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FG Nexus Inc. (FGNX) 10-Year Financial Performance & Capital Metrics

FGNX • • Insurance & Managed Care
Financial ServicesDiversified InsuranceSpecialty & ReinsuranceSpecialty Risk & Reinsurance
AboutFG Nexus, Inc. engages in the provision of reinsurance, asset management and merchant banking services. The company was founded in October 2012 and is headquartered in Charlotte, NC.Show more
  • Revenue $17M +1.5%
  • Combined Ratio 243.39% +24.6%
  • Net Income -$1M +91.8%
  • Return on Equity -2.08% +93.8%
  • Medical Cost Ratio 146.95% +17.0%
  • Operating Margin -143.39% -50.5%
  • Net Margin -6.66% +91.9%
  • ROA -1.35% +93.6%
  • Equity / Assets 67.78% +13.8%
  • Book Value per Share 70.26 -24.1%
  • Tangible BV/Share 70.26 -24.1%
  • Debt/Equity 0.05 -80.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Trading at only 0.0x book value

✗Weaknesses

  • ✗Unprofitable underwriting: 243.4% combined ratio
  • ✗Weak Piotroski F-Score: 2/9
  • ✗Weak momentum: RS Rating 7 (bottom 7%)
  • ✗High loss ratio of 147.0%
  • ✗Shares diluted 100.0% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.89%
5Y25.85%
3Y61.13%
TTM-113.43%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-324.87%

EPS CAGR

10Y-
5Y-
3Y-
TTM-1033.87%

ROCE

10Y Avg-14.33%
5Y Avg-28.82%
3Y Avg-23.85%
Latest-41.37%

Peer Comparison

Specialty Risk & Reinsurance
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
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Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
IGICInternational General Insurance Holdings Ltd.1.04B24.018.0610.24%23.05%19.02%19.57%0.01
RZC7.125% Fixed-Rate Reset Subordinated Debentures due 205225.472.3719.85%3.89%6.63%0.46
FGNXFG Nexus Inc.121.1M3.06-1.261.49%-6.66%-7.05%0.05

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+27.13M32.26M38.15M1.21M5.5M-17.42M4.15M12.48M17.09M17.35M
Revenue Growth %0.43%0.19%0.18%-0.97%3.55%-4.17%1.24%2.01%0.37%0.01%
Medical Costs & Claims+16.78M24.86M26.98M42.73M005.75M10.65M21.48M25.49M
Medical Cost Ratio %----------
Gross Profit+10.35M7.39M11.17M-41.52M5.5M-17.42M-1.6M1.82M-4.38M-8.14M
Gross Margin %----------
Gross Profit Growth %-0.04%-0.29%0.51%-4.72%1.13%-4.17%0.91%2.14%-3.4%-0.86%
Operating Expenses+12.69M7.27M9.68M-39.94M2.38M5.7M5.74M736K11.9M16.73M
OpEx / Revenue %----------
Depreciation & Amortization53K67K73K124K0000841K829K
Combined Ratio %----------
Operating Income+-2.34M119K1.49M-1.58M3.12M-23.12M-7.33M1.09M-16.29M-24.88M
Operating Margin %----------
Operating Income Growth %-1.41%1.05%11.54%-2.06%2.97%-8.41%0.68%1.15%-15.97%-0.53%
EBITDA+-2.28M186K1.56M-1.46M3.12M-23.12M-7.33M1.09M-15.45M-24.05M
EBITDA Margin %----------
Interest Expense00000000520K360K
Non-Operating Income00003.12M000-3.5M-2.24M
Pretax Income+-2.34M119K1.49M-1.58M3.12M-23.12M-7.33M1.09M-13.3M-23M
Pretax Margin %----------
Income Tax+-663K108K1.2M-308K738K-665K00-998K-139K
Effective Tax Rate %----------
Net Income+-1.67M11K294K804K311K-22.46M-8.51M1.09M-14.08M-1.16M
Net Margin %----------
Net Income Growth %-1.46%1.01%25.73%1.73%-0.61%-73.21%0.62%1.13%-13.94%0.92%
EPS (Diluted)+-6.750.051.25-1.25-4.50-103.79-49.00-2.18-35.22-2.43
EPS Growth %-1.55%1.01%26.47%-2%-2.6%-22.06%0.53%0.96%-15.16%0.93%
EPS (Basic)-6.750.051.25-1.25-4.50-103.75-49.00-2.18-35.22-2.43
Diluted Shares Outstanding251.48K241.92K238.8K247.21K240.74K229.85K208.51K321.2K400K1.06M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+82.08M90.85M114.44M147.92M57.63M55.5M75.81M71.75M62.14M109.47M
Asset Growth %0.11%0.11%0.26%0.29%-0.61%-0.04%0.37%-0.05%-0.13%0.76%
Total Investment Assets+21.64M28.4M55.19M83.33M13.31M20.17M41.13M37.52M28.02M60.07M
Long-Term Investments21.39M28.4M54.25M80.05M13.31M20.17M41.13M37.52M17.47M54.31M
Short-Term Investments1.15M196K417K474K000010.55M5.76M
Total Current Assets+51.5M46.16M34.82M46.84M23.02M17.81M21.77M18.22M31.44M50M
Cash & Equivalents47.96M43.05M23.57M30.9M4.95M4.43M8.73M3.79M6M7.79M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets00021.85M6.59M5.55M5.14M4.87M9.89M31.63M
Goodwill & Intangibles+1.1M3.25M4.92M79.08M1.51M1.29M1.01M2.39M00
Goodwill863K889K952K875K919K938K942K882K00
Intangible Assets235K2.36M3.97M1.79M591K353K69K1.51M00
PP&E (Net)234K250K205K315K11.29M9.83M10.2M13.63M12.74M4.09M
Other Assets-21.39M-31.64M-59.17M-80.36M8.5M6.4M1.69M2K486K1.07M
Total Liabilities34.58M44.49M67.64M85.18M31.92M28.43M23.53M25.05M25.14M35.27M
Total Debt+2.59M2.71M2.84M118K11.33M9.84M7.29M8.77M9.46M3.74M
Net Debt-45.36M-40.34M-20.73M-30.78M6.38M5.41M-1.44M4.98M3.46M-4.05M
Long-Term Debt001.87M000105K5M5.46M301K
Short-Term Debt0004.25M3.08M3.3M3.02M2.73M2.29M2.07M
Total Current Liabilities+965K1.2M64K9.49M17.3M16.14M14.13M14.29M17.87M33.48M
Accounts Payable3.76M3.42M5.53M66K2.51M2.72M4.25M4.38M4.83M5.7M
Deferred Revenue00-565K-4.25M0000867K857K
Other Current Liabilities-4.15M-4.08M-3.41M-9.26M7.45M6.38M3.43M3.81M9.87M24.85M
Deferred Taxes1000K1000K1000K1000K00001000K1000K
Other Liabilities33.61M43.3M65.7M83.94M7.98M7.39M5.71M4.96M-3.84M-3.15M
Total Equity+47.51M46.36M46.8M62.75M25.71M27.07M52.28M46.7M37.01M74.2M
Equity Growth %-0.05%-0.02%0.01%0.34%-0.59%0.05%0.93%-0.11%-0.21%1%
Shareholders Equity47.51M46.36M46.8M62.75M25.71M27.07M52.28M46.7M35.15M74.2M
Minority Interest000000001.86M0
Retained Earnings605K616K910K639K6M5.65M23.59M16.44M2.34M-229K
Common Stock6K6K6K6K174K176K213K223K225K29K
Accumulated OCI-62K-65K-169K-729K-4.47M-3.89M-3.75M-5.26M-4.68M1.11M
Return on Equity (ROE)-0.03%0%0.01%0.01%0.01%-0.85%-0.21%0.02%-0.34%-0.02%
Return on Assets (ROA)-0.02%0%0%0.01%0%-0.4%-0.13%0.01%-0.21%-0.01%
Equity / Assets----------
Debt / Equity0.05x0.06x0.06x0.00x0.44x0.36x0.14x0.19x0.26x0.05x
Book Value per Share188.91191.62195.99253.82106.79117.76250.72145.3892.5270.26
Tangible BV per Share----------

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+5.42M3.37M7.53M24.79M2.2M-11.28M2.04M-11.02M1.58M-4.05M
Operating CF Growth %-0.58%-0.38%1.23%2.29%-0.91%-6.13%1.18%-6.41%1.14%-3.56%
Operating CF / Revenue %----------
Net Income-1.67M11K294K804K-10.1M-22.46M17.94M1.09M-12.31M-22.86M
Depreciation & Amortization53K67K73K124K2.06M16.01M2.13M1.59M841K829K
Stock-Based Compensation47K38K31K337K1.12M311K892K255K1.6M1.62M
Deferred Taxes-243K87K404K-1.07M0-106K0-1.59M-933K-469K
Other Non-Cash Items3.85M355K372K860K10.19M-1.9M-16.06M-6.85M9.55M14.95M
Working Capital Changes3.38M2.81M6.35M23.74M-1.06M-3.14M-2.86M-5.52M2.82M1.88M
Cash from Investing+-9.37M-6.85M-26.98M-29.25M-2.35M-1.16M-1.15M-3.45M92K13.24M
Capital Expenditures-48K-83K-28K-52K-1.77M-13K-1.53M-81K-164K-46K
Acquisitions-305K1.08M2.59M1.55M000698K58K1.9M
Purchase of Investments-10.06M-7.72M-33.31M-36.38M0-1.14M0-8.84M-950K0
Sale/Maturity of Investments1000K953K1000K1000K0138K01000K198K1000K
Other Investing-5.75M-1.08M-2.59M-1.55M-576K-138K380K-698K950K6.36M
Cash from Financing+-1.73M-1.44M-16K11.78M-1.86M-3.94M3.25M1.94M1.24M-7.38M
Dividends Paid0-240K-240K-1.35M0-1.4M0-1.79M0-1.41M
Share Repurchases-1.73M-1.2M0-3.3M0-2.54M-80K000
Stock Issued00224K16.49M0003.73M2.41M0
Debt Issuance (Net)-200K-268K00-339K-896K-1000K-200K-1000K-1000K
Other Financing200K268K0-65K-1.53M-1.63M5.44M200K-135K-21K
Net Change in Cash+-5.68M-4.91M-19.47M7.33M-1.75M-16.38M4.09M-12.53M2.93M1.8M
Exchange Rate Effect-1000K-6K478K-286K266K0-48K-20K21K-11K
Cash at Beginning53.64M47.96M43.05M23.57M7.05M28.51M4.79M15.54M3.06M6M
Cash at End47.96M43.05M23.57M30.9M5.3M12.13M8.88M3.01M6M7.79M
Free Cash Flow+5.37M3.29M7.5M24.74M429K-11.3M512K-11.1M1.42M-4.09M
FCF Growth %-0.58%-0.39%1.28%2.3%-0.98%-27.33%1.05%-22.69%1.13%-3.89%
FCF Margin %----------
FCF per Share21.3513.631.4100.081.78-49.152.46-34.573.54-3.88

Key Ratios

Metric2015201620172018201920202021202220232024
Combined Ratio108.61%99.63%96.09%230.96%43.21%-32.72%276.83%91.28%195.28%243.39%
Medical Cost Ratio61.85%77.08%70.72%3536.92%0%0%138.53%85.38%125.64%146.95%
Return on Equity (ROE)-3.43%0.02%0.63%1.47%0.7%-85.1%-21.46%2.2%-33.63%-2.08%
Return on Assets (ROA)-2.14%0.01%0.29%0.61%0.3%-39.7%-12.97%1.47%-21.03%-1.35%
Equity / Assets57.88%51.03%40.9%42.42%44.61%48.77%68.96%65.08%59.55%67.78%
Book Value / Share188.91191.62195.99253.82106.79117.76250.72145.3892.5270.26
Debt / Equity0.05x0.06x0.06x0.00x0.44x0.36x0.14x0.19x0.26x0.05x
Revenue Growth43.05%18.89%18.27%-96.83%354.97%-416.98%123.8%200.87%37%1.49%

Revenue by Segment

2021202220232024
Product---18.56M
Product Growth----
Service---13.46M
Service Growth----
Installation Services---4.46M
Installation Services Growth----
Other Product Sales---1.36M
Other Product Sales Growth----
Service, Other---1.24M
Service, Other Growth----
Insurance4.86M16.16M26.27M-
Insurance Growth-232.20%62.59%-
Asset Management-3.81M511K-
Asset Management Growth---86.59%-
Others-20.09M60K-
Others Growth---99.70%-

Frequently Asked Questions

Growth & Financials

FG Nexus Inc. (FGNX) grew revenue by 1.5% over the past year. Growth has been modest.

FG Nexus Inc. (FGNX) reported a net loss of $16.3M for fiscal year 2024.

Dividend & Returns

Yes, FG Nexus Inc. (FGNX) pays a dividend with a yield of 43.67%. This makes it attractive for income-focused investors.

FG Nexus Inc. (FGNX) has a return on equity (ROE) of -2.1%. Negative ROE indicates the company is unprofitable.

Industry Metrics

FG Nexus Inc. (FGNX) has a combined ratio of 243.4%. A ratio above 100% means claims and expenses exceed premiums.

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