FORMFACTOR INC (FORM) Stock Fundamental Analysis
USA - NASDAQ:FORM - US3463751087 - Common Stock
50.415 USD
+1.73 (+3.56%)
Overall FORM gets a fundamental rating of 5 out of 10. We evaluated FORM against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. While FORM has a great health rating, its profitability is only average at the moment. 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.
Each year in the past 5 years FORM has been profitable.
FORM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 3.42%, FORM is doing good in the industry, outperforming 61.61% of the companies in the same industry.
With a Return On Equity value of 4.08%, FORM perfoms like the industry average, outperforming 58.93% of the companies in the same industry.
FORM has a Return On Invested Capital (3.53%) which is in line with its industry peers.
FORM had an Average Return On Invested Capital over the past 3 years of 4.11%. This is significantly below the industry average of 10.86%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.42% | ||
| ROE | 4.08% | ||
| ROIC | 3.53% |
ROA(3y)6.19%
ROA(5y)6.99%
ROE(3y)7.57%
ROE(5y)8.71%
ROIC(3y)4.11%
ROIC(5y)6.44%
1.3 Margins
With a Profit Margin value of 5.43%, FORM perfoms like the industry average, outperforming 58.93% of the companies in the same industry.
In the last couple of years the Profit Margin of FORM has grown nicely.
FORM's Operating Margin of 5.54% is in line compared to the rest of the industry. FORM outperforms 56.25% of its industry peers.
FORM's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 38.41%, FORM is in line with its industry, outperforming 40.18% of the companies in the same industry.
FORM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.54% | ||
| PM (TTM) | 5.43% | ||
| GM | 38.41% |
OM growth 3Y-24.27%
OM growth 5Y-7.33%
PM growth 3Y-5.61%
PM growth 5Y6.58%
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
FORM has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, FORM has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 13.44 indicates that FORM is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 13.44, FORM belongs to the top of the industry, outperforming 80.36% of the companies in the same industry.
FORM has a debt to FCF ratio of 2.00. This is a good value and a sign of high solvency as FORM would need 2.00 years to pay back of all of its debts.
FORM has a better Debt to FCF ratio (2.00) than 67.86% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that FORM is not too dependend on debt financing.
FORM has a better Debt to Equity ratio (0.01) than 69.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 2 | ||
| Altman-Z | 13.44 |
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.
Looking at the Current ratio, with a value of 4.30, FORM is in the better half of the industry, outperforming 65.18% of the companies in the same industry.
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 66.07% 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.
The Earnings Per Share has been growing slightly by 2.03% on average over the past years.
The Revenue has been growing slightly by 2.29% in the past year.
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
The Earnings Per Share is expected to grow by 18.19% on average over the next years. This is quite good.
Based on estimates for the next years, FORM will show a small growth in Revenue. The Revenue will grow by 7.45% on average per year.
EPS Next Y4.75%
EPS Next 2Y18%
EPS Next 3Y12.02%
EPS Next 5Y18.19%
Revenue Next Year1.8%
Revenue Next 2Y5.94%
Revenue Next 3Y4.3%
Revenue Next 5Y7.45%
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
The Price/Earnings ratio is 45.83, which means the current valuation is very expensive for FORM.
Based on the Price/Earnings ratio, FORM is valued a bit cheaper than the industry average as 60.71% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 25.47, FORM is valued quite expensively.
FORM is valuated quite expensively with a Price/Forward Earnings ratio of 31.49.
The rest of the industry has a similar Price/Forward Earnings ratio as FORM.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.42, FORM is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.83 | ||
| Fwd PE | 31.49 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as FORM.
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 | 647.92 | ||
| EV/EBITDA | 44.01 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
FORM's earnings are expected to grow with 12.02% in the coming years. This may justify a more expensive valuation.
PEG (NY)9.65
PEG (5Y)22.56
EPS Next 2Y18%
EPS Next 3Y12.02%
5. Dividend
5.1 Amount
No dividends for FORM!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:FORM (11/19/2025, 2:58:28 PM)
50.415
+1.73 (+3.56%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners99.2%
Inst Owner Change-1.28%
Ins Owners0.88%
Ins Owner Change3.45%
Market Cap3.89B
Revenue(TTM)759.31M
Net Income(TTM)41.20M
Analysts76
Price Target36.59 (-27.42%)
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)8.3%
PT rev (3m)5.51%
EPS NQ rev (1m)15.52%
EPS NQ rev (3m)-0.16%
EPS NY rev (1m)12.37%
EPS NY rev (3m)-4.87%
Revenue NQ rev (1m)4.75%
Revenue NQ rev (3m)4.43%
Revenue NY rev (1m)1.34%
Revenue NY rev (3m)1.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.83 | ||
| Fwd PE | 31.49 | ||
| P/S | 5.12 | ||
| P/FCF | 647.92 | ||
| P/OCF | 37.02 | ||
| P/B | 3.85 | ||
| P/tB | 4.86 | ||
| EV/EBITDA | 44.01 |
EPS(TTM)1.1
EY2.18%
EPS(NY)1.6
Fwd EY3.18%
FCF(TTM)0.08
FCFY0.15%
OCF(TTM)1.36
OCFY2.7%
SpS9.85
BVpS13.1
TBVpS10.38
PEG (NY)9.65
PEG (5Y)22.56
Graham Number18.01
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.42% | ||
| ROE | 4.08% | ||
| ROCE | 3.92% | ||
| ROIC | 3.53% | ||
| ROICexc | 4.69% | ||
| ROICexgc | 6.33% | ||
| OM | 5.54% | ||
| PM (TTM) | 5.43% | ||
| GM | 38.41% | ||
| FCFM | 0.79% |
ROA(3y)6.19%
ROA(5y)6.99%
ROE(3y)7.57%
ROE(5y)8.71%
ROIC(3y)4.11%
ROIC(5y)6.44%
ROICexc(3y)5.95%
ROICexc(5y)9.38%
ROICexgc(3y)9.28%
ROICexgc(5y)16.21%
ROCE(3y)4.57%
ROCE(5y)7.16%
ROICexgc growth 3Y-30.53%
ROICexgc growth 5Y-14.83%
ROICexc growth 3Y-26.82%
ROICexc growth 5Y-8.19%
OM growth 3Y-24.27%
OM growth 5Y-7.33%
PM growth 3Y-5.61%
PM growth 5Y6.58%
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 | ||
| Debt/EBITDA | 0.14 | ||
| Cap/Depr | 270.03% | ||
| Cap/Sales | 13.04% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 133.35% | ||
| Profit Quality | 14.56% | ||
| Current Ratio | 4.3 | ||
| Quick Ratio | 3.46 | ||
| Altman-Z | 13.44 |
F-Score5
WACC10.67%
ROIC/WACC0.33
Cap/Depr(3y)146.02%
Cap/Depr(5y)140.46%
Cap/Sales(3y)7.39%
Cap/Sales(5y)7.77%
Profit Quality(3y)85.29%
Profit Quality(5y)97.44%
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 5Y18.19%
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 5Y7.45%
EBIT growth 1Y-6.09%
EBIT growth 3Y-24.47%
EBIT growth 5Y-2.41%
EBIT Next Year24.54%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y57.89%
FCF growth 3Y3.15%
FCF growth 5Y-4.4%
OCF growth 1Y37.8%
OCF growth 3Y-5.4%
OCF growth 5Y-0.5%
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.