FG Holdings Limited Class A Ordinary Shares (FGO) 10-Year Financial Performance & Capital Metrics

FGO • • Industrial / General

IndustrialsConsulting ServicesSpecialized Niche ConsultingFinancial Services Niche

AboutFG Holdings Limited, through its subsidiaries, provides financial services in Hong Kong. The company offers private credit and bank mortgage loan brokerage services, as well as consultancy services to assist its corporate customers to identify restructuring initiatives and explore financing options under the Fundergo name. The company offers a fintech marketplace that connects borrowers and lenders through a mortgage brokerage platform. It serves private credit lenders, banks, and corporate clients. The company was incorporated in 2019 and is based in Central, Hong Kong.Show more

Revenue $21M +40.0%
EBITDA $8M +15.6%
Net Income $7M +17.1%
EPS (Diluted) 0.22 +15.8%
Gross Margin 78.53% +4.1%
EBITDA Margin 37.74% -17.4%
Operating Margin 37.56% -17.4%
Net Margin 33.23% -16.4%
ROE 65.51% -54.0%
ROIC 95.72% -29.4%
Debt/Equity 0.54 -53.0%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 44.0%
✓FCF machine: 24.8% free cash flow margin
✓Healthy 5Y average net margin of 20.6%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg36.93%

5Y Avg36.93%

3Y Avg36.93%

Latest73.76%

Peer Comparison

Financial Services Niche

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
EGGENIGMATIG LTD	67.77M	5.53	193.36	-13.87%	39.96%	75.39%	0.08
FGOFG Holdings Limited Class A Ordinary Shares		0.00	0	40.03%	33.23%	65.51%	0.54
INTJIntelligent Group Limited	14.04M	0.48	-15	6.73%	-10.61%	-3.81%	0.04

Profit & Loss

	Jun 2022	Jun 2023	Jun 2024
Sales/Revenue+	8.22M	15.18M	21.26M
Revenue Growth %	-	0.85%	0.4%
Cost of Goods Sold+	4.49M	3.73M	4.56M
COGS % of Revenue	0.55%	0.25%	0.21%
Gross Profit+	3.73M	11.45M	16.69M
Gross Margin %	0.45%	0.75%	0.79%
Gross Profit Growth %	-	2.07%	0.46%
Operating Expenses+	5.34M	4.55M	8.71M
OpEx % of Revenue	0.65%	0.3%	0.41%
Selling, General & Admin	4.82M	4.21M	8.29M
SG&A % of Revenue	0.59%	0.28%	0.39%
Research & Development	477.23K	483.12K	636.22K
R&D % of Revenue	0.06%	0.03%	0.03%
Other Operating Expenses	41.91K	-146.59K	-212.97K
Operating Income+	-1.6M	6.91M	7.98M
Operating Margin %	-0.2%	0.45%	0.38%
Operating Income Growth %	-	5.31%	0.16%
EBITDA+	-1.58M	6.94M	8.02M
EBITDA Margin %	-0.19%	0.46%	0.38%
EBITDA Growth %	-	5.4%	0.16%
D&A (Non-Cash Add-back)	28.32K	32.12K	38.2K
EBIT	-1.2M	6.99M	7.7M
Net Interest Income+	127	25.67K	201.39K
Interest Income	127	25.67K	201.39K
Interest Expense	0	0	0
Other Income/Expense	481.88K	223.36K	645.79K
Pretax Income+	-1.12M	7.13M	8.63M
Pretax Margin %	-0.14%	0.47%	0.41%
Income Tax+	-197.41K	1.09M	1.57M
Effective Tax Rate %	0.82%	0.85%	0.82%
Net Income+	-924.48K	6.03M	7.06M
Net Margin %	-0.11%	0.4%	0.33%
Net Income Growth %	-	7.53%	0.17%
Net Income (Continuing)	-924.48K	6.03M	7.06M
Discontinued Operations	0	0	0
Minority Interest	0	0	0
EPS (Diluted)+	-0.03	0.19	0.22
EPS Growth %	-	7.57%	0.16%
EPS (Basic)	-0.03	0.19	0.22
Diluted Shares Outstanding	32M	32M	32M
Basic Shares Outstanding	32M	32M	32M
Dividend Payout Ratio	-	-	-

Balance Sheet

	Jun 2022	Jun 2023	Jun 2024
Total Current Assets+	1.14M	15.85M	20.06M
Cash & Short-Term Investments	697.23K	8.84M	16.21M
Cash Only	697.23K	8.84M	16.21M
Short-Term Investments	0	0	0
Accounts Receivable	189.64K	6.75M	3.66M
Days Sales Outstanding	8.42	162.32	62.81
Inventory	0	0	0
Days Inventory Outstanding	-	-	-
Other Current Assets	0	0	0
Total Non-Current Assets+	1.6M	184.47K	5M
Property, Plant & Equipment	512.12K	128.8K	292.11K
Fixed Asset Turnover	16.06x	117.86x	72.77x
Goodwill	55.67K	55.67K	55.67K
Intangible Assets	0	0	0
Long-Term Investments	0	0	0
Other Non-Current Assets	0	0	4.65M
Total Assets+	2.74M	16.03M	25.06M
Asset Turnover	3.00x	0.95x	0.85x
Asset Growth %	-	4.84%	0.56%
Total Current Liabilities+	1.46M	8.77M	10.68M
Accounts Payable	0	0	0
Days Payables Outstanding	-	-	-
Short-Term Debt	0	8.24M	7.52M
Deferred Revenue (Current)	0	25K	0
Other Current Liabilities	45.88K	74.63K	54.69K
Current Ratio	0.78x	1.81x	1.88x
Quick Ratio	0.78x	1.81x	1.88x
Cash Conversion Cycle	-	-	-
Total Non-Current Liabilities+	71.87K	10.16K	71.83K
Long-Term Debt	0	0	0
Capital Lease Obligations	56.83K	0	53.69K
Deferred Tax Liabilities	15.03K	10.16K	18.14K
Other Non-Current Liabilities	0	0	0
Total Liabilities	1.53M	8.78M	10.75M
Total Debt+	409.49K	8.3M	7.7M
Net Debt	-287.73K	-539.6K	-8.51M
Debt / Equity	0.34x	1.14x	0.54x
Debt / EBITDA	-	1.20x	0.96x
Net Debt / EBITDA	-	-0.08x	-1.06x
Interest Coverage	-	-	-
Total Equity+	1.22M	7.25M	14.31M
Equity Growth %	-	4.96%	0.97%
Book Value per Share	0.04	0.23	0.45
Total Shareholders' Equity	1.22M	7.25M	14.31M
Common Stock	6.01M	6.01M	6.01M
Retained Earnings	-4.79M	1.24M	8.31M
Treasury Stock	0	0	0
Accumulated OCI	0	0	0
Minority Interest	0	0	0

Cash Flow

	Jun 2022	Jun 2023	Jun 2024
Cash from Operations+	-1.32M	7.21M	5.37M
Operating CF Margin %	-0.16%	0.47%	0.25%
Operating CF Growth %	-	6.48%	-0.25%
Net Income	-924.48K	6.03M	7.06M
Depreciation & Amortization	28.32K	32.12K	38.2K
Stock-Based Compensation	0	0	0
Deferred Taxes	0	0	0
Other Non-Cash Items	13.6K	60K	-607.11K
Working Capital Changes	-433.82K	1.08M	-1.12M
Change in Receivables	91.62K	-147.56K	-2.92M
Change in Inventory	0	0	0
Change in Payables	0	0	0
Cash from Investing+	-913.49K	-11.53M	699.55K
Capital Expenditures	-50.06K	0	-101.09K
CapEx % of Revenue	0.01%	-	0%
Acquisitions	-	-	-
Investments	-	-	-
Other Investing	-863.43K	-11.53M	0
Cash from Financing+	1.85M	12.47M	1.3M
Debt Issued (Net)	-	-	-
Equity Issued (Net)	-	-	-
Dividends Paid	0	0	0
Share Repurchases	-	-	-
Other Financing	1.85M	4.22M	2.03M
Net Change in Cash	-	-	-
Free Cash Flow+	-1.37M	7.21M	5.27M
FCF Margin %	-0.17%	0.47%	0.25%
FCF Growth %	-	6.28%	-0.27%
FCF per Share	-0.04	0.23	0.16
FCF Conversion (FCF/Net Income)	1.42x	1.19x	0.76x
Interest Paid	0	238.7K	286.24K
Taxes Paid	0	0	82.5K

Key Ratios

Metric	2021	2022	2023
Return on Equity (ROE)	-76.03%	142.55%	65.51%
Return on Invested Capital (ROIC)	-129.59%	135.6%	95.72%
Gross Margin	45.38%	75.45%	78.53%
Net Margin	-11.24%	39.75%	33.23%
Debt / Equity	0.34x	1.14x	0.54x
FCF Conversion	1.42x	1.19x	0.76x
Revenue Growth	-	84.62%	40.03%

Frequently Asked Questions

Growth & Financials

FG Holdings Limited Class A Ordinary Shares (FGO) reported $21.3M in revenue for fiscal year 2023. This represents a 159% increase from $8.2M in 2021.

FG Holdings Limited Class A Ordinary Shares (FGO) grew revenue by 40.0% over the past year. This is strong growth.

Yes, FG Holdings Limited Class A Ordinary Shares (FGO) is profitable, generating $7.1M in net income for fiscal year 2023 (33.2% net margin).

Dividend & Returns

FG Holdings Limited Class A Ordinary Shares (FGO) has a return on equity (ROE) of 65.5%. This is excellent, indicating efficient use of shareholder capital.

FG Holdings Limited Class A Ordinary Shares (FGO) generated $5.3M in free cash flow for fiscal year 2023. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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