8.12 USD
+0.47 (+6.14%)
8.12 USD
0 (0%)
Overall FORR gets a fundamental rating of 3 out of 10. We evaluated FORR against 86 industry peers in the Professional Services industry. FORR scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. FORR is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year FORR was profitable.
FORR had a positive operating cash flow in the past year.
FORR had positive earnings in 4 of the past 5 years.
FORR had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
FORR has a worse Return On Assets (-20.54%) than 81.40% of its industry peers.
FORR's Return On Equity of -53.94% 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 (4.49%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FORR is significantly below the industry average of 12.04%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -20.54% | ||
| ROE | -53.94% | ||
| ROIC | 4.49% |
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
With a Operating Margin value of 3.26%, FORR perfoms like the industry average, outperforming 46.51% of the companies in the same industry.
FORR's Operating Margin has improved in the last couple of years.
FORR has a better Gross Margin (57.54%) than 75.58% 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 | 3.26% | ||
| PM (TTM) | N/A | ||
| GM | 57.54% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FORR is destroying value.
Compared to 1 year ago, FORR has less shares outstanding
Compared to 5 years ago, FORR has more shares outstanding
Compared to 1 year ago, FORR has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.77, we must say that FORR is in the distress zone and has some risk of bankruptcy.
FORR has a Altman-Z score of 1.77. This is in the lower half of the industry: FORR underperforms 62.79% of its industry peers.
The Debt to FCF ratio of FORR is 1.76, which is an excellent value as it means it would take FORR, only 1.76 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.76, FORR is in the better half of the industry, outperforming 73.26% of the companies in the same industry.
A Debt/Equity ratio of 0.22 indicates that FORR is not too dependend on debt financing.
FORR has a Debt to Equity ratio of 0.22. This is comparable to the rest of the industry: FORR outperforms 58.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.76 | ||
| Altman-Z | 1.77 |
ROIC/WACC0.54
WACC8.26%
2.3 Liquidity
A Current Ratio of 1.06 indicates that FORR should not have too much problems paying its short term obligations.
With a Current ratio value of 1.06, FORR is not doing good in the industry: 72.09% of the companies in the same industry are doing better.
FORR has a Quick Ratio of 1.06. 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 Quick ratio of 1.06. This is in the lower half of the industry: FORR underperforms 72.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 1.06 |
3. Growth
3.1 Past
The earnings per share for FORR have decreased by -0.74% in the last year.
FORR shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.16% yearly.
The Revenue has decreased by -8.73% in the past year.
FORR shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.30% yearly.
EPS 1Y (TTM)-0.74%
EPS 3Y-11.35%
EPS 5Y-2.16%
EPS Q2Q%27.59%
Revenue 1Y (TTM)-8.73%
Revenue growth 3Y-4.36%
Revenue growth 5Y-1.3%
Sales Q2Q%-8.03%
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 6.89% on average per year.
FORR is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.77% yearly.
EPS Next Y-15.81%
EPS Next 2Y-3.93%
EPS Next 3Y6.89%
EPS Next 5YN/A
Revenue Next Year-7.34%
Revenue Next 2Y-4.27%
Revenue Next 3Y-1.77%
Revenue Next 5YN/A
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 6.01, the valuation of FORR can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of FORR indicates a rather cheap valuation: FORR is cheaper than 90.70% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of FORR to the average of the S&P500 Index (26.51), we can say FORR is valued rather cheaply.
FORR is valuated cheaply with a Price/Forward Earnings ratio of 5.99.
Based on the Price/Forward 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/Forward Earnings ratio to 23.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.01 | ||
| Fwd PE | 5.99 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, FORR is valued cheaply inside the industry as 91.86% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.76 | ||
| EV/EBITDA | -0.34 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-3.93%
EPS Next 3Y6.89%
5. Dividend
5.1 Amount
No dividends for FORR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
8.12
+0.47 (+6.14%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners51.86%
Inst Owner Change-2%
Ins Owners40.21%
Ins Owner Change0.13%
Market Cap154.28M
Revenue(TTM)403.87M
Net Income(TTM)-85.05M
Analysts45.71
Price Target12.24 (50.74%)
Short Float %3.41%
Short Ratio3.46
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)9.14%
Min EPS beat(2)0%
Max EPS beat(2)18.29%
EPS beat(4)3
Avg EPS beat(4)15.44%
Min EPS beat(4)0%
Max EPS beat(4)40.66%
EPS beat(8)4
Avg EPS beat(8)0.66%
EPS beat(12)7
Avg EPS beat(12)4.06%
EPS beat(16)11
Avg EPS beat(16)10.66%
Revenue beat(2)0
Avg Revenue beat(2)-3.6%
Min Revenue beat(2)-6.77%
Max Revenue beat(2)-0.44%
Revenue beat(4)0
Avg Revenue beat(4)-2.59%
Min Revenue beat(4)-6.77%
Max Revenue beat(4)-0.3%
Revenue beat(8)0
Avg Revenue beat(8)-2.45%
Revenue beat(12)1
Avg Revenue beat(12)-2.51%
Revenue beat(16)2
Avg Revenue beat(16)-2.11%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-3.03%
EPS NQ rev (3m)-39.05%
EPS NY rev (1m)-3.96%
EPS NY rev (3m)-5.21%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.43%
Revenue NY rev (1m)-0.91%
Revenue NY rev (3m)-1.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.01 | ||
| Fwd PE | 5.99 | ||
| P/S | 0.38 | ||
| P/FCF | 7.76 | ||
| P/OCF | 6.87 | ||
| P/B | 0.98 | ||
| P/tB | N/A | ||
| EV/EBITDA | -0.34 |
EPS(TTM)1.35
EY16.63%
EPS(NY)1.36
Fwd EY16.71%
FCF(TTM)1.05
FCFY12.89%
OCF(TTM)1.18
OCFY14.56%
SpS21.26
BVpS8.3
TBVpS-0.54
PEG (NY)N/A
PEG (5Y)N/A
Graham Number15.88
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -20.54% | ||
| ROE | -53.94% | ||
| ROCE | 5.68% | ||
| ROIC | 4.49% | ||
| ROICexc | 10.4% | ||
| ROICexgc | N/A | ||
| OM | 3.26% | ||
| PM (TTM) | N/A | ||
| GM | 57.54% | ||
| FCFM | 4.92% |
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 Turnover0.98
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.76 | ||
| Debt/EBITDA | 1.24 | ||
| Cap/Depr | 17.18% | ||
| Cap/Sales | 0.64% | ||
| Interest Coverage | 5.29 | ||
| Cash Conversion | 79.64% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.06 | ||
| Quick Ratio | 1.06 | ||
| Altman-Z | 1.77 |
F-Score6
WACC8.26%
ROIC/WACC0.54
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)-0.74%
EPS 3Y-11.35%
EPS 5Y-2.16%
EPS Q2Q%27.59%
EPS Next Y-15.81%
EPS Next 2Y-3.93%
EPS Next 3Y6.89%
EPS Next 5YN/A
Revenue 1Y (TTM)-8.73%
Revenue growth 3Y-4.36%
Revenue growth 5Y-1.3%
Sales Q2Q%-8.03%
Revenue Next Year-7.34%
Revenue Next 2Y-4.27%
Revenue Next 3Y-1.77%
Revenue Next 5YN/A
EBIT growth 1Y26.72%
EBIT growth 3Y-28.38%
EBIT growth 5Y12.87%
EBIT Next Year-0.34%
EBIT Next 3Y11.64%
EBIT Next 5YN/A
FCF growth 1Y231.38%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y97.04%
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.
Can you provide the valuation status for FORRESTER RESEARCH INC?
ChartMill assigns a valuation rating of 6 / 10 to FORRESTER RESEARCH INC (FORR). This can be considered as Fairly Valued.
Can you provide the profitability details for FORRESTER RESEARCH INC?
FORRESTER RESEARCH INC (FORR) has a profitability rating of 3 / 10.
What is the financial health of FORRESTER RESEARCH INC (FORR) stock?
The financial health rating of FORRESTER RESEARCH INC (FORR) is 4 / 10.
Can you provide the expected EPS growth for FORR stock?
The Earnings per Share (EPS) of FORRESTER RESEARCH INC (FORR) is expected to decline by -15.81% in the next year.