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FCF Margin % is calculated as Free Cash Flow divided by its Revenue. First Holdco's Free Cash Flow for the
three
months ended in Mar. 2026 was ₦-2,011,393 Mil. First Holdco's Revenue for the
three
months ended in Mar. 2026 was ₦639,810 Mil. Therefore, First Holdco's FCF Margin % for the quarter that ended in Mar. 2026 was -314.37%.
The historical rank and industry rank for First Holdco's FCF Margin % or its related term are showing as below:
NSA:FIRSTHOLDCO'
s FCF Margin % Range Over the Past 10 Years
Min: -67.65 Med: 92.63 Max: 321.3
Current: 18.82
During the past 13 years, the highest FCF Margin % of First Holdco was 321.30%. The lowest was -67.65%. And the median was 92.63%.
NSA:FIRSTHOLDCO's FCF Margin % is ranked worse than 59.72% of 1507
companies
in the Banks industry
Industry Median: 26.55
vs NSA:FIRSTHOLDCO: 18.82
First Holdco FCF Margin % Related Terms
First Holdco FCF Margin % Historical Data
* Premium members only.
The historical data trend for First Holdco'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.
For the Banks - Regional subindustry, First Holdco'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 Holdco FCF Margin % vs Banks Industry
For the Banks industry and Financial Services sector, First Holdco's FCF Margin % distribution charts can be found below:
* The bar in red indicates where First Holdco's FCF Margin % 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.
First Holdco (NSA:FIRSTHOLDCO) has a FCF Margin % of -314.37% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on First Holdco and its competitors. According to the industry distribution chart, First Holdco ranks #900 out of 1507 companies in the Banks industry, placing it in the top 59.7%.
Is First Holdco's FCF Margin % too high?
First Holdco's current FCF Margin % is -314.37%. Based on the distribution chart, First Holdco ranks #900 out of 1507 companies in the Banks industry, which is below the industry midpoint. Overall, First Holdco has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Holdco's FCF Margin % compare to competitors?
According to the Banks industry distribution chart, First Holdco ranks #900 out of 1507 companies for FCF Margin %. This places First Holdco in the lower half of its industry. The industry median FCF Margin % is 26.55. 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 a Banks company?
The median FCF Margin % among Banks companies is 26.55, based on 1,507 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. 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 Holdco and its competitors. For the Banks industry, the median FCF Margin % is 26.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Holdco's current FCF Margin % is -314.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Holdco stock overvalued right now?
Based on GuruFocus' analysis, First Holdco (NSA:FIRSTHOLDCO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦36.61, compared to a current price of ₦65.60 — trading 79.2% above its estimated fair value. The current FCF Margin % is -314.37%. First Holdco's overall GF Score™ is 63/100 with 5 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 Holdco (NSA:FIRSTHOLDCO), the current FCF Margin % is -314.37% 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 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:
FCF Margin %: -314.37%
GF Value™: ₦36.61 vs. price of ₦65.60 (79.2% above fair value)
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 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
FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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