FG
FGNX.O
—
NASDAQ
Reinsurance
Fgnx.O
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
45,8M USD
P/E
—
EV / Rev
—
Div yield
—
Op margin
—
ROE
-11,6 %
Net margin
—
Debt / equity
0,05
Beta
—
52w range
—
Volume
1,2k
Day range
$7,29–$7,98
Prev close
$7,68
Open
$7,67
Next earnings
2026-10-28
Ex-dividend
—
TR 1Y
—
About
FGNX.O operates in the reinsurance industry, providing insurance coverage to other insurance companies, thereby mitigating their risk exposure.
Business. FGNX.O operates in the reinsurance industry, providing insurance coverage to other insurance companies, thereby mitigating their risk exposure.
Classification99 %
SectorFinancials
Industry groupReinsurance
Generated · model-assisted
Sell-side consensus
BUY2 analysts
2 buy0 hold0 sell
Avg 12m price target35,00
Analyst recommendations
2 analysts · consensus BuyBuy2
Hold0
Sell0
12-month price target
35,00
Consensus of sell-side coverage.
At a glance
Score
—
not yet scored
Valuation
—
valuation pending
Analysts→
Buy
2 analysts · indicative
Ownership
—
not yet wired
Profitability→
-11,6 %
return on equity
Quality
—
not yet scored
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
— missing data
News & coverage
0Sector rotation
Sector1D1Mvs mkt
Materials+2,3 %+6,6 %+1,7 %
Communication Services+2,2 %−5,5 %+1,6 %
Energy+0,6 %+3,3 %+0,0 %
Health Care+0,6 %−0,8 %+0,0 %
Information Technology+0,6 %+6,7 %+0,0 %
Consumer Discretionary+0,4 %+7,6 %−0,2 %
Financials · THIS SECTOR−0,3 %−2,8 %−0,9 %
Consumer Staples−0,4 %+2,5 %−1,0 %
Real Estate−0,7 %+10,9 %−1,3 %
Industrials−1,9 %−3,1 %−2,5 %
Utilities−1,9 %+28,2 %−2,5 %
Developing storylines
No tracked sagas currently linked to FGNX.O. Browse all sagas →
Analysis
AI analysis
Generated · analysis pipeline · tier hybrid · as of 2026-08-04
↑ At a glance
Opportunity
— missing data
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
— missing data
Signals & dispatch
peak dispatch · —
Composite-score breakdown
Synthesis
Business
FGNX.O operates in the reinsurance industry, providing insurance coverage to other insurance companies, thereby mitigating their risk exposure.
Classification99 %
SectorFinancials
Industry groupReinsurance
AI synthesis
GENERATEDFGNX.O's capital structure is characterized by a low debt-to-equity ratio of 0.05, indicating a conservative leverage position. The company's liquidity is assessed as low, with a price-to-book ratio of 0.58 and a tangible book ratio of 0.58, suggesting that the market values the company below its book value. Free cash flow is negative at -6.93 million USD, and operating cash flow is also negative at -4.75 million USD, indicating cash outflows from operations.
Profitability metrics show a challenging performance, with a return on equity of -11.6% and a return on assets of -7.86%, both significantly below the industry median for reinsurance. The company reported a net loss of 8.6 million USD and an operating loss of 6.68 million USD, reflecting poor earnings performance. These figures suggest that FGNX.O is underperforming relative to its peers in terms of generating returns on invested capital.
The company's revenue concentration is not disclosed in the available data, but the absence of segment or geographic breakdowns implies a lack of diversification in its revenue streams. This could pose a risk if the company is overly reliant on a single market or product line. The lack of segment data also limits the ability to assess the performance of individual business units.
Looking at the growth trajectory, FGNX.O has not provided specific numeric deltas for the current or next fiscal year. However, the negative operating and net income suggest a lack of growth in the near term. The company's free cash flow is also negative, indicating that it is not generating sufficient cash to fund operations or growth initiatives. This could limit its ability to invest in new opportunities or expand its market share.
Risk factors for FGNX.O include a low liquidity position and a negative return on equity, which could impact its ability to meet short-term obligations. The company has a low dilution risk, with no immediate filing-based liquidity or dilution flags detected. However, the negative free cash flow and operating cash flow could lead to future dilution if the company needs to raise additional capital. No adjustments were applied to the valuation metrics, suggesting that the current financial data is considered representative.
Recent events related to FGNX.O include analyst estimates that show a wide range of price targets, from 10.00 USD to 60.00 USD, with a mean and median of 35.00 USD. The mean recommendation is 2.00, indicating a "buy" rating, but there are no strong-buy recommendations. This suggests that while some analysts are optimistic about the company's future, others are cautious. No specific recent filings or transcripts are provided in the available data.
Key takeaways
- FGNX.O is a reinsurance company with a conservative capital structure and low debt-to-equity ratio.
- The company is currently unprofitable, with a negative return on equity and return on assets.
- FGNX.O's liquidity is low, and it is generating negative free and operating cash flows.
- Analysts have a mixed outlook, with a mean price target of 35.00 USD and a "buy" rating.
- The company has no immediate liquidity or dilution risks, but its financial performance could lead to future capital needs.
Bull / Bear case
analysis pipeline— missing data
In focus — financials by report
Quarterly
QUARTERLYFiled 2026-05-07
Q1 2026 · Quarter highlights
Revenue—
Operating income—
Net income—
Free cash flow—
EPS—
Operating cash flow-$6.2M
Financials
Balance sheet
Total assets—
Total liabilities$4.9M
Total equity$90.8M
Cash & equivalents$14.1M
Long-term debt$1.9M
Cash flow
Operating cash flow-$6.2M
CapEx-$250.0k
Free cash flow—
SBC—
QUARTERLYFiled 2026-03-27
Q4 2025 · Quarter highlights
Operating income −863,7% YoY; Net income −586,5% YoY.
Revenue—
Operating income-$64.4M−863,7 % YoY
Net income-$59.1M−586,5 % YoY
Free cash flow-$61.1M−781,2 % YoY
EPS—
Operating cash flow-$6.2M−31,6 % YoY
Financials
Income statement
Revenue—
Gross profit—
Operating income-$64.4M
Net income-$59.1M
Balance sheet
Total assets$163.8M
Total liabilities$20.4M
Total equity$143.5M
Cash & equivalents$13.4M
Long-term debt$1.9M
Cash flow
Operating cash flow-$6.2M
CapEx—
Free cash flow-$61.1M
SBC—
Highlights
- ▍Operating income −863,7% YoY
- ▍Net income −586,5% YoY
- ▍Free cash flow −781,2% YoY
QUARTERLYFiled 2025-11-14
Q3 2025 · Quarter highlights
Operating income $4.2M.
Revenue—
Operating income$4.2M
Net income-$3.4M
Free cash flow-$4.2M
EPS—
Operating cash flow-$4.8M
Financials
Income statement
Revenue—
Gross profit—
Operating income$4.2M
Net income-$3.4M
Balance sheet
Total assets$244.7M
Total liabilities$13.7M
Total equity$231.0M
Cash & equivalents$7.5M
Long-term debt$1.9M
Cash flow
Operating cash flow-$4.8M
CapEx—
Free cash flow-$4.2M
SBC—
Highlights
- ▍Operating income $4.2M
Valuation FY
Market price
$7,31
Market cap
$42.8M
Enterprise valueⓘ
$38.5M
P/Eⓘ
—
Non-GAAP P/Eⓘ
—
EV / Revenueⓘ
—
EV / Op incomeⓘ
—
EV / OCFⓘ
—
P / Bⓘ
0.6x
P / Tangible bookⓘ
0.6x
Tangible book
$74.2M
Net cashⓘ
$4.3M
Current ratioⓘ
—
Debt / equityⓘ
0.1
ROAⓘ
-7.9%
ROEⓘ
-11.6%
Cash conversionⓘ
55.0%
CapEx / revenueⓘ
—
SBC / revenueⓘ
—
Dilution ratioⓘ
0.0%
Revenue by segment
Business relationships
— missing data
Supply chain
— missing data
Peer comparison
Peer comparison5 peers · vs FGNX · multiples and returns
EG
EG—
Everest Group Ltd
$372,05
14,8B USDP/E
8,7x
— vs self
Div yield
2,0 %
— vs self
ROE
10,4 %
+22,0 vs self
RN
RNR—
RENAISSANCERE HOLDINGS LTD
—
—P/E
—
— vs self
Div yield
—
— vs self
ROE
—
— vs self
SP
SPNT—
SiriusPoint Ltd.
$23,32
2,7B USDP/E
5,5x
— vs self
Div yield
—
— vs self
ROE
18,6 %
+30,2 vs self
HG
HG—
Hamilton Insurance Group, Ltd.
—
—P/E
—
— vs self
Div yield
—
— vs self
ROE
—
— vs self
MH
MHLA—
MAIDEN SA
$13,00
—P/E
—
— vs self
Div yield
11,0 %
— vs self
ROE
-4,2 %
+7,4 vs self
Market position
Stress test
— missing data
Predictor forecast
Next quarternear-term
Earnings · next quarterconf 45 %
EPS
Consensus EPS
-1,98
Predicted surprise
+0,00
Beat probability
45 %
Analysts
2
Other metrics
Revenue
—
no estimate
Segment revenue
—
no estimate
Margin
—
no estimate
Segment margin
—
no estimate
as of 2026-05-16 · Earnings Surprise V1
Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
Full fiscal year~1 year ahead
Full fiscal year · our forecast vs guidance vs consensus
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | -1,98 |
| Revenue | —no estimate | —no estimate | 4,6M USD |
| Operating income | —no estimate | —no estimate | -13,0M USD |
Full-year consensus mean (period as reported by source) · consensus in USD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
Probabilistic model output — not investment advice. · generated 2026-08-04
Options
— missing data
Short squeeze
— missing data
Earnings-call key lines
— missing data
Consensus distribution
sell-side coverageRecommendation distribution2 analysts
Strong buy0
Buy2
Hold0
Sell0
Strong sell0
12-month price target$35,00 · Median $35,00
Low $10,00High $60,00
Operating income · consensus-13,0M USD
EPS surprise
−361,6 %
reported vs consensus · miss
Revenue surprise
−47,5 %
reported vs consensus · miss
Estimate revisions
consensus EPS · 26-week trend— missing data
Sell-side observations
Low$10,00
Mean$35,00
Median$35,00
High$60,00
Spot$7,31
+378.8 %implied to mean12-month sell-side price targets · ▲ spot
Themes
— missing data
ESG
— missing data
Risk factors
Dilution riskLow
Liquidity riskLow
Filing-based flags
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
ROE-11,6 %Bottom quartile
D/E0,05Below median
Cash Conv0,55Below median
Corporate actions / M&A
— missing data
FX exposure
— missing data
Comparable transactions
— missing data
Derivatives & instruments
Derivative transactions
Net disposed 300 000 sh2 exercises1 insiders
- Director, CEO and Chairman, 10% owner · Pre - Funded Common Stock Purchase Warrant → Common StockDisposed 100 000 @ $0,00exercise · 2025-09-05
- Director, CEO and Chairman, 10% owner · Pre - Funded Common Stock Purchase Warrant → Common StockDisposed 200 000 @ $0,00exercise · 2025-09-05
Physical assets
1 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| MALED | Vessel | Petrochemical | Gulf of Oman, Arabian Gulf Tanker Zone, Oman | Registered owner |
Tracked physical assets associated with this issuer (operated, managed, or owned).
Actions
Ask Handelsavisen
— missing data
Data sources
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
How metrics are computed
- Return On Equitynet_income / total_equity
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
Source documents
- FGNX.O Market data — financials · 2026-05-27
- FG Nexus Inc Market data — analyst estimates · 2026-05-27
Ownership & reference
Insider activity
Mixed / flat0 buys · 0 sellsnet $08 insiders · last 365d
- Director · Common StockOther 10 373 · 2026-04-08
- Director · Common StockOther 1 855 · 2026-04-08
- Director · Common StockOther 10 373 · 2026-04-08
- Director · Common StockOther 1 754 · 2026-04-08
- Director · Common StockOther 10 373 · 2026-04-08
- Director · Common StockOther 1 921 · 2026-04-08
- Director · Common StockOther 10 373 · 2026-04-08
- Director · Common StockOther 1 754 · 2026-04-08
- Director · Common StockOther 10 373 · 2026-04-08
- Director, CEO and Chairman · Common StockOther 4 214 · 2026-04-08
- Director, CEO and Chairman · Common StockOther 10 373 · 2026-04-08
- Director · Common StockOther 2 259 · 2026-04-08
- Director · Common StockOther 1 821 · 2026-04-08
- Director · Common StockOther 10 373 · 2026-04-08
- Director · Common StockOther 3 612 · 2026-02-03
- Director · Common StockOther 4 480 · 2026-02-03
- Director · Common StockOther 3 478 · 2026-02-03
- Director, CEO and Chairman · Common StockOther 8 359 · 2026-02-03
- Director · Common StockOther 3 678 · 2026-02-03
- Director · Common StockOther 3 478 · 2026-02-03
- Director · Common StockOther 3 812 · 2026-02-03
- Director · Common StockOther 2 826 · 2025-12-11
- Director · Common StockOther 2 826 · 2025-12-11
- Director · Common StockOther 2 988 · 2025-12-11
- Director · Common StockOther 2 935 · 2025-12-11
Short positioning
291.1Kshares short-0.1% vs prior
1.98days to cover
57.4%short of daily vol
7fails-to-deliver
as of 2026-07-15 · short-interest report (free)
Geographic breakdown
— missing data
Listings · one canonical issuer
all listings resolve to the canonical
FGNX.OCanonical
NASDAQ · USD
Intel & risk
peak dispatch · —
OSINT findings
Dilution riskLow
Liquidity riskLow
No immediate filing-based liquidity or dilution flags were detected.
Evidence & claims
From filings & derived data- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 104.1%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 49.7%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): -446.6%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): -92.5%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -111.3%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -111.3%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -42.3%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -47.4%Derived (calculated)
- Pre-tax income (annual): USD -67.71MSEC XBRL filing
- EPS (diluted) (annual): USD-PER-SHARES -26SEC XBRL filing
- Total liabilities (annual): USD 20.35MSEC XBRL filing
- Revenue (annual): USD 2.41MSEC XBRL filing
- Operating cash flow (annual): USD -6.25MSEC XBRL filing
- Total assets (annual): USD 163.84MSEC XBRL filing
- Shares outstanding (annual): 7.08MSEC XBRL filing
- Operating income (annual): USD -64MSEC XBRL filing
- Cash & equivalents (annual): USD 13.39MSEC XBRL filing
- EPS (basic) (annual): USD-PER-SHARES -26SEC XBRL filing
- Revenue (YoY) (2024-12-31 vs 2023-12-31): 20.7%Derived (calculated)
- Total assets (YoY) (2024-12-31 vs 2023-12-31): 76.2%Derived (calculated)
- Operating income (YoY) (2024-12-31 vs 2023-12-31): 28.1%Derived (calculated)
- Total liabilities (YoY) (2024-12-31 vs 2023-12-31): 40.3%Derived (calculated)
- Shareholders' equity (YoY) (2024-12-31 vs 2023-12-31): 111.1%Derived (calculated)
- Operating cash flow (YoY) (2024-12-31 vs 2023-12-31): -2,817.3%Derived (calculated)
Showing 24 of 60 surfaced claims.
Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.
The Thread
Everything we know, in order2026-10-28EVENTUpcomingQ3 2026 earnings (expected) estimated date
2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
2026-05-07 17:00 UTCEARNINGSQuarterly results — Q1 2026
2026-04-08 00:00 UTCINSIDER14 insider transactions — 2026-04
2026-04-08INSIDERSuh Ndamukong transacted 10.4k sh — Director
2026-04-08INSIDERGovignon Richard Edward JR transacted 1.9k sh — Director
2026-04-08INSIDERGovignon Richard Edward JR transacted 10.4k sh — Director
2026-04-08INSIDERRoschman Robert J transacted 1.8k sh — Director
2026-04-08INSIDERRoschman Robert J transacted 10.4k sh — Director
2026-04-08INSIDERMitchell Michael C transacted 1.9k sh — Director
2026-04-08INSIDERMitchell Michael C transacted 10.4k sh — Director
2026-04-08INSIDERSuh Ndamukong transacted 1.8k sh — Director
2026-04-08INSIDERCerminara Kyle transacted 4.2k sh — Director, CEO and Chairman
2026-04-08INSIDERCerminara Kyle transacted 10.4k sh — Director, CEO and Chairman
2026-04-08INSIDERWollney Scott D transacted 2.3k sh — Director
2026-04-08INSIDERWollney Scott D transacted 10.4k sh — Director
2026-04-08INSIDERHayes Rita transacted 1.8k sh — Director
2026-04-08INSIDERHayes Rita transacted 10.4k sh — Director
2026-03-27 06:12 UTCEARNINGSQuarterly results — Q4 2025 Net USD -59.1M
2026-02-03 00:00 UTCINSIDER7 insider transactions — 2026-02
2026-02-03INSIDERHayes Rita transacted 3.6k sh — Director
2026-02-03INSIDERGovignon Richard Edward JR transacted 3.7k sh — Director
2026-02-03INSIDERSuh Ndamukong transacted 3.5k sh — Director
2026-02-03INSIDERWollney Scott D transacted 4.5k sh — Director
2026-02-03INSIDERCerminara Kyle transacted 8.4k sh — Director, CEO and Chairman
2026-02-03INSIDERRoschman Robert J transacted 3.5k sh — Director
2026-02-03INSIDERMitchell Michael C transacted 3.8k sh — Director
2025-12-11 00:00 UTCINSIDER7 insider transactions — 2025-12
Showing the 40 most recent of 49 entries.
The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04
Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data
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