(FET) Forum Energy Technologies - Overview
Sector: EnergyIndustry: Oil & Gas Equipment & Services | Exchange NYSE (USA) | Currency USD | Market Cap: 690m | Total Return 200.7% in 12m
Stock: Drilling Equipment, Subsea Systems, Artificial Lift, Valves, Process
Total Rating 51
Risk 33
Buy Signal 1.12
| Risk 5d forecast | |
|---|---|
| Volatility | 46.5% |
| Relative Tail Risk | -4.63% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.08 |
| Alpha | 175.50 |
| Character TTM | |
|---|---|
| Beta | 1.513 |
| Beta Downside | 1.932 |
| Drawdowns 3y | |
|---|---|
| Max DD | 50.62% |
| CAGR/Max DD | 0.71 |
EPS (Earnings per Share)
Revenue
Description: FET Forum Energy Technologies March 05, 2026
Forum Energy Technologies, Inc. (FET) designs, manufactures, and supplies products for the oil, natural gas, industrial, and renewable energy sectors globally. The company operates through two segments: Drilling and Completions, and Artificial Lift and Downhole. The oil and gas equipment and services sector provides specialized tools and technologies essential for exploration, extraction, and production.
The Drilling and Completions segment offers products and solutions for drilling, subsea operations, coiled tubing, well stimulation, and intervention markets. This includes drilling equipment, subsea remotely operated vehicles, hydraulic fracturing pumps, and wireline cable. The Artificial Lift and Downhole segment provides products for artificial lift, well construction, production, and infrastructure markets, such as equipment to safeguard artificial lift systems, well construction casing, and customized downhole technology for sand and flow control. FET distributes its products to drilling contractors, offshore service companies, and oil and gas operators.
To further your understanding, consider exploring ValueRay for detailed financial metrics and comparative analysis.
Headlines to watch out for
- Oil and natural gas prices dictate demand for drilling and completion equipment
- Global energy transition impacts demand for fossil fuel infrastructure
- Capital expenditure by E&P companies drives equipment sales
- Supply chain disruptions increase manufacturing costs
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: -9.66m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -1.56 > 1.0 |
| NWC/Revenue: 30.62% < 20% (prev 35.98%; Δ -5.36% < -1%) |
| CFO/TA 0.09 > 3% & CFO 70.4m > Net Income -9.66m |
| Net Debt (197.0m) to EBITDA (68.7m): 2.87 < 3 |
| Current Ratio: 2.17 > 1.5 & < 3 |
| Outstanding Shares: last quarter (12.1m) vs 12m ago -1.74% < -2% |
| Gross Margin: 27.67% > 18% (prev 0.31%; Δ 2.74k% > 0.5%) |
| Asset Turnover: 100.9% > 50% (prev 100.1%; Δ 0.87% > 0%) |
| Interest Coverage Ratio: 1.91 > 6 (EBITDA TTM 68.7m / Interest Expense TTM 18.3m) |
Altman Z'' -3.43
| A: 0.32 (Total Current Assets 448.9m - Total Current Liabilities 206.5m) / Total Assets 752.5m |
| B: -1.12 (Retained Earnings -844.5m / Total Assets 752.5m) |
| C: 0.04 (EBIT TTM 34.9m / Avg Total Assets 784.2m) |
| D: -2.08 (Book Value of Equity -959.8m / Total Liabilities 461.3m) |
| Altman-Z'' Score: -3.43 = D |
Beneish M -3.08
| DSRI: 0.95 (Receivables 142.4m/153.9m, Revenue 791.5m/816.4m) |
| GMI: 1.13 (GM 27.67% / 31.24%) |
| AQI: 0.99 (AQ_t 0.23 / AQ_t-1 0.23) |
| SGI: 0.97 (Revenue 791.5m / 816.4m) |
| TATA: -0.11 (NI -9.66m - CFO 70.4m) / TA 752.5m) |
| Beneish M-Score: -3.08 (Cap -4..+1) = AA |
What is the price of FET shares?
As of March 26, 2026, the stock is trading at USD 61.77 with a total of 137,116 shares traded.
Over the past week, the price has changed by +9.10%, over one month by +4.69%, over three months by +68.08% and over the past year by +200.73%.
Over the past week, the price has changed by +9.10%, over one month by +4.69%, over three months by +68.08% and over the past year by +200.73%.
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 | 64 | 3.6% |
| Analysts Target Price | 64 | 3.6% |
FET Fundamental Data Overview March 25, 2026
P/E Forward = 28.2486
P/S = 0.8716
P/B = 2.1763
P/EG = 3.5358
Revenue TTM = 791.5m USD
EBIT TTM = 34.9m USD
EBITDA TTM = 68.7m USD
Long Term Debt = 134.5m USD (from longTermDebt, last quarter)
Short Term Debt = 13.2m USD (from shortTermDebt, last quarter)
Debt = 231.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 197.0m USD (from netDebt column, last quarter)
Enterprise Value = 886.9m USD (689.8m + Debt 231.7m - CCE 34.7m)
Interest Coverage Ratio = 1.91 (Ebit TTM 34.9m / Interest Expense TTM 18.3m)
EV/FCF = 13.48x (Enterprise Value 886.9m / FCF TTM 65.8m)
FCF Yield = 7.42% (FCF TTM 65.8m / Enterprise Value 886.9m)
FCF Margin = 8.31% (FCF TTM 65.8m / Revenue TTM 791.5m)
Net Margin = -1.22% (Net Income TTM -9.66m / Revenue TTM 791.5m)
Gross Margin = 27.67% ((Revenue TTM 791.5m - Cost of Revenue TTM 572.4m) / Revenue TTM)
Gross Margin QoQ = 30.21% (prev 20.50%)
Tobins Q-Ratio = 1.18 (Enterprise Value 886.9m / Total Assets 752.5m)
Interest Expense / Debt = 1.84% (Interest Expense 4.26m / Debt 231.7m)
Taxrate = 21.0% (US default 21%)
NOPAT = 27.6m (EBIT 34.9m * (1 - 21.00%))
Current Ratio = 2.17 (Total Current Assets 448.9m / Total Current Liabilities 206.5m)
Debt / Equity = 0.80 (Debt 231.7m / totalStockholderEquity, last quarter 291.1m)
Debt / EBITDA = 2.87 (Net Debt 197.0m / EBITDA 68.7m)
Debt / FCF = 2.99 (Net Debt 197.0m / FCF TTM 65.8m)
Total Stockholder Equity = 310.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -1.23% (Net Income -9.66m / Total Assets 752.5m)
RoE = -3.11% (Net Income TTM -9.66m / Total Stockholder Equity 310.7m)
RoCE = 7.85% (EBIT 34.9m / Capital Employed (Equity 310.7m + L.T.Debt 134.5m))
RoIC = 5.97% (NOPAT 27.6m / Invested Capital 462.3m)
WACC = 8.83% (E(689.8m)/V(921.5m) * Re(11.31%) + D(231.7m)/V(921.5m) * Rd(1.84%) * (1-Tc(0.21)))
Discount Rate = 11.31% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 8.85%
[DCF] Terminal Value 68.97% ; FCFF base≈73.1m ; Y1≈52.2m ; Y5≈28.3m
[DCF] Fair Price = 24.68 (EV 474.8m - Net Debt 197.0m = Equity 277.8m / Shares 11.3m; r=8.83% [WACC]; 5y FCF grow -33.57% → 3.0% )
EPS Correlation: 77.28 | EPS CAGR: 28.82% | SUE: 0.08 | # QB: 0
Revenue Correlation: 76.75 | Revenue CAGR: 7.31% | SUE: 0.03 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.49 | Chg7d=-0.010 | Chg30d=+0.050 | Revisions Net=+1 | Analysts=2
EPS current Year (2026-12-31): EPS=2.02 | Chg7d=+0.670 | Chg30d=+0.375 | Revisions Net=-1 | Growth EPS=+220.6% | Growth Revenue=+6.3%
EPS next Year (2027-12-31): EPS=2.68 | Chg7d=-0.430 | Chg30d=-1.670 | Revisions Net=-1 | Growth EPS=+32.7% | Growth Revenue=+7.0%
[Analyst] Revisions Ratio: +1.00 (1 Up / 0 Down within 30d for Next Quarter)
P/S = 0.8716
P/B = 2.1763
P/EG = 3.5358
Revenue TTM = 791.5m USD
EBIT TTM = 34.9m USD
EBITDA TTM = 68.7m USD
Long Term Debt = 134.5m USD (from longTermDebt, last quarter)
Short Term Debt = 13.2m USD (from shortTermDebt, last quarter)
Debt = 231.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 197.0m USD (from netDebt column, last quarter)
Enterprise Value = 886.9m USD (689.8m + Debt 231.7m - CCE 34.7m)
Interest Coverage Ratio = 1.91 (Ebit TTM 34.9m / Interest Expense TTM 18.3m)
EV/FCF = 13.48x (Enterprise Value 886.9m / FCF TTM 65.8m)
FCF Yield = 7.42% (FCF TTM 65.8m / Enterprise Value 886.9m)
FCF Margin = 8.31% (FCF TTM 65.8m / Revenue TTM 791.5m)
Net Margin = -1.22% (Net Income TTM -9.66m / Revenue TTM 791.5m)
Gross Margin = 27.67% ((Revenue TTM 791.5m - Cost of Revenue TTM 572.4m) / Revenue TTM)
Gross Margin QoQ = 30.21% (prev 20.50%)
Tobins Q-Ratio = 1.18 (Enterprise Value 886.9m / Total Assets 752.5m)
Interest Expense / Debt = 1.84% (Interest Expense 4.26m / Debt 231.7m)
Taxrate = 21.0% (US default 21%)
NOPAT = 27.6m (EBIT 34.9m * (1 - 21.00%))
Current Ratio = 2.17 (Total Current Assets 448.9m / Total Current Liabilities 206.5m)
Debt / Equity = 0.80 (Debt 231.7m / totalStockholderEquity, last quarter 291.1m)
Debt / EBITDA = 2.87 (Net Debt 197.0m / EBITDA 68.7m)
Debt / FCF = 2.99 (Net Debt 197.0m / FCF TTM 65.8m)
Total Stockholder Equity = 310.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -1.23% (Net Income -9.66m / Total Assets 752.5m)
RoE = -3.11% (Net Income TTM -9.66m / Total Stockholder Equity 310.7m)
RoCE = 7.85% (EBIT 34.9m / Capital Employed (Equity 310.7m + L.T.Debt 134.5m))
RoIC = 5.97% (NOPAT 27.6m / Invested Capital 462.3m)
WACC = 8.83% (E(689.8m)/V(921.5m) * Re(11.31%) + D(231.7m)/V(921.5m) * Rd(1.84%) * (1-Tc(0.21)))
Discount Rate = 11.31% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 8.85%
[DCF] Terminal Value 68.97% ; FCFF base≈73.1m ; Y1≈52.2m ; Y5≈28.3m
[DCF] Fair Price = 24.68 (EV 474.8m - Net Debt 197.0m = Equity 277.8m / Shares 11.3m; r=8.83% [WACC]; 5y FCF grow -33.57% → 3.0% )
EPS Correlation: 77.28 | EPS CAGR: 28.82% | SUE: 0.08 | # QB: 0
Revenue Correlation: 76.75 | Revenue CAGR: 7.31% | SUE: 0.03 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.49 | Chg7d=-0.010 | Chg30d=+0.050 | Revisions Net=+1 | Analysts=2
EPS current Year (2026-12-31): EPS=2.02 | Chg7d=+0.670 | Chg30d=+0.375 | Revisions Net=-1 | Growth EPS=+220.6% | Growth Revenue=+6.3%
EPS next Year (2027-12-31): EPS=2.68 | Chg7d=-0.430 | Chg30d=-1.670 | Revisions Net=-1 | Growth EPS=+32.7% | Growth Revenue=+7.0%
[Analyst] Revisions Ratio: +1.00 (1 Up / 0 Down within 30d for Next Quarter)