FORGE GLOBAL HOLDINGS INC (FRGE) Fundamental Analysis & Valuation

NYSE:FRGE • US34629L2025

Current stock price

45 USD
+0.19 (+0.42%)
At close:
44.99 USD
-0.01 (-0.02%)
After Hours:

This FRGE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

1

1. FRGE Profitability Analysis

1.1 Basic Checks

  • In the past year FRGE has reported negative net income.
  • In the past year FRGE has reported a negative cash flow from operations.
  • FRGE had negative earnings in each of the past 5 years.
  • FRGE had negative operating cash flow in 4 of the past 5 years.
FRGE Yearly Net Income VS EBIT VS OCF VS FCFFRGE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 -20M -40M -60M -80M -100M

1.2 Ratios

  • FRGE's Return On Assets of -24.85% is on the low side compared to the rest of the industry. FRGE is outperformed by 90.34% of its industry peers.
  • Looking at the Return On Equity, with a value of -30.90%, FRGE is doing worse than 83.19% of the companies in the same industry.
Industry RankSector Rank
ROA -24.85%
ROE -30.9%
ROIC N/A
ROA(3y)-28.68%
ROA(5y)-19.39%
ROE(3y)-33.39%
ROE(5y)-23.24%
ROIC(3y)N/A
ROIC(5y)N/A
FRGE Yearly ROA, ROE, ROICFRGE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 -10 -20 -30

1.3 Margins

  • FRGE has a Gross Margin of 98.98%. This is amongst the best in the industry. FRGE outperforms 99.58% of its industry peers.
  • In the last couple of years the Gross Margin of FRGE has remained more or less at the same level.
  • The Profit Margin and Operating Margin are not available for FRGE so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 98.98%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.53%
GM growth 5YN/A
FRGE Yearly Profit, Operating, Gross MarginsFRGE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 50 -50 -100 -150

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. FRGE Health Analysis

2.1 Basic Checks

  • FRGE has more shares outstanding than it did 1 year ago.
  • FRGE has a worse debt/assets ratio than last year.
FRGE Yearly Shares OutstandingFRGE Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
FRGE Yearly Total Debt VS Total AssetsFRGE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

  • An Altman-Z score of 5.06 indicates that FRGE is not in any danger for bankruptcy at the moment.
  • FRGE has a better Altman-Z score (5.06) than 84.87% of its industry peers.
  • A Debt/Equity ratio of 0.05 indicates that FRGE is not too dependend on debt financing.
  • The Debt to Equity ratio of FRGE (0.05) is better than 81.09% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF N/A
Altman-Z 5.06
ROIC/WACCN/A
WACCN/A
FRGE Yearly LT Debt VS Equity VS FCFFRGE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

  • FRGE has a Current Ratio of 2.55. This indicates that FRGE is financially healthy and has no problem in meeting its short term obligations.
  • FRGE has a better Current ratio (2.55) than 79.41% of its industry peers.
  • A Quick Ratio of 2.55 indicates that FRGE has no problem at all paying its short term obligations.
  • With a decent Quick ratio value of 2.55, FRGE is doing good in the industry, outperforming 79.41% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.55
Quick Ratio 2.55
FRGE Yearly Current Assets VS Current LiabilitesFRGE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. FRGE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 19.38% over the past year.
  • The Revenue has grown by 16.40% in the past year. This is quite good.
  • Measured over the past years, FRGE shows a very negative growth in Revenue. The Revenue has been decreasing by -14.76% on average per year.
EPS 1Y (TTM)19.38%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%8.67%
Revenue 1Y (TTM)16.4%
Revenue growth 3Y-14.76%
Revenue growth 5YN/A
Sales Q2Q%10.64%

3.2 Future

  • FRGE is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.11% yearly.
  • FRGE is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 21.12% yearly.
EPS Next Y26.33%
EPS Next 2Y25.22%
EPS Next 3Y23.11%
EPS Next 5YN/A
Revenue Next Year27.08%
Revenue Next 2Y25.57%
Revenue Next 3Y21.12%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
FRGE Yearly Revenue VS EstimatesFRGE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M
FRGE Yearly EPS VS EstimatesFRGE Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 -2 -4 -6 -8 -10

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Find the best growth stocksShow best growing peers

1

4. FRGE Valuation Analysis

4.1 Price/Earnings Ratio

  • FRGE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Also next year FRGE is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
FRGE Price Earnings VS Forward Price EarningsFRGE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
FRGE Per share dataFRGE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10

4.3 Compensation for Growth

  • A more expensive valuation may be justified as FRGE's earnings are expected to grow with 23.11% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y25.22%
EPS Next 3Y23.11%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. FRGE Dividend Analysis

5.1 Amount

  • No dividends for FRGE!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

FRGE Fundamentals: All Metrics, Ratios and Statistics

FORGE GLOBAL HOLDINGS INC

NYSE:FRGE (2/27/2026, 8:05:22 PM)

After market: 44.99 -0.01 (-0.02%)

45

+0.19 (+0.42%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)03-03
Earnings (Next)05-01
Inst Owners37.42%
Inst Owner Change36.19%
Ins Owners5.09%
Ins Owner Change-1.04%
Market Cap619.20M
Revenue(TTM)92.88M
Net Income(TTM)-62.62M
Analysts48.89
Price Target45.9 (2%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-21.34%
Min EPS beat(2)-30.72%
Max EPS beat(2)-11.97%
EPS beat(4)2
Avg EPS beat(4)-6.63%
Min EPS beat(4)-30.72%
Max EPS beat(4)12.04%
EPS beat(8)4
Avg EPS beat(8)-4.23%
EPS beat(12)5
Avg EPS beat(12)-3.59%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)7.35%
Min Revenue beat(2)-13.14%
Max Revenue beat(2)27.84%
Revenue beat(4)2
Avg Revenue beat(4)2.06%
Min Revenue beat(4)-13.14%
Max Revenue beat(4)27.84%
Revenue beat(8)3
Avg Revenue beat(8)-0.84%
Revenue beat(12)4
Avg Revenue beat(12)-2.31%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-10%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)9.85%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.28%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 6.67
P/FCF N/A
P/OCF N/A
P/B 3.06
P/tB 13.95
EV/EBITDA N/A
EPS(TTM)-5.2
EYN/A
EPS(NY)-2.33
Fwd EYN/A
FCF(TTM)-2.93
FCFYN/A
OCF(TTM)-2.9
OCFYN/A
SpS6.75
BVpS14.73
TBVpS3.23
PEG (NY)N/A
PEG (5Y)N/A
Graham Number0 (-100%)
Profitability
Industry RankSector Rank
ROA -24.85%
ROE -30.9%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 98.98%
FCFM N/A
ROA(3y)-28.68%
ROA(5y)-19.39%
ROE(3y)-33.39%
ROE(5y)-23.24%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.53%
GM growth 5YN/A
F-Score4
Asset Turnover0.37
Health
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 11.45%
Cap/Sales 0.48%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.55
Quick Ratio 2.55
Altman-Z 5.06
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)44.73%
Cap/Depr(5y)48.56%
Cap/Sales(3y)3.9%
Cap/Sales(5y)3.3%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)19.38%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%8.67%
EPS Next Y26.33%
EPS Next 2Y25.22%
EPS Next 3Y23.11%
EPS Next 5YN/A
Revenue 1Y (TTM)16.4%
Revenue growth 3Y-14.76%
Revenue growth 5YN/A
Sales Q2Q%10.64%
Revenue Next Year27.08%
Revenue Next 2Y25.57%
Revenue Next 3Y21.12%
Revenue Next 5YN/A
EBIT growth 1Y24.58%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year67.38%
EBIT Next 3Y28.3%
EBIT Next 5YN/A
FCF growth 1Y12.11%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y9.27%
OCF growth 3YN/A
OCF growth 5YN/A

FORGE GLOBAL HOLDINGS INC / FRGE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for FORGE GLOBAL HOLDINGS INC?

ChartMill assigns a fundamental rating of 3 / 10 to FRGE.


What is the valuation status of FORGE GLOBAL HOLDINGS INC (FRGE) stock?

ChartMill assigns a valuation rating of 1 / 10 to FORGE GLOBAL HOLDINGS INC (FRGE). This can be considered as Overvalued.


Can you provide the profitability details for FORGE GLOBAL HOLDINGS INC?

FORGE GLOBAL HOLDINGS INC (FRGE) has a profitability rating of 1 / 10.