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Firstrand Valuation Multiples
Discover revenue and EBITDA valuation multiples for Firstrand and similar public comparables like Capitec Bank, Bank Rakyat Indonesia, Bank Of Ningbo, Standard Bank Group and more.
Firstrand Overview
About Firstrand
Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The firm's reportable segment includes Retail and commercial segment, Corporate and institutional segment, Centre (including group treasury), Firstrand Bank Normalised, and Normalised adjustments.
Founded
1966
HQ
Employees
39.5K
Website
Financials (LTM)
EV
$23B
Firstrand Financials
Firstrand reported last 12-month revenue of $10B.
In the same LTM period, Firstrand generated $3B in net income.
Revenue (LTM)
Firstrand P&L
In the most recent fiscal year, Firstrand reported revenue of $9B and net income of $3B.
Firstrand expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $10B | XXX | $9B | XXX | XXX | XXX |
| EBIT Margin | 42% | XXX | 42% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Net Margin | 26% | XXX | 29% | XXX | XXX | XXX |
| Net Debt | — | — | $6B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Firstrand Stock Performance
Firstrand has current market cap of $30B, and enterprise value of $23B.
Market Cap Evolution
Firstrand's stock price is $5.45.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $23B | $30B | -1.1% | XXX | XXX | XXX | $0.47 |
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Start Free TrialFirstrand Valuation Multiples
Firstrand trades at 2.4x EV/Revenue multiple.
EV / Revenue (LTM)
Firstrand Financial Valuation Multiples
As of April 19, 2026, Firstrand has market cap of $30B and EV of $23B.
Equity research analysts estimate Firstrand's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Firstrand has a P/E ratio of 12.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $30B | XXX | $30B | XXX | XXX | XXX |
| EV (current) | $23B | XXX | $23B | XXX | XXX | XXX |
| EV/Revenue | 2.4x | XXX | 2.6x | XXX | XXX | XXX |
| EV/EBIT | 5.8x | XXX | 6.2x | XXX | XXX | XXX |
| P/E | 12.1x | XXX | 11.5x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 764.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Firstrand Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Firstrand Margins & Growth Rates
Firstrand's revenue in the last 12 month grew by 9%.
Firstrand's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Firstrand Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 9% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | 56% | XXX | 54% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Firstrand Public Comps
See public comps and valuation multiples for other Commercial Banking and Investment Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Firstrand | XXX | XXX | XXX | XXX | XXX | XXX |
| Capitec Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Bank Rakyat Indonesia | XXX | XXX | XXX | XXX | XXX | XXX |
| Bank Of Ningbo | XXX | XXX | XXX | XXX | XXX | XXX |
| Standard Bank Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Ping An Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Firstrand M&A Activity
Firstrand acquired XXX companies to date.
Last acquisition by Firstrand was on XXXXXXXX, XXXXX. Firstrand acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Firstrand
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialFirstrand Investment Activity
Firstrand invested in XXX companies to date.
Firstrand made its latest investment on XXXXXXXX, XXXXX. Firstrand invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Firstrand
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Firstrand
| When was Firstrand founded? | Firstrand was founded in 1966. |
| Where is Firstrand headquartered? | Firstrand is headquartered in South Africa. |
| How many employees does Firstrand have? | As of today, Firstrand has over 39K employees. |
| Who is the CEO of Firstrand? | Firstrand's CEO is Mary Vilakazi. |
| Is Firstrand publicly listed? | Yes, Firstrand is a public company listed on Johannesburg Stock Exchange. |
| What is the stock symbol of Firstrand? | Firstrand trades under FSR ticker. |
| When did Firstrand go public? | Firstrand went public in 1989. |
| Who are competitors of Firstrand? | Firstrand main competitors are Capitec Bank, Bank Rakyat Indonesia, Bank Of Ningbo, Standard Bank Group. |
| What is the current market cap of Firstrand? | Firstrand's current market cap is $30B. |
| What is the current revenue of Firstrand? | Firstrand's last 12 months revenue is $10B. |
| What is the current revenue growth of Firstrand? | Firstrand revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Firstrand? | Current revenue multiple of Firstrand is 2.4x. |
| Is Firstrand profitable? | Yes, Firstrand is net-income-positive (as of the last 12 months). |
| What is the current net income of Firstrand? | Firstrand's last 12 months net income is $3B. |
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