57.45 USD
+0.1 (+0.17%)
57.45 USD
0 (0%)
Taking everything into account, FORM scores 5 out of 10 in our fundamental rating. FORM was compared to 112 industry peers in the Semiconductors & Semiconductor Equipment industry. FORM is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. While showing a medium growth rate, FORM is valued expensive at the moment.
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.
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
Looking at the Return On Assets, with a value of 3.40%, FORM is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
The Return On Equity of FORM (4.05%) is better than 60.71% of its industry peers.
FORM has a Return On Invested Capital (3.56%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for FORM is significantly below the industry average of 10.79%.
| 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
Looking at the Profit Margin, with a value of 5.38%, FORM is in the better half of the industry, outperforming 60.71% of the companies in the same industry.
FORM's Profit Margin has improved in the last couple of years.
The Operating Margin of FORM (5.58%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of FORM has declined.
FORM has a Gross Margin (38.41%) which is comparable to the rest of the industry.
FORM's Gross Margin has been stable in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FORM is destroying value.
Compared to 1 year ago, FORM has less shares outstanding
The number of shares outstanding for FORM has been increased compared to 5 years ago.
FORM has a better debt/assets ratio than last year.
2.2 Solvency
FORM has an Altman-Z score of 15.15. This indicates that FORM is financially healthy and has little risk of bankruptcy at the moment.
FORM's Altman-Z score of 15.15 is amongst the best of the industry. FORM outperforms 82.14% of its industry peers.
FORM has a debt to FCF ratio of 2.05. This is a good value and a sign of high solvency as FORM would need 2.05 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 2.05, FORM is doing good in the industry, outperforming 66.96% of the companies in the same industry.
FORM has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
FORM has a Debt to Equity ratio of 0.01. This is in the better half of the industry: FORM outperforms 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 2.05 | ||
| Altman-Z | 15.15 |
ROIC/WACC0.34
WACC10.45%
2.3 Liquidity
A Current Ratio of 4.30 indicates that FORM has no problem at all paying its short term obligations.
The Current ratio of FORM (4.30) is better than 64.29% of its industry peers.
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
FORM shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.85%.
The Earnings Per Share has been growing slightly by 2.03% on average over the past years.
FORM shows a small growth in Revenue. In the last year, the Revenue has grown by 2.29%.
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
Based on estimates for the next years, FORM will show a very strong growth in Earnings Per Share. The EPS will grow by 20.80% on average per year.
FORM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.97% yearly.
EPS Next Y4.75%
EPS Next 2Y18%
EPS Next 3Y12.02%
EPS Next 5Y20.8%
Revenue Next Year1.8%
Revenue Next 2Y5.94%
Revenue Next 3Y4.3%
Revenue Next 5Y7.97%
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 52.23.
FORM's Price/Earnings ratio is a bit cheaper when compared to the industry. FORM is cheaper than 61.61% of the companies in the same industry.
FORM is valuated expensively when we compare the Price/Earnings ratio to 26.46, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 35.88, the valuation of FORM can be described as expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as FORM.
FORM is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 36.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.23 | ||
| Fwd PE | 35.88 |
4.2 Price Multiples
FORM's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as FORM.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 732.73 | ||
| EV/EBITDA | 50.8 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FORM does not grow enough to justify the current Price/Earnings ratio.
FORM's earnings are expected to grow with 12.02% in the coming years. This may justify a more expensive valuation.
PEG (NY)11
PEG (5Y)25.71
EPS Next 2Y18%
EPS Next 3Y12.02%
5. Dividend
5.1 Amount
No dividends for FORM!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
57.45
+0.1 (+0.17%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners99.2%
Inst Owner Change-1.29%
Ins Owners0.88%
Ins Owner Change1.74%
Market Cap4.45B
Revenue(TTM)759.31M
Net Income(TTM)40.85M
Analysts76
Price Target54.06 (-5.9%)
Short Float %3.19%
Short Ratio2.13
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)47.74%
PT rev (3m)60%
EPS NQ rev (1m)15.94%
EPS NQ rev (3m)11.29%
EPS NY rev (1m)12.37%
EPS NY rev (3m)10.05%
Revenue NQ rev (1m)4.74%
Revenue NQ rev (3m)4.74%
Revenue NY rev (1m)1.34%
Revenue NY rev (3m)1.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.23 | ||
| Fwd PE | 35.88 | ||
| P/S | 5.87 | ||
| P/FCF | 732.73 | ||
| P/OCF | 42.24 | ||
| P/B | 4.41 | ||
| P/tB | 5.56 | ||
| EV/EBITDA | 50.8 |
EPS(TTM)1.1
EY1.91%
EPS(NY)1.6
Fwd EY2.79%
FCF(TTM)0.08
FCFY0.14%
OCF(TTM)1.36
OCFY2.37%
SpS9.8
BVpS13.02
TBVpS10.32
PEG (NY)11
PEG (5Y)25.71
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 | 15.15 |
F-Score5
WACC10.45%
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 Y4.75%
EPS Next 2Y18%
EPS Next 3Y12.02%
EPS Next 5Y20.8%
Revenue 1Y (TTM)2.29%
Revenue growth 3Y-0.26%
Revenue growth 5Y5.31%
Sales Q2Q%-2.52%
Revenue Next Year1.8%
Revenue Next 2Y5.94%
Revenue Next 3Y4.3%
Revenue Next 5Y7.97%
EBIT growth 1Y-5.39%
EBIT growth 3Y-24.35%
EBIT growth 5Y-2.32%
EBIT Next Year24.54%
EBIT Next 3YN/A
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 5 / 10.
What is the financial health of FORMFACTOR INC (FORM) stock?
The financial health rating of FORMFACTOR INC (FORM) is 7 / 10.