55.02 USD
+1.18 (+2.19%)
54 USD
-1.02 (-1.85%)
We assign a fundamental rating of 5 out of 10 to FORM. FORM was compared to 112 industry peers in the Semiconductors & Semiconductor Equipment industry. FORM is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. 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.
FORM had a positive operating cash flow in the past year.
FORM had positive earnings in each of the past 5 years.
In the past 5 years FORM always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of FORM (3.40%) is better than 62.50% of its industry peers.
The Return On Equity of FORM (4.05%) is better than 60.71% of its industry peers.
FORM's Return On Invested Capital of 3.56% is in line compared to the rest of the industry. FORM outperforms 58.93% of its industry peers.
FORM had an Average Return On Invested Capital over the past 3 years of 4.12%. This is significantly below the industry average of 10.76%.
| 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 better Profit Margin (5.38%) than 60.71% of 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 comparable to the rest of the industry.
FORM's Operating Margin has declined in the last couple of years.
The Gross Margin of FORM (38.41%) is comparable to the rest of the industry.
FORM's Gross Margin has been stable in the last couple of years.
| 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.
FORM has less shares outstanding than it did 1 year ago.
The number of shares outstanding for FORM has been increased compared to 5 years ago.
The debt/assets ratio for FORM has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 14.59 indicates that FORM is not in any danger for bankruptcy at the moment.
FORM's Altman-Z score of 14.59 is amongst the best of the industry. FORM outperforms 83.93% of its industry peers.
FORM has a debt to FCF ratio of 2.05. This is a good value and a sign of high solvency as FORM would need 2.05 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 2.05, FORM is doing good in the industry, outperforming 66.96% of the companies in the same industry.
A Debt/Equity ratio of 0.01 indicates that FORM is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.01, FORM is doing good in the industry, outperforming 68.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 2.05 | ||
| Altman-Z | 14.59 |
ROIC/WACC0.34
WACC10.31%
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 64.29% of its industry peers.
A Quick Ratio of 3.46 indicates that FORM has no problem at all paying its short term obligations.
FORM has a better Quick ratio (3.46) than 66.07% of its industry peers.
| 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%.
The Earnings Per Share has been growing slightly by 2.03% on average over the past years.
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
FORM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.80% yearly.
FORM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.97% yearly.
EPS Next Y4.75%
EPS Next 2Y18%
EPS Next 3Y12.02%
EPS Next 5Y20.8%
Revenue Next Year1.8%
Revenue Next 2Y5.94%
Revenue Next 3Y4.3%
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.
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 50.02, the valuation of FORM can be described as expensive.
61.61% of the companies in the same industry are more expensive than FORM, based on the Price/Earnings ratio.
FORM is valuated expensively when we compare the Price/Earnings ratio to 26.31, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 34.36, FORM can be considered very expensive at the moment.
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 (36.56), we can say FORM is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.02 | ||
| Fwd PE | 34.36 |
4.2 Price Multiples
FORM's Enterprise Value to EBITDA is on the same level as the industry average.
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 | 701.74 | ||
| EV/EBITDA | 48.52 |
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 12.02% in the coming years.
PEG (NY)10.53
PEG (5Y)24.63
EPS Next 2Y18%
EPS Next 3Y12.02%
5. Dividend
5.1 Amount
No dividends for FORM!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
55.02
+1.18 (+2.19%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners99.2%
Inst Owner Change-1.29%
Ins Owners0.88%
Ins Owner Change1.74%
Market Cap4.27B
Revenue(TTM)759.31M
Net Income(TTM)40.85M
Analysts76
Price Target54.06 (-1.74%)
Short Float %3.92%
Short Ratio2.53
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)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)47.74%
PT rev (3m)60%
EPS NQ rev (1m)15.94%
EPS NQ rev (3m)11.29%
EPS NY rev (1m)12.37%
EPS NY rev (3m)10.05%
Revenue NQ rev (1m)4.74%
Revenue NQ rev (3m)4.74%
Revenue NY rev (1m)1.34%
Revenue NY rev (3m)1.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.02 | ||
| Fwd PE | 34.36 | ||
| P/S | 5.62 | ||
| P/FCF | 701.74 | ||
| P/OCF | 40.46 | ||
| P/B | 4.22 | ||
| P/tB | 5.33 | ||
| EV/EBITDA | 48.52 |
EPS(TTM)1.1
EY2%
EPS(NY)1.6
Fwd EY2.91%
FCF(TTM)0.08
FCFY0.14%
OCF(TTM)1.36
OCFY2.47%
SpS9.8
BVpS13.02
TBVpS10.32
PEG (NY)10.53
PEG (5Y)24.63
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 | 14.59 |
F-Score5
WACC10.31%
ROIC/WACC0.34
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 Y4.75%
EPS Next 2Y18%
EPS Next 3Y12.02%
EPS Next 5Y20.8%
Revenue 1Y (TTM)2.29%
Revenue growth 3Y-0.26%
Revenue growth 5Y5.31%
Sales Q2Q%-2.52%
Revenue Next Year1.8%
Revenue Next 2Y5.94%
Revenue Next 3Y4.3%
Revenue Next 5Y7.97%
EBIT growth 1Y-5.39%
EBIT growth 3Y-24.35%
EBIT growth 5Y-2.32%
EBIT Next Year24.54%
EBIT Next 3YN/A
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 5 / 10.
What is the financial health of FORMFACTOR INC (FORM) stock?
The financial health rating of FORMFACTOR INC (FORM) is 7 / 10.