FirstRand

Key Performance Metrics

  • The review of Net Profit Margin witnessed a declining trend. The Net Profit Margin declined from 26.94% in 2019 to 22% in 2023.
  • The average EBIT Margin for the period under analysis was 75.48%, with 2020 and 2023 performing the worst and best, respectively.
  • In the current year, Firstrand was able to cover its interest liabilities 1.54 times in the current year- compared to 2019 when it was 1.71 times.
  • The Capital turnover stood at 1.03 times in 2023 from 0.83 2019, implying a high performance on Assets of the business in relation to revenue.

Profitability

  • The revenue of Firstrand has fluctuated year on year. The revenue increased by 1.3% between 2019 and 2020 and then a decrease of -13.2% was recorded between 2020 and 2021. There also occurred a decrease of 32.8% between 2022 and 2023 (the current period).
  • Firstrand’s performance in profitability looks good as the return on capital employed also recorded good performance during the period of analysis.

Liquidity

  • The company’s result in liquidity fair stagnant, as loan to deposits moved from 0.15 in 2019 to 0.77 in the current year. Which implies that the company has enough assets to settle its current liabilities.

Capital Structure

  • Firstrand is both equity and debt financed.
  • The debt-to-equity (D/E) ratio has been falling year on year. The gearing position of the company appears to be high as it stood at 139% in the current year.

Source: Firstrand Annual Report

Share This Showroom

Open chat
1
Need Help?
Powered by BFI Insights
Hello 👋
How can we assist you today?