58.06 USD
-0.1 (-0.18%)
58.06 USD
0 (0%)
Taking everything into account, FORM scores 5 out of 10 in our fundamental rating. FORM was compared to 113 industry peers in the Semiconductors & Semiconductor Equipment industry. FORM has an excellent financial health rating, but there are some minor concerns on its profitability. FORM is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year FORM was profitable.
In the past year FORM had a positive cash flow from operations.
Each year in the past 5 years FORM has been profitable.
FORM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of FORM (3.40%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 4.05%, FORM is in line with its industry, outperforming 57.52% of the companies in the same industry.
FORM has a Return On Invested Capital of 3.56%. This is comparable to the rest of the industry: FORM outperforms 57.52% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FORM is significantly below the industry average of 10.75%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.4% | ||
| ROE | 4.05% | ||
| ROIC | 3.56% |
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 (5.38%) which is in line with its industry peers.
In the last couple of years the Profit Margin of FORM has grown nicely.
FORM has a Operating Margin (5.58%) which is in line with its industry peers.
In the last couple of years the Operating Margin of FORM has declined.
FORM's Gross Margin of 38.41% is in line compared to the rest of the industry. FORM outperforms 41.59% of its industry peers.
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 | 5.58% | ||
| PM (TTM) | 5.38% | ||
| GM | 38.41% |
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.
Compared to 1 year ago, FORM has less shares outstanding
FORM has more shares outstanding than it did 5 years ago.
FORM has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 15.32 indicates that FORM is not in any danger for bankruptcy at the moment.
FORM's Altman-Z score of 15.32 is amongst the best of the industry. FORM outperforms 83.19% of its industry peers.
The Debt to FCF ratio of FORM is 2.05, which is a good value as it means it would take FORM, 2.05 years of fcf income to pay off all of its debts.
FORM's Debt to FCF ratio of 2.05 is fine compared to the rest of the industry. FORM outperforms 68.14% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that FORM is not too dependend on debt financing.
FORM's Debt to Equity ratio of 0.01 is fine compared to the rest of the industry. FORM outperforms 69.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 2.05 | ||
| Altman-Z | 15.32 |
ROIC/WACC0.33
WACC10.67%
2.3 Liquidity
FORM has a Current Ratio of 4.30. This indicates that FORM is financially healthy and has no problem in meeting its short term obligations.
FORM has a Current ratio of 4.30. This is in the better half of the industry: FORM outperforms 63.72% of its industry peers.
FORM has a Quick Ratio of 3.46. This indicates that FORM is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 3.46, FORM is in the better half of the industry, outperforming 66.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.3 | ||
| Quick Ratio | 3.46 |
3. Growth
3.1 Past
FORM shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.85%.
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 a small growth in Revenue. In the last year, the Revenue has grown by 2.29%.
The Revenue has been growing slightly by 5.31% on average over the past years.
EPS 1Y (TTM)1.85%
EPS 3Y-10.05%
EPS 5Y2.03%
EPS Q2Q%-5.71%
Revenue 1Y (TTM)2.29%
Revenue growth 3Y-0.26%
Revenue growth 5Y5.31%
Sales Q2Q%-2.52%
3.2 Future
The Earnings Per Share is expected to grow by 20.80% on average over the next years. This is a very strong growth
FORM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.97% yearly.
EPS Next Y4.2%
EPS Next 2Y17.92%
EPS Next 3Y16.73%
EPS Next 5Y20.8%
Revenue Next Year1.82%
Revenue Next 2Y5.95%
Revenue Next 3Y5.18%
Revenue Next 5Y7.97%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 52.78, FORM can be considered very expensive at the moment.
FORM's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 26.92. FORM is valued rather expensively when compared to this.
FORM is valuated quite expensively with a Price/Forward Earnings ratio of 36.31.
The rest of the industry has a similar Price/Forward Earnings ratio as FORM.
When comparing the Price/Forward Earnings ratio of FORM to the average of the S&P500 Index (23.46), we can say FORM is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.78 | ||
| Fwd PE | 36.31 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as FORM.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FORM is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 740.51 | ||
| EV/EBITDA | 51.49 |
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 FORM's earnings are expected to grow with 16.73% in the coming years.
PEG (NY)12.57
PEG (5Y)25.99
EPS Next 2Y17.92%
EPS Next 3Y16.73%
5. Dividend
5.1 Amount
No dividends for FORM!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
58.06
-0.1 (-0.18%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners98.39%
Inst Owner Change-1.29%
Ins Owners0.87%
Ins Owner Change1.29%
Market Cap4.50B
Revenue(TTM)759.31M
Net Income(TTM)40.85M
Analysts76.25
Price Target57.91 (-0.26%)
Short Float %2.99%
Short Ratio2.14
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)9.03%
Min EPS beat(2)-11.93%
Max EPS beat(2)29.99%
EPS beat(4)2
Avg EPS beat(4)7.02%
Min EPS beat(4)-11.93%
Max EPS beat(4)29.99%
EPS beat(8)4
Avg EPS beat(8)3.81%
EPS beat(12)8
Avg EPS beat(12)10.7%
EPS beat(16)12
Avg EPS beat(16)10.73%
Revenue beat(2)1
Avg Revenue beat(2)0.14%
Min Revenue beat(2)-0.65%
Max Revenue beat(2)0.94%
Revenue beat(4)1
Avg Revenue beat(4)-0.92%
Min Revenue beat(4)-2.8%
Max Revenue beat(4)0.94%
Revenue beat(8)3
Avg Revenue beat(8)-0.35%
Revenue beat(12)6
Avg Revenue beat(12)-0.12%
Revenue beat(16)7
Avg Revenue beat(16)-0.33%
PT rev (1m)7.13%
PT rev (3m)71.4%
EPS NQ rev (1m)2.95%
EPS NQ rev (3m)19.36%
EPS NY rev (1m)-0.52%
EPS NY rev (3m)11.78%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.74%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)1.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.78 | ||
| Fwd PE | 36.31 | ||
| P/S | 5.93 | ||
| P/FCF | 740.51 | ||
| P/OCF | 42.69 | ||
| P/B | 4.46 | ||
| P/tB | 5.62 | ||
| EV/EBITDA | 51.49 |
EPS(TTM)1.1
EY1.89%
EPS(NY)1.6
Fwd EY2.75%
FCF(TTM)0.08
FCFY0.14%
OCF(TTM)1.36
OCFY2.34%
SpS9.8
BVpS13.02
TBVpS10.32
PEG (NY)12.57
PEG (5Y)25.99
Graham Number17.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.4% | ||
| ROE | 4.05% | ||
| ROCE | 3.95% | ||
| ROIC | 3.56% | ||
| ROICexc | 4.73% | ||
| ROICexgc | 6.38% | ||
| OM | 5.58% | ||
| PM (TTM) | 5.38% | ||
| GM | 38.41% | ||
| FCFM | 0.8% |
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-Score5
Asset Turnover0.63
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 2.05 | ||
| Debt/EBITDA | 0.14 | ||
| Cap/Depr | 269.79% | ||
| Cap/Sales | 13.08% | ||
| Interest Coverage | 115.83 | ||
| Cash Conversion | 133.08% | ||
| Profit Quality | 14.88% | ||
| Current Ratio | 4.3 | ||
| Quick Ratio | 3.46 | ||
| Altman-Z | 15.32 |
F-Score5
WACC10.67%
ROIC/WACC0.33
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 Y4.2%
EPS Next 2Y17.92%
EPS Next 3Y16.73%
EPS Next 5Y20.8%
Revenue 1Y (TTM)2.29%
Revenue growth 3Y-0.26%
Revenue growth 5Y5.31%
Sales Q2Q%-2.52%
Revenue Next Year1.82%
Revenue Next 2Y5.95%
Revenue Next 3Y5.18%
Revenue Next 5Y7.97%
EBIT growth 1Y-5.39%
EBIT growth 3Y-24.35%
EBIT growth 5Y-2.32%
EBIT Next Year48.48%
EBIT Next 3Y33.8%
EBIT Next 5YN/A
FCF growth 1Y59.95%
FCF growth 3Y2.76%
FCF growth 5Y-4.62%
OCF growth 1Y38.35%
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 5 / 10 to FORM.
What is the valuation status of FORMFACTOR INC (FORM) stock?
ChartMill assigns a valuation rating of 2 / 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.