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FGI Industries Ltd (FGI)


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Upturn Advisory Summary
10/21/2025: FGI (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $8.5
1 Year Target Price $8.5
2 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 1.35% | Avg. Invested days 24 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 12.30M USD | Price to earnings Ratio - | 1Y Target Price 8.5 |
Price to earnings Ratio - | 1Y Target Price 8.5 | ||
Volume (30-day avg) 2 | Beta 1.46 | 52 Weeks Range 2.29 - 12.62 | Updated Date 10/21/2025 |
52 Weeks Range 2.29 - 12.62 | Updated Date 10/21/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.49 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -2.07% | Operating Margin (TTM) -2.69% |
Management Effectiveness
Return on Assets (TTM) -3.04% | Return on Equity (TTM) -15.37% |
Valuation
Trailing PE - | Forward PE 3.07 | Enterprise Value 33386837 | Price to Sales(TTM) 0.09 |
Enterprise Value 33386837 | Price to Sales(TTM) 0.09 | ||
Enterprise Value to Revenue 0.25 | Enterprise Value to EBITDA 7.75 | Shares Outstanding 1918311 | Shares Floating 521435 |
Shares Outstanding 1918311 | Shares Floating 521435 | ||
Percent Insiders 72.82 | Percent Institutions 6.5 |
Upturn AI SWOT
FGI Industries Ltd

Company Overview
History and Background
FGI Industries Ltd. was founded to focus on the global market for bath, kitchen and other home products. It aims to supply both retail and wholesale markets.
Core Business Areas
- Bath and Kitchen Products: Designs, sources and distributes bath and kitchen products including shower enclosures, shower doors, vanity cabinets, mirrors, sinks, faucets, toilets and related accessories.
- Other Home Products: Offers a variety of other home-related products.
Leadership and Structure
The company is led by its executive management team, overseen by a board of directors. Specific details on the organizational structure can be found in the company's SEC filings and investor relations materials.
Top Products and Market Share
Key Offerings
- Shower Enclosures and Doors: FGI's shower enclosures and doors are a significant revenue driver. Market share data isn't readily available without premium sources, but the company competes with established players such as Sterling (KOH), Delta Faucet Company (MAS), and American Standard (ASZ).
- Vanity Cabinets: Vanity cabinets represent another core product category. Competition comes from companies like Foremost Groups, Kohler (KOH) and major retailers that offer private label brands.
Market Dynamics
Industry Overview
The home improvement industry is influenced by factors such as housing market trends, interest rates, and consumer spending. Demand for remodeling and new construction drives sales for FGI's products.
Positioning
FGI positions itself as a supplier of value-engineered products, targeting both retail and wholesale channels. The competitive advantage relies on efficient sourcing and distribution.
Total Addressable Market (TAM)
The TAM for the home improvement market is estimated to be in the hundreds of billions of dollars. FGI's is relatively small but poised for growth within its chosen niches of kitchen and bath.
Upturn SWOT Analysis
Strengths
- Established Distribution Network
- Diverse Product Portfolio
- Strong Sourcing Capabilities
- Focus on Value-Engineered Products
Weaknesses
- Reliance on Overseas Manufacturing
- Limited Brand Recognition Compared to Larger Competitors
- Exposure to Fluctuations in Raw Material Prices
- High Debt Load
Opportunities
- Expanding into New Geographic Markets
- Introducing Innovative Product Designs
- Increasing Online Sales Channels
- Strategic Acquisitions
Threats
- Increased Competition from Larger Players
- Economic Downturn Affecting Housing Market
- Tariffs and Trade Restrictions
- Supply Chain Disruptions
Competitors and Market Share
Key Competitors
- KOH
- MAS
- ASZ
Competitive Landscape
FGI competes with both large and small players in the home improvement industry. Its advantages lie in its diverse product portfolio and sourcing capabilities. Its disadvantages are its smaller size and limited brand recognition.
Major Acquisitions
Stonewood Bath Cabinetry
- Year: 2020
- Acquisition Price (USD millions): 13
- Strategic Rationale: Expands FGI's product offerings in the bath cabinetry market.
Growth Trajectory and Initiatives
Historical Growth: Historical growth analysis requires prior years' financial statements.
Future Projections: Future projections are based on analyst estimates but require a review of current reports.
Recent Initiatives: Recent strategic initiatives involves review of SEC filings.
Summary
FGI Industries Ltd. is a growing company in the home improvement sector, focusing on bath and kitchen products. Its strengths lie in its distribution network and product diversity, but it faces challenges from larger competitors and supply chain risks. Expansion into new markets and product innovation represent key opportunities. The company's financial health is contingent on its ability to manage costs and maintain competitive pricing.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Industry Reports
- Analyst Reports (where available)
Disclaimers:
The information provided is based on available data and is for informational purposes only. It should not be considered financial advice. Market share data is estimated and may not be precise. Financial figures require access to official financial statements.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About FGI Industries Ltd
Exchange NASDAQ | Headquaters East Hanover, NJ, United States | ||
IPO Launch date 2022-01-25 | CEO & Director Mr. David Bruce | ||
Sector Consumer Cyclical | Industry Furnishings, Fixtures & Appliances | Full time employees 420 | Website https://www.fgi-industries.com |
Full time employees 420 | Website https://www.fgi-industries.com |
FGI Industries ltd. supplies bath and kitchen products retail, wholesale, commercial and specialty channel customers in the United States, Canada, Europe, and internationally. The company offers sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems under the Foremost brand name. It also provides shower related products which include shower walls, doors, and basins under the Craft + Main and Jetcoat brand names; and customer kitchen cabinetry and other accessory items under the Covered Bridge Cabinetry and Craft + Main brand names, as well as products under the avenue, contrac, Jetcoat, and rosenberg brand names. It sells its products through home center retailers, online retailers, distributors, and independent dealers. The company was incorporated in 2021 and is headquartered in East Hanover, New Jersey. FGI Industries Ltd. is a subsidiary of Foremost Groups Ltd.

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