Forum Energy Technologies, Inc. designs, manufactures, and distributes products to the oil and natural gas industry in the United States and internationally.
Adequate balance sheet and fair value.
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.
7 Day Return
US Energy Services
1 Year Return
US Energy Services
Return vs Industry: FET underperformed the US Energy Services industry which returned -42.9% over the past year.
Return vs Market: FET underperformed the US Market which returned 16.3% over the past year.
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
5 months ago | Simply Wall StUS$2.41 - That's What Analysts Think Forum Energy Technologies, Inc. Is Worth After These Results
5 months ago | Simply Wall StDid You Manage To Avoid Forum Energy Technologies's (NYSE:FET) Devastating 95% Share Price Drop?
6 months ago | Simply Wall StEstimating The Fair Value Of Forum Energy Technologies, Inc. (NYSE:FET)
Is Forum Energy Technologies 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: FET ($0.45) 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 (0.5x).
How is Forum Energy Technologies forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
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
How has Forum Energy Technologies performed over the past 5 years?
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 (-133.35%), as it is currently unprofitable.
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 ($477.7M).
Debt to Equity History and Analysis
Debt Level: FET's debt to equity ratio (83.1%) is considered high.
Reducing Debt: FET's debt to equity ratio has increased from 30.5% to 83.1% over the past 5 years.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Cris Gaut (64 yo)
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 ($USD593.36K).
Compensation vs Earnings: Cris's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||0.083yr||US$1.18m||0.083% |
|Senior VP||1.5yrs||US$1.31m||0.28% |
|Senior VP & Chief Human Resources Officer||5.5yrs||US$1.07m||0.085% |
|Executive Vice President of Operations||0.25yr||no data||0.72% |
|Principal Accounting Officer & Corporate Controller||1yr||no data||0.026% |
|Vice President of Corporate Development & Investor Relations||no data||no data||no data|
|Director of Marketing & Communications||no data||no data||no data|
|VP of Finance & Treasurer||1yr||no data||0.047% |
Experienced Management: FET's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
|Independent Director||15.25yrs||US$112.50k||0.59% |
|Independent Director||10yrs||US$112.50k||0.57% |
|Lead Independent Director||no data||US$247.50k||0.11% |
|Independent Director||8.58yrs||US$235.00k||0.12% |
|Independent Director||9.08yrs||US$240.00k||0.12% |
|Independent Director||9.92yrs||US$230.00k||0.041% |
|Independent Director||9.5yrs||US$240.00k||0.16% |
Experienced Board: FET's board of directors are considered experienced (9.9 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Forum Energy Technologies, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Forum Energy Technologies, Inc.
- Ticker: FET
- Exchange: NYSE
- Founded: 2005
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: US$49.912m
- Shares outstanding: 111.24m
- Website: https://www.f-e-t.com
Number of Employees
- Forum Energy Technologies, Inc.
- 10344 Sam Houston Park Drive
- Suite 300
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FET||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Apr 2012|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/09 23:56|
|End of Day Share Price||2020/08/07 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.