Latest Ratios: P/E Ratio 0.0x · EV/EBITDA N/A · ROE 65.5%. (2021–2023 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Market Cap | — | — | — | — |
| Enterprise Value | — | — | — | — |
| P/E Ratio → | 0.00 | — | — | — |
| P/S Ratio | — | — | — | — |
| P/B Ratio | 0.00 | — | — | — |
| P/FCF | — | — | — | — |
| P/OCF | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| EV / Revenue | — | — | — | — |
| EV / EBITDA | — | — | — | — |
| EV / EBIT | — | — | — | — |
| EV / FCF | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Gross Margin | 78.5% | 78.5% | 75.5% | 45.4% |
| Operating Margin | 37.6% | 37.6% | 45.5% | -19.5% |
| Net Profit Margin | 33.2% | 33.2% | 39.8% | -11.2% |
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ROE | 65.5% | 65.5% | 142.6% | -76.0% |
| ROA | 34.4% | 34.4% | 64.3% | -33.7% |
| ROIC | 95.7% | 95.7% | 135.6% | -129.6% |
| ROCE | 73.8% | 73.8% | 161.6% | -124.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Debt / Equity | 0.54 | 0.54 | 1.14 | 0.34 |
| Debt / EBITDA | 0.96 | 0.96 | 1.20 | — |
| Net Debt / Equity | — | -0.59 | -0.07 | -0.24 |
| Net Debt / EBITDA | -1.06 | -1.06 | -0.08 | — |
| Debt / FCF | — | -1.62 | -0.07 | — |
| Interest Coverage | — | — | — | — |
Net cash position: cash ($16M) exceeds total debt ($8M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Current Ratio | 1.88 | 1.88 | 1.81 | 0.78 |
| Quick Ratio | 1.88 | 1.88 | 1.81 | 0.78 |
| Cash Ratio | 1.52 | 1.52 | 1.01 | 0.48 |
| Asset Turnover | — | 0.85 | 0.95 | 3.00 |
| Inventory Turnover | — | — | — | — |
| Days Sales Outstanding | — | 62.81 | 162.32 | 8.42 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Dividend Yield | — | — | — | — |
| Payout Ratio | — | — | — | — |
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Earnings Yield | — | — | — | — |
| FCF Yield | — | — | — | — |
| Buyback Yield | — | — | — | — |
| Total Shareholder Yield | — | — | — | — |
| Shares Outstanding | — | $32M | $32M | $32M |
Extreme Hong Kong Geographic Concentration
Based on reported figures, FGO maintains a robust 78.53% gross margin, which appears to reflect the high-value, low-overhead nature of its specialized restructuring consultancy and digital mortgage marketplace platform compared to traditional, capital-intensive brokerage peers operating within the Hong Kong financial services sector.
The operating margin of 37.56% suggests that the company effectively leverages its Fundergo platform to scale revenue without a proportional increase in fixed costs. Investors should monitor whether this profitability is sustainable or if it relies on non-recurring, high-fee restructuring mandates that may not repeat in future periods.
According to the company's financial statements, FGO holds approximately $16.2 million in cash, representing over 75% of trailing twelve-month revenue, which indicates a highly conservative liquidity position that may prioritize balance sheet safety over aggressive reinvestment or immediate capital distribution to shareholders.
This liquidity profile suggests the firm is well-positioned to weather potential downturns in the Hong Kong property market or regulatory shifts affecting private credit. However, the lack of capital deployment may indicate limited growth opportunities outside of their current niche or a management preference for extreme risk aversion.
As indicated by the firm's operational profile, FGO functions as an asset-light consultancy and marketplace, which suggests that capital expenditure requirements remain minimal and that the company is not burdened by the heavy maintenance capex typical of traditional industrial or property-related firms in Hong Kong.
The efficiency of this model is evidenced by the ability to generate significant revenue growth without the need for heavy physical infrastructure. This structure allows for superior return on capital potential, provided the firm can continue to attract high-quality restructuring mandates and mortgage volume.
As indicated by the company's business model, the reliance on success-based fees for restructuring initiatives may create lumpy cash flow profiles that are not fully captured in standard income statements, potentially masking volatility in the firm's underlying cash-generating capacity during periods of market stability.
Analysts often misapply traditional P/E or EV/EBITDA multiples to FGO by treating it as a standard property broker, which obscures the counter-cyclical nature of its restructuring arm. A more appropriate approach would involve adjusting for the cyclicality of success fees and evaluating the firm based on its ability to monetize financial distress rather than just transaction volume.
Includes 30+ ratios · 3 years · Updated daily
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Quick answers to the most common questions about buying FGO stock.
FG Holdings Limited Class A Ordinary Shares's current P/E ratio is 0.0x.
FG Holdings Limited Class A Ordinary Shares's return on equity (ROE) is 65.5%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 44.0%.
Based on historical data, FG Holdings Limited Class A Ordinary Shares is trading at valuation metrics that vary. Compare with industry peers and growth rates for a complete picture.
FG Holdings Limited Class A Ordinary Shares has 78.5% gross margin and 37.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
FG Holdings Limited Class A Ordinary Shares's Debt/EBITDA ratio is 1.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.