Faircourt Gld Incm A (TSE:FGX)
NEO-L:FGX
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Faircourt Gold Income A
(NEO-L:FGX)
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Rating:65Neutral
Price Target:
C$2.50
▲(0.81% Upside)
Action:Reiterated
Date:03/30/26
The score is primarily driven by very strong valuation (low P/E and solid yield), tempered by weaker financial quality due to poor 2025 cash conversion despite strong reported earnings. Technicals add little support given flat moving averages and an extreme RSI reading.
Positive Factors
Conservative balance sheet
Modest debt-to-equity (~0.16–0.19) and meaningful asset and equity growth to 2025 (assets ~18.0M; equity ~16.3M) give the fund financial flexibility. This reduces solvency risk and supports ability to fund distributions or withstand drawdowns over the next several months.
Negative Factors
Poor cash conversion
A ~93% drop in free cash flow to ~0.07M while reporting strong net income indicates earnings are not translating into cash. This undermines the sustainability of distributions and limits internal funding for portfolio activity or option collateral over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Modest debt-to-equity (~0.16–0.19) and meaningful asset and equity growth to 2025 (assets ~18.0M; equity ~16.3M) give the fund financial flexibility. This reduces solvency risk and supports ability to fund distributions or withstand drawdowns over the next several months.
Read all positive factors
Faircourt Gold Income A (FGX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
N/A
Dividend Yield4.89%
Average Volume (3M)2.50K
Price to Earnings (P/E)0.6
Beta (1Y)N/A
Revenue GrowthN/A
EPS Growth635.85%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryAsset Management - Income
Share Statistics
EPS (TTM)3.65
Shares Outstanding2,549,311
10 Day Avg. Volume2,500
30 Day Avg. Volume2,500
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.99
Price to Sales (P/S)5.38
P/FCF Ratio229.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Faircourt Gold Income A Business Overview & Revenue Model
Company Description
Faircourt Gold Income Corp. is a closed-ended equity mutual fund launched and managed by Faircourt Asset Management Inc. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating in the precious m...
How the Company Makes Money
Faircourt Gold Income A makes money primarily through (1) portfolio investment returns and (2) option-premium income. Portfolio investment returns come from dividends and other cash distributions received from the fund’s holdings, and from realize...
Faircourt Gold Income A Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
76
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.01M | -150.71K | -97.11K | 492.93K | 2.66M |
| Gross Profit | 2.81M | -298.50K | -97.11K | 312.27K | 2.41M |
| EBITDA | 10.21M | 1.52M | -69.66K | -92.57K | -99.83K |
| Net Income | 10.14M | 1.50M | -551.14K | -979.13K | -2.17M |
Balance Sheet | |||||
| Total Assets | 18.03M | 9.31M | 9.18M | 11.13M | 14.13M |
| Cash, Cash Equivalents and Short-Term Investments | 17.99M | 9.27M | 9.13M | 11.10M | 14.02M |
| Total Debt | 1.44M | 1.24M | 1.44M | 1.70M | 2.20M |
| Total Liabilities | 1.71M | 1.51M | 1.67M | 2.06M | 2.49M |
| Stockholders Equity | 16.33M | 7.79M | 7.51M | 9.07M | 11.64M |
Cash Flow | |||||
| Free Cash Flow | 70.51K | 191.62K | 924.53K | 483.69K | 321.92K |
| Operating Cash Flow | 70.51K | 191.62K | 924.54K | 483.69K | 321.92K |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -1.42M | -1.42M | -1.27M | -2.10M | -3.00M |
Faircourt Gold Income A Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | C$93.52B | 10.86 | 23.48% | 1.17% | 42.43% | 170.59% | |
79 Outperform | C$124.16B | 14.97 | 21.97% | 0.91% | 50.46% | 123.62% | |
76 Outperform | C$59.77B | 25.90 | 18.67% | 0.72% | 70.06% | 119.01% | |
72 Outperform | C$81.46B | 26.03 | 21.33% | 0.55% | 86.33% | 186.98% | |
71 Outperform | C$46.74B | 10.88 | 34.46% | 0.43% | 41.92% | 138.48% | |
65 Neutral | ― | 0.56 | 30.97% | 4.89% | ― | 635.85% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
TSE:FGX
Faircourt Gold Income A
2.48
0.00
0.00%
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Faircourt Gold Income A Corporate Events
Dividends
Faircourt Gold Income Corp. Declares $0.034 March Distribution
Positive
Mar 25, 2026
Faircourt Asset Management Inc., as manager and investment advisor to Faircourt Gold Income Corp., has declared a monthly cash distribution of $0.034 per share for the fund, which trades on CBOE Canada under the ticker FGX. The distribution will b...
Dividends
Faircourt Gold Income Corp. Declares February Cash Distribution
Positive
Feb 25, 2026
Faircourt Asset Management Inc., as manager and investment advisor to Faircourt Gold Income Corp., announced a monthly cash distribution of $0.034 per share for the fund, which trades under the symbol FGX on the CBOE Canada Exchange. The distribut...
DividendsFinancial Disclosures
Faircourt Gold Income Hikes Monthly Distribution After Strong NAV Growth
Positive
Jan 16, 2026
Faircourt Asset Management Inc. announced a 41.67% increase in the monthly distribution for Class A shares of Faircourt Gold Income Corp., citing strong net asset value growth over the past year, with the new payout set at $0.034 per share startin...
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
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