FORMFACTOR INC (FORM) Stock Fundamental Analysis
USA - NASDAQ:FORM - US3463751087 - Common Stock
50.22 USD
+0.07 (+0.14%)
We assign a fundamental rating of 5 out of 10 to FORM. FORM was compared to 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.
FORM had a positive operating cash flow in the past year.
FORM had positive earnings in each of the past 5 years.
In the past 5 years FORM always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of FORM (3.42%) is better than 61.61% of its industry peers.
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.
The Return On Invested Capital of FORM (3.53%) is comparable to the rest of the industry.
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
Looking at the Profit Margin, with a value of 5.43%, FORM is in line with its industry, 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 has a Operating Margin (5.54%) which is in line with its industry peers.
FORM's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 38.41%, FORM is not doing good in the industry: 60.71% of the companies in the same industry are doing better.
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 | 5.54% | ||
| 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.
The number of shares outstanding for FORM has been reduced compared to 1 year ago.
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
An Altman-Z score of 13.37 indicates that FORM is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 13.37, FORM belongs to the top of the industry, outperforming 81.25% 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.
The Debt to FCF ratio of FORM (2.00) is better than 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 Debt to Equity ratio of 0.01. This is in the better half of the industry: FORM outperforms 69.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 2 | ||
| Altman-Z | 13.37 |
ROIC/WACC0.33
WACC10.7%
2.3 Liquidity
A Current Ratio of 4.30 indicates that FORM has no problem at all paying its short term obligations.
With a decent Current ratio value of 4.30, FORM is doing good in the industry, outperforming 65.18% 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.
The Quick ratio of FORM (3.46) is better 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
The Earnings Per Share is expected to grow by 18.19% on average over the next years. This is quite good.
The Revenue is expected to grow by 7.45% on average over the next years.
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 45.65, which means the current valuation is very expensive for FORM.
FORM's Price/Earnings ratio is a bit cheaper when compared to the industry. FORM is cheaper than 62.50% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.89, FORM is valued quite expensively.
With a Price/Forward Earnings ratio of 31.36, FORM can be considered very expensive at the moment.
FORM's Price/Forward Earnings ratio is in line with the industry average.
FORM is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 34.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.65 | ||
| Fwd PE | 31.36 |
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 ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 645.41 | ||
| EV/EBITDA | 43.75 |
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)9.61
PEG (5Y)22.48
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 (11/17/2025, 10:41:51 AM)
50.22
+0.07 (+0.14%)
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 Cap3.87B
Revenue(TTM)759.31M
Net Income(TTM)41.20M
Analysts76
Price Target36.59 (-27.14%)
Short Float %3.51%
Short Ratio3.04
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 | 45.65 | ||
| Fwd PE | 31.36 | ||
| P/S | 5.1 | ||
| P/FCF | 645.41 | ||
| P/OCF | 36.88 | ||
| P/B | 3.83 | ||
| P/tB | 4.84 | ||
| EV/EBITDA | 43.75 |
EPS(TTM)1.1
EY2.19%
EPS(NY)1.6
Fwd EY3.19%
FCF(TTM)0.08
FCFY0.15%
OCF(TTM)1.36
OCFY2.71%
SpS9.85
BVpS13.1
TBVpS10.38
PEG (NY)9.61
PEG (5Y)22.48
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 | 13.37 |
F-Score5
WACC10.7%
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 4 / 10.
What is the financial health of FORMFACTOR INC (FORM) stock?
The financial health rating of FORMFACTOR INC (FORM) is 7 / 10.