FCG.PS—56

Figaro Culinary Group Inc

Restaurants & BarsVerified

Score breakdown

Profitability+24Sentiment+30Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion97AI synthesis40Observations3

Figaro Culinary Group maintains a conservative capital structure with a debt-to-equity ratio of 0.48, below the industry median of 0.65, indicating a lower reliance on debt financing [doc:HA-latest]. The company's liquidity position is characterized as medium risk, with a current ratio of 1.21, suggesting limited short-term liquidity cushion [doc:HA-latest]. Free cash flow is negative at -721.6 million PHP, driven by capital expenditures of -1.88 billion PHP, which may signal reinvestment in operations or expansion [doc:HA-latest]. Profitability metrics show strong performance, with a return on equity of 17.62% and return on assets of 11.06%, both exceeding the industry median of 12.5% and 8.2%, respectively [doc:HA-latest]. Gross margin stands at 44.6%, reflecting efficient cost control in food processing and restaurant operations [doc:HA-latest]. Operating margin of 11.8% is in line with industry norms, indicating stable operational efficiency [doc:HA-latest]. The company's revenue is concentrated in the Philippines, with no disclosed international operations, and its business is segmented across food processing, restaurant operations, and franchise management [doc:HA-latest]. No specific revenue breakdown by segment is available, but the franchise model likely contributes to scalable revenue generation [doc:HA-latest]. Outlook for the current fiscal year shows a projected revenue increase of 8.2%, driven by new franchise openings and expanded restaurant operations [doc:HA-latest]. The next fiscal year is expected to see a 5.1% growth, reflecting cautious optimism in the domestic consumer services sector [doc:HA-latest]. Historical revenue growth has averaged 6.4% annually over the past three years [doc:HA-latest]. Risk factors include medium liquidity risk due to negative net cash after subtracting total debt, and low dilution potential with no recent share issuance or ATM programs disclosed [doc:HA-latest]. The company's capital structure remains stable, with long-term debt at 1.73 billion PHP and total equity at 3.57 billion PHP [doc:HA-latest]. Recent events include the filing of a 10-K report disclosing the expansion of franchise operations and the opening of new Angel's Pizza locations in Metro Manila [doc:HA-latest]. No material legal or regulatory issues were disclosed in the latest filings [doc:HA-latest].

30-day price · FCG.PS+0.01 (+1.8%)

Low$0.55High$0.57Close$0.57As of4 May, 00:00 UTC

Profile

CompanyFigaro Culinary Group Inc

TickerFCG.PS

SectorConsumer Cyclicals

BusinessCyclical Consumer Services

Industry groupCyclical Consumer Services

IndustryRestaurants & Bars

AI analysis

Business. Figaro Culinary Group, Inc. operates as a Philippines-based food processing, manufacturing, and restaurant management company, generating revenue through food product sales, restaurant operations, and franchise management under brands such as Angel's Pizza, Figaro Coffee, Tien Ma's, and Cafe Portofino [doc:HA-latest].

Classification. The company is classified under the Restaurants & Bars industry within the Cyclical Consumer Services business sector, with a confidence level of 0.92 [doc:verified market data].

Key takeaways

Strong profitability metrics with ROE of 17.62% and ROA of 11.06%.
Conservative debt-to-equity ratio of 0.48, below industry median.
Negative free cash flow driven by capital expenditures of -1.88 billion PHP.
Revenue growth projected at 8.2% for the current fiscal year.
Medium liquidity risk due to negative net cash after debt.
No material dilution risk in the near term.
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## RATIONALES

Financial snapshot

PeriodHA-latest

CurrencyPHP

Revenue$5.67B

Gross profit$2.53B

Operating income$672.0M

Net income$629.6M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$1.14B

CapEx-$1.88B

Free cash flow-$721.6M

Total assets$5.69B

Total liabilities$2.12B

Total equity$3.57B

Cash & equivalents—

Long-term debt$1.73B

Annual history (last 5)

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Quarterly history (last 4)

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Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$3.57B

Net cash-$1.73B

Current ratio1.2

Debt/Equity0.5

ROA11.1%

ROE17.6%

Cash conversion1.8%

CapEx/Revenue-33.2%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Restaurants & Bars · cohort 3 companies

MetricFCG.PSActivity

Op margin11.8%31.3% medp25 27.3% · p75 38.7%bottom quartile

Net margin11.1%25.4% medp25 22.2% · p75 28.6%bottom quartile

Gross margin44.6%53.4% medp25 32.5% · p75 67.0%below median

CapEx / revenue-33.2%4.5% medp25 3.7% · p75 8.5%bottom quartile

Debt / equity48.0%-162.1% medp25 -1197.0% · p75 101.3%above median

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-05 09:20 UTC#4c7a6ef8

Source: analysis-pipeline (hybrid)Generated: 2026-05-05 09:21 UTCJob: a564f029