Founder Group Limited
FGL Industrials Engineering & Construction
Founder Group Limited’s revenue for fiscal 2025 (year ended December 2025) was $29.7 million, up 47.2% from fiscal 2024. Dividend growth for three consecutive years; insiders bought in the last twelve months.
Follow FGL
Founder Group Limited (FGL) Piotroski F-score
Founder Group Limited's Piotroski F-score for fiscal 2025 cannot be worked out: needs three fiscal years.
Piotroski F-score, annual
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (5.29%) | — | Fail | 0 |
| Positive operating cash flow | (10.10m) | (1.37m) | Fail | 0 |
| Rising return on assets | (5.29%) | — | n/a | — |
| Cash flow above net income | (8.19m) | (218.50k) | Fail | 0 |
| Falling long-term leverage | 0.12 | — | n/a | — |
| Rising current ratio | 1.16 | 0.89 | Pass | 1 |
| No new shares issued | 312,800 | 1,800 | Fail | 0 |
| Rising gross margin | 11.58% | 6.91% | Pass | 1 |
| Rising asset turnover | 0.82 | — | n/a | — |
| Piotroski F-score | n/a — needs three fiscal years | — | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| FBGL FBS Global Limited compare | 4 |
| ZDAI DirectBooking Technology Co., Ltd. compare | 3 |
| OFAL OFA Group compare | 3 |
| WLGSF WANG & LEE GROUP, Inc. compare | 2 |
| AXNX Mint Incorporation Limited compare | 2 |
| RITRF Reitar Logtech Holdings Limited compare | 2 |
| MGN Megan Holdings Limited compare | — |
| FGL Founder Group Limited | — |
| MSGY Masonglory Limited compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover