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FORUM ENERGY TECHNOLOGIES IN (FET) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:FET - US34984V2097 - Common Stock

31.03 USD
+0.55 (+1.8%)
Last: 11/28/2025, 12:31:20 PM
Fundamental Rating

3

Overall FET gets a fundamental rating of 3 out of 10. We evaluated FET against 60 industry peers in the Energy Equipment & Services industry. The financial health of FET is average, but there are quite some concerns on its profitability. FET has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

FET had negative earnings in the past year.
In the past year FET had a positive cash flow from operations.
FET had negative earnings in 4 of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: FET reported negative operating cash flow in multiple 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -200M -400M

1.2 Ratios

The Return On Assets of FET (-14.96%) is worse than 91.67% of its industry peers.
FET has a worse Return On Equity (-38.76%) than 90.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 2.08%, FET is doing worse than 73.33% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FET is below the industry average of 7.66%.
Industry RankSector Rank
ROA -14.96%
ROE -38.76%
ROIC 2.08%
ROA(3y)-6.15%
ROA(5y)-7.96%
ROE(3y)-15.22%
ROE(5y)-18.93%
ROIC(3y)3.27%
ROIC(5y)N/A
FET Yearly ROA, ROE, ROICFET Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40 -60 -80 -100

1.3 Margins

With a Operating Margin value of 1.87%, FET is not doing good in the industry: 78.33% of the companies in the same industry are doing better.
FET's Gross Margin of 27.89% is fine compared to the rest of the industry. FET outperforms 63.33% of its industry peers.
FET's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 1.87%
PM (TTM) N/A
GM 27.89%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y9.14%
GM growth 5Y4.28%
FET Yearly Profit, Operating, Gross MarginsFET Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40

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4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FET is destroying value.
FET has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, FET has more shares outstanding
The debt/assets ratio for FET is higher compared to a year ago.
FET Yearly Shares OutstandingFET Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
FET Yearly Total Debt VS Total AssetsFET Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

Based on the Altman-Z score of 0.38, we must say that FET is in the distress zone and has some risk of bankruptcy.
FET's Altman-Z score of 0.38 is on the low side compared to the rest of the industry. FET is outperformed by 81.67% of its industry peers.
FET has a debt to FCF ratio of 1.76. This is a very positive value and a sign of high solvency as it would only need 1.76 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.76, FET is in the better half of the industry, outperforming 78.33% of the companies in the same industry.
A Debt/Equity ratio of 0.47 indicates that FET is not too dependend on debt financing.
FET has a Debt to Equity ratio (0.47) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 1.76
Altman-Z 0.38
ROIC/WACC0.19
WACC11.11%
FET Yearly LT Debt VS Equity VS FCFFET Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

2.3 Liquidity

FET has a Current Ratio of 2.19. This indicates that FET is financially healthy and has no problem in meeting its short term obligations.
FET has a better Current ratio (2.19) than 61.67% of its industry peers.
FET has a Quick Ratio of 1.01. This is a normal value and indicates that FET is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.01, FET is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 2.19
Quick Ratio 1.01
FET Yearly Current Assets VS Current LiabilitesFET Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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3

3. Growth

3.1 Past

FET shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -123.29%.
Looking at the last year, FET shows a decrease in Revenue. The Revenue has decreased by -1.29% 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)-123.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%242.11%
Revenue 1Y (TTM)-1.29%
Revenue growth 3Y14.7%
Revenue growth 5Y-3.12%
Sales Q2Q%-5.57%

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 74.35% on average per year.
FET is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.77% yearly.
EPS Next Y159.31%
EPS Next 2Y88.73%
EPS Next 3Y74.35%
EPS Next 5YN/A
Revenue Next Year-5.25%
Revenue Next 2Y-2.46%
Revenue Next 3Y-2.05%
Revenue Next 5Y1.77%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
FET Yearly Revenue VS EstimatesFET Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 500M 1B 1.5B
FET Yearly EPS VS EstimatesFET Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2024 2025 2026 2027 0 10 -10 20 -20 30

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for FET. In the last year negative earnings were reported.
FET is valuated rather expensively with a Price/Forward Earnings ratio of 23.10.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FET is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.12, FET is valued a bit cheaper.
Industry RankSector Rank
PE N/A
Fwd PE 23.1
FET Price Earnings VS Forward Price EarningsFET Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -50 -100

4.2 Price Multiples

FET's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. FET is more expensive than 70.00% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FET indicates a rather cheap valuation: FET is cheaper than 96.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 4.44
EV/EBITDA 8.61
FET Per share dataFET EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

FET's 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 74.35% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y88.73%
EPS Next 3Y74.35%

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0

5. Dividend

5.1 Amount

FET does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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FORUM ENERGY TECHNOLOGIES IN

NYSE:FET (11/28/2025, 12:31:20 PM)

31.03

+0.55 (+1.8%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-17 2025-11-17/amc
Earnings (Next)04-29 2026-04-29
Inst Owners69.49%
Inst Owner Change-6.63%
Ins Owners4.16%
Ins Owner Change0.18%
Market Cap353.12M
Revenue(TTM)790.29M
Net Income(TTM)-115.23M
Analysts45
Price Target33.66 (8.48%)
Short Float %1.56%
Short Ratio1.4
Dividend
Industry RankSector 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)1
Avg EPS beat(2)-70.9%
Min EPS beat(2)-182.51%
Max EPS beat(2)40.7%
EPS beat(4)1
Avg EPS beat(4)-297.74%
Min EPS beat(4)-964.09%
Max EPS beat(4)40.7%
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)1.95%
Min Revenue beat(2)-0.03%
Max Revenue beat(2)3.93%
Revenue beat(4)1
Avg Revenue beat(4)-0.02%
Min Revenue beat(4)-2.58%
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)6.45%
PT rev (3m)6.45%
EPS NQ rev (1m)-15%
EPS NQ rev (3m)-12.82%
EPS NY rev (1m)0%
EPS NY rev (3m)-44.51%
Revenue NQ rev (1m)0.38%
Revenue NQ rev (3m)-0.48%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.39%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 23.1
P/S 0.45
P/FCF 4.44
P/OCF 4.08
P/B 1.19
P/tB 2.59
EV/EBITDA 8.61
EPS(TTM)-0.27
EYN/A
EPS(NY)1.34
Fwd EY4.33%
FCF(TTM)7
FCFY22.55%
OCF(TTM)7.6
OCFY24.49%
SpS69.45
BVpS26.13
TBVpS11.98
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -14.96%
ROE -38.76%
ROCE 2.63%
ROIC 2.08%
ROICexc 2.21%
ROICexgc 3.17%
OM 1.87%
PM (TTM) N/A
GM 27.89%
FCFM 10.07%
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
ROICexgc growth 3YN/A
ROICexgc 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-Score5
Asset Turnover1.03
Health
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 1.76
Debt/EBITDA 2.62
Cap/Depr 18.02%
Cap/Sales 0.87%
Interest Coverage 250
Cash Conversion 163.68%
Profit Quality N/A
Current Ratio 2.19
Quick Ratio 1.01
Altman-Z 0.38
F-Score5
WACC11.11%
ROIC/WACC0.19
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)-123.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%242.11%
EPS Next Y159.31%
EPS Next 2Y88.73%
EPS Next 3Y74.35%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.29%
Revenue growth 3Y14.7%
Revenue growth 5Y-3.12%
Sales Q2Q%-5.57%
Revenue Next Year-5.25%
Revenue Next 2Y-2.46%
Revenue Next 3Y-2.05%
Revenue Next 5Y1.77%
EBIT growth 1Y-54.7%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year185.91%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y2051.84%
FCF growth 3YN/A
FCF growth 5Y-1.14%
OCF growth 1Y626.73%
OCF growth 3YN/A
OCF growth 5Y-2.4%

FORUM ENERGY TECHNOLOGIES IN / FET FAQ

Can you provide the ChartMill fundamental rating for FORUM ENERGY TECHNOLOGIES IN?

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


Can you provide the valuation status for FORUM ENERGY TECHNOLOGIES IN?

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


How profitable is FORUM ENERGY TECHNOLOGIES IN (FET) stock?

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


Can you provide the financial health for FET stock?

The financial health rating of FORUM ENERGY TECHNOLOGIES IN (FET) is 4 / 10.


What is the expected EPS growth for FORUM ENERGY TECHNOLOGIES IN (FET) stock?

The Earnings per Share (EPS) of FORUM ENERGY TECHNOLOGIES IN (FET) is expected to grow by 159.31% in the next year.