58.13 USD
-1.1 (-1.86%)
58.42 USD
+0.29 (+0.5%)
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. 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
In the past year FORM was profitable.
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
With a Return On Assets value of 3.40%, FORM perfoms like the industry average, outperforming 59.82% of the companies in the same industry.
The Return On Equity of FORM (4.05%) is comparable to the rest of the industry.
FORM's Return On Invested Capital of 3.56% is in line compared to the rest of the industry. FORM outperforms 58.04% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FORM is significantly below the industry average of 10.82%.
| 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 (5.38%) which is comparable to the rest of the 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.
FORM's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 38.41%, FORM perfoms like the industry average, outperforming 41.96% 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 | 5.58% | ||
| 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
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.
Compared to 5 years ago, FORM has more shares outstanding
Compared to 1 year ago, FORM has an improved debt to assets ratio.
2.2 Solvency
FORM has an Altman-Z score of 15.33. This indicates that FORM is financially healthy and has little risk of bankruptcy at the moment.
FORM has a better Altman-Z score (15.33) than 82.14% 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.
FORM has a Debt to FCF ratio of 2.05. This is in the better half of the industry: FORM outperforms 67.86% 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.
FORM has a better Debt to Equity ratio (0.01) than 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 2.05 | ||
| Altman-Z | 15.33 |
ROIC/WACC0.34
WACC10.46%
2.3 Liquidity
A Current Ratio of 4.30 indicates that FORM has no problem at all paying its short term obligations.
FORM has a Current ratio of 4.30. This is in the better half of the industry: FORM outperforms 63.39% of its industry peers.
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
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.
The Revenue has been growing slightly by 2.29% in the past 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
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.
Based on estimates for the next years, FORM will show a small growth in Revenue. The Revenue will grow by 7.97% on average per year.
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
A Price/Earnings ratio of 52.85 indicates a quite expensive valuation of FORM.
60.71% of the companies in the same industry are more expensive than FORM, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.76. FORM is valued rather expensively when compared to this.
Based on the Price/Forward Earnings ratio of 36.35, the valuation of FORM can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FORM is on the same level as its industry peers.
FORM is valuated expensively when we compare the Price/Forward Earnings ratio to 23.96, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.85 | ||
| Fwd PE | 36.35 |
4.2 Price Multiples
FORM's Enterprise Value to EBITDA is on the same level as the industry average.
FORM's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 741.4 | ||
| EV/EBITDA | 51.56 |
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)12.58
PEG (5Y)26.02
EPS Next 2Y17.92%
EPS Next 3Y15.19%
5. Dividend
5.1 Amount
FORM does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
58.13
-1.1 (-1.86%)
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 Cap4.51B
Revenue(TTM)759.31M
Net Income(TTM)40.85M
Analysts76.25
Price Target56.55 (-2.72%)
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)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 | 52.85 | ||
| Fwd PE | 36.35 | ||
| P/S | 5.93 | ||
| P/FCF | 741.4 | ||
| P/OCF | 42.74 | ||
| P/B | 4.46 | ||
| P/tB | 5.63 | ||
| EV/EBITDA | 51.56 |
EPS(TTM)1.1
EY1.89%
EPS(NY)1.6
Fwd EY2.75%
FCF(TTM)0.08
FCFY0.13%
OCF(TTM)1.36
OCFY2.34%
SpS9.8
BVpS13.02
TBVpS10.32
PEG (NY)12.58
PEG (5Y)26.02
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 | 15.33 |
F-Score5
WACC10.46%
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.