FARO Technologies, Inc. designs, develops, manufactures, markets, and supports software driven three-dimensional (3D) measurement and imaging solutions.
Flawless balance sheet with moderate growth potential.
Share Price & News
How has FARO Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FARO has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FARO exceeded the US Electronic industry which returned 8.9% over the past year.
Return vs Market: FARO exceeded the US Market which returned 20.3% over the past year.
Price Volatility Vs. Market
How volatile is FARO Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StHow Does FARO Technologies, Inc. (NASDAQ:FARO) Affect Your Portfolio Volatility?
3 weeks ago | Simply Wall StIs There Now An Opportunity In FARO Technologies, Inc. (NASDAQ:FARO)?
1 month ago | Simply Wall StFARO Technologies (NASDAQ:FARO) Shareholders Have Enjoyed A 37% Share Price Gain
Is FARO 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: FARO ($53.75) is trading below our estimate of fair value ($56.52)
Significantly Below Fair Value: FARO is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FARO is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.
PE vs Market: FARO 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 FARO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FARO is overvalued based on its PB Ratio (2.5x) compared to the US Electronic industry average (1.9x).
How is FARO Technologies forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FARO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: FARO is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: FARO's is expected to become profitable in the next 3 years.
Revenue vs Market: FARO's revenue (3.8% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: FARO's revenue (3.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FARO's Return on Equity is forecast to be low in 3 years time (7.1%).
How has FARO Technologies performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FARO is currently unprofitable.
Growing Profit Margin: FARO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FARO is unprofitable, and losses have increased over the past 5 years at a rate of -61.1% per year.
Accelerating Growth: Unable to compare FARO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FARO is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (14.6%).
Return on Equity
High ROE: FARO has a negative Return on Equity (-1.82%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is FARO Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: FARO's short term assets ($306.5M) exceed its short term liabilities ($92.3M).
Long Term Liabilities: FARO's short term assets ($306.5M) exceed its long term liabilities ($48.2M).
Debt to Equity History and Analysis
Debt Level: FARO is debt free.
Reducing Debt: FARO has not had any debt for past 5 years.
Inventory Level: FARO has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if FARO's debt is covered by short term assets.
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: FARO has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: FARO has been profitable on average in the past, therefore cash runway is not a concern.
What is FARO Technologies's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FARO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate FARO's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FARO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FARO'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 FARO'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
Michael Burger (60yo)
Mr. Michael D. Burger serves as Director at FARO Technologies, Inc. since June 17, 2019. Mr. Burger has been President and Chief Executive Officer of FARO Technologies, Inc. since June 17, 2019. Mr. Burger ...
|Senior VP||6yrs||US$678.80k||0.015% $145.7k|
|Chief People Officer||3.1yrs||US$523.66k||no data|
|President||0.7yrs||no data||no data|
|Chief Financial Officer||0.6yrs||no data||no data|
|Vice President of Finance and Corporate Development||2.8yrs||US$294.19k||no data|
|Chief R&D Officer||1.1yrs||no data||0.0036% $34.4k|
Experienced Management: FARO's management team is not considered experienced ( 2 years average tenure), which suggests a new team.
|President||0.7yrs||no data||no data|
|Independent Director||18.1yrs||US$176.24k||0.13% $1.2m|
|Independent Director||20.1yrs||US$196.24k||0.077% $728.4k|
|Independent Director||2.2yrs||US$167.49k||0.022% $212.3k|
|Independent Director||2.2yrs||US$169.99k||0.022% $212.3k|
|Chairman & Lead Director||0yrs||US$229.97k||0.10% $961.1k|
|Independent Director||10.6yrs||US$169.99k||0.074% $704.5k|
Experienced Board: FARO's board of directors are considered experienced (6.4 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 been diluted in the past year, with total shares outstanding growing by 2.4%.
FARO Technologies, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: FARO Technologies, Inc.
- Ticker: FARO
- Exchange: NasdaqGS
- Founded: 1981
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$946.434m
- Shares outstanding: 17.40m
- Website: https://www.faro.com
Number of Employees
- FARO Technologies, Inc.
- 250 Technology Park
- Lake Mary
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FARO||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Sep 1997|
|FT1||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Sep 1997|
FARO Technologies, Inc. designs, develops, manufactures, markets, and supports software driven three-dimensional (3D) measurement and imaging solutions. It operates through three segments: 3D Manufacturing, Construction BIM, and Emerging Verticals. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; and FARO ScanArm, a FaroArm equipped with a hard probe and non-contact laser line probe to measure products. It also provides FARO Design ScanArm 2.5C, a portable lightweight 3D ScanArm; FARO Prizm, a full-color laser line probe with 3D design and modeling software; FARO Laser Tracker that combines a portable laser measurement tool, a computer, and CAM2 software programs; FARO Cobalt Array Imager, a metrology-grade structured light imager; FARO Tracer, which projects a laser line onto a surface or object; and FARO Focus laser scanner to measure and collect a cloud of data points. In addition, the company offers FARO Scanner Freestyle3DX, a handheld scanner that documents rooms, structures, and objects in 3D, as well as creates high-definition point clouds; FARO ScanPlan, a handheld mapper that captures 2D floor plans; FARO Digi-Cube, a digital auto-controlled scan head for integration into various laser scanning products; and FARO Software, a proprietary computer-aided design-based measurement and laser scanner software. FARO Technologies, Inc. offers its products for manufacturing, industrial, architecture, surveying, building information modeling, construction, public safety forensics, cultural heritage, dental, and other applications. The company sells its products in Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Malaysia, Mexico, the Netherlands, Poland, Portugal, Singapore, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, the United Kingdom, and the United States. FARO Technologies, Inc. was founded in 1981 and is headquartered in Lake Mary, Florida.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 23:58|
|End of Day Share Price||2020/02/19 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.