FORUM ENERGY TECHNOLOGIES IN (FET) Fundamental Analysis & Valuation

NYSE:FET • US34984V2097

Current stock price

61.93 USD
+1.25 (+2.06%)
At close:
61 USD
-0.93 (-1.5%)
After Hours:

This FET fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. FET Profitability Analysis

1.1 Basic Checks

  • In the past year FET was profitable.
  • FET had a positive operating cash flow in the past year.
  • In the past 5 years FET reported 4 times negative net income.
  • In multiple years FET reported negative operating cash flow during the last 5 years.
FET Yearly Net Income VS EBIT VS OCF VS FCFFET Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -200M -400M

1.2 Ratios

  • FET has a worse Return On Assets (-1.28%) than 69.35% of its industry peers.
  • FET has a Return On Equity of -3.32%. This is in the lower half of the industry: FET underperforms 70.97% of its industry peers.
  • FET has a Return On Invested Capital of 2.77%. This is in the lower half of the industry: FET underperforms 61.29% of its industry peers.
  • FET had an Average Return On Invested Capital over the past 3 years of 4.65%. This is significantly below the industry average of 13.08%.
Industry RankSector Rank
ROA -1.28%
ROE -3.32%
ROIC 2.77%
ROA(3y)-6.72%
ROA(5y)-6.04%
ROE(3y)-16.73%
ROE(5y)-14.82%
ROIC(3y)4.65%
ROIC(5y)N/A
FET Yearly ROA, ROE, ROICFET Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -20 -40 -60 -80 -100

1.3 Margins

  • FET has a worse Operating Margin (2.42%) than 66.13% of its industry peers.
  • In the last couple of years the Operating Margin of FET has grown nicely.
  • The Gross Margin of FET (27.67%) is better than 62.90% of its industry peers.
  • In the last couple of years the Gross Margin of FET has grown nicely.
Industry RankSector Rank
OM 2.42%
PM (TTM) N/A
GM 27.67%
OM growth 3Y43.17%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.36%
GM growth 5YN/A
FET Yearly Profit, Operating, Gross MarginsFET Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40

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5

2. FET Health Analysis

2.1 Basic Checks

  • FET has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, FET has less shares outstanding
  • Compared to 5 years ago, FET has more shares outstanding
  • The debt/assets ratio for FET has been reduced compared to a year ago.
FET Yearly Shares OutstandingFET Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2M 4M 6M 8M 10M
FET Yearly Total Debt VS Total AssetsFET Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • Based on the Altman-Z score of 0.85, we must say that FET is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.85, FET is not doing good in the industry: 77.42% of the companies in the same industry are doing better.
  • The Debt to FCF ratio of FET is 2.11, which is a good value as it means it would take FET, 2.11 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.11, FET is in the better half of the industry, outperforming 75.81% of the companies in the same industry.
  • A Debt/Equity ratio of 0.46 indicates that FET is not too dependend on debt financing.
  • FET has a Debt to Equity ratio (0.46) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.46
Debt/FCF 2.11
Altman-Z 0.85
ROIC/WACC0.31
WACC8.82%
FET Yearly LT Debt VS Equity VS FCFFET Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B

2.3 Liquidity

  • A Current Ratio of 2.17 indicates that FET has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 2.17, FET is in the better half of the industry, outperforming 66.13% of the companies in the same industry.
  • A Quick Ratio of 1.01 indicates that FET should not have too much problems paying its short term obligations.
  • The Quick ratio of FET (1.01) is worse than 70.97% of its industry peers.
Industry RankSector Rank
Current Ratio 2.17
Quick Ratio 1.01
FET Yearly Current Assets VS Current LiabilitesFET Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. FET Growth Analysis

3.1 Past

  • FET shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 172.09%, which is quite impressive.
  • Looking at the last year, FET shows a decrease in Revenue. The Revenue has decreased by -3.06% in the last year.
  • The Revenue has been growing by 9.08% on average over the past years. This is quite good.
EPS 1Y (TTM)172.09%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%185.42%
Revenue 1Y (TTM)-3.06%
Revenue growth 3Y4.18%
Revenue growth 5Y9.08%
Sales Q2Q%0.6%

3.2 Future

  • The Earnings Per Share is expected to grow by 108.95% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 3.49% on average over the next years.
EPS Next Y229.06%
EPS Next 2Y108.95%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.87%
Revenue Next 2Y7.41%
Revenue Next 3Y3.37%
Revenue Next 5Y3.49%

3.3 Evolution

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
FET Yearly Revenue VS EstimatesFET Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 200M 400M 600M 800M 1B
FET Yearly EPS VS EstimatesFET Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2024 2025 2026 2027 0 -10 -20

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4

4. FET Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 99.89, which means the current valuation is very expensive for FET.
  • The rest of the industry has a similar Price/Earnings ratio as FET.
  • FET is valuated expensively when we compare the Price/Earnings ratio to 27.42, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 30.35, the valuation of FET can be described as expensive.
  • FET's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.24, FET is valued a bit more expensive.
Industry RankSector Rank
PE 99.89
Fwd PE 30.35
FET Price Earnings VS Forward Price EarningsFET Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FET indicates a slightly more expensive valuation: FET is more expensive than 75.81% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, FET is valued cheaply inside the industry as 88.71% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 10.9
EV/EBITDA 14.91
FET Per share dataFET EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • FET's earnings are expected to grow with 108.95% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.44
PEG (5Y)N/A
EPS Next 2Y108.95%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. FET Dividend Analysis

5.1 Amount

  • FET does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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FET Fundamentals: All Metrics, Ratios and Statistics

FORUM ENERGY TECHNOLOGIES IN

NYSE:FET (4/24/2026, 8:04:00 PM)

After market: 61 -0.93 (-1.5%)

61.93

+1.25 (+2.06%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-19
Earnings (Next)05-01
Inst Owners74.97%
Inst Owner Change0.08%
Ins Owners6.68%
Ins Owner Change6.56%
Market Cap701.67M
Revenue(TTM)791.47M
Net Income(TTM)-9.66M
Analysts45
Price Target65.28 (5.41%)
Short Float %2.96%
Short Ratio1.25
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)26.73%
Min EPS beat(2)12.76%
Max EPS beat(2)40.7%
EPS beat(4)2
Avg EPS beat(4)-53.53%
Min EPS beat(4)-182.51%
Max EPS beat(4)40.7%
EPS beat(8)3
Avg EPS beat(8)-161.63%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)2.53%
Min Revenue beat(2)-0.03%
Max Revenue beat(2)5.09%
Revenue beat(4)2
Avg Revenue beat(4)1.6%
Min Revenue beat(4)-2.58%
Max Revenue beat(4)5.09%
Revenue beat(8)2
Avg Revenue beat(8)-0.93%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)77.78%
EPS NQ rev (1m)4.76%
EPS NQ rev (3m)37.5%
EPS NY rev (1m)49.63%
EPS NY rev (3m)23.55%
Revenue NQ rev (1m)1.46%
Revenue NQ rev (3m)3.87%
Revenue NY rev (1m)0.98%
Revenue NY rev (3m)4.98%
Valuation
Industry RankSector Rank
PE 99.89
Fwd PE 30.35
P/S 0.89
P/FCF 10.9
P/OCF 9.97
P/B 2.41
P/tB 5.28
EV/EBITDA 14.91
EPS(TTM)0.62
EY1%
EPS(NY)2.04
Fwd EY3.29%
FCF(TTM)5.68
FCFY9.18%
OCF(TTM)6.21
OCFY10.03%
SpS69.86
BVpS25.7
TBVpS11.72
PEG (NY)0.44
PEG (5Y)N/A
Graham Number18.9333 (-69.43%)
Profitability
Industry RankSector Rank
ROA -1.28%
ROE -3.32%
ROCE 3.5%
ROIC 2.77%
ROICexc 2.96%
ROICexgc 4.28%
OM 2.42%
PM (TTM) N/A
GM 27.67%
FCFM 8.14%
ROA(3y)-6.72%
ROA(5y)-6.04%
ROE(3y)-16.73%
ROE(5y)-14.82%
ROIC(3y)4.65%
ROIC(5y)N/A
ROICexc(3y)5%
ROICexc(5y)N/A
ROICexgc(3y)7.17%
ROICexgc(5y)N/A
ROCE(3y)5.89%
ROCE(5y)N/A
ROICexgc growth 3Y53.15%
ROICexgc growth 5YN/A
ROICexc growth 3Y54.99%
ROICexc growth 5YN/A
OM growth 3Y43.17%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.36%
GM growth 5YN/A
F-Score6
Asset Turnover1.05
Health
Industry RankSector Rank
Debt/Equity 0.46
Debt/FCF 2.11
Debt/EBITDA 2.54
Cap/Depr 17.82%
Cap/Sales 0.76%
Interest Coverage 1.13
Cash Conversion 133.12%
Profit Quality N/A
Current Ratio 2.17
Quick Ratio 1.01
Altman-Z 0.85
F-Score6
WACC8.82%
ROIC/WACC0.31
Cap/Depr(3y)18.62%
Cap/Depr(5y)16.37%
Cap/Sales(3y)0.94%
Cap/Sales(5y)0.87%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)172.09%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%185.42%
EPS Next Y229.06%
EPS Next 2Y108.95%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-3.06%
Revenue growth 3Y4.18%
Revenue growth 5Y9.08%
Sales Q2Q%0.6%
Revenue Next Year7.87%
Revenue Next 2Y7.41%
Revenue Next 3Y3.37%
Revenue Next 5Y3.49%
EBIT growth 1Y-46.42%
EBIT growth 3Y49.16%
EBIT growth 5YN/A
EBIT Next Year117.37%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-23.39%
FCF growth 3YN/A
FCF growth 5Y106.86%
OCF growth 1Y-23.63%
OCF growth 3YN/A
OCF growth 5Y78.36%

FORUM ENERGY TECHNOLOGIES IN / FET Fundamental Analysis FAQ

What is the ChartMill fundamental rating of FORUM ENERGY TECHNOLOGIES IN (FET) stock?

ChartMill assigns a fundamental rating of 3 / 10 to FET.


What is the valuation status for FET stock?

ChartMill assigns a valuation rating of 4 / 10 to FORUM ENERGY TECHNOLOGIES IN (FET). This can be considered as Fairly Valued.


Can you provide the profitability details for FORUM ENERGY TECHNOLOGIES IN?

FORUM ENERGY TECHNOLOGIES IN (FET) has a profitability rating of 2 / 10.


Can you provide the PE and PB ratios for FET stock?

The Price/Earnings (PE) ratio for FORUM ENERGY TECHNOLOGIES IN (FET) is 99.89 and the Price/Book (PB) ratio is 2.41.


Can you provide the expected EPS growth for FET stock?

The Earnings per Share (EPS) of FORUM ENERGY TECHNOLOGIES IN (FET) is expected to grow by 229.06% in the next year.