Faircourt Gold Income A (FGX) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 7.58%
• Average Volume (3M): 2.50K
• Price to Earnings (P/E): 6.6
• Beta (1Y): N/A
• Revenue Growth: -157.47%
• EPS Growth: -87.22%
• Country: CA
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 76
• Industry: Asset Management - Income
• EPS (TTM): 0.58
• Shares Outstanding: 2,549,311
• 10 Day Avg. Volume: 2,500
• 30 Day Avg. Volume: 2,500
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Faircourt Gold Income A's overall stock score reflects significant financial instability, with declining revenues and profitability, offset slightly by its low debt levels and high dividend yield. The technical indicators show a lack of momentum, and while the corporate event of dividend distribution shows some positive market sentiment, it is not sufficient to considerably improve the stock's overall score.

Faircourt Gold Income A Business Overview & Revenue Model

Company Description

Faircourt Gold Income A (FGX) is a closed-end investment fund focused on providing investors with income and capital appreciation through a diversified portfolio of gold mining and precious metals-related securities. Operating within the financial services sector, FGX offers exposure to the gold industry by investing in a combination of equity securities and income-generating assets, catering to both retail and institutional investors seeking to leverage opportunities in the precious metals market.

How the Company Makes Money

Faircourt Gold Income A (FGX) generates revenue primarily through investment income, which includes dividends and interest earned from its portfolio of securities in the gold and precious metals sectors. Additionally, the company benefits from capital gains realized from the appreciation and sale of its investments. FGX's earnings are influenced by factors such as fluctuations in gold prices, mining company performance, and broader economic conditions impacting the gold and precious metals markets. The fund may also engage in strategic partnerships or collaborations with mining companies or financial institutions to enhance its investment strategy and returns.

Faircourt Gold Income A Financial Statement Overview

Summary

Faircourt Gold Income A faces significant financial challenges, with a troubling decline in revenue and profitability over recent years. While the company maintains a relatively low level of debt, its decreasing equity and asset base present concerns. Cash flows provide some relief but are not sufficient to offset overall financial weaknesses.

Income Statement

The income statement reveals significant challenges. The company has experienced a dramatic decline in revenue, moving from over 3.5 million in 2020 to negative revenue in 2023. Profit margins have been consistently negative, with a severe drop in net income over the years, signaling substantial instability and profitability issues.

Balance Sheet

The balance sheet shows a moderate level of stability with a debt-to-equity ratio of 0.19, indicating low leverage. However, the declining stockholders' equity and total assets over the years highlight potential risks. The equity ratio remains relatively strong, but the overall financial health is weakening.

Cash Flow

Cash flow analysis indicates some positive aspects, such as a positive operating cash flow and free cash flow in 2023. However, the free cash flow growth rate has been highly volatile, and the operating cash flow to net income ratio suggests inefficiencies in converting income into cash. The cash flow stability is uncertain.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
792.38K	-97.11K	492.93K	2.66M	3.55M	2.20M
	Gross Profit
674.95K	-97.11K	312.27K	2.41M	3.25M	1.92M
	EBIT
117.83K	-294.85K	-987.17K	-2.12M	5.00M	4.83M
	EBITDA
45.48K	-69.66K	-92.57K	-99.83K	-107.32K	-205.61K
	Net Income Common Stockholders
-89.36K	-551.14K	-979.13K	-2.17M	4.94M	4.69M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
14.70M	9.13M	11.10M	14.02M	19.24M	17.47M
	Total Assets
14.99M	9.18M	11.13M	14.13M	19.27M	17.50M
	Total Debt
2.00M	1.44M	1.70M	2.20M	2.90M	2.60M
	Net Debt
-1.87M	-219.92K	-306.14K	-466.15K	1.31M	2.04M
	Total Liabilities
2.37M	1.67M	2.06M	2.49M	3.17M	3.02M
	Stockholders Equity
12.62M	7.51M	9.07M	11.64M	16.10M	14.48M
Cash Flow		Free Cash Flow
1.20M	924.53K	483.69K	321.92K	42.83K	923.21K
	Operating Cash Flow
1.20M	924.54K	483.69K	321.92K	42.83K	923.21K
	Investing Cash Flow
0.00	0.00	0.00	0.00	0.00	0.00
	Financing Cash Flow
-1.80M	-1.27M	-2.10M	-3.00M	-3.03M	-2.24M

Faircourt Gold Income A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
K	80 Outperform	$25.06B	19.26	14.66%	0.83%	23.38%	131.87%
AEM	80 Outperform	$84.67B	32.24	9.42%	1.32%	26.99%	-6.63%
NGD	73 Outperform	$3.81B	27.17	11.14%	―	18.32%	―
ABX	72 Outperform	$47.50B	16.47	9.00%	2.03%	15.40%	72.49%
SSL	68 Neutral	$3.23B	167.17	1.00%	0.69%	-0.35%	-65.11%
Sector *	59 Neutral	$2.72B	11.51	0.06%	8679.44%	5.30%	-16.91%
FGX	46 Neutral		6.58	19.66%	7.58%	-157.47%	-87.22%

Faircourt Gold Income A Corporate Events

Faircourt Asset Management Announces Monthly Distribution for Gold Income Fund

Faircourt Asset Management Inc. announced a monthly distribution for the Faircourt Gold Income Corp., with a payout of $0.024 per share, scheduled for February 14, 2025. This distribution reflects the company’s ongoing commitment to providing returns to its investors, highlighting its strategic position in managing income-focused investment funds within the Canadian market.

Faircourt Gold Income Announces December Distribution

Faircourt Asset Management Inc. has announced a monthly distribution of $0.024 per share for Faircourt Gold Income Corp., with the ex-dividend and record date set for December 31, 2024, and payment on January 15, 2025. Investors should note the potential for brokerage fees and price variations when trading shares on exchanges. The fund’s performance is not guaranteed, and values can fluctuate.