Founder Group Limited (FGL) AI Stock Analysis

Founder Group Limited provides engineering, procurement, construction, and commissioning solutions (EPCC) for solar projects and commercial and industrial solar installations in Malaysia. The company operates through two segments: Large-scale solar and Commercial & Industrial. Its engineering and design services encompass solar photovoltaic (PV) arrays, inverters, transformers, and electrical grid interconnection. Founder Group also procures construction materials and equipment, such as PV modules and balance-of-systems components. It performs civil, structural, mechanical, and electrical works, equipment integration, and system commissioning. In addition, the firm supplies PV mounting structures, conducts piling work, and delivers ongoing operation and maintenance services.

Revenue expanded at a 4-year compound annual growth rate of 48.0% from $25.2M in FY2021 to $120.7M in FY2025. After climbing to $148.1M in FY2023, revenue dropped 39.0% to $90.3M in FY2024 before increasing 33.6% to $120.7M in FY2025. Gross margin was 11.6% in FY2025, down from 12.6% in FY2021. Profitability has shifted negative, moving from net income of $1.9M in FY2021 to net income of -$7.8M and an operating margin of -1.9% in FY2025. Over the trailing twelve months ended March 31, 2026, revenue was $120.7M with quarterly revenue growth of 8.9% year-over-year, while operating margin stood at -2.5% and net margin was -6.4%.

As of March 31, 2026, Founder Group held $80.2M in cash and short-term investments against $128.2M in total debt, resulting in net debt of $48.0M. Shareholders' equity was $30.3M, corresponding to a debt-to-equity ratio of 4.24, alongside total assets of $189.7M and a current ratio of 1.16. Cash flows were negative in FY2025, with operating cash flow of -$41.0M and free cash flow of -$41.9M, while capital expenditures totaled $826,333.

FGL trades at an enterprise value to EBITDA multiple of 20.6x, compared to the median of 13.9x for its US-listed Industrials peers. Its price-to-sales multiple is 0.0x versus the peer median of 1.5x, reflecting a market capitalization of $231,207 and an enterprise value of $11.8M. Enterprise value to revenue stands at 0.4x. Over the past year, FGL dropped 99.9%, trailing the S&P 500 benchmark (SPY), which gained 16.8% over the same period.

Founder Group Limited currently has no Wall Street analyst rating counts, price targets, or consensus earnings forecasts reported. The company also does not have a scheduled next earnings date listed. In the absence of consensus projections, performance is tracked against reported financial results, including trailing twelve-month diluted earnings per share of -$629.85 and a FY2025 net loss of -$7.8M. Institutional investors own 2.0% of the stock, insider ownership is 1.4%, and short interest stands at 16.1% of float.

This page is an AI-written research summary of Founder Group Limited (FGL). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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