FORUM ENERGY TECH INC's gross profit margin for the third quarter of its fiscal year 2014 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. FORUM ENERGY TECH INC has average liquidity. Currently, the Quick Ratio is 1.33 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 14.33% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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|Income Statement||Q3 FY14||Q3 FY13|
|Net Sales ($mil)||468.82||390.19|
|Net Income ($mil)||52.23||33.14|
|Balance Sheet||Q3 FY14||Q3 FY13|
|Cash & Equiv. ($mil)||74.08||28.2|
|Total Assets ($mil)||2294.13||2168.28|
|Total Debt ($mil)||421.32||531.1|
|Profitability||Q3 FY14||Q3 FY13|
|Gross Profit Margin||35.96||36.11|
|Return on Assets||7.09||5.48|
|Return on Equity||11.09||9.26|
|Debt||Q3 FY14||Q3 FY13|
|Share Data||Q3 FY14||Q3 FY13|
|Shares outstanding (mil)||90.62||89.21|
|Div / share||0.0||0.0|
|Book value / share||16.19||14.39|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||866764.0||450972.0|
HOLD. This stock's P/E ratio indicates a discount compared to an average of 15.50 for the Energy Equipment & Services industry and a discount compared to the S&P 500 average of 20.19. For additional comparison, its price-to-book ratio of 1.32 indicates a discount versus the S&P 500 average of 2.79 and a discount versus the industry average of 2.79. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, FORUM ENERGY TECH INC proves to trade at a discount to investment alternatives within the industry.
|FET 12.60||Peers 15.50||FET 8.48||Peers 8.82|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.
FET is trading at a discount to its peers.
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
FET is trading at a valuation on par to its peers.
|FET 11.39||Peers 13.48||FET 0.35||Peers 1.23|
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.
FET is trading at a discount to its peers.
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
FET trades at a significant discount to its peers.
|FET 1.32||Peers 2.79||FET 33.07||Peers 52.66|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
FET is trading at a significant discount to its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, FET is expected to significantly trail its peers on the basis of its earnings growth rate.
|FET 1.14||Peers 1.67||FET 15.98||Peers 11.95|
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
FET is trading at a significant discount to its industry on this measurement.
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.
FET has a sales growth rate that significantly exceeds its peers.
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