Fortinet Retained Earnings

FTNT
 Stock
  

USD 50.85  0.82  1.59%   

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.
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Fortinet Earnings Before Interest Taxes and Depreciation Amortization EBITDA are comparatively stable at the moment as compared to the past year. Fortinet reported Earnings Before Interest Taxes and Depreciation Amortization EBITDA of 704.7 Million in 2021. Earnings before Tax is likely to gain to about 669.9 M in 2022, whereas Accumulated Retained Earnings Deficit are likely to drop (480.2 M) in 2022.

Fortinet Retained Earnings Analysis

Fortinet's Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.
Retained Earnings 
 = 
Beginning RE + Income 
Dividends 
More About Retained Earnings | All Equity Analysis

Current Fortinet Retained Earnings

    
  151.38 M  
Most of Fortinet's fundamental indicators, such as Retained Earnings, 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 Retained Earnings 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 retained earnings 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 retained earnings as a starting point in their analysis.
   Fortinet Retained Earnings   
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       Timeline  
Retained Earnings shows how the firm utilizes its profits over time. In simple terms, investors can think of retained earnings as the amount of profit the company has reinvested in the business since its inceptions. However the methodology to make a decision over how much profit to retain is different between companies in different industries. For example, growing industries tend to retain more of their earnings than more matured industries as they need more assets investment to sustain their growth.
Compare to competition

Fortinet Accumulated Retained Earnings Deficit

Accumulated Retained Earnings Deficit

(480.21 Million)

Fortinet Accumulated Retained Earnings Deficit are comparatively stable at the moment as compared to the past year. Fortinet reported Accumulated Retained Earnings Deficit of (467.9 Million) in 2021
Based on the latest financial disclosure, Fortinet has a Retained Earnings of 151.38 M. This is 99.55% lower than that of the Software sector and significantly higher than that of the Information Technology industry. The retained earnings for all United States stocks is 98.38% higher than that of the company.

Fortinet Retained Earnings 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 Retained Earnings 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 retained earnings 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
Accumulated Retained Earnings Deficit-467.9 M-480.2 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA704.7 M760.3 M
Earnings before Tax620.9 M669.9 M

Fortinet Investors Sentiment

The influence of Fortinet's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Fortinet. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Fortinet's public news can be used to forecast risks associated with investment in Fortinet. The trend in average sentiment can be used to explain how an investor holding Fortinet can time the market purely based on public headlines and social activities around Fortinet. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Fortinet's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Fortinet's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Fortinet's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Fortinet.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Fortinet in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Fortinet's short interest history, or implied volatility extrapolated from Fortinet options trading.

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Please check Fortinet Piotroski F Score and Fortinet Altman Z Score analysis. You can also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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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
40.4 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.