Fortinet Cash per Share

FTNT
 Stock
  

USD 52.91  1.31  2.54%   

Fortinet fundamentals help investors to digest information that contributes to Fortinet's financial success or failures. It also enables traders to predict the movement of Fortinet Stock. The fundamental analysis module provides a way to measure Fortinet's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Fortinet stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
Free Cash Flow is likely to gain to about 1.3 B in 2022.

Fortinet Cash per Share Analysis

Fortinet's Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Cash per Share 
 = 
Total Cash 
Average Shares 
More About Cash per Share | All Equity Analysis

Current Fortinet Cash per Share

    
  2.21 X  
Most of Fortinet's fundamental indicators, such as Cash per Share, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Fortinet is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Fortinet Cash per Share Driver Correlations

Understanding the fundamental principles of building solid financial models for Fortinet is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Cash per Share. Since Fortinet'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 Fortinet'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 Fortinet's interrelated accounts and indicators.

Fortinet Cash per Share Historical Pattern

Today, most investors in Fortinet Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Fortinet's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's cash per share growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Fortinet cash per share as a starting point in their analysis.
   Fortinet Cash per Share   
Share
       Timeline  
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Compare to competition

Fortinet Shareholders Equity

Shareholders Equity

710.22 Million

Fortinet Shareholders Equity is comparatively stable at the moment as compared to the past year. Fortinet reported Shareholders Equity of 781.7 Million in 2021
In accordance with the recently published financial statements, Fortinet has a Cash per Share of 2.21 times. This is 37.22% lower than that of the Software sector and significantly higher than that of the Information Technology industry. The cash per share for all United States stocks is 55.89% higher than that of the company.

Fortinet Cash per Share Peer Comparison

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

Fortinet Current Valuation Drivers

We derive many important indicators used in calculating different scores of Fortinet from analyzing Fortinet's financial statements. These drivers represent accounts that assess Fortinet's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Fortinet's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee6.2 K56.84 K46.1 K59.14 K59.52 K64.22 K
Revenue Per Employee295.09 K308.16 K304.46 K314.07 K327.83 K291.81 K
Average Assets1.98 B2.32 B3.5 B3.54 B5.68 B6.13 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA157.41 M271.1 M387.4 M579.5 M704.7 M760.33 M
Earnings Before Interest Taxes and Depreciation Amortization USD91.6 M179.5 M447.6 M610.5 M720.2 M777.06 M
Earnings before Tax43.1 M124 M386 M541.7 M620.9 M669.92 M
Average Equity801.95 M828 M1.18 B662.35 M982.7 M933.2 M
Enterprise Value4.56 B6.69 B17.08 B23.23 B57.92 B62.49 B
Free Cash Flow278.5 M459.1 M715.8 M957.8 M1.2 B1.3 B
Invested Capital562.12 M388.8 M1.1 B1.03 B3.08 B3.32 B
Invested Capital Average563.28 M518.1 M938.75 M911.98 M2.69 B2.9 B
Market Capitalization5.21 B7.6 B18.26 B24.11 B58.76 B63.4 B
Tangible Asset Value2.1 B2.23 B3.78 B3.92 B5.73 B6.18 B
Working Capital709.28 M689.6 M1.31 B910.9 M1.28 B1.07 B

Fortinet ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Fortinet's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Fortinet's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Fortinet Fundamentals

About Fortinet Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Fortinet's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fortinet using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fortinet 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.
Last ReportedProjected for 2022
Free Cash Flow1.2 B1.3 B

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Our tools can tell you how much better you can do entering a position in Fortinet without increasing your portfolio risk or giving up the 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 Fortinet Piotroski F Score and Fortinet Altman Z Score analysis. You can also try ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

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Is Fortinet'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 Fortinet. If investors know Fortinet 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 Fortinet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.526
Market Capitalization
40.3 B
Quarterly Revenue Growth YOY
0.326
Return On Assets
0.0909
Return On Equity
2.8924
The market value of Fortinet is measured differently than its book value, which is the value of Fortinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fortinet's value that differs from its market value or its book value, called intrinsic value, which is Fortinet'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 Fortinet's market value can be influenced by many factors that don't directly affect Fortinet'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 Fortinet's value and its price as these two are different measures arrived at by different means. Investors typically determine Fortinet value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortinet'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.