First Holdco (NSA:FIRSTHOLDCO) Construction In Progress

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSA:FIRSTHOLDCO First Holdco PLC NSA:FIRSTHOLDCO
63 GF Score
Price ₦65.60
GF Value ₦36.61
Valuation Significantly Overvalued
! 5 Warning Signs
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What is First Holdco Construction In Progress?

Construction In Progress does not apply to banks and insurance companies.

NSA:FIRSTHOLDCO
63GF Score
First Holdco PLC NSA:FIRSTHOLDCO
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Is First Holdco (NSA:FIRSTHOLDCO) Overvalued in 2026?

Based on GuruFocus' analysis, First Holdco stock appears to be overvalued. The current stock price of ₦65.60 is trading 79.2% above its estimated GF Value™ of ₦36.61. GuruFocus considers First Holdco to be Significantly Overvalued.

Key valuation signals for NSA:FIRSTHOLDCO:

  • Construction In Progress:
  • GF Value™: ₦36.61 vs. price of ₦65.60 (79.2% above fair value)
  • GF Score™: 63/100 with 5 warning signs

No single metric tells the full story. See the NSA:FIRSTHOLDCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

First Holdco Business Description

Address 35 Marina, Samuel Asabia House, PO Box 5216, Lagos, NGA
First Holdco PLC is a Nigerian financial services Group. The principal activities of the company are mainly the provision of Commercial Banking, Investment Banking, Asset Management, Trusteeship, Securities Brokerage and Insurance Brokerage. Its reportable segments are 1. Commercial Banking Business Group: It provides both individual and corporate clients/ customers with financial intermediation services, 2 Investment Banking and Asset Management Business Group: It provides advisory, asset management, markets and private equity services to a large institutional (corporations and governments) clientele, as well as merchant banking services., and 3. Others. The majority of revenue is derived from the Commercial Banking Business Group. Geographically, key revenue is derived from Nigeria.
63GF Score

Get the complete analysis for NSA:FIRSTHOLDCO

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦65.60
Price
₦36.61
GF Value