First Growth Funds (FGFL) AI Stock Analysis

• Market Cap: $777.98K
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): -1.39
• Revenue Growth: -1027.74%
• EPS Growth: -275.00%
• Country: CA
• Employees: 18
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): >-0.01
• Shares Outstanding: 77,798,220
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: 0.03
• Price to Book (P/B): 0.29
• Price to Sales (P/S): -6.94
• P/FCF Ratio: -4.71
• 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: 37 Underperform
• Price Target: ―

First Growth Funds is experiencing severe financial challenges, with negative profitability and cash flow issues being the most significant factors. The lack of technical indicators or valuation appeal further diminishes its stock attractiveness. Strategic improvements are necessary to enhance revenue and cost management for a better outlook.

First Growth Funds Business Overview & Revenue Model

Company Description

First Growth Funds (FGFL) is an investment company that operates primarily in the financial services sector. The company specializes in providing growth capital and investment solutions to emerging companies, focusing on sectors such as technology, biotechnology, and other high-growth industries. FGFL aims to maximize returns for its investors by strategically investing in promising startups and businesses with high growth potential.

How the Company Makes Money

First Growth Funds (FGFL) makes money through a combination of investment returns and management fees. The company's primary revenue stream comes from the capital appreciation of its investments in high-growth companies. By investing in early-stage businesses, FGFL seeks to benefit from substantial value increases as these companies grow and mature. Additionally, FGFL may charge management fees to its investors, providing a steady income stream based on a percentage of the assets under management. Significant partnerships with venture capital firms, industry experts, and other financial institutions can also enhance FGFL's investment opportunities and contribute to its earnings.

First Growth Funds Financial Statement Overview

Summary

First Growth Funds is facing significant financial distress, marked by declining revenue, negative profit margins, and ongoing net losses. While the balance sheet is strong due to zero debt, the company struggles with negative cash flows, severely impacting its ability to finance growth or operations effectively.

Income Statement

First Growth Funds has faced a significant decline in revenue over recent periods, with negative revenue growth indicating a challenging business environment. The TTM (Trailing-Twelve-Months) data shows negative gross and net profit margins, reflecting operational inefficiencies and substantial losses. The company has not generated positive EBIT or EBITDA, further demonstrating financial challenges in maintaining profitability.

Balance Sheet

The company's balance sheet shows a strong equity position with no debt, resulting in a healthy debt-to-equity ratio of zero. However, the return on equity is negative due to ongoing net losses. The equity ratio is robust, indicating a strong capital structure, but the decline in total assets suggests potential challenges in asset management and growth.

Cash Flow

Operating cash flow has been consistently negative, highlighting difficulties in generating cash from operations. The free cash flow has also been negative, indicating poor cash management and a lack of funds for reinvestment. The operating cash flow to net income ratio is negative, further stressing cash flow inefficiencies.

Breakdown	TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement
Total Revenue	-1.11M	-122.44K	-566.41K	-5.03M	2.78M	2.55M
Gross Profit	-1.11M	-122.44K	-566.41K	-5.03M	2.74M	1.66M
EBITDA	-1.29M	-340.70K	0.00	0.00	1.66M	0.00
Net Income	-1.29M	-340.70K	-1.49M	-5.97M	1.66M	934.34K
Balance Sheet
Total Assets	2.03M	2.96M	3.30M	4.82M	10.76M	9.16M
Cash, Cash Equivalents and Short-Term Investments	3.97K	4.38K	1.45M	3.81M	856.17K	4.35M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	55.19K	63.80K	64.11K	98.13K	75.61K	127.68K
Stockholders Equity	1.97M	2.89M	3.23M	4.72M	10.69M	9.03M
Cash Flow
Free Cash Flow	-33.32K	-180.37K	-344.03K	-327.39K	-3.49M	1.88M
Operating Cash Flow	-33.32K	-180.37K	-344.03K	-327.39K	-3.49M	1.88M
Investing Cash Flow	0.00	0.00	0.00	0.00	210.09K	210.09K
Financing Cash Flow	0.00	0.00	0.00	0.00	0.00	0.00

First Growth Funds Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ZC	61 Neutral	$6.34M	0.41	75.06%	―	486.23%	478.94%
FGFL	37 Underperform	$777.98K	-0.67	-50.86%	―	-1027.74%	-275.00%
LLL	32 Underperform	C$516.04K	-0.27	-481.42%	―	―	-97.17%
LITT	31 Underperform	C$6.59M	-3.93	-37.67%	―	―	7.47%
BLR	24 Underperform	C$441.26K	―	―	―	―	99.06%

First Growth Funds Corporate Events

First Growth Funds Decisions at 2024 AGM

First Growth Funds Limited successfully concluded its 2024 Annual General Meeting, with shareholders approving the re-election of key directors and the appointment of a new auditor. This marks another step forward for the company as it continues to diversify its investments across various asset classes.