NYSE:FET

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Forum Energy Technologies

Executive Summary

Forum Energy Technologies, Inc. designs, manufactures, and distributes products to the oil and natural gas industry in the United States and internationally.


Snowflake Analysis

Adequate balance sheet and fair value.


Similar Companies

Share Price & News

How has Forum Energy Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FET's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.5%

FET

6.2%

US Energy Services

0.7%

US Market


1 Year Return

-67.4%

FET

-34.2%

US Energy Services

20.1%

US Market

Return vs Industry: FET underperformed the US Energy Services industry which returned -38.4% over the past year.

Return vs Market: FET underperformed the US Market which returned 17.1% over the past year.


Shareholder returns

FETIndustryMarket
7 Day-5.5%6.2%0.7%
30 Day25.2%19.6%6.4%
90 Day41.8%35.2%20.1%
1 Year-67.4%-67.4%-32.0%-34.2%22.6%20.1%
3 Year-95.5%-95.5%-58.9%-62.2%45.1%35.7%
5 Year-96.6%-96.6%-63.0%-69.8%79.7%60.3%

Price Volatility Vs. Market

How volatile is Forum Energy Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Forum Energy Technologies undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FET ($0.47) is trading below our estimate of fair value ($2.92)

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


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FET is good value based on its PB Ratio (0.1x) compared to the US Energy Services industry average (0.6x).


Next Steps

Future Growth

How is Forum Energy Technologies forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

110.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FET is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: FET is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: FET is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: FET's revenue (17% per year) is forecast to grow faster than the US market (9.4% per year).

High Growth Revenue: FET's revenue (17% 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 FET's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Forum Energy Technologies performed over the past 5 years?

-49.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FET is currently unprofitable.

Growing Profit Margin: FET is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FET is unprofitable, and losses have increased over the past 5 years at a rate of 49.9% per year.

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

Earnings vs Industry: FET is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-59.7%).


Return on Equity

High ROE: FET has a negative Return on Equity (-133.36%), as it is currently unprofitable.


Next Steps

Financial Health

How is Forum Energy Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: FET's short term assets ($629.8M) exceed its short term liabilities ($148.2M).

Long Term Liabilities: FET's short term assets ($629.8M) exceed its long term liabilities ($477.6M).


Debt to Equity History and Analysis

Debt Level: FET's debt to equity ratio (93.5%) is considered high.

Reducing Debt: FET's debt to equity ratio has increased from 30.5% to 93.5% 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 FET has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: FET is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 34% per year.


Next Steps

Dividend

What is Forum Energy Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate FET'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 FET's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FET's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

1.0yrs

Average management tenure


CEO

Cris Gaut (64 yo)

1.75yrs

Tenure

US$3,248,667

Compensation

Mr. C. Christopher Gaut, also known as Cris, has been the Chairman of the Board of Forum Energy Technologies, Inc. since December 31, 2017 and its Chief Executive Officer since November 30, 2018. He has be ...


CEO Compensation Analysis

Compensation vs Market: Cris's total compensation ($USD3.25M) is above average for companies of similar size in the US market ($USD589.03K).

Compensation vs Earnings: Cris's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
C. Gaut
President1.75yrsUS$3.25m1.68%
$ 878.0k
David Williams
Executive VP & CFO0.083yrUS$1.18m0.083%
$ 43.5k
John Ivascu
Senior VP1.5yrsUS$1.31m0.28%
$ 146.4k
Michael Danford
Senior VP & Chief Human Resources Officer5.5yrsUS$1.07m0.085%
$ 44.5k
Neal Lux
Executive Vice President of Operations0.25yrno data0.72%
$ 374.7k
John McElroy
Principal Accounting Officer & Corporate Controller1yrno data0.026%
$ 13.7k
William Austin
Vice President of Corporate Development & Investor Relationsno datano datano data
Donna Smith
Director of Marketing & Communicationsno datano datano data
Tylar Schmitt
VP of Finance & Treasurer1yrno data0.047%
$ 24.6k

1.0yrs

Average Tenure

47yo

Average Age

Experienced Management: FET's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
C. Gaut
President1.75yrsUS$3.25m1.68%
$ 878.0k
David Baldwin
Independent Director15.25yrsUS$112.50k0.59%
$ 308.4k
Andrew Waite
Independent Director10yrsUS$112.50k0.57%
$ 300.4k
Michael McShane
Lead Independent Directorno dataUS$247.50k0.11%
$ 55.8k
Louis Raspino
Independent Director8.58yrsUS$235.00k0.12%
$ 65.1k
John Carrig
Independent Director9.08yrsUS$240.00k0.12%
$ 63.8k
John Schmitz
Independent Director9.92yrsUS$230.00k0.041%
$ 21.6k
Evelyn Angelle
Independent Director9.5yrsUS$240.00k0.16%
$ 84.7k

9.9yrs

Average Tenure

62yo

Average Age

Experienced Board: FET's board of directors are considered experienced (9.9 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.


Top Shareholders

Company Information

Forum Energy Technologies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Forum Energy Technologies, Inc.
  • Ticker: FET
  • Exchange: NYSE
  • Founded: 2005
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: US$52.282m
  • Shares outstanding: 111.24m
  • Website: https://www.f-e-t.com

Number of Employees


Location

  • Forum Energy Technologies, Inc.
  • 10344 Sam Houston Park Drive
  • Suite 300
  • Houston
  • Texas
  • 77064
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FETNYSE (New York Stock Exchange)YesCommon StockUSUSDApr 2012

Biography

Forum Energy Technologies, Inc. designs, manufactures, and distributes products to the oil and natural gas industry in the United States and internationally. The company operates through three segments: Dr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/13 00:03
End of Day Share Price2020/08/12 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.