Forrester Research, Inc. operates as an independent research and advisory services company in the United States and internationally.
Forrester Research Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$51.10|
|52 Week High||US$35.33|
|52 Week Low||US$52.89|
|1 Month Change||1.65%|
|3 Month Change||11.18%|
|1 Year Change||36.38%|
|3 Year Change||32.01%|
|5 Year Change||37.18%|
|Change since IPO||364.54%|
Recent News & Updates
Forrester Research (NASDAQ:FORR) Seems To Use Debt Quite Sensibly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
|FORR||US Professional Services||US Market|
Return vs Industry: FORR exceeded the US Professional Services industry which returned 32.1% over the past year.
Return vs Market: FORR exceeded the US Market which returned 30.3% over the past year.
Stable Share Price: FORR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FORR's weekly volatility (4%) has been stable over the past year.
About the Company
Forrester Research, Inc. operates as an independent research and advisory services company in the United States and internationally. The company operates through Research, Consulting, and Events segments. Its primary subscription research product is Research, which offers clients with access to its research designed to inform their strategic decision-making.
Forrester Research Fundamentals Summary
|FORR fundamental statistics|
Is FORR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FORR income statement (TTM)|
|Cost of Revenue||US$193.32m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 03, 2021
|Earnings per share (EPS)||0.57|
|Net Profit Margin||2.33%|
How did FORR perform over the long term?See historical performance and comparison
Is Forrester Research undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FORR ($51.1) is trading below our estimate of fair value ($78.3)
Significantly Below Fair Value: FORR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FORR is poor value based on its PE Ratio (89.3x) compared to the US Professional Services industry average (26.1x).
PE vs Market: FORR is poor value based on its PE Ratio (89.3x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: FORR is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: FORR is overvalued based on its PB Ratio (4.9x) compared to the US Professional Services industry average (3x).
How is Forrester Research forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FORR's forecast earnings growth (46.1% per year) is above the savings rate (2%).
Earnings vs Market: FORR's earnings (46.1% per year) are forecast to grow faster than the US market (14.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FORR's revenue (8.1% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: FORR's revenue (8.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FORR's Return on Equity is forecast to be high in 3 years time
How has Forrester Research performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FORR has high quality earnings.
Growing Profit Margin: FORR's current net profit margins (2.3%) are lower than last year (3%).
Past Earnings Growth Analysis
Earnings Trend: FORR's earnings have declined by 18.9% per year over the past 5 years.
Accelerating Growth: FORR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FORR had negative earnings growth (-18.9%) over the past year, making it difficult to compare to the Professional Services industry average (21.4%).
Return on Equity
High ROE: FORR's Return on Equity (5.4%) is considered low.
How is Forrester Research's financial position?
Financial Position Analysis
Short Term Liabilities: FORR's short term assets ($245.0M) do not cover its short term liabilities ($287.6M).
Long Term Liabilities: FORR's short term assets ($245.0M) exceed its long term liabilities ($179.4M).
Debt to Equity History and Analysis
Debt Level: FORR's debt to equity ratio (50.9%) is considered high.
Reducing Debt: Insufficient data to determine if FORR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FORR's debt is well covered by operating cash flow (90.6%).
Interest Coverage: FORR's interest payments on its debt are well covered by EBIT (6.4x coverage).
What is Forrester Research current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FORR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FORR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FORR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FORR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: FORR is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FORR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
George Colony (67 yo)
Mr. George F. Colony is Founder, Chairman, and Chief Executive Officer of Forrester Research, Inc since July 1983 and also serves as its President since September 2001 and served as its President from 1983...
CEO Compensation Analysis
Compensation vs Market: George's total compensation ($USD681.84K) is below average for companies of similar size in the US market ($USD2.29M).
Compensation vs Earnings: George's compensation has been consistent with company performance over the past year.
Experienced Management: FORR's management team is considered experienced (4.6 years average tenure).
Experienced Board: FORR's board of directors are considered experienced (4.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FORR insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Forrester Research, Inc.'s employee growth, exchange listings and data sources
- Name: Forrester Research, Inc.
- Ticker: FORR
- Exchange: NasdaqGS
- Founded: 1983
- Industry: Research and Consulting Services
- Sector: Commercial Services
- Market Cap: US$979.485m
- Shares outstanding: 19.17m
- Website: https://www.forrester.com
Number of Employees
- Forrester Research, Inc.
- 60 Acorn Park Drive
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 23:12|
|End of Day Share Price||2021/10/25 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.