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Forum Energy Technologies Inc
FET : NYSE : Basic Materials
$14.94 | %
Today's Range: 0.00 - 0.00
Avg. Daily Volume: 1,367,600
10/08/15 - 4:04 PM ET

Financial Analysis

FORUM ENERGY TECH INC's gross profit margin for the second quarter of its fiscal year 2015 is essentially unchanged when compared to the same period a year ago. Sales and net income fell significantly; although net income growth outperformed the average competitor in its industry, revenue growth did not. FORUM ENERGY TECH INC has average liquidity. Currently, the Quick Ratio is 1.19 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has remained unchanged 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 Q2 FY15 Q2 FY14
Net Sales ($mil)284.42428.28
EBITDA ($mil)35.0476.69
EBIT ($mil)18.6660.26
Net Income ($mil)8.8739.52

Balance Sheet Q2 FY15 Q2 FY14
Cash & Equiv. ($mil)57.8432.64
Total Assets ($mil)2209.372235.34
Total Debt ($mil)438.3437.56
Equity ($mil)1434.81439.59

Profitability Q2 FY15 Q2 FY14
Gross Profit Margin35.6136.06
EBITDA Margin12.3217.9
Operating Margin6.5614.07
Sales Turnover0.70.72
Return on Assets6.146.42
Return on Equity9.469.98
Debt Q2 FY15 Q2 FY14
Current Ratio3.993.53
Interest Expense7.617.73
Interest Coverage2.457.8

Share Data Q2 FY15 Q2 FY14
Shares outstanding (mil)90.1690.27
Div / share0.00.0
Book value / share15.9115.95
Institutional Own % n/a n/a
Avg Daily Volume1299676.0888184.0


HOLD. FORUM ENERGY TECH INC's P/E ratio indicates a significant discount compared to an average of 26.87 for the Energy Equipment & Services industry and a significant discount compared to the S&P 500 average of 19.38. For additional comparison, its price-to-book ratio of 0.75 indicates a significant discount versus the S&P 500 average of 2.58 and a significant discount versus the industry average of 62.46. 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.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
FET 8.31 Peers 26.87   FET 5.04 Peers 6.98

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

FET is trading at a significant discount to its peers.


Discount. 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 significant discount to its peers.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
FET 24.31 Peers 18.93   FET NM Peers 0.58

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

FET is trading at a valuation on par with its peers.


Neutral. 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's negative PEG ratio makes this valuation measure meaningless.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
FET 0.75 Peers 62.46   FET -4.00 Peers -101.49

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.


Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

FET is expected to have an earnings growth rate that significantly exceeds its peers.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
FET 0.70 Peers 1.33   FET -4.72 Peers -1.80

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.


Lower. A sales growth rate that trails the industry implies that a company is losing market share.

FET significantly trails its peers on the basis of sales growth



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