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Forge Innovation Development Corp (FGNV) Fair Value & Analysis

Real Estate · US · Market cap $55.4K

FI Forge Innovation Development Corp logo Forge Innovation Development Corp FGNV · US
Price$0.0011
Fair Value$0.0011
Upside+0.0%
Quality22/100
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Mixed Growth
Loss-making · -119.5% net margin
High debt · negative free cash flow
Trails peers (3/10)
Narrow moat 11/100
Evidence: Low Range $0.0011 – $0.0011 Share as image

Fair value as of: Aug 17, 2026

From 1 valuation models · updated yesterday

Share price −95.1% over the past month.

Below-average quality, currently priced close to our fair value.

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

$5.00 $0.0011 Fair Value $0.0011 Sep 2018 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.

How to read this chart

60‑month range $0.0011 – $5.00 · the $0.0011 price screens below the $0.0011 fair value. Dashed = 300-day average. As of Aug 17, 2026.

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Analysis

Forge Innovation Development Corp (FGNV) currently trades at $0.0011, while our model-based Fair Value estimate is $0.0011, implying the stock looks roughly 0.0% fairly valued today. The Quality Score stands at 22/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Trailing-twelve-month revenue stands at $696K. Revenue grew 9.9% year over year. It earns a return on equity of -68.9%. Net debt stands at $5.4M. Fundamentals as of Aug 17, 2026

For context, the median of 10 Real Estate peers we cover trades at 15% fair-value upside, at 0%, FGNV screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
NCAV (Graham) $0.0100 $0.0100 $0.0200 50
All 1 models by family
Asset-Based
NCAV (Graham) $0.0100 $0.0100 $0.0200 50

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Key figures & financial health

Revenue (TTM) $696K
Revenue growth (YoY) +9.9%
Net margin -120%
Return on equity -68.9%
Free cash flow −$266K FY2024
Operating margin 1.5%
More key figures
EPS (TTM) $-0.0100
Net debt $5.4M FY2024

Figures from reported company fundamentals · as of Aug 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 22/100

Of which business quality 22 · Market factors (momentum, volatility) 9

Profitability 2
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 2
Balance sheet, leverage, solvency risk
Investment 21
Disciplined investing over empire-building
Low Volatility 20
Calm price path (market factor)
Momentum 7
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 64
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Forge Innovation Development Corp., together with its subsidiaries, focuses on commercial and residential land development business in the United States. It focuses on real estate development, land purchasing and selling, and property management activities.

Full company description

Forge Innovation Development Corp., together with its subsidiaries, focuses on commercial and residential land development business in the United States. It focuses on real estate development, land purchasing and selling, and property management activities. The company was formerly known as You-Go enterprises, LLC and changed its name to Forge Innovation Development Corp. in November 2016. Forge Innovation Development Corp. was incorporated in 2016 and is based in Jurupa Valley, California.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Forge Innovation Development Corp reported revenue of $668K in FY2024 versus $36.0K in FY2020, a compound +107.6%/yr. Reported net income was −$1.3M in FY2024.

Growth Quality 35/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
$668K
Latest YoY
+52.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+164.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+79.4%
Avg. growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+72.0%
Revenue +107.6%/yr
FY20 $36.0K
FY21 $36.0K
FY22 $123K
FY23 $438K
FY24 $668K
Net income
FY20 −$320K
FY21 −$262K
FY22 −$34.1K
FY23 −$920K
FY24 −$1.3M

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Cite: Fair Value Calculator (2026). "Forge Innovation Development Corp Fair Value". https://www.fairvalue-calculator.com/stock/FGNV

Peer Group

Real Estate Services · 530 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 22 · Bottom 25%
Fair Value upside +0% · Below median
Return on assets -1% · Bottom 25%
Net margin (TTM) -120% · Bottom 25%
Operating margin (TTM) 1% · Bottom 25%
Revenue growth 10% · Above median
Debt / equity 4.64× · Higher than 75% of peers

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.08× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 33 · sector 34
FUTURE 50 · sector 10
PAST 0 · sector 16
HEALTH 0 · sector 84
DIVIDEND 0 · sector 59

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Aug 17, 2026).

Stock Price Fair Value vs Fair Value
Plaza S.A MALLPLAZA 3,989 CLP 4,571 CLP +15%
PT Solusi Tunas Pratama Tbk SUPR 43,850 IDR 15,049 IDR -66%
Cencosud Shopping S.A CENCOMALLS 2,412 CLP 2,976 CLP +23%
PT Sarana Menara Nusantara Tbk. owns and TOWR 392.00 IDR 1,012 IDR +158%
PT Metropolitan Kentjana Tbk MKPI 22,000 IDR 19,160 IDR -13%
PT Bangun Kosambi Sukses Tbk, CBDK 3,610 IDR 3,464 IDR -4%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 2,990 ARS +20%
PT Plaza Indonesia Realty Tbk PLIN 2,510 IDR 2,698 IDR +7%
PT MNC Tourism Indonesia Tbk, KPIG 74.00 IDR 122.12 IDR +65%
PT Indonesian Paradise Property Tbk INPP 770.00 IDR 291.52 IDR -62%

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Frequently asked questions

Is Forge Innovation Development Corp (FGNV) overvalued or undervalued?
As of Aug 17, 2026, our model estimates a fair value of $0.0011 versus a price of $0.0011, about +0% (fairly valued).
What is the fair value of FGNV?
Our model-based fair value for Forge Innovation Development Corp is $0.0011 (as of Aug 17, 2026), built from audited fundamentals. The current price is $0.0011.
What is the quality score of FGNV?
Forge Innovation Development Corp has a Quality Score of 22/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Forge Innovation Development Corp (FGNV)?
Forge Innovation Development Corp reported trailing-twelve-month revenue of about $696K (latest available figure, as of Aug 17, 2026).
What is the net profit margin of FGNV?
The net profit margin of Forge Innovation Development Corp is about -119.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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