Concorde International Group Ltd. Class A (CIGL) AI Stock Analysis

• Market Cap: $55.86M
• Dividend Yield: N/A
• Average Volume (3M): 2.34M
• Price to Earnings (P/E): ―
• Beta (1Y): 5.63
• Revenue Growth: 6.32%
• EPS Growth: 96.27%
• Country: US
• Employees: 134
• Sector: Industrials
• Sector Strength: 72
• Industry: Security & Protection Services
• EPS (TTM): N/A
• Shares Outstanding: 6,674,356
• 10 Day Avg. Volume: 106,681
• 30 Day Avg. Volume: 2,341,389
• PEG Ratio: <0.01
• Price to Book (P/B): 42.00
• Price to Sales (P/S): 8.44
• P/FCF Ratio: -54.78
• Enterprise Value/Market Cap: 1.68
• 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: 41 Neutral
• Price Target: $2.00 ▲(13.64% Upside)

The score is driven primarily by weak financial performance: losses, rising leverage, and negative free cash flow. Technicals are mixed (near-term support but weaker intermediate trend and slightly negative MACD), while valuation is constrained by negative earnings and no dividend yield data.

Positive Factors

Diversified service model

A multi-stream logistics and trade services model reduces dependency on any single revenue source and supports resilience across trade cycles. Recurring fee-based services like customs brokerage and warehousing enhance predictability and long-term client relationships, aiding sustainable revenue capture.

Improving gross margin

A material gross margin expansion indicates better cost controls or higher-margin service mix, which can underpin profitability once operating leverage is recovered. Sustained higher gross margin gives management room to invest in growth or absorb SG&A while pursuing long-term margin recovery.

Strategic partner access

Partnerships with carriers and logistics providers create access to capacity and pricing advantages that are durable competitive levers in freight forwarding. They support service reliability, margin management, and customer retention, reinforcing market position over multiple quarters.

Negative Factors

High leverage

Rapidly higher leverage materially reduces financial flexibility and raises refinancing risk, especially if earnings remain weak. A debt-to-equity above 3 increases interest burden and constrains capital allocation, heightening vulnerability to rate moves or demand shocks over the medium term.

Negative free cash flow

Negative free cash flow signals the company is not generating sufficient cash from operations to fund investment or debt service. Over several quarters this erodes liquidity, may force external financing or asset sales, and undermines the ability to fund strategic initiatives sustainably.

Profitability deterioration

Margins sliding into negative territory indicate structural profitability issues beyond one-off items. Persistently negative EBIT/EBITDA undermines reinvestment capacity and raises the risk of further balance sheet weakening, requiring either a sustained margin recovery or external capital to restore stability.

Concorde International Group Ltd. Class A Business Overview & Revenue Model

Company Description

Concorde International Group Ltd. provides security and safety solutions to commercial, financial, industrial, and government in Singapore. The company offers i-Guarding services, a suite of intelligent security solutions that provides surveillance; I-Man Facility Sprinter, a mobile vehicular platform that provides security and facility maintenance services; and Intelligent Facility Authenticator that leverages advanced kiosk technology to enhance security and streamline visitor management. It also provides man-guarding services and consultancy and training services. Additionally, the company sells and installs closed-circuit cameras, turnstiles, gates, authenticators, and cables. Concorde International Group Ltd. was founded in 1997 and is based in Singapore.

How the Company Makes Money

CIGL generates revenue through multiple streams, primarily by charging fees for its logistics and supply chain services, which include freight forwarding, warehousing, and distribution. The company also earns income from customs brokerage services, helping clients navigate the complexities of international shipping regulations. Significant partnerships with shipping lines and logistics providers enable CIGL to offer competitive pricing and comprehensive service packages. Additionally, the company may engage in consulting services, providing expertise in trade compliance and market entry strategies, which further contributes to its earnings.

Concorde International Group Ltd. Class A Financial Statement Overview

Summary

Financials are weak overall: profitability deteriorated sharply with EBIT/EBITDA and net margins turning negative, leverage increased materially (debt-to-equity 3.08), and free cash flow flipped negative, raising liquidity risk despite a better gross margin.

Income Statement

Concorde International Group Ltd. Class A shows significant volatility in its income statement metrics. The gross profit margin improved from 27.9% in 2023 to 34.5% in 2024, indicating better cost management. However, the company experienced a severe decline in EBIT and EBITDA margins, both turning negative in 2024, which is concerning for profitability. The net profit margin also turned negative, highlighting substantial losses. Revenue decreased slightly by 1.6% from 2023 to 2024, indicating challenges in maintaining sales growth.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 3.08 in 2024, up from 1.77 in 2023, indicating increased leverage and potential financial risk. The equity ratio decreased to 20.5% in 2024 from 30.0% in 2023, showing reduced financial stability. Return on equity turned negative due to net losses, which is a significant concern. Overall, the balance sheet reflects increased financial risk and reduced equity stability.

Cash Flow

Cash flow analysis shows a negative free cash flow in 2024, deteriorating from a positive position in 2023. The free cash flow growth rate is negative, indicating cash flow challenges. The operating cash flow to net income ratio is negative, reflecting inefficiencies in converting income to cash. The free cash flow to net income ratio is also negative, highlighting cash flow management issues. Overall, the cash flow position is weak and presents liquidity concerns.

Breakdown	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	10.49M	10.66M	5.01M
Gross Profit	3.62M	2.99M	1.36M
EBITDA	-83.01M	1.60M	-339.50K
Net Income	-83.64M	960.69K	-783.04K
Balance Sheet
Total Assets	10.27M	8.55M	7.10M
Cash, Cash Equivalents and Short-Term Investments	1.00M	956.98K	441.28K
Total Debt	6.51M	4.53M	4.63M
Total Liabilities	8.01M	5.85M	5.49M
Stockholders Equity	2.11M	2.57M	1.51M
Cash Flow
Free Cash Flow	-1.62M	378.92K	-931.03K
Operating Cash Flow	-564.19K	790.94K	-931.03K
Investing Cash Flow	-952.99K	-309.63K	-912.09K
Financing Cash Flow	1.59M	947.00	602.92K

Concorde International Group Ltd. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
XPON	42 Neutral	$7.64M	-0.98	-35.47%	―	109.37%	99.34%
CIGL	41 Neutral	$55.86M	-14.87	―	―	6.32%	96.27%
DFLI	38 Underperform	$38.65M	-0.10	―	―	18.24%	24.49%

Concorde International Group Ltd. Class A Corporate Events

Concorde International Group Ltd. Issues Equity Incentives in November 2025

Concorde International Group Ltd., a company based in Singapore, operates in an industry where it issues equity incentives as part of its compensation strategy. On November 10, 2025, the company granted 4,400,000 restricted Class A ordinary shares to an employee and certain consultants under its 2025 Equity Incentive Plan, reflecting its commitment to rewarding services rendered. This issuance increased the total outstanding Class A shares to 6,674,356, while Class B shares remained at 20,311,112, potentially impacting the company’s equity structure and stakeholder interests.

The most recent analyst rating on (CIGL) stock is a Sell with a $1.50 price target. To see the full list of analyst forecasts on Concorde International Group Ltd. Class A stock, see the CIGL Stock Forecast page.