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FRMM$4.57+3.16%
Fair $35.62+679.5%

FRMM

Forum Markets, Incorporated

Technology / Software - ApplicationNasdaqCM

$4.57

+0.14 (+3.16%)

Significantly Undervalued+679.5%Fair Value $35.62Fund rank 29/100 · Data gapSEC 9/10 yrs|
SA 30/D
F-Score: 1/9
Low Profitability

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 27% · confianza 25%

FCF escenarios

weak_data · normalized FCF $-10.9M · quality 63.7/100

Data gap 29/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 27/100Data QA 35/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

30/100

D

Piotroski

1/9

balance/quality

Valuation

100/100

+679.5% upside

5Y CAGR

+39.7%

100/100

Data QA

93/100

SEC 90%

Latest source: sec-companyfactsPeriods: 10Warnings: 1sec-companyfacts: 9unknown: 1
ROE is -1.9%, below the 5% threshold
Thesis & Journal · FRMMLocal privado en este navegador · Forum Markets, Incorporated
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$66M

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-188.2%

↓

Gross Margin

N/A

•

Debt/Equity

0.24

↑
52-Week Range$5
$2$175

TradingView lightweight chart

FRMM price, volumen y niveles de valoración

Último $4.570Periodo -100.0%
Fair value: $35.62

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2016–2025 · 9 años de histórico normalizado

Revenue CAGR

—

FCF CAGR

—

FCF margin

-397.9%

FCF / Net income

0.06x

Latest source

SEC-backed

Margin decomposition

Último año: revenue $6.5M · net income $-450.5M · FCF $-26.1M

2016-FY → 2025-FY

Gross margin

—— pts

Operating margin

-3565.8%— pts

Net margin

-6881.3%— pts

FCF margin

-397.9%— pts
SEC-backed annual metrics active for 2025, 2024, 2023, 2022, 2021, 2020, 2019, 2018, 2017. Local SEC Companyfacts override Yahoo/FMP for audited annual line items; provider-only fields remain as fallback.
MetricTTM
2025SEC
2024SEC
2023SEC
2022SEC
2021SEC
2020SEC
2019SEC
2018SEC
2017SEC
2016
Income Statement
Revenue$6.5M$6.5M—————————
Net Income$-450.5M$-450.5M$-14.2M$-19.9M$-38.7M$-20.3M$-10.9M$-25.4M$1.0M$123764.00—
EBITDA$-440.5M$-440.5M$-2.6M$-22.1M$-39.5M——————
EPS-54.32-54.32-28.56-52.59-387.18-12.96—-0.020.070.01—
Operating Margin-3565.8%-3565.8%—————————
Net Margin-6881.3%-6881.3%—————————
Balance Sheet
Debt/Equity0.240.240.000.100.12——————
Current Ratio6.196.19—————————
Cash Flow
Free Cash Flow$-26.1M$-26.1M$-1.2M$-10.9M$-12.1M——————
Returns
ROE-188.2%-188.2%-153.3%-15696.9%-341.4%-51.7%-35.9%-65.8%13.6%2.5%—
Valuation
P/E————————65.86461.00—
P/B0.160.160.05—8.83——0.50—8.70—
Growth & Yield
EPS Growth-90.2%-90.2%45.7%86.4%-2887.5%——-128.6%600.0%——

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -55.4%

Total return

-55.4%

Start / end P/E

n/dx → n/dx

EPS bridge

-28.56 → -54.32

Residual

-55.4%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-55.4%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.