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FBGL

FBS Global Limited Ordinary Shares

FBGL

FBS Global Limited Ordinary Shares • NASDAQ
$0.66 ▼ -1.20% (-0.01)
Market Cap $8.91 M
52w High $5.45
52w Low $0.41
Dividend Yield 0%
P/E -22.01
Volume 179.07K
Outstanding Shares 13.50M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $2.984M ▼ $15.693M ▼ $11.413M ▼ $4.28M ▼
Q2-2024 $4.604M ▲ $17.693M ▼ $12.574M ▼ $5.119M ▲
Q4-2023 $4.482M ▲ $18.269M ▲ $13.174M ▲ $5.095M ▲
Q2-2023 $2.439M ▲ $16.642M ▼ $12.087M ▼ $4.555M ▼
Q4-2022 $1.89M $17.188M $12.098M $5.09M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow

Five-Year Company Overview

Income Statement

Income Statement FBGL’s income statement still looks like that of a very small, early‑stage business. Reported revenue is minimal, and there is no clear pattern of sustainable growth yet. Profitability is essentially absent, with earnings swinging between small gains and small losses over the past few years. This suggests the company is still in a build‑out and positioning phase, rather than in a mature, stable earning phase. For now, the financial story is more about potential and strategy than about proven profit generation.

Balance Sheet

Balance Sheet The balance sheet is very light, reflecting a company with a small asset base and limited financial history. There is little cash reported and no meaningful debt, which reduces financing risk but also highlights limited internal resources to fund expansion. Equity is thin, suggesting that the business does not yet have a deep capital cushion. Overall, FBGL appears financially lean and dependent on external capital raises, new projects, or improved profitability to strengthen its balance sheet over time.

Cash Flow

Cash Flow Cash flow data show no real engine of cash generation yet. Operating cash flow is essentially flat, and there is no notable investment or expansion spending reflected in the recent history. This aligns with a company that has not yet scaled operations or locked in steady project flows. In practical terms, FBGL is not currently self‑funding; its growth and execution will likely rely on capital from the IPO and future financing until the business can convert its green construction focus into consistent, cash‑producing projects.

Competitive Edge

Competitive Edge FBGL is trying to carve out a niche in green construction and eco‑focused interior fit‑outs, mainly in Singapore. This specialization aligns with rising demand for sustainable buildings and stricter environmental standards. The company also offers a mix of construction, engineering, materials supply, and waste recycling, which could appeal to clients looking for integrated, sustainability‑oriented solutions. At the same time, it operates in a crowded and mature construction market with many established players. Without clear, proven advantages in cost, quality, or technology, its green positioning is promising but still needs to be translated into a durable competitive edge and a strong project pipeline.

Innovation and R&D

Innovation and R&D FBGL’s innovation story is in its early chapters. The company talks about green building methods, sustainable materials, and eco‑conscious designs, but for now it appears mainly to be adopting known green practices rather than showcasing unique, proprietary technologies. A portion of its IPO proceeds is earmarked for research and development in green materials and methods, which could, over time, lead to differentiated products or processes. The key watchpoints will be whether this spending results in concrete innovations—such as new materials, certifications, or demonstrably better project performance—and whether FBGL can form meaningful partnerships with technology and research partners to accelerate that progress.

Summary

Overall, FBGL looks like a newly listed, niche‑focused construction company that is still very early in its financial and strategic journey. Its public appeal rests heavily on the growth of green construction and its branding around sustainability, rather than on a long track record of strong revenues or profits. The financials show a very small, lean operation with limited cash generation and a modest capital base, which creates both opportunity and risk: there is room to grow if the strategy works, but little buffer if projects or R&D initiatives take longer than expected to pay off. Over the next few years, the key will be whether FBGL can convert its green ambitions into a robust project portfolio, recognizable technical advantages, and, ultimately, a business that consistently generates healthy cash flows.