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FirstrandNAM:FST +3.09%85 Capex-to-Operating-Cash-Flow is 0.29 as of Dec. 2025, which is 24% below its 10-year median of 0.38. GuruFocus rates NAM:FST with a GF Score™ of 85/100 and a GF Value™ of R84.79 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 833 Banks companies, Firstrand ranks worse than 93.4% on this metric.
Capex-to-Operating-Cash-Flow assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. It’s also useful to distinguish whether the company is capital intensive or not.
Capex-to-Operating-Cash-Flow ratio assesses how much of a company’s Cash Flow from Operations is being devoted to Capital Expenditure. It is a good indicator in terms of how much the company is focused on growth. In general, a high Capex-to-Operating-Cash-Flow ratio indicates that the company is investing more in physical assets and is focused on growth and expansion. Conversely, lower ratio could indicate that a company has reached maturity and is no longer pursuing aggressive growth.
Moreover, the ratio is also useful to distinguish whether the company is capital intensive or not. If the ratio is large, then the company tends to be capital intensive. Lower ratio suggests that it’s a capital-light business. The ratio can be combined with ROIC % to identify whether the company is an asset-light business that has a high return on invested capital. This is one question investors commonly ask to see if a company qualifies as a good company.
Firstrand Capex-to-Operating-Cash-Flow Related Terms
Firstrand Capex-to-Operating-Cash-Flow Historical Data
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The historical data trend for Firstrand's Capex-to-Operating-Cash-Flow can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NAM:FST vs JPM, BAC, WFC: Capex-to-Operating-Cash-Flow Comparison
For the Banks - Diversified subindustry, Firstrand's Capex-to-Operating-Cash-Flow, along with its competitors' market caps and Capex-to-Operating-Cash-Flow data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Firstrand Capex-to-Operating-Cash-Flow vs Banks Industry
For the Banks industry and Financial Services sector, Firstrand's Capex-to-Operating-Cash-Flow distribution charts can be found below:
* The bar in red indicates where Firstrand's Capex-to-Operating-Cash-Flow falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Capex-to-Operating-Cash-Flow of 0.29 mean?
Firstrand (NAM:FST) has a Capex-to-Operating-Cash-Flow of 0.29 as of Dec. 2025. Capex to Operating Cash Flow ratio assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. View historical data on Firstrand and its competitors. This is 24% below median its historical median of 0.38. Over the past decade, Firstrand's Capex-to-Operating-Cash-Flow has ranged from 0.09 to 0.92. According to the industry distribution chart, Firstrand ranks #778 out of 833 companies in the Banks industry, placing it in the top 93.4%.
Is Firstrand's Capex-to-Operating-Cash-Flow too high?
Firstrand's current Capex-to-Operating-Cash-Flow of 0.29 is 24% below median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.92. The Banks industry median Capex-to-Operating-Cash-Flow is 0.06. Firstrand's value of 0.29 is 383.3% above this industry median. Based on the distribution chart, Firstrand ranks #778 out of 833 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Firstrand has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Firstrand's Capex-to-Operating-Cash-Flow compare to JPM and BAC?
According to the Banks industry distribution chart, Firstrand ranks #778 out of 833 companies for Capex-to-Operating-Cash-Flow. This places Firstrand in the lower half of its industry. The industry median Capex-to-Operating-Cash-Flow is 0.06. Firstrand's value of 0.29 is 383.3% above this benchmark. Historically, Firstrand's own Capex-to-Operating-Cash-Flow has ranged from 0.09 to 0.92 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 0.06, Firstrand has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Capex-to-Operating-Cash-Flow for a Banks company?
The median Capex-to-Operating-Cash-Flow among Banks companies is 0.06, based on 833 companies in the industry. Companies in the top quartile (top 25%) have a Capex-to-Operating-Cash-Flow significantly above this median, while those in the bottom quartile fall well below. However, Capex-to-Operating-Cash-Flow should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Firstrand's current Capex-to-Operating-Cash-Flow of 0.29 is 383.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Capex-to-Operating-Cash-Flow mean?
A high Capex-to-Operating-Cash-Flow can signal that a stock is expensive relative to its fundamentals. Capex to Operating Cash Flow ratio assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. View historical data on Firstrand and its competitors. For the Banks industry, the median Capex-to-Operating-Cash-Flow is 0.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firstrand's current Capex-to-Operating-Cash-Flow is 0.29, which is 24% below median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firstrand stock overvalued right now?
Based on GuruFocus' analysis, Firstrand (NAM:FST) is currently considered Modestly Overvalued. The stock's GF Value™ is R84.79, compared to a current price of R100.46 — trading 18.5% above its estimated fair value. The current Capex-to-Operating-Cash-Flow is 0.29, which is 24% below median its 10-year median of 0.38 and 383.3% above the Banks industry median of 0.06. Firstrand's overall GF Score™ is 85/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Capex-to-Operating-Cash-Flow calculated?
Capex-to-Operating-Cash-Flow is calculated from a company's financial statements. For Firstrand (NAM:FST), the current Capex-to-Operating-Cash-Flow is 0.29 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Firstrand (NAM:FST) Overvalued in 2026?
Based on GuruFocus' analysis, Firstrand stock appears to be overvalued.
The current stock price of R100.46 is trading 18.5% above its estimated GF Value™ of R84.79.
GuruFocus considers Firstrand to be Modestly Overvalued.
Key valuation signals for NAM:FST:
Capex-to-Operating-Cash-Flow: 0.29 (24% below median its 10-year median of 0.38)
GF Value™: R84.79 vs. price of R100.46 (18.5% above fair value)
Industry Position: 383.3% above the Banks median (#778 of 833)
No single metric tells the full story. See the NAM:FST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
85GF Score
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Capex-to-Operating-Cash-Flow is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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