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FGI Industries Ltd. (FGI)

USD4.71 -0.03 (-0.63%)
US NASDAQ Industrials Industrial - Distribution
Address 906 Murray Road 7936
East Hanover, NJ, US
CEO David Bruce
IPO 2022-01-21
CIK 1864943 ISIN KYG3302D2024

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Also trades on NASDAQ Capital Market · FGI (USD) NASDAQ Capital Market · FGIWW (USD)
Description

FGI Industries Ltd. engages in the supply of kitchen and bath products. Its products fall under the following categories: Sanitaryware, Bath Furniture, Shower Systems and Other. The Sanitaryware category offers bath products such as toilets, sinks, pedestals and toilet seats. The Bath Furniture category deals with wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry and medicine cabinets, and other storage systems. The Shower Systems category includes a range of shower-related products such as shower walls, shower doors and shower basins. The Others category includes shower door and shower systems products, custom kitchen cabinetry, and other accessory items. The company was founded on May 26, 2021 and is headquartered in East Hanover, NJ.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD4.71 -0.03 (-0.63%)
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Volume Profile
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Liquidity & share structure
Average Volume
138.9K
Beta
2.17
Float Shares
525.2K
Free Float %
27.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-10.68% -21.32% +37.18% -4.80% +6.15% -6.14% +93.14% -39.20% -72.56% -72.56% -72.56%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (2 ratings, all time) Buy
Price Targets & DCF
Current price
4.71
DCF (Unlevered) 43.86 +831.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.92
Grey zone
Piotroski F-Score
3 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Industrial - Distribution: +4.8%
    -1.0% Q1'26: -8.2% (vs Q1'25)
  • EPS growth Industrial - Distribution: +8.9%
    -2,361.5% Q1'26: -614.3% (vs Q1'25)
  • FCF margin FCF growth · Industrial - Distribution: +12.0%
    -2.4% Q1'26: -1.3% (vs Q1'25)
  • EBIT margin Industrial - Distribution: +5.8%
    -1.8% Q1'26: +0.0% (vs Q1'25)
  • ROIC Industrial - Distribution: +7.4%
    -6.4% Q1'26: +0.0% (vs Q1'25)
  • Share dilution Industrial - Distribution: +0.0%
    -80.0% Q1'26: -79.9% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Industrial - Distribution: 0.84×
    46.78× Q1'26: -8.84× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (2.23) × ERP
WACC = 32% × Ke + 68% × Kd (5.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 43.98 Current price: 4.71
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Sep 2021
actual
Sep 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
181.94M
est: 175.91M (+3.4%)
161.72M
est: 165.61M (-2.4%)
117.24M
est: 121.01M (-3.1%)
131.82M
est: 129.30M (+1.9%)
130.53M
est: 135.58M (-3.7%)
137.49M
137.48M – 137.49M
+1.4% YoY
145.81M
145.80M – 145.81M
+6.1% YoY
EBITDA
9.57M
est: 4.97M (+92.5%)
5.36M
est: 4.68M (+14.6%)
4.16M
est: 3.42M (+21.5%)
2.14M
est: 3.65M (-41.4%)
504.1K
est: 3.83M (-86.8%)
3.88M
3.88M – 3.88M
+1.4% YoY
4.12M
4.12M – 4.12M
+6.1% YoY
EBIT
9.28M
est: 2.63M (+252.8%)
5.14M
est: 2.48M (+107.6%)
2.14M
est: 1.81M (+18.1%)
-1.04M
est: 1.93M (-153.5%)
-2.40M
est: 2.03M (-218.5%)
2.06M
2.06M – 2.06M
+1.4% YoY
2.18M
2.18M – 2.18M
+6.1% YoY
Net Income
7.91M
est: 5.75M (+37.4%)
3.68M
est: 3.74M (-1.6%)
733.6K
est: 140.4K (+422.4%)
-1.20M
est: -863.1K (-39.2%)
-6.14M
est: -2.98M (-105.8%)
-354.8K
-354.9K – -354.8K
+88.1% YoY
767.2K
767.2K – 767.3K
+316.2% YoY
SGA
23.83M
est: 37.98M (-37.2%)
25.36M
est: 35.75M (-29.1%)
28.40M
est: 26.13M (+8.7%)
35.83M
est: 27.91M (+28.3%)
36.24M
est: 29.27M (+23.8%)
29.68M
29.68M – 29.68M
+1.4% YoY
31.48M
31.48M – 31.48M
+6.1% YoY
EPS
0.83
est: 3.00 (-72.3%)
0.39
est: 1.95 (-80.0%)
0.08
est: 0.07 (+5.2%)
-0.13
est: -0.45 (+71.1%)
-3.20
est: -1.56 (-105.8%)
-0.19
-0.19 – -0.18
+88.1% YoY
0.40
0.40 – 0.40
+316.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-11 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-08 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-07 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-06 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-05 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-04 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-01 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-30 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-29 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-28 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-27 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-24 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-23 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-22 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-21 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-20 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-17 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-16 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-302.0K
OE per share TTM
0.59
Owner's Yield
-2.74%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
8.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
1
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 2 6.82M 72.00% 6.82M 6.82M CO United States 2022-01-27

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 ADVISOR GROUP HOLDINGS, INC. -1.5K (-100.0%) -960.0 (-100.0%) 0.00% -0.016 pp 0.00% +0.000 pp USD 15 qtrs SOLD
2 BANK OF AMERICA CORP /DE/ -18.0 (-100.0%) -12.0 (-100.0%) 0.00% 0.000 pp 0.00% +0.000 pp USD 9 qtrs SOLD
3 FIRST WILSHIRE SECURITIES MANAGEMENT INC -555.2K (-100.0%) -359.2K (-100.0%) 0.00% -5.792 pp 0.00% -0.098 pp USD 15 qtrs SOLD
4 SUSQUEHANNA INTERNATIONAL GROUP, LLP -17.6K (-100.0%) -11.4K (-100.0%) 0.00% -0.183 pp 0.00% +0.000 pp USD 2 qtrs SOLD
5 TOWER RESEARCH CAPITAL LLC (TRC) -4.8K (-100.0%) -3.1K (-100.0%) 0.00% -0.050 pp 0.00% 0.000 pp USD 15 qtrs SOLD
6 TWO SIGMA SECURITIES, LLC -11.6K (-100.0%) -7.5K (-100.0%) 0.00% -0.121 pp 0.00% -0.001 pp USD 2 qtrs SOLD
7 VANGUARD GROUP INC -24.6K (-100.0%) -15.9K (-100.0%) 0.00% -0.256 pp 0.00% +0.000 pp USD 15 qtrs SOLD
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 3 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Dimensional - US Core Equity 1 ETF DCOR 0.00% 2.5K 0.14%
2 Vanguard Extended Market ETF VXF 0.00% 21.0K 0.05%
3 Dimensional - US Core Equity 2 ETF DFAC 0.00% 6.8K 0.17%

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Buys
2
Sells
0
Shares acquired
11.4K
Shares disposed
Cash buys
Cash sales
Net activity
+11,444
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2025-03-28 Chen John Shu-Nan Director / Officer A-Award A Common Stock 37,037 0.00 63,787 D
2025-03-28 Bruce David E. Director / Officer A-Award A Common Stock 37,037 0.00 70,037 D
2024-04-01 Apte Anagha 0 0.00 0
2024-03-20 Kermelewicz Robert Officer A-Award A Employee Stock Option (right to buy) 5,808 2.08 12.1K 5,808
2024-03-20 Earl Jennifer Officer A-Award A Employee Stock Option (right to buy) 5,636 2.08 11.7K 5,636
2023-03-23 Lin Perry A-Award A Employee Stock Option (right to buy) 38,759 2.26 87.6K 38,759
2023-03-23 Chen John Shu-Nan A-Award A Employee Stock Option (right to buy) 48,449 2.26 109.5K 48,449
2023-03-23 Bruce David E. A-Award A Employee Stock Option (right to buy) 72,673 2.26 164.2K 72,673
2022-11-02 Heysse Todd M. Director P-Purchase A Common Stock 1,300 2.93 3.8K 84,171
2022-11-01 Heysse Todd M. Director P-Purchase A Common Stock 2,885 2.85 8.2K 82,871
2022-10-31 Heysse Todd M. Director P-Purchase A Common Stock 2,885 2.73 7.9K 79,986
2022-10-28 Heysse Todd M. Director P-Purchase A Common Stock 2,696 2.75 7.4K 77,101
2022-10-27 Heysse Todd M. Director P-Purchase A Common Stock 2,696 2.55 6.9K 74,405
2022-10-26 Heysse Todd M. Director P-Purchase A Common Stock 1,086 2.54 2.8K 71,709
2022-10-25 Heysse Todd M. Director P-Purchase A Common Stock 2,696 2.34 6.3K 70,623
2022-10-24 Heysse Todd M. Director P-Purchase A Common Stock 200 2.32 464.00 67,927
2022-10-21 Heysse Todd M. Director P-Purchase A Common Stock 520 2.30 1.2K 67,727
2022-10-20 Heysse Todd M. Director P-Purchase A Common Stock 3,147 2.24 7.1K 67,207
2022-10-18 Heysse Todd M. Director P-Purchase A Common Stock 1,665 2.23 3.7K 64,060
2022-10-17 Heysse Todd M. Director P-Purchase A Common Stock 1,000 2.15 2.1K 62,395
2022-10-14 Heysse Todd M. Director P-Purchase A Common Stock 819 2.12 1.7K 61,395
2022-10-13 Heysse Todd M. Director P-Purchase A Common Stock 700 2.26 1.6K 60,576
2022-10-11 Heysse Todd M. Director P-Purchase A Common Stock 3,959 2.36 9.4K 59,876
2022-10-10 Heysse Todd M. Director P-Purchase A Common Stock 1,034 2.11 2.2K 55,917
2022-10-07 Heysse Todd M. Director P-Purchase A Common Stock 1,845 2.21 4.1K 54,883
2022-10-06 Heysse Todd M. Director P-Purchase A Common Stock 1,478 2.33 3.4K 53,038
2022-10-05 Heysse Todd M. Director P-Purchase A Common Stock 2,730 2.35 6.4K 51,560
2022-10-04 Heysse Todd M. Director P-Purchase A Common Stock 3,834 2.34 9.0K 48,830
2022-10-03 Heysse Todd M. Director P-Purchase A Common Stock 325 2.28 742.24 44,996
2022-09-30 Heysse Todd M. Director P-Purchase A Common Stock 474 2.25 1.1K 44,671
2022-03-30 Weir Kellie Z. Director A-Award A Stock Option (right to buy) 9,695 0.00 9,695
2022-03-30 Lin Perry Director / Officer A-Award A Stock Option (right to buy) 18,890 0.00 18,890
2022-03-30 Heysse Todd M. Director A-Award A Stock Option (right to buy) 9,695 0.00 9,695
2022-03-30 Chung Myong Jae Director A-Award A Stock Option (right to buy) 9,695 0.00 9,695
2022-03-30 Chen John Shu-Nan Director A-Award A Stock Option (right to buy) 23,375 0.00 23,375
2022-03-30 Bruce David E. Director / Officer A-Award A Stock Option (right to buy) 27,397 0.00 27,397
2022-01-24 Weir Kellie Z. Director 0 0.00 0
2022-01-24 Lin Perry Officer 0 0.00 0
2022-01-24 Kroenke Norman Officer 0 0.00 0
2022-01-24 Kermelewicz Robert Officer 0 0.00 0
2022-01-24 Heysse Todd M. Director 0 0.00 0
2022-01-24 Foremost Groups Ltd 10% Owner D Common Stock 0 0.00 6,816,250
2022-01-24 Earl Jennifer Officer 0 0.00 0
2022-01-24 Chung Myong Jae Director 0 0.00 0
2022-01-24 Chen John Shu-Nan Director / Officer 0 0.00 0
2022-01-24 Bruce David E. Director / Officer 0 0.00 0
2008-02-06 McLean John E 0 0.00 0
2005-12-30 Swift Christopher Director 0 0.00 0
2005-12-01 EISENSTAT SAMUEL M Director 0 0.00 0
2005-11-02 Gilchrist Corydon J Other D Common Stock 0 0.00 0
2005-11-02 EISENSTAT SAMUEL M Officer 0 0.00 0
2005-10-26 WINTROB JAY S Director 0 0.00 0
2005-10-26 SHEA WILLIAM J Director 0 0.00 0
2005-10-26 Gannon Francis 0 0.00 0

Executive team

Top executives
EBIT / Employee
-5.7K
Shares Outstanding
1.93M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-04-30 DEF 14A
2025-04-28 DEF 14A
2025-04-18 PRE 14A
2024-04-29 DEF 14A
2023-04-27 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-04-30 DEF 14A
2026-04-23 8-K
2026-04-10 10-K
2026-04-09 8-K
2026-04-02 8-K
2026-03-31 NT 10-K
2026-02-11 SC 13G/A
2025-11-14 8-K
2025-11-14 10-Q
2025-08-15 8-K

Executive team

NameTitleCompensationGender
David Bruce Chief Executive Officer & Director 342.2K male
Robert Kermelewicz Sales Director 287.2K male
John Chen Executive Chairman 220.4K male
Jae Chung Chief Financial Officer 16.2K male
Jennifer Earl President of FGI North America female
Norman Kroenke Executive Vice President of FGI Europe male
ESG Rating
B
FURNISHINGS, FIXTURES & APPLIANCES
Rank: 22 out of 32
2025
E (Environmental)
68.6 / 58.4
Company / Sector avg.
S (Social)
80.2 / 66.2
Company / Sector avg.
G (Governance)
57.0 / 62.9
Company / Sector avg.
ESG Total
68.6 / 62.5
Company / Sector avg.
ESG Score History FURNISHINGS, FIXTURES & APPLIANCES
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits