FBS Global Limited Ordinary Shares
FBGL · Price history
Price at last available close
$2.11
−$1.90 (-47.38%) 1M
2026-10-28
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Company & revenue
About FBS Global Limited Ordinary Shares
Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
Established in Singapore in 1996, FBS Global Limited is a company dedicated to delivering a comprehensive range of construction and engineering solutions. The firm's operations primarily involve undertaking interior fit-out projects for a diverse clientele, spanning institutional, residential, commercial, and industrial building sectors. Beyond construction, FBS Global also acts as a supplier of essential building materials and precast concrete components.
How they make money
FBS Global Limited operates as a construction and interior fit-out specialist in Singapore. The company generates revenue primarily through project-based contracts for institutional, residential, commercial, and industrial building projects, providing engineering services and building materials.
Products & services
Interior design and build (fit-out) services, construction and engineering services, supply of building materials, precast concrete components, and pavement consultancy services.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
For the year ended December 31, 2025, the company reported that its top two customers accounted for 62% and 22% of its total revenue, respectively.
Suppliers, materials & equipment
- Building material suppliers — Various third-party vendors providing raw materials and components for construction projects; specific supplier names are unnamed.Source
Strengths
- Over 20 years of operating track record in SingaporeSource
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
40
Weak
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
67
Fair
Financial Strength
56
Business Quality / Moat
100
Management
40
Growth Quality
100
Risk / Durability
20
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Model Outlook
12-month model · What does the model think happens next?
Outperformance analysis is not currently available.
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
A current Opportunity Score is not available.
The 12-month model outlook is not currently available.
- •Balance-sheet / debt profile scores strongly
- •Asset quality scores strongly
- •Debt service risk
- •Reverse-split headline · Sep 24, 2026
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for FBGL
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can FBGL maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can FBGL fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •How is FBGL likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for FBGL to reach sustainable profitability?
- •What future growth or profitability would be needed to justify FBGL's current valuation?
Essential Investment Snapshot
Wall Street Score
40
Market Cap
$2.8M
P/E Ratio
-7.7
EPS
$-0.47
52-Week High
$14.00
52-Week Low
$3.23
Beta
0.51
Shares Outstanding
1.4M
Total Revenue
$20.2M
Total Debt
$101K
Dividend
No current dividend
Liquidation Value / Share
$7.50
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Extreme movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for FBGL
Detected from reported data — verify before acting.Debt service risk
Interest coverage is low (~-133.5x). Earnings may be strained to cover interest expense.
Reverse-split headline · Sep 24, 2026
FBS Global Limited Announces 1-for-10 Share Consolidation — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
GlobeNewsWireCommunity Sentiment
0 active · 0 total callsNo personal call yet on FBGL.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Over 20 years of operating track record in Singapore.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Engineering & Construction industry.
- −High customer concentration risk.
- −Dependence on the Singapore construction market.
- −Negative free cash flow may increase the need for outside financing and dilution.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
32
Sep 24, 2026
Change
+7.8
points
Current Score
40
Oct 1, 2026
Category Changes
FBGL increased 7.8 points because overall fundamentals improved.
Projected Score
Projected Score
44
Projected Change
+3.6 points
Preliminary comparable-period financial changes suggest improvement of approximately 3.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$2.11
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Large reported revenue change: +86.8%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $20.2M | $20.2M | $10.8M | $17.1M | ···· | ···· | ···· |
| Cost of Revenue | $18.2M | $18.2M | $9.9M | $15.0M | ···· | ···· | ···· |
| Gross Profit | $2.1M | $2.1M | $978K | $2.1M | ···· | ···· | ···· |
| Research & Development | $528K | $528K | $0.00 | $0.00 | ···· | ···· | ···· |
| SG&A Expenses | $2.9M | $2.9M | $1.5M | $1.7M | ···· | ···· | ···· |
| Operating Expenses | $3.6M | $3.6M | $1.7M | $2.1M | ···· | ···· | ···· |
| EBITDA | -$889K | -$889K | $83K | $161K | ···· | ···· | ···· |
| Operating Income | -$1.5M | -$1.5M | -$757K | -$35K | ···· | ···· | ···· |
| Interest Expense | $11K | $11K | $52K | $60K | ···· | ···· | ···· |
| Income Before Tax | -$1.6M | -$1.6M | -$665K | -$26K | ···· | ···· | ···· |
| Income Tax Expense | $0.00 | $0.00 | -$28K | -$30K | ···· | ···· | ···· |
| Net Income | -$1.6M | -$1.6M | -$637K | $4K | ···· | ···· | ···· |
| Basic EPS | $-0.47 | $-0.47 | $-0.47 | $0.00 | ···· | ···· | ···· |
| Basic Shares | — | 1.35M | 1.35M | 1.35M | ···· | ···· | ···· |
| Diluted Shares | — | 1.35M | 1.35M | 1.35M | ···· | ···· | ···· |
Earnings Summary
Revenue
$20.2M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.47
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-91.7%
Cash Change
+35.3%
Margin Change
-2.0 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
- Debt reduced
What Weakened
- Margins contracted
Potential Score Impact
Positive indicators included revenue growth, cash levels, debt levels. Pressure indicators included EPS growth, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 86.8%. EPS was essentially unchanged. Cash increased 35.3%. Total debt declined 91.7%. Net income margin declined by 2.0 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Engineering & ConstructionRumor Mill · FBGL
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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