TechnipFMC plc

NYSE:FTI Stock Report

Market Cap: US$12.3b

TechnipFMC Valuation

Is FTI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FTI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FTI ($28.89) is trading below our estimate of fair value ($54.99)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FTI?

Key metric: As FTI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FTI. This is calculated by dividing FTI's market cap by their current earnings.
What is FTI's PE Ratio?
PE Ratio19.3x
EarningsUS$637.90m
Market CapUS$12.29b

Price to Earnings Ratio vs Peers

How does FTI's PE Ratio compare to its peers?

The above table shows the PE ratio for FTI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.7x
HAL Halliburton
9x6.6%US$22.8b
NOV NOV
5.1x-8.9%US$5.5b
WFRD Weatherford International
9.1x5.6%US$4.9b
CHX ChampionX
15.6x10.1%US$4.9b
FTI TechnipFMC
19.3x12.9%US$12.3b

Price-To-Earnings vs Peers: FTI is expensive based on its Price-To-Earnings Ratio (19.3x) compared to the peer average (9.7x).

Price to Earnings Ratio vs Industry

How does FTI's PE Ratio compare vs other companies in the US Energy Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NCSM NCS Multistage Holdings
1.4x-107.5%US$59.07m
BASX.Q Basic Energy Services
n/an/aUS$24.00
No more companies available in this PE range
FTI 19.3xIndustry Avg. 14.7xNo. of Companies5PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FTI is expensive based on its Price-To-Earnings Ratio (19.3x) compared to the US Energy Services industry average (14.7x).

Price to Earnings Ratio vs Fair Ratio

What is FTI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FTI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.3x
Fair PE Ratio13.8x

Price-To-Earnings vs Fair Ratio: FTI is expensive based on its Price-To-Earnings Ratio (19.3x) compared to the estimated Fair Price-To-Earnings Ratio (13.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FTI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$28.89
US$33.40
+15.6%
19.1%US$42.00US$8.50n/a25
Dec ’25US$31.37
US$31.91
+1.7%
18.5%US$37.00US$8.50n/a23
Nov ’25US$26.28
US$31.46
+19.7%
18.7%US$37.00US$8.50n/a22
Oct ’25US$27.57
US$29.93
+8.5%
20.3%US$37.00US$8.50n/a22
Sep ’25US$26.84
US$29.93
+11.5%
20.3%US$37.00US$8.50n/a22
Aug ’25US$28.80
US$29.94
+3.9%
20.7%US$37.00US$8.50n/a23
Jul ’25US$26.26
US$28.49
+8.5%
19.6%US$34.00US$8.50n/a23
Jun ’25US$26.19
US$28.49
+8.8%
19.6%US$34.00US$8.50n/a23
May ’25US$25.36
US$28.03
+10.5%
19.7%US$34.00US$8.50n/a24
Apr ’25US$25.49
US$25.82
+1.3%
19.9%US$33.00US$8.50n/a24
Mar ’25US$22.58
US$25.12
+11.3%
18.5%US$33.00US$8.50n/a23
Feb ’25US$19.33
US$24.79
+28.3%
18.6%US$32.00US$8.50n/a23
Jan ’25US$20.14
US$24.66
+22.5%
18.7%US$32.00US$8.50n/a23
Dec ’24US$20.68
US$24.66
+19.3%
18.7%US$32.00US$8.50US$31.3723
Nov ’24US$21.88
US$24.21
+10.6%
19.7%US$32.00US$8.50US$26.2823
Oct ’24US$20.34
US$21.70
+6.7%
18.4%US$29.00US$8.50US$27.5723
Sep ’24US$19.55
US$21.22
+8.5%
17.3%US$29.00US$8.50US$26.8423
Aug ’24US$17.90
US$20.40
+13.9%
19.2%US$29.00US$8.50US$28.8023
Jul ’24US$16.62
US$18.17
+9.3%
15.4%US$23.00US$8.50US$26.2621
Jun ’24US$14.02
US$17.98
+28.2%
14.3%US$20.00US$8.50US$26.1921
May ’24US$13.56
US$18.02
+32.9%
14.4%US$20.00US$8.50US$25.3621
Apr ’24US$13.65
US$17.77
+30.2%
15.6%US$20.00US$8.50US$25.4922
Mar ’24US$15.42
US$17.26
+11.9%
17.3%US$20.00US$8.50US$22.5822
Feb ’24US$13.93
US$14.51
+4.2%
12.5%US$17.00US$8.50US$19.3322
Jan ’24US$12.19
US$13.60
+11.5%
16.6%US$17.00US$7.80US$20.1422
Dec ’23US$12.45
US$13.46
+8.1%
17.1%US$17.00US$7.80US$20.6821

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:06
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

TechnipFMC plc is covered by 80 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark van der GeestABN AMRO Bank N.V.
Pierre-Yves GauthierAlphaValue
Marzio FoaAlphaValue