How does FIGP's PS Ratio compare to its peers?

FIGP is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (2x).

How does FIGP's PS Ratio compare vs other companies in the US Insurance Industry?

FIGP is good value based on its Price-To-Sales Ratio (0.9x) compared to the US Insurance industry average (1.1x).

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

Insufficient data to calculate FIGP's Price-To-Sales Fair Ratio for valuation analysis.

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

Insufficient data to calculate FIGP's fair value for valuation analysis.

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

Insufficient data to show price forecast.

FIGP Stock Overview

Operates as a property and casualty insurance company in the United States. More details

FIGP fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Risk Analysis

Earnings have declined by 20.2% per year over past 5 years

Shares are highly illiquid

Does not have a meaningful market cap ($20M)

My Notes

Capture your thoughts, links and company narrative

Forge Group, Inc. Competitors

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Conifer Holdings

NasdaqCM:CNFR

US$13.1m

ICC Holdings

NasdaqCM:ICCH

US$70.7m

ACMAT

OTCPK:ACMT.A

US$29.1m

Price History & Performance

Summary of share price highs, lows and changes for Forge Group
Historical stock prices
Current Share Price	US$10.00
52 Week High	US$11.00
52 Week Low	US$8.74
Beta	0.023
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-5.12%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	FIGP	US Insurance	US Market
7D	0%	-2.2%	-2.4%
1Y	n/a	26.1%	23.4%

Return vs Industry: Insufficient data to determine how FIGP performed against the US Insurance industry.

Return vs Market: Insufficient data to determine how FIGP performed against the US Market.

Price Volatility

Is FIGP's price volatile compared to industry and market?
FIGP volatility
FIGP Average Weekly Movement	n/a
Insurance Industry Average Movement	4.2%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.1%

Stable Share Price: FIGP's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine FIGP's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1938	20	Patrick Bracewell	www.forgeinsurance.com

Forge Group, Inc. operates as a property and casualty insurance company in the United States. The company provides commercial automobile property and casualty insurance policies on taxi cabs, sedans, and other public livery and light transportation vehicles for hire. It also owns and leases three commercial real estate properties located in the District of Columbia.

Forge Group, Inc. Fundamentals Summary

How do Forge Group's earnings and revenue compare to its market cap?
FIGP fundamental statistics
Market cap	US$20.44m
Earnings (TTM)	-US$204.51k
Revenue (TTM)	US$23.02m

0.9x

P/S Ratio

-100.0x

P/E Ratio

Is FIGP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FIGP income statement (TTM)
Revenue	US$23.02m
Cost of Revenue	US$20.73m
Gross Profit	US$2.29m
Other Expenses	US$2.50m
Earnings	-US$204.51k

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.10
Gross Margin	9.95%
Net Profit Margin	-0.89%
Debt/Equity Ratio	55.7%

How did FIGP perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 01:27
End of Day Share Price	2024/12/02 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Forge Group, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution