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.
  • FRGE had a negative operating cash flow in the past year.
  • In the past 5 years FRGE always reported negative net income.
  • 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 has a Return On Assets of -24.85%. This is amonst the worse of the industry: FRGE underperforms 90.34% of its industry peers.
  • FRGE has a Return On Equity of -30.90%. This is amonst the worse of the industry: FRGE underperforms 83.19% of its industry peers.
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

  • The Gross Margin of FRGE (98.98%) is better than 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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5

2. FRGE Health Analysis

2.1 Basic Checks

  • The number of shares outstanding for FRGE has been increased compared to 1 year ago.
  • The debt/assets ratio for FRGE is higher compared to a year ago.
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

  • FRGE has an Altman-Z score of 5.06. This indicates that FRGE is financially healthy and has little risk of bankruptcy at the moment.
  • FRGE has a Altman-Z score of 5.06. This is amongst the best in the industry. FRGE outperforms 84.87% of its industry peers.
  • A Debt/Equity ratio of 0.05 indicates that FRGE is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.05, FRGE belongs to the top of the industry, outperforming 81.09% of the companies in the same industry.
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.
  • Looking at the Current ratio, with a value of 2.55, FRGE is in the better half of the industry, outperforming 79.41% of the companies in the same industry.
  • A Quick Ratio of 2.55 indicates that FRGE has no problem at all paying its short term obligations.
  • FRGE has a better Quick ratio (2.55) than 79.41% of its industry peers.
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.
  • FRGE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.40%.
  • 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

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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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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.
  • Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for FRGE. No positive earnings are expected for the next year.
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 10 -10 20 30

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%

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

0

5. FRGE Dividend Analysis

5.1 Amount

  • FRGE does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

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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 NumberN/A
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.