Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Foris AG is a distinguished financial services company specialized in providing litigation funding solutions. The principal function of Foris AG is to offer financial and logistical support to plaintiffs engaged in legal proceedings, allowing them to pursue their claims without bearing the upfront costs. By assuming the financial risk associated with legal actions, Foris AG plays a pivotal role in facilitating access to justice, particularly for clients who may lack the resources to contest legal matters independently. This service is crucial across various industries, including commercial law, patent disputes, and individual civil cases. The company’s operations significantly impact the finance and legal sectors by enabling more equitable legal outcomes and reducing the financial barriers for litigants. Positioned within this niche financial market, Foris AG underscores the importance of litigation finance, offering a strategic avenue for risk management and fee mitigation while enhancing the certainty of pursuing favorable verdicts or settlements.
The business is unprofitable at the operating level (-4.00% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 23.9% YoY. Margins deteriorated 13.8pp alongside, both lines moving the wrong way.
Free cash flow declined 106% versus the prior year, cash generation momentum has weakened. ROIC dropped from 14.75% to -3.99%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€23M
▼ -23.9% YoY
Net Income (TTM)
-€131K
▼ -104.5% YoY
Op. Margin
-4.00%
▼ -13.8pp YoY
ROIC
-3.99%
▼ -18.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€407K
▼ -105.7% YoY
Op. Cash Flow (TTM)
-€216K
▼ -103.0% YoY
Net Debt
-€2M
Net Cash Position
Cash & Equiv.
€2M
3Y CAGR: +1.1%
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