FirstRand Limited (FANDF) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
P/E 15.18 means the share price is 15.18 times one year of earnings per share; the S&P 500 usually sits near 20-25. Market cap $32.6B is the value of all shares combined.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gpt-4o-mini, generated Mar 16, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerFirstRand Limited (FANDF) trades at $5.82. FirstRand Limited is a leading financial services provider in South Africa, offering a diverse range of banking and insurance products. Market cap: $32.6B, Sector: Financial services.
Price as of Sep 11, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for FANDF: FANDF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates FANDF against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
These figures come from statements filed 15 months ago — the most recent this company has published.
No score published: this stock trades under $10,000 on a typical day, so the price beside it is not one you could reliably act on.
FANDF: 1/2 scored disciplines lean bullish. Dominant signal: Ken Griffin bullish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
FirstRand Limited (FANDF) Financial Services Profile
FirstRand Limited stands as a prominent player in the financial services sector, delivering a comprehensive suite of banking, investment, and insurance solutions across South Africa and international markets, with a strong focus on customer service and innovative financial products.
What Is the Investment Thesis for FANDF?
FirstRand Limited presents a robust investment thesis characterized by strong financial metrics, including a market cap of $32.6B, a P/E ratio of 15.18, and a profit margin of 22.4%. The company's diverse product offerings and geographic reach provide significant growth catalysts, particularly in the African markets, where banking penetration remains low. With a dividend yield of 5.30%, FirstRand demonstrates its commitment to returning value to shareholders. The ongoing expansion into insurance and asset management services further supports revenue diversification. However, potential risks include regulatory challenges and economic fluctuations in its operating regions, which could impact growth trajectories. Investors should monitor these factors closely as they assess FirstRand's long-term value proposition.
Based on FMP financials and quantitative analysis
FANDF Key Highlights
Market cap of $32.6B, reflecting strong market presence.
- P/E ratio of 15.18, indicating attractive valuation relative to peers.
- Profit margin of 22.4%, showcasing operational efficiency.
- Gross margin of 70.8%, significantly above industry average.
- Dividend yield of 5.30%, demonstrating commitment to shareholder returns.
Who Are FANDF's Competitors?
FANDF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| AAVMY ABN AMRO Bank N.V. | $49.26 | -0.06% | $40.6B | 449-signal |
| BKHPF Bank Hapoalim B.M. | $26.71 | +6.03% | $34.9B | — |
| MLYBY Malayan Banking Berhad | $5.25 | +0.10% | $31.8B | — |
| PPERY PT Bank Mandiri (Persero) Tbk | $9.91 | -0.55% | $23.1B | 579-signal |
| NWG NatWest Group plc | $18.42 | -0.75% | $36.7B | 565-pillar |
| NTIOF National Bank of Canada | $152.59 | +0.33% | $58.8B | 599-signal |
| EWBC East West Bancorp, Inc. | $129.37 | +0.85% | $17.7B | 885-pillar |
| SCBFF Standard Chartered PLC | $30.53 | +2.24% | $66.5B | 449-signal |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.
What Are FANDF's Key Strengths?
Strong market position in South Africa with a diverse customer base.
- Robust financial performance with high profit margins.
- Comprehensive range of financial products and services.
- Established brand reputation and customer loyalty.
What Are FANDF's Weaknesses?
Exposure to economic fluctuations in South Africa and Africa.
- Dependence on traditional banking income amidst digital disruption.
- Regulatory challenges in the financial services sector.
- Limited presence in non-African international markets.
What Could Drive FANDF Stock Higher?
Expansion into new African markets to capture underserved customer segments.
- Investment in digital banking initiatives to enhance customer experience and operational efficiency.
- Launch of new insurance products to diversify revenue streams.
- Strategic partnerships with fintech companies to leverage technology and innovation.
- Focus on sustainable finance initiatives to attract socially responsible investors.
What Are the Key Risks for FANDF?
Financial-distress signal — its Altman Z-Score of -0.50 sits in the distress zone (elevated bankruptcy risk).
- Economic instability in South Africa impacting financial performance.
- Regulatory changes affecting operational costs and compliance requirements.
- Increased competition from fintech disruptors in the banking sector.
- Currency fluctuations affecting international operations and profitability.
- Cybersecurity threats impacting customer trust and operational integrity.
What Are the Growth Opportunities for FANDF?
- Expansion into African Markets: FirstRand Limited aims to capitalize on the growing demand for banking services in the rest of Africa, where financial inclusion remains a key challenge. The African banking sector is projected to grow at a CAGR of 10% over the next five years, driven by increasing urbanization and economic development. FirstRand's established presence and expertise position it well to capture this growth.
- Digital Banking Initiatives: The shift towards digital banking is transforming the financial services landscape. FirstRand is investing in technology to enhance its digital offerings, including mobile banking and online services. The global digital banking market is expected to reach $8.9 trillion by 2027, presenting a significant opportunity for FirstRand to attract tech-savvy customers and improve operational efficiency.
- Insurance Product Diversification: FirstRand is expanding its insurance portfolio to include more comprehensive life and short-term insurance products. The South African insurance market is projected to grow at a CAGR of 6% over the next five years, driven by rising awareness and demand for insurance solutions. This diversification will enhance revenue streams and reduce reliance on traditional banking services.
- Corporate and Investment Banking Growth: With a focus on corporate clients, FirstRand is well-positioned to benefit from increased investment activity in South Africa and the broader African region. The corporate banking sector is expected to grow as businesses seek financing and advisory services, providing FirstRand with opportunities to expand its market share in this segment.
- Sustainable Finance Initiatives: As global focus shifts towards sustainability, FirstRand is exploring opportunities in green finance and sustainable investment products. The global sustainable finance market is projected to exceed $30 trillion by 2030, and FirstRand's commitment to sustainable practices can enhance its reputation and attract socially conscious investors.
What Threats Does FANDF Face?
- Intense competition from both traditional banks and fintech startups.
- Economic instability and political risks in operating regions.
- Regulatory changes impacting operational costs and compliance.
- Technological disruptions affecting traditional banking models.
What Are FANDF's Competitive Advantages?
- Strong brand recognition and established market presence in South Africa.
- Diverse product offerings catering to various customer segments.
- Robust risk management and compliance frameworks.
- Innovative technology investments enhancing customer experience.
- Strategic partnerships and collaborations within the financial ecosystem.
What Does FANDF Do?
FirstRand Limited, established in 1966, is headquartered in Sandton, South Africa, and operates as a diversified financial services group. The company has evolved significantly since its inception, expanding its offerings to include a wide range of banking, transactional, lending, investment, and insurance products. FirstRand serves a diverse clientele, including retail, commercial, corporate, and public sector customers, as well as small businesses and government entities. Its product portfolio encompasses deposit and savings accounts, personal loans, asset and invoice finance, and various mortgage solutions, including SME commercial, residential, and buy-to-let mortgages. Additionally, FirstRand provides life and short-term insurance products, vehicle finance, installment credit, fleet management, and corporate and investment banking services. The company is committed to innovation and customer-centric solutions, which has solidified its position as a leader in the financial services industry. With operations extending beyond South Africa to the rest of Africa and the United Kingdom, FirstRand is strategically positioned to capitalize on growth opportunities in emerging markets, enhancing its competitive edge in the global financial landscape.
What Products and Services Does FANDF Offer?
- Provide a range of banking services including personal and commercial loans.
- Offer deposit and savings products to retail and corporate customers.
- Deliver insurance products, including life and short-term insurance.
- Facilitate corporate and investment banking services.
- Provide asset management and vehicle-related insurance services.
- Serve various customer segments including retail, commercial, and government entities.
How Does FANDF Make Money?
- Generate revenue through interest income from loans and mortgages.
- Earn fees from transactional banking services and insurance products.
- Offer investment management services for asset growth.
- Facilitate corporate financing and advisory services for businesses.
- Leverage cross-selling opportunities across diverse product lines.
What Industry Does FANDF Operate In?
The banking industry in South Africa is characterized by a competitive landscape with a mix of established players and emerging fintech companies. The market is witnessing a shift towards digital banking and innovative financial solutions, driven by changing consumer preferences and technological advancements. With a growing middle class and increasing demand for financial services across Africa, the market is expected to expand, presenting opportunities for FirstRand Limited to enhance its market share. The industry's growth rate is projected to remain robust, fueled by economic development and increased financial inclusion initiatives.
Who Are FANDF's Key Customers?
- Retail customers seeking personal banking and loan services.
- Small and medium enterprises requiring commercial banking solutions.
- Corporate clients needing investment banking and financing.
- Public sector entities and government organizations.
- Agricultural businesses looking for specialized financial services.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● Latest filing 254 days ago
- ● No analyst coverage
- ● Reported in ZAR, converted to USD
MoonshotScore History
Recorded daily since 2026-08-23 · 19 snapshots
| 2026-08-23 | 49 |
| 2026-08-26 | 49 |
| 2026-08-29 | 49 |
| 2026-09-01 | 49 |
| 2026-09-04 | 49 |
| 2026-09-07 | 49 |
| 2026-09-10 | 49 |
What changed?
The score has stayed at 49.
Over the same 18 days the stock moved +0.0%.
FirstRand Limited Financial Trajectory
FirstRand Limited (FANDF) reported $8.39B in revenue for Q2 FY2026, reflecting 100.8% growth compared to the prior quarter. The company recorded net income of $1.48B, with diluted EPS of $4.42. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this large-cap Financial Services company. Across the four most recent quarters, FANDF averaged $1.28 in diluted EPS.
Company Profile
FirstRand Limited operates in the Banks industry within the Financial Services sector. It is headquartered in Sandton, ZA. The company is led by CEO Mary Seemane Vilakazi. FANDF has traded publicly since 2018.
How FirstRand Limited Is Valued
FirstRand Limited carries a market capitalization of $32.6B, placing it in the large-cap category.
Key Financial Metrics
Return on equity for FirstRand Limited stands at 20.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.7%, showing how much profit it generates from its asset base. FANDF trades at a trailing price-to-earnings ratio of 15.18, below the Financial Services sector average of ~17.50x. Its free cash flow yield is -19.5%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.08 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 8.5%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
FirstRand Limited's Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of -0.50 places it in the distress zone, a signal of elevated financial risk.
Earnings Track Record
FirstRand Limited has beaten Wall Street's EPS estimate in 3 of its last 5 reported quarters — more hits than misses. Reported results have landed about 2.8% above estimates on average.
FANDF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Strong market position in South Africa with a diverse customer base.
- Robust financial performance with high profit margins.
- Comprehensive range of financial products and services.
- Established brand reputation and customer loyalty.
Bear Case
- Exposure to economic fluctuations in South Africa and Africa.
- Dependence on traditional banking income amidst digital disruption.
- Regulatory challenges in the financial services sector.
- Limited presence in non-African international markets.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 FY2026 | $8.39B | $1.48B | $4.42 |
| Q4 FY2025 | $4.18B | $1.34B | $0.24 |
| Q2 FY2025 | $4.06B | $1.36B | $0.24 |
| Q4 FY2024 | $7.64B | $1.21B | $0.22 |
Q2 FY2026 · filed 31 Dec 2025 · Financial Modeling Prep
Based on FMP financials and quantitative analysis · Converted to USD from ZAR at today's rate
FANDF Latest News
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Aldermore battle heats up as private equity giant CVC motors into auction
Yahoo! Finance: FANDF News · Aug 20, 2026
FANDF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for FANDF.
Price Targets
Wall Street price target analysis for FANDF.
FANDF MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for FANDF; grades run from A+ (80-100) to F (below 30).
Leadership: Mary Seemane Vilakazi
CEO
Mary Seemane Vilakazi has extensive experience in the financial services sector, having held various leadership roles within FirstRand Limited and other prominent financial institutions. She holds a degree in Business Administration and has a strong track record in strategic management and operational excellence. Her leadership style emphasizes innovation and customer-centric approaches, driving FirstRand's growth in a competitive landscape.
Track Record: Under Mary Seemane Vilakazi's leadership, FirstRand has achieved significant milestones, including expanding its product offerings and enhancing digital banking capabilities. Her strategic vision has positioned the company for sustainable growth in both domestic and international markets.
FANDF OTC Market Information
The OTC Other tier includes stocks that do not meet the requirements for higher tiers like OTCQX or OTCQB. These stocks may have less transparency and liquidity compared to those listed on major exchanges like NYSE or NASDAQ, potentially impacting investment decisions.
- OTC Tier: OTC Other
- Limited trading volume may result in price volatility.
- Potential for wider bid-ask spreads, impacting trade execution.
- Less stringent reporting requirements may obscure financial performance.
- Increased risk of price manipulation in less regulated markets.
- Potential for lower investor confidence due to OTC classification.
- Review financial statements and performance metrics.
- Assess the company's competitive positioning and market trends.
- Evaluate the management team's experience and track record.
- Investigate regulatory compliance and potential risks.
- Monitor news and developments affecting the financial services sector.
- Established history and reputation in the financial services industry.
- Availability of financial reports and disclosures.
- Membership in relevant industry associations and networks.
- Strong market capitalization indicating investor interest.
- Positive customer feedback and brand recognition.
What Investors Ask About FirstRand Limited (FANDF) — Financial Services
Is FANDF a good stock?
Stock Expert AI does not rate FANDF buy, sell or hold. FirstRand Limited has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What do analysts say about FANDF stock?
Analysts generally view FANDF stock as a solid player in the financial services sector, noting its strong profit margins and diverse product offerings. Key valuation metrics, such as a P/E ratio of 15.18, suggest that the stock is reasonably valued compared to peers.
What are the key factors to evaluate for FANDF?
Evaluate FANDF on fundamentals, analyst consensus, and risk factors. P/E: 15.18x vs the S&P 500's ~20-25x. With a dividend yield of 5.30%, FirstRand demonstrates its commitment to returning value to shareholders. Not financial advice.
How frequently does FANDF data refresh on this page?
FANDF's price was last updated on Sep 11, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven FANDF's recent stock price performance?
FirstRand Limited (FANDF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong market position in South Africa with a diverse customer base. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider FANDF overvalued or undervalued right now?
FirstRand Limited (FANDF) trades at 15.18x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Can I buy fractional shares of FANDF?
Yes, most major brokerages offer fractional shares of FirstRand Limited (FANDF) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.
How can I track FANDF's earnings and financial reports?
FirstRand Limited (FANDF) reports quarterly earnings approximately 4-6 weeks after each fiscal quarter ends. You can track earnings dates, revenue and EPS estimates, and actual results on this page's Financials tab. Earnings surprises (beats or misses) often cause significant short-term price moves. Your brokerage can send alerts for FANDF earnings announcements.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Data is based on the latest available financial reports and market analysis.