector, First Pacific generates revenue through its controlling stake in Indofood, which is a leading processed-food company in Indonesia, earning income from the sale of noodles, dairy, and other food products. In telecommunications, First Pacific holds a major stake in PLDT, a leading telecom operator in the Philippines, generating revenue from mobile, broadband, and fixed-line services. Additionally, First Pacific benefits financially from its infrastructure investments, notably through Metro Pacific Investments Corporation, which operates toll roads, water utilities, and healthcare services. These diversified investments allow First Pacific to maintain a broad revenue base, leveraging growth opportunities across various industries.

First Pacific Co Financial Statement Overview

Summary

First Pacific Co demonstrates solid financial health with strong profitability and cash flow generation. The recent revenue decline requires attention, and the balance sheet's high leverage poses risks. Nonetheless, strong return on equity and cash flow performance are positive indicators. Managing debt levels and reversing the revenue dip are crucial for financial stability.

Income Statement

The company has shown consistent revenue growth over the years, with a recent slight decline. Gross profit margin remains healthy at approximately 36.3% in 2024, indicating solid cost management. Net income and EBIT margins have improved, standing at 6.0% and 22.2% respectively, reflecting enhanced profitability. However, there was a recent drop in revenue from 2023 to 2024, which needs monitoring.

Balance Sheet

The balance sheet shows moderate leverage, with a debt-to-equity ratio of about 3.19 in 2024, which is relatively high and poses some risk. The equity ratio is 13.7%, indicating a moderate level of equity financing. Return on equity improved to 15.3%, suggesting efficient use of equity capital. However, the high debt levels could be a concern if not managed properly.

Cash Flow

Cash flow from operations is strong, indicating good cash generation capability. The operating cash flow to net income ratio is approximately 2.9, showing efficient conversion of profits into cash. Free cash flow has also grown significantly, reflecting improved capital efficiency. However, the high capital expenditures in previous years could limit future cash flow if not controlled.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.06B	10.51B	10.30B	9.10B	7.13B
Gross Profit	3.65B	3.37B	3.06B	2.83B	2.31B
EBITDA	2.61B	2.85B	2.16B	1.79B	1.56B
Net Income	600.30M	501.20M	391.60M	244.50M	132.50M
Balance Sheet
Total Assets	28.68B	27.36B	25.49B	26.57B	26.94B
Cash, Cash Equivalents and Short-Term Investments	3.92B	3.37B	2.68B	3.41B	2.38B
Total Debt	12.62B	11.71B	11.22B	11.13B	10.63B
Total Liabilities	16.75B	15.79B	15.13B	15.95B	16.32B
Stockholders Equity	3.93B	3.69B	3.30B	3.30B	3.14B
Cash Flow
Free Cash Flow	388.10M	526.60M	1.12B	872.50M	660.60M
Operating Cash Flow	1.75B	1.73B	1.42B	1.25B	1.04B
Investing Cash Flow	-1.63B	-1.48B	-2.01B	-730.50M	-2.95B
Financing Cash Flow	466.90M	88.00M	75.30M	305.40M	1.57B

First Pacific Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0142, the sentiment is Positive. The current price of 6.08 is above the 20-day moving average (MA) of 5.78, above the 50-day MA of 5.55, and above the 200-day MA of 4.74, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 71.25 is Negative, neither overbought nor oversold. The STOCH value of 56.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0142.

First Pacific Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0142	80 Outperform	$25.53B	5.43	15.77%	4.25%	-4.64%	19.18%
Sector *	61 Neutral	C$14.93B	6.49	22.28%	5.43%	30.07%	-22.51%
WWNTF	―	$8.33B	13.71	25.49%	8.65%	―	―
WHGRF	―	$12.98B	7.96	15.73%	10.44%	―	―
CIADF	―	$8.43B	581.08	0.21%	1.11%	―	―
TCYMF	―	$8.26B	15.85	26.55%	3.19%	―	―
1610	62 Neutral	HK$8.29B	14.60	5.82%	―	38.41%	―

First Pacific Co Corporate Events

First Pacific Updates Maynilad Spin-off and Listing Plans

First Pacific Company Limited has announced an update on the proposed spin-off and separate listing of its Philippine affiliate, Maynilad Water Services, Inc., on the Philippine Stock Exchange. The updated timetable, submitted to the Securities and Exchange Commission of the Philippines and the Philippine Stock Exchange, targets the listing by the end of October 2025. This move is in response to potential demand from strategic investors and is subject to regulatory approvals, which could enhance Maynilad’s market presence and provide growth opportunities.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$4.30 price target. To see the full list of analyst forecasts on First Pacific Co stock, see the HK:0142 Stock Forecast page.

First Pacific Company Limited Successfully Passes All Resolutions at AGM

First Pacific Company Limited, a company incorporated in Bermuda and listed on the Hong Kong Stock Exchange, held its Annual General Meeting on June 18, 2025. During the meeting, all proposed resolutions were passed, including the adoption of audited accounts, declaration of a final cash distribution, reappointment of Ernst & Young as auditors, and the re-election of several directors for fixed terms. The successful passage of these resolutions indicates strong shareholder support and continuity in the company’s governance and financial strategies.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$4.30 price target. To see the full list of analyst forecasts on First Pacific Co stock, see the HK:0142 Stock Forecast page.

First Pacific Announces Changes to Ad Hoc Selection Committee

First Pacific Company Limited has announced changes to its Ad Hoc Selection Committee, effective June 18, 2025. The appointments of Mr. Christopher H. Young and Mr. Blair Chilton Pickerell as new members aim to enhance the committee’s capabilities. This strategic move is expected to strengthen the company’s governance and decision-making processes, potentially impacting its operational efficiency and stakeholder confidence.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$4.30 price target. To see the full list of analyst forecasts on First Pacific Co stock, see the HK:0142 Stock Forecast page.

First Pacific Co. Updates Board Composition and Committee Roles

First Pacific Company Limited has announced the composition of its board of directors, which includes a mix of executive, non-executive, and independent non-executive directors. The board is chaired by Anthoni Salim, with Manuel V. Pangilinan serving as Managing Director and CEO. The announcement also details the membership of six board committees, highlighting the roles and responsibilities of each director within these committees. This update provides stakeholders with a clear view of the company’s governance structure and the expertise guiding its strategic decisions.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$4.30 price target. To see the full list of analyst forecasts on First Pacific Co stock, see the HK:0142 Stock Forecast page.

First Pacific Establishes Nomination Committee to Enhance Board Governance

First Pacific Company Limited has established a Nomination Committee to assist its board of directors in matters related to the appointment and removal of directors, formulating and implementing nomination policies, and addressing the influence of controlling shareholders on the board’s composition. The committee will consist of at least three members, primarily independent non-executive directors, and will meet at least once a year to fulfill its responsibilities, ensuring compliance with relevant regulatory requirements.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$4.30 price target. To see the full list of analyst forecasts on First Pacific Co stock, see the HK:0142 Stock Forecast page.

First Pacific Co. Forms Committee to Enhance Board Independence

First Pacific Company Limited, incorporated in Bermuda, has established an Ad Hoc Selection Committee to identify candidates for additional Independent Non-Executive Directors. This initiative is part of the company’s governance strategy to enhance its board’s independence and diversity. The committee, comprising existing Independent Non-Executive Directors, an Executive Director, and the Non-Executive Chairman, will report to both the board and the Nomination Committee. The move is expected to strengthen the company’s governance framework, potentially impacting its market perception positively.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$4.30 price target. To see the full list of analyst forecasts on First Pacific Co stock, see the HK:0142 Stock Forecast page.

First Pacific Proposes Spin-off and Listing of Maynilad on Philippine Stock Exchange

First Pacific Company Limited has announced a special general meeting to discuss the proposed spin-off and separate listing of its Philippine affiliate, Maynilad Water Services, Inc., on the Philippine Stock Exchange. This strategic move is expected to enhance the operational focus and market positioning of Maynilad, potentially unlocking shareholder value and providing greater financial flexibility for both companies.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$4.30 price target. To see the full list of analyst forecasts on First Pacific Co stock, see the HK:0142 Stock Forecast page.

First Pacific Releases PLDT’s Q1 2025 Financial Results

First Pacific Company Limited announced the unaudited consolidated financial results of its major associate, PLDT Inc., for the first quarter of 2025. The results, disclosed on May 15, 2025, show a slight decrease in net income compared to the previous year, with revenues from contracts with customers increasing marginally. These financial statements, prepared according to Philippine Financial and Sustainability Reporting Standards, reflect PLDT’s ongoing financial performance and are crucial for stakeholders, given First Pacific’s substantial investment in the company.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$4.30 price target. To see the full list of analyst forecasts on First Pacific Co stock, see the HK:0142 Stock Forecast page.

First Pacific’s Associate PLDT Releases Q1 2025 Financial Results

First Pacific Company Limited announced that its major operating associate, PLDT Inc., has filed its unaudited consolidated financial results for the first quarter of 2025 with the Philippine Stock Exchange. This disclosure is part of PLDT’s regulatory compliance and provides insights into the company’s financial performance, which could impact its market positioning and stakeholder interests.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$4.30 price target. To see the full list of analyst forecasts on First Pacific Co stock, see the HK:0142 Stock Forecast page.

First Pacific Reports Strong Q1 2025 Results for Metro Pacific Investments

First Pacific Company Limited announced the unaudited consolidated financial results for Metro Pacific Investments Corporation (MPIC) for the first quarter of 2025. MPIC reported a net income of PHP 11.469 billion, up from PHP 8.406 billion in the same period last year, driven by increased operating revenues and share in net earnings of equity method investees. Despite a rise in interest expenses, the company’s income before tax rose significantly, reflecting strong operational performance. The announcement highlights MPIC’s robust financial health and its positive impact on First Pacific’s investment portfolio.

Indofood Reports Positive Financial Results for Q1 2025

PT Indofood Sukses Makmur Tbk, a subsidiary of First Pacific Company Limited, reported a positive start to 2025 with a 2% increase in consolidated net sales to Rp31.56 trillion for the period ending March 31, 2025. The company also saw an 8% rise in income from operations and an 11% growth in income attributable to equity holders, reflecting its focus on organic growth and maintaining a healthy balance sheet amid a volatile global economic environment.

First Pacific Reports Strong Q1 2025 Results for Indofood

First Pacific Company Limited has announced the unaudited consolidated financial results of its subsidiary, PT Indofood Sukses Makmur Tbk, for the first quarter of 2025. The results, which were submitted to the Indonesia Stock Exchange and disclosed on relevant company websites, show a net sales increase to 31,555,019 million Rupiah and a gross profit of 10,885,225 million Rupiah. The company’s income for the period rose to 3,913,781 million Rupiah, reflecting a positive financial performance. This announcement highlights Indofood’s robust market position and financial health, which is significant for stakeholders and investors monitoring the company’s growth trajectory.

First Pacific Announces 2025 AGM with Key Resolutions

First Pacific Company Limited, a Hong Kong-based investment management and holding company, announced its upcoming annual general meeting scheduled for June 18, 2025. The meeting will address several key resolutions, including the adoption of audited accounts, declaration of a final cash distribution, reappointment of Ernst & Young as auditors, and re-election of directors. These decisions are crucial for maintaining the company’s governance structure and ensuring continued compliance with regulatory requirements, potentially impacting shareholder value and corporate strategy.