FM

FG Merger Corp.

FGMC·NASDAQ

$10.38

-0.041%
Financial ServicesShell Companies

FG Merger Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for a target business in the financial services industry in North America. The company was incorporated in 2020 and is based in Itasca, Illinois. FG Merger Corp. operates as a subsidiary of FG Merger Investors LLC.

At a Glance

Live Snapshot
Market Cap$106.92M
EPS-0.2000
P/E Ratio-51.92
Earnings Date05/14/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -51.9).

Valuation inputs: P/E -51.9, earnings yield N/A, momentum -0.0%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +3.7%, ROIC -0.8%).

Profitability stack: net margin 0.0%, ROE +3.7%, ROIC -0.8%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +0.2%, momentum -0.0%, net margin 0.0%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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FG Merger Corp. Market vs Earnings Trajectory

FGMC · NASDAQ

Loading price and EPS data...

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FG Merger Corp. Fair Value Envelope

FGMC · NASDAQ

Our analysis suggests that FGMC has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $10.385, this represents a potential HIDDEN relative to our calculated worth for FG Merger Corp..

Intrinsic Value
Current Price: $10.385
3Y+1299.0%
5Y+19900.0%
10Y+19900.0%
3Y-
5Y-
10Y-
3Y-1234.0%
5Y-79289.0%
10Y-79289.0%
3Y+347.0%
5Y-
10Y-
3Y+347.0%
5Y-
10Y-
3Y-2.0%
5Y-
10Y-
FM

FG Merger Corp. Profit Bridge

FGMC · NASDAQ
Revenue0.00
Cost of Goods Sold (0.00)
Gross Profit0.00
Operating Expenses (972.16K)
Operating Income-972.16K
Interest Expense (0.00)
Other Income/Expense3.04M
Pretax Income2.06M
Income Tax (637.75K)
Net Income1.43M
Net Income
1.43M

Profitability Analysis

0.00%
Gross Profit Margin
-100%
3Y-
5Y-
10Y-
0.00%
Operating Profit Margin
-100%
3Y-
5Y-
10Y-
0.00%
Net Profit Margin
-100%
3Y-
5Y-
10Y-
366.33%
Return on Equity
-63%
3Y-243998.0%
5Y-
10Y-
1.73%
Return on Assets
-111%
3Y-1258.0%
5Y-
10Y-
-0.81%
Return on Invested Capital
-100%
3Y-144.0%
5Y-
10Y-
F

FG Merger Corp. Cash Conversion Engine

FGMC · NASDAQ
Net Income1.43M
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital0.00
Others57.38K
Capital Expenditures0.00
Free Cash Flow1.48M

Cash Flow Quality Analysis

FCF Conversion Rate

104.0%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

FCF Growth Trend

+14998.7%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$0.00

Neutral working capital impact. Changes in current assets and liabilities balanced out.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

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FG Merger Corp. Funding & Solvency Profile

FGMC · NASDAQ
Cash & Cash Equivalents243.24K
Net Receivables0.00
Inventory0.00
Other Current Assets75.21K
Total Current Assets318 K
Property, Plant & Equipment0.00
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets82.86M
Total Non-Current Assets83 M
Total Assets
83.18M

Financial Health Analysis

Current Ratio

4.94x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.00x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

254 K

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

0% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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FG Merger Corp. Street Expectations Map

FGMC · NASDAQ

No Target Data

No analyst price targets available for fgmc.

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FG Merger Corp. Insider Positioning

FGMC · NASDAQ

During the last 12 months, there has been no insider trading activity reported for FGMC.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

0.00%
Dividend Yield
3Y-
5Y-
10Y-
 

fgmc Dividend History

FGMC
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%