FGEN and subsidiaries including geothermal operator Energy Development Corporation reported a 2020 financial result showing resiliency against the pandemic. The FGEN Group ended 2020 with a cash balance of US$ 772.2 Million, US$148.3 Million higher than at the end of the preceding year.
Short-term and current debts total to just US$464.3 Million. Servicing its debt will be of little concern as the FGEN Group generates strong cash flows from operations. In 2020, cash flow from operations was US$602.5 Million while capital expenditures for property, plant, and equipment was only US$147 Million.
Foreign exchange gains boosted its 2020 comprehensive income to US$503.2 Million as compared to just US$477.7 Million in 2019.
On 9 April 2020, FGEN closed at 31 just 8% below its 52-week high. But still at that price it is still valued below its book value. At that price, its Price/Book Value ratio is just at 0.8257 and its Price/Earnings ratio is just at 8.76. FGEN’s valuation is way below its peers.

You may follow our views and commentaries in Google News in the web or in the Google News app. Just search accuretti.com in Google News (or click this link). Then click the star to follow.