Future Generation Global Limited (FGG) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 5.02%
• Average Volume (3M): 239.69K
• Price to Earnings (P/E): 7.8
• Beta (1Y): 0.65
• Revenue Growth: 57.36%
• EPS Growth: 54.14%
• Country: AU
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management - Global
• EPS (TTM): 0.07
• Shares Outstanding: 400,980,070
• 10 Day Avg. Volume: 248,796
• 30 Day Avg. Volume: 239,695
• PEG Ratio: 0.07
• Price to Book (P/B): 0.92
• Price to Sales (P/S): 3.83
• P/FCF Ratio: 25.19
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: AU$1.50 ▼(-1.32% Downside)

The score is driven primarily by solid underlying financial strength (debt-free balance sheet and improved 2024 profitability), reinforced by appealing valuation (low P/E and ~5% yield). These positives are partially offset by weak near-term technical momentum and historically inconsistent cash flow.

Positive Factors

Debt-Free Balance Sheet

A debt-free balance sheet enhances financial stability and flexibility, allowing the company to invest in growth opportunities without the burden of interest obligations.

Strong Revenue Growth

Strong revenue growth indicates robust market demand and effective business strategies, supporting long-term profitability and shareholder value.

Commitment to Social Impact

Commitment to social impact can enhance brand reputation and stakeholder trust, potentially leading to increased customer loyalty and long-term business sustainability.

Negative Factors

Volatile Cash Flow

Inconsistent cash flow can hinder the company's ability to reinvest in growth and maintain steady dividend payouts, affecting long-term financial health.

Earnings Volatility

Earnings volatility reduces predictability and reliability of financial performance, which can impact investor confidence and long-term valuation.

CEO Transition

Leadership changes can introduce uncertainty and disrupt strategic initiatives, potentially affecting company performance and stakeholder confidence in the near term.

Future Generation Global Limited Business Overview & Revenue Model

Company Description

Future Generation Global Investment Company Limited is a closed-ended equity fund of funds launched by Wilson Asset Management (International) Pty Limited. The fund is co-managed by Antipodes Partners, Avenir Capital Pty Ltd, Cooper Investors Pty Limited, Eastspring Investments (Singapore) Limited, Ellerston Capital Pty Limited, Hunter Hall Investment Management Limited, Insync Funds Management Pty Limited, IronBridge Capital Management, L.P., Magellan Asset Management Limited, Manikay Partners, Morphic Asset Management Pty Limited, Neuberger Berman Australia Pty Limited, Nikko Asset Management Australia Limited, Optimal Fund Management Pty Limited, Paradice Investment Management Pty Ltd., Tribeca Investment Partners Pty Ltd., and VGI Partners Pty Limited. It invests in funds which invest in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in other mutual funds which in turn invest in stocks of companies across all market capitalizations. The fund employs both quantitative and fundamental analysis with a combination of bottom-up and top-down stock selection approaches to create its portfolio. Future Generation Global Investment Company Limited was formed on July 10, 2015 and is domiciled in Australia.

How the Company Makes Money

FGG makes money primarily through its investment activities. The company generates revenue by investing in a diversified portfolio of global equities, managed by a selection of prominent fund managers. The performance of these investments determines the company's financial returns. Additionally, FGG benefits from partnerships with fund managers who provide their services at reduced fees, allowing more capital to be directed towards the company's charitable initiatives. The combination of investment returns and cost-effective management strategies underpins FGG's revenue model, enabling it to fulfill its dual objectives of financial performance and social impact.

Future Generation Global Limited Financial Statement Overview

Summary

Future Generation Global Limited has shown strong financial recovery, with high revenue growth and profitability. The balance sheet is robust with no debt and high equity, and cash flow improvements indicate better liquidity management, though past volatility remains a concern.

Income Statement

Future Generation Global Limited has demonstrated a strong recovery in revenue and profitability. The gross profit margin and net profit margin are very high, indicating efficient management of expenses relative to revenue. The company has shown significant revenue growth from prior years, particularly from the negative revenue in 2022 to a positive and higher revenue in 2024. However, the absence of EBITDA in recent years limits the complete analysis of operational efficiency.

Balance Sheet

The company maintains a strong balance sheet with zero total debt, leading to an excellent debt-to-equity ratio. High stockholders' equity and a strong equity ratio indicate financial stability. The return on equity has improved substantially due to rising net income, showcasing the company's ability to generate returns for its shareholders.

Cash Flow

Cash flow from operations has turned positive, indicating improved liquidity management. The free cash flow has also improved substantially, although it was negative in previous years. The operating cash flow to net income ratio is positive, supporting the conversion of income into cash, but past fluctuations in cash flow generation pose a risk.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	124.26M	147.45M	85.15M	-121.29M	75.13M	33.85M
Gross Profit	124.26M	147.45M	85.11M	-121.29M	75.13M	33.85M
EBITDA	0.00	140.41M	27.00K	-127.53M	67.83M	76.15M
Net Income	80.15M	97.65M	55.70M	-89.13M	47.66M	19.78M
Balance Sheet
Total Assets	694.38M	674.47M	572.30M	522.46M	690.20M	643.60M
Cash, Cash Equivalents and Short-Term Investments	671.70M	668.24M	568.65M	518.56M	33.80M	56.30M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	62.75M	57.27M	25.96M	5.98M	60.98M	51.27M
Stockholders Equity	631.62M	617.20M	546.35M	516.48M	629.22M	592.33M
Cash Flow
Free Cash Flow	55.95M	22.44M	-5.93M	-89.13M	-11.77M	-13.32M
Operating Cash Flow	55.95M	22.44M	-5.93M	-89.13M	-11.77M	-13.32M
Investing Cash Flow	0.00	0.00	0.00	125.13M	0.00	25.67M
Financing Cash Flow	-26.57M	-26.80M	-25.84M	-23.61M	-10.76M	-7.19M

Future Generation Global Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.52
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FGG, the sentiment is Positive. The current price of 1.52 is below the 20-day moving average (MA) of 1.54, below the 50-day MA of 1.56, and above the 200-day MA of 1.48, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 57.61 is Neutral, neither overbought nor oversold. The STOCH value of 105.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:FGG.

Future Generation Global Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WAG	76 Outperform	AU$44.62M	―	―	―	―	―
FGX	74 Outperform	―	14.29	7.00%	4.41%	-16.03%	-21.90%
BKI	73 Outperform	―	22.62	4.40%	4.63%	0.65%	-4.61%
WAX	72 Outperform	―	9.01	12.92%	8.23%	-14.69%	-13.28%
FGG	70 Outperform	―	7.76	13.25%	5.02%	57.36%	54.14%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Future Generation Global Limited Corporate Events

Future Generation Global Reports Strong 12-Month Performance Despite November Dip

Future Generation Global Limited reported a 0.6% decrease in its investment portfolio for November, compared to a 0.2% decrease in the MSCI AC World Index (AUD). Despite this, the company’s 12-month portfolio performance remains strong at 12.9%, with a since-inception annual increase of 10.0%. The company has achieved this performance with lower volatility compared to the MSCI AC World Index. Additionally, FGG paid a fully franked interim dividend of 4.0 cents per share in November, reflecting its commitment to providing returns to shareholders.

Director’s Shareholding Increase at Future Generation Global

Future Generation Global Limited announced a change in the director’s interest, with Kiera Grant acquiring 13,398 ordinary shares through a dividend reinvestment plan, increasing her total holdings to 528,209 shares. This change reflects the company’s ongoing commitment to aligning the interests of its directors with shareholders, potentially enhancing investor confidence and stability in the company’s governance practices.

Future Generation Global Limited Announces New Securities Quotation

Future Generation Global Limited has announced the issuance of 737,543 fully paid ordinary securities under a dividend or distribution plan, which are set to be quoted on the Australian Securities Exchange. This move reflects the company’s ongoing efforts to enhance shareholder value and maintain its market position, potentially impacting its financial performance and stakeholder engagement positively.

Future Generation Global Updates Dividend Reinvestment Plan

Future Generation Global Limited announced an update regarding its dividend distribution, specifically an amendment to the Dividend Reinvestment Plan (DRP) price. This update pertains to the dividend for the six-month period ending June 30, 2025, with relevant dates including a record date of November 19, 2025, and an ex-date of November 18, 2025. This announcement reflects the company’s ongoing commitment to providing value to its shareholders and may influence investor decisions regarding participation in the DRP.

Future Generation Global Reports October Investment Performance and Dividend Announcement

Future Generation Global Limited reported a 1.8% rise in its investment portfolio for October, trailing the MSCI AC World Index’s 3.5% increase. Despite this, the company’s portfolio has achieved a 20.7% performance over the past 12 months and a 10.1% annual increase since inception, with lower volatility compared to the index. The company announced a fully franked interim dividend of 4.0 cents per share, payable in November, and highlighted its disciplined investment approach amid current market conditions.

Future Generation Global CEO Transition and Continued Commitment to Social Impact

Future Generation Global Limited announced that CEO Caroline Gurney will step down in early 2026 but will remain involved as a member of the Future Generation Women Advisory Committee. Under her leadership since 2021, the company has seen significant growth, including the launch of Future Generation Women, a fund managed entirely by women to promote gender equality. The company has donated $100 million to Australian non-profits, reflecting its commitment to social impact. An executive search for a new CEO is underway, with interim leadership by Chief Investment Officer Lee Hopperton and the Wilson Asset Management team.

Future Generation Global Reports Portfolio Growth and Supports Youth Mental Health

Future Generation Global Limited reported a 1.6% increase in its investment portfolio for September, underperforming the MSCI AC World Index’s 2.5% rise. The company’s 12-month performance reached 21.6%, and it announced a fully franked interim dividend of 4.0 cents per share, highlighting its commitment to providing shareholder value. Additionally, the company is actively supporting youth mental health initiatives in Australia, aligning its investment strategy with social impact goals.