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FGI Industries ltd. supplies bath and kitchen products retail, wholesale, commercial and specialty channel customers in the United States, Canada, Europe, and internationally. The company offers 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 under the Foremost brand name. It also provides shower related products which include shower walls, doors, and basins under the Craft + Main and Jetcoat brand names; and customer kitchen cabinetry and other accessory items under the Covered Bridge Cabinetry and Craft + Main brand names, as well as products under the avenue, contrac, Jetcoat, and rosenberg brand names. It sells its products through home center retailers, online retailers, distributors, and independent dealers. The company was incorporated in 2021 and is headquartered in East Hanover, New Jersey. FGI Industries Ltd. is a subsidiary of Foremost Groups Ltd.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
FGI Industries Ltd (FGI.US) is a NASDAQ-listed small-cap for which public disclosures and analyst coverage are limited, so its exact business lines are not well-documented. Long-term growth will depend on management execution, scaling sales or operations, and clarity of strategic direction. Investors may find the stock interesting as an underfollowed issuer that could benefit from improved transparency and consistent revenue growth.
Primary risks include limited transparency and liquidity, execution and financial risk, concentrated customer or market exposure, and potential regulatory or sector headwinds investors should monitor.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -4.34M | -2.28M | 1.39M | 4.54M | 8.87M |
| Minority interest | 0.99M | 0.53M | 0.15M | - | - |
| Net income | -6.14M | -1.20M | 0.73M | 3.68M | 7.91M |
| Selling general administrative | 11.11M | 10.20M | 8.42M | 7.83M | 6.19M |
| Selling and marketing expenses | 25.13M | 25.63M | 19.97M | 17.53M | 17.64M |
| Gross profit | 35.25M | 35.43M | 32.08M | 31.51M | 32.20M |
| Reconciled depreciation | 2.91M | 3.18M | 0.17M | 0.22M | 0.29M |
| Ebit | -2.40M | -1.04M | 2.14M | 5.09M | 7.72M |
| Ebitda | 0.50M | 2.14M | 4.16M | 5.36M | 9.57M |
| Depreciation and amortization | 2.91M | 3.18M | 2.02M | 0.27M | 1.84M |
| Operating income | -2.40M | -2.10M | 2.30M | 5.09M | 7.72M |
| Other operating expenses | 132.93M | 133.92M | 114.94M | 156.63M | 174.22M |
| Interest expense | 1.33M | 1.25M | 0.75M | 0.60M | 0.41M |
| Tax provision | 2.79M | -0.55M | 0.43M | 0.86M | 0.96M |
| Interest income | 0.01M | 0.01M | 0.01M | 0.00M | 0.04M |
| Net interest income | -1.33M | -1.24M | -0.75M | -0.60M | -0.37M |
| Income tax expense | 2.79M | -0.55M | 0.81M | 0.86M | 0.96M |
| Total revenue | 130.53M | 131.82M | 117.24M | 161.72M | 181.94M |
| Total operating expenses | 37.65M | 37.53M | 29.77M | 26.42M | 24.48M |
| Cost of revenue | 95.28M | 96.39M | 85.16M | 130.21M | 149.74M |
| Total other income expense net | -1.94M | -0.18M | -0.92M | -0.55M | 1.14M |
| Net income from continuing ops | -7.13M | -1.73M | 0.84M | 3.68M | 7.91M |
| Net income applicable to common shares | - | - | - | - | 7.91M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 69.54M | 75.46M | 65.74M | 60.37M | 69.15M |
| Intangible assets | 1.73M | 1.85M | 0.10M | 0.04M | 0.04M |
| Other current assets | 20.50M | 14.09M | 12.22M | 4.67M | 1.55M |
| Total liab | 53.93M | 53.90M | 41.72M | 37.62M | 61.60M |
| Total stockholder equity | 17.28M | 22.25M | 24.18M | 22.74M | 7.55M |
| Other current liab | 5.61M | 5.91M | 4.04M | 3.61M | 6.73M |
| Common stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Capital stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Retained earnings | -2.93M | 3.21M | 4.41M | 3.68M | 7.91M |
| Other assets | - | - | - | - | 4.47M |
| Cash | 1.90M | 4.56M | 7.78M | 10.07M | 3.88M |
| Total current liabilities | 43.91M | 42.54M | 28.04M | 29.78M | 54.72M |
| Current deferred revenue | - | - | 0.19M | - | - |
| Net debt | 21.68M | 23.17M | 14.45M | 9.12M | 18.97M |
| Short term debt | 13.57M | 16.37M | 8.56M | 11.34M | 15.97M |
| Short long term debt | 11.87M | 14.50M | 6.96M | 9.80M | 14.66M |
| Short long term debt total | 23.58M | 27.72M | 22.23M | 19.19M | 22.86M |
| Other stockholder equity | 21.61M | 21.28M | 20.88M | 20.46M | 7.55M |
| Property plant equipment | - | - | - | - | 8.48M |
| Total current assets | 51.54M | 52.90M | 46.11M | 45.89M | 56.16M |
| Net tangible assets | - | - | - | - | 7.51M |
| Net receivables | 13.85M | 20.29M | 16.20M | 19.94M | 29.47M |
| Inventory | 15.29M | 13.96M | 9.92M | 13.29M | 21.26M |
| Accounts payable | 24.74M | 20.24M | 15.26M | 14.82M | 32.01M |
| Accumulated other comprehensive income | -1.40M | -2.24M | -1.11M | -1.40M | - |
| Non currrent assets other | 1.16M | 1.59M | 1.25M | 2.09M | 2.99M |
| Non current assets total | 17.99M | 22.56M | 19.63M | 14.48M | 12.99M |
| Capital lease obligations | 11.71M | 13.22M | 15.27M | 9.39M | 8.20M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -2.88M | 0.01M | -1.06M | -0.05M |
| Change to liabilities | - | - | - | 0.00M | 12.50M |
| Total cashflows from investing activities | -1.02M | -2.88M | -0.94M | - | -0.05M |
| Net borrowings | -2.63M | 7.54M | -2.84M | - | 5.26M |
| Total cash from financing activities | -2.63M | 7.54M | -2.84M | 7.01M | 3.32M |
| Change to operating activities | - | - | - | -5.17M | -1.35M |
| Net income | -6.14M | -1.73M | 0.73M | 3.68M | 7.91M |
| Change in cash | -2.66M | -3.22M | -2.29M | 6.18M | -0.13M |
| Begin period cash flow | 4.56M | 7.78M | 10.07M | 3.88M | 4.02M |
| End period cash flow | 1.90M | 4.56M | 7.78M | 10.07M | 3.88M |
| Total cash from operating activities | 0.67M | -7.43M | 1.39M | 0.98M | -3.22M |
| Issuance of capital stock | - | - | 0.00M | 12.37M | - |
| Depreciation | 2.91M | 3.18M | 2.02M | 0.22M | 0.29M |
| Other cashflows from investing activities | -0.13M | -0.67M | -0.10M | - | - |
| Dividends paid | - | - | - | - | 1.95M |
| Change to inventory | -1.33M | -4.03M | 3.37M | 7.97M | -12.96M |
| Change to account receivables | 6.27M | -4.93M | -1.13M | 13.49M | -11.12M |
| Other cashflows from financing activities | -2.63M | 7.54M | -0.94M | -0.50M | 3.32M |
| Change to netincome | - | - | - | -0.83M | 0.87M |
| Capital expenditures | 0.89M | 2.21M | 0.94M | 1.06M | 0.06M |
| Change in working capital | 1.37M | -7.51M | -1.13M | -2.09M | -12.28M |
| Stock based compensation | 0.33M | 0.40M | 0.42M | 0.38M | 0.67M |
| Other non cash items | 0.08M | -0.26M | -0.74M | -1.43M | 0.41M |
| Free cash flow | -0.21M | -9.63M | 0.45M | -0.08M | -3.28M |
Sector: Consumer Cyclical Industry: Furnishings, Fixtures & Appliances
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| FGI FGI Industries Ltd |
-0.03 0.34% |
7.33 | - | 3.07 | 0.17 | 1.09 | 0.31 | 103.24 |
| MGCLY Midea Group Co., Ltd. |
0.24 1.92% |
12.76 | 14.58 | 12.58 | 0.21 | 3.06 | 1.38 | 9.81 |
| HSHCY Haier Smart Home Co. Ltd |
0.01 0.09% |
10.80 | 9.24 | 8.53 | 0.08 | 1.39 | 0.59 | 5.39 |
| HRSHF Haier Smart Home Co. Ltd |
0.19 7.14% |
2.85 | 8.97 | 8.35 | 0.08 | 1.36 | 0.58 | 5.38 |
| SN SharkNinja, Inc. |
3.91 1.75% |
226.86 | 34.59 | 23.26 | 3.41 | 8.40 | 3.48 | 22.40 |
FGI Industries ltd. supplies bath and kitchen products retail, wholesale, commercial and specialty channel customers in the United States, Canada, Europe, and internationally. The company offers 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 under the Foremost brand name. It also provides shower related products which include shower walls, doors, and basins under the Craft + Main and Jetcoat brand names; and customer kitchen cabinetry and other accessory items under the Covered Bridge Cabinetry and Craft + Main brand names, as well as products under the avenue, contrac, Jetcoat, and rosenberg brand names. It sells its products through home center retailers, online retailers, distributors, and independent dealers. The company was incorporated in 2021 and is headquartered in East Hanover, New Jersey. FGI Industries Ltd. is a subsidiary of Foremost Groups Ltd.
906 Murray Road, East Hanover, NJ, United States, 07936
973 428 0400
426
| Name | Title | Year Born |
|---|---|---|
| Mr. John Chen | Exec. Chairman | 1978 |
| Mr. David Bruce | CEO, Pres & Director | 1966 |
| Mr. Perry Lin | Chief Financial Officer | 1976 |
| Mr. Bob Kermelewicz | Exec. VP of FGI USA | 1963 |
| Ms. Jennifer Earl | Exec. VP of FGI Canada | 1975 |
| Mr. Norman Kroenke | Exec. VP of FGI Europe | 1963 |
| Mr. John Chen | Executive Chairman | 1978 |
| Mr. David Bruce | CEO, President & Director | 1966 |
| Mr. Jae M. Chung | Senior Vice President of Investor Relations & Corporate Development | 1968 |
| Mr. Bob Kermelewicz | Executive Vice President of FGI USA | 1963 |
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