FRGE Relative Valuation - Forge Global Holdings Inc

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Price: 45 USD Market Closed

Market Cap: $619.2m

F	Forge Global Holdings Inc NYSE:FRGE	US
M	MX Gold Corp XTSX:MXL.H	CA
	RHB Bank Bhd KLSE:RHBBANK	MY

Multiples-Based Value

The Multiples-Based Value for Forge Global Holdings Inc (FRGE) under the Base Case is 21.09 USD. Compared with the current market price of 45 USD, the stock appears Overvalued by 53%.

Multiples-Based Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is relative valuation?

How is Multiples-Based Value calculated?

FRGE Multiples-Based Value

Base Case

Overvaluation 53%

Multiples-Based Value

Price $45

Worst Case

Base Case

Best Case

Valuation Multiples

View Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
US	F	Forge Global Holdings Inc NYSE:FRGE	616.5m USD	6.6	-9.8	-9.1	-8.5
ZA	I	Investec Ltd JSE:INL	240.6B ZAR	5	17.6	0	0
CH		UBS Group AG SIX:UBSG	96.3B CHF	2.4	16.3	0	0
BR		Banco BTG Pactual SA BOVESPA:BPAC5	344.4B BRL	4.6	28	33.5	35.6
DE		Deutsche Bank AG XETRA:DBK	52.3B EUR	1.5	8.5	0	0
AU		Macquarie Group Ltd ASX:MQG	77.6B AUD	4.2	22.5	0	0
KR		Mirae Asset Securities Co Ltd KRX:006800	27.6T KRW	1.1	17.9	6.6	6.6
CN	S	SPIC Industry Finance Holdings Co Ltd SZSE:000958	104.1B CNY	17.8	116	48.3	48.3
UK		Investec PLC LSE:INVP	5.7B GBP	2.5	8.9	0	0
IN		Motilal Oswal Financial Services Ltd NSE:MOTILALOFS	419.7B INR	6.4	22.4	16.9	17.5
CH		Credit Suisse Group AG SIX:CSGN	3.2B CHF	0.1	0.6	0	0

				Revenue Growth	P/S to Growth
US	F	Forge Global Holdings Inc NYSE:FRGE	Average P/S: 4.7 6.6	23%	0.3
ZA	I	Investec Ltd JSE:INL	5	N/A	N/A
CH		UBS Group AG SIX:UBSG	2.4	3%	0.8
BR		Banco BTG Pactual SA BOVESPA:BPAC5	4.6	-12%	N/A
DE		Deutsche Bank AG XETRA:DBK	1.5	1%	1.5
AU		Macquarie Group Ltd ASX:MQG	4.2	3%	1.4
KR		Mirae Asset Securities Co Ltd KRX:006800	1.1	-45%	N/A
CN	S	SPIC Industry Finance Holdings Co Ltd SZSE:000958	17.8	-2%	N/A
UK		Investec PLC LSE:INVP	2.5	4%	0.6
IN		Motilal Oswal Financial Services Ltd NSE:MOTILALOFS	6.4	14%	0.5
CH		Credit Suisse Group AG SIX:CSGN	0.1	2%	0.1

				Earnings Growth	PEG
US	F	Forge Global Holdings Inc NYSE:FRGE	Average P/E: 25.9 Negative Multiple: -9.8	N/A	N/A
ZA	I	Investec Ltd JSE:INL	17.6	14%	1.3
CH		UBS Group AG SIX:UBSG	16.3	27%	0.6
BR		Banco BTG Pactual SA BOVESPA:BPAC5	28	72%	0.4
DE		Deutsche Bank AG XETRA:DBK	8.5	12%	0.7
AU		Macquarie Group Ltd ASX:MQG	22.5	12%	1.9
KR		Mirae Asset Securities Co Ltd KRX:006800	17.9	7%	2.6
CN	S	SPIC Industry Finance Holdings Co Ltd SZSE:000958	116	59%	2
UK		Investec PLC LSE:INVP	8.9	13%	0.7
IN		Motilal Oswal Financial Services Ltd NSE:MOTILALOFS	22.4	14%	1.6
CH		Credit Suisse Group AG SIX:CSGN	0.6	N/A	N/A

				EBITDA Growth	EV/EBITDA to Growth
US	F	Forge Global Holdings Inc NYSE:FRGE	Average EV/EBITDA: 26.3 Negative Multiple: -9.1	N/A	N/A
ZA	I	Investec Ltd JSE:INL	Not Available	N/A	N/A
CH		UBS Group AG SIX:UBSG	Not Available	N/A	N/A
BR		Banco BTG Pactual SA BOVESPA:BPAC5	33.5	20%	1.7
DE		Deutsche Bank AG XETRA:DBK	Not Available	N/A	N/A
AU		Macquarie Group Ltd ASX:MQG	Not Available	N/A	N/A
KR		Mirae Asset Securities Co Ltd KRX:006800	6.6	N/A	N/A
CN	S	SPIC Industry Finance Holdings Co Ltd SZSE:000958	48.3	N/A	N/A
UK		Investec PLC LSE:INVP	Not Available	N/A	N/A
IN		Motilal Oswal Financial Services Ltd NSE:MOTILALOFS	16.9	7%	2.4
CH		Credit Suisse Group AG SIX:CSGN	Not Available	N/A	N/A

				EBIT Growth	EV/EBIT to Growth
US	F	Forge Global Holdings Inc NYSE:FRGE	Average EV/EBIT: 27 Negative Multiple: -8.5	N/A	N/A
ZA	I	Investec Ltd JSE:INL	Not Available	N/A	N/A
CH		UBS Group AG SIX:UBSG	Not Available	N/A	N/A
BR		Banco BTG Pactual SA BOVESPA:BPAC5	35.6	21%	1.7
DE		Deutsche Bank AG XETRA:DBK	Not Available	N/A	N/A
AU		Macquarie Group Ltd ASX:MQG	Not Available	N/A	N/A
KR		Mirae Asset Securities Co Ltd KRX:006800	6.6	-51%	N/A
CN	S	SPIC Industry Finance Holdings Co Ltd SZSE:000958	48.3	N/A	N/A
UK		Investec PLC LSE:INVP	Not Available	N/A	N/A
IN		Motilal Oswal Financial Services Ltd NSE:MOTILALOFS	17.5	7%	2.5
CH		Credit Suisse Group AG SIX:CSGN	Not Available	N/A	N/A

Forge Global Holdings Inc
NYSE:FRGE

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

FRGE Competitors Multiples
Forge Global Holdings Inc Competitors

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Forge Global Holdings Inc NYSE:FRGE

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

FRGE Competitors Multiples Forge Global Holdings Inc Competitors

See Also

Company

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Stocks

Forge Global Holdings Inc
NYSE:FRGE

FRGE Competitors Multiples
Forge Global Holdings Inc Competitors