FORUM ENERGY TECHNOLOGIES IN(NYSE:FET) stock Fundamental Analysis

Fundamental Rating

We assign a fundamental rating of 2 out of 10 to FET. FET was compared to 59 industry peers in the Energy Equipment & Services industry. FET may be in some trouble as it scores bad on both profitability and health. FET is valued correctly, but it does not seem to be growing.

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1. Profitability

1.1 Basic Checks

FET had negative earnings in the past year.

FET had a positive operating cash flow in the past year.

FET had negative earnings in 4 of the past 5 years.

In multiple years FET reported negative operating cash flow during the last 5 years.

1.2 Ratios

FET has a Return On Assets of -4.99%. This is in the lower half of the industry: FET underperforms 77.59% of its industry peers.

FET has a Return On Equity of -10.96%. This is in the lower half of the industry: FET underperforms 79.31% of its industry peers.

FET's Return On Invested Capital of 3.66% is on the low side compared to the rest of the industry. FET is outperformed by 74.14% of its industry peers.

		Industry Rank	Sector Rank
ROA	-4.99%
ROE	-10.96%
ROIC	3.66%

ROA(3y)-4.1%

ROA(5y)-14.42%

ROE(3y)-9.5%

ROE(5y)-33.81%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

The Operating Margin of FET (4.07%) is worse than 70.69% of its industry peers.

The Gross Margin of FET (30.26%) is comparable to the rest of the industry.

FET's Gross Margin has improved in the last couple of years.

		Industry Rank	Sector Rank
OM	4.07%
PM (TTM)	N/A
GM	30.26%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3YN/A

GM growth 5Y3.06%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FET is destroying value.

The number of shares outstanding for FET has been increased compared to 1 year ago.

Compared to 5 years ago, FET has more shares outstanding

The debt/assets ratio for FET has been reduced compared to a year ago.

2.2 Solvency

Based on the Altman-Z score of 0.45, we must say that FET is in the distress zone and has some risk of bankruptcy.

The Altman-Z score of FET (0.45) is worse than 77.59% of its industry peers.

The Debt to FCF ratio of FET is 4.08, which is a neutral value as it means it would take FET, 4.08 years of fcf income to pay off all of its debts.

FET has a Debt to FCF ratio (4.08) which is comparable to the rest of the industry.

FET has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.

Looking at the Debt to Equity ratio, with a value of 0.37, FET is in line with its industry, outperforming 50.00% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	0.37
Debt/FCF	4.08
Altman-Z	0.45

ROIC/WACC0.36

WACC10.1%

2.3 Liquidity

A Current Ratio of 1.93 indicates that FET should not have too much problems paying its short term obligations.

Looking at the Current ratio, with a value of 1.93, FET is in line with its industry, outperforming 51.72% of the companies in the same industry.

FET has a Quick Ratio of 1.93. This is a bad value and indicates that FET is not financially healthy enough and could expect problems in meeting its short term obligations.

Looking at the Quick ratio, with a value of 0.87, FET is doing worse than 91.38% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	1.93
Quick Ratio	0.87

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The earnings per share for FET have decreased strongly by -74.13% in the last year.

FET shows a small growth in Revenue. In the last year, the Revenue has grown by 7.55%.

Measured over the past years, FET shows a decrease in Revenue. The Revenue has been decreasing by -7.04% on average per year.

EPS 1Y (TTM)-74.13%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-256.04%

Revenue 1Y (TTM)7.55%

Revenue growth 3Y12.97%

Revenue growth 5Y-7.04%

Sales Q2Q%15.9%

3.2 Future

The Earnings Per Share is expected to grow by 59.15% on average over the next years. This is a very strong growth

The Revenue is expected to grow by 6.14% on average over the next years.

EPS Next Y81.97%

EPS Next 2Y59.15%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year11.71%

Revenue Next 2Y6.14%

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

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.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for FET. In the last year negative earnings were reported.

FET is valuated rather expensively with a Price/Forward Earnings ratio of 18.56.

Compared to the rest of the industry, the Price/Forward Earnings ratio of FET indicates a slightly more expensive valuation: FET is more expensive than 65.52% of the companies listed in the same industry.

When comparing the Price/Forward Earnings ratio of FET to the average of the S&P500 Index (22.68), we can say FET is valued inline with the index average.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	18.56

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, FET is valued a bit cheaper than the industry average as 63.79% of the companies are valued more expensively.

FET's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FET is cheaper than 98.28% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	3.95
EV/EBITDA	5.1

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.

A more expensive valuation may be justified as FET's earnings are expected to grow with 59.15% in the coming years.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y59.15%

EPS Next 3YN/A

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5. Dividend

5.1 Amount

No dividends for FET!.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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FORUM ENERGY TECHNOLOGIES IN

NYSE:FET (2/21/2025, 8:17:43 PM)

After market: 18.28 0 (0%)

18.28

-0.71 (-3.74%)

Chartmill FA Rating

GICS SectorEnergy

GICS IndustryGroupEnergy

GICS IndustryEnergy Equipment & Services

Earnings (Last)02-21 2025-02-21/amc

Earnings (Next)04-07 2025-04-07/amc

Inst Owners66.19%

Inst Owner Change-95.06%

Ins Owners2.8%

Ins Owner Change0.75%

Market Cap224.48M

Analysts45

Price TargetN/A

Short Float %1.14%

Short Ratio1.56

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)0

Avg EPS beat(2)-78.46%

Min EPS beat(2)-131.5%

Max EPS beat(2)-25.41%

EPS beat(4)N/A

Avg EPS beat(4)N/A

Min EPS beat(4)N/A

Max EPS beat(4)N/A

EPS beat(8)N/A

Avg EPS beat(8)N/A

EPS beat(12)N/A

Avg EPS beat(12)N/A

EPS beat(16)N/A

Avg EPS beat(16)N/A

Revenue beat(2)0

Avg Revenue beat(2)-3.46%

Min Revenue beat(2)-4.08%

Max Revenue beat(2)-2.84%

Revenue beat(4)N/A

Avg Revenue beat(4)N/A

Min Revenue beat(4)N/A

Max Revenue beat(4)N/A

Revenue beat(8)N/A

Avg Revenue beat(8)N/A

Revenue beat(12)N/A

Avg Revenue beat(12)N/A

Revenue beat(16)N/A

Avg Revenue beat(16)N/A

PT rev (1m)0%

PT rev (3m)0%

EPS NQ rev (1m)0%

EPS NQ rev (3m)0%

EPS NY rev (1m)0%

EPS NY rev (3m)-127.59%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)0%

Revenue NY rev (1m)0%

Revenue NY rev (3m)-0.73%

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	18.56
P/S	0.28
P/FCF	3.95
P/OCF	3.46
P/B	0.51
P/tB	1.66
EV/EBITDA	5.1

EPS(TTM)-4.23

EYN/A

EPS(NY)0.98

Fwd EY5.39%

FCF(TTM)4.62

FCFY25.29%

OCF(TTM)5.29

OCFY28.94%

SpS65.2

BVpS36.12

TBVpS11.04

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	-4.99%
ROE	-10.96%
ROCE	4.64%
ROIC	3.66%
ROICexc	3.85%
ROICexgc	7.12%
OM	4.07%
PM (TTM)	N/A
GM	30.26%
FCFM	7.09%

ROA(3y)-4.1%

ROA(5y)-14.42%

ROE(3y)-9.5%

ROE(5y)-33.81%

ROIC(3y)N/A

ROIC(5y)N/A

ROICexc(3y)N/A

ROICexc(5y)N/A

ROICexgc(3y)N/A

ROICexgc(5y)N/A

ROCE(3y)N/A

ROCE(5y)N/A

ROICexcg growth 3YN/A

ROICexcg growth 5YN/A

ROICexc growth 3YN/A

ROICexc growth 5YN/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3YN/A

GM growth 5Y3.06%

F-Score3

Asset Turnover0.82

Health

		Industry Rank	Sector Rank
Debt/Equity	0.37
Debt/FCF	4.08
Debt/EBITDA	1.96
Cap/Depr	16.27%
Cap/Sales	1.02%
Interest Coverage	250
Cash Conversion	78.39%
Profit Quality	N/A
Current Ratio	1.93
Quick Ratio	0.87
Altman-Z	0.45

F-Score3

WACC10.1%

ROIC/WACC0.36

Cap/Depr(3y)16.3%

Cap/Depr(5y)15.42%

Cap/Sales(3y)0.86%

Cap/Sales(5y)0.92%

Profit Quality(3y)N/A

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)-74.13%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-256.04%

EPS Next Y81.97%

EPS Next 2Y59.15%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)7.55%

Revenue growth 3Y12.97%

Revenue growth 5Y-7.04%

Sales Q2Q%15.9%

Revenue Next Year11.71%

Revenue Next 2Y6.14%

Revenue Next 3YN/A

Revenue Next 5YN/A

EBIT growth 1Y54.42%

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next Year285.52%

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y227.02%

FCF growth 3Y-48%

FCF growth 5YN/A

OCF growth 1Y263.21%

OCF growth 3Y28.02%

OCF growth 5Y27.8%

FORUM ENERGY TECHNOLOGIES IN (FET) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

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5. Dividend

5.1 Amount

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