FSGCY (First Gen) Dividend Payout Ratio: 0.00 (As of Mar. 2026)

What is First Gen Dividend Payout Ratio?

First Gen FSGCY 56 Dividend Payout Ratio is 0.00 as of Mar. 2026. 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 181 Utilities - Independent Power Producers companies, First Gen ranks worse than 96.13% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. First Gen's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of First Gen Corp is 4.23, which seems too high.

The historical rank and industry rank for First Gen's Dividend Payout Ratio or its related term are showing as below:

FSGCY' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.21 Max: 4.23
Current: 4.23

During the past 13 years, the highest Dividend Payout Ratio of First Gen was 4.23. The lowest was 0.14. And the median was 0.21.

FSGCY's Dividend Payout Ratio is ranked worse than
96.13% of 181 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.44 vs FSGCY: 4.23

As of today (2026-06-24), the Dividend Yield % of First Gen is 4.97%.

During the past 13 years, the highest Trailing Annual Dividend Yield of First Gen was 5.92%. The lowest was 0.94%. And the median was 2.98%.

First Gen's Dividends per Share for the months ended in Mar. 2026 was $0.00.

During the past 12 months, First Gen's average Dividends Per Share Growth Rate was -11.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 1.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of First Gen was 26.00% per year. The lowest was -11.20% per year. And the median was 10.30% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

First Gen (OTCPK:FSGCY) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

First Gen Dividend Payout Ratio Related Terms

First Gen Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for First Gen's Dividend Payout Ratio 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 Dividend Payout Ratio Chart

First Gen Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

Get a 7-Day Free Trial

0.21

0.20

0.21

0.67

3.32

First Gen Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.00	0.36	0.00	0.16	0.00

First Gen Dividend Payout Ratio Competitor Comparison

For the Utilities - Renewable subindustry, First Gen's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, First Gen's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where First Gen's Dividend Payout Ratio falls into.

Save Embed

56GF Score

First Gen Corp FSGCY

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

First Gen Dividend Payout Ratio Calculation

First Gen's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	0.262	/	0.079
	=	3.32

First Gen's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0	/	0.283
	=	0.00

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.00 mean?

First Gen (FSGCY) has a Dividend Payout Ratio of 0.00 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on First Gen and its competitors. Over the past decade, First Gen's Dividend Payout Ratio has ranged from 0.14 to 4.23. According to the industry distribution chart, First Gen ranks #174 out of 181 companies in the Utilities - Independent Power Producers industry, placing it in the top 96.1%.

Is First Gen's Dividend Payout Ratio too high?

First Gen's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 4.23. Based on the distribution chart, First Gen ranks #174 out of 181 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. 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 Dividend Payout Ratio compare to competitors?

According to the Utilities - Independent Power Producers industry distribution chart, First Gen ranks #174 out of 181 companies for Dividend Payout Ratio. This places First Gen in the lower half of its industry. The industry median Dividend Payout Ratio is 0.44. Historically, First Gen's own Dividend Payout Ratio has ranged from 0.14 to 4.23 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for an Utilities - Independent Power Producers company?

The median Dividend Payout Ratio among Utilities - Independent Power Producers companies is 0.44, based on 181 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio 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 Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on First Gen and its competitors. For the Utilities - Independent Power Producers industry, the median Dividend Payout Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Gen's current Dividend Payout Ratio is 0.00. 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 Dividend Payout Ratio is 0.00. 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 Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For First Gen (FSGCY), the current Dividend Payout Ratio is 0.00 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:

Dividend Payout Ratio: 0.00
GF Value™: $2.05 vs. price of $5.35 (161% above fair value)
GF Score™: 56/100 with 9 warning signs

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

Industry Utilities Utilities - Independent Power Producers

Comparable Companies PHS:CREC PHS:REDC PHS:XG PHS:ALTER PHS:ASLAG PHS:MRC PHS:ACEN SHSE:600900 SHSE:600930 OCSE:ORSTED SHSE:600025 BOM:541450 ISX:BREN BSP:AXIA3 WBO:VER OHEL:FORTUM SHSE:600905 XLIS:EDPR SHSE:600886 SZSE:001289

Other Exchanges FGEN:Philippines

Address Ortigas Avenue, 6th Floor, Rockwell Business Center, Tower 3, Pasig, PHL, 1604

Website https://www.firstgen.com.ph

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

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.35

Price

$2.05

GF Value

View FSGCY Analysis

See Dividend Payout Ratio data for all stocks →