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ForgeRock Inc (FORG) Stock Fundamental Analysis

USA - NYSE:FORG - US34631B1017 - Common Stock

23.21 USD
+1.33 (+6.08%)
Last: 8/22/2023, 8:04:01 PM
23.21 USD
0 (0%)
Pre-Market: 8/23/2023, 8:24:40 AM
Fundamental Rating

3

FORG gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 284 industry peers in the Software industry. The financial health of FORG is average, but there are quite some concerns on its profitability. FORG shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

FORG had negative earnings in the past year.
FORG had a negative operating cash flow in the past year.
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

FORG has negative profitability rations, so we won't be analyzing them here.
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

FORG has a better Gross Margin (80.91%) than 85.20% of its industry peers.
In the last couple of years the Gross Margin of FORG has remained more or less at the same level.
The Profit Margin and Operating Margin are not available for FORG so they could not be analyzed.
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. Health

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
FORG has a worse debt/assets ratio than last year.
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.
A Debt/Equity ratio of 0.14 indicates that FORG is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.14, FORG is in line with its industry, outperforming 53.07% of the companies in the same industry.
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 better Current ratio (3.61) than 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.
FORG's Quick ratio of 3.61 is fine compared to the rest of the industry. FORG outperforms 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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7

3. Growth

3.1 Past

FORG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 63.51%, which is quite impressive.
The Revenue has grown by 29.41% in the past year. This is a very strong growth!
FORG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 27.68% yearly.
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

FORG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 42.74% yearly.
Based on estimates for the next years, FORG will show a very strong growth in Revenue. The Revenue will grow by 24.24% on average per year.
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

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

4.1 Price/Earnings Ratio

FORG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 612.68, the valuation of FORG can be described as expensive.
FORG's Price/Forward Earnings is on the same level as the industry average.
FORG is valuated expensively when we compare the Price/Forward Earnings ratio to 22.53, which is the current average of the S&P500 Index.
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%

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0

5. Dividend

5.1 Amount

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

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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 2023-08-07/amc
Earnings (Next)11-10 2023-11-10/amc
Inst Owners0.25%
Inst Owner Change0%
Ins Owners0.05%
Ins Owner Change0%
Market Cap2.07B
Revenue(TTM)243.17M
Net Income(TTM)-81649000
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 NumberN/A
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 FAQ

Can you provide the ChartMill fundamental rating for ForgeRock Inc?

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


What is the valuation status of ForgeRock Inc (FORG) stock?

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


Can you provide the profitability details for ForgeRock Inc?

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