Price Target Changed • Jul 01
Price target decreased by 12% to US$7.50 Down from US$8.50, the current price target is an average from 2 analysts. New target price is 69% above last closing price of US$4.44. Stock is up 32% over the past year. The company is forecast to post a net loss per share of US$0.72 next year compared to a net loss per share of US$3.20 last year. Announcement • May 16
FGI Industries Ltd. Reaffirms Earnings Guidance for the Fiscal 2026 FGI Industries Ltd. reaffirmed earnings guidance for the fiscal 2026. For the year, the company expected total net revenue of $134 million to $141 million. Announcement • May 05
FGI Industries Ltd., Annual General Meeting, Jun 03, 2026 FGI Industries Ltd., Annual General Meeting, Jun 03, 2026. Announcement • Apr 10
Fgi Industries Ltd. Provides Revenue Guidance for Fiscal 2026 FGI Industries Ltd. provided revenue guidance for fiscal 2026. For the period, the company expects total net revenue of $134 million to 141 million. Announcement • Apr 01
FGI Industries Ltd. announced delayed annual 10-K filing On 03/31/2026, FGI Industries Ltd. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Mar 13
FGI Industries Ltd. to Report Q4, 2025 Results on Mar 24, 2026 FGI Industries Ltd. announced that they will report Q4, 2025 results After-Market on Mar 24, 2026 New Risk • Mar 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$8.86m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (17% average weekly change). Market cap is less than US$10m (US$8.86m market cap). Reported Earnings • Nov 17
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: US$0.86 loss per share (further deteriorated from US$0.29 loss in 3Q 2024). Revenue: US$35.8m (flat on 3Q 2024). Net loss: US$1.65m (loss widened 200% from 3Q 2024). Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 100%. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Trade Distributors industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Announcement • Nov 15
Fgi Industries Ltd. Reiterates Earnings Guidance for the Year 2025 FGI Industries Ltd. reiterated earnings guidance for the year 2025. For the year, the company expects Total net revenue of $135-145 million. Announcement • Aug 16
FGI Industries Regains Nasdaq Compliance with the Bid Price Requirement On August 14, 2025, FGI Industries Ltd. received written confirmation from the Nasdaq Listing Qualifications Department (the ‘Staff’) of the Nasdaq Stock Market LLC (‘Nasdaq’) informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the ‘Bid Price Requirement’). Consequently, the Company is now in compliance with all applicable listing standards and will continue to be listed on the Nasdaq Capital Market. Reported Earnings • Aug 13
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: US$0.64 loss per share (down from US$0.086 profit in 2Q 2024). Revenue: US$31.0m (up 5.5% from 2Q 2024). Net loss: US$1.23m (down US$1.40m from profit in 2Q 2024). Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 113%. Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Trade Distributors industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Announcement • Aug 12
Fgi Industries Ltd. Reiterates Its Earnings Guidance for the Year 2025 FGI Industries Ltd. reiterated its earnings guidance for the year 2025. For the year company expects total net revenue of $135 million to 145 million. Announcement • Jul 31
FGI Industries Ltd. to Report Q2, 2025 Results on Aug 11, 2025 FGI Industries Ltd. announced that they will report Q2, 2025 results After-Market on Aug 11, 2025 Reported Earnings • May 16
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: US$0.066 loss per share (further deteriorated from US$0.043 loss in 1Q 2024). Revenue: US$33.2m (up 8.0% from 1Q 2024). Net loss: US$629.1k (loss widened 53% from 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 30%. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Trade Distributors industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • Apr 22
FGI Industries Ltd., Annual General Meeting, May 28, 2025 FGI Industries Ltd., Annual General Meeting, May 28, 2025. New Risk • Apr 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 43% per year over the past 5 years. Market cap is less than US$10m (US$5.80m market cap). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Mar 27
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: US$0.13 loss per share (down from US$0.077 profit in FY 2023). Revenue: US$131.8m (up 12% from FY 2023). Net loss: US$1.20m (down 264% from profit in FY 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 63%. Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Trade Distributors industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • Mar 27
FGI Industries Ltd. Provides Earnings Guidance for the Year 2025 FGI Industries Ltd. provided earnings guidance for the year 2025. For the year, the company expects total net revenue of $135 million to $145 million. Announcement • Mar 14
FGI Industries Ltd. to Report Q4, 2024 Results on Mar 26, 2025 FGI Industries Ltd. announced that they will report Q4, 2024 results After-Market on Mar 26, 2025 Announcement • Mar 12
Nasdaq Grants FGI Industries A 180-Day Extension to Regain Compliance On March 6, 2025, FGI Industries Ltd. received notice from the Nasdaq Stock Market that it had granted the Company a 180-day extension to regain compliance with the Nasdaq continued listing standards. Nasdaq informed the Company that it granted the extension, in part, due to the Company’s intention to cure the deficiency during the extension period by effecting a reverse split, if necessary. The extension runs through September 1, 2025. As previously reported, the Company received notice from Nasdaq on September 6, 2024 that the closing bid price for our common stock had been below $1.00 per share for the previous 30 consecutive business days, and that we were therefore not in compliance with the minimum bid price requirement for continued inclusion on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) (“Rule 5550(a)(2)”). Pursuant to the original notice, the Company had a 180-day period in which to regain compliance. Neither the original notice nor the extension has any immediate effect on the listing or trading of our common stock on The Nasdaq Capital Market. We remain subject to the conditions set in Nasdaq’s notices on September 6, 2024. We can regain compliance with the $1.00 minimum bid listing requirement if the closing bid price of our common stock is at least $1.00 per share for a minimum of ten (10) consecutive business days during the 180-day extension period. If the Company does not regain compliance during this extension period, we expect Nasdaq will notify us that our common stock will be subject to delisting. We will have the right to appeal a determination to delist our common stock, and our common stock would remain listed on The Nasdaq Capital Market until the completion of the appeal process. Although we plan to take steps as necessary to regain compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with Rule 5550(a)(2). Announcement • Jan 30
FGI Industries Ltd. Announces CFO Changes FGI Industries Ltd. announced that on January 22, 2025, Perry Lin, Chief Financial Officer of the company, gave notice of his resignation, to be effective June 30, 2025. Mr. Lin has advised the Company that his resignation was due to personal reasons and not a result of any disagreement with the Company on any matter related to the operations, policies or practices of the Company. On January 25, 2025, the Board of Directors approved and appointed Jae Chung to serve as the Company’s CFO, effective July 1, 2025. Mr. Chung, 57, has served as the Company’s Vice President, Investor Relations and Corporate Development since April 2024. Mr. Chung also served on the Company’s board of directors from January 2022 to March 2024. Prior to his time with FGI, Mr. Chung most recently served as Vice President of Oakmont Corporation, a family investment office, from 2015 through May 2021 where he helped manage its public securities portfolio. Reported Earnings • Nov 13
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: US$0.058 loss per share (down from US$0.043 profit in 3Q 2023). Revenue: US$36.1m (up 21% from 3Q 2023). Net loss: US$550.1k (down 234% from profit in 3Q 2023). Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates by 100%. Revenue is forecast to grow 1.7% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Trade Distributors industry in the US. Announcement • Nov 12
FGI Industries Ltd. Revises Earnings Guidance for the Fiscal Year 2024 FGI Industries Ltd. revised earnings guidance for the fiscal year 2024. Revised total revenue of $127 million to $131 million, up from the previous estimate of $115 million to $128 million. Announcement • Oct 31
FGI Industries Ltd. to Report Q3, 2024 Results on Nov 11, 2024 FGI Industries Ltd. announced that they will report Q3, 2024 results After-Market on Nov 11, 2024 Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$1.03, the stock trades at a trailing P/E ratio of 14.1x. Average forward P/E is 15x in the Trade Distributors industry in the US. Total loss to shareholders of 30% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$1.20 per share. Buy Or Sell Opportunity • Oct 28
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to US$0.87. The fair value is estimated to be US$1.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 84%. Announcement • Sep 12
FGI Industries Receives Notice from Nasdaq Regarding Minimum Bid Price Requirement On September 6, 2024, FGI Industries Ltd. received notice from The Nasdaq Stock Market that the closing bid price for our common stock had been below $1.00 per share for the previous 30 consecutive business days, and that we are therefore not in compliance with the minimum bid price requirement for continued inclusion on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) (Rule 5550(a)(2)"). Nasdaq's notice has no immediate effect on the listing or trading of our common stock on The Nasdaq Capital Market. The notice indicates that we will have 180 calendar days, until March 5, 2025, to regain compliance with this requirement. We can regain compliance with the $1.00 minimum bid listing requirement if the closing bid price of our common stock is at least $1.00 per share for a minimum of ten (10) consecutive business days during the 180-day compliance period. If the Company does not regain compliance during the initial compliance period, we may be eligible for an additional 180 day period to regain compliance. To qualify, we would be required to meet the continued listing requirement for market value of our publicly held shares and all other Nasdaq initial listing standards, with the exception of the minimum bid price requirement under Rule 5550(a)(2), and we would need to provide written notice to Nasdaq of our intention to cure the deficiency during the second compliance period. If it appears to Nasdaq that we will not be able to cure the deficiency, or if we are otherwise not eligible, we expect that Nasdaq will notify us that our common stock will be subject to delisting. We will have the right to appeal a determination to delist our common stock, and our common stock would remain listed on The Nasdaq Capital Market until the completion of the appeal process. We intend to actively monitor the minimum bid price of our common stock and may, as appropriate, consider available options to regain compliance with Rule 5550(a)(2). However, there can be no assurance that the Company will be able to regain compliance with Rule 5550(a)(2). Reported Earnings • Aug 08
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: US$0.017 (up from US$0.009 in 2Q 2023). Revenue: US$29.4m (flat on 2Q 2023). Net income: US$163.6k (up 85% from 2Q 2023). Profit margin: 0.6% (up from 0.3% in 2Q 2023). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 167%. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Trade Distributors industry in the US. Announcement • Aug 08
FGI Industries Ltd. Reiterates Revenue Guidance for the Fiscal Year 2024 FGI Industries Ltd. reiterated revenue guidance for the fiscal year 2024. For the fiscal 2024, Total Revenue of between $115 million and $128 million. Buy Or Sell Opportunity • Jul 30
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to US$0.88. The fair value is estimated to be US$1.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 74%. Announcement • Jul 27
FGI Industries Ltd. to Report Q2, 2024 Results on Aug 07, 2024 FGI Industries Ltd. announced that they will report Q2, 2024 results After-Market on Aug 07, 2024 Buy Or Sell Opportunity • Jul 02
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 34% to US$0.93. The fair value is estimated to be US$1.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 74%. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to US$1.14, the stock trades at a trailing P/E ratio of 17.5x. Average forward P/E is 15x in the Trade Distributors industry in the US. Total loss to shareholders of 32% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$1.06 per share. Reported Earnings • May 10
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: US$0.043 loss per share (further deteriorated from US$0.032 loss in 1Q 2023). Revenue: US$30.8m (up 13% from 1Q 2023). Net loss: US$412.2k (loss widened 36% from 1Q 2023). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 100%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Trade Distributors industry in the US. Announcement • May 09
FGI Industries Ltd. Reiterates Revenue Guidance for the Fiscal Year 2024 FGI Industries Ltd. reiterated revenue guidance for the fiscal year 2024. For the fiscal 2024, Total Revenue of between $115 million and $128 million. Announcement • May 01
FGI Industries Ltd., Annual General Meeting, May 28, 2024 FGI Industries Ltd., Annual General Meeting, May 28, 2024, at 09:00 US Eastern Standard Time. Agenda: To consider the election of five directors, each for a one-year term; to consider the ratification of the selection of Marcum LLP, as the independent registered public accounting firm for the fiscal year ending December 31, 2024; and to act on any other matters that may properly come before the meeting and any adjournment or postponement thereof. New Risk • Apr 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.55m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 25% per year over the past 5 years. Market cap is less than US$10m (US$9.55m market cap). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (0.6% net profit margin). Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$1.28, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Trade Distributors industry in the US. Total loss to shareholders of 29% over the past year. New Risk • Mar 28
New major risk - Revenue and earnings growth Earnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (US$14.2m market cap). Reported Earnings • Mar 28
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: US$0.077 (down from US$0.39 in FY 2022). Revenue: US$117.2m (down 28% from FY 2022). Net income: US$733.6k (down 80% from FY 2022). Profit margin: 0.6% (down from 2.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 133%. Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Trade Distributors industry in the US. Announcement • Mar 19
FGI Industries Ltd. to Report Q4, 2023 Results on Mar 20, 2024 FGI Industries Ltd. announced that they will report Q4, 2023 results After-Market on Mar 20, 2024 New Risk • Feb 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (US$15.3m market cap). Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$1.45, the stock trades at a trailing P/E ratio of 15.3x. Average forward P/E is 13x in the Trade Distributors industry in the US. Total loss to shareholders of 36% over the past year. Price Target Changed • Nov 13
Price target decreased by 27% to US$2.75 Down from US$3.75, the current price target is an average from 2 analysts. New target price is 83% above last closing price of US$1.50. Stock is down 35% over the past year. The company is forecast to post earnings per share of US$0.03 for next year compared to US$0.39 last year. Reported Earnings • Nov 10
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: US$0.043 (down from US$0.13 in 3Q 2022). Revenue: US$29.9m (down 22% from 3Q 2022). Net income: US$409.5k (down 68% from 3Q 2022). Profit margin: 1.4% (down from 3.3% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) exceeded analyst estimates by 100%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Trade Distributors industry in the US. Announcement • Nov 10
Fgi Industries Ltd. Provides Earnings Guidance for the Fiscal Year 2023 FGI Industries Ltd. provided earnings guidance for the fiscal year 2023. For the period, the company expects Total Revenue of $115 million and $120 million. Announcement • Nov 02
FGI Industries Ltd. to Report Q3, 2023 Results on Nov 08, 2023 FGI Industries Ltd. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 08, 2023 Price Target Changed • Aug 14
Price target decreased by 17% to US$3.75 Down from US$4.50, the current price target is an average from 2 analysts. New target price is 109% above last closing price of US$1.79. Stock is down 38% over the past year. The company is forecast to post earnings per share of US$0.15 for next year compared to US$0.39 last year. Reported Earnings • Aug 11
Second quarter 2023 earnings: EPS exceeds analyst expectations Second quarter 2023 results: EPS: US$0.009 (down from US$0.13 in 2Q 2022). Revenue: US$29.2m (down 39% from 2Q 2022). Net income: US$88.5k (down 92% from 2Q 2022). Profit margin: 0.3% (down from 2.4% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Trade Distributors industry in the US. Announcement • Aug 10
FGI Industries Ltd. Provides Financial Guidance for the Year 2023 FGI Industries Ltd. provided financial guidance for the year 2023. For the year, the company expects total revenue of $120 million and $130 million. Announcement • Aug 03
FGI Industries Ltd. to Report Q2, 2023 Results on Aug 09, 2023 FGI Industries Ltd. announced that they will report Q2, 2023 results After-Market on Aug 09, 2023 Announcement • May 11
FGI Industries Ltd. Reiterates Earnings Guidance for Fiscal 2023 FGI Industries Ltd. reiterated earnings guidance for fiscal 2023. For the period, the company expects total revenue of $145 million and $163 million. Reported Earnings • Apr 20
Full year 2022 earnings: EPS in line with expectations, revenues disappoint Full year 2022 results: EPS: US$0.39 (down from US$1.13 in FY 2021). Revenue: US$161.7m (down 11% from FY 2021). Net income: US$3.68m (down 54% from FY 2021). Profit margin: 2.3% (down from 4.3% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 2.0% p.a. on average during the next 2 years, while revenues in the Trade Distributors industry in the US are expected to grow by 5.0%. Major Estimate Revision • Mar 31
Consensus EPS estimates increase by 11%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$154.8m to US$152.4m. EPS estimate rose from US$0.405 to US$0.45. Net income forecast to grow 11% next year vs 3.4% growth forecast for Trade Distributors industry in the US. Consensus price target down from US$5.00 to US$4.50. Share price rose 7.0% to US$2.00 over the past week. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$2.15, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Trade Distributors industry in the US. Total loss to shareholders of 31% over the past year. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$1.95, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Trade Distributors industry in the US. Total loss to shareholders of 38% over the past year. Announcement • Jan 19
FGI Industries Ltd. to Showcase Its Branded Products At KBIS 2023 in Las Vegas FGI Industries Ltd. announced that it will be participating in KBIS 2023, which will be held at the Las Vegas Convention Center from January 31 to February 2, 2023. With over 2,000 square feet, the FGI Booth (N409) at KBIS 2023 will feature its branded products including JETCOAT Shower Wall Systems, CRAFT + MAIN Bath Furniture and Shower Systems, AVENUE Luxury Bath, contract Sanitaryware, and COVERED BRIDGE CABINETRY Custom Kitchen Cabinets. Reported Earnings • Nov 17
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: US$0.13. Revenue: US$38.5m (down 24% from 3Q 2021). Net income: US$1.27m (down 8.9% from 3Q 2021). Profit margin: 3.3% (up from 2.7% in 3Q 2021). Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is expected to decline by 9.9% p.a. on average during the next 2 years, while revenues in the Trade Distributors industry in the US are expected to grow by 4.3%. Major Estimate Revision • Nov 16
Consensus revenue estimates fall by 11% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$186.6m to US$165.6m. EPS estimate fell from US$0.42 to US$0.39 per share. Net income forecast to grow 16% next year vs 2.7% growth forecast for Trade Distributors industry in the US. Consensus price target down from US$6.00 to US$5.00. Share price fell 21% to US$2.39 over the past week. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to US$2.52, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Trade Distributors industry in the US. Announcement • Nov 10
FGI Industries Ltd. Revises Earnings Guidance for the Fiscal 2022 FGI Industries Ltd. revised earnings guidance for the fiscal 2022. The company revised its fiscal 2022 guidance as follows: Total revenue of between $164 million and $168 million, total Operating Income of between $6.0 million and $6.5 million, and total net income of $4.5 million to $5.0 million. Announcement • Oct 27
FGI Industries Ltd. to Report Q3, 2022 Results on Nov 09, 2022 FGI Industries Ltd. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 09, 2022 Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improved over the past week After last week's 16% share price gain to US$2.55, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Trade Distributors industry in the US. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 19% share price gain to US$3.33, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Trade Distributors industry in the US. Reported Earnings • Aug 17
Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2022 results: EPS: US$0.13 (down from US$0.36 in 2Q 2021). Revenue: US$47.8m (up 13% from 2Q 2021). Net income: US$1.17m (down 53% from 2Q 2021). Profit margin: 2.4% (down from 5.9% in 2Q 2021). Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is expected to shrink by 3.4% compared to a 8.6% growth forecast for the Trade Distributors industry in the US. Major Estimate Revision • Aug 13
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from US$0.38 to US$0.42. Revenue forecast steady at US$185.3m. Net income forecast to shrink 6.4% next year vs 8.2% growth forecast for Trade Distributors industry in the US . Consensus price target of US$6.00 unchanged from last update. Share price rose 2.7% to US$2.63 over the past week. Announcement • Aug 11
FGI Industries Ltd. Reiterates Earnings Guidance for the Fiscal 2022 FGI Industries Ltd. reiterated earnings guidance for the fiscal 2022. For the period, the company expects Total Revenue of between $182 million and $189 million, Total Operating Income of between $6.5 million and $7.5 million and Total Net Income of $5.0 million to $6.0 million. Announcement • Jul 28
FGI Industries Ltd. to Report Q2, 2022 Results on Aug 10, 2022 FGI Industries Ltd. announced that they will report Q2, 2022 results After-Market on Aug 10, 2022 Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 17% share price gain to US$2.52, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Trade Distributors industry in the US. Reported Earnings • May 15
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: US$0.06. Revenue: US$43.6m (up 11% from 1Q 2021). Net income: US$530.2k (down 81% from 1Q 2021). Profit margin: 1.2% (down from 6.9% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 55%. Over the next year, revenue is expected to shrink by 1.8% compared to a 14% growth forecast for the industry in the US. Announcement • May 12
FGI Industries Ltd. Reiterates Earnings Guidance for the Fiscal 2022 FGI Industries Ltd. reiterated earnings guidance for the fiscal 2022. For the period, the company expects Total revenue of between $182 million and $189 million, Total operating income of between $6.5 million and $7.5 million and Total Net Income of $5.0 million to $6.0 million. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 30
Full year 2021 earnings released Full year 2021 results: EPS: US$1.13. Revenue: US$181.9m (up 35% from FY 2020). Net income: US$7.91m (up 67% from FY 2020). Profit margin: 4.3% (up from 3.5% in FY 2020). Over the next year, revenue is expected to shrink by 1.6% compared to a 16% growth forecast for the industry in the US. Announcement • Mar 29
FGI Industries Ltd. Provides Earnings Guidance for the Financial Year 2022 FGI Industries Ltd. provided earnings guidance for the financial year 2022. The company expected total revenue of between $182 million and $189 million, total operating Income of between $6.5 million and $7.5 million and total net income of $5 million to $6 million. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 28% share price gain to US$4.01, the stock trades at a trailing P/E ratio of 5x. Average forward P/E is 14x in the Trade Distributors industry in the US. Announcement • Jan 27
FGI Industries Ltd. has completed an IPO in the amount of $15 million. FGI Industries Ltd. has completed an IPO in the amount of $15 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 2,500,000
Price\Range: $6
Discount Per Security: $0.42 Board Change • Jan 12
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 