(FRGE) Forge Global Holdings - Ratings and Ratios
Trading,Bidding,Liquidity,Marketplace,Secondary
FRGE EPS (Earnings per Share)
FRGE Revenue
Description: FRGE Forge Global Holdings
Forge Global Holdings Inc (NYSE:FRGE) is a financial services platform provider based in California, offering a range of solutions including marketplace, private company, asset management, and data solutions, as well as custody services for self-directed IRA accounts. The companys platform connects buyers and sellers of private company shares, providing liquidity and capital formation for private companies.
From a business perspective, Forge Globals revenue streams are likely generated through transaction fees, management fees, and data licensing. Key performance indicators (KPIs) to monitor include the number of transactions facilitated through the platform, revenue growth, and the number of private companies and investors on the platform. Additionally, metrics such as customer acquisition costs and retention rates will be important to track.
Given the companys focus on private markets and alternative investments, Forge Globals growth prospects are tied to the increasing demand for access to private company shares and the growing need for liquidity and capital formation. The companys data solutions and indices also provide a potential source of recurring revenue. Key metrics to watch include the companys ability to expand its user base, increase transaction volume, and develop new revenue streams.
From a financial perspective, Forge Globals negative P/E ratio and RoE indicate that the company is currently loss-making. Investors will be watching the companys path to profitability, with key metrics including revenue growth, operating expenses, and cash burn. The companys market capitalization of $230.54M USD suggests a relatively small-cap stock with potential for volatility.
FRGE Stock Overview
| Market Cap in USD | 225m |
| Sub-Industry | Application Software |
| IPO / Inception | 2021-02-01 |
FRGE Stock Ratings
| Growth Rating | -27.4% |
| Fundamental | 26.1% |
| Dividend Rating | - |
| Return 12m vs S&P 500 | -28.3% |
| Analyst Rating | 4.0 of 5 |
FRGE Dividends
Currently no dividends paidFRGE Growth Ratios
| Growth Correlation 3m | -66.4% |
| Growth Correlation 12m | 39.3% |
| Growth Correlation 5y | -86.2% |
| CAGR 5y | -11.60% |
| CAGR/Max DD 3y (Calmar Ratio) | -0.13 |
| CAGR/Mean DD 3y (Pain Ratio) | -0.25 |
| Sharpe Ratio 12m | -1.73 |
| Alpha | -48.47 |
| Beta | 2.249 |
| Volatility | 80.41% |
| Current Volume | 66.7k |
| Average Volume 20d | 63.8k |
| Stop Loss | 15.3 (-7.4%) |
| Signal | -0.69 |
Piotroski VR‑10 (Strict, 0-10) 0.5
| Net Income (-66.9m TTM) > 0 and > 6% of Revenue (6% = 5.45m TTM) |
| FCFTA -0.14 (>2.0%) and ΔFCFTA -1.06pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 82.39% (prev 147.0%; Δ -64.59pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.14 (>3.0%) and CFO -34.3m > Net Income -66.9m (YES >=105%, WARN >=100%) |
| NO Net Debt/EBITDA fails (EBITDA <= 0) |
| Current Ratio 3.98 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (12.5m) change vs 12m ago 2.42% (target <= -2.0% for YES) |
| Gross Margin -36.24% (prev -64.55%; Δ 28.32pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 34.38% (prev 27.65%; Δ 6.72pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -6.75 (EBITDA TTM -60.7m / Interest Expense TTM 10.1m) >= 6 (WARN >= 3) |
Altman Z'' -14.11
| (A) 0.31 = (Total Current Assets 100.0m - Total Current Liabilities 25.1m) / Total Assets 242.8m |
| (B) -1.56 = Retained Earnings (Balance) -379.9m / Total Assets 242.8m |
| warn (B) unusual magnitude: -1.56 — check mapping/units |
| (C) -0.26 = EBIT TTM -68.1m / Avg Total Assets 264.3m |
| (D) -8.86 = Book Value of Equity -378.7m / Total Liabilities 42.7m |
| Total Rating: -14.11 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 26.11
| 1. Piotroski 0.50pt = -4.50 |
| 2. FCF Yield -22.08% = -5.0 |
| 3. FCF Margin -38.42% = -7.50 |
| 4. Debt/Equity 0.08 = 2.50 |
| 5. Debt/Ebitda 0.67 = 2.16 |
| 6. ROIC - WACC (= -43.91)% = -12.50 |
| 7. RoE -30.82% = -2.50 |
| 8. Rev. Trend 87.01% = 6.53 |
| 9. EPS Trend -61.46% = -3.07 |
What is the price of FRGE shares?
Over the past week, the price has changed by +2.04%, over one month by +3.12%, over three months by -4.78% and over the past year by -17.14%.
Is Forge Global Holdings a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of FRGE is around 12.94 USD . This means that FRGE is currently overvalued and has a potential downside of -21.72%.
Is FRGE a buy, sell or hold?
- Strong Buy: 2
- Buy: 2
- Hold: 2
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the FRGE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 34.4 | 108.1% |
| Analysts Target Price | 34.4 | 108.1% |
| ValueRay Target Price | 15.1 | -8.9% |
Last update: 2025-10-04 03:52
FRGE Fundamental Data Overview
P/S = 2.4777
P/B = 1.1224
Beta = 2.249
Revenue TTM = 90.8m USD
EBIT TTM = -68.1m USD
EBITDA TTM = -60.7m USD
Long Term Debt = 9.60m USD (from longTermDebt, last quarter)
Short Term Debt = 4.06m USD (from shortTermDebt, last quarter)
Debt = 14.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -40.6m USD (from netDebt column, last quarter)
Enterprise Value = 158.1m USD (225.1m + Debt 14.9m - CCE 81.8m)
Interest Coverage Ratio = -6.75 (Ebit TTM -68.1m / Interest Expense TTM 10.1m)
FCF Yield = -22.08% (FCF TTM -34.9m / Enterprise Value 158.1m)
FCF Margin = -38.42% (FCF TTM -34.9m / Revenue TTM 90.8m)
Net Margin = -73.62% (Net Income TTM -66.9m / Revenue TTM 90.8m)
Gross Margin = -36.24% ((Revenue TTM 90.8m - Cost of Revenue TTM 123.8m) / Revenue TTM)
Gross Margin QoQ = -3.70% (prev -25.80%)
Tobins Q-Ratio = 0.65 (Enterprise Value 158.1m / Total Assets 242.8m)
Interest Expense / Debt = 67.94% (Interest Expense 10.1m / Debt 14.9m)
Taxrate = -1.15% (negative due to tax credits) (189.0k / -16.4m)
NOPAT = -68.9m (EBIT -68.1m * (1 - -1.15%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 3.98 (Total Current Assets 100.0m / Total Current Liabilities 25.1m)
Debt / Equity = 0.08 (Debt 14.9m / totalStockholderEquity, last quarter 196.4m)
Debt / EBITDA = 0.67 (negative EBITDA) (Net Debt -40.6m / EBITDA -60.7m)
Debt / FCF = 1.16 (negative FCF - burning cash) (Net Debt -40.6m / FCF TTM -34.9m)
Total Stockholder Equity = 217.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -27.54% (Net Income -66.9m / Total Assets 242.8m)
RoE = -30.82% (Net Income TTM -66.9m / Total Stockholder Equity 217.0m)
RoCE = -30.07% (EBIT -68.1m / Capital Employed (Equity 217.0m + L.T.Debt 9.60m))
RoIC = -30.50% (negative operating profit) (NOPAT -68.9m / Invested Capital 226.0m)
WACC = 13.41% (E(225.1m)/V(239.9m) * Re(14.30%) + (debt cost/tax rate unavailable))
Discount Rate = 14.30% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.33%
Fair Price DCF = unknown (Cash Flow -34.9m)
EPS Correlation: -61.46 | EPS CAGR: -81.44% | SUE: -3.09 | # QB: 0
Revenue Correlation: 87.01 | Revenue CAGR: 22.67% | SUE: 4.0 | # QB: 1
Additional Sources for FRGE Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle