FORUM ENERGY TECHNOLOGIES IN (FET)
US34984V2097 - Common Stock
FET gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 65 industry peers in the Energy Equipment & Services industry. Both the profitability and financial health of FET have multiple concerns. FET is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year FET has reported negative net income.
In the past year FET had a positive cash flow from operations.
In the past 5 years FET reported 4 times negative net income.
The reported operating cash flow has been mixed in the past 5 years: FET reported negative operating cash flow in multiple years.
1.2 Ratios
The Return On Assets of FET (-2.30%) is worse than 78.46% of its industry peers.
Looking at the Return On Equity, with a value of -4.58%, FET is doing worse than 76.92% of the companies in the same industry.
With a Return On Invested Capital value of 3.05%, FET is not doing good in the industry: 66.15% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.3% | ||
| ROE | -4.58% | ||
| ROIC | 3.05% |
ROA(3y)-4.1%
ROA(5y)-14.42%
ROE(3y)-9.5%
ROE(5y)-33.81%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Operating Margin, with a value of 3.22%, FET is doing worse than 73.85% of the companies in the same industry.
With a Gross Margin value of 27.62%, FET perfoms like the industry average, outperforming 49.23% of the companies in the same industry.
FET's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.22% | ||
| PM (TTM) | N/A | ||
| GM | 27.62% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y2.78%
2. Health
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.
The number of shares outstanding for FET has been increased compared to 1 year ago.
FET has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, FET has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of FET is 436.00, which is on the high side as it means it would take FET, 436.00 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 436.00, FET is not doing good in the industry: 70.77% of the companies in the same industry are doing better.
FET has a Debt/Equity ratio of 0.31. This is a healthy value indicating a solid balance between debt and equity.
FET has a Debt to Equity ratio (0.31) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 436 | ||
| Altman-Z | N/A |
ROIC/WACC0.44
WACC6.93%
2.3 Liquidity
A Current Ratio of 2.59 indicates that FET has no problem at all paying its short term obligations.
FET's Current ratio of 2.59 is fine compared to the rest of the industry. FET outperforms 73.85% of its industry peers.
A Quick Ratio of 1.13 indicates that FET should not have too much problems paying its short term obligations.
FET has a Quick ratio of 1.13. This is in the lower half of the industry: FET underperforms 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.59 | ||
| Quick Ratio | 1.13 |
3. Growth
3.1 Past
FET shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -32.65%.
FET shows a small growth in Revenue. In the last year, the Revenue has grown by 5.57%.
The Revenue has been decreasing by -7.04% on average over the past years.
EPS 1Y (TTM)-32.65%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q25.81%
Revenue 1Y (TTM)5.57%
Revenue growth 3Y12.97%
Revenue growth 5Y-7.04%
Revenue growth Q2Q-2.88%
3.2 Future
Based on estimates for the next years, FET will show a very strong growth in Earnings Per Share. The EPS will grow by 60.55% on average per year.
FET is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.74% yearly.
EPS Next Y107.09%
EPS Next 2Y60.55%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year18.44%
Revenue Next 2Y11.74%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for FET. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 148.51 indicates a quite expensive valuation of FET.
Based on the Price/Forward Earnings ratio, FET is valued more expensive than 81.54% of the companies in the same industry.
FET is valuated expensively when we compare the Price/Forward Earnings ratio to 21.67, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 148.51 |
4.2 Price Multiples
FET's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. FET is cheaper than 63.08% of the companies in the same industry.
70.77% of the companies in the same industry are cheaper than FET, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 798.2 | ||
| EV/EBITDA | 5.53 |
4.3 Compensation for Growth
FET's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as FET's earnings are expected to grow with 60.55% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y60.55%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FET does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
FORUM ENERGY TECHNOLOGIES IN
NYSE:FET (4/25/2024, 8:55:38 AM)
19.5
+0.05 (+0.26%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap239.46M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 148.51 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.3% | ||
| ROE | -4.58% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 3.22% | ||
| PM (TTM) | N/A | ||
| GM | 27.62% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.9
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.59 | ||
| Quick Ratio | 1.13 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-32.65%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y107.09%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)5.57%
Revenue growth 3Y12.97%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y