OTCPK:FGNV

Stock Analysis Report

Forge Innovation Development

Executive Summary

Forge Innovation Development Corp., a development stage company, focuses on commercial or residential land development business in the United States.


Snowflake Analysis

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.


Market Performance


7 Day Return

0%

FGNV

19.0%

US Real Estate

7.2%

US Market


1 Year Return

n/a

FGNV

-30.9%

US Real Estate

-10.4%

US Market

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.


Shareholder returns

FGNVIndustryMarket
7 Day0%19.0%7.2%
30 Day0%-30.3%-12.6%
90 Day0%-37.8%-19.4%
1 Yearn/a-30.3%-30.9%-8.5%-10.4%
3 Yearn/a-15.3%-17.4%15.8%8.3%
5 Yearn/a-31.1%-33.2%35.8%21.0%

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

Valuation

Is Forge Innovation Development undervalued compared to its fair value and its price relative to the market?

136.16x

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).


Next Steps

Future Growth

How is Forge Innovation Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.9%

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.


Next Steps

Past Performance

How has Forge Innovation Development performed over the past 5 years?

-32.1%

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.


Next Steps

Financial Health

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.


Balance Sheet

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.


Next Steps

Dividend

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.


Next Steps

Management

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

US$45k

CEO Compensation


CEO

Patrick Liang (34yo)

3.58s

Tenure

US$45,000

Compensation

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.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Forge Innovation Development Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Forge Innovation Development Corp.
  • 17800 Castleton Street
  • Suite 583
  • City of Industry
  • California
  • 91748
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FGNVOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMay 2018

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/03 00:37
End of Day Share Price2019/08/05 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.