(FPS) Forgent Power Solutions - Overview
Sector: Industrials | Industry: Electrical Equipment & Parts | Exchange: NYSE (USA) | Market Cap: 14.479m USD | Total Return: 61.9% in 12m
Avg Turnover: 210M
Warnings
Share dilution 31.9% YoY
High Debt while negative Cash Flow
Beneish M-Score 0.58 > -1.5 - likely earnings manipulation
Low Hurst
Tailwinds
Rs Leader, Tailwind, Confidence
Forgent Power Solutions, Inc. (FPS) is a Minnesota-based manufacturer specializing in electrical distribution infrastructure. Its product portfolio includes critical hardware such as switchgear, transformers, and power distribution units designed for high-load environments. The company supports the entire equipment lifecycle through technical services, including commissioning, modernization, and aftermarket retrofits.
Operating within the Heavy Electrical Equipment sub-industry, FPS serves sectors currently driven by the expansion of hyperscale data centers and the modernization of the aging U.S. electrical grid. This business model relies on the increasing demand for reliable power management as industrial facilities transition toward greater electrification and energy density. Investors looking for deeper fundamental analysis can find comprehensive valuation metrics on ValueRay.
The company targets a diverse client base encompassing utility providers, technology firms, and heavy industrial operators. Founded in 2023, FPS focuses on both integrated hardware solutions like eHouses and modular power skids, which allow for rapid deployment in scalable infrastructure projects.
- Data center expansion accelerates demand for high-capacity electrical distribution equipment
- Rising utility infrastructure investment drives medium voltage transformer sales volume
- Specialized aftermarket services provide high-margin recurring revenue streams for long-term growth
- Raw material price volatility impacts manufacturing margins for switchgear and power skids
- Rapid adoption of energy-intensive industrial facilities fuels order backlog expansion
| Net Income: 4.62m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.05 > 0.02 and ΔFCF/TA -4.54 > 1.0 |
| NWC/Revenue: 19.83% < 20% (prev 109.1%; Δ -89.29% < -1%) |
| CFO/TA 0.02 > 3% & CFO 31.2m > Net Income 4.62m |
| Net Debt (737.2m) to EBITDA (151.2m): 4.88 < 3 |
| Current Ratio: 1.64 > 1.5 & < 3 |
| Outstanding Shares: last quarter (304.4m) vs 12m ago 31.88% < -2% |
| Gross Margin: 32.09% > 18% (prev 0.37%; Δ 3.17k% > 0.5%) |
| Asset Turnover: 74.63% > 50% (prev 13.41%; Δ 61.21% > 0%) |
| Interest Coverage Ratio: 1.51 > 6 (EBITDA TTM 151.2m / Interest Expense TTM 56.7m) |
| A: 0.13 (Total Current Assets 607.4m - Total Current Liabilities 370.2m) / Total Assets 1.85b |
| B: 0.01 (Retained Earnings 26.0m / Total Assets 1.85b) |
| C: 0.05 (EBIT TTM 85.7m / Avg Total Assets 1.60b) |
| D: 0.02 (Book Value of Equity 26.0m / Total Liabilities 1.27b) |
| Altman-Z'' = 1.27 = BB |
| DSRI: 0.51 (Receivables 274.6m/81.3m, Revenue 1.20b/181.3m) |
| GMI: 1.16 (GM 32.09% / 37.36%) |
| AQI: 0.76 (AQ_t 0.52 / AQ_t-1 0.68) |
| SGI: 6.60 (Revenue 1.20b / 181.3m) |
| TATA: -0.01 (NI 4.62m - CFO 31.2m) / TA 1.85b) |
| Beneish M = 0.58 (Cap -4..+1) = D |
As of May 30, 2026, the stock is trading at USD 54.66 with a total of 32,048,665 shares traded.
Over the past week, the price has changed by +12.65%,
over one month by +50.58%,
over three months by +58.94% and
over the past year by +61.91%.
Forgent Power Solutions has no consensus analysts rating.
P/E Trailing = 2378.0
P/E Forward = 42.5532
P/S = 12.1059
P/B = 26.004
P/EG = 0.5308
Revenue TTM = 1.20b USD
EBIT TTM = 85.7m USD
EBITDA TTM = 151.2m USD
Long Term Debt = 578.1m USD (from longTermDebt, last quarter)
Short Term Debt = 14.3m USD (from shortTermDebt, last quarter)
Debt = 831.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 123.4m
Net Debt = 737.2m USD (calculated: Debt 831.0m - CCE 93.8m)
Enterprise Value = 15.2b USD (14.5b + Debt 831.0m - CCE 93.8m)
Interest Coverage Ratio = 1.51 (Ebit TTM 85.7m / Interest Expense TTM 56.7m)
EV/FCF = -161.2x (Enterprise Value 15.2b / FCF TTM -94.4m)
FCF Yield = -0.62% (FCF TTM -94.4m / Enterprise Value 15.2b)
FCF Margin = -7.89% (FCF TTM -94.4m / Revenue TTM 1.20b)
Net Margin = 0.39% (Net Income TTM 4.62m / Revenue TTM 1.20b)
Gross Margin = 32.09% ((Revenue TTM 1.20b - Cost of Revenue TTM 812.3m) / Revenue TTM)
Gross Margin QoQ = 31.12% (prev 29.77%)
Tobins Q-Ratio = 8.21 (Enterprise Value 15.2b / Total Assets 1.85b)
Interest Expense / Debt = 6.82% (Interest Expense 56.7m / Debt 831.0m)
Taxrate = 15.25% (4.40m / 28.9m)
NOPAT = 72.6m (EBIT 85.7m * (1 - 15.25%))
Current Ratio = 1.64 (Total Current Assets 607.4m / Total Current Liabilities 370.2m)
Debt / Equity = 1.86 (Debt 831.0m / totalStockholderEquity, last quarter 446.5m)
Debt / EBITDA = 4.88 (Net Debt 737.2m / EBITDA 151.2m)
Debt / FCF = -7.81 (negative FCF - burning cash) (Net Debt 737.2m / FCF TTM -94.4m)
Total Stockholder Equity = 397.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.29% (Net Income 4.62m / Total Assets 1.85b)
RoE = 1.16% (Net Income TTM 4.62m / Total Stockholder Equity 397.6m)
RoCE = 8.78% (EBIT 85.7m / Capital Employed (Equity 397.6m + L.T.Debt 578.1m))
RoIC = 4.86% (NOPAT 72.6m / Invested Capital 1.49b)
WACC = 14.65% (E(14.5b)/V(15.3b) * Re(15.16%) + D(831.0m)/V(15.3b) * Rd(6.82%) * (1-Tc(0.15)))
Discount Rate = 15.16% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 67.08 | Cagr: 31.88%
[DCF] Fair Price = unknown (Cash Flow -94.4m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: N/A | # QB: 0
EPS next Quarter (2026-09-30): EPS=0.26 | Chg30d=+25.51% | Revisions=+33% | Analysts=4
EPS current Year (2026-06-30): EPS=0.66 | Chg30d=+4.65% | Revisions=+69% | GrowthEPS=+0.0% | GrowthRev=+84.3%
EPS next Year (2027-06-30): EPS=1.18 | Chg30d=+15.39% | Revisions=+69% | GrowthEPS=+78.6% | GrowthRev=+45.3%
[Analyst] Revisions Ratio: +69%