Forge Innovation Development Corp. (FGNV) intrinsic value & 10-year financials
Forge Innovation Development Corp. (FGNV) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 9 fiscal years revenue grew 72.0% a year to $668.3K, with an average return on invested capital of -25.1%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $0.00
- Market cap
- $55.4K
- Revenue (FY2024)
- $668.3K
- Revenue growth (9-yr CAGR)
- 72.0%
- ROIC (10-yr avg)
- -25.1%
- Free cash flow (FY2024)
- -$265.6K
FGNV 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | $668.3K | -$1.3M | -$0.03 | -$265.6K | — | -74.8% |
| FY2023 | $438.5K | -$920.4K | -$0.02 | -$339.9K | — | -80.7% |
| FY2022 | $122.6K | -$34.1K | $0.00 | -$39.9K | — | 39.0% |
| FY2021 | $36.0K | -$262.4K | — | -$175.7K | — | 242.7% |
| FY2020 | $36.0K | -$320.1K | — | — | — | -142.7% |
| FY2019 | $36.0K | -$283.4K | — | -$286.9K | — | -126.3% |
| FY2018 | $36.0K | -$326.1K | — | -$371.6K | — | -40.3% |
| FY2017 | $15.0K | -$304.1K | — | — | — | -36.0% |
| FY2016 | — | -$62.0K | — | — | — | -7.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
FORGE INNOVATION DEVELOPMENT CORP. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
FORGE INNOVATION DEVELOPMENT CORP. has historically struggled to out-earn its cost of capital, averaging just -51.8% ROIC.
FORGE INNOVATION DEVELOPMENT CORP. 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, FORGE INNOVATION DEVELOPMENT CORP. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-1.00 per share.