Falcon's Beyond Global Inc. Class A Common Stock (FBYD)

FairStock Score: 42/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable earning power, honest accounting, and a margin of safety. Falcon's Beyond is an entertainment design and advisory firm with only 243 employees. Its revenue is tiny: in fiscal 2025, the year ended 2025-12-31, revenue was $14.9M and net income was $6.3M, or $0.03 per diluted share. The quarterly record is erratic: fiscal Q1 2026, the quarter ended 2026-03-31, had net income of $3.1M and diluted EPS of $0.05, while fiscal Q2 2026, the quarter ended 2026-06-30, had revenue of $5.6M and a net loss of $0.16M, or diluted EPS of -$0.01. Earlier, fiscal Q2 2025, the quarter ended 2025-06-30, had net income of $11.2M, and fiscal Q3 2025, the quarter ended 2025-09-30, lost $10.4M. That is not smooth compounding. FairStock's Lynch category calls it a TURNAROUND because it returned to profit after a loss within three years, but a turnaround is not the same as a durable competitive moat. Project-based creative services rarely possess pricing power. Financial health is mixed: FairStock's Piotroski F-Score is 7/9 and Altman Z-Score is 6.11, yet free cash flow is -$18.1M and FCF yield is -4.4%. The balance sheet has D/E of 0.62. Valuation offers no comfort: at the 2026-10-13 close of $8.36, FairStock computes P/B of 26.97, P/E of -76.00, ROE of -31.82%, and ROCE of -11.83%. I would need consistent positive cash earnings and a much lower price before calling this a Graham-style bargain.

In plain English: Falcon's Beyond designs entertainment attractions and destinations. Its sales are small and uneven, and it is not producing positive cash flow. At the current share price, the market is paying a very high price relative to the company's accounting value and earnings, so it looks expensive rather than cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer