FORMFACTOR INC (FORM) Stock Fundamental Analysis
USA - NASDAQ:FORM - US3463751087 - Common Stock
54.95 USD
-4.3 (-7.26%)
54.5 USD
-0.45 (-0.82%)
Taking everything into account, FORM scores 4 out of 10 in our fundamental rating. FORM was compared to 112 industry peers in the Semiconductors & Semiconductor Equipment industry. While FORM has a great health rating, its profitability is only average at the moment. FORM is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year FORM was profitable.
FORM had a positive operating cash flow in the past year.
Each year in the past 5 years FORM has been profitable.
Each year in the past 5 years FORM had a positive operating cash flow.
1.2 Ratios
FORM has a better Return On Assets (3.72%) than 62.50% of its industry peers.
FORM has a Return On Equity of 4.44%. This is comparable to the rest of the industry: FORM outperforms 58.93% of its industry peers.
FORM has a Return On Invested Capital (3.51%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for FORM is significantly below the industry average of 11.03%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.72% | ||
| ROE | 4.44% | ||
| ROIC | 3.51% |
ROA(3y)6.18%
ROA(5y)6.98%
ROE(3y)7.56%
ROE(5y)8.7%
ROIC(3y)4.12%
ROIC(5y)6.44%
1.3 Margins
FORM has a Profit Margin (5.75%) which is comparable to the rest of the industry.
FORM's Profit Margin has improved in the last couple of years.
FORM has a Operating Margin of 5.40%. This is comparable to the rest of the industry: FORM outperforms 55.36% of its industry peers.
In the last couple of years the Operating Margin of FORM has declined.
Looking at the Gross Margin, with a value of 38.68%, FORM is doing worse than 61.61% of the companies in the same industry.
In the last couple of years the Gross Margin of FORM has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.4% | ||
| PM (TTM) | 5.75% | ||
| GM | 38.68% |
OM growth 3Y-24.15%
OM growth 5Y-7.25%
PM growth 3Y-5.78%
PM growth 5Y6.46%
GM growth 3Y-1.62%
GM growth 5Y0.02%
2. Health
2.1 Basic Checks
FORM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for FORM has been reduced compared to 1 year ago.
Compared to 5 years ago, FORM has more shares outstanding
FORM has a better debt/assets ratio than last year.
2.2 Solvency
FORM has an Altman-Z score of 15.64. This indicates that FORM is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 15.64, FORM belongs to the top of the industry, outperforming 82.14% of the companies in the same industry.
FORM has a debt to FCF ratio of 3.51. This is a good value and a sign of high solvency as FORM would need 3.51 years to pay back of all of its debts.
FORM has a better Debt to FCF ratio (3.51) than 62.50% of its industry peers.
FORM has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
FORM has a Debt to Equity ratio of 0.01. This is in the better half of the industry: FORM outperforms 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 3.51 | ||
| Altman-Z | 15.64 |
ROIC/WACC0.3
WACC11.79%
2.3 Liquidity
FORM has a Current Ratio of 4.24. This indicates that FORM is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 4.24, FORM is in the better half of the industry, outperforming 65.18% of the companies in the same industry.
FORM has a Quick Ratio of 3.34. This indicates that FORM is financially healthy and has no problem in meeting its short term obligations.
With a decent Quick ratio value of 3.34, FORM is doing good in the industry, outperforming 64.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.24 | ||
| Quick Ratio | 3.34 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.85% over the past year.
FORM shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.03% yearly.
FORM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.16%.
FORM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.31% yearly.
EPS 1Y (TTM)1.85%
EPS 3Y-10.05%
EPS 5Y2.03%
EPS Q2Q%-5.71%
Revenue 1Y (TTM)15.16%
Revenue growth 3Y-0.26%
Revenue growth 5Y5.31%
Sales Q2Q%-2.52%
3.2 Future
Based on estimates for the next years, FORM will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.19% on average per year.
FORM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.45% yearly.
EPS Next Y-6.78%
EPS Next 2Y8.79%
EPS Next 3Y6.84%
EPS Next 5Y18.19%
Revenue Next Year0.46%
Revenue Next 2Y3.84%
Revenue Next 3Y7.45%
Revenue Next 5Y7.45%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 49.95, the valuation of FORM can be described as expensive.
FORM's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.10, FORM is valued quite expensively.
With a Price/Forward Earnings ratio of 40.37, FORM can be considered very expensive at the moment.
FORM's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.52, FORM is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.95 | ||
| Fwd PE | 40.37 |
4.2 Price Multiples
FORM's Enterprise Value to EBITDA ratio is in line with the industry average.
FORM's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1165.99 | ||
| EV/EBITDA | 54.09 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)24.59
EPS Next 2Y8.79%
EPS Next 3Y6.84%
5. Dividend
5.1 Amount
FORM does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
54.95
-4.3 (-7.26%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners99.2%
Inst Owner Change-0.88%
Ins Owners0.88%
Ins Owner Change5.98%
Market Cap4.24B
Revenue(TTM)763.60M
Net Income(TTM)43.93M
Analysts72
Price Target36.59 (-33.41%)
Short Float %3.51%
Short Ratio3.04
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)1
Avg EPS beat(2)3.56%
Min EPS beat(2)-11.93%
Max EPS beat(2)19.06%
EPS beat(4)2
Avg EPS beat(4)2.04%
Min EPS beat(4)-11.93%
Max EPS beat(4)19.06%
EPS beat(8)4
Avg EPS beat(8)3.1%
EPS beat(12)8
Avg EPS beat(12)9.08%
EPS beat(16)12
Avg EPS beat(16)9.46%
Revenue beat(2)1
Avg Revenue beat(2)-0.12%
Min Revenue beat(2)-1.17%
Max Revenue beat(2)0.94%
Revenue beat(4)2
Avg Revenue beat(4)-0.31%
Min Revenue beat(4)-2.8%
Max Revenue beat(4)1.78%
Revenue beat(8)4
Avg Revenue beat(8)-0.18%
Revenue beat(12)6
Avg Revenue beat(12)-0.32%
Revenue beat(16)7
Avg Revenue beat(16)-0.36%
PT rev (1m)0%
PT rev (3m)-11.37%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-27.04%
EPS NY rev (1m)0%
EPS NY rev (3m)-15.34%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.27%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.95 | ||
| Fwd PE | 40.37 | ||
| P/S | 5.54 | ||
| P/FCF | 1165.99 | ||
| P/OCF | 40.32 | ||
| P/B | 4.28 | ||
| P/tB | 5.43 | ||
| EV/EBITDA | 54.09 |
EPS(TTM)1.1
EY2%
EPS(NY)1.36
Fwd EY2.48%
FCF(TTM)0.05
FCFY0.09%
OCF(TTM)1.36
OCFY2.48%
SpS9.92
BVpS12.84
TBVpS10.12
PEG (NY)N/A
PEG (5Y)24.59
Graham Number17.83
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.72% | ||
| ROE | 4.44% | ||
| ROCE | 3.9% | ||
| ROIC | 3.51% | ||
| ROICexc | 4.6% | ||
| ROICexgc | 6.21% | ||
| OM | 5.4% | ||
| PM (TTM) | 5.75% | ||
| GM | 38.68% | ||
| FCFM | 0.48% |
ROA(3y)6.18%
ROA(5y)6.98%
ROE(3y)7.56%
ROE(5y)8.7%
ROIC(3y)4.12%
ROIC(5y)6.44%
ROICexc(3y)5.96%
ROICexc(5y)9.39%
ROICexgc(3y)9.3%
ROICexgc(5y)16.23%
ROCE(3y)4.58%
ROCE(5y)7.16%
ROICexgc growth 3Y-30.39%
ROICexgc growth 5Y-14.73%
ROICexc growth 3Y-26.71%
ROICexc growth 5Y-8.11%
OM growth 3Y-24.15%
OM growth 5Y-7.25%
PM growth 3Y-5.78%
PM growth 5Y6.46%
GM growth 3Y-1.62%
GM growth 5Y0.02%
F-Score6
Asset Turnover0.65
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 3.51 | ||
| Debt/EBITDA | 0.15 | ||
| Cap/Depr | 286.15% | ||
| Cap/Sales | 13.27% | ||
| Interest Coverage | 109.5 | ||
| Cash Conversion | 136.94% | ||
| Profit Quality | 8.27% | ||
| Current Ratio | 4.24 | ||
| Quick Ratio | 3.34 | ||
| Altman-Z | 15.64 |
F-Score6
WACC11.79%
ROIC/WACC0.3
Cap/Depr(3y)146.08%
Cap/Depr(5y)140.5%
Cap/Sales(3y)7.4%
Cap/Sales(5y)7.78%
Profit Quality(3y)85.07%
Profit Quality(5y)97.31%
High Growth Momentum
Growth
EPS 1Y (TTM)1.85%
EPS 3Y-10.05%
EPS 5Y2.03%
EPS Q2Q%-5.71%
EPS Next Y-6.78%
EPS Next 2Y8.79%
EPS Next 3Y6.84%
EPS Next 5Y18.19%
Revenue 1Y (TTM)15.16%
Revenue growth 3Y-0.26%
Revenue growth 5Y5.31%
Sales Q2Q%-2.52%
Revenue Next Year0.46%
Revenue Next 2Y3.84%
Revenue Next 3Y7.45%
Revenue Next 5Y7.45%
EBIT growth 1Y39.88%
EBIT growth 3Y-24.35%
EBIT growth 5Y-2.32%
EBIT Next Year24.54%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-17.41%
FCF growth 3Y2.76%
FCF growth 5Y-4.62%
OCF growth 1Y31.67%
OCF growth 3Y-5.53%
OCF growth 5Y-0.58%
FORMFACTOR INC / FORM FAQ
What is the fundamental rating for FORM stock?
ChartMill assigns a fundamental rating of 4 / 10 to FORM.
What is the valuation status of FORMFACTOR INC (FORM) stock?
ChartMill assigns a valuation rating of 1 / 10 to FORMFACTOR INC (FORM). This can be considered as Overvalued.
What is the profitability of FORM stock?
FORMFACTOR INC (FORM) has a profitability rating of 4 / 10.
What is the financial health of FORMFACTOR INC (FORM) stock?
The financial health rating of FORMFACTOR INC (FORM) is 7 / 10.