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FGF

FG Financial Group NasdaqGM:FGF Stock Report

Last Price

US$1.56

Market Cap

US$14.6m

7D

0%

1Y

-72.0%

Updated

14 Aug, 2022

Data

Company Financials
FGF fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

FGF Stock Overview

FG Financial Group, Inc. operates as a reinsurance and investment management holding company in the United States.

FG Financial Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for FG Financial Group
Historical stock prices
Current Share PriceUS$1.56
52 Week HighUS$7.24
52 Week LowUS$1.39
Beta0.76
1 Month Change5.41%
3 Month Change-45.83%
1 Year Change-72.04%
3 Year Change-69.71%
5 Year Change-80.98%
Change since IPO-80.38%

Recent News & Updates

Aug 12

FG Financial Group GAAP EPS of -$0.87, revenue of $3M

FG Financial Group press release (NASDAQ:FGF): Q2 GAAP EPS of -$0.87. Revenue of $3M (-6.3% Y/Y). Cash and cash equivalents of $12.8M.

Shareholder Returns

FGFUS InsuranceUS Market
7D0%6.6%3.2%
1Y-72.0%4.9%-10.2%

Return vs Industry: FGF underperformed the US Insurance industry which returned 4.9% over the past year.

Return vs Market: FGF underperformed the US Market which returned -10.2% over the past year.

Price Volatility

Is FGF's price volatile compared to industry and market?
FGF volatility
FGF Average Weekly Movement10.7%
Insurance Industry Average Movement4.9%
Market Average Movement7.7%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: FGF is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: FGF's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20129Larry Swetshttps://www.fgfinancial.com

FG Financial Group, Inc. operates as a reinsurance and investment management holding company in the United States. The company offers specialty property and casualty reinsurance products and services. It also operates a special purpose acquisition company platform (SPAC) that provides various strategic, administrative, and regulatory support services to newly formed SPACs for a monthly fee.

FG Financial Group Fundamentals Summary

How do FG Financial Group's earnings and revenue compare to its market cap?
FGF fundamental statistics
Market CapUS$14.59m
Earnings (TTM)-US$19.41m
Revenue (TTM)US$1.72m

8.5x

P/S Ratio

-0.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FGF income statement (TTM)
RevenueUS$1.72m
Cost of RevenueUS$9.19m
Gross Profit-US$7.47m
Other ExpensesUS$11.94m
Earnings-US$19.41m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-2.08
Gross Margin-434.19%
Net Profit Margin-1,128.55%
Debt/Equity Ratio0.0%

How did FGF perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is FGF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FGF?

Other financial metrics that can be useful for relative valuation.

FGF key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue14x
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Book Ratio vs Peers

How does FGF's PB Ratio compare to its peers?

FGF PB Ratio vs Peers
The above table shows the PB ratio for FGF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average0.7x
UNAM Unico American
0.4xn/aUS$10.2m
CNFR Conifer Holdings
1.6x89.4%US$26.9m
HRTG Heritage Insurance Holdings
0.2x129.2%US$42.3m
PPHI Positive Physicians Holdings
0.5xn/aUS$31.6m
FGF FG Financial Group
2.7xn/aUS$14.6m

Price-To-Book vs Peers: FGF is expensive based on its Price-To-Book Ratio (2.7x) compared to the peer average (0.7x).


Price to Earnings Ratio vs Industry

How does FGF's PE Ratio compare vs other companies in the US Insurance Industry?

Price-To-Book vs Industry: FGF is expensive based on its Price-To-Book Ratio (2.7x) compared to the US Insurance industry average (1.1x)


Price to Book Ratio vs Fair Ratio

What is FGF's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FGF PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio2.7x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate FGF's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of FGF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate FGF's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate FGF's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is FG Financial Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


18.4%

Forecasted Insurance industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as FG Financial Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine FG Financial Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has FG Financial Group performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-54.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FGF is currently unprofitable.

Growing Profit Margin: FGF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FGF is unprofitable, and losses have increased over the past 5 years at a rate of 54.1% per year.

Accelerating Growth: Unable to compare FGF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FGF is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (-22.2%).


Return on Equity

High ROE: FGF has a negative Return on Equity (-61.21%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is FG Financial Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: FGF's short term assets ($20.2M) exceed its short term liabilities ($6.6M).

Long Term Liabilities: FGF's short term assets ($20.2M) exceed its long term liabilities ($3.0M).


Debt to Equity History and Analysis

Debt Level: FGF is debt free.

Reducing Debt: FGF has no debt compared to 5 years ago when its debt to equity ratio was 5.6%.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: FGF has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: FGF has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 40.4% each year.


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Dividend

What is FG Financial Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate FGF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FGF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FGF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FGF's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FGF has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Larry Swets (47 yo)

2.17yrs

Tenure

US$821,248

Compensation

Mr. Larry Gene Swets, Jr., C.F.A., serves as Director of Ballantyne Strong, Inc. since October 04, 2021. He has experience in the financial services industry, specifically as a merchant banker focusing on...


CEO Compensation Analysis

Compensation vs Market: Larry's total compensation ($USD821.25K) is about average for companies of similar size in the US market ($USD759.99K).

Compensation vs Earnings: Larry's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: FGF's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: FGF's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FGF insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 86.6%.


Top Shareholders

Company Information

FG Financial Group, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: FG Financial Group, Inc.
  • Ticker: FGF
  • Exchange: NasdaqGM
  • Founded: 2012
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Implied Market Cap: US$14.586m
  • Shares outstanding: 9.35m
  • Website: https://www.fgfinancial.com

Number of Employees


Location

  • FG Financial Group, Inc.
  • 360 Central Avenue
  • Suite 800
  • Saint Petersburg
  • Florida
  • 33701
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/14 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.