First Pacific Co (0142) AI Stock Analysis

• Market Cap: $24.13B
• Dividend Yield: 8.46%
• Average Volume (3M): 3.48M
• Price to Earnings (P/E): 5.1
• Beta (1Y): 0.22
• Revenue Growth: -4.64%
• EPS Growth: 19.18%
• Country: HK
• Employees: 105,570
• Sector: Financial
• Sector Strength: 76
• Industry: Packaged Foods
• EPS (TTM): 0.59
• Shares Outstanding: 4,260,206,000
• 10 Day Avg. Volume: 4,077,959
• 30 Day Avg. Volume: 3,477,404
• PEG Ratio: 0.05
• Price to Book (P/B): 0.39
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 1.13
• Enterprise Value/Market Cap: 0.43
• Enterprise Value/Revenue: 0.25
• Enterprise Value/Gross Profit: 2.85
• Enterprise Value/Ebitda: 1.05
• 1Y Price Target: $7.23
• Price Target Upside: 29.17% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 83 Outperform
• Price Target: HK$6.00 ▲(7.14%Upside)

First Pacific Co exhibits strong potential with robust financial performance, attractive valuation, and positive technical indicators. The earnings call further supports a positive outlook with record profits and strategic growth initiatives. High leverage remains a risk, but overall, the stock is well-positioned for continued success.

First Pacific Co Business Overview & Revenue Model

Company Description

First Pacific Company Limited (0142) is a Hong Kong-based investment management and holding company with interests in the consumer food products, telecommunications, infrastructure, and natural resources sectors. The company's diverse portfolio includes significant controlling or strategic equity interests in several leading companies in Asia, providing a broad spectrum of products and services across these industries.

How the Company Makes Money

First Pacific Company Limited generates revenue primarily through its strategic investments in various sectors. The company holds substantial interests in several major companies, such as Indofood, one of the world's largest manufacturers of instant noodles and a leading food company in Indonesia, which contributes to its consumer food products segment. Additionally, First Pacific has investments in the telecommunications sector through its stake in PLDT, the largest telecommunications and digital services company in the Philippines. Revenue from infrastructure is primarily driven by its interest in Metro Pacific Investments Corporation, which is involved in toll roads, water distribution, and power generation. The company's natural resources revenue stream is supported by its investment in Philex Mining Corporation, one of the largest mining companies in the Philippines. The company's earnings are bolstered by dividends, capital gains, and management fees from these investments, alongside strategic partnerships and market opportunities in Asia.

First Pacific Co Financial Statement Overview

Summary

First Pacific Co demonstrates solid financial health with strong profitability and cash flow generation. 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 recent 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
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
	EBIT
2.24B	2.06B	1.75B	1.37B	1.05B
	EBITDA
2.61B	2.85B	2.16B	1.79B	1.56B
	Net Income Common Stockholders
600.30M	501.20M	391.60M	244.50M	132.50M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.92B	3.37B	2.68B	3.41B	2.38B
	Total Assets
28.68B	27.36B	25.49B	26.57B	26.94B
	Total Debt
12.62B	11.71B	11.22B	11.13B	10.63B
	Net Debt
9.76B	9.36B	9.13B	8.88B	9.28B
	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: 5.60
• 50DMA: Positive
• 100DMA: Positive
• 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 Positive. The current price of 5.6 is above the 20-day moving average (MA) of 5.56, above the 50-day MA of 5.31, and above the 200-day MA of 4.68, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 58.56 is Neutral, neither overbought nor oversold. The STOCH value of 74.83 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	83 Outperform	$24.13B	5.13	15.77%	8.46%	-4.64%	19.18%
HSBA	82 Outperform	£151.13B	10.16	10.86%	3.41%	-3.40%	-7.51%
0011	76 Outperform	$212.51B	12.10	11.23%	4.61%	-2.77%	4.04%
0002	75 Outperform	HK$166.24B	14.16	11.36%	30.04%	4.35%	76.44%
0003	70 Outperform	$123.34B	21.59	9.72%	6.95%	-2.63%	-5.90%
Sector *	64 Neutral	$12.73B	9.92	7.90%	78.88%	12.06%	-7.95%
0006	62 Neutral	$108.79B	17.78	6.95%	8.05%	-28.87%	1.93%

First Pacific Co Corporate Events

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.

First Pacific Declares Final Dividend for 2024

First Pacific Company Limited, a prominent entity listed on the Hong Kong Stock Exchange, has announced a final cash dividend of HKD 0.135 per share for the financial year ending December 31, 2024. This declaration, made on March 28, 2025, signifies the company’s commitment to returning value to its shareholders, with the payment scheduled for July 3, 2025. The announcement reflects First Pacific’s stable financial performance and its strategic focus on maintaining shareholder confidence.

First Pacific Co Reports Strong Profit Growth Despite Turnover Decline in 2024

First Pacific Co, a company incorporated in Bermuda, reported its 2024 annual financial results, highlighting an 11.4% increase in recurring profit to US$672.5 million, despite a 4.3% decrease in turnover to US$10,057.2 million. The company saw a 19.8% rise in profit attributable to owners of the parent, reaching US$600.3 million. The financial report also noted a significant decrease in non-recurring losses by 73.8% and an increase in equity attributable to owners by 6.5%. However, the consolidated net debt rose by 7.7%, and the gearing ratio increased to 0.76 times. The announcement reflects a robust profit performance despite challenges in turnover, indicating a positive operational impact and potential shareholder benefits through increased earnings per share and recommended distributions.

Indofood Reports Strong Financial Growth in 2024

PT Indofood Sukses Makmur Tbk, a subsidiary of First Pacific Company Limited, reported a 4% increase in consolidated net sales to Rp115.79 trillion for the year ending December 31, 2024. The company’s income from operations rose by 17% to Rp23.09 trillion, with core profit growing by 16% to Rp11.34 trillion, reflecting strong operational performance. Indofood’s President Director and CEO, Anthoni Salim, highlighted the company’s focus on organic growth and maintaining a healthy balance sheet while balancing market share and profitability.

Indofood Reports Strong Financial Performance for 2024

First Pacific Company Limited has announced the audited consolidated financial results of its subsidiary, PT Indofood Sukses Makmur Tbk, for the year ended 31 December 2024. Indofood reported a net sales increase to IDR 115.8 trillion and a gross profit of IDR 40.1 trillion, reflecting a robust financial performance. The company’s income for the year rose to IDR 13.1 trillion, with total comprehensive income reaching IDR 12.5 trillion. These results underscore Indofood’s strong market position and operational efficiency, benefiting both equity holders and non-controlling interests.

First Pacific Co’s PLP Awards Major CCGT Power Project in Singapore

First Pacific Co announced that its subsidiary, PacificLight Power Pte. Ltd. (PLP), has issued a conditional letter of award (CLOA) to a contractor for the engineering, procurement, and construction (EPC) of a CCGT power project in Singapore. This project, scheduled to commence operations in January 2029, will be the largest and most efficient of its kind in Singapore, enhancing PLP’s competitiveness and growth. The contract, valued at approximately US$564.1 million, will be executed on a milestone basis, with additional payments possible if PLP opts to purchase certain equipment. The transaction is considered discloseable under Hong Kong’s Listing Rules, requiring reporting and announcements.