A company still losing money with growing sales. Institutions are trimming.
Going well
Sales up 84% last year
Little debt
Watch out for
About 21 months of cash left at its current burn
Losing money
Share count growing 5.9% a year
Money moves
No insider buying or selling in the last 30 days
Institutions cut 42% from their holdings in the quarter ending June 2026 (1 bought, 6 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$2.23
Company value
$30M
Share price times all shares
Price vs sales
1.6x
No profit over the last year, so this compares value with sales instead
Cash vs value
18%
Cash as a share of company value
Debt vs value
0%
Debt as a share of company value
From FBGL's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
What the price assumes
Your guesses, our math
Move the sliders to your own view of FBGL. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$24M
Profit in 5 years$2M
Price these guesses point to$2.03-9.1% vs $2.23 todayAbout -1.9% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 7.0% a year for 5 years just to match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-23.6%
PassDebt under half of equityNot relying on borrowed money.0.01x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-7.9%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$3.1M
MissShare count not growingNot diluting owners. Falling means buybacks.+18.9% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.10.2%
Revenue
$19.1M
+84.3% vs prior year
Total debt
$95K
0.01x equity
Current ratio
1.60x
short-term assets / bills due
Free cash flow
-$3.1M
-16.2% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year. A checklist is a starting point for research, not a verdict.
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
0.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-42.4%
Institutions cut 42.4% from their holdings. 1 bought, 6 sold. 2 quarters of net selling in a row.
Shares held by institutions202K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+5.9%
Cash runwayAt last year's cash burn
16 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.0x · $95K debt
Shares outstandingLatest reported
14M
Why moderate risk
Losing money
About 16 months of cash left at its current burn
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.