56.26 USD
+0.82 (+1.48%)
56.26 USD
0 (0%)
Overall FORM gets a fundamental rating of 5 out of 10. We evaluated FORM against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. FORM has an excellent financial health rating, but there are some minor concerns on its profitability. 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.
In the past year FORM had a positive cash flow from operations.
In the past 5 years FORM has always been profitable.
Each year in the past 5 years FORM had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.40%, FORM is in line with its industry, outperforming 59.82% of the companies in the same industry.
With a Return On Equity value of 4.05%, FORM perfoms like the industry average, outperforming 58.04% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 3.56%, FORM is in line with its industry, outperforming 58.04% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for FORM is significantly below the industry average of 10.81%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.4% | ||
| ROE | 4.05% | ||
| ROIC | 3.56% |
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 of 5.38%. This is comparable to the rest of the industry: FORM outperforms 58.93% of its industry peers.
FORM's Profit Margin has improved in the last couple of years.
FORM has a Operating Margin (5.58%) which is in line with its industry peers.
In the last couple of years the Operating Margin of FORM has declined.
Looking at the Gross Margin, with a value of 38.41%, FORM is in line with its industry, outperforming 41.96% of the companies in the same industry.
In the last couple of years the Gross Margin of FORM has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.58% | ||
| PM (TTM) | 5.38% | ||
| GM | 38.41% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FORM 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
An Altman-Z score of 14.69 indicates that FORM is not in any danger for bankruptcy at the moment.
FORM's Altman-Z score of 14.69 is amongst the best of the industry. FORM outperforms 83.04% of its industry peers.
The Debt to FCF ratio of FORM is 2.05, which is a good value as it means it would take FORM, 2.05 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of FORM (2.05) is better than 67.86% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that FORM is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.01, FORM is doing good in the industry, outperforming 68.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 2.05 | ||
| Altman-Z | 14.69 |
ROIC/WACC0.34
WACC10.5%
2.3 Liquidity
FORM has a Current Ratio of 4.30. This indicates that FORM is financially healthy and has no problem in meeting 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 63.39% of the companies in the same industry.
FORM has a Quick Ratio of 3.46. This indicates that FORM is financially healthy and has no problem in meeting its short term obligations.
FORM has a better Quick ratio (3.46) than 66.07% of its industry peers.
| 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.
Looking at the last year, FORM shows a small growth in Revenue. The Revenue has grown by 2.29% in the last year.
FORM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.31% yearly.
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
FORM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.80% yearly.
The Revenue is expected to grow by 7.97% on average over the next years.
EPS Next Y4.2%
EPS Next 2Y17.92%
EPS Next 3Y15.19%
EPS Next 5Y20.8%
Revenue Next Year1.82%
Revenue Next 2Y5.95%
Revenue Next 3Y5.07%
Revenue Next 5Y7.97%
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 51.15, which means the current valuation is very expensive for FORM.
Based on the Price/Earnings ratio, FORM is valued a bit cheaper than 60.71% of the companies in the same industry.
FORM is valuated expensively when we compare the Price/Earnings ratio to 26.55, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 35.18 indicates a quite expensive valuation of FORM.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FORM is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 23.78. FORM is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 51.15 | ||
| Fwd PE | 35.18 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FORM is on the same level as its industry peers.
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 | 717.55 | ||
| EV/EBITDA | 48.93 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as FORM's earnings are expected to grow with 15.19% in the coming years.
PEG (NY)12.18
PEG (5Y)25.18
EPS Next 2Y17.92%
EPS Next 3Y15.19%
5. Dividend
5.1 Amount
No dividends for FORM!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
56.26
+0.82 (+1.48%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners98.39%
Inst Owner Change-1.29%
Ins Owners0.87%
Ins Owner Change1.9%
Market Cap4.36B
Revenue(TTM)759.31M
Net Income(TTM)40.85M
Analysts76.25
Price Target56.55 (0.52%)
Short Float %3.19%
Short Ratio2.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)54.55%
PT rev (3m)67.38%
EPS NQ rev (1m)3.33%
EPS NQ rev (3m)19.36%
EPS NY rev (1m)-0.52%
EPS NY rev (3m)9.48%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)4.74%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)1.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 51.15 | ||
| Fwd PE | 35.18 | ||
| P/S | 5.74 | ||
| P/FCF | 717.55 | ||
| P/OCF | 41.37 | ||
| P/B | 4.32 | ||
| P/tB | 5.45 | ||
| EV/EBITDA | 48.93 |
EPS(TTM)1.1
EY1.96%
EPS(NY)1.6
Fwd EY2.84%
FCF(TTM)0.08
FCFY0.14%
OCF(TTM)1.36
OCFY2.42%
SpS9.8
BVpS13.02
TBVpS10.32
PEG (NY)12.18
PEG (5Y)25.18
Graham Number17.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.4% | ||
| ROE | 4.05% | ||
| ROCE | 3.95% | ||
| ROIC | 3.56% | ||
| ROICexc | 4.73% | ||
| ROICexgc | 6.38% | ||
| OM | 5.58% | ||
| PM (TTM) | 5.38% | ||
| GM | 38.41% | ||
| FCFM | 0.8% |
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%
ROICexgc growth 3Y-30.39%
ROICexgc 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-Score5
Asset Turnover0.63
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 2.05 | ||
| Debt/EBITDA | 0.14 | ||
| Cap/Depr | 269.79% | ||
| Cap/Sales | 13.08% | ||
| Interest Coverage | 115.83 | ||
| Cash Conversion | 133.08% | ||
| Profit Quality | 14.88% | ||
| Current Ratio | 4.3 | ||
| Quick Ratio | 3.46 | ||
| Altman-Z | 14.69 |
F-Score5
WACC10.5%
ROIC/WACC0.34
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)1.85%
EPS 3Y-10.05%
EPS 5Y2.03%
EPS Q2Q%-5.71%
EPS Next Y4.2%
EPS Next 2Y17.92%
EPS Next 3Y15.19%
EPS Next 5Y20.8%
Revenue 1Y (TTM)2.29%
Revenue growth 3Y-0.26%
Revenue growth 5Y5.31%
Sales Q2Q%-2.52%
Revenue Next Year1.82%
Revenue Next 2Y5.95%
Revenue Next 3Y5.07%
Revenue Next 5Y7.97%
EBIT growth 1Y-5.39%
EBIT growth 3Y-24.35%
EBIT growth 5Y-2.32%
EBIT Next Year48.48%
EBIT Next 3Y33.8%
EBIT Next 5YN/A
FCF growth 1Y59.95%
FCF growth 3Y2.76%
FCF growth 5Y-4.62%
OCF growth 1Y38.35%
OCF growth 3Y-5.53%
OCF growth 5Y-0.58%
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 4 / 10.
What is the financial health of FORMFACTOR INC (FORM) stock?
The financial health rating of FORMFACTOR INC (FORM) is 7 / 10.