Forum Energy Technologies Inc

Find Ratings Reports
FET : NYSE : Basic Materials
$18.3 -0.45 | -2.4%
Today's Range: 18.05 - 18.5
Avg. Daily Volume: 1043400.0
03/27/17 - 4:02 PM ET

Financial Analysis


Even though sales decreased, the net income has increased. FORUM ENERGY TECH INC is extremely liquid. Currently, the Quick Ratio is 2.40 which clearly shows the ability to cover any 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 remained virtually unchanged only decreasing by 1.73% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.

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Income Statement Q4 FY16 Q4 FY15
Net Sales ($mil)147.1196.15
EBITDA ($mil)0.0-48.58
EBIT ($mil)0.0-64.98
Net Income ($mil)-12.5-163.62


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)234.4109.25
Total Assets ($mil)1838.01886.04
Total Debt ($mil)396.8396.27
Equity ($mil)1235.21257.02


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin0.09.84
EBITDA Margin0.0-24.76
Operating Margin0.0-33.13
Sales Turnover0.320.57
Return on Assets-4.45-6.32
Return on Equity-6.63-9.49
Debt Q4 FY16 Q4 FY15
Current Ratio5.294.74
Debt/Capital0.240.24
Interest Expense6.77.26
Interest Coverage0.0-8.95


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)91.3990.46
Div / share0.00.0
EPS-0.14-1.81
Book value / share13.5213.9
Institutional Own % n/a n/a
Avg Daily Volume1033174.01055865.0

Valuation


HOLD. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of 1.38 indicates a significant discount versus the S&P 500 average of 2.93 and a significant discount versus the industry average of 3.43. The current price-to-sales ratio is well above the S&P 500 average, but below the industry average. After reviewing these and other key valuation criteria, FORUM ENERGY TECH INC proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
FET NM Peers 561.61   FET 26.44 Peers 157.94

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

FET's P/E is negative making this valuation measure meaningless.

 

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.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
FET 39.16 Peers 65.72   FET NA Peers 0.93

Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.

FET's ratio is negative making this valuation measure meaningless.

 

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.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
FET 1.38 Peers 3.43   FET 32.34 Peers -52.72

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.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
FET 2.89 Peers 3.18   FET -45.28 Peers -30.72

Average. 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 valuation on par with 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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