Forum Z Score

FET
 Stock
  

USD 23.30  3.39  17.03%   

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Please check Forum Energy Piotroski F Score and Forum Energy Valuation analysis.
  
Forum Energy Capital Expenditure is comparatively stable at the moment as compared to the past year. Forum Energy reported Capital Expenditure of 4.61 Million in 2021. Invested Capital is likely to gain to about 772.8 M in 2022, whereas Return on Invested Capital is likely to drop (0.08)  in 2022. Forum Energy Weighted Average Shares is comparatively stable at the moment as compared to the past year. Forum Energy reported Weighted Average Shares of 5.64 Million in 2021. Weighted Average Shares Diluted is likely to gain to about 5.8 M in 2022, whereas Net Income is likely to drop (89.2 M) in 2022.

Forum Z Score Analysis

Forum Energy's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )

Forum Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Forum Energy is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Forum Energy's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Forum Energy's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Forum Energy's interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

According to the company's disclosures, Forum Energy Technologies has a Z Score of 0.0. This is 100.0% lower than that of the Energy sector and 100.0% lower than that of the Oil & Gas Equipment & Services industry. The z score for all United States stocks is 100.0% higher than that of the company.

Forum Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Forum Energy's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Forum Energy could also be used in its relative valuation, which is a method of valuing Forum Energy by comparing valuation metrics of similar companies.
Forum Energy is currently under evaluation in z score category among related companies.

Forum Energy Current Valuation Drivers

We derive many important indicators used in calculating different scores of Forum Energy from analyzing Forum Energy's financial statements. These drivers represent accounts that assess Forum Energy's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Forum Energy's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee(22.85 K)(149.63 K)(246.55 K)(69.02 K)(59.04 K)(63.7 K)
Revenue Per Employee314.85 K425.69 K415.88 K365.05 K386.48 K428.58 K
Average Assets1.91 B2.08 B1.51 B1.01 B809.86 M1.13 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA36.66 M(282.71 M)(474.01 M)(28.5 M)(7.82 M)(8.03 M)
Earnings Before Interest Taxes and Depreciation Amortization USD36.66 M(282.71 M)(474.01 M)(28.5 M)(7.82 M)(8.03 M)
Earnings before Tax(55.28 M)(389.75 M)(568.87 M)(109.77 M)(82.01 M)(88.48 M)
Average Equity1.25 B1.33 B755.69 M429.14 M354.6 M363.93 M
Enterprise Value1.92 B890.84 M609.43 M383.95 M309.69 M317.84 M
Free Cash Flow(66.74 M)(21.64 M)89.53 M6.93 M(11.17 M)(11.46 M)
Invested Capital1.17 B1.24 B1.08 B735.16 M619.39 M772.84 M
Invested Capital Average1.04 B1.22 B1.2 B922.68 M643.55 M783.05 M
Market Capitalization1.68 B450.86 M185.58 M66.35 M91.17 M93.57 M
Tangible Asset Value996.92 M1 B887.7 M649.48 M573.93 M683.52 M
Working Capital574.08 M529.09 M469.07 M365.26 M271.08 M351.32 M

Forum Energy Institutional Holders

Institutional Holdings refers to the ownership stake in Forum Energy that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Forum Energy's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Forum Energy's value.
Security TypeSharesValue
Mackay Shields LlcDebt68.4 M64.6 M
Allspring Global Investments Holdings LlcCommon Shares217.4 K4.3 M
Monaco Asset Management SamCommon Shares203.8 KM
Icon Wealth Partners LlcCommon Shares32.8 K644 K
Dorsey Wright AssociatesCommon Shares1.9 K37 K
Eversource Wealth Advisors LlcCommon Shares90818 K
Harbor Investment Advisory LlcCommon Shares100.0K
Hillman CoCommon Shares94.0K

Forum Fundamentals

About Forum Energy Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Forum Energy Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Forum Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Forum Energy Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Forum Energy Technologies, Inc. designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas. Forum Energy operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 1400 people.

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Our tools can tell you how much better you can do entering a position in Forum Energy without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Please check Forum Energy Piotroski F Score and Forum Energy Valuation analysis. Note that the Forum Energy Technologies information on this page should be used as a complementary analysis to other Forum Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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When running Forum Energy Technologies price analysis, check to measure Forum Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Forum Energy is operating at the current time. Most of Forum Energy's value examination focuses on studying past and present price action to predict the probability of Forum Energy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Forum Energy's price. Additionally, you may evaluate how the addition of Forum Energy to your portfolios can decrease your overall portfolio volatility.
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Is Forum Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Forum Energy. If investors know Forum will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Forum Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
133.3 M
Quarterly Revenue Growth YOY
0.25
Return On Assets
-0.0162
Return On Equity
-0.0927
The market value of Forum Energy Technologies is measured differently than its book value, which is the value of Forum that is recorded on the company's balance sheet. Investors also form their own opinion of Forum Energy's value that differs from its market value or its book value, called intrinsic value, which is Forum Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Forum Energy's market value can be influenced by many factors that don't directly affect Forum Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Forum Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine Forum Energy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forum Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.