49.42 USD
+0.7 (+1.44%)
49.42 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. FORM is valied quite expensively at the moment, while 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.
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 the better half of the industry, outperforming 62.50% of the companies in the same industry.
Looking at the Return On Equity, with a value of 4.05%, FORM is in the better half of the industry, outperforming 60.71% of the companies in the same industry.
FORM's Return On Invested Capital of 3.56% is in line compared to the rest of the industry. FORM outperforms 58.93% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FORM is significantly below the industry average of 10.75%.
| 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 better Profit Margin (5.38%) than 60.71% of its industry peers.
In the last couple of years the Profit Margin of FORM has grown nicely.
FORM's Operating Margin of 5.58% is in line compared to the rest of the industry. FORM outperforms 56.25% of its industry peers.
FORM's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 38.41%, FORM is in line with its industry, outperforming 40.18% 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
FORM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, FORM has less shares outstanding
Compared to 5 years ago, FORM has more shares outstanding
The debt/assets ratio for FORM has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 13.24 indicates that FORM is not in any danger for bankruptcy at the moment.
FORM has a Altman-Z score of 13.24. This is amongst the best in the industry. FORM outperforms 81.25% 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 67.86% 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.
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 | 13.24 |
ROIC/WACC0.33
WACC10.64%
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.
The Current ratio of FORM (4.30) is better than 64.29% of its industry peers.
A Quick Ratio of 3.46 indicates that FORM has no problem at all paying 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.
The Revenue has been growing slightly by 2.29% in the past year.
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
The Earnings Per Share is expected to grow by 20.80% on average over the next years. This is a very strong growth
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 Y4.75%
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
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
FORM is valuated quite expensively with a Price/Earnings ratio of 44.93.
Based on the Price/Earnings ratio, FORM is valued a bit cheaper than the industry average as 60.71% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of FORM to the average of the S&P500 Index (25.47), we can say FORM is valued expensively.
With a Price/Forward Earnings ratio of 30.86, FORM can be considered very expensive at the moment.
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 34.42, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.93 | ||
| Fwd PE | 30.86 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as FORM.
FORM's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 630.31 | ||
| EV/EBITDA | 43.04 |
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.
A more expensive valuation may be justified as FORM's earnings are expected to grow with 12.02% in the coming years.
PEG (NY)9.46
PEG (5Y)22.12
EPS Next 2Y18%
EPS Next 3Y12.02%
5. Dividend
5.1 Amount
FORM does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
49.42
+0.7 (+1.44%)
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 Change1.5%
Market Cap3.83B
Revenue(TTM)759.31M
Net Income(TTM)40.85M
Analysts76
Price Target54.06 (9.39%)
Short Float %3.92%
Short Ratio2.53
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)60%
PT rev (3m)55.88%
EPS NQ rev (1m)15.94%
EPS NQ rev (3m)11.29%
EPS NY rev (1m)12.37%
EPS NY rev (3m)-4.87%
Revenue NQ rev (1m)4.74%
Revenue NQ rev (3m)4.74%
Revenue NY rev (1m)1.34%
Revenue NY rev (3m)1.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.93 | ||
| Fwd PE | 30.86 | ||
| P/S | 5.05 | ||
| P/FCF | 630.31 | ||
| P/OCF | 36.34 | ||
| P/B | 3.79 | ||
| P/tB | 4.79 | ||
| EV/EBITDA | 43.04 |
EPS(TTM)1.1
EY2.23%
EPS(NY)1.6
Fwd EY3.24%
FCF(TTM)0.08
FCFY0.16%
OCF(TTM)1.36
OCFY2.75%
SpS9.8
BVpS13.02
TBVpS10.32
PEG (NY)9.46
PEG (5Y)22.12
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 | 13.24 |
F-Score5
WACC10.64%
ROIC/WACC0.33
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.