Founder Group Limited Ordinary Shares(FGL)Earnings, Financials & Key Ratios
FGL•NASDAQ
$2.00
$34M mkt cap·Price updated May 6, 2026
SectorIndustrialsIndustryEngineering & ConstructionSub-IndustryEnergy, pipeline and power contractors
AboutFounder Group Limited provides engineering, procurement, construction, and commissioning solutions for solar projects and commercial and industrial solar projects in Malaysia. The company also engages in the installation, testing, and commissioning of photovoltaic modules, inverters, DC cables, and related works; and civil works. It also provides operation and maintenance services. The company was founded in 2021 and is based in Klang, Malaysia.Show more
- Revenue$90M-39.0%
- EBITDA-$5M-142.1%
- Net Income-$5M-172.1%
- EPS (Diluted)-0.07-114.5%
- Gross Margin6.91%-42.7%
- EBITDA Margin-5.35%-169.0%
- Operating Margin-6.21%-182.4%
- Net Margin-5.7%-218.1%
- ROE-32.28%-150.6%
- ROIC-11.5%-126.2%
- Debt/Equity2.09+24.0%
- Interest Coverage-2.71-136.5%
FGL Key Insights
Founder Group Limited Ordinary Shares (FGL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 33.7%
✗Weaknesses
- ✗High debt to equity ratio of 2.1x
- ✗Weak Piotroski F-Score: 1/9
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 1 (bottom 1%)
- ✗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.
FGL Price & Volume
Founder Group Limited Ordinary Shares (FGL) stock price & volume — 10-year historical chart
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FGL Growth Metrics
Founder Group Limited Ordinary Shares (FGL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years53.11%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years53.56%
5 Years53.56%
3 Years51.22%
Last Year-31.71%
FGL Peer Comparison
Founder Group Limited Ordinary Shares (FGL) competitors in Energy, pipeline and power contractors — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 FG | 4B | 29.46 | 15.67 | 5.72% | 4.8% | 5.61% | 0.45 | |
 GL | 12.11B | 154.39 | 10.98 | 3.82% | 19.36% | 20.64% | 0.44 | |
 PFG | 22B | 101.55 | 19.34 | -3.11% | 7.58% | 9.89% | 0.34 | |
 LNC | 6.41B | 37.62 | 2.04 | 53.61% | 11.43% | 20.18% | 0.77 | |
 RLI | 4.51B | 49.01 | 11.24 | 6.33% | 20.8% | 22% | 0.06 | |
 MET | 52.27B | 80.16 | 16.70 | 10.22% | 4.44% | 11.88% | 0.70 | |
 PRU | 34.86B | 100.16 | 9.80 | -14.01% | 5.62% | 10.26% | 0.65 | |
 AFL | 58.42B | 113.40 | 16.60 | -8.84% | 21% | 13.05% | 0.29 |
Compare FGL vs Peers
Founder Group Limited Ordinary Shares (FGL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FGL Income Statement
Founder Group Limited Ordinary Shares (FGL) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Sales/Revenue | 25.17M | 63.51M | 148.05M | 90.34M | 139.08M |
| Revenue Growth % | - | 152.3% | 133.12% | -38.98% | - |
| Cost of Goods Sold | 22.01M | 54.83M | 130.2M | 84.1M | 122.57M |
| COGS % of Revenue | 87.44% | 86.33% | 87.94% | 93.09% | - |
| Gross Profit | 3.16M▲ 0% | 8.68M▲ 174.7% | 17.85M▲ 105.6% | 6.24M▼ 65.0% | 16.51M▲ 0% |
| Gross Margin % | 12.56% | 13.67% | 12.06% | 6.91% | - |
| Gross Profit Growth % | - | 174.74% | 105.58% | -65.03% | - |
| Operating Expenses | 788.7K | 3.42M | 6.7M | 11.85M | 6.53M |
| OpEx % of Revenue | 3.13% | 5.38% | 4.52% | 13.12% | - |
| Selling, General & Admin | 788.7K | 3.42M | 5.51M | 7.15M | 5.35M |
| SG&A % of Revenue | 3.13% | 5.38% | 3.72% | 7.91% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 1.18M | 4.7M | 1000K |
| Operating Income | 2.37M▲ 0% | 5.27M▲ 122.0% | 11.15M▲ 111.8% | -5.61M▼ 150.3% | 9.98M▲ 0% |
| Operating Margin % | 9.42% | 8.29% | 7.53% | -6.21% | - |
| Operating Income Growth % | - | 122.01% | 111.8% | -150.27% | - |
| EBITDA | 2.73M | 5.68M | 11.48M | -4.84M | 10.32M |
| EBITDA Margin % | 10.86% | 8.95% | 7.75% | -5.35% | - |
| EBITDA Growth % | - | 107.88% | 102% | -142.13% | - |
| D&A (Non-Cash Add-back) | 361.16K | 415.64K | 323.18K | 771.98K | 335.7K |
| EBIT | 2.65M | 5.52M | 11.03M | -3.58M | 9.87M |
| Net Interest Income | -5.43K | -328K | -1.19M | -1.99M | -1.24M |
| Interest Income | 435 | 1.34K | 47.26K | 102.61K | 47.26K |
| Interest Expense | 5.86K | 329.34K | 1.5M | 2.07M | 1.55M |
| Other Income/Expense | 271.14K | -75.18K | -1.36M | -42.72K | -1.39M |
| Pretax Income | 2.64M▲ 0% | 5.19M▲ 96.4% | 9.79M▲ 88.6% | -5.65M▼ 157.7% | 8.59M▲ 0% |
| Pretax Margin % | 10.5% | 8.17% | 6.61% | -6.25% | 6.17% |
| Income Tax | 724.88K | 1.25M | 2.65M | -500.44K | 2.39M |
| Effective Tax Rate % | 27.42% | 24.04% | 27.02% | 8.86% | 27.88% |
| Net Income | 1.92M▲ 0% | 3.94M▲ 105.6% | 7.15M▲ 81.2% | -5.15M▼ 172.1% | 6.19M▲ 0% |
| Net Margin % | 7.62% | 6.21% | 4.83% | -5.7% | - |
| Net Income Growth % | - | 105.56% | 81.24% | -172.06% | - |
| Net Income (Continuing) | 1.92M | 3.94M | 7.15M | -5.15M | 6.19M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.02▲ 0% | 0.05▲ 165.0% | 0.46▲ 767.9% | -0.07▼ 114.5% | -▲ 0% |
| EPS Growth % | - | 165% | 767.92% | -114.46% | - |
| EPS (Basic) | 0.02 | 0.05 | 0.46 | -0.07 | - |
| Diluted Shares Outstanding | 16.92M | 16.92M | 16.92M | 16.92M | 16.92M |
| Basic Shares Outstanding | 16.92M | 16.92M | 16.92M | 16.92M | 16.92M |
| Dividend Payout Ratio | - | - | - | - | - |
FGL Balance Sheet
Founder Group Limited Ordinary Shares (FGL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Total Current Assets | 9.16M | 33.8M | 79.26M | 84.42M | 66.85M |
| Cash & Short-Term Investments | 1.29M | 8.23M | 5.6M | 13.9M | 10.03M |
| Cash Only | 1.29M | 8.23M | 5.6M | 13.9M | 10.03M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 7.18M | 22.37M | 68.25M | 54.76M | 51.19M |
| Days Sales Outstanding | 104.12 | 128.57 | 168.26 | 221.24 | 156.73 |
| Inventory | 624.79K | 1.59M | 1.86M | 3.05M | 1.8M |
| Days Inventory Outstanding | 10.36 | 10.57 | 5.23 | 13.23 | 5.45 |
| Other Current Assets | 0 | 0 | 0 | 0 | 3.56K |
| Total Non-Current Assets | 806.37K | 552.6K | 4.62M | 29.87M | 8.52M |
| Property, Plant & Equipment | 806.37K | 552.6K | 1.88M | 27.32M | 5.26M |
| Fixed Asset Turnover | 31.22x | 114.93x | 78.95x | 3.31x | 39.01x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 2.67M | 2.48M | 5.85M |
| Total Assets | 9.97M▲ 0% | 34.36M▲ 244.7% | 83.87M▲ 144.1% | 114.29M▲ 36.3% | 75.37M▲ 0% |
| Asset Turnover | 2.53x | 1.85x | 1.77x | 0.79x | 1.75x |
| Asset Growth % | - | 244.68% | 144.13% | 36.27% | 0% |
| Total Current Liabilities | 6.05M | 26.59M | 68.2M | 94.6M | 60.27M |
| Accounts Payable | 5.19M | 18.59M | 38.42M | 27.4M | 22.95M |
| Days Payables Outstanding | 86.03 | 123.77 | 107.7 | 118.9 | 91.37 |
| Short-Term Debt | 0 | 4.38M | 23.9M | 32.94M | 26.31M |
| Deferred Revenue (Current) | 206.46K | 842.74K | 134.19K | 818.93K | 2.72M |
| Other Current Liabilities | 5.41K | 131.85K | 349.04K | 683.06K | 326.8K |
| Current Ratio | 1.51x | 1.27x | 1.16x | 0.89x | 0.89x |
| Quick Ratio | 1.41x | 1.21x | 1.13x | 0.86x | 0.86x |
| Cash Conversion Cycle | 28.46 | 15.36 | 65.78 | 115.58 | 70.81 |
| Total Non-Current Liabilities | 221.96K | 125.52K | 885.07K | 2.57M | 2.02M |
| Long-Term Debt | 0 | 0 | 811.24K | 1.93M | 2.02M |
| Capital Lease Obligations | 146.64K | 50.2K | 73.83K | 642.68K | 73.83K |
| Deferred Tax Liabilities | 75.31K | 75.31K | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 6.27M | 26.72M | 69.08M | 97.17M | 62.29M |
| Total Debt | 238.01K | 4.53M | 24.92M | 35.79M | 28.33M |
| Net Debt | -1.05M | -3.7M | 19.32M | 21.89M | 18.29M |
| Debt / Equity | 0.06x | 0.59x | 1.69x | 2.09x | 2.09x |
| Debt / EBITDA | 0.09x | 0.80x | 2.17x | - | 2.75x |
| Net Debt / EBITDA | -0.38x | -0.65x | 1.68x | - | 1.77x |
| Interest Coverage | 404.67x | 15.99x | 7.43x | -2.71x | 6.38x |
| Total Equity | 3.69M▲ 0% | 7.64M▲ 106.9% | 14.79M▲ 93.6% | 17.12M▲ 15.8% | 13.08M▲ 0% |
| Equity Growth % | - | 106.85% | 93.62% | 15.77% | 0% |
| Book Value per Share | 0.22 | 0.45 | 0.87 | 1.01 | 0.77 |
| Total Shareholders' Equity | 3.69M | 7.64M | 14.79M | 17.12M | 13.08M |
| Common Stock | 69.28K | 69.28K | 69.28K | 7.43M | 69.28K |
| Retained Earnings | 1.92M | 5.86M | 13.01M | 7.86M | 11.3M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.7M | 1.71M | 1.71M | 1.84M | 1.71M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
FGL Cash Flow Statement
Founder Group Limited Ordinary Shares (FGL) cash flow — operating, investing & free cash flow history
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Cash from Operations | 5.54M | -2.53M | -17.45M | -6.13M | -6.13M |
| Operating CF Margin % | 22.02% | -3.98% | -11.79% | -6.78% | - |
| Operating CF Growth % | - | -145.6% | -590.45% | 64.88% | 0% |
| Net Income | 1.92M | 3.94M | 7.15M | -5.65M | 6.19M |
| Depreciation & Amortization | 361.16K | 415.64K | 323.18K | 771.98K | 335.7K |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 75.31K | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.95M | 233.15K | 837.98K | 2.87M | 471.88K |
| Working Capital Changes | 1.24M | -7.12M | -25.76M | -4.12M | -21.81M |
| Change in Receivables | -3.65M | -20.43M | -46.98M | 1.56M | -36.88M |
| Change in Inventory | -624.79K | -963.15K | -276K | -1.19M | -310.35K |
| Change in Payables | 5.19M | 13.43M | 19.86M | -11.02M | 12.63M |
| Cash from Investing | -887.59K | -937.66K | -4.29M | -5.38M | -4.84M |
| Capital Expenditures | -887.59K | -161.87K | -1.46M | -1.26M | -2.01M |
| CapEx % of Revenue | 3.53% | 0.25% | 0.98% | 1.4% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - |
| Other Investing | 0 | -775.79K | -2.83M | -4.12M | -2.83M |
| Cash from Financing | -3.24M | 9.52M | 16.25M | 13.92M | 16.07M |
| Debt Issued (Net) | -51K | 4.28M | 19M | 8.41M | 18.48M |
| Equity Issued (Net) | 69.28K | 0 | 0 | 1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -3.26M | 5.24M | -2.75M | -1.85M | -2.41M |
| Net Change in Cash | 1.29M▲ 0% | 6.94M▲ 438.2% | -2.63M▼ 137.9% | 2.62M▲ 199.5% | 5.6M▲ 0% |
| Free Cash Flow | 4.65M▲ 0% | -2.69M▼ 157.8% | -18.91M▼ 603.0% | -7.39M▲ 60.9% | -16.82M▲ 0% |
| FCF Margin % | 18.49% | -4.23% | -12.77% | -8.18% | - |
| FCF Growth % | - | -157.78% | -603.01% | 60.91% | - |
| FCF per Share | 0.28 | -0.16 | -1.12 | -0.44 | -0.44 |
| FCF Conversion (FCF/Net Income) | 2.89x | -0.64x | -2.44x | 1.19x | -2.72x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 |
FGL Key Ratios
Founder Group Limited Ordinary Shares (FGL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|
| Return on Equity (ROE) | 69.6% | 63.73% | -32.28% | 44.44% |
| Return on Invested Capital (ROIC) | 120.13% | 43.97% | -11.5% | -11.5% |
| Gross Margin | 13.67% | 12.06% | 6.91% | 11.87% |
| Net Margin | 6.21% | 4.83% | -5.7% | 4.45% |
| Debt / Equity | 0.59x | 1.69x | 2.09x | 2.09x |
| Interest Coverage | 15.99x | 7.43x | -2.71x | 6.38x |
| FCF Conversion | -0.64x | -2.44x | 1.19x | -2.72x |
| Revenue Growth | 152.3% | 133.12% | -38.98% | - |
FGL Frequently Asked Questions
Founder Group Limited Ordinary Shares (FGL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Founder Group Limited Ordinary Shares (FGL) reported $90.3M in revenue for fiscal year 2024. This represents a 259% increase from $25.2M in 2021.
Founder Group Limited Ordinary Shares (FGL) saw revenue decline by 39.0% over the past year.
Founder Group Limited Ordinary Shares (FGL) reported a net loss of $5.2M for fiscal year 2024.
Dividend & Returns
Founder Group Limited Ordinary Shares (FGL) has a return on equity (ROE) of -32.3%. Negative ROE indicates the company is unprofitable.
Founder Group Limited Ordinary Shares (FGL) had negative free cash flow of $7.4M in fiscal year 2024, likely due to heavy capital investments.
Explore More FGL
Founder Group Limited Ordinary Shares (FGL) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates