FRGE - Forge Global Holdings, Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$33.33
DETAILS
HIGH:
$45.00
LOW:
$10.00
MEDIAN:
$45.00
CONSENSUS:
$33.33
DOWNSIDE:
25.93%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Revenue | 79.3 | 69.8 | 69.4 | 128.1 | 47.8 | 24.0 |
| Cost of Revenue | 113.7 | 0.4 | 0.5 | 3.0 | 0 | 0 |
| Gross Profit | (34.3) | 69.4 | 68.9 | 125.0 | 47.8 | 24.0 |
| Operating Expenses | ||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 4.6 | 2.5 |
| SG&A Expenses | 41.3 | 153.9 | 41.6 | 30.1 | 45.1 | 37.8 |
| Other Expenses | 6.7 | 7.0 | 162.3 | 104.7 | 5.7 | (1.6) |
| Operating Expenses | 47.9 | 160.8 | 203.9 | 134.8 | 55.4 | 38.7 |
| Operating Income | ||||||
| Operating Income | (82.3) | (91.4) | (135.0) | (9.8) | (7.6) | (14.6) |
| Interest Expense | 0 | 0 | 0 | 2.3 | 2.4 | 0.2 |
| Interest Income | 5.7 | 6.4 | 2.7 | 0 | 0 | 0 |
| Profitability | ||||||
| EBITDA | (73.0) | (81.3) | (107.5) | (3.7) | (0.3) | (13.4) |
| EBIT | (82.3) | (91.4) | (111.7) | (8.9) | (4.3) | (15.0) |
| Income Before Tax | (66.8) | (90.7) | (111.6) | (18.1) | (10.5) | (15.1) |
| Income Tax Expense | 1.1 | 0.8 | 0.3 | 0.4 | (0.8) | 0.1 |
| Net Income | (66.3) | (90.2) | (111.9) | (18.5) | (9.7) | (15.2) |
| Per Share Data | ||||||
| EPS (Basic) | -5.43 | -7.80 | -11.66 | -5.11 | -3.42 | -4.42 |
| EPS (Diluted) | -5.43 | -7.80 | -11.98 | -5.11 | -3.42 | -4.42 |
| Shares Outstanding | 12.2 | 11.6 | 9.6 | 3.6 | 3.4 | 3.4 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash & Cash Equivalents | 105.1 | 144.7 | 193.1 | 74.8 | 40.6 | 27.9 |
| Short-Term Investments | 1.1 | 7.7 | 0 | 0 | 0 | 0.1 |
| Net Receivables | 7.8 | 4.1 | 3.5 | 6.5 | 5.7 | 1.8 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 1.7 | 3.3 | 4.0 | 3.6 | 42.3 | 1.4 |
| Total Current Assets | 119.2 | 163.1 | 206.9 | 88.1 | 91.4 | 32.9 |
| Non-Current Assets | ||||||
| Property, Plant & Equipment | 8.0 | 9.5 | 6.1 | 8.4 | 9.9 | 6.6 |
| Goodwill | 120.9 | 120.9 | 133.9 | 120.9 | 121.0 | 43.9 |
| Intangible Assets | 5.5 | 9.0 | 7.6 | 19.5 | 21.0 | 9.0 |
| Long-Term Investments | 0 | 0 | 7.4 | 0 | 0 | 0 |
| Other Non-Current Assets | 9.9 | 8.2 | 9.2 | 21.0 | 15.3 | 26.0 |
| Total Non-Current Assets | 144.3 | 147.6 | 156.8 | 169.8 | 167.1 | 85.3 |
| Total Assets | 263.5 | 310.7 | 363.7 | 257.9 | 258.5 | 118.3 |
| Current Liabilities | ||||||
| Account Payables | 1.9 | 1.8 | 2.8 | 1.9 | 2.6 | 3.0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 2.5 | 8.3 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 3.7 | 15.2 | 5.1 | 25.2 | 45.9 | 8.8 |
| Total Current Liabilities | 25.1 | 24.2 | 26.4 | 38.0 | 68.4 | 28.5 |
| Non-Current Liabilities | ||||||
| Long-Term Debt | 7.4 | 5.6 | 0 | 13.5 | 16.4 | 21.7 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0.5 | 9.8 | 8.3 | 7.8 | 15.5 | 25.8 |
| Total Non-Current Liabilities | 11.6 | 18.1 | 11.9 | 26.5 | 40.8 | 52.3 |
| Total Liabilities | 36.8 | 42.3 | 38.3 | 64.5 | 109.2 | 80.8 |
| Stockholders' Equity | ||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0 | 0 | 0 |
| Retained Earnings | (347.0) | (280.6) | (190.4) | (78.6) | (60.1) | (50.3) |
| Accumulated Other Comprehensive Income | 0.6 | 0.9 | 0.7 | 0 | 0 | 0 |
| Total Stockholders' Equity | 223.6 | 263.5 | 319.4 | 193.4 | 149.3 | 37.4 |
| Total Liabilities & Equity | 263.5 | 310.7 | 363.7 | 257.9 | 258.5 | 118.3 |
| Debt Metrics | ||||||
| Total Debt | 14.6 | 10.8 | 7.4 | 24.0 | 31.3 | 36.4 |
| Net Debt | (90.6) | (133.9) | (185.7) | (50.8) | (9.3) | 8.4 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | (67.8) | (91.5) | (111.9) | (18.5) | (9.7) | (15.2) |
| Depreciation & Amortization | 9.3 | 10.1 | 10.0 | 8.2 | 4.0 | 1.6 |
| Stock-Based Compensation | 30.5 | 34.3 | 57.9 | 12.2 | 4.9 | 7.3 |
| Change in Working Capital | (4.3) | (3.6) | (14.5) | 2.7 | (2.9) | 6.5 |
| Other Non-Cash Items | (8.1) | 9.3 | (10.3) | 6.3 | 1.2 | 1.6 |
| Operating Cash Flow | (40.5) | (41.5) | (68.8) | 10.9 | (2.5) | 1.8 |
| Investing Activities | ||||||
| Capital Expenditure | (0.8) | (0.5) | (6.7) | (3.3) | (1.2) | (0.7) |
| Acquisitions | 0 | 0 | 0 | 0 | (19.2) | (44.9) |
| Purchases of Investments | 0 | (9.7) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 2.1 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 6.3 | 0 | (6.4) | 0 | (4.1) | (0.7) |
| Investing Cash Flow | 5.5 | (8.2) | (6.7) | (3.3) | (23.4) | (45.8) |
| Financing Activities | ||||||
| Net Debt Issuance | 0 | 0 | 0 | (19.4) | (2.1) | 28.5 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (4.4) | 0.1 | (15.6) | (3.4) | (0.0) | 0.1 |
| Financing Cash Flow | (3.9) | 0.1 | 192.9 | 26.6 | 39.4 | 40.1 |
| Cash Position | ||||||
| Net Change in Cash | (39.5) | (49.2) | 118.6 | 34.2 | 13.5 | (3.9) |
| Cash at Beginning | 145.8 | 195.0 | 76.4 | 42.2 | 28.7 | 32.6 |
| Cash at End | 106.3 | 145.8 | 195.0 | 76.4 | 42.2 | 28.7 |
| Free Cash Flow | (41.3) | (42.0) | (75.5) | 7.6 | (3.7) | 1.1 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 79.3 | 69.8 | 69.4 | 128.1 | 47.8 | 24.0 |
| Gross Profit | (34.3) | 69.4 | 68.9 | 125.0 | 47.8 | 24.0 |
| Operating Income | (82.3) | (91.4) | (135.0) | (9.8) | (7.6) | (14.6) |
| Net Income | (66.3) | (90.2) | (111.9) | (18.5) | (9.7) | (15.2) |
| EPS (Diluted) | -5.43 | -7.80 | -11.98 | -5.11 | -3.42 | -4.42 |
| Balance Sheet | ||||||
| Cash & Equivalents | 105.1 | 144.7 | 193.1 | 74.8 | 40.6 | 27.9 |
| Total Assets | 263.5 | 310.7 | 363.7 | 257.9 | 258.5 | 118.3 |
| Total Debt | 14.6 | 10.8 | 7.4 | 24.0 | 31.3 | 36.4 |
| Stockholders' Equity | 223.6 | 263.5 | 319.4 | 193.4 | 149.3 | 37.4 |
| Cash Flow | ||||||
| Operating Cash Flow | (40.5) | (41.5) | (68.8) | 10.9 | (2.5) | 1.8 |
| Capital Expenditure | (0.8) | (0.5) | (6.7) | (3.3) | (1.2) | (0.7) |
| Free Cash Flow | (41.3) | (42.0) | (75.5) | 7.6 | (3.7) | 1.1 |