FBS Global Limited
FBS Global Limited is a Singapore-based holding company focused on construction and engineering services. Through its operating subsidiaries, it serves as a green building contractor and interior fit-out specialist, delivering projects for institutional, residential, commercial, industrial, and public-sector clients. The company’s current work includes design, supply, and installation services for ceilings, partitions, timber decking, carpet, lead lining, acoustic wall panels, built-in furnishings, carpentry, and mechanical and electrical building systems. It also provides building materials, precast concrete components, recycling services for construction and industrial waste, and pavement consultancy services. FBS Global Limited operates across Singapore’s building and infrastructure market, where it participates in new developments, renovation works, and technically complex alterations and additions, with an emphasis on green construction methods and integrated project delivery.
$2.47
-$0.20 (-7.49%)
EOD Oct 16, 2026
The business is unprofitable at the operating level (-7.47% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 86.8%, still solid.
ROIC dropped from -11.50% to -16.15%, capital efficiency is deteriorating. Negative free cash flow of -SGD 4M. The business is consuming cash, not generating it.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
SGD 26M
▲ +86.8% YoY
Net Income (TTM)
-SGD 2M
▼ -150.0% YoY
Op. Margin
-7.47%
▼ -0.5pp YoY
ROIC
-16.15%
▼ -4.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-SGD 4M
▼ -2025.7% YoY
Op. Cash Flow (TTM)
-SGD 4M
▼ -3269.3% YoY
Net Debt
-SGD 4M
Net Cash Position
Cash & Equiv.
SGD 4M
3Y CAGR: +15.4%
Continue Research
Is FBS Global (FBGL) overvalued?
FBS Global (FBGL)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, FBS Global scores 33/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is FBS Global a high-quality business?+
FBS Global scores 33 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -7.5% operating margin and a -16.1% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is FBS Global a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh FBGL's valuation and scores 33/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Engineering & Construction
Spot a number that looks wrong?
Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.