Fab-Form (FBF) AI Stock Analysis

• Market Cap: C$10.28M
• Dividend Yield: N/A
• Average Volume (3M): 2.06K
• Price to Earnings (P/E): 20.3
• Beta (1Y): 0.09
• Revenue Growth: 4.45%
• EPS Growth: -27.12%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): N/A
• Shares Outstanding: 9,174,507
• 10 Day Avg. Volume: 3,162
• 30 Day Avg. Volume: 2,058
• PEG Ratio: -0.78
• Price to Book (P/B): 2.10
• Price to Sales (P/S): 2.62
• P/FCF Ratio: 96.44
• 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: 66 Neutral
• Price Target: C$1.50 ▲(23.97% Upside)
• Action: Reiterated Date: 12/11/25
• Date: Action: Reiterated 12/11/25

Fab-Form's overall stock score is driven by strong financial performance, particularly in revenue growth and profitability. The technical analysis indicates a bearish trend, which is a concern. Valuation is reasonable, but the lack of a dividend yield may deter some investors. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Revenue & Margin Expansion

Fab-Form’s near-doubling of TTM revenue combined with healthy gross and net margins indicates durable product demand and pricing power in its formwork niche. Sustained top-line expansion with margin preservation supports long-term reinvestment, scale benefits, and profitability resilience.

Strong Balance Sheet

Extremely low leverage and a high equity ratio give Fab-Form financial flexibility to fund growth, capex, or acquisitions without stressing liquidity. This capital structure reduces solvency risk in downturns and supports sustained investment in product development and distribution capabilities.

Improving Cash Generation

Strong FCF growth and OCF conversion above 1.0 indicate improving quality of earnings and internal funding capacity. Durable cash generation enhances the company’s ability to self-fund working capital, invest in technology, and absorb cyclical shocks without relying on external financing.

Negative Factors

Declining EPS

A material drop in EPS signals weakening per-share profitability which can reflect margin pressure, one-off charges, or dilution. If persistent, declining EPS constrains retained earnings available for reinvestment and undermines confidence in management’s ability to sustain shareholder returns.

Operational Efficiency Pressure

A falling EBIT margin suggests rising operating costs or inability to leverage fixed costs as revenue grows. Continued deterioration would reduce operating cash flow and limit capacity to scale profitably, making the business more vulnerable to input cost inflation and competitive pricing pressure.

Cyclicality & Concentration Risk

Heavy reliance on construction product sales ties Fab-Form’s fortunes to building cycles and project activity. Limited end-market diversification increases exposure to regional construction slowdowns, potentially amplifying revenue volatility and pressuring margins during industry downturns.

Fab-Form Business Overview & Revenue Model

Company Description

Fab-Form Industries Ltd. develops, manufactures, and distributes technology to form concrete footings, columns, foundations, and walls for building structures in Canada. Its product portfolio includes bracing, fastfoot, fast-pad, fast-tube, and monopour products. The company also distributes Helix micro rebars; and Nudura insulating concrete forms. Fab-Form Industries Ltd. was founded in 1986 and is headquartered in Delta, Canada.

How the Company Makes Money

Fab-Form generates revenue primarily through the sale of its construction products, including insulated concrete forms and other formwork solutions. The company utilizes a direct sales model, as well as partnerships with distributors and retailers, to reach a broader market. Key revenue streams include bulk sales to construction companies, recurring orders from contractors for ongoing projects, and custom solutions tailored to specific client needs. Additionally, FBF may benefit from strategic partnerships with construction firms and architects, which can lead to increased sales opportunities and market expansion. The company's commitment to innovation and quality also enhances its brand reputation, contributing to customer loyalty and repeat business.

Fab-Form Financial Statement Overview

Summary

Fab-Form has shown strong revenue growth and profitability metrics, with a healthy gross profit margin and solid net profit margin. The balance sheet is robust with low leverage, and cash flow generation is improving. However, there are areas for operational efficiency improvements.

Income Statement

Fab-Form has demonstrated strong revenue growth in the TTM period with a 95.8% increase, indicating robust demand and market expansion. The gross profit margin is healthy at 35.3%, and the net profit margin is solid at 14.3%, reflecting effective cost management. However, the EBIT margin has decreased compared to previous periods, suggesting potential operational inefficiencies.

Balance Sheet

The company maintains a very low debt-to-equity ratio of 0.03, indicating strong financial stability and low leverage risk. The return on equity is decent at 11.7%, showing effective use of equity to generate profits. The equity ratio is strong at 88.3%, highlighting a solid capital structure with a high proportion of equity financing.

Cash Flow

Fab-Form's free cash flow has grown significantly by 77.9% in the TTM period, which is a positive indicator of cash generation capabilities. The operating cash flow to net income ratio is 1.46, suggesting good cash conversion from earnings. However, the free cash flow to net income ratio is slightly lower at 0.80, indicating room for improvement in cash flow efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Mar 2023	Mar 2022	Dec 2020
Income Statement
Total Revenue	4.78M	4.73M	4.68M	6.13M	4.42M	2.63M
Gross Profit	1.57M	1.60M	1.69M	2.34M	1.57M	840.08K
EBITDA	959.30K	978.00K	1.23M	1.86M	1.17M	409.26K
Net Income	505.44K	546.76K	771.88K	1.26M	765.51K	220.15K
Balance Sheet
Total Assets	6.95M	6.72M	6.06M	4.76M	3.39M	2.66M
Cash, Cash Equivalents and Short-Term Investments	4.40M	3.63M	4.10M	2.85M	1.52M	1.30M
Total Debt	100.64K	130.44K	117.34K	418.39K	528.64K	520.06K
Total Liabilities	815.75K	814.11K	703.27K	659.84K	672.15K	855.26K
Stockholders Equity	6.14M	5.90M	5.35M	4.10M	2.72M	1.81M
Cash Flow
Free Cash Flow	225.66K	128.43K	1.23M	1.50M	341.60K	504.11K
Operating Cash Flow	674.76K	646.95K	1.37M	1.63M	355.75K	518.61K
Investing Cash Flow	-952.21K	-989.83K	-757.52K	-2.20M	-31.36K	976.00
Financing Cash Flow	-122.44K	-122.44K	-122.44K	-122.44K	-108.26K	-98.08K

Fab-Form Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.21
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FBF, the sentiment is Positive. The current price of 1.21 is above the 20-day moving average (MA) of 1.16, above the 50-day MA of 1.15, and above the 200-day MA of 1.20, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.47 is Neutral, neither overbought nor oversold. The STOCH value of 37.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FBF.

Fab-Form Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DBM	76 Outperform	C$913.98M	11.76	12.33%	5.85%	28.20%	36.95%
CEMX	73 Outperform	C$61.58M	19.90	8.30%	―	-3.69%	85.59%
FBF	66 Neutral	C$10.28M	20.33	8.59%	―	4.45%	-27.12%
TBL	64 Neutral	C$404.79M	9.14	11.85%	―	2.99%	-12.14%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
PWER	50 Neutral	C$7.54M	6.70	―	―	―	―

Fab-Form Corporate Events

Fab-Form Buys Prime White Rock Site to Showcase Smart, Low-Cost Housing Technologies

Fab-Form Industries has acquired a 0.41-acre residential property in a prime coastal neighborhood of White Rock, British Columbia, for approximately $2.45 million as a flagship site to showcase smart, low-cost and sustainable housing solutions. Funded entirely from internal capital, the project will serve as a live demonstration and testing hub for Fab-Form’s latest slab and insulation technologies alongside its broader product suite, with weekly open houses aimed at industry professionals and homeowners; by advancing prototypes slated for later in 2026, the initiative is intended to strengthen the company’s position in affordable, energy-efficient housing and expand market adoption of its construction systems without adding debt to its balance sheet.

The most recent analyst rating on (TSE:FBF) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Fab-Form stock, see the TSE:FBF Stock Forecast page.

Fab-Form Sets Up U.S. Fulfillment Hub in Missouri to Accelerate Expansion

Fab-Form Industries Ltd. has entered into a third-party logistics and fulfillment agreement with All 3 Pools LLC to establish a U.S. fulfillment hub in Springfield, Missouri, supporting warehousing, storage and related logistics for its expanding American operations. The new hub is expected to speed delivery times and improve customer service across the United States, marking a significant step in the company’s U.S. distribution strategy and footprint expansion, though it is characterized as a routine operational expansion rather than a material acquisition.

The most recent analyst rating on (TSE:FBF) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Fab-Form stock, see the TSE:FBF Stock Forecast page.

Fab-Form Industries Reports Modest Revenue Growth Amid Expansion Efforts

Fab-Form Industries Ltd. reported a modest revenue growth of 3.16% for the quarter ended September 30, 2025, driven by increased sales of Fastfoot, Fast-Tube, Helix, and Insulated Concrete Forms accessories. Despite stable gross profit, the company faced a decline in net earnings by 14.85% due to increased operating expenses linked to its expansion strategy. The company maintains strong liquidity with cash and short-term investments totaling over $4 million, and remains financially stable with minimal liabilities. Fab-Form is also actively showcasing its innovative products at the Big 5 Global event in Dubai, highlighting its commitment to market expansion and product innovation.