First Pacific Co (0142) AI Stock Analysis

• Market Cap: HK$25.03B
• Dividend Yield: 4.46%
• Average Volume (3M): 4.21M
• Price to Earnings (P/E): 4.5
• Beta (1Y): 0.14
• Revenue Growth: -0.42%
• EPS Growth: 63.60%
• Country: HK
• Employees: 105,570
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 0.68
• Shares Outstanding: 4,262,120,000
• 10 Day Avg. Volume: 3,867,510
• 30 Day Avg. Volume: 4,207,898
• PEG Ratio: 0.25
• Price to Book (P/B): 0.63
• Price to Sales (P/S): 0.24
• P/FCF Ratio: 6.35
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: HK$7.00 ▲(19.05% Upside)

First Pacific Co's overall stock score of 76 reflects its strong financial performance, particularly in profitability and cash flow generation, despite high leverage. The stock's valuation is attractive with a low P/E ratio and high dividend yield. The recent earnings call highlighted positive growth and strategic investments, although some challenges remain. Technical indicators suggest a neutral trend, with no significant bullish or bearish signals.

Positive Factors

Strong Cash Flow Generation

The company's ability to efficiently convert profits into cash and its significant free cash flow growth reflect strong capital efficiency, supporting long-term financial stability.

Record Recurring Profit

Consistent growth in recurring profit underscores the company's operational efficiency and strategic investment success, enhancing its long-term earnings potential.

Growth in Maya Digital Banking

The rapid expansion of Maya Digital Banking demonstrates the company's ability to capitalize on digital trends, potentially driving future revenue growth and market position.

Negative Factors

High Leverage

High leverage poses financial risk, potentially limiting the company's flexibility to invest in growth opportunities and manage economic downturns effectively.

Decline in Core Profit Margins

Reduced profit margins at Indofood due to rising input costs could pressure overall profitability, necessitating cost management improvements to sustain margins.

Competitive Pressure in Telecom

Intense competition in the telecom sector may hinder revenue growth and profit margins, requiring strategic initiatives to maintain market share and profitability.

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 Co. generates revenue through a combination of dividends from its investments, management fees, and direct operational income from its subsidiaries. The primary revenue streams include telecommunications services through PLDT, which provides a range of communication solutions, and consumer goods from Indofood, which produces a wide array of food products. Additionally, First Pacific benefits from infrastructure investments that yield returns through service contracts and project financing. The company's strategic partnerships and joint ventures enhance its market presence and profitability, enabling it to capitalize on emerging opportunities in various industries.

First Pacific Co Financial Statement Overview

Summary

First Pacific Co demonstrates solid financial health with strong profitability and cash flow generation. While revenue growth has been positive historically, the recent decline requires attention. The company's balance sheet indicates high leverage, which may pose risks, but its strong return on equity and cash flow performance are positive indicators. Continued focus on managing debt levels and reversing the revenue dip will be key to maintaining 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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.09B	10.06B	10.51B	10.30B	9.10B	7.13B
Gross Profit	3.70B	3.65B	3.37B	3.06B	2.83B	2.31B
EBITDA	2.69B	2.61B	2.85B	2.27B	1.79B	1.56B
Net Income	713.70M	600.30M	501.20M	391.60M	244.50M	132.50M
Balance Sheet
Total Assets	29.98B	28.68B	27.36B	25.49B	26.57B	26.94B
Cash, Cash Equivalents and Short-Term Investments	4.19B	3.92B	3.37B	2.68B	3.41B	2.38B
Total Debt	12.92B	12.62B	11.71B	11.22B	11.13B	10.71B
Total Liabilities	17.59B	16.75B	15.79B	15.13B	15.95B	16.32B
Stockholders Equity	4.32B	3.93B	3.69B	3.30B	3.30B	3.14B
Cash Flow
Free Cash Flow	1.39B	388.10M	526.60M	1.12B	872.50M	660.60M
Operating Cash Flow	1.91B	1.75B	1.73B	1.42B	1.25B	1.04B
Investing Cash Flow	-1.60B	-1.63B	-1.48B	-2.01B	-730.50M	-2.95B
Financing Cash Flow	199.30M	466.90M	88.00M	75.30M	305.40M	1.57B

First Pacific Co Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.88
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0142, the sentiment is Negative. The current price of 5.88 is below the 20-day moving average (MA) of 5.90, below the 50-day MA of 6.16, and above the 200-day MA of 5.81, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 42.44 is Neutral, neither overbought nor oversold. The STOCH value of 21.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	76 Outperform	HK$25.03B	4.50	17.92%	4.46%	-0.42%	63.60%
0288	75 Outperform	HK$109.70B	8.71	15.40%	6.66%	5.98%	62.13%
0151	67 Neutral	$55.12B	12.19	24.70%	3.26%	2.03%	1.43%
0322	67 Neutral	HK$67.13B	15.10	32.58%	5.46%	-1.68%	22.06%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
1610	58 Neutral	HK$7.38B	11.32	6.29%	―	100.45%	2.89%
2319	56 Neutral	HK$57.95B	-176.95	-0.74%	3.62%	-7.36%	-107.25%

First Pacific Co Corporate Events

First Pacific Approves Key Business Transactions for 2026-2028

First Pacific Company Limited held a special general meeting on December 12, 2025, where all proposed resolutions regarding the 2026-2028 Plantations and Distribution Business Transactions were approved. The approval allows the company to proceed with the planned business transactions and adjust annual caps as needed, potentially impacting its operational and financial strategies in the coming years.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$7.00 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 Announces Spin-Off and Listing of Maynilad on Philippine Stock Exchange

First Pacific Co has announced the spin-off and separate listing of its affiliate, Maynilad Water Services, Inc., on the Philippine Stock Exchange. The company will distribute shares to qualifying shareholders, with a minimum requirement of holding 17,200 shares to receive 100 Maynilad shares. This move is aimed at ensuring that shareholders receive a meaningful amount of shares, avoiding the administrative burden of distributing odd lots.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$7.00 price target. To see the full list of analyst forecasts on First Pacific Co stock, see the HK:0142 Stock Forecast page.

First Pacific Adjusts Record Date for Maynilad Spin-Off on Philippine Stock Exchange

First Pacific Company Limited has announced a change in the record date for the spin-off and separate listing of its Philippine affiliate, Maynilad Water Services, Inc., on the Philippine Stock Exchange. The new record date for shareholders to qualify for the Assured Entitlement is set for December 18, 2025. This adjustment allows shareholders to align their holdings accordingly and reflects the company’s strategic move to enhance its market presence in the water services sector, potentially impacting its operational focus and stakeholder interests.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$7.00 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 Maynilad Spin-Off and Listing

First Pacific Company Limited has announced the spin-off and separate listing of its Philippine affiliate, Maynilad Water Services, Inc., on the Philippine Stock Exchange. The announcement outlines the record date for shareholders to qualify for assured entitlements related to this spin-off, with further details to be provided in a forthcoming circular. This strategic move is expected to enhance the company’s market positioning and provide shareholders with direct investment opportunities in Maynilad.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$7.00 price target. To see the full list of analyst forecasts on First Pacific Co stock, see the HK:0142 Stock Forecast page.

First Pacific to Hold Special Meeting on Indofood Transactions

First Pacific Company Limited has announced a special general meeting to approve continuing connected transactions and new annual caps for its plantations and distribution businesses carried out by its subsidiary, PT Indofood Sukses Makmur Tbk, for the years 2026 to 2028. This move is expected to impact the company’s operational strategies and financial planning, allowing flexibility in adjusting annual caps to align with the interests of Indofood and its subsidiaries, potentially influencing stakeholder interests and market positioning.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$7.00 price target. To see the full list of analyst forecasts on First Pacific Co stock, see the HK:0142 Stock Forecast page.

MPIC Reports 14% Increase in Core Income for Nine Months of 2025

First Pacific Company Limited, which holds a 49.9% economic interest in Metro Pacific Investments Corporation (MPIC), announced MPIC’s unaudited financial results for the first nine months of 2025. MPIC reported a 14% increase in consolidated core net income, driven by strong performances in its power and water sectors, particularly through Manila Electric Company’s power generation and Maynilad Water Services’ higher tariffs. Despite a slower growth in reported income due to a one-time gain in the previous year, the company maintained robust underlying performance.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$7.00 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 Financial Performance for Metro Pacific Investments

First Pacific Company Limited announced the unaudited consolidated financial results of its affiliate, Metro Pacific Investments Corporation (MPIC), for the nine months ending September 30, 2025. MPIC, recently delisted from the Philippine Stock Exchange, reported a 13.5% increase in core net income to 23.6 billion pesos, driven by higher energy sales, improved power generation performance, and increased tariffs in water services. Despite higher losses in the light rail sector, the company’s net income attributable to equity holders rose by 7% to 24.8 billion pesos, influenced by gains from asset sales.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$7.00 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 PLDT Releases Nine-Month Financial Results

First Pacific Company Limited, through its major operating associate PLDT Inc., has released its unaudited consolidated financial results for the nine months ending September 30, 2025. This announcement, filed with the Philippine Stock Exchange, highlights PLDT’s financial performance, which is crucial for stakeholders to assess the company’s market position and operational efficiency in the telecommunications industry.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$7.00 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 PLDT’s Financial Results for Nine Months Ending September 2025

First Pacific Company Limited announced the unaudited consolidated financial results of its major operating associate, PLDT Inc., for the nine months ended 30 September 2025. The results, disclosed on 11 November 2025, show PLDT’s revenues from contracts with customers increased slightly to 163,283 million pesos, while net income decreased to 25,135 million pesos compared to the previous year. This financial disclosure is significant for stakeholders as it reflects PLDT’s current financial health and operational performance, impacting First Pacific’s investment portfolio and market positioning.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$7.00 price target. To see the full list of analyst forecasts on First Pacific Co stock, see the HK:0142 Stock Forecast page.

First Pacific Delays Circular Dispatch for Indofood Transactions

First Pacific Company Limited has announced a delay in the dispatch of a circular related to continuing connected transactions of the Indofood Group, originally scheduled for release by 7 November 2025. The new expected date for dispatch is on or before 19 November 2025, with the Special General Meeting (SGM) planned for 12 December 2025. This delay is attributed to the additional time required to finalize the circular’s contents, which includes important recommendations and advice for shareholders. The postponement may impact shareholder decision-making timelines and reflects the company’s ongoing efforts to ensure comprehensive and accurate information dissemination.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$7.00 price target. To see the full list of analyst forecasts on First Pacific Co stock, see the HK:0142 Stock Forecast page.

First Pacific Completes Spin-off and Listing of Maynilad on PSE

First Pacific Company Limited has successfully completed the 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 company’s market positioning and provide shareholders with assured entitlements, reflecting First Pacific’s ongoing commitment to optimizing its investment portfolio and maximizing shareholder value.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$7.00 price target. To see the full list of analyst forecasts on First Pacific Co stock, see the HK:0142 Stock Forecast page.

Indofood Reports Strong Operational Performance Amid Currency Challenges

PT Indofood Sukses Makmur Tbk, a subsidiary of First Pacific Company Limited, reported a 5% increase in consolidated net sales to Rp90.98 trillion for the nine months ending September 2025. Despite a 10% decrease in income attributable to equity holders due to foreign exchange losses, the company achieved a 12% rise in income from operations and a 1% growth in core profit, reflecting its strong operational performance and strategic focus on organic growth and profitability.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$7.00 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 Indofood Reports Strong Nine-Month Financial Results

First Pacific Company Limited announced the unaudited consolidated financial results of its subsidiary, PT Indofood Sukses Makmur Tbk, for the nine months ended 30 September 2025. Indofood reported net sales of 90,981,090 million Rupiah, an increase from the previous year, with a gross profit of 30,260,969 million Rupiah. Despite a decrease in income for the period compared to the previous year, Indofood maintained a strong financial position, reflecting its resilience in the competitive food industry. These results were disclosed on the Indonesia Stock Exchange and the Hong Kong Stock Exchange, providing transparency to shareholders and stakeholders.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$7.00 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 Pricing for Maynilad Spin-off on Philippine Stock Exchange

First Pacific Company Limited has announced the pricing of shares for its affiliate, Maynilad Water Services, Inc., ahead of its proposed spin-off and separate listing on the Philippine Stock Exchange. The share price has been set at PHP15, with the offer period scheduled from October 23 to October 29, 2025, and trading expected to commence on November 7, 2025. The announcement outlines the structure of the offer shares, including firm shares, reserved shares, over-allotment option shares, and upsize option shares. However, the company cautions that there is no assurance the spin-off and listing will proceed, advising shareholders and potential investors to exercise caution.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$7.50 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 Renews Indofood Group Transactions with New Annual Caps

First Pacific Co has announced the renewal of several continuing connected transactions for its subsidiary, Indofood Group, effective from January 1, 2026. These renewals cover various business segments such as plantations, distribution, flour, noodles, insurance, dairy, and packaging, with new annual caps set for 2026, 2027, and 2028. The announcement also includes a revised annual cap for 2025 for the noodles business. These renewals are significant for maintaining Indofood Group’s operational continuity and financial planning, impacting its market positioning and relationships with substantial shareholders.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$7.50 price target. To see the full list of analyst forecasts on First Pacific Co stock, see the HK:0142 Stock Forecast page.