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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry
vs
history
Cash to Debt 0.18
FET's Cash to Debt is ranked higher than
67% of the 453 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.34 vs. FET: 0.18 )
FET' s 10-Year Cash to Debt Range
Min: 0.02   Max: No Debt
Current: 0.18

Equity to Asset 0.64
FET's Equity to Asset is ranked higher than
84% of the 469 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.49 vs. FET: 0.64 )
FET' s 10-Year Equity to Asset Range
Min: 0.4   Max: 0.66
Current: 0.64

0.4
0.66
Interest Coverage 11.41
FET's Interest Coverage is ranked higher than
73% of the 303 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 11.39 vs. FET: 11.41 )
FET' s 10-Year Interest Coverage Range
Min: 2.58   Max: 14.71
Current: 11.41

2.58
14.71
F-Score: 7
Z-Score: 3.26
M-Score: -2.39
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 15.37
FET's Operating margin (%) is ranked higher than
85% of the 480 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 9.81 vs. FET: 15.37 )
FET' s 10-Year Operating margin (%) Range
Min: 7.41   Max: 17.02
Current: 15.37

7.41
17.02
Net-margin (%) 9.61
FET's Net-margin (%) is ranked higher than
84% of the 480 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 5.24 vs. FET: 9.61 )
FET' s 10-Year Net-margin (%) Range
Min: 2.85   Max: 10.7
Current: 9.61

2.85
10.7
ROE (%) 11.80
FET's ROE (%) is ranked higher than
86% of the 479 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 8.21 vs. FET: 11.80 )
FET' s 10-Year ROE (%) Range
Min: 5.54   Max: 16.71
Current: 11.8

5.54
16.71
ROA (%) 7.35
FET's ROA (%) is ranked higher than
87% of the 484 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 3.73 vs. FET: 7.35 )
FET' s 10-Year ROA (%) Range
Min: 2.89   Max: 8.65
Current: 7.35

2.89
8.65
ROC (Joel Greenblatt) (%) 35.18
FET's ROC (Joel Greenblatt) (%) is ranked higher than
93% of the 482 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 11.68 vs. FET: 35.18 )
FET' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 30.87   Max: 50.77
Current: 35.18

30.87
50.77
» FET's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

FET Guru Trades in Q4 2013

Columbia Wanger 530,000 sh (New)
Ron Baron 1,535,042 sh (-5.73%)
Alan Fournier 1,185,872 sh (-16.06%)
Paul Tudor Jones 8,102 sh (-24.28%)
» More
Q1 2014

FET Guru Trades in Q1 2014

Joel Greenblatt 16,227 sh (New)
Steven Cohen 584,879 sh (New)
Ron Baron 1,545,142 sh (+0.66%)
Columbia Wanger 530,000 sh (unchged)
Paul Tudor Jones Sold Out
Alan Fournier 1,100,872 sh (-7.17%)
» More
Q2 2014

FET Guru Trades in Q2 2014

Paul Tudor Jones 8,189 sh (New)
Joel Greenblatt 30,080 sh (+85.37%)
Ron Baron 1,547,042 sh (+0.12%)
Columbia Wanger 530,000 sh (unchged)
Steven Cohen 542,000 sh (unchged)
Alan Fournier Sold Out
» More
Q3 2014

FET Guru Trades in Q3 2014

Jim Simons 92,700 sh (New)
Paul Tudor Jones 18,258 sh (+122.96%)
Ron Baron 1,556,442 sh (+0.61%)
Columbia Wanger Sold Out
Joel Greenblatt 17,929 sh (-40.4%)
Steven Cohen 1,900 sh (-99.65%)
» More
» Details

Insider Trades

Latest Guru Trades with FET

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2014-09-30 Reduce -40.4%0.01%$31.41 - $36.72 $ 21.27-37%17929
Joel Greenblatt 2014-06-30 Add 85.37%0.01%$29.53 - $36.33 $ 21.27-35%30080
Joel Greenblatt 2014-03-31 New Buy0.01%$24.66 - $30.8 $ 21.27-22%16227
Ron Baron 2012-06-30 New Buy0.19%$19.13 - $23.29 $ 21.270%1502399
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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Guru Investment Theses on Forum Energy Technologies Inc

Baron Funds Comments on Forum Energy Technologies Inc. - Dec 10, 2013

Forum Energy Technologies, Inc. (FET) is an oilfield service and equipment manufacturer. The company has had mixed results this year. It has been successful in acquiring several key businesses that will further its long-term growth and competitive position; however, due to the weakness in U.S. drilling and completion markets, its earnings have failed to meet expectations. The company has taken positive steps to lower costs and its earnings outlook has stabilized.

From Ron Baron's Baron Funds third quarter 2013 commentary.


Check out latest stock trades

Ratios

vs
industry
vs
history
P/E(ttm) 12.20
FET's P/E(ttm) is ranked higher than
87% of the 513 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 18.00 vs. FET: 12.20 )
FET' s 10-Year P/E(ttm) Range
Min: 9.99   Max: 24.55
Current: 12.2

9.99
24.55
P/B 1.27
FET's P/B is ranked higher than
78% of the 513 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.10 vs. FET: 1.27 )
FET' s 10-Year P/B Range
Min: 1.1   Max: 2.28
Current: 1.27

1.1
2.28
P/S 1.16
FET's P/S is ranked higher than
76% of the 513 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.87 vs. FET: 1.16 )
FET' s 10-Year P/S Range
Min: 1   Max: 2.14
Current: 1.16

1
2.14
PFCF 11.51
FET's PFCF is ranked higher than
93% of the 513 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 9999.00 vs. FET: 11.51 )
FET' s 10-Year PFCF Range
Min: 9.96   Max: 98.63
Current: 11.51

9.96
98.63
EV-to-EBIT 8.78
FET's EV-to-EBIT is ranked higher than
91% of the 513 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 12.67 vs. FET: 8.78 )
FET' s 10-Year EV-to-EBIT Range
Min: 7.9   Max: 18
Current: 8.78

7.9
18
PEG 1.08
FET's PEG is ranked higher than
91% of the 513 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 9999.00 vs. FET: 1.08 )
FET' s 10-Year PEG Range
Min: 0   Max: 9961.5
Current: 1.08

0
9961.5
Current Ratio 3.21
FET's Current Ratio is ranked higher than
91% of the 477 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.77 vs. FET: 3.21 )
FET' s 10-Year Current Ratio Range
Min: 2.43   Max: 3.68
Current: 3.21

2.43
3.68
Quick Ratio 1.65
FET's Quick Ratio is ranked higher than
79% of the 477 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.50 vs. FET: 1.65 )
FET' s 10-Year Quick Ratio Range
Min: 1.13   Max: 1.95
Current: 1.65

1.13
1.95

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 4.95
FET's Price/Tangible Book is ranked higher than
66% of the 513 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.48 vs. FET: 4.95 )
FET' s 10-Year Price/Tangible Book Range
Min: 7.17   Max: 13.11
Current: 4.95

7.17
13.11
Price/Median PS Value 0.68
FET's Price/Median PS Value is ranked higher than
82% of the 513 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.64 vs. FET: 0.68 )
FET' s 10-Year Price/Median PS Value Range
Min: 0.63   Max: 1.25
Current: 0.68

0.63
1.25
Price/Graham Number 1.59
FET's Price/Graham Number is ranked higher than
78% of the 513 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.31 vs. FET: 1.59 )
FET' s 10-Year Price/Graham Number Range
Min: 1.9   Max: 3.43
Current: 1.59

1.9
3.43
Earnings Yield (Greenblatt) 11.40
FET's Earnings Yield (Greenblatt) is ranked higher than
91% of the 484 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 8.20 vs. FET: 11.40 )
FET' s 10-Year Earnings Yield (Greenblatt) Range
Min: 5.6   Max: 12.6
Current: 11.4

5.6
12.6

Business Description

Industry: Oil & Gas - Services » Oil & Gas Equipment & Services
Compare: » details
Traded in other countries:1FE.Germany,
Forum Energy Technologies Inc, a Delaware corporation incorporated in 2005. It's an oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry. It design, manufacture and distribute products and engage in aftermarket services, parts supply and related services that complement its product offering. The Company's product offering includes a mix of engineered capital products and frequently replaced items that are used in the exploration, development, production and transportation of oil and natural gas. Its capital products are targeted at: drilling rig equipment for new rigs, upgrades and refurbishment projects; subsea construction and development projects; the placement of production equipment on new producing wells; and downstream capital projects. Its engineered systems are critical components used on drilling rigs or in the course of subsea operations, while its consumable products are used to maintain efficient and safe operations at well sites in the well construction process, within the supporting infrastructure and at processing centers and refineries. The Company operates two business segments, Drilling & Subsea and Production & Infrastructure. In Drilling & Subsea segment, it design and manufacture products and provide related services to the subsea construction, drilling, well construction, completion and intervention markets. Through this segment, it offers subsea technologies, including robotic vehicles and other capital equipment, specialty components and tooling, a broad suite of complementary subsea technical services and rental items, and applied products for subsea pipelines; drilling technologies, including capital equipment and a broad line of products consumed in the drilling and well intervention process; and downhole technologies, including cementing and casing tools, completion products, and a range of downhole protection solutions. In Production & Infrastructure segment, the Company design and manufacture products and provide related equipment and services to the well stimulation, completion, production and infrastructure markets. Through this segment, it supply flow equipment, including well stimulation consumable products and related recertification and refurbishment services; production equipment, including well site production equipment and process equipment; and valve solutions, which includes various industrial and process valves. The Company's brands include Perry and Sub-Atlantic (ROVs); Blohm + Voss Oil Tools, P-Quip, Dynacon (LARS and winches); and Davis-Lynch, Cannon and Merrimac (downhole products). Its competitors include Cameron International Corporation, Exterran Holdings, Inc., FMC Technologies, Inc. and Weir SPM, a subsidiary of The Weir Group PLC. The Company is subject to a number of federal and state laws and regulations, including the federal Occupational Safety and Health Act and comparable state statu
» More Articles for FET

Headlines

Articles On GuruFocus.com
Restructured National Oilwell Is a Good Value Investment Aug 29 2014 
Baron Funds Comments on Forum Energy Technologies Inc. Dec 10 2013 
Weekly CFO Sells Highlight: PFPT, VRSK, FET, DSW, MGLN Jul 14 2013 
Baron Funds Comments on Forum Energy Technologies Aug 23 2012 

More From Other Websites
FORUM ENERGY TECHNOLOGIES, INC. Files SEC form 8-K, Change in Directors or Principal Officers,... Dec 18 2014
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FORUM ENERGY TECHNOLOGIES, INC. Financials Nov 06 2014
FORUM ENERGY TECHNOLOGIES, INC. Files SEC form 10-Q, Quarterly Report Oct 31 2014
FORUM ENERGY TECHNOLOGIES, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits Oct 28 2014
Forum Energy Technologies Announces $150 Million Share Repurchase Program Oct 27 2014
Forum Energy Technologies Inc Earnings Call scheduled for 10:00 am ET today Oct 24 2014
Q3 2014 Forum Energy Technologies Inc Earnings Release - Before Market Open Oct 24 2014
FORUM ENERGY TECHNOLOGIES, INC. Files SEC form 8-K, Results of Operations and Financial Condition Oct 24 2014
Forum Energy tops Street 3Q forecasts Oct 24 2014
Forum Energy tops Street 3Q forecasts Oct 24 2014
Forum Energy Technologies Announces Third Quarter 2014 Results Oct 23 2014
Forum Energy Technologies Announces Third Quarter 2014 Results Oct 23 2014
Forum Energy Tech (FET) Downgraded From Buy to Hold Oct 15 2014
Forum Energy Technologies Slumps: FET Tumbles 8.4% in Session Oct 14 2014
Forum Energy Technologies Announces Timing of Third Quarter 2014 Earnings Release and Conference... Sep 24 2014
Street Talk: DD, MON, AKS, HELE & FET Sep 18 2014
[video] Street Talk: DD, MON, AKS, HELE & FET Sep 18 2014
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