FirstRand is a financial services group that offers banking, lending, insurance, and investment products to individuals, businesses, and institutions across South Africa, other African countries, and internationally.
Sector: Banks
ZA_FSR
Shares: connector/market_inputs
Monetary columns are in B ZAR, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | Net interest incomeB ZAR | Net profitB ZAR | AssetsB ZAR | EquityB ZAR | ROE (annualized) | Source |
|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | H2 2026 (6M) | OK | 31.9 y/y -29.2% | 12.6 y/y -39.3% | 2742.8 y/y 6.0% | 216.2 y/y -0.1% | 16.3% | Report (PDF) |
| 2025-12-31 | H1 2026 (6M) | OK | 46.3 y/y 6.7% | 23.1 y/y 9.7% | 2681.8 y/y 5.5% | 221.4 y/y 7.1% | 21.1% | Report (PDF) |
| 2025-06-30 | H2 2025 (6M) | OK | 45.1 y/y 7.4% | 20.8 y/y 11.3% | 2588.8 y/y 9.3% | 216.4 y/y 10.8% | 19.8% | Report (PDF) |
| 2024-12-31 | H1 2025 (6M) | OK | 43.4 y/y 4.5% | 21.1 y/y 8.0% | 2543.0 y/y 8.9% | 206.7 y/y 9.0% | 21.0% | Report (PDF) |
| 2024-06-30 | H2 2024 (6M) | OK | 41.9 y/y — | 18.7 y/y — | 2369.3 y/y 3.1% | 195.3 y/y 0.6% | 19.8% | Report (PDF) |
| 2023-12-31 | H1 2024 (6M) | OK | 41.5 y/y — | 19.5 y/y — | 2335.5 y/y — | 189.7 y/y — | 20.3% | Report (PDF) |
| 2023-06-30 | FY 2023 (12M) | OK | 132.0 y/y — | 37.5 y/y — | 2298.0 y/y — | 194.1 y/y — | — | Link |
Our earnings breakdowns and investment notes on this issuer.
Group: Banks. Each peer is shown as it trades and re-priced onto this company's market (South Africa) by the ratio of our coverage medians.
| Company | Market | Cap, $bn | P/E | P/E, adjusted |
|---|---|---|---|---|
| State Bank of India | India | 91.4 | 10.2x | 4.0x |
| Emirates NBD | UAE | 53.0 | 8.0x | 5.6x |
| Bradesco | Brazil | 39.0 | 8.3x | 6.0x |
| HDFC Bank | India | 115.4 | 15.8x | 6.2x |
| ICICI Bank | India | 97.7 | 16.8x | 6.6x |
| First Abu Dhabi Bank | UAE | 58.2 | 10.1x | 7.0x |
| Shinhan Financial Group | Korea | 36.1 | 8.9x | 7.1x |
| KB Financial Group | Korea | 43.9 | 9.4x | 7.5x |
| Bank Central Asia | Indonesia | 41.7 | 12.9x | 18.2x |
| Royal Bank of Canada | Canada | 271.6 | 19.0x | — |
| Mitsubishi UFJ Financial Group | Japan | 253.0 | 14.8x | — |
| Bank of Nova Scotia | Canada | 112.5 | 20.6x | — |
| Group median | 11.6x | 6.6x | ||
| Group average | 12.9x | 7.6x | ||
| This company | South Africa | 30.0 | 14.0x | 14.0x |
Group median 11.6x as traded, 6.6x adjusted; this company 14.0x — a 114% premium.
Group average 12.9x as traded, 7.6x adjusted; against the average this company is at a 86% premium.
At the adjusted group median the market cap would be -53% versus today.
The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 29.3x, Russia 5.8x, South Africa 10.7x, Kazakhstan 9.4x, India 27.4x, Indonesia 7.6x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-04; the company's own is live.
| Date | Per share | Details | Status | Source |
|---|---|---|---|---|
| 2026-03-31 | 259 ZAR | Ex-dividend: 259 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2025-10-08 | 247 ZAR | Ex-dividend: 247 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2025-04-02 | 219 ZAR | Ex-dividend: 219 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2024-10-09 | 215 ZAR | Ex-dividend: 215 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2024-03-26 | 200 ZAR | Ex-dividend: 200 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2023-10-11 | 195 ZAR | Ex-dividend: 195 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2023-03-29 | 189 ZAR | Ex-dividend: 189 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2022-10-12 | 310 ZAR | Ex-dividend: 310 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2022-03-30 | 157 ZAR | Ex-dividend: 157 ZAR per share | Paid | Yahoo Finance (ex-div) |
| 2021-10-13 | 153 ZAR | Ex-dividend: 153 ZAR per share | Paid | Yahoo Finance (ex-div) |
KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).
Investor reporting (IR): https://www.firstrand.co.za/investors/
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B), profitability and dividend yield of FirstRand (FSR) — from primary filings.
See also: South African Stocks (2026): Gold, Cheap Banks and the JSE Discount · The Cheapest Bank Stocks in the World (2026): Where Global Banks Trade Below Book · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map