FET Fundamental Analysis - FORUM ENERGY TECHNOLOGIES IN

Fundamental Rating

FET gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 61 industry peers in the Energy Equipment & Services industry. While FET seems to be doing ok healthwise, there are quite some concerns on its profitability. FET is valued correctly, but it does not seem to be growing.

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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.

FET had negative earnings in 4 of the past 5 years.

In multiple years FET reported negative operating cash flow during the last 5 years.

1.2 Ratios

With a Return On Assets value of -13.52%, FET is not doing good in the industry: 90.16% of the companies in the same industry are doing better.

The Return On Equity of FET (-32.76%) is worse than 86.89% of its industry peers.

FET's Return On Invested Capital of 4.47% is on the low side compared to the rest of the industry. FET is outperformed by 62.30% of its industry peers.

The Average Return On Invested Capital over the past 3 years for FET is below the industry average of 8.01%.

The last Return On Invested Capital (4.47%) for FET is above the 3 year average (3.27%), which is a sign of increasing profitability.

		Industry Rank	Sector Rank
ROA	-13.52%
ROE	-32.76%
ROIC	4.47%

ROA(3y)-6.15%

ROA(5y)-7.96%

ROE(3y)-15.22%

ROE(5y)-18.93%

ROIC(3y)3.27%

ROIC(5y)N/A

1.3 Margins

The Operating Margin of FET (4.29%) is worse than 68.85% of its industry peers.

FET's Gross Margin of 30.67% is fine compared to the rest of the industry. FET outperforms 62.30% of its industry peers.

FET's Gross Margin has improved in the last couple of years.

		Industry Rank	Sector Rank
OM	4.29%
PM (TTM)	N/A
GM	30.67%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y9.14%

GM growth 5Y4.28%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FET is destroying value.

Compared to 1 year ago, FET has more shares outstanding

Compared to 5 years ago, FET has more shares outstanding

Compared to 1 year ago, FET has a worse debt to assets ratio.

2.2 Solvency

Based on the Altman-Z score of 0.52, we must say that FET is in the distress zone and has some risk of bankruptcy.

FET has a Altman-Z score of 0.52. This is amonst the worse of the industry: FET underperforms 81.97% of its industry peers.

FET has a debt to FCF ratio of 1.93. This is a very positive value and a sign of high solvency as it would only need 1.93 years to pay back of all of its debts.

FET has a better Debt to FCF ratio (1.93) than 75.41% of its industry peers.

A Debt/Equity ratio of 0.47 indicates that FET is not too dependend on debt financing.

Looking at the Debt to Equity ratio, with a value of 0.47, FET is in line with its industry, outperforming 44.26% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	0.47
Debt/FCF	1.93
Altman-Z	0.52

ROIC/WACC0.38

WACC11.79%

2.3 Liquidity

A Current Ratio of 2.41 indicates that FET has no problem at all paying its short term obligations.

FET has a better Current ratio (2.41) than 72.13% of its industry peers.

A Quick Ratio of 1.13 indicates that FET should not have too much problems paying its short term obligations.

Looking at the Quick ratio, with a value of 1.13, FET is doing worse than 72.13% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	2.41
Quick Ratio	1.13

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The earnings per share for FET have decreased strongly by -293.40% in the last year.

Looking at the last year, FET shows a small growth in Revenue. The Revenue has grown by 3.85% in the last year.

FET shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.12% yearly.

EPS 1Y (TTM)-293.4%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-42.86%

Revenue 1Y (TTM)3.85%

Revenue growth 3Y14.7%

Revenue growth 5Y-3.12%

Sales Q2Q%-2.63%

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 93.19% on average per year.

The Revenue is expected to grow by 1.77% on average over the next years.

EPS Next Y206.87%

EPS Next 2Y93.19%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year-5.62%

Revenue Next 2Y-2.63%

Revenue Next 3Y0.69%

Revenue Next 5Y1.77%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.

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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 17.14 indicates a rather expensive valuation of FET.

Based on the Price/Forward Earnings ratio, FET is valued a bit more expensive than 63.93% of the companies in the same industry.

FET's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.48.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	17.14

4.2 Price Multiples

FET's Enterprise Value to EBITDA ratio is in line with the industry average.

Based on the Price/Free Cash Flow ratio, FET is valued cheaply inside the industry as 98.36% of the companies are valued more expensively.

		Industry Rank	Sector Rank
P/FCF	3.69
EV/EBITDA	5.53

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.

A more expensive valuation may be justified as FET's earnings are expected to grow with 93.19% in the coming years.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y93.19%

EPS Next 3YN/A

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5. Dividend

5.1 Amount

FET does not give a dividend.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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FORUM ENERGY TECHNOLOGIES IN

NYSE:FET (9/3/2025, 8:14:11 PM)

After market: 25.53 0 (0%)

25.53

-0.71 (-2.71%)

Chartmill FA Rating

GICS SectorEnergy

GICS IndustryGroupEnergy

GICS IndustryEnergy Equipment & Services

Earnings (Last)08-07 2025-08-07/amc

Earnings (Next)10-29 2025-10-29/amc

Inst Owners65.26%

Inst Owner Change6.57%

Ins Owners4%

Ins Owner Change2.06%

Market Cap303.81M

Analysts45

Price Target31.62 (23.85%)

Short Float %1.53%

Short Ratio1.62

Dividend

		Industry Rank	Sector Rank
Dividend Yield	N/A

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)0

Avg EPS beat(2)-133.78%

Min EPS beat(2)-182.51%

Max EPS beat(2)-85.06%

EPS beat(4)0

Avg EPS beat(4)-314.27%

Min EPS beat(4)-964.09%

Max EPS beat(4)-25.41%

EPS beat(8)N/A

Avg EPS beat(8)N/A

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)0.68%

Min Revenue beat(2)-2.58%

Max Revenue beat(2)3.93%

Revenue beat(4)1

Avg Revenue beat(4)-1.04%

Min Revenue beat(4)-4.08%

Max Revenue beat(4)3.93%

Revenue beat(8)N/A

Avg Revenue beat(8)N/A

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)29.17%

PT rev (3m)3.33%

EPS NQ rev (1m)0%

EPS NQ rev (3m)-37.29%

EPS NY rev (1m)0%

EPS NY rev (3m)-9%

Revenue NQ rev (1m)0.31%

Revenue NQ rev (3m)-2.92%

Revenue NY rev (1m)0.16%

Revenue NY rev (3m)-1.49%

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	17.14
P/S	0.38
P/FCF	3.69
P/OCF	3.41
P/B	0.91
P/tB	1.84
EV/EBITDA	5.53

EPS(TTM)-0.73

EYN/A

EPS(NY)1.49

Fwd EY5.84%

FCF(TTM)6.93

FCFY27.13%

OCF(TTM)7.5

OCFY29.37%

SpS67.38

BVpS28.09

TBVpS13.89

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	-13.52%
ROE	-32.76%
ROCE	5.66%
ROIC	4.47%
ROICexc	4.77%
ROICexgc	6.79%
OM	4.29%
PM (TTM)	N/A
GM	30.67%
FCFM	10.28%

ROA(3y)-6.15%

ROA(5y)-7.96%

ROE(3y)-15.22%

ROE(5y)-18.93%

ROIC(3y)3.27%

ROIC(5y)N/A

ROICexc(3y)3.54%

ROICexc(5y)N/A

ROICexgc(3y)5.08%

ROICexgc(5y)N/A

ROCE(3y)4.15%

ROCE(5y)N/A

ROICexcg growth 3YN/A

ROICexcg growth 5YN/A

ROICexc growth 3YN/A

ROICexc growth 5YN/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y9.14%

GM growth 5Y4.28%

F-Score6

Asset Turnover0.99

Health

		Industry Rank	Sector Rank
Debt/Equity	0.47
Debt/FCF	1.93
Debt/EBITDA	2.01
Cap/Depr	15.49%
Cap/Sales	0.85%
Interest Coverage	250
Cash Conversion	113.97%
Profit Quality	N/A
Current Ratio	2.41
Quick Ratio	1.13
Altman-Z	0.52

F-Score6

WACC11.79%

ROIC/WACC0.38

Cap/Depr(3y)19.45%

Cap/Depr(5y)13.67%

Cap/Sales(3y)1.05%

Cap/Sales(5y)0.8%

Profit Quality(3y)N/A

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)-293.4%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-42.86%

EPS Next Y206.87%

EPS Next 2Y93.19%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)3.85%

Revenue growth 3Y14.7%

Revenue growth 5Y-3.12%

Sales Q2Q%-2.63%

Revenue Next Year-5.62%

Revenue Next 2Y-2.63%

Revenue Next 3Y0.69%

Revenue Next 5Y1.77%

EBIT growth 1Y19.49%

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next Year198.97%

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y3152.56%

FCF growth 3YN/A

FCF growth 5Y-1.14%

OCF growth 1Y2130.43%

OCF growth 3YN/A

OCF growth 5Y-2.4%

FORUM ENERGY TECHNOLOGIES IN (FET) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

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5. Dividend

5.1 Amount

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