Homepage

FGI Industries Ltd.

FGI NASDAQ Categories PDF
Consumer Cyclical · Furnishings, Fixtures & Appliances · United States · Updated May 11, 1:51pm
$6.16
Price
$11.9M
Market Cap
420
Employees
2.23
Beta
David Bruce
CEO
Business Description

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, and Europe. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names. It sells its products through mass retail centers, wholesale and commercial distributors, online retailers, independent dealers, and distributors. The company was incorporated in 2021 and is headquartered in East Hanover, New Jersey. FGI Industries Ltd. is a subsidiary of Foremost Groups Ltd.

Business History
Price Overview
Last updated: May 11, 2026 1:51pm (just now)
$6.16
-0.24 (-3.75%)
Day Range
$6.05 – $6.43
52-Week Range
$2.48 – $12.62
50-Day MA
$5.23
200-Day MA
$5.50
Volume
57,344.63
Share Structure
Outstanding 1,927,326.00
Float 525,213.00
Free Float 27.3%
Low free float — 27.3% of shares trade freely, ~72.7% held by insiders/institutions
Below average liquidity. Large orders can move the price significantly. Insiders or strategic holders control the majority — watch for lockup expirations or secondary offerings.
Small absolute float (0.5M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-1.93
Stock Price: $6.16
EPS (Diluted): -3.20
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
0.63
Stock Price: $6.16
Total Equity: $17.28M
Shares: 1,918,061
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-46.78
Market Cap: $11.87M
Total Debt: $13.57M
Cash: $1.90M
EBITDA: $504,106
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$32.6M
Market Cap: $11.87M
Total Debt: $13.57M
Cash: $1.90M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
27.0%
Gross Profit: $35.25M
Revenue: $130.53M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-1.8%
Operating Income: -$2.40M
Revenue: $130.53M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-4.7%
Net Income: -$6.14M
Revenue: $130.53M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-30.7%
Net Income: -$6.14M
Total Equity: $17.28M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-6.1%
Operating Income: -$2.40M
Tax Rate: -64.2%
Equity: $17.28M
Total Debt: $13.57M
Cash: $1.90M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
1.17
Current Assets: $51.54M
Current Liabilities: $43.91M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.79
Short-Term Debt: $13.57M
Long-Term Debt: $0.00
Total Debt: $13.57M
Total Equity: $17.28M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$68.05
Revenue: $130.53M
Shares: 1,918,061
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$9.01
Total Equity: $17.28M
Shares: 1,918,061
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-0.11
Operating CF: $673,220
CapEx: -$885,740
Shares: 1,918,061
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $6.16
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$6.14M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares FGI against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $181.9M $161.7M $117.2M $131.8M $130.5M
Cost of Revenue $149.7M $130.2M $85.2M $96.4M $95.3M
Gross Profit $32.2M $31.5M $32.1M $35.4M $35.3M
Operating Expenses $24.5M $26.4M $29.8M $37.5M $37.7M
Operating Income $7.7M $5.1M $2.3M -$2.1M -$2.4M
Net Income $7.9M $3.7M $733,604 -$1.2M -$6.1M
EBITDA $9.6M $5.4M $4.2M $2.1M $504,106
EPS $0.83 $0.39 $0.08 $-0.13 $-3.20
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $3.9M $10.1M $7.8M $4.6M $1.9M
Total Current Assets $56.2M $45.9M $46.1M $52.9M $51.5M
Total Assets $69.2M $60.4M $65.7M $75.5M $69.5M
Current Liabilities $54.7M $29.8M $28.0M $42.5M $43.9M
Long-Term Debt $0 $0 $0 $0 $0
Total Liabilities $61.6M $37.6M $41.7M $53.9M $53.9M
Total Equity $7.5M $22.7M $24.2M $22.3M $17.3M
Retained Earnings $0 $3.7M $4.4M $3.2M -$2.9M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow -$3.2M $980,265 $1.4M -$7.4M $673,220
Capital Expenditure $-57,839 -$1.1M $-942,614 -$2.2M $-885,740
Free Cash Flow -$3.3M $-83,958 $447,085 -$9.6M $-212,520
Acquisitions (net) $5,949 $400 $0 $0 $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 $0 $0 $0 $0
Net Change in Cash $-134,662 $6.2M -$2.3M -$3.2M -$2.7M
Analyst Estimates (Annual)
Metric 2024 2025 2026 2027
Revenue $129.3M
$129.3M – $129.3M
 $135.6M
$135.6M – $135.6M
 $137.5M
$137.5M – $137.5M
 $145.8M
$145.8M – $145.8M
EBITDA $3.7M
$3.7M – $3.7M
 $3.8M
$3.8M – $3.8M
 $3.9M
$3.9M – $3.9M
 $4.1M
$4.1M – $4.1M
Net Income $-863,128
$-863,166 – $-863,089
 -$3.0M
-$3.0M – -$3.0M
 $-354,841
$-354,860 – $-354,822
 $767,224
$767,186 – $767,263
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth -11.1% -27.5% +12.4% -1.0%
Gross Profit Growth -2.2% +1.8% +10.4% -0.5%
Operating Income Growth -34.1% -54.7% -191.1% -14.4%
Net Income Growth -53.5% -80.1% -263.7% -411.2%
EBITDA Growth -44.0% -22.5% -48.5% -76.5%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2025-03-28 Chen John Shu-Nan A-Award 37,037.00 $0.00 $0
2025-03-28 Bruce David E. A-Award 37,037.00 $0.00 $0
2024-04-01 Apte Anagha 0.00 $0.00 $0
2024-03-20 Kermelewicz Robert A-Award 5,808.00 $2.08 $12,081
2024-03-20 Earl Jennifer A-Award 5,636.00 $2.08 $11,723
2023-03-23 Lin Perry A-Award 38,759.00 $2.26 $87,595
2023-03-23 Bruce David E. A-Award 72,673.00 $2.26 $164,241
2023-03-23 Chen John Shu-Nan A-Award 48,449.00 $2.26 $109,495
2022-11-02 Heysse Todd M. P-Purchase 1,300.00 $2.93 $3,809
2022-11-01 Heysse Todd M. P-Purchase 2,885.00 $2.85 $8,221
2022-10-31 Heysse Todd M. P-Purchase 2,885.00 $2.73 $7,868
2022-10-28 Heysse Todd M. P-Purchase 2,696.00 $2.75 $7,424
2022-10-27 Heysse Todd M. P-Purchase 2,696.00 $2.55 $6,879
2022-10-26 Heysse Todd M. P-Purchase 1,086.00 $2.54 $2,763
2022-10-25 Heysse Todd M. P-Purchase 2,696.00 $2.34 $6,302
2022-10-24 Heysse Todd M. P-Purchase 200.00 $2.32 $464
2022-10-21 Heysse Todd M. P-Purchase 520.00 $2.30 $1,198
2022-10-20 Heysse Todd M. P-Purchase 3,147.00 $2.24 $7,058
2022-10-18 Heysse Todd M. P-Purchase 1,665.00 $2.23 $3,712
2022-10-17 Heysse Todd M. P-Purchase 1,000.00 $2.15 $2,146
Community AI Feedback
Sign in to Contribute
No community reviews yet for FGI. Be the first — export the analysis to your AI and contribute back.
My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27