FORRESTER RESEARCH INC (FORR) Fundamental Analysis & Valuation

NASDAQ:FORR • US3465631097

Current stock price

6.19 USD
+0.22 (+3.69%)
Last:

This FORR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. FORR Profitability Analysis

1.1 Basic Checks

  • In the past year FORR was profitable.
  • In the past year FORR had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: FORR reported negative net income in multiple years.
  • In multiple years FORR reported negative operating cash flow during the last 5 years.
FORR Yearly Net Income VS EBIT VS OCF VS FCFFORR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M 100M

1.2 Ratios

  • With a Return On Assets value of -20.54%, FORR is not doing good in the industry: 82.76% of the companies in the same industry are doing better.
  • With a Return On Equity value of -53.94%, FORR is not doing good in the industry: 81.61% of the companies in the same industry are doing better.
  • FORR has a Return On Invested Capital of 4.49%. This is comparable to the rest of the industry: FORR outperforms 45.98% of its industry peers.
  • FORR had an Average Return On Invested Capital over the past 3 years of 6.15%. This is significantly below the industry average of 12.78%.
Industry RankSector Rank
ROA -20.54%
ROE -53.94%
ROIC 4.49%
ROA(3y)0.99%
ROA(5y)1.64%
ROE(3y)2.87%
ROE(5y)5.23%
ROIC(3y)6.15%
ROIC(5y)6.29%
FORR Yearly ROA, ROE, ROICFORR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 15

1.3 Margins

  • FORR has a Operating Margin (3.26%) which is in line with its industry peers.
  • FORR's Operating Margin has improved in the last couple of years.
  • FORR has a better Gross Margin (57.54%) than 75.86% of its industry peers.
  • FORR's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 3.26%
PM (TTM) N/A
GM 57.54%
OM growth 3Y-25.12%
OM growth 5Y14.36%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.78%
GM growth 5Y0.14%
FORR Yearly Profit, Operating, Gross MarginsFORR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

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4

2. FORR Health Analysis

2.1 Basic Checks

  • FORR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • There is no outstanding debt for FORR. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
FORR Yearly Shares OutstandingFORR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M
FORR Yearly Total Debt VS Total AssetsFORR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

  • Based on the Altman-Z score of 1.67, we must say that FORR is in the distress zone and has some risk of bankruptcy.
  • FORR has a Altman-Z score of 1.67. This is comparable to the rest of the industry: FORR outperforms 41.38% of its industry peers.
  • The Debt to FCF ratio of FORR is 1.76, which is an excellent value as it means it would take FORR, only 1.76 years of fcf income to pay off all of its debts.
  • FORR's Debt to FCF ratio of 1.76 is fine compared to the rest of the industry. FORR outperforms 68.97% of its industry peers.
  • A Debt/Equity ratio of 0.22 indicates that FORR is not too dependend on debt financing.
  • FORR has a Debt to Equity ratio (0.22) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 1.76
Altman-Z 1.67
ROIC/WACC0.55
WACC8.18%
FORR Yearly LT Debt VS Equity VS FCFFORR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M 200M

2.3 Liquidity

  • FORR has a Current Ratio of 1.06. This is a normal value and indicates that FORR is financially healthy and should not expect problems in meeting its short term obligations.
  • FORR's Current ratio of 1.06 is on the low side compared to the rest of the industry. FORR is outperformed by 72.41% of its industry peers.
  • A Quick Ratio of 1.06 indicates that FORR should not have too much problems paying its short term obligations.
  • The Quick ratio of FORR (1.06) is worse than 72.41% of its industry peers.
Industry RankSector Rank
Current Ratio 1.06
Quick Ratio 1.06
FORR Yearly Current Assets VS Current LiabilitesFORR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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2

3. FORR Growth Analysis

3.1 Past

  • FORR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.09%.
  • Measured over the past years, FORR shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.35% on average per year.
EPS 1Y (TTM)-21.09%
EPS 3Y-22.27%
EPS 5Y-6.35%
EPS Q2Q%-52.78%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-6.46%

3.2 Future

  • The Earnings Per Share is expected to grow by 24.40% on average over the next years. This is a very strong growth
  • The Revenue is expected to decrease by -2.01% on average over the next years.
EPS Next Y16.95%
EPS Next 2Y24.4%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-4.47%
Revenue Next 2Y-2.01%
Revenue Next 3YN/A
Revenue Next 5YN/A

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.
FORR Yearly Revenue VS EstimatesFORR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M 500M
FORR Yearly EPS VS EstimatesFORR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2

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8

4. FORR Valuation Analysis

4.1 Price/Earnings Ratio

  • FORR is valuated cheaply with a Price/Earnings ratio of 5.34.
  • Based on the Price/Earnings ratio, FORR is valued cheaply inside the industry as 91.95% of the companies are valued more expensively.
  • FORR's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.71.
  • FORR is valuated cheaply with a Price/Forward Earnings ratio of 4.56.
  • 96.55% of the companies in the same industry are more expensive than FORR, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of FORR to the average of the S&P500 Index (23.83), we can say FORR is valued rather cheaply.
Industry RankSector Rank
PE 5.34
Fwd PE 4.56
FORR Price Earnings VS Forward Price EarningsFORR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, FORR is valued cheaply inside the industry as 90.80% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 5.92
EV/EBITDA -1.79
FORR Per share dataFORR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • FORR's earnings are expected to grow with 24.40% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.31
PEG (5Y)N/A
EPS Next 2Y24.4%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. FORR Dividend Analysis

5.1 Amount

  • FORR does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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FORR Fundamentals: All Metrics, Ratios and Statistics

FORRESTER RESEARCH INC

NASDAQ:FORR (3/16/2026, 1:38:46 PM)

6.19

+0.22 (+3.69%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)02-12
Earnings (Next)05-04
Inst Owners51.99%
Inst Owner Change7.18%
Ins Owners40.21%
Ins Owner Change0.19%
Market Cap117.61M
Revenue(TTM)N/A
Net Income(TTM)-85.05M
Analysts45.71
Price Target12.24 (97.74%)
Short Float %10.41%
Short Ratio8.22
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)9.14%
Min EPS beat(2)0%
Max EPS beat(2)18.29%
EPS beat(4)3
Avg EPS beat(4)15.44%
Min EPS beat(4)0%
Max EPS beat(4)40.66%
EPS beat(8)4
Avg EPS beat(8)0.66%
EPS beat(12)7
Avg EPS beat(12)4.06%
EPS beat(16)11
Avg EPS beat(16)10.66%
Revenue beat(2)0
Avg Revenue beat(2)-3.6%
Min Revenue beat(2)-6.77%
Max Revenue beat(2)-0.44%
Revenue beat(4)0
Avg Revenue beat(4)-2.59%
Min Revenue beat(4)-6.77%
Max Revenue beat(4)-0.3%
Revenue beat(8)0
Avg Revenue beat(8)-2.45%
Revenue beat(12)1
Avg Revenue beat(12)-2.51%
Revenue beat(16)2
Avg Revenue beat(16)-2.11%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.51%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.55%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 5.34
Fwd PE 4.56
P/S 0.29
P/FCF 5.92
P/OCF 5.24
P/B 0.75
P/tB N/A
EV/EBITDA -1.79
EPS(TTM)1.16
EY18.74%
EPS(NY)1.36
Fwd EY21.92%
FCF(TTM)1.05
FCFY16.91%
OCF(TTM)1.18
OCFY19.1%
SpS21.26
BVpS8.3
TBVpS-0.54
PEG (NY)0.31
PEG (5Y)N/A
Graham Number14.72
Profitability
Industry RankSector Rank
ROA -20.54%
ROE -53.94%
ROCE 5.68%
ROIC 4.49%
ROICexc 10.4%
ROICexgc N/A
OM 3.26%
PM (TTM) N/A
GM 57.54%
FCFM 4.92%
ROA(3y)0.99%
ROA(5y)1.64%
ROE(3y)2.87%
ROE(5y)5.23%
ROIC(3y)6.15%
ROIC(5y)6.29%
ROICexc(3y)9.7%
ROICexc(5y)9.67%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)7.78%
ROCE(5y)7.96%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-23.98%
ROICexc growth 5Y23.19%
OM growth 3Y-25.12%
OM growth 5Y14.36%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.78%
GM growth 5Y0.14%
F-Score6
Asset Turnover0.98
Health
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 1.76
Debt/EBITDA 1.24
Cap/Depr 17.18%
Cap/Sales 0.64%
Interest Coverage 5.29
Cash Conversion 79.64%
Profit Quality N/A
Current Ratio 1.06
Quick Ratio 1.06
Altman-Z 1.67
F-Score6
WACC8.18%
ROIC/WACC0.55
Cap/Depr(3y)24.01%
Cap/Depr(5y)29.15%
Cap/Sales(3y)1%
Cap/Sales(5y)1.43%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-21.09%
EPS 3Y-22.27%
EPS 5Y-6.35%
EPS Q2Q%-52.78%
EPS Next Y16.95%
EPS Next 2Y24.4%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-6.46%
Revenue Next Year-4.47%
Revenue Next 2Y-2.01%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y26.72%
EBIT growth 3Y-28.38%
EBIT growth 5Y12.87%
EBIT Next Year-0.34%
EBIT Next 3Y-1.77%
EBIT Next 5YN/A
FCF growth 1Y231.38%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y97.04%
OCF growth 3YN/A
OCF growth 5YN/A

FORRESTER RESEARCH INC / FORR Fundamental Analysis FAQ

What is the fundamental rating for FORR stock?

ChartMill assigns a fundamental rating of 4 / 10 to FORR.


Can you provide the valuation status for FORRESTER RESEARCH INC?

ChartMill assigns a valuation rating of 8 / 10 to FORRESTER RESEARCH INC (FORR). This can be considered as Undervalued.


Can you provide the profitability details for FORRESTER RESEARCH INC?

FORRESTER RESEARCH INC (FORR) has a profitability rating of 3 / 10.


What is the financial health of FORRESTER RESEARCH INC (FORR) stock?

The financial health rating of FORRESTER RESEARCH INC (FORR) is 4 / 10.


Can you provide the expected EPS growth for FORR stock?

The Earnings per Share (EPS) of FORRESTER RESEARCH INC (FORR) is expected to grow by 16.95% in the next year.