Fbs Global Ltd. (FBGL) intrinsic value & 10-year financials
Fbs Global Ltd. (FBGL) has a Graham intrinsic value of SGD 0.33 per share. Over the last 6 fiscal years revenue grew 15.4% a year to SGD 25.9M, with an average return on invested capital of -35.1%.
- Graham intrinsic value
- SGD 0.33
- Revenue (FY2025)
- SGD 25.9M
- Revenue growth (6-yr CAGR)
- 15.4%
- ROIC (10-yr avg)
- -35.1%
- Free cash flow (FY2025)
- -SGD 4.2M
FBGL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | SGD 25.9M | -SGD 1.5M | -SGD 0.15 | -SGD 4.2M | -7.5% | -46.4% |
| FY2024 | SGD 13.8M | -SGD 610.8K | -SGD 0.07 | -SGD 197.2K | -7.0% | -94.6% |
| FY2023 | SGD 21.8M | SGD 3.5K | SGD 0.00 | SGD 3.6M | -0.2% | -1.5% |
| FY2022 | SGD 16.8M | SGD 50.8K | SGD 0.01 | -SGD 537.5K | 0.4% | 2.0% |
| FY2021 | — | — | — | — | — | — |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in SGD.
Executive summary
FBS Global Ltd revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
FBS Global Ltd has historically struggled to out-earn its cost of capital, averaging just -35.1% ROIC.
FBS Global Ltd capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, FBS Global Ltd is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.33 per share.