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FORUM ENERGY TECHNOLOGIES IN (FET) Stock Fundamental Analysis

NYSE:FET - New York Stock Exchange, Inc. - US34984V2097 - Common Stock - Currency: USD

14.41  -0.14 (-0.96%)

After market: 14.41 0 (0%)

Fundamental Rating

3

Taking everything into account, FET scores 3 out of 10 in our fundamental rating. FET was compared to 62 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 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

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.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -200M -400M

1.2 Ratios

Looking at the Return On Assets, with a value of -15.68%, FET is doing worse than 91.94% of the companies in the same industry.
FET's Return On Equity of -38.71% is on the low side compared to the rest of the industry. FET is outperformed by 85.48% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.72%, FET is doing worse than 64.52% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FET is significantly below the industry average of 8.69%.
The 3 year average ROIC (3.27%) for FET is below the current ROIC(4.72%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -15.68%
ROE -38.71%
ROIC 4.72%
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

FET has a worse Operating Margin (4.41%) than 75.81% of its industry peers.
FET has a Gross Margin (30.92%) which is in line with its industry peers.
In the last couple of years the Gross Margin of FET has grown nicely.
Industry RankSector Rank
OM 4.41%
PM (TTM) N/A
GM 30.92%
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
FET has a worse debt/assets ratio than last year.
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 0.35, we must say that FET is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.35, FET is doing worse than 79.03% of the companies in the same industry.
FET has a debt to FCF ratio of 1.92. This is a very positive value and a sign of high solvency as it would only need 1.92 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.92, FET is in the better half of the industry, outperforming 77.42% of the companies in the same industry.
A Debt/Equity ratio of 0.53 indicates that FET is somewhat dependend on debt financing.
The Debt to Equity ratio of FET (0.53) is comparable to the rest of the industry.
Even though the debt/equity ratio score it not favorable for FET, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 1.92
Altman-Z 0.35
ROIC/WACC0.37
WACC12.87%
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 2.46. This indicates that FET is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.46, FET is in the better half of the industry, outperforming 75.81% of the companies in the same industry.
FET has a Quick Ratio of 1.10. 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 1.10, FET is not doing good in the industry: 74.19% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 2.46
Quick Ratio 1.1
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 -326.30%.
The Revenue has been growing slightly by 7.31% in the past year.
Measured over the past years, FET shows a decrease in Revenue. The Revenue has been decreasing by -3.12% on average per year.
EPS 1Y (TTM)-326.3%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%133.33%
Revenue 1Y (TTM)7.31%
Revenue growth 3Y14.7%
Revenue growth 5Y-3.12%
Sales Q2Q%-4.5%

3.2 Future

The Earnings Per Share is expected to grow by 103.21% on average over the next years. This is a very strong growth
FET is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.77% yearly.
EPS Next Y217.44%
EPS Next 2Y103.21%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-4.19%
Revenue Next 2Y-1.28%
Revenue Next 3Y0.69%
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 0 10 -10 20 -20 30

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6

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 7.87 indicates a rather cheap valuation of FET.
Based on the Price/Forward Earnings ratio, FET is valued a bit cheaper than the industry average as 79.03% of the companies are valued more expensively.
FET is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 7.87
FET Price Earnings VS Forward Price EarningsFET Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 -20

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, FET is valued a bit cheaper than the industry average as 70.97% of the companies are valued more expensively.
98.39% of the companies in the same industry are more expensive than FET, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 2
EV/EBITDA 3.79
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 103.21% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y103.21%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for FET!.
Industry RankSector Rank
Dividend Yield N/A

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FORUM ENERGY TECHNOLOGIES IN

NYSE:FET (5/23/2025, 9:33:26 PM)

After market: 14.41 0 (0%)

14.41

-0.14 (-0.96%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)05-01 2025-05-01/amc
Earnings (Next)07-30 2025-07-30/amc
Inst Owners66.19%
Inst Owner Change1.59%
Ins Owners2.8%
Ins Owner Change2.66%
Market Cap178.25M
Analysts45
Price TargetN/A
Short Float %1.53%
Short Ratio2.17
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)0
Avg EPS beat(2)-524.57%
Min EPS beat(2)-964.09%
Max EPS beat(2)-85.06%
EPS beat(4)0
Avg EPS beat(4)-301.51%
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)0
Avg Revenue beat(2)-1.99%
Min Revenue beat(2)-2.58%
Max Revenue beat(2)-1.41%
Revenue beat(4)0
Avg Revenue beat(4)-2.73%
Min Revenue beat(4)-4.08%
Max Revenue beat(4)-1.41%
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)0%
PT rev (3m)0%
EPS NQ rev (1m)-57.14%
EPS NQ rev (3m)-64.71%
EPS NY rev (1m)-20.32%
EPS NY rev (3m)2.56%
Revenue NQ rev (1m)-3.03%
Revenue NQ rev (3m)-7.62%
Revenue NY rev (1m)-2.58%
Revenue NY rev (3m)-4.99%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 7.87
P/S 0.22
P/FCF 2
P/OCF 1.85
P/B 0.56
P/tB 1.16
EV/EBITDA 3.79
EPS(TTM)-0.7
EYN/A
EPS(NY)1.83
Fwd EY12.71%
FCF(TTM)7.21
FCFY50.01%
OCF(TTM)7.8
OCFY54.13%
SpS65.26
BVpS25.87
TBVpS12.46
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -15.68%
ROE -38.71%
ROCE 5.98%
ROIC 4.72%
ROICexc 4.98%
ROICexgc 7.06%
OM 4.41%
PM (TTM) N/A
GM 30.92%
FCFM 11.04%
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 Turnover1.02
Health
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 1.92
Debt/EBITDA 2.01
Cap/Depr 15.03%
Cap/Sales 0.91%
Interest Coverage 250
Cash Conversion 114.27%
Profit Quality N/A
Current Ratio 2.46
Quick Ratio 1.1
Altman-Z 0.35
F-Score6
WACC12.87%
ROIC/WACC0.37
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)-326.3%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%133.33%
EPS Next Y217.44%
EPS Next 2Y103.21%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)7.31%
Revenue growth 3Y14.7%
Revenue growth 5Y-3.12%
Sales Q2Q%-4.5%
Revenue Next Year-4.19%
Revenue Next 2Y-1.28%
Revenue Next 3Y0.69%
Revenue Next 5Y1.77%
EBIT growth 1Y35.38%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year225.09%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y487.6%
FCF growth 3YN/A
FCF growth 5Y-1.14%
OCF growth 1Y730.68%
OCF growth 3YN/A
OCF growth 5Y-2.4%