Overview Dividends

(FET) Forum Energy Technologies - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US34984V2097

Drilling Equipment, Subsea Vehicles, Frac Pumps, Artificial Lift, Downhole Tools

FET EPS (Earnings per Share)

EPS Growth (3Y CAGR): 186.39%
EPS Trend (3Y Correlation): 86.5%

FET Revenue

Revenue Growth (3Y CAGR): 3.48%
Revenue Trend (3Y Correlation): 67.2%

Description: FET Forum Energy Technologies October 28, 2025

Forum Energy Technologies (NYSE:FET) designs and manufactures equipment for oil, natural gas, industrial and renewable-energy markets, operating through two divisions: Drilling & Completions and Artificial Lift & Downhole. The former supplies drilling-rig hardware, subsea ROVs, coiled-tubing systems and hydraulic-fracturing pumps; the latter provides artificial-lift gear, downhole tooling, sand-control devices and industrial valves. Products are sold worldwide via distributors to rig contractors, offshore service firms, government agencies and oil-field operators. The company, incorporated in 2005 and rebranded from Forum Oilfield Technologies in 2010, is headquartered in Houston, Texas.

Key quantitative points (FY 2023): revenue of roughly $1.1 billion, an operating margin near 6 %, and a backlog of about $300 million, indicating moderate demand cushioning. The segment mix is roughly 55 % Drilling & Completions and 45 % Artificial Lift, with artificial-lift sales trending upward as mature fields require enhanced recovery. Macro drivers include global rig-count cycles, oil-price volatility (which directly impacts capital-expenditure budgets), and the growing share of renewable-energy projects that create ancillary demand for subsea and high-pressure equipment.

If you want to dig deeper into FET’s valuation sensitivities-such as how changes in oil price forecasts or rig-count trends affect its cash-flow model-ValueRay’s analytical tools can provide a data-rich starting point.

FET Stock Overview

Market Cap in USD	368m
Sub-Industry	Oil & Gas Equipment & Services
IPO / Inception	2012-04-12

FET Stock Ratings

Growth Rating	30.0%
Fundamental	52.7%
Dividend Rating	-
Return 12m vs S&P 500	52.8%
Analyst Rating	-

FET Dividends

Currently no dividends paid

FET Growth Ratios

Growth Correlation 3m	80.3%
Growth Correlation 12m	74.1%
Growth Correlation 5y	-7.7%
CAGR 5y	-1.38%
CAGR/Max DD 3y (Calmar Ratio)	-0.02
CAGR/Mean DD 3y (Pain Ratio)	-0.04
Sharpe Ratio 12m	0.97
Alpha	73.78
Beta	0.890
Volatility	69.72%
Current Volume	111.7k
Average Volume 20d	109k
Stop Loss	27 (-5.7%)
Signal	-0.55

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (-109.5m TTM) > 0 and > 6% of Revenue (6% = 48.1m TTM)

FCFTA 0.11 (>2.0%) and ΔFCFTA 5.74pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 35.60% (prev 42.38%; Δ -6.78pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.11 (>3.0%) and CFO 89.2m > Net Income -109.5m (YES >=105%, WARN >=100%)

NO Net Debt/EBITDA fails (EBITDA <= 0)

Current Ratio 2.41 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (12.6m) change vs 12m ago 1.82% (target <= -2.0% for YES)

Gross Margin 30.67% (prev 29.47%; Δ 1.20pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 89.75% (prev 79.05%; Δ 10.70pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -3.15 (EBITDA TTM -41.0m / Interest Expense TTM 23.8m) >= 6 (WARN >= 3)

Altman Z'' -3.65

(A) 0.35 = (Total Current Assets 487.7m - Total Current Liabilities 202.3m) / Total Assets 810.1m

(B) -1.02 = Retained Earnings (Balance) -826.0m / Total Assets 810.1m

warn (B) unusual magnitude: -1.02 — check mapping/units

(D) -1.97 = Book Value of Equity -939.6m / Total Liabilities 475.9m

Total Rating: -3.65 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 52.73

1. Piotroski 5.50pt = 0.50

2. FCF Yield 22.60% = 5.0

3. FCF Margin 11.58% = 2.90

4. Debt/Equity 0.24 = 2.47

5. Debt/Ebitda -1.05 = -2.50

6. ROIC - WACC (= -15.81)% = -12.50

7. RoE -30.90% = -2.50

8. Rev. Trend 67.22% = 5.04

9. EPS Trend 86.47% = 4.32

What is the price of FET shares?

As of November 08, 2025, the stock is trading at USD 28.64 with a total of 111,656 shares traded.
Over the past week, the price has changed by +6.95%, over one month by +10.84%, over three months by +57.71% and over the past year by +74.21%.

Is Forum Energy Technologies a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Forum Energy Technologies is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 52.73 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of FET is around 28.57 USD . This means that FET is currently overvalued and has a potential downside of -0.24%.

Is FET a buy, sell or hold?

Forum Energy Technologies has no consensus analysts rating.

What are the forecasts/targets for the FET price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	31	8.2%
Analysts Target Price	31	8.2%
ValueRay Target Price	31.8	10.9%

FET Fundamental Data Overview October 27, 2025

Market Cap USD = 368.0m (368.0m USD * 1.0 USD.USD)
P/E Forward = 22.8311
P/S = 0.459
P/B = 0.9028
P/EG = -1.07
Beta = 0.89
Revenue TTM = 801.8m USD
EBIT TTM = -74.8m USD
EBITDA TTM = -41.0m USD
Long Term Debt = 157.7m USD (from longTermDebt, last quarter)
Short Term Debt = 1.66m USD (from shortTermDebt, last quarter)
Debt = 81.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 42.9m USD (from netDebt column, last quarter)
Enterprise Value = 411.0m USD (368.0m + Debt 81.9m - CCE 39.0m)
Interest Coverage Ratio = -3.15 (Ebit TTM -74.8m / Interest Expense TTM 23.8m)
FCF Yield = 22.60% (FCF TTM 92.9m / Enterprise Value 411.0m)
FCF Margin = 11.58% (FCF TTM 92.9m / Revenue TTM 801.8m)
Net Margin = -13.66% (Net Income TTM -109.5m / Revenue TTM 801.8m)
Gross Margin = 30.67% ((Revenue TTM 801.8m - Cost of Revenue TTM 555.9m) / Revenue TTM)
Gross Margin QoQ = 29.71% (prev 30.20%)
Tobins Q-Ratio = 0.51 (Enterprise Value 411.0m / Total Assets 810.1m)
Interest Expense / Debt = 5.75% (Interest Expense 4.71m / Debt 81.9m)
Taxrate = 44.68% (6.22m / 13.9m)
NOPAT = -41.4m (EBIT -74.8m * (1 - 44.68%)) [loss with tax shield]
Current Ratio = 2.41 (Total Current Assets 487.7m / Total Current Liabilities 202.3m)
Debt / Equity = 0.24 (Debt 81.9m / totalStockholderEquity, last quarter 334.2m)
Debt / EBITDA = -1.05 (negative EBITDA) (Net Debt 42.9m / EBITDA -41.0m)
Debt / FCF = 0.46 (Net Debt 42.9m / FCF TTM 92.9m)
Total Stockholder Equity = 354.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -13.52% (Net Income -109.5m / Total Assets 810.1m)
RoE = -30.90% (Net Income TTM -109.5m / Total Stockholder Equity 354.4m)
RoCE = -14.61% (EBIT -74.8m / Capital Employed (Equity 354.4m + L.T.Debt 157.7m))
RoIC = -7.64% (negative operating profit) (NOPAT -41.4m / Invested Capital 542.1m)
WACC = 8.18% (E(368.0m)/V(449.9m) * Re(9.29%) + D(81.9m)/V(449.9m) * Rd(5.75%) * (1-Tc(0.45)))
Discount Rate = 9.29% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 10.94%
[DCF Debug] Terminal Value 65.03% ; FCFE base≈78.1m ; Y1≈51.3m ; Y5≈23.4m
Fair Price DCF = 31.80 (DCF Value 378.6m / Shares Outstanding 11.9m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 86.47 | EPS CAGR: 186.4% | SUE: -0.23 | # QB: 0
Revenue Correlation: 67.22 | Revenue CAGR: 3.48% | SUE: 0.03 | # QB: 0

Additional Sources for FET Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle