FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, and thermal sub-systems. More Details
Excellent balance sheet with questionable track record.
Share Price & News
How has FormFactor's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FORM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: FORM's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: FORM exceeded the US Semiconductor industry which returned 52.9% over the past year.
Return vs Market: FORM exceeded the US Market which returned 23.7% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is FormFactor's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StAre Strong Financial Prospects The Force That Is Driving The Momentum In FormFactor, Inc.'s NASDAQ:FORM) Stock?
3 weeks ago | Simply Wall StFormFactor (NASDAQ:FORM) Seems To Use Debt Rather Sparingly
1 month ago | Simply Wall StIs Now An Opportune Moment To Examine FormFactor, Inc. (NASDAQ:FORM)?
Is FormFactor 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: FORM ($49.29) is trading below our estimate of fair value ($61.05)
Significantly Below Fair Value: FORM is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FORM is poor value based on its PE Ratio (48.3x) compared to the US Semiconductor industry average (46.1x).
PE vs Market: FORM is poor value based on its PE Ratio (48.3x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: FORM is poor value based on its PEG Ratio (3.5x)
Price to Book Ratio
PB vs Industry: FORM is overvalued based on its PB Ratio (5.3x) compared to the US Semiconductor industry average (4.6x).
How is FormFactor forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FORM's forecast earnings growth (13.8% per year) is above the savings rate (2%).
Earnings vs Market: FORM's earnings (13.8% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: FORM's earnings are forecast to grow, but not significantly.
Revenue vs Market: FORM's revenue (7.1% per year) is forecast to grow slower than the US market (10.6% per year).
High Growth Revenue: FORM's revenue (7.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FORM's Return on Equity is forecast to be low in 3 years time (15.5%).
How has FormFactor performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FORM has high quality earnings.
Growing Profit Margin: FORM's current net profit margins (11.5%) are lower than last year (19.2%).
Past Earnings Growth Analysis
Earnings Trend: FORM has become profitable over the past 5 years, growing earnings by 48.4% per year.
Accelerating Growth: FORM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FORM had negative earnings growth (-26.4%) over the past year, making it difficult to compare to the Semiconductor industry average (20.8%).
Return on Equity
High ROE: FORM's Return on Equity (10.9%) is considered low.
How is FormFactor's financial position?
Financial Position Analysis
Short Term Liabilities: FORM's short term assets ($456.2M) exceed its short term liabilities ($136.3M).
Long Term Liabilities: FORM's short term assets ($456.2M) exceed its long term liabilities ($65.2M).
Debt to Equity History and Analysis
Debt Level: FORM's debt to equity ratio (5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if FORM's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FORM's debt is well covered by operating cash flow (449.7%).
Interest Coverage: FORM earns more interest than it pays, so coverage of interest payments is not a concern.
What is FormFactor current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FORM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FORM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FORM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FORM's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FORM's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Slessor (50 yo)
Dr. Michael D. Slessor, also known as Mike, has been the Chief Executive Officer at FormFactor Inc. since December 28, 2014 and served as its President from October 2013 till December 2014. Dr. Slessor ser...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD4.05M) is about average for companies of similar size in the US market ($USD5.01M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
|CEO & Director||6.08yrs||US$4.05m||0.47% |
|Chief Financial Officer||2.83yrs||US$1.56m||0.0044% |
|CTO and Senior VP of Technology R&D||7yrs||no data||no data|
|Chief Information Officer||0.25yr||no data||no data|
|Head of Investor Relations||no data||no data||no data|
|VP, General Counsel & Secretary||5.42yrs||no data||no data|
|Chief Marketing Officer and Senior VP of Mergers & Acquisitions||3.75yrs||no data||no data|
|Senior Vice President of Worldwide Sales & Service||3.75yrs||no data||no data|
|Vice President of Global Human Resources||4.5yrs||no data||no data|
|Senior VP & GM of Probes Business Unit||3.83yrs||no data||no data|
Experienced Management: FORM's management team is considered experienced (3.8 years average tenure).
|CEO & Director||6.08yrs||US$4.05m||0.47% |
|Independent Director||14.17yrs||US$199.86k||0.12% |
|Independent Director||10.25yrs||US$201.48k||0.043% |
|Independent Chairman||7.25yrs||US$211.48k||0.050% |
|Director Emeritus||no data||US$213.48k||no data|
|Independent Director||4.58yrs||US$207.48k||0.072% |
|Director Emeritus||no data||US$198.27k||no data|
|Independent Director||5.42yrs||US$198.98k||0.023% |
|Independent Director||1.08yrs||US$93.38k||0.0026% |
|Independent Director||1.33yrs||US$115.41k||0% |
Experienced Board: FORM's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FORM insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.
FormFactor, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: FormFactor, Inc.
- Ticker: FORM
- Exchange: NasdaqGS
- Founded: 1993
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: US$3.814b
- Shares outstanding: 77.39m
- Website: https://www.formfactor.com
Number of Employees
- FormFactor, Inc.
- 7005 Southfront Road
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FORM||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jun 2003|
|FMF||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jun 2003|
FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, and thermal sub-systems. It operates in two segments, Probe Cards and Systems. The compa...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/23 23:52|
|End of Day Share Price||2021/01/22 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.