58.06 USD
-0.1 (-0.18%)
58.06 USD
0 (0%)
FORM gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 113 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. While showing a medium growth rate, FORM is valued expensive at the moment.
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.
Each year in the past 5 years FORM had a positive operating cash flow.
1.2 Ratios
FORM's Return On Assets of 3.40% is in line compared to the rest of the industry. FORM outperforms 59.29% of its industry peers.
With a Return On Equity value of 4.05%, FORM perfoms like the industry average, outperforming 57.52% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 3.56%, FORM is in line with its industry, outperforming 57.52% of the companies in the same industry.
FORM had an Average Return On Invested Capital over the past 3 years of 4.12%. This is significantly below the industry average of 10.77%.
| 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
The Profit Margin of FORM (5.38%) is comparable to the rest of the industry.
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.
FORM has a Gross Margin of 38.41%. This is comparable to the rest of the industry: FORM outperforms 41.59% of its industry peers.
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.
Compared to 1 year ago, FORM has less shares outstanding
The number of shares outstanding for FORM has been increased compared to 5 years ago.
Compared to 1 year ago, FORM has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 15.34 indicates that FORM is not in any danger for bankruptcy at the moment.
FORM has a better Altman-Z score (15.34) than 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 has a better Debt to FCF ratio (2.05) than 68.14% of its industry peers.
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 69.03% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 2.05 | ||
| Altman-Z | 15.34 |
ROIC/WACC0.33
WACC10.67%
2.3 Liquidity
A Current Ratio of 4.30 indicates that FORM has no problem at all paying its short term obligations.
FORM's Current ratio of 4.30 is fine compared to the rest of the industry. FORM outperforms 63.72% of its industry peers.
A Quick Ratio of 3.46 indicates that FORM has no problem at all paying its short term obligations.
With a decent Quick ratio value of 3.46, FORM is doing good in 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
The Earnings Per Share has been growing slightly by 1.85% over the past year.
Measured over the past 5 years, FORM shows a small growth in Earnings Per Share. The EPS has been growing by 2.03% on average per year.
FORM shows a small growth in Revenue. In the last year, the Revenue has grown by 2.29%.
Measured over the past years, FORM shows a small growth in Revenue. The Revenue has been growing by 5.31% on average per year.
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.
Based on estimates for the next years, FORM will show a small growth in Revenue. The Revenue will grow by 7.97% on average per year.
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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.
Compared to the rest of the industry, the Price/Earnings ratio of FORM is on the same level as its industry peers.
FORM is valuated expensively when we compare the Price/Earnings ratio to 26.57, which is the current average of the S&P500 Index.
FORM is valuated quite expensively with a Price/Forward Earnings ratio of 36.31.
FORM's Price/Forward Earnings is on the same level as the industry average.
FORM is valuated expensively when we compare the Price/Forward Earnings ratio to 24.04, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.78 | ||
| Fwd PE | 36.31 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FORM is on the same level as its industry peers.
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 | 51.59 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FORM does not grow enough to justify the current Price/Earnings ratio.
FORM's earnings are expected to grow with 16.73% in the coming years. This may justify a more expensive valuation.
PEG (NY)12.57
PEG (5Y)25.99
EPS Next 2Y17.92%
EPS Next 3Y16.73%
5. Dividend
5.1 Amount
FORM does not give a dividend.
| 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)58.27%
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 | 51.59 |
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 | 15.34 |
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.