An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
In plain words · FIGS, Inc., together with its subsidiary, FIGS Canada, Inc., operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally.
VERDICT
The label
Distribution
read at $10.31
FIGS, Inc. holds its Distribution at $10.31.
PHPhase · the trend structure carries the Distribution label
INInsiders · no filings inside 60 days, left as found
POPositioning · no disclosures inside 60 days, left as found
OPOptions · no verdict drawn today, left as found
SCScreen · passes the values gate
edge confirmed
edge broken
edge forming
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
INVESTOR
The investor read · the season, not the day
As held on the ledger · 2026-07-19
Phase
Distribution · caution
Quantitative state
Elevated stress, defensive posture warranted, held for 13 days
Price
$10.31
Valuation
46.86 trailing · 32.10 forward price to earnings
Values screen
PASS· score 70.0
Beta
1.01
OPPORTUNITY
The opportunity · what the numbers say it is worth
Read at
$10.31
46.86 P/E · 32.10 fwd
Our fair value
$12.03
17% discount
Analyst target (avg)
$17.00
+65% to current
Target low $14.00Analyst target rangeTarget high $22.00
▲ current $10.31 · | average target
Price history & projections · where it has been, where the models see it going
The valuation journey · where the price sits against fair value and the Street
Current
$10.31
you are here
Conservative
$12.03
+17%
Analyst avg
$17.00
+65%
Our fair value
$12.03
+17%
Analyst high
$22.00
+113%
Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Revenue growth
28.00%
Profit margin
6.10%
Debt to equity
14.07
Analyst consensus
None · 8 covering
Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.
SCREEN
The values screen, explained · five checks, plain English
This company clears both standards. There are two widely recognised ways to check whether a company is suitable for a Muslim investor. Here is how it did on each:
The common standard· AAOIFI Used by most halal investing apps✓ PASSES
Our stricter standard· asset-based The one Titan applies✓ PASSES
Business activityIts core business isn't built on prohibited lines — no gambling, alcohol, tobacco, weapons, or interest-based lending.Pass
Debt loadInterest-bearing debt is of its assets, above the one-third ceiling the screen allows.Fail
Interest-bearing cashInterest-bearing cash and securities are of assets, above the one-third limit.Fail
ReceivablesMoney owed to the company is of assets, above the 49% limit.Fail
Revenue purityOnly 0.0% of revenue comes from non-compliant sources — under the 5% line.Pass
Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.
PLAIN
The business, in plain words · what the numbers mean
Scrubs seller shows growth but no edge
Every time a nurse buys a new set of scrubs online, the order lands with FIGS and its direct-to-consumer model. The business is expanding revenue at 28 percent, yet it trades at 32 times forward earnings with a 6 percent profit margin and 10 percent return on equity. Those figures leave little room for error, and the opportunity rating stays at none.
The ethical screen clears, which rules out any bar on labour or supply-chain grounds. Still, the unknown moat and the fact that eight analysts cannot agree on a single rating point to a company that has not yet proved durable pricing power or lasting loyalty.
Consumer cyclical demand for apparel can swing quickly with hospital budgets and fashion shifts. At this multiple the market already prices in strong growth; any slowdown would compress the shares sharply. Analysis, not advice.
Screened names in the same industry · explore each on its own page.
TRADE
Where & how to trade · wherever in the world you are
FIGS trades on the NYSE. As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.
TRADER
The trader read · the latest dated commentary
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 13.8% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 12% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 121%. Our forward projection puts the odds of a 10% gain over the next month near 39%. The street (8 analysts) rates it none, with a mean price target of $18. Entered 2026-07-28 · Distribution
JOURNAL
The dated journal · newest first, never edited
2026-07-28Distribution$10.31-13.8%Entry 4
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 13.8% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 12% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 121%. Our forward projection puts the odds of a 10% gain over the next month near 39%. The street (8 analysts) rates it none, with a mean price target of $18.
2026-07-18Distribution$11.96+0.0%Entry 3
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 12% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 121%. Our forward projection puts the odds of a 10% gain over the next month near 39%. The street (8 analysts) rates it none, with a mean price target of $18.
2026-07-03Distribution$11.96+0.0%Entry 2
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Distribution$11.96Entry 1
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
RETURNS
What holding actually paid · price plus dividends
If $1,000 had been placed · historical, not a promise
Period
Price then
Price return
Divs per share
$1,000 became
Total return
1 month
$11.94
-3.9%
·
$962
-3.9%
2 months
$14.22
-19.3%
·
$807
-19.3%
3 months
$15.00
-23.5%
·
$765
-23.5%
6 months
$11.68
-1.7%
·
$983
-1.7%
1 year
$5.20
+120.8%
·
$2,208
+120.8%
2 years
$5.60
+105.0%
·
$2,050
+105.0%
3 years
$7.97
+44.0%
·
$1,440
+44.0%
5 years
$34.18
-66.4%
·
$336
-66.4%
Historical returns from market close data. Past performance does not guarantee future results.
SEALED
This entry now belongs to the ledger. Whatever FIGS does next, these words stay.
FIGS, Inc. · FIGS · Distribution · $10.31
Recorded 2026-07-19 · before the outcome · scored mechanically
