Forge Innovation Development Corp., a development stage company, focuses on commercial or residential land development business in the United States.
Flawless balance sheet with weak fundamentals.
Share Price & News
How has Forge Innovation Development's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FGNV has not had significant price volatility in the past 3 months.
7 Day Return
US Real Estate
1 Year Return
US Real Estate
Return vs Industry: Insufficient data to determine how FGNV performed against the US Real Estate industry.
Return vs Market: Insufficient data to determine how FGNV performed against the US Market.
Price Volatility Vs. Market
How volatile is Forge Innovation Development's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Forge Innovation Development undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate FGNV's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate FGNV's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: FGNV is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.
PE vs Market: FGNV is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FGNV's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FGNV is overvalued based on its PB Ratio (136.2x) compared to the US Real Estate industry average (1.5x).
How is Forge Innovation Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate 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 Forge Innovation Development 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.
- Examine Forge Innovation Development'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.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Forge Innovation Development's filings and announcements here.
- Explore growth companies in the Real Estate industry.
How has Forge Innovation Development performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: FGNV is currently unprofitable.
Growing Profit Margin: FGNV is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if FGNV's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare FGNV's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FGNV is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-25%).
Return on Equity
High ROE: FGNV has a negative Return on Equity (-48.09%), as it is currently unprofitable.
How is Forge Innovation Development's financial position?
Financial Position Analysis
Short Term Liabilities: FGNV's short term assets ($626.4K) exceed its short term liabilities ($59.7K).
Long Term Liabilities: FGNV's short term assets ($626.4K) exceed its long term liabilities ($95.4K).
Debt to Equity History and Analysis
Debt Level: FGNV is debt free.
Reducing Debt: FGNV had no debt 5 years ago.
Inventory Level: FGNV has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if FGNV's debt is covered by short term assets.
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: FGNV has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: FGNV has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of -97.9% each year.
What is Forge Innovation Development's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FGNV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate FGNV's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FGNV's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FGNV's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FGNV's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Patrick Liang (34yo)
Mr. Patrick Liang has been the President, Chief Executive Officer, Chief Financial Officer, Secretary and Director of Forge Innovation Development Corp. since April 2016. Mr. Liang has transitioned over to ...
CEO Compensation Analysis
Compensation vs Market: Patrick's total compensation ($USD45.00K) is below average for companies of similar size in the US market ($USD519.76K).
Compensation vs Earnings: Insufficient data to compare Patrick's compensation with company performance.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Forge Innovation Development Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Forge Innovation Development Corp.
- Ticker: FGNV
- Exchange: OTCPK
- Founded: 2016
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: US$91.244m
- Shares outstanding: 45.62m
- Website: https://www.forgecorpusa.com
Number of Employees
- Forge Innovation Development Corp.
- 17800 Castleton Street
- Suite 583
- City of Industry
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FGNV||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||May 2018|
Forge Innovation Development Corp., a development stage company, focuses on commercial or residential land development business in the United States. It also intends to invest in development projects; purchase and sell real estate properties; and provide property management services. The company was formerly known as You-Go enterprises, LLC and changed its name to Forge Innovation Development Corp. in November 2016. Forge Innovation Development Corp. was founded in 2016 and is based in City of Industry, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/11/03 00:37|
|End of Day Share Price||2019/08/05 00:00|
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.