FGI Industries Ltd (FGI) AI Stock Analysis

• Market Cap: $9.76M
• Dividend Yield: N/A
• Average Volume (3M): 1.45M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.25
• Revenue Growth: 12.30%
• EPS Growth: -499.54%
• Country: US
• Employees: 420
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): -0.61
• Shares Outstanding: 1,918,311
• 10 Day Avg. Volume: 70,653
• 30 Day Avg. Volume: 1,452,852
• PEG Ratio: 0.11
• Price to Book (P/B): 1.67
• Price to Sales (P/S): 0.28
• P/FCF Ratio: -3.85
• Enterprise Value/Market Cap: 2.84
• Enterprise Value/Revenue: 0.20
• Enterprise Value/Gross Profit: 0.78
• Enterprise Value/Ebitda: -32.42
• 1Y Price Target: $4.50
• Price Target Upside: -11.59% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 50 Neutral
• Price Target: $5.00 ▼(-1.77% Downside)

FGI Industries Ltd's overall stock score reflects significant financial challenges, including declining profitability and high leverage. Technical analysis shows some positive momentum, but valuation concerns persist due to a negative P/E ratio. The earnings call highlighted mixed results, with strategic initiatives offering some optimism amid ongoing financial pressures.

Positive Factors

Revenue Growth

The 5.5% YoY revenue growth indicates resilience and potential for market expansion, suggesting that FGI's products are gaining traction despite economic challenges.

Geographic Revenue Expansion

Strong growth in Europe and Canada highlights successful international expansion, diversifying revenue streams and reducing dependence on the U.S. market.

Strategic Initiatives and Geographic Expansion

Strategic initiatives and expansion into new markets like Europe and India position FGI for long-term growth, leveraging new opportunities and mitigating regional risks.

Negative Factors

Gross Profit and Margin Decline

Declining gross profit and margins due to tariffs indicate cost pressures that could hinder profitability, affecting FGI's ability to reinvest in growth.

Operating Loss Increase

Increased operating losses reflect challenges in managing costs, which could strain financial resources and impact FGI's operational flexibility.

Impact of Tariffs

Tariff-related uncertainties pose risks to FGI's supply chain and pricing strategies, potentially affecting long-term competitiveness and market positioning.

FGI Industries Ltd Business Overview & Revenue Model

Company Description

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, and Europe. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names. It sells its products through mass retail centers, wholesale and commercial distributors, online retailers, independent dealers, and distributors. The company was incorporated in 2021 and is headquartered in East Hanover, New Jersey. FGI Industries Ltd. is a subsidiary of Foremost Groups Ltd.

How the Company Makes Money

FGI Industries Ltd generates revenue primarily through the sale of its kitchen and bath products to retailers, wholesalers, and direct consumers. The company leverages its extensive distribution network to reach diverse markets, ensuring a broad customer base. Key revenue streams include the sale of branded and private label products, along with strategic partnerships with home improvement retailers and e-commerce platforms. These partnerships help expand their market reach and drive sales. Additionally, FGI may engage in contract manufacturing for other brands, contributing to its overall earnings.

FGI Industries Ltd Financial Statement Overview

Summary

FGI Industries Ltd faces challenges with declining profitability and high leverage, as reflected in its income statement and balance sheet. The cash flow situation is concerning, with negative cash flows and inconsistent growth. While there are some positive aspects, such as revenue growth, the overall financial health is under pressure, warranting cautious optimism.

Income Statement

FGI Industries Ltd has shown a declining trend in profitability with negative net profit margins and EBIT margins in the TTM period. The revenue growth rate is positive, indicating some recovery, but the overall profitability remains a concern. Historical data shows fluctuating revenue growth and decreasing margins, impacting the score negatively.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio, indicating significant leverage, which poses a risk. The return on equity has turned negative in the TTM period, reflecting poor profitability. However, the equity ratio remains relatively stable, providing some balance to the financial structure.

Cash Flow

Cash flow analysis reveals negative operating and free cash flows in the TTM period, with a significant decline in free cash flow growth. The free cash flow to net income ratio is high, indicating cash flow issues relative to earnings. Historical trends show inconsistent cash flow performance, contributing to a lower score.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	135.90M	131.82M	117.24M	161.72M	181.94M	134.83M
Gross Profit	35.66M	35.43M	32.08M	31.51M	32.20M	28.40M
EBITDA	-853.99K	2.14M	4.16M	5.36M	9.57M	6.48M
Net Income	-2.81M	-1.20M	733.60K	3.68M	7.91M	4.73M
Balance Sheet
Total Assets	71.70M	75.46M	65.74M	60.37M	69.15M	45.15M
Cash, Cash Equivalents and Short-Term Investments	2.52M	4.56M	7.78M	10.07M	3.88M	4.02M
Total Debt	25.01M	27.72M	22.23M	19.19M	22.86M	20.52M
Total Liabilities	51.43M	53.90M	41.72M	37.62M	61.60M	43.62M
Stockholders Equity	21.28M	22.25M	24.18M	22.74M	7.55M	1.53M
Cash Flow
Free Cash Flow	-1.67M	-9.63M	447.08K	-83.96K	-3.28M	5.72M
Operating Cash Flow	-101.87K	-7.43M	1.39M	980.26K	-3.22M	5.80M
Investing Cash Flow	-1.65M	-2.88M	-942.61K	-1.06M	-51.89K	-76.53K
Financing Cash Flow	2.87M	7.54M	-2.84M	7.01M	3.32M	-4.25M

FGI Industries Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.09
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FGI, the sentiment is Positive. The current price of 5.09 is below the 20-day moving average (MA) of 6.39, above the 50-day MA of 5.03, and above the 200-day MA of 3.97, indicating a neutral trend. The MACD of 0.07 indicates Positive momentum. The RSI at 50.24 is Neutral, neither overbought nor oversold. The STOCH value of 23.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FGI.

FGI Industries Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BSET	66 Neutral	$134.45M	17.33	4.70%	5.17%	-2.74%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
CRWS	55 Neutral	$30.11M	13.58	-22.90%	11.07%	-0.24%	-336.30%
FGI	50 Neutral	$9.76M	―	-12.48%	―	12.30%	-499.54%
HOFT	46 Neutral	$93.53M	―	-6.33%	10.66%	-6.46%	-1110.82%
NTZ	46 Neutral	$30.84M	―	-30.18%	―	-5.41%	-21.60%
NVFY	42 Neutral	$184.56M	―	-126.29%	―	-0.01%	77.86%

FGI Industries Ltd Corporate Events

FGI Industries Regains Nasdaq Compliance

On August 14, 2025, FGI Industries Ltd. announced that it has regained compliance with the Nasdaq’s minimum bid price requirement, ensuring its continued listing on the Nasdaq Capital Market. This development indicates that the company meets all necessary listing standards, which could positively impact its market perception and investor confidence.

The most recent analyst rating on (FGI) stock is a Buy with a $2.00 price target. To see the full list of analyst forecasts on FGI Industries Ltd stock, see the FGI Stock Forecast page.