Forge Innovation Development

FGNV

Real Estate - Development · Real Estate

Price

$0.01

-0.00 (-35.00%)

Market Cap

$327,529

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Share count rising — dilution

+10.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 45.6M (2020) → 50.4M (2024)

Forge Innovation Development Corp. is a small real estate services company. It focuses on property development and related services, likely working with buyers, sellers, or developers in its local market. The company operates in the real estate sector, which involves helping people buy, sell, or build properties.

The company earns money through fees and services tied to real estate transactions or development projects, which explains its high gross margin of around 89%. However, it is currently spending more than it earns at the operating level, and its deeply negative return on invested capital suggests the business is not yet profitable in a meaningful way. The biggest risk for Forge Innovation is turning its operations around — it needs to grow revenue significantly or cut costs before it can become a self-sustaining business.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-91.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

79.4%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~0 months

$0 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Forge Innovation Development has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

65.6%

Premium pricing power — 65.6% gross margin

Operating Margin

1.5%

Thin — 1.5% operating margin

ROCE

0.4%

Weak — 0.4% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

-9.0%

Shrinking sales (-9.0% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-4.4%

Burning cash (-4.4%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

2.00

Elevated debt (2.00)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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