Education
About Us
Working with TipRanks
Follow Us
FGI Industries Ltd (FGI)
NASDAQ:FGI
Top Page
FGI Industries Ltd
(NASDAQ:FGI)
Rating:53Neutral
Price Target:
$0.50
▼(-12.28%Downside)
FGI Industries Ltd (FGI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.47M
Dividend YieldN/A
Average Volume (3M)159.12K
Price to Earnings (P/E)―
Beta (1Y)-0.04
Revenue Growth11.13%
EPS Growth-325.57%
CountryUS
Employees420
SectorConsumer Cyclical
Sector Strength60
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-0.11
Shares Outstanding9,591,555
10 Day Avg. Volume122,540
30 Day Avg. Volume159,123
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)0.90
Price to Sales (P/S)0.00
P/FCF Ratio-243.28
Enterprise Value/Market Cap5.40
Enterprise Value/Revenue0.06
Enterprise Value/Gross Profit0.82
Enterprise Value/Ebitda2.76
Forecast
1Y Price Target
$2.25Price Target Upside294.74% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
FGI Industries Ltd Business Overview & Revenue Model
Company DescriptionFGI Industries Ltd (FGI) is a company that operates in the manufacturing and distribution sectors, focusing on providing high-quality kitchen and bath products. The company's offerings include a wide range of products such as vanities, sinks, toilets, bath furniture, and other related accessories, catering to both residential and commercial markets.
How the Company Makes MoneyFGI Industries Ltd generates revenue primarily through the sale of its kitchen and bath products to retailers, wholesalers, and direct consumers. The company leverages its extensive distribution network to reach diverse markets, ensuring a broad customer base. Key revenue streams include the sale of branded and private label products, along with strategic partnerships with home improvement retailers and e-commerce platforms. These partnerships help expand their market reach and drive sales. Additionally, FGI may engage in contract manufacturing for other brands, contributing to its overall earnings.
FGI Industries Ltd Earnings Call Summary
Earnings Call Date:May 13, 2025
(Q4-2024)
| % Change Since: -8.06%|
Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook, with strong revenue growth and positive performance in new and existing markets countered by declines in gross profit and margin, increased operating expenses, and concerns about the impact of tariffs.Q4-2024 Updates
Positive Updates
Revenue Growth
FGI reported total revenue of $35.6 million in the quarter, representing a year-over-year increase of 15%. This growth was driven by significant increases across all businesses and geographies, including a 40.2% year-over-year increase in Bath Furniture revenue and a 68.3% increase in Covered Bridge revenue.
Geographic Expansion and Market Growth
FGI experienced revenue growth in the US, Canada, and Europe markets with increases of 14.7%, 9.9%, and 23.3% respectively. The company also noted promise in geographic expansion in Europe and India as strategic growth initiatives progress.
New Business Wins and Product Demand
FGI's Shower Systems business reported a 17% increase in revenue due to positive demand trends and new customer programs. New business wins contributed significantly to the growth of Bath Furniture.
Negative Updates
Decline in Gross Profit and Margin
Gross profit was $8.7 million, a decrease of 3.2% compared to the prior year. Gross margin declined to 24.6% from 29.2%, a decline of 460 basis points, due to customer marketing support and costs related to new business and promotional expenses.
Increased Operating Expenses and Negative Income
Operating expenses increased by 28.4% to $10 million, leading to a negative GAAP operating income of $1.3 million, down from a positive $1.2 million in the prior year.
Tariff Concerns
The increasing tariff environment in 2025 poses challenges, though FGI is working with suppliers and customers to navigate these issues.
Company Guidance
During the FGI Industries Ltd. Fourth Quarter 2024 Results Conference Call, guidance for the full year 2025 was provided with several key metrics. The company projected revenue to be between $135 million and $145 million. Adjusted operating income was guided to range from negative $2 million to positive $1.5 million, while adjusted net income was expected to be between negative $1.9 million and positive $1 million. These projections account for the potential impacts of tariffs, which remain a fluid situation, as well as the strategic investments in FGI's BPC growth strategy. Despite a relatively flat industry outlook, FGI anticipates organic growth driven by new business wins and geographic expansion. The company's efforts to diversify sourcing and manage tariff pressures were emphasized as part of its strategic initiatives to achieve these financial targets.FGI Industries Ltd Financial Statement Overview
Summary
FGI Industries faces challenges with declining revenues and profitability, high leverage, and negative cash flows. Stability in gross profit and equity ratio offers some resilience, but improvement in operational efficiency and cash flow management is needed to strengthen financial health.Income Statement
The company's revenue shows volatility, with recent declines from 2021 to TTM. Gross profit margin is stable in TTM (26.7%) but EBIT and net margins are negative, indicating operational inefficiencies. Revenue growth is inconsistent, impacting overall financial health.55
Neutral
Balance Sheet
The debt-to-equity ratio is high in TTM (1.20), suggesting leverage risk. However, equity ratio stands at 30.5%, showing some stability. ROE is negative due to net losses, indicating challenges in generating returns on equity.60
Neutral
Cash Flow
Operating cash flow is negative, indicating cash flow challenges. Free cash flow is also negative, pointing to liquidity issues. The ratios of operating and free cash flow to net income are unfavorable, reflecting inefficiencies in cash management.50
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 134.28M | 131.82M | 117.24M | 161.72M | 181.94M | 134.83M |
| Gross Profit | 35.91M | 35.43M | 32.08M | 31.51M | 32.20M | 28.40M |
| EBITDA | 132.76K | 2.14M | 4.16M | 5.31M | 8.01M | 6.48M |
| Net Income | -1.42M | -1.20M | 733.60K | 3.68M | 7.91M | 4.73M |
Balance Sheet | ||||||
| Total Assets | 68.46M | 75.46M | 65.74M | 60.37M | 69.15M | 45.15M |
| Cash, Cash Equivalents and Short-Term Investments | 1.23M | 4.56M | 7.78M | 10.07M | 3.88M | 4.02M |
| Total Debt | 25.02M | 27.72M | 22.23M | 19.19M | 22.86M | 20.52M |
| Total Liabilities | 47.55M | 53.90M | 41.72M | 37.62M | 61.60M | 43.62M |
| Stockholders Equity | 20.91M | 22.25M | 24.18M | 22.74M | 7.55M | 1.53M |
Cash Flow | ||||||
| Free Cash Flow | -3.40M | -9.63M | 447.08K | -83.96K | -3.28M | 5.72M |
| Operating Cash Flow | -784.72K | -7.43M | 1.39M | 980.26K | -3.22M | 5.80M |
| Investing Cash Flow | -2.72M | -2.88M | -942.61K | -1.06M | -51.89K | -76.53K |
| Financing Cash Flow | 1.73M | 7.54M | -2.84M | 7.01M | 3.32M | -4.25M |
FGI Industries Ltd Technical Analysis
Negative
0.57
Price Trends
0.59
Negative
0.68
Negative
0.76
Negative
Market Momentum
<0.01
Positive
45.28
Neutral
10.76
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FGI, the sentiment is Negative. The current price of 0.57 is below the 20-day moving average (MA) of 0.65, below the 50-day MA of 0.59, and below the 200-day MA of 0.76, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.28 is Neutral, neither overbought nor oversold. The STOCH value of 10.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FGI.
FGI Industries Ltd Risk Analysis
FGI Industries Ltd disclosed 52 risk factors in its most recent earnings report. FGI Industries Ltd reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
FGI Industries Ltd Peers Comparison
Overall Rating
UnderperformOutperform
Sector (56)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | HK$23.98B | 4.08 | -1.57% | 6.81% | 0.06% | -64.88% | |
53 Neutral | $5.47M | ― | -6.21% | ― | 11.13% | -325.57% | |
51 Neutral | $7.90M | ― | -28.39% | ― | 4.71% | -72.09% | |
45 Neutral | $10.22M | ― | -10.86% | ― | -35.95% | 26.08% | |
45 Neutral | $4.42M | ― | -51.41% | ― | -46.67% | 26.45% | |
44 Neutral | $374.70K | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
Performance Comparison
FGI
FGI Industries Ltd
0.57
-0.45
-44.12%
XELB
XCel Brands
1.83
-4.27
-70.00%
YJ
Yunji
2.08
-0.68
-24.64%
CLEUF
China Liberal Education Holdings
0.11
-3,491.89
-100.00%
BTBD
BT Brands
1.33
-0.06
-4.32%
FGI Industries Ltd Corporate Events
Executive/Board ChangesShareholder MeetingsStock Split
FGI Industries Approves Key Proposals at AGM
Neutral
May 28, 2025
At the Annual General Meeting of Shareholders on May 28, 2025, FGI Industries Ltd‘s shareholders voted on key matters including the election of five directors, approval of a reverse share split proposal, and ratification of the company’s independent auditor. The shareholders elected five directors, approved a proposal allowing the board to implement reverse share splits, and ratified the appointment of CBIZ CPAs, P.C. as the independent auditor for 2025.
The most recent analyst rating on (FGI) stock is a Buy with a $2.00 price target. To see the full list of analyst forecasts on FGI Industries Ltd stock, see the FGI Stock Forecast page.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.