ForgeRock Inc (FORG) Fundamental Analysis & Valuation

NYSE:FORG • US34631B1017

Current stock price

23.21 USD
+1.33 (+6.08%)
At close:
23.21 USD
0 (0%)
Pre-Market:

This FORG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

1

1. FORG Profitability Analysis

1.1 Basic Checks

  • In the past year FORG has reported negative net income.
  • In the past year FORG has reported a negative cash flow from operations.
FORG Yearly Net Income VS EBIT VS OCF VS FCFFORG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 -20M -40M -60M

1.2 Ratios

  • The profitability ratios for FORG are negative, so there is not much use analyzing them.
Industry RankSector Rank
ROA N/A
ROE N/A
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
FORG Yearly ROA, ROE, ROICFORG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 0 100 -100 200 300

1.3 Margins

  • With an excellent Gross Margin value of 80.91%, FORG belongs to the best of the industry, outperforming 85.20% of the companies in the same industry.
  • In the last couple of years the Gross Margin of FORG has remained more or less at the same level.
  • FORG does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 80.91%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.75%
GM growth 5YN/A
FORG Yearly Profit, Operating, Gross MarginsFORG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 0 20 -20 40 60 80

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5

2. FORG Health Analysis

2.1 Basic Checks

  • FORG does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, FORG has more shares outstanding
  • The debt/assets ratio for FORG is higher compared to a year ago.
FORG Yearly Shares OutstandingFORG Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 20M 40M 60M 80M
FORG Yearly Total Debt VS Total AssetsFORG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 100M 200M 300M 400M

2.2 Solvency

  • An Altman-Z score of 6.98 indicates that FORG is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of FORG (6.98) is better than 78.70% of its industry peers.
  • FORG has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
  • FORG has a Debt to Equity ratio of 0.14. This is comparable to the rest of the industry: FORG outperforms 53.07% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF N/A
Altman-Z 6.98
ROIC/WACCN/A
WACC10.59%
FORG Yearly LT Debt VS Equity VS FCFFORG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 0 100M 200M 300M

2.3 Liquidity

  • A Current Ratio of 3.61 indicates that FORG has no problem at all paying its short term obligations.
  • FORG has a Current ratio of 3.61. This is in the better half of the industry: FORG outperforms 77.62% of its industry peers.
  • FORG has a Quick Ratio of 3.61. This indicates that FORG is financially healthy and has no problem in meeting its short term obligations.
  • The Quick ratio of FORG (3.61) is better than 77.62% of its industry peers.
Industry RankSector Rank
Current Ratio 3.61
Quick Ratio 3.61
FORG Yearly Current Assets VS Current LiabilitesFORG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 100M 200M 300M 400M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. FORG Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 63.51% over the past year.
  • FORG shows a strong growth in Revenue. In the last year, the Revenue has grown by 29.41%.
  • Measured over the past years, FORG shows a very strong growth in Revenue. The Revenue has been growing by 27.68% on average per year.
EPS 1Y (TTM)63.51%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%11.76%
Revenue 1Y (TTM)29.41%
Revenue growth 3Y27.68%
Revenue growth 5YN/A
Sales Q2Q%22.25%

3.2 Future

  • Based on estimates for the next years, FORG will show a very strong growth in Earnings Per Share. The EPS will grow by 42.74% on average per year.
  • The Revenue is expected to grow by 24.24% on average over the next years. This is a very strong growth
EPS Next Y37.14%
EPS Next 2Y45.55%
EPS Next 3Y42.74%
EPS Next 5YN/A
Revenue Next Year22.7%
Revenue Next 2Y21.99%
Revenue Next 3Y22.82%
Revenue Next 5Y24.24%

3.3 Evolution

  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
FORG Yearly Revenue VS EstimatesFORG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
FORG Yearly EPS VS EstimatesFORG Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 0 0.2 -0.2 -0.4 -0.6 -0.8

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1

4. FORG Valuation Analysis

4.1 Price/Earnings Ratio

  • FORG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • The Price/Forward Earnings ratio is 612.68, which means the current valuation is very expensive for FORG.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FORG is on the same level as its industry peers.
  • FORG's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 21.99.
Industry RankSector Rank
PE N/A
Fwd PE 612.68
FORG Price Earnings VS Forward Price EarningsFORG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 200 400 600

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
FORG Per share dataFORG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FORG does not grow enough to justify the current Price/Earnings ratio.
  • FORG's earnings are expected to grow with 42.74% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y45.55%
EPS Next 3Y42.74%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. FORG Dividend Analysis

5.1 Amount

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

More info and screens

Find the best dividend stocksShow peers with best dividend

FORG Fundamentals: All Metrics, Ratios and Statistics

ForgeRock Inc

NYSE:FORG (8/22/2023, 8:04:01 PM)

Premarket: 23.21 0 (0%)

23.21

+1.33 (+6.08%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)08-07
Earnings (Next)11-10
Inst Owners0.25%
Inst Owner Change0%
Ins Owners0.05%
Ins Owner Change0%
Market Cap2.07B
Revenue(TTM)243.17M
Net Income(TTM)-81.65M
Analysts52.31
Price Target22.77 (-1.9%)
Short Float %N/A
Short RatioN/A
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)-42.01%
Min EPS beat(2)-45.6%
Max EPS beat(2)-38.41%
EPS beat(4)2
Avg EPS beat(4)15.21%
Min EPS beat(4)-45.6%
Max EPS beat(4)93.28%
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)-1.96%
Min Revenue beat(2)-6.26%
Max Revenue beat(2)2.34%
Revenue beat(4)3
Avg Revenue beat(4)2.27%
Min Revenue beat(4)-6.26%
Max Revenue beat(4)12.15%
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)-71.43%
EPS NQ rev (3m)-71.43%
EPS NY rev (1m)0%
EPS NY rev (3m)-25%
Revenue NQ rev (1m)-0.41%
Revenue NQ rev (3m)-0.41%
Revenue NY rev (1m)-0.34%
Revenue NY rev (3m)-0.05%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 612.68
P/S 8.5
P/FCF N/A
P/OCF N/A
P/B 7.16
P/tB 7.16
EV/EBITDA N/A
EPS(TTM)-0.27
EYN/A
EPS(NY)0.04
Fwd EY0.16%
FCF(TTM)-0.45
FCFYN/A
OCF(TTM)-0.44
OCFYN/A
SpS2.73
BVpS3.24
TBVpS3.24
PEG (NY)N/A
PEG (5Y)N/A
Graham Number0 (-100%)
Profitability
Industry RankSector Rank
ROA N/A
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 80.91%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
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 3Y-0.75%
GM growth 5YN/A
F-Score3
Asset Turnover0.53
Health
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 94.99%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.61
Quick Ratio 3.61
Altman-Z 6.98
F-Score3
WACC10.59%
ROIC/WACCN/A
Cap/Depr(3y)110.33%
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)63.51%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%11.76%
EPS Next Y37.14%
EPS Next 2Y45.55%
EPS Next 3Y42.74%
EPS Next 5YN/A
Revenue 1Y (TTM)29.41%
Revenue growth 3Y27.68%
Revenue growth 5YN/A
Sales Q2Q%22.25%
Revenue Next Year22.7%
Revenue Next 2Y21.99%
Revenue Next 3Y22.82%
Revenue Next 5Y24.24%
EBIT growth 1Y-17.11%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year49.8%
EBIT Next 3Y44.49%
EBIT Next 5Y40.55%
FCF growth 1Y-0.26%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y0.89%
OCF growth 3YN/A
OCF growth 5YN/A

ForgeRock Inc / FORG Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for ForgeRock Inc?

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


Can you provide the valuation status for ForgeRock Inc?

ChartMill assigns a valuation rating of 1 / 10 to ForgeRock Inc (FORG). This can be considered as Overvalued.


What is the profitability of FORG stock?

ForgeRock Inc (FORG) has a profitability rating of 1 / 10.


What is the expected EPS growth for ForgeRock Inc (FORG) stock?

The Earnings per Share (EPS) of ForgeRock Inc (FORG) is expected to grow by 37.14% in the next year.