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29.62 (1y: +37%)
Market Cap 2.67 B P/E(ttm) 19.40
Enterprise Value 3.04 B P/B 2.34
FET- NYSE (USA)
Forum Energy Technologies Inc
Not Rated
Top Ranked Predictable Companies
$29.62
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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

vs
industry		 vs
history
Cash to Debt 0.098
FET's Cash to Debt is ranked lower than
74% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.50 vs. FET: 0.098 )
FET' s 10-Year Cash to Debt Range
Min: 0.03   Max: 0.1
Current: 0.1
0.03
0.1
Equity to Asset 0.11
FET's Equity to Asset is ranked lower than
88% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.46 vs. FET: 0.11 )
FET' s 10-Year Equity to Asset Range
Min: -0.12   Max: 0.11
Current: 0.11
-0.12
0.11
Interest Coverage 14.7
FET's Interest Coverage is ranked lower than
54% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 27.90 vs. FET: 14.7 )
FET' s 10-Year Interest Coverage Range
Min: 3   Max: 15
Current: 14.7
3
15
Z-Score: 4.05
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

vs
industry		 vs
history
Operating margin (%) 17.00
FET's Operating margin (%) is ranked higher than
68% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 12.20 vs. FET: 17.00 )
FET' s 10-Year Operating margin (%) Range
Min: 7.4   Max: 17
Current: 17
7.4
17
Net-margin (%) 10.7
FET's Net-margin (%) is ranked higher than
63% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 7.70 vs. FET: 10.7 )
FET' s 10-Year Net-margin (%) Range
Min: 2.9   Max: 10.7
Current: 10.7
2.9
10.7
ROE (%) 13
FET's ROE (%) is ranked higher than
65% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 10.80 vs. FET: 13 )
FET' s 10-Year ROE (%) Range
Min: 4.8   Max: 14.3
Current: 13
4.8
14.3
ROA (%) 8
FET's ROA (%) is ranked higher than
71% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 5.20 vs. FET: 8 )
FET' s 10-Year ROA (%) Range
Min: 2.3   Max: 8
Current: 8
2.3
8
ROC (Joel Greenblatt) (%) 38.50
FET's ROC (Joel Greenblatt) (%) is ranked higher than
90% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 12.20 vs. FET: 38.50 )
FET' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 17   Max: 38.5
Current: 38.5
17
38.5
» FET's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

FET Guru Trades in Q2 2012

Ron Baron 1,502,399 sh (New)
Steven Cohen 1,339 sh (New)
Alan Fournier 930,000 sh (unchged)
» More
Q3 2012

FET Guru Trades in Q3 2012

Ron Baron 1,503,352 sh (+0.06%)
Alan Fournier 930,000 sh (unchged)
Steven Cohen 761 sh (-43.17%)
» More
Q4 2012

FET Guru Trades in Q4 2012

Alan Fournier 1,085,611 sh (+16.73%)
Ron Baron 1,604,315 sh (+6.72%)
Steven Cohen Sold Out
» More
Q1 2013

FET Guru Trades in Q1 2013

Alan Fournier 1,414,011 sh (+30.25%)
Ron Baron 1,604,791 sh (+0.03%)
» More
» Details

Insider Trades

Latest Guru Trades with FET

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2012-06-30 New Buy0.19%$19.13 - $23.29 $ 29.6240%1502399
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on Forum Energy Technologies Inc

Baron Funds Comments on Forum Energy Technologies - Aug 23, 2012

From Baron Funds' second quarter commentary:

Forum Energy Technologies, Inc. (FET) is a global oilfield products company that recently went public. It operates a diversified group of businesses focused on several secular growth sectors (subsea, non-traditional drilling) with emphasis on consumables and aftermarket products. We believe the management team is top notch, with significant experience in building and growing successful oilfield companies in the past.We think that the existing business can grow double digits organically, benefitting from positive trends in its niche markets and through international expansion of its product lines. Additionally, we expect the management to augment growth through strategic and accretive acquisitions. Forum is trading at an attractive valuation both absolutely and relative to its larger competitors since it is not yet well known.We believe it could ultimately trade at a premium.
Check out Ron Baron latest stock trades

Top Ranked Articles about Forum Energy Technologies Inc

Baron Funds Comments on Forum Energy Technologies
August 23, 2012
From Baron Funds' second quarter commentary: Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 19.40
FET's P/E(ttm) is ranked lower than
79% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 12.71 vs. FET: 19.40 )
FET' s 10-Year P/E(ttm) Range
Min: 13.82   Max: 22.33
Current: 19.4
13.82
22.33
P/B 2.34
FET's P/B is ranked lower than
62% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.39 vs. FET: 2.34 )
FET' s 10-Year P/B Range
Min: 1.66   Max: 2.37
Current: 2.34
1.66
2.37
P/S 1.92
FET's P/S is ranked lower than
58% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.21 vs. FET: 1.92 )
FET' s 10-Year P/S Range
Min: 1.49   Max: 2.62
Current: 1.92
1.49
2.62
PFCF 28.48
FET's PFCF is ranked lower than
64% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 17.75 vs. FET: 28.48 )
FET' s 10-Year PFCF Range
Min: 24.75   Max: 236.7
Current: 28.48
24.75
236.7
EV-to-EBIT 13.81
FET's EV-to-EBIT is ranked higher than
75% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 10.76 vs. FET: 13.81 )
FET' s 10-Year EV-to-EBIT Range
Min: 8.4   Max: 14.4
Current: 13.81
8.4
14.4

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 6.8
FET's Price/Net Current Asset Value is ranked lower than
74% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 6.60 vs. FET: 6.8 )
FET' s 10-Year Price/Net Current Asset Value Range
Min: 5.4   Max: 5.4
Current: 6.8
Price/Tangible Book 13
FET's Price/Tangible Book is ranked lower than
84% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.40 vs. FET: 13 )
FET' s 10-Year Price/Tangible Book Range
Min: 10.3   Max: 10.3
Current: 13
Price/Median PS Value 1
FET's Price/Median PS Value is ranked lower than
85% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.80 vs. FET: 1 )
FET' s 10-Year Price/Median PS Value Range
Min: 0.8   Max: 0.8
Current: 1
Price/Graham Number 3.3
FET's Price/Graham Number is ranked lower than
76% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.05 vs. FET: 3.3 )
FET' s 10-Year Price/Graham Number Range
Min: 2.6   Max: 2.6
Current: 3.3
Earnings Yield (Greenblatt) 7.20
FET's Earnings Yield (Greenblatt) is ranked lower than
68% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 9.65 vs. FET: 7.20 )
FET' s 10-Year Earnings Yield (Greenblatt) Range
Min: 7   Max: 11.9
Current: 7.2
7
11.9

Business Description

Forum Energy Technologies, Inc., is a Delaware corporation, is a global oilfield products company, serving the subsea, drilling, completion, production and process sectors of the oil and natural gas industry. It designs and manufactures products, and is also engaged in aftermarket services, parts supply and related services that complement its product offering. Its product offering and related services include a mix of highly engineered capital products and frequently replaced items that are consumed in the exploration and development of oil and natural gas reserves. Its capital products are directed at drilling rig new build, upgrade and refurbishment projects; subsea construction and development services; the placement of production equipment on a per well basis; and downstream capital projects. The Company's business consists of two segments: Drilling and Subsea; and Production and Infrastructure: Drilling and Subsea segment designs and manufactures products and provide related services to the drilling, well construction, completion, intervention and subsea construction and services markets. This segment include Subsea technologies, which designs and manufactures subsea capital equipment, specialty components and tooling, and applied products for subsea pipelines, and also provide a broad suite of complementary subsea technical services and rental items; Downhole technologies, which designs and manufactures downhole products that serve the well construction and production enhancement markets; and Drilling technologies, which provides both drilling consumables and capital equipment, including powered and manual tubular handling equipment, specialized torque equipment, customized offline crane systems, drilling data acquisition management systems, pumps, valves, manifolds, drilling fluid-end components, pressure control equipment for both coiled tubing and wireline well intervention operations and a broad line of items consumed in the drilling process. Production and Infrastructure segment designs and manufactures products and provide related equipment and services to the well stimulation, completion, production and infrastructure markets. This segment includes Flow equipment, which designs, manufactures and provides flow equipment to the well stimulation, testing and flowback markets; Production equipment, which designs, manufactures and provides engineered process systems and related field services from the wellhead to inside the refinery fence; and Valve solutions, which designs, manufactures and provides a range of industrial valves that principally serve the upstream, midstream and downstream markets of the oil and gas value chain. The Company's competitors are Schilling Robotics, Soil Machine Dynamics, Saab Seaeye, Ashtead Technology Rental; Seatronics Ltd, Fugro N.V., Weatherford International, Ltd, Halliburton Company, Frank's Casing Crews & Rentals, Inc, Varel International Energy Services Inc.; Ray Oil Tool; and Lasall
Company Website
SEC Reports
Industry: Oil & Gas Equipment & Services
Compare:
Traded in other countries:1FE.Germany
» More Articles for FET

Headlines

Articles On GuruFocus.com
Baron Funds Comments on Forum Energy Technologies Aug 23 2012 

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