FGI Industries Ltd. (FGI) vs Northann Corp. (NCLX)

FGI Industries Ltd. and Northann Corp. are both Furnishings Fixtures & Appliances companies. FGI Industries Ltd. is the larger, with a market value of $14.5M against $8.5M — 1.7× the size. Northann Corp. grew revenue faster over the last twelve months: 6.58% against −5.30%. FGI Industries Ltd. has the higher net margin (−3.07% vs −78.9%) and the higher return on invested capital (2.47% vs −32.5%). Across the 15 metrics below, FGI Industries Ltd. leads on 11 and Northann Corp. on 4.

Valuation

Metric FGI NCLX Furnishings Fixtures & Appliances median
P/E n/m n/m 14.03
P/S 0.11 n/m 0.52
P/B 0.98 n/m 1.06
Price to free cash flow 8.53 n/m 9.86
EV/EBITDA 3.15 n/m 7.67
EV/Sales 0.08 0.27 0.67
Earnings yield (26.89%) 0.00% 3.50%
Free cash flow yield 11.73% 0.00% 7.55%

Profitability

Metric FGI NCLX Furnishings Fixtures & Appliances median
Gross margin 28.33% 17.80% 37.53%
Operating margin 0.33% (77.57%) 2.03%
Net margin (3.07%) (78.93%) 1.65%
Free cash flow margin 1.35% (46.45%) 3.92%
Return on equity (22.37%) (106.81%) 5.51%
Return on assets (5.67%) (50.50%) 1.69%
Return on invested capital 2.47% (32.54%) 3.55%

Growth

Metric FGI NCLX Furnishings Fixtures & Appliances median
Revenue growth (TTM) (5.30%) 6.58% 1.14%
EPS growth (last fiscal year) (392.31%) 39.71% —
Revenue growth, 5-year CAGR (0.65%) — 0.64%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric FGI NCLX Furnishings Fixtures & Appliances median
Debt to equity 0.00 0.23 0.17
Current ratio 1.18 1.51 1.97
Net debt to EBITDA (3.77) (0.30) 0.06

Dividend

Metric FGI NCLX Furnishings Fixtures & Appliances median
Dividend yield — — 2.20%
Payout ratio 0.00 — 0.09

Size

Metric FGI NCLX Furnishings Fixtures & Appliances median
Market cap 14.49m 8.54m 212.02m

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