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

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.

1.2 Ratios

FET has a worse Return On Assets (-13.52%) than 90.16% of its industry peers.

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

FET has a worse Return On Invested Capital (4.47%) than 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 8.04%.

The 3 year average ROIC (3.27%) for FET is below the current ROIC(4.47%), indicating increased profibility in the last year.

		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

Looking at the Operating Margin, with a value of 4.29%, FET is doing worse than 68.85% of the companies in the same industry.

FET has a better Gross Margin (30.67%) than 62.30% of its industry peers.

In the last couple of years the Gross Margin of FET has grown nicely.

		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

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

Compared to 1 year ago, FET has more shares outstanding

The number of shares outstanding for FET has been increased compared to 5 years ago.

FET has a worse debt/assets ratio than last year.

2.2 Solvency

FET has an Altman-Z score of 0.51. This is a bad value and indicates that FET is not financially healthy and even has some risk of bankruptcy.

Looking at the Altman-Z score, with a value of 0.51, FET is doing worse than 81.97% of the companies in the same industry.

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.

Looking at the Debt to FCF ratio, with a value of 1.93, FET is in the better half of the industry, outperforming 75.41% of the companies in the same industry.

FET has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.

With a Debt to Equity ratio value of 0.47, FET perfoms like the industry average, outperforming 44.26% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	0.47
Debt/FCF	1.93
Altman-Z	0.51

ROIC/WACC0.39

WACC11.34%

2.3 Liquidity

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

Looking at the Current ratio, with a value of 2.41, FET is in the better half of the industry, outperforming 72.13% of the companies in the same industry.

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

With a Quick ratio value of 1.13, FET is not doing good in the industry: 72.13% of the companies in the same industry are doing better.

		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

FET shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -293.40%.

The Revenue has been growing slightly by 3.85% 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)-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 91.36% on average per year.

Based on estimates for the next years, FET will show a small growth in Revenue. The Revenue will grow by 1.77% on average per year.

EPS Next Y159.31%

EPS Next 2Y91.36%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year-5.25%

Revenue Next 2Y-2.27%

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.

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4. Valuation

4.1 Price/Earnings Ratio

FET reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.

A Price/Forward Earnings ratio of 17.86 indicates a rather expensive valuation of FET.

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 23.36, FET is valued a bit cheaper.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	17.86

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, FET is valued a bit cheaper than 62.30% of the companies in the same industry.

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	5.44

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 91.36% in the coming years. This may justify a more expensive valuation.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y91.36%

EPS Next 3YN/A

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5. Dividend

5.1 Amount

No dividends for FET!.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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FORUM ENERGY TECHNOLOGIES IN

NYSE:FET (10/7/2025, 12:07:19 PM)

25.53

-0.16 (-0.62%)

Chartmill FA Rating

GICS SectorEnergy

GICS IndustryGroupEnergy

GICS IndustryEnergy Equipment & Services

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

Earnings (Next)10-30 2025-10-30/amc

Inst Owners69.49%

Inst Owner Change0%

Ins Owners4.16%

Ins Owner Change0.18%

Market Cap303.81M

Analysts45

Price Target31.62 (23.85%)

Short Float %1.62%

Short Ratio1.6

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)0%

PT rev (3m)29.17%

EPS NQ rev (1m)-48.65%

EPS NQ rev (3m)-60.14%

EPS NY rev (1m)-44.51%

EPS NY rev (3m)-54.23%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)-0.57%

Revenue NY rev (1m)0.39%

Revenue NY rev (3m)-0.01%

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	17.86
P/S	0.38
P/FCF	3.69
P/OCF	3.41
P/B	0.91
P/tB	1.84
EV/EBITDA	5.44

EPS(TTM)-0.73

EYN/A

EPS(NY)1.43

Fwd EY5.6%

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	0.51

F-Score6

WACC11.34%

ROIC/WACC0.39

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 Y159.31%

EPS Next 2Y91.36%

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-5.25%

Revenue Next 2Y-2.27%

Revenue Next 3Y0.69%

Revenue Next 5Y1.77%

EBIT growth 1Y19.49%

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next Year185.91%

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

More info and screens

5. Dividend

5.1 Amount

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