FSGCY (First Gen) FCF Margin %: 20.85% (As of Mar. 2026) — Near Median


FSGCY First Gen Corp FSGCY
56 GF Score
Price $5.35
GF Value $2.05
Valuation Significantly Overvalued
! 9 Warning Signs
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What is First Gen FCF Margin %?

First Gen FSGCY 56 FCF Margin % is 20.85% as of Mar. 2026, which is 9% below its 10-year median of 22.94. GuruFocus rates FSGCY with a GF Score™ of 56/100 and a GF Value™ of $2.05 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 418 Utilities - Independent Power Producers companies, First Gen ranks worse than 56.7% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. First Gen's Free Cash Flow for the three months ended in Mar. 2026 was $52.3 Mil. First Gen's Revenue for the three months ended in Mar. 2026 was $250.6 Mil. Therefore, First Gen's FCF Margin % for the quarter that ended in Mar. 2026 was 20.85%.

As of today, First Gen's current FCF Yield % is -0.61%.

The historical rank and industry rank for First Gen's FCF Margin % or its related term are showing as below:

FSGCY' s FCF Margin % Range Over the Past 10 Years
Min: -41.84   Med: 22.94   Max: 29.89
Current: -1.04


During the past 13 years, the highest FCF Margin % of First Gen was 29.89%. The lowest was -41.84%. And the median was 22.94%.

FSGCY's FCF Margin % is ranked worse than
56.7% of 418 companies
in the Utilities - Independent Power Producers industry
Industry Median: 2.71 vs FSGCY: -1.04


First Gen FCF Margin % Related Terms


First Gen FCF Margin % Historical Data

* Premium members only.

The historical data trend for First Gen's FCF Margin % 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.

First Gen FCF Margin % Chart

First Gen Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.66 14.91 14.28 -41.84 6.35

First Gen Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 59.80 11.52 27.29 33.21 20.85

First Gen FCF Margin % Competitor Comparison

For the Utilities - Renewable subindustry, First Gen's FCF Margin %, along with its competitors' market caps and FCF Margin % 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.


First Gen FCF Margin % vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, First Gen's FCF Margin % distribution charts can be found below:

* The bar in red indicates where First Gen's FCF Margin % falls into.


FSGCY
56GF Score
First Gen Corp FSGCY
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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First Gen FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

First Gen's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=55.393/871.996
=6.35 %

First Gen's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=52.258/250.649
=20.85 %

* 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.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of 20.85% mean?
First Gen (FSGCY) has a FCF Margin % of 20.85% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on First Gen and its competitors. This is near median its historical median of 22.94. According to the industry distribution chart, First Gen ranks #237 out of 418 companies in the Utilities - Independent Power Producers industry, placing it in the top 56.7%.
Is First Gen's FCF Margin % too high?
First Gen's current FCF Margin % of 20.85% is near median its 10-year median of 22.94. The Utilities - Independent Power Producers industry median FCF Margin % is 2.71. First Gen's value of 20.85% is 669.4% above this industry median. Based on the distribution chart, First Gen ranks #237 out of 418 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, First Gen has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Gen's FCF Margin % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, First Gen ranks #237 out of 418 companies for FCF Margin %. This places First Gen in the lower half of its industry. The industry median FCF Margin % is 2.71. First Gen's value of 20.85% is 669.4% above this benchmark. While the company's 10-year median is 22.94 vs. the industry median of 2.71, First Gen 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 FCF Margin % for an Utilities - Independent Power Producers company?
The median FCF Margin % among Utilities - Independent Power Producers companies is 2.71, based on 418 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Gen's current FCF Margin % of 20.85% is 669.4% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on First Gen and its competitors. For the Utilities - Independent Power Producers industry, the median FCF Margin % is 2.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Gen's current FCF Margin % is 20.85%, which is near median its own 10-year median of 22.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Gen stock overvalued right now?
Based on GuruFocus' analysis, First Gen (FSGCY) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.05, compared to a current price of $5.35 — trading 161% above its estimated fair value. The current FCF Margin % is 20.85%, which is near median its 10-year median of 22.94 and 669.4% above the Utilities - Independent Power Producers industry median of 2.71. First Gen's overall GF Score™ is 56/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For First Gen (FSGCY), the current FCF Margin % is 20.85% as of Mar. 2026. 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 First Gen (FSGCY) Overvalued in 2026?

Based on GuruFocus' analysis, First Gen stock appears to be overvalued. The current stock price of $5.35 is trading 161% above its estimated GF Value™ of $2.05. GuruFocus considers First Gen to be Significantly Overvalued.

Key valuation signals for FSGCY:

  • FCF Margin %: 20.85% (near median its 10-year median of 22.94)
  • GF Value™: $2.05 vs. price of $5.35 (161% above fair value)
  • GF Score™: 56/100 with 9 warning signs
  • Industry Position: 669.4% above the Utilities - Independent Power Producers median (#237 of 418)

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


First Gen Business Description

Other Exchanges FGEN:Philippines
Address Ortigas Avenue, 6th Floor, Rockwell Business Center, Tower 3, Pasig, PHL, 1604
First Gen Corp is an independent electric utility company operating in the Philippines. First Gen develops, finances, builds, bids for, and operate power generation projects. The company generates a amount of Filipino energy needs through its portfolio of natural gas, wind, solar, hydro, and geothermal power plants located in the country. Majority of the power generated by First Gen is produced through natural gas and geothermal fuel sources. It operates in six segments: FGPC, FGP, EDC and Subsidiaries, FGEN LNG, FNPC, and Prime Meridian. The company only operates in Philippines.
56GF Score

Get the complete analysis for FSGCY

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.35
Price
$2.05
GF Value