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ForgeRock Inc (FORG) Stock Fundamental Analysis

NYSE:FORG - New York Stock Exchange, Inc. - US34631B1017 - Common Stock - Currency: USD

23.21  +1.33 (+6.08%)

Premarket: 23.21 0 (0%)

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. While FORG seems to be doing ok healthwise, there are quite some concerns on its profitability. FORG is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

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

Looking at the Gross Margin, with a value of 80.91%, FORG belongs to the top of the industry, outperforming 85.20% of the companies in the same industry.
FORG's Gross Margin has been stable in the last couple of years.
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.
FORG has more shares outstanding than it did 1 year ago.
Compared to 1 year ago, FORG has a worse debt to assets ratio.
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

FORG has an Altman-Z score of 6.98. This indicates that FORG is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 6.98, FORG is in the better half of the industry, outperforming 78.70% of the companies in the same industry.
FORG has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.14, FORG perfoms like the industry average, 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's Current ratio of 3.61 is fine compared to the rest of the industry. FORG outperforms 77.62% of its industry peers.
A Quick Ratio of 3.61 indicates that FORG has no problem at all paying its short term obligations.
FORG has a better Quick ratio (3.61) 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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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

The Earnings Per Share is expected to grow by 42.74% on average over the next years. This is a very strong growth
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

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. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for FORG. In the last year negative earnings were reported.
With a Price/Forward Earnings ratio of 612.68, FORG can be considered very expensive at the moment.
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 22.19.
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 an expensive valuation of the company.
A more expensive valuation may be justified as FORG's earnings are expected to grow with 42.74% in the coming years.
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

FORG does not give a dividend.
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 SectorInformation Technology
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
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
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
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 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