FORM Stock Overview
FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions.
No risks detected for FORM from our risk checks.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$35.72|
|52 Week High||US$47.48|
|52 Week Low||US$32.55|
|1 Month Change||1.59%|
|3 Month Change||-9.23%|
|1 Year Change||-7.58%|
|3 Year Change||114.66%|
|5 Year Change||161.69%|
|Change since IPO||103.18%|
Recent News & Updates
FormFactor Q2 2022 Earnings Preview
FormFactor (NASDAQ:FORM) is scheduled to announce Q2 earnings results on Wednesday, July 27th, after market close. The consensus EPS Estimate is $0.43 (+19.4% Y/Y) and the consensus Revenue Estimate is $203.14M (+8.0% Y/Y). Over the last 2 years, FORM has beaten EPS estimates 100% of the time and has beaten revenue estimates 88% of the time. Over the last 3 months, EPS estimates have seen 3 upward revisions and 2 downward. Revenue estimates have seen 2 upward revisions and 2 downward.
Does FormFactor (NASDAQ:FORM) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
|FORM||US Semiconductor||US Market|
Return vs Industry: FORM matched the US Semiconductor industry which returned -7.8% over the past year.
Return vs Market: FORM exceeded the US Market which returned -12.8% over the past year.
|FORM Average Weekly Movement||8.0%|
|Semiconductor Industry Average Movement||8.4%|
|Market Average Movement||7.9%|
|10% most volatile stocks in US Market||17.1%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: FORM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: FORM's weekly volatility (8%) has been stable over the past year.
About the Company
FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.
FormFactor Fundamentals Summary
|FORM fundamental statistics|
Is FORM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FORM income statement (TTM)|
|Cost of Revenue||US$433.15m|
Last Reported Earnings
Jun 25, 2022
Next Earnings Date
|Earnings per share (EPS)||1.36|
|Net Profit Margin||13.38%|
How did FORM perform over the long term?See historical performance and comparison
Is FORM undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FORM?
Other financial metrics that can be useful for relative valuation.
|What is FORM's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does FORM's PE Ratio compare to its peers?
|FORM PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
ACLS Axcelis Technologies
Price-To-Earnings vs Peers: FORM is expensive based on its Price-To-Earnings Ratio (26.2x) compared to the peer average (17x).
Price to Earnings Ratio vs Industry
How does FORM's PE Ratio compare vs other companies in the US Semiconductor Industry?
Price-To-Earnings vs Industry: FORM is expensive based on its Price-To-Earnings Ratio (26.2x) compared to the US Semiconductor industry average (19.7x)
Price to Earnings Ratio vs Fair Ratio
What is FORM'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.
|Current PE Ratio||26.2x|
|Fair PE Ratio||24x|
Price-To-Earnings vs Fair Ratio: FORM is expensive based on its Price-To-Earnings Ratio (26.2x) compared to the estimated Fair Price-To-Earnings Ratio (24x).
Share Price vs Fair Value
What is the Fair Price of FORM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FORM ($35.72) is trading below our estimate of fair value ($64)
Significantly Below Fair Value: FORM is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is FormFactor forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FORM's forecast earnings growth (21.9% per year) is above the savings rate (1.9%).
Earnings vs Market: FORM's earnings (21.9% per year) are forecast to grow faster than the US market (12.8% per year).
High Growth Earnings: FORM's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FORM's revenue (5.6% per year) is forecast to grow slower than the US market (7.9% per year).
High Growth Revenue: FORM's revenue (5.6% 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 (16.2%).
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How has FormFactor performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FORM has high quality earnings.
Growing Profit Margin: FORM's current net profit margins (13.4%) are higher than last year (10.6%).
Past Earnings Growth Analysis
Earnings Trend: FORM has become profitable over the past 5 years, growing earnings by 20.8% per year.
Accelerating Growth: FORM's earnings growth over the past year (33.6%) exceeds its 5-year average (20.8% per year).
Earnings vs Industry: FORM earnings growth over the past year (33.6%) underperformed the Semiconductor industry 51%.
Return on Equity
High ROE: FORM's Return on Equity (12.8%) is considered low.
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How is FormFactor's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: FORM's short term assets ($537.1M) exceed its short term liabilities ($159.6M).
Long Term Liabilities: FORM's short term assets ($537.1M) exceed its long term liabilities ($52.9M).
Debt to Equity History and Analysis
Debt Level: FORM has more cash than its total debt.
Reducing Debt: FORM's debt to equity ratio has reduced from 28.5% to 2.4% over the past 5 years.
Debt Coverage: FORM's debt is well covered by operating cash flow (814.7%).
Interest Coverage: FORM's interest payments on its debt are well covered by EBIT (1203x coverage).
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What is FormFactor current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FORM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FORM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FORM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FORM's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as FORM has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Slessor (52 yo)
Dr. Michael D. Slessor, also known as Mike, has been the Chief Executive Officer at FormFactor Inc. since December 28, 2014 and serves as its President. He served as its President at FormFactor Inc from Oc...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD6.65M) is about average for companies of similar size in the US market ($USD6.58M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Experienced Management: FORM's management team is seasoned and experienced (5.3 years average tenure).
Experienced Board: FORM's board of directors are considered experienced (6.6 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.
FormFactor, Inc.'s employee growth, exchange listings and data sources
- Name: FormFactor, Inc.
- Ticker: FORM
- Exchange: NasdaqGS
- Founded: 1993
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Implied Market Cap: US$2.788b
- Shares outstanding: 78.06m
- Website: https://www.formfactor.com
Number of Employees
- FormFactor, Inc.
- 7005 Southfront Road
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/06 00:00|
|End of Day Share Price||2022/08/05 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.