TechnipFMC (SWX:FTI) - Share price, News & Analysis

FTI fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

FTI Stock Overview

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses in Europe, Central Asia, North and Latin America, the Asia Pacific, Africa, and the Middle East.

Rewards

Trading at 29.6% below our estimate of its fair value

Earnings are forecast to grow 51.67% per year

Risk Analysis

No risks detected for FTI from our risk checks.

TechnipFMC Competitors

Caterpillar

NYSE:CAT

US$110.9b

Siemens

XTRA:SIE

€89.8b

General Electric

NYSE:GE

US$82.8b

L'Air Liquide

ENXTPA:AI

€75.3b

Price History & Performance

Summary of all time highs, changes and price drops for TechnipFMC
Historical stock prices
Current Share Price	US$15.00
52 Week High	US$0
52 Week Low	US$0
Beta	1.91
1 Month Change	0%
3 Month Change	0%
1 Year Change	0%
3 Year Change	-34.07%
5 Year Change	-79.63%
Change since IPO	-79.63%

Shareholder Returns

	FTI	CH Energy Services	CH Market
7D	0%	6.5%	0.1%
1Y	0%	12.2%	1.2%

Return vs Industry: FTI underperformed the Swiss Energy Services industry which returned 12.2% over the past year.

Return vs Market: FTI underperformed the Swiss Market which returned 1.2% over the past year.

Price Volatility

Is FTI's price volatile compared to industry and market?
FTI volatility
FTI Average Weekly Movement	0%
Energy Services Industry Average Movement	8.3%
Market Average Movement	5.1%
10% most volatile stocks in CH Market	9.0%
10% least volatile stocks in CH Market	2.6%

Stable Share Price: FTI is less volatile than 75% of Swiss stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: FTI's weekly volatility (0%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1884	19,103	Doug Pferdehirt	https://www.technipfmc.com

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses in Europe, Central Asia, North and Latin America, the Asia Pacific, Africa, and the Middle East. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation. It provides subsea production and processing systems; subsea umbilicals, risers, and flowlines; vessels; and Subsea Studio for optimizing the development, execution, and operation of current and future subsea fields.

TechnipFMC Fundamentals Summary

How do TechnipFMC's earnings and revenue compare to its market cap?
FTI fundamental statistics
Market Cap	US$3.42b
Earnings (TTM)	-US$384.80m
Revenue (TTM)	US$6.33b

0.6x

P/S Ratio

-9.1x

P/E Ratio

Is FTI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
FTI income statement (TTM)
Revenue	US$6.33b
Cost of Revenue	US$5.51b
Gross Profit	US$818.70m
Other Expenses	US$1.20b
Earnings	-US$384.80m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.84
Gross Margin	12.94%
Net Profit Margin	-6.08%
Debt/Equity Ratio	57.4%

How did FTI perform over the long term?

See historical performance and comparison

Valuation

Is TechnipFMC undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

29.6%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: FTI (CHF15) is trading below our estimate of fair value (CHF21.3)

Significantly Below Fair Value: FTI is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: FTI is unprofitable, so we can't compare its PE Ratio to the European Energy Services industry average.

PE vs Market: FTI is unprofitable, so we can't compare its PE Ratio to the Swiss market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FTI's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: FTI's PB Ratio (1x) is in line with the XE Energy Services industry average.

Future Growth

How is TechnipFMC forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

51.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FTI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.3%).

Earnings vs Market: FTI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: FTI's is expected to become profitable in the next 3 years.

Revenue vs Market: FTI's revenue (7.3% per year) is forecast to grow faster than the Swiss market (4.2% per year).

High Growth Revenue: FTI's revenue (7.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FTI's Return on Equity is forecast to be low in 3 years time (9.2%).

Past Performance

How has TechnipFMC performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-21.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FTI is currently unprofitable.

Growing Profit Margin: FTI is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: FTI is unprofitable, and losses have increased over the past 5 years at a rate of 21.4% per year.

Accelerating Growth: Unable to compare FTI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FTI is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-29.4%).

Return on Equity

High ROE: FTI has a negative Return on Equity (-10.87%), as it is currently unprofitable.

Financial Health

How is TechnipFMC's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: FTI's short term assets ($5.2B) exceed its short term liabilities ($3.7B).

Long Term Liabilities: FTI's short term assets ($5.2B) exceed its long term liabilities ($2.9B).

Debt to Equity History and Analysis

Debt Level: FTI's net debt to equity ratio (20.6%) is considered satisfactory.

Reducing Debt: FTI's debt to equity ratio has increased from 26.8% to 57.4% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable FTI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: FTI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19.9% per year.

Dividend

What is TechnipFMC current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

1.21%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate FTI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FTI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FTI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FTI's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: FTI is not paying a notable dividend for the Swiss market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FTI has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure

CEO

Doug Pferdehirt (57 yo)

5.33yrs

Tenure

US$21,933,682

Compensation

Mr. Douglas J. Pferdehirt, also known as Doug, has been Chief Executive Officer of TechnipFMC plc since 2017 and has been its an Executive Chairman of the Board since May 1, 2019. Mr. Pferdehirt has been t...

CEO Compensation Analysis

Compensation vs Market: Doug's total compensation ($USD21.93M) is above average for companies of similar size in the Swiss market ($USD1.58M).

Compensation vs Earnings: Doug's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: FTI's management team is considered experienced (2.3 years average tenure).

Board Members

Experienced Board: FTI's board of directors are considered experienced (5.3 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/19 00:00
End of Day Share Price	2022/05/19 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31