FORMFACTOR INC (FORM) Stock Fundamental Analysis
USA - NASDAQ:FORM - US3463751087 - Common Stock
41.55 USD
-0.35 (-0.84%)
FORM gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals 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 quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
FORM had positive earnings in the past year.
FORM had a positive operating cash flow in the past year.
FORM had positive earnings in each of the past 5 years.
Each year in the past 5 years FORM had a positive operating cash flow.
1.2 Ratios
FORM has a better Return On Assets (3.72%) than 62.50% of its industry peers.
FORM has a Return On Equity (4.44%) which is comparable to the rest of the industry.
With a Return On Invested Capital value of 3.51%, FORM perfoms like the industry average, outperforming 59.82% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FORM is significantly below the industry average of 10.98%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.72% | ||
| ROE | 4.44% | ||
| ROIC | 3.51% |
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
FORM has a Profit Margin (5.75%) which is comparable to the rest of the industry.
FORM's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 5.40%, FORM perfoms like the industry average, outperforming 55.36% of the companies in the same industry.
In the last couple of years the Operating Margin of FORM has declined.
With a Gross Margin value of 38.68%, FORM is not doing good in the industry: 61.61% of the companies in the same industry are doing better.
FORM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.4% | ||
| PM (TTM) | 5.75% | ||
| GM | 38.68% |
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.
FORM has less shares outstanding than it did 1 year ago.
The number of shares outstanding for FORM has been increased compared to 5 years ago.
The debt/assets ratio for FORM has been reduced compared to a year ago.
2.2 Solvency
FORM has an Altman-Z score of 11.45. This indicates that FORM is financially healthy and has little risk of bankruptcy at the moment.
FORM has a better Altman-Z score (11.45) than 73.21% of its industry peers.
The Debt to FCF ratio of FORM is 3.51, which is a good value as it means it would take FORM, 3.51 years of fcf income to pay off all of its debts.
FORM has a Debt to FCF ratio of 3.51. This is in the better half of the industry: FORM outperforms 61.61% of its industry peers.
FORM has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of FORM (0.01) is better than 67.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 3.51 | ||
| Altman-Z | 11.45 |
ROIC/WACC0.3
WACC11.58%
2.3 Liquidity
FORM has a Current Ratio of 4.24. This indicates that FORM is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of FORM (4.24) is better than 65.18% of its industry peers.
FORM has a Quick Ratio of 3.34. This indicates that FORM is financially healthy and has no problem in meeting its short term obligations.
FORM has a better Quick ratio (3.34) than 63.39% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.24 | ||
| Quick Ratio | 3.34 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 17.89% 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 quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.30%.
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)17.89%
EPS 3Y-10.05%
EPS 5Y2.03%
EPS Q2Q%-22.86%
Revenue 1Y (TTM)8.3%
Revenue growth 3Y-0.26%
Revenue growth 5Y5.31%
Sales Q2Q%-0.85%
3.2 Future
FORM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.19% yearly.
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 Y-6.78%
EPS Next 2Y8.79%
EPS Next 3Y6.84%
EPS Next 5Y18.19%
Revenue Next Year0.46%
Revenue Next 2Y3.84%
Revenue Next 3Y7.45%
Revenue Next 5Y7.45%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
FORM is valuated quite expensively with a Price/Earnings ratio of 37.10.
Compared to the rest of the industry, the Price/Earnings ratio of FORM indicates a somewhat cheap valuation: FORM is cheaper than 66.07% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.29. FORM is valued slightly more expensive when compared to this.
The Price/Forward Earnings ratio is 30.53, which means the current valuation is very expensive for FORM.
The rest of the industry has a similar Price/Forward Earnings ratio as FORM.
FORM is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.85, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.1 | ||
| Fwd PE | 30.53 |
4.2 Price Multiples
FORM's Enterprise Value to EBITDA ratio is in line with the industry average.
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 | 881.65 | ||
| EV/EBITDA | 36.65 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)18.26
EPS Next 2Y8.79%
EPS Next 3Y6.84%
5. Dividend
5.1 Amount
No dividends for FORM!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:FORM (10/17/2025, 11:26:49 AM)
41.55
-0.35 (-0.84%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners99.2%
Inst Owner Change-0.42%
Ins Owners0.88%
Ins Owner Change5.98%
Market Cap3.20B
Analysts72
Price Target33.79 (-18.68%)
Short Float %3.98%
Short Ratio3.49
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)3.56%
Min EPS beat(2)-11.93%
Max EPS beat(2)19.06%
EPS beat(4)2
Avg EPS beat(4)2.04%
Min EPS beat(4)-11.93%
Max EPS beat(4)19.06%
EPS beat(8)4
Avg EPS beat(8)3.1%
EPS beat(12)8
Avg EPS beat(12)9.08%
EPS beat(16)12
Avg EPS beat(16)9.46%
Revenue beat(2)1
Avg Revenue beat(2)-0.12%
Min Revenue beat(2)-1.17%
Max Revenue beat(2)0.94%
Revenue beat(4)2
Avg Revenue beat(4)-0.31%
Min Revenue beat(4)-2.8%
Max Revenue beat(4)1.78%
Revenue beat(8)4
Avg Revenue beat(8)-0.18%
Revenue beat(12)6
Avg Revenue beat(12)-0.32%
Revenue beat(16)7
Avg Revenue beat(16)-0.36%
PT rev (1m)0%
PT rev (3m)-11.37%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-27.04%
EPS NY rev (1m)-2.06%
EPS NY rev (3m)-15.34%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.27%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.1 | ||
| Fwd PE | 30.53 | ||
| P/S | 4.19 | ||
| P/FCF | 881.65 | ||
| P/OCF | 30.49 | ||
| P/B | 3.24 | ||
| P/tB | 4.11 | ||
| EV/EBITDA | 36.65 |
EPS(TTM)1.12
EY2.7%
EPS(NY)1.36
Fwd EY3.28%
FCF(TTM)0.05
FCFY0.11%
OCF(TTM)1.36
OCFY3.28%
SpS9.92
BVpS12.84
TBVpS10.12
PEG (NY)N/A
PEG (5Y)18.26
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.72% | ||
| ROE | 4.44% | ||
| ROCE | 3.9% | ||
| ROIC | 3.51% | ||
| ROICexc | 4.6% | ||
| ROICexgc | 6.21% | ||
| OM | 5.4% | ||
| PM (TTM) | 5.75% | ||
| GM | 38.68% | ||
| FCFM | 0.48% |
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%
ROICexcg growth 3Y-30.39%
ROICexcg 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-Score6
Asset Turnover0.65
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 3.51 | ||
| Debt/EBITDA | 0.15 | ||
| Cap/Depr | 286.15% | ||
| Cap/Sales | 13.27% | ||
| Interest Coverage | 109.5 | ||
| Cash Conversion | 136.94% | ||
| Profit Quality | 8.27% | ||
| Current Ratio | 4.24 | ||
| Quick Ratio | 3.34 | ||
| Altman-Z | 11.45 |
F-Score6
WACC11.58%
ROIC/WACC0.3
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)17.89%
EPS 3Y-10.05%
EPS 5Y2.03%
EPS Q2Q%-22.86%
EPS Next Y-6.78%
EPS Next 2Y8.79%
EPS Next 3Y6.84%
EPS Next 5Y18.19%
Revenue 1Y (TTM)8.3%
Revenue growth 3Y-0.26%
Revenue growth 5Y5.31%
Sales Q2Q%-0.85%
Revenue Next Year0.46%
Revenue Next 2Y3.84%
Revenue Next 3Y7.45%
Revenue Next 5Y7.45%
EBIT growth 1Y39.88%
EBIT growth 3Y-24.35%
EBIT growth 5Y-2.32%
EBIT Next Year24.54%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-17.41%
FCF growth 3Y2.76%
FCF growth 5Y-4.62%
OCF growth 1Y31.67%
OCF growth 3Y-5.53%
OCF growth 5Y-0.58%