FRGE - NYSE

Forge Global Holdings, Inc.

Forge Global Holdings, Inc.

FRGEยทNYSE

$45.00

+0.0000%
TechnologySoftware - Application

Forge Global Holdings, Inc. provides marketplace infrastructure, data services, and technology solutions for private market participants. It enables private company shareholders to trade private company shares with accredited investors. The company was founded in 2014 and is based in San Francisco, California.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$623.01M
EPS-5.4300
P/E Ratio-8.29
Earnings Date03/04/2026
Forge Global Holdings, Inc.

Forge Global Holdings, Inc. Fair Value Envelope

FRGE ยท NYSE

Our analysis suggests that FRGE has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $45, this represents a potential HIDDEN relative to our calculated worth for Forge Global Holdings, Inc..

HIDDEN
Intrinsic Value
Current Price: $45

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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$
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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value-$294.8M
+ Cash & Equivalents$105.1M
Firm Value-$189.7M
- Debt$14.6M
Equity Value-$204.2M
/ Shares Outstanding13,590,939B
DCF Value-$15
OVERVALUED BY 133%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
-$41.2M
-$41.8M
-$42.5M
-$43.1M
-$43.8M
-$44.5M
-$45.2M
-$45.9M
-$46.6M
-$47.4M
Maintenance CapEx
-$160.9K
-$163.4K
-$166.0K
-$168.6K
-$171.2K
-$173.9K
-$176.6K
-$179.4K
-$182.2K
-$185.1K
Owner Earnings
-$41.3M
-$42.0M
-$42.6M
-$43.3M
-$44.0M
-$44.7M
-$45.4M
-$46.1M
-$46.8M
-$47.5M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$38.3M
-$36.0M
-$33.8M
-$31.8M
-$29.9M
-$28.2M
-$26.5M
-$24.9M
-$23.4M
-$22.0M
Terminal Value represents 0.0% of Enterprise Value
Negative Owner Earnings
This company generates negative free cash flow. Consider adjusting maintenance CapEx percentage or check the financial data.

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