TechnipFMC plc
Find Ratings ReportsTECHNIPFMC PLC's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not. TECHNIPFMC PLC has weak liquidity. Currently, the Quick Ratio is 0.57 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 3.19% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 2077.7 | 1694.4 |
EBITDA ($mil) | 243.4 | 122.0 |
EBIT ($mil) | 148.9 | 29.2 |
Net Income ($mil) | 53.0 | -37.3 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 953.0 | 1072.2 |
Total Assets ($mil) | 9656.6 | 9444.3 |
Total Debt ($mil) | 1969.2 | 2291.7 |
Equity ($mil) | 3136.7 | 3240.2 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 21.7 | 18.07 |
EBITDA Margin | 11.71 | 7.2 |
Operating Margin | 7.17 | 1.72 |
Sales Turnover | 0.81 | 0.71 |
Return on Assets | 0.58 | -1.13 |
Return on Equity | 1.79 | -1.91 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.16 | 1.2 |
Debt/Capital | 0.39 | 0.41 |
Interest Expense | 30.1 | 34.0 |
Interest Coverage | 4.95 | 0.86 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 432.9 | 442.2 |
Div / share | 0.05 | 0.0 |
EPS | 0.12 | -0.06 |
Book value / share | 7.25 | 7.33 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 4627458.0 | 5821923.0 |
BUY. TECHNIPFMC PLC's P/E ratio indicates a significant premium compared to an average of 27.70 for the Support Activities for Mining subsector and a significant premium compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 3.32 indicates a discount versus the S&P 500 average of 4.68 and a premium versus the subsector average of 3.28. The current price-to-sales ratio is well below the S&P 500 average and is also below the subsector average, indicating a discount. After reviewing these and other key valuation criteria, TECHNIPFMC PLC proves to trade at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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FTI 200.33 | Peers 27.70 | FTI 15.02 | Peers 11.61 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. FTI is trading at a significant premium to its peers. |
Premium. 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. FTI is trading at a significant premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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FTI 13.47 | Peers 11.65 | FTI 0.24 | Peers 0.97 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. FTI is trading at a significant premium 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. FTI trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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FTI 3.32 | Peers 3.28 | FTI 185.71 | Peers 216.78 | |||||||||||||||||||||
Average. 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. FTI is trading at a valuation on par with its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, FTI is expected to trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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FTI 1.33 | Peers 1.79 | FTI 16.77 | Peers 21.15 | |||||||||||||||||||||
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. FTI is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. FTI trails its peers on the basis of sales growth. |
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