FORTINET INC (1FTNT.MI) Stock Fundamental Analysis
Europe - BIT:1FTNT - US34959E1091 - Common Stock
70.7 EUR
+1.52 (+2.2%)
Overall 1FTNT gets a fundamental rating of 7 out of 10. We evaluated 1FTNT against 111 industry peers in the Software industry. 1FTNT scores excellent points on both the profitability and health parts. This is a solid base for a good stock. 1FTNT is valued quite expensive, but it does show an excellent growth. With these ratings, 1FTNT could be worth investigating further for growth and quality investing!.
1. Profitability
1.1 Basic Checks
In the past year 1FTNT was profitable.
1FTNT had a positive operating cash flow in the past year.
Each year in the past 5 years 1FTNT has been profitable.
Each year in the past 5 years 1FTNT had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 18.23%, 1FTNT belongs to the top of the industry, outperforming 93.69% of the companies in the same industry.
Looking at the Return On Equity, with a value of 94.14%, 1FTNT belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
1FTNT has a better Return On Invested Capital (29.24%) than 95.50% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for 1FTNT is significantly above the industry average of 12.66%.
The 3 year average ROIC (28.58%) for 1FTNT is below the current ROIC(29.24%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.23% | ||
| ROE | 94.14% | ||
| ROIC | 29.24% |
ROA(3y)15.82%
ROA(5y)13.96%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)28.58%
ROIC(5y)24.19%
1.3 Margins
1FTNT has a better Profit Margin (30.60%) than 89.19% of its industry peers.
In the last couple of years the Profit Margin of 1FTNT has grown nicely.
The Operating Margin of 1FTNT (30.85%) is better than 88.29% of its industry peers.
In the last couple of years the Operating Margin of 1FTNT has grown nicely.
1FTNT's Gross Margin of 81.42% is fine compared to the rest of the industry. 1FTNT outperforms 74.77% of its industry peers.
1FTNT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.85% | ||
| PM (TTM) | 30.6% | ||
| GM | 81.42% |
OM growth 3Y16.85%
OM growth 5Y13.69%
PM growth 3Y17.3%
PM growth 5Y13.83%
GM growth 3Y1.97%
GM growth 5Y1.17%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 1FTNT is creating value.
The number of shares outstanding for 1FTNT remains at a similar level compared to 1 year ago.
1FTNT has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, 1FTNT has an improved debt to assets ratio.
2.2 Solvency
1FTNT has an Altman-Z score of 5.83. This indicates that 1FTNT is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of 1FTNT (5.83) is better than 74.77% of its industry peers.
The Debt to FCF ratio of 1FTNT is 0.49, which is an excellent value as it means it would take 1FTNT, only 0.49 years of fcf income to pay off all of its debts.
1FTNT has a Debt to FCF ratio of 0.49. This is amongst the best in the industry. 1FTNT outperforms 87.39% of its industry peers.
A Debt/Equity ratio of 0.24 indicates that 1FTNT is not too dependend on debt financing.
The Debt to Equity ratio of 1FTNT (0.24) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 0.49 | ||
| Altman-Z | 5.83 |
ROIC/WACC2.68
WACC10.93%
2.3 Liquidity
A Current Ratio of 1.33 indicates that 1FTNT should not have too much problems paying its short term obligations.
1FTNT has a Current ratio of 1.33. This is comparable to the rest of the industry: 1FTNT outperforms 46.85% of its industry peers.
A Quick Ratio of 1.24 indicates that 1FTNT should not have too much problems paying its short term obligations.
1FTNT has a Quick ratio (1.24) which is comparable to the rest of the industry.
The current and quick ratio evaluation for 1FTNT is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.24 |
3. Growth
3.1 Past
1FTNT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 34.90%, which is quite impressive.
1FTNT shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 36.84% yearly.
1FTNT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.46%.
1FTNT shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.46% yearly.
EPS 1Y (TTM)34.9%
EPS 3Y43.86%
EPS 5Y36.84%
EPS Q2Q%12.28%
Revenue 1Y (TTM)14.46%
Revenue growth 3Y21.24%
Revenue growth 5Y22.46%
Sales Q2Q%13.64%
3.2 Future
1FTNT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.97% yearly.
Based on estimates for the next years, 1FTNT will show a quite strong growth in Revenue. The Revenue will grow by 13.02% on average per year.
EPS Next Y8.46%
EPS Next 2Y9.59%
EPS Next 3Y10.3%
EPS Next 5Y8.97%
Revenue Next Year14.58%
Revenue Next 2Y13.1%
Revenue Next 3Y12.33%
Revenue Next 5Y13.02%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 31.70, the valuation of 1FTNT can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of 1FTNT indicates a somewhat cheap valuation: 1FTNT is cheaper than 64.86% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 25.89. 1FTNT is valued slightly more expensive when compared to this.
With a Price/Forward Earnings ratio of 28.86, 1FTNT can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of 1FTNT is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of 1FTNT to the average of the S&P500 Index (34.59), we can say 1FTNT is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.7 | ||
| Fwd PE | 28.86 |
4.2 Price Multiples
1FTNT's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, 1FTNT is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.97 | ||
| EV/EBITDA | 27.78 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates 1FTNT does not grow enough to justify the current Price/Earnings ratio.
1FTNT has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)3.75
PEG (5Y)0.86
EPS Next 2Y9.59%
EPS Next 3Y10.3%
5. Dividend
5.1 Amount
1FTNT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
BIT:1FTNT (11/10/2025, 7:00:00 PM)
70.7
+1.52 (+2.2%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners71.66%
Inst Owner ChangeN/A
Ins Owners16.86%
Ins Owner ChangeN/A
Market Cap54.18B
Revenue(TTM)6.34B
Net Income(TTM)1.94B
Analysts68.24
Price Target79.05 (11.81%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.39%
Min EPS beat(2)6.18%
Max EPS beat(2)6.61%
EPS beat(4)4
Avg EPS beat(4)13.02%
Min EPS beat(4)6.18%
Max EPS beat(4)19.74%
EPS beat(8)8
Avg EPS beat(8)15.55%
EPS beat(12)12
Avg EPS beat(12)14.84%
EPS beat(16)16
Avg EPS beat(16)13.18%
Revenue beat(2)0
Avg Revenue beat(2)-1.81%
Min Revenue beat(2)-1.99%
Max Revenue beat(2)-1.63%
Revenue beat(4)1
Avg Revenue beat(4)-0.41%
Min Revenue beat(4)-1.99%
Max Revenue beat(4)2.1%
Revenue beat(8)2
Avg Revenue beat(8)-0.84%
Revenue beat(12)4
Avg Revenue beat(12)-0.75%
Revenue beat(16)6
Avg Revenue beat(16)-0.1%
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)0.01%
EPS NQ rev (3m)2.72%
EPS NY rev (1m)0.03%
EPS NY rev (3m)1.54%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.63%
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)-0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.7 | ||
| Fwd PE | 28.86 | ||
| P/S | 9.93 | ||
| P/FCF | 30.97 | ||
| P/OCF | 26.22 | ||
| P/B | 30.55 | ||
| P/tB | 37.51 | ||
| EV/EBITDA | 27.78 |
EPS(TTM)2.23
EY3.15%
EPS(NY)2.45
Fwd EY3.47%
FCF(TTM)2.28
FCFY3.23%
OCF(TTM)2.7
OCFY3.81%
SpS7.12
BVpS2.31
TBVpS1.88
PEG (NY)3.75
PEG (5Y)0.86
Graham Number10.78
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.23% | ||
| ROE | 94.14% | ||
| ROCE | 33.34% | ||
| ROIC | 29.24% | ||
| ROICexc | 131.78% | ||
| ROICexgc | 186.57% | ||
| OM | 30.85% | ||
| PM (TTM) | 30.6% | ||
| GM | 81.42% | ||
| FCFM | 32.07% |
ROA(3y)15.82%
ROA(5y)13.96%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)28.58%
ROIC(5y)24.19%
ROICexc(3y)95.75%
ROICexc(5y)91.08%
ROICexgc(3y)117.7%
ROICexgc(5y)117.86%
ROCE(3y)32.59%
ROCE(5y)27.58%
ROICexgc growth 3Y23.93%
ROICexgc growth 5Y1.09%
ROICexc growth 3Y22.17%
ROICexc growth 5Y2.73%
OM growth 3Y16.85%
OM growth 5Y13.69%
PM growth 3Y17.3%
PM growth 5Y13.83%
GM growth 3Y1.97%
GM growth 5Y1.17%
F-Score8
Asset Turnover0.6
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 0.49 | ||
| Debt/EBITDA | 0.24 | ||
| Cap/Depr | 264.7% | ||
| Cap/Sales | 5.81% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 114.64% | ||
| Profit Quality | 104.8% | ||
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.24 | ||
| Altman-Z | 5.83 |
F-Score8
WACC10.93%
ROIC/WACC2.68
Cap/Depr(3y)252.71%
Cap/Depr(5y)258.35%
Cap/Sales(3y)5.53%
Cap/Sales(5y)6.06%
Profit Quality(3y)142.53%
Profit Quality(5y)164.41%
High Growth Momentum
Growth
EPS 1Y (TTM)34.9%
EPS 3Y43.86%
EPS 5Y36.84%
EPS Q2Q%12.28%
EPS Next Y8.46%
EPS Next 2Y9.59%
EPS Next 3Y10.3%
EPS Next 5Y8.97%
Revenue 1Y (TTM)14.46%
Revenue growth 3Y21.24%
Revenue growth 5Y22.46%
Sales Q2Q%13.64%
Revenue Next Year14.58%
Revenue Next 2Y13.1%
Revenue Next 3Y12.33%
Revenue Next 5Y13.02%
EBIT growth 1Y34.55%
EBIT growth 3Y41.66%
EBIT growth 5Y39.22%
EBIT Next Year19.33%
EBIT Next 3Y14.96%
EBIT Next 5Y17.24%
FCF growth 1Y2.77%
FCF growth 3Y16%
FCF growth 5Y21.29%
OCF growth 1Y8.95%
OCF growth 3Y14.62%
OCF growth 5Y22.82%
FORTINET INC / 1FTNT.MI FAQ
What is the fundamental rating for 1FTNT stock?
ChartMill assigns a fundamental rating of 7 / 10 to 1FTNT.MI.
What is the valuation status for 1FTNT stock?
ChartMill assigns a valuation rating of 3 / 10 to FORTINET INC (1FTNT.MI). This can be considered as Overvalued.
Can you provide the profitability details for FORTINET INC?
FORTINET INC (1FTNT.MI) has a profitability rating of 9 / 10.
What is the financial health of FORTINET INC (1FTNT.MI) stock?
The financial health rating of FORTINET INC (1FTNT.MI) is 8 / 10.
What is the expected EPS growth for FORTINET INC (1FTNT.MI) stock?
The Earnings per Share (EPS) of FORTINET INC (1FTNT.MI) is expected to grow by 8.46% in the next year.