FORRESTER RESEARCH INC (FORR) Stock Fundamental Analysis
USA - NASDAQ:FORR - US3465631097 - Common Stock
9.31 USD
+0.04 (+0.43%)
We assign a fundamental rating of 3 out of 10 to FORR. FORR was compared to 86 industry peers in the Professional Services industry. While FORR seems to be doing ok healthwise, there are quite some concerns on its profitability. FORR has a bad growth rate and is valued cheaply.
1. Profitability
1.1 Basic Checks
FORR had positive earnings in the past year.
In the past year FORR had a positive cash flow from operations.
Of the past 5 years FORR 4 years were profitable.
Of the past 5 years FORR 4 years had a positive operating cash flow.
1.2 Ratios
FORR's Return On Assets of -20.35% is on the low side compared to the rest of the industry. FORR is outperformed by 81.40% of its industry peers.
FORR's Return On Equity of -55.61% is on the low side compared to the rest of the industry. FORR is outperformed by 80.23% of its industry peers.
FORR has a Return On Invested Capital of 3.58%. This is comparable to the rest of the industry: FORR outperforms 44.19% of its industry peers.
FORR had an Average Return On Invested Capital over the past 3 years of 6.15%. This is significantly below the industry average of 13.28%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -20.35% | ||
| ROE | -55.61% | ||
| ROIC | 3.58% |
ROA(3y)0.99%
ROA(5y)1.64%
ROE(3y)2.87%
ROE(5y)5.23%
ROIC(3y)6.15%
ROIC(5y)6.29%
1.3 Margins
FORR has a Operating Margin (2.63%) which is comparable to the rest of the industry.
FORR's Operating Margin has improved in the last couple of years.
The Gross Margin of FORR (57.31%) is better than 72.09% of its industry peers.
In the last couple of years the Gross Margin of FORR has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.63% | ||
| PM (TTM) | N/A | ||
| GM | 57.31% |
OM growth 3Y-25.12%
OM growth 5Y14.36%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.78%
GM growth 5Y0.14%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FORR is destroying value.
FORR has less shares outstanding than it did 1 year ago.
The number of shares outstanding for FORR has been increased compared to 5 years ago.
The debt/assets ratio for FORR is higher compared to a year ago.
2.2 Solvency
FORR has an Altman-Z score of 1.74. This is a bad value and indicates that FORR is not financially healthy and even has some risk of bankruptcy.
FORR has a Altman-Z score of 1.74. This is in the lower half of the industry: FORR underperforms 66.28% of its industry peers.
FORR has a debt to FCF ratio of 1.83. This is a very positive value and a sign of high solvency as it would only need 1.83 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 1.83, FORR is doing good in the industry, outperforming 68.60% of the companies in the same industry.
A Debt/Equity ratio of 0.22 indicates that FORR is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.22, FORR is in the better half of the industry, outperforming 60.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.83 | ||
| Altman-Z | 1.74 |
ROIC/WACC0.44
WACC8.19%
2.3 Liquidity
FORR has a Current Ratio of 1.09. This is a normal value and indicates that FORR is financially healthy and should not expect problems in meeting its short term obligations.
FORR has a worse Current ratio (1.09) than 68.60% of its industry peers.
A Quick Ratio of 1.09 indicates that FORR should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.09, FORR is doing worse than 68.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.09 | ||
| Quick Ratio | 1.09 |
3. Growth
3.1 Past
FORR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -15.89%.
Measured over the past years, FORR shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.16% on average per year.
FORR shows a decrease in Revenue. In the last year, the revenue decreased by -9.11%.
Measured over the past years, FORR shows a decrease in Revenue. The Revenue has been decreasing by -1.30% on average per year.
EPS 1Y (TTM)-15.89%
EPS 3Y-11.35%
EPS 5Y-2.16%
EPS Q2Q%-25%
Revenue 1Y (TTM)-9.11%
Revenue growth 3Y-4.36%
Revenue growth 5Y-1.3%
Sales Q2Q%-8.34%
3.2 Future
Based on estimates for the next years, FORR will show a small growth in Earnings Per Share. The EPS will grow by 0.65% on average per year.
Based on estimates for the next years, FORR will show a decrease in Revenue. The Revenue will decrease by -2.38% on average per year.
EPS Next Y-11.18%
EPS Next 2Y0.65%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-6.12%
Revenue Next 2Y-2.38%
Revenue Next 3YN/A
Revenue Next 5YN/A
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 7.33 indicates a rather cheap valuation of FORR.
Based on the Price/Earnings ratio, FORR is valued cheaper than 93.02% of the companies in the same industry.
FORR is valuated cheaply when we compare the Price/Earnings ratio to 26.91, which is the current average of the S&P500 Index.
FORR is valuated cheaply with a Price/Forward Earnings ratio of 6.25.
Based on the Price/Forward Earnings ratio, FORR is valued cheaper than 94.19% of the companies in the same industry.
FORR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.33 | ||
| Fwd PE | 6.25 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FORR is valued cheaply inside the industry as 98.84% of the companies are valued more expensively.
FORR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FORR is cheaper than 87.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.28 | ||
| EV/EBITDA | 0.37 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.65%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for FORR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:FORR (10/24/2025, 8:26:42 PM)
9.31
+0.04 (+0.43%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners52.73%
Inst Owner Change0.81%
Ins Owners40.02%
Ins Owner Change0.62%
Market Cap177.63M
Revenue(TTM)412.10M
Net Income(TTM)-88725000
Analysts45.71
Price Target12.24 (31.47%)
Short Float %1.85%
Short Ratio2.33
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)20.33%
Min EPS beat(2)0%
Max EPS beat(2)40.66%
EPS beat(4)2
Avg EPS beat(4)6.98%
Min EPS beat(4)-15.55%
Max EPS beat(4)40.66%
EPS beat(8)4
Avg EPS beat(8)1.28%
EPS beat(12)7
Avg EPS beat(12)6.3%
EPS beat(16)11
Avg EPS beat(16)13.12%
Revenue beat(2)0
Avg Revenue beat(2)-1.64%
Min Revenue beat(2)-2.85%
Max Revenue beat(2)-0.44%
Revenue beat(4)0
Avg Revenue beat(4)-1.25%
Min Revenue beat(4)-2.85%
Max Revenue beat(4)-0.3%
Revenue beat(8)0
Avg Revenue beat(8)-1.85%
Revenue beat(12)1
Avg Revenue beat(12)-2.05%
Revenue beat(16)2
Avg Revenue beat(16)-1.74%
PT rev (1m)0%
PT rev (3m)-14.29%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.16%
EPS NY rev (1m)0%
EPS NY rev (3m)0.79%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.41%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.33 | ||
| Fwd PE | 6.25 | ||
| P/S | 0.43 | ||
| P/FCF | 9.28 | ||
| P/OCF | 8.25 | ||
| P/B | 1.11 | ||
| P/tB | N/A | ||
| EV/EBITDA | 0.37 |
EPS(TTM)1.27
EY13.64%
EPS(NY)1.49
Fwd EY16%
FCF(TTM)1
FCFY10.77%
OCF(TTM)1.13
OCFY12.12%
SpS21.6
BVpS8.36
TBVpS-0.57
PEG (NY)N/A
PEG (5Y)N/A
Graham Number15.46
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -20.35% | ||
| ROE | -55.61% | ||
| ROCE | 4.53% | ||
| ROIC | 3.58% | ||
| ROICexc | 8.23% | ||
| ROICexgc | N/A | ||
| OM | 2.63% | ||
| PM (TTM) | N/A | ||
| GM | 57.31% | ||
| FCFM | 4.64% |
ROA(3y)0.99%
ROA(5y)1.64%
ROE(3y)2.87%
ROE(5y)5.23%
ROIC(3y)6.15%
ROIC(5y)6.29%
ROICexc(3y)9.7%
ROICexc(5y)9.67%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)7.78%
ROCE(5y)7.96%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-23.98%
ROICexc growth 5Y23.19%
OM growth 3Y-25.12%
OM growth 5Y14.36%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.78%
GM growth 5Y0.14%
F-Score6
Asset Turnover0.95
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.83 | ||
| Debt/EBITDA | 1.32 | ||
| Cap/Depr | 15.31% | ||
| Cap/Sales | 0.58% | ||
| Interest Coverage | 4.53 | ||
| Cash Conversion | 81.4% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.09 | ||
| Quick Ratio | 1.09 | ||
| Altman-Z | 1.74 |
F-Score6
WACC8.19%
ROIC/WACC0.44
Cap/Depr(3y)24.01%
Cap/Depr(5y)29.15%
Cap/Sales(3y)1%
Cap/Sales(5y)1.43%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-15.89%
EPS 3Y-11.35%
EPS 5Y-2.16%
EPS Q2Q%-25%
EPS Next Y-11.18%
EPS Next 2Y0.65%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-9.11%
Revenue growth 3Y-4.36%
Revenue growth 5Y-1.3%
Sales Q2Q%-8.34%
Revenue Next Year-6.12%
Revenue Next 2Y-2.38%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-20%
EBIT growth 3Y-28.38%
EBIT growth 5Y12.87%
EBIT Next Year5.2%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y30.18%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y5.54%
OCF growth 3YN/A
OCF growth 5YN/A
FORRESTER RESEARCH INC / FORR FAQ
What is the fundamental rating for FORR stock?
ChartMill assigns a fundamental rating of 3 / 10 to FORR.
What is the valuation status for FORR stock?
ChartMill assigns a valuation rating of 7 / 10 to FORRESTER RESEARCH INC (FORR). This can be considered as Undervalued.
What is the profitability of FORR stock?
FORRESTER RESEARCH INC (FORR) has a profitability rating of 3 / 10.
What is the valuation of FORRESTER RESEARCH INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for FORRESTER RESEARCH INC (FORR) is 7.33 and the Price/Book (PB) ratio is 1.11.
How sustainable is the dividend of FORRESTER RESEARCH INC (FORR) stock?
The dividend rating of FORRESTER RESEARCH INC (FORR) is 0 / 10 and the dividend payout ratio is 0%.