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Also traded in: Germany

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 : 5/10

vs
industry
vs
history
Cash-to-Debt 0.59
FET's Cash-to-Debt is ranked higher than
54% of the 225 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.51 vs. FET: 0.59 )
Ranked among companies with meaningful Cash-to-Debt only.
FET' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03  Med: 0.1 Max: 0.59
Current: 0.59
0.03
0.59
Equity-to-Asset 0.67
FET's Equity-to-Asset is ranked higher than
68% of the 229 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.50 vs. FET: 0.67 )
Ranked among companies with meaningful Equity-to-Asset only.
FET' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.41  Med: 0.61 Max: 0.67
Current: 0.67
0.41
0.67
Piotroski F-Score: 4
Altman Z-Score: 2.83
Beneish M-Score: -2.84
WACC vs ROIC
14.35%
-5.15%
WACC
ROIC
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 : 4/10

vs
industry
vs
history
Operating Margin % -21.94
FET's Operating Margin % is ranked lower than
66% of the 232 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: -7.64 vs. FET: -21.94 )
Ranked among companies with meaningful Operating Margin % only.
FET' s Operating Margin % Range Over the Past 10 Years
Min: -21.94  Med: 11.78 Max: 17.02
Current: -21.94
-21.94
17.02
Net Margin % -13.95
FET's Net Margin % is ranked lower than
54% of the 232 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: -11.11 vs. FET: -13.95 )
Ranked among companies with meaningful Net Margin % only.
FET' s Net Margin % Range Over the Past 10 Years
Min: -13.95  Med: 5.74 Max: 10.7
Current: -13.95
-13.95
10.7
ROE % -6.71
FET's ROE % is ranked higher than
52% of the 224 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: -7.66 vs. FET: -6.71 )
Ranked among companies with meaningful ROE % only.
FET' s ROE % Range Over the Past 10 Years
Min: -9  Med: 7.97 Max: 16.71
Current: -6.71
-9
16.71
ROA % -4.49
FET's ROA % is ranked lower than
53% of the 234 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: -4.21 vs. FET: -4.49 )
Ranked among companies with meaningful ROA % only.
FET' s ROA % Range Over the Past 10 Years
Min: -5.82  Med: 4.64 Max: 8.65
Current: -4.49
-5.82
8.65
ROC (Joel Greenblatt) % -19.21
FET's ROC (Joel Greenblatt) % is ranked lower than
69% of the 232 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: -5.17 vs. FET: -19.21 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
FET' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.21  Med: 25.68 Max: 43.19
Current: -19.21
-19.21
43.19
3-Year Revenue Growth Rate -26.30
FET's 3-Year Revenue Growth Rate is ranked lower than
77% of the 216 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: -11.10 vs. FET: -26.30 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
FET' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: -9.8 Max: 5.4
Current: -26.3
0
5.4
» FET's 10-Y Financials

Financials (Next Earnings Date: 2017-05-10 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

FET Guru Trades in Q1 2016

Steven Cohen 568,800 sh (+355.04%)
Chuck Royce 313,719 sh (+53.09%)
T Boone Pickens 497,576 sh (+19.06%)
Barrow, Hanley, Mewhinney & Strauss Sold Out
» More
Q2 2016

FET Guru Trades in Q2 2016

Chuck Royce 313,719 sh (unchged)
Steven Cohen Sold Out
T Boone Pickens 487,743 sh (-1.98%)
» More
Q3 2016

FET Guru Trades in Q3 2016

Steven Cohen 447,800 sh (New)
Ron Baron 74,900 sh (New)
Pioneer Investments 201,074 sh (New)
Chuck Royce 313,719 sh (unchged)
T Boone Pickens 487,743 sh (unchged)
» More
Q4 2016

FET Guru Trades in Q4 2016

Paul Tudor Jones 78,899 sh (New)
Pioneer Investments 291,474 sh (+44.96%)
T Boone Pickens 487,743 sh (unchged)
Ron Baron 73,900 sh (-1.34%)
Steven Cohen 335,065 sh (-25.18%)
Chuck Royce 229,319 sh (-26.90%)
» 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%)

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Business Description

Industry: Oil & Gas - Services » Oil & Gas Equipment & Services    NAICS: 333999    SIC: 3533
Compare:NYSE:DNOW, AMEX:CJ, NYSE:MRC, OTCPK:AKRTF, NYSE:DRQ, NYSE:OIS, OTCPK:WYGPY, NYSE:FRAC, NYSE:SPN, AMEX:SRCI, NYSE:FMSA, NYSE:MDR, OTCPK:TGSGY, OTCPK:CIMEF, NYSE:PDS, NYSE:OII, NYSE:CKH, OTCPK:SECYF, OTCPK:PSYTF, NAS:APLP » details
Traded in other countries:1FE.Germany,
Forum Energy Technologies Inc is an oilfield products company serving the subsea, drilling, completion, production & process sectors of oil & natural gas industry. It designs, manufactures & distributes products & engages in aftermarket services.

Forum Energy Technologies designs, manufactures, and distributes products and engages in aftermarket services, parts supply, and related operations. Product offerings include drilling rig equipment for new rigs, upgrades, and refurbishment projects; subsea construction and development projects; pressure pumping equipment; and downstream capital projects. Through the drilling and subsea segment, Forum designs and manufactures a slate of different drilling equipment, as well as products and services for well and subsea construction and completion and intervention markets. The production and infrastructure portion of the business provides products and services that cater to well stimulation, production, and infrastructure markets.

Guru Investment Theses on Forum Energy Technologies Inc

Baron Energy and Resources Fund Comments on Forum Energy Technologies - Nov 21, 2016

Forum Energy Technologies (NYSE:FET) is a U.S.-based oilfield equipment manufacturing company that we think will benefit significantly from the pending upturn in drilling and well completion activity in the U.S. and Canada. It is our opinion that the long downturn in drilling and completion activity came to an end in the second quarter of this year and we expect to see rising levels of activity into year end and throughout 2017. Many of Forum’s products are critical consumable components that are used during the well completion and hydraulic fracturing process, and some of its capital equipment products are in high demand as customers seek to upgrade and refurbish equipment that has either been idled or cannibalized for parts. We believe that industry inventories of these products have been depleted in the past two years, which should lead to a quicker turnaround in Forum’s business than in other oilfield equipment and service business, which are still dealing with capacity and inventory overhangs. Not only are we interested in Forum because of the likelihood that its business is one of the first responders to an upturn in activity, but we have been impressed with the cost cutting and organizational restructuring management completed in the past two years to strengthen the company and improve its mid-cycle margins.



From Baron Energy and Resources third quarter 2016 commentary.



Check out Ron Baron latest stock trades

Top Ranked Articles about Forum Energy Technologies Inc

Baron Energy and Resources Fund Comments on Forum Energy Technologies Guru stock highlight
Forum Energy Technologies (NYSE:FET) is a U.S.-based oilfield equipment manufacturing company that we think will benefit significantly from the pending upturn in drilling and well completion activity in the U.S. and Canada. It is our opinion that the long downturn in drilling and completion activity came to an end in the second quarter of this year and we expect to see rising levels of activity into year end and throughout 2017. Many of Forum’s products are critical consumable components that are used during the well completion and hydraulic fracturing process, and some of its capital equipment products are in high demand as customers seek to upgrade and refurbish equipment that has either been idled or cannibalized for parts. We believe that industry inventories of these products have been depleted in the past two years, which should lead to a quicker turnaround in Forum’s business than in other oilfield equipment and service business, which are still dealing with capacity and inventory overhangs. Not only are we interested in Forum because of the likelihood that its business is one of the first responders to an upturn in activity, Read more...

Ratios

vs
industry
vs
history
PB Ratio 1.41
FET's PB Ratio is ranked lower than
57% of the 296 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.15 vs. FET: 1.41 )
Ranked among companies with meaningful PB Ratio only.
FET' s PB Ratio Range Over the Past 10 Years
Min: 0.61  Med: 1.68 Max: 2.32
Current: 1.41
0.61
2.32
PS Ratio 3.06
FET's PS Ratio is ranked lower than
77% of the 297 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.06 vs. FET: 3.06 )
Ranked among companies with meaningful PS Ratio only.
FET' s PS Ratio Range Over the Past 10 Years
Min: 0.73  Med: 1.62 Max: 3.63
Current: 3.06
0.73
3.63
Price-to-Free-Cash-Flow 36.58
FET's Price-to-Free-Cash-Flow is ranked lower than
81% of the 151 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 10.43 vs. FET: 36.58 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
FET' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 6.29  Med: 16.22 Max: 91.74
Current: 36.58
6.29
91.74
Price-to-Operating-Cash-Flow 27.06
FET's Price-to-Operating-Cash-Flow is ranked lower than
82% of the 218 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 7.23 vs. FET: 27.06 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
FET' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 4.99  Med: 11.86 Max: 32.96
Current: 27.06
4.99
32.96
Current Ratio 5.29
FET's Current Ratio is ranked higher than
87% of the 222 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.86 vs. FET: 5.29 )
Ranked among companies with meaningful Current Ratio only.
FET' s Current Ratio Range Over the Past 10 Years
Min: 2.28  Med: 3.01 Max: 5.29
Current: 5.29
2.28
5.29
Quick Ratio 2.90
FET's Quick Ratio is ranked higher than
79% of the 222 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.50 vs. FET: 2.90 )
Ranked among companies with meaningful Quick Ratio only.
FET' s Quick Ratio Range Over the Past 10 Years
Min: 1.15  Med: 1.44 Max: 2.9
Current: 2.9
1.15
2.9
Days Inventory 285.64
FET's Days Inventory is ranked lower than
91% of the 184 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 55.73 vs. FET: 285.64 )
Ranked among companies with meaningful Days Inventory only.
FET' s Days Inventory Range Over the Past 10 Years
Min: 117.22  Med: 144.53 Max: 285.64
Current: 285.64
117.22
285.64
Days Sales Outstanding 65.39
FET's Days Sales Outstanding is ranked higher than
58% of the 196 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 71.69 vs. FET: 65.39 )
Ranked among companies with meaningful Days Sales Outstanding only.
FET' s Days Sales Outstanding Range Over the Past 10 Years
Min: 47.12  Med: 59.49 Max: 73.99
Current: 65.39
47.12
73.99
Days Payable 55.19
FET's Days Payable is ranked higher than
58% of the 142 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 44.02 vs. FET: 55.19 )
Ranked among companies with meaningful Days Payable only.
FET' s Days Payable Range Over the Past 10 Years
Min: 34.58  Med: 38.74 Max: 55.19
Current: 55.19
34.58
55.19

Buy Back

vs
industry
vs
history
5-Year Yield-on-Cost % 3.70
FET's 5-Year Yield-on-Cost % is ranked lower than
59% of the 296 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 4.73 vs. FET: 3.70 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
FET' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0  Med: 0 Max: 0
Current: 3.7
3-Year Average Share Buyback Ratio -0.80
FET's 3-Year Average Share Buyback Ratio is ranked higher than
71% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: -4.20 vs. FET: -0.80 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
FET' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -18  Med: -2.4 Max: 0
Current: -0.8
-18
0

Valuation & Return

vs
industry
vs
history
Price-to-Net-Current-Asset-Value 11.80
FET's Price-to-Net-Current-Asset-Value is ranked lower than
77% of the 129 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 4.20 vs. FET: 11.80 )
Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
FET' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 11.01  Med: 18.9 Max: 47.6
Current: 11.8
11.01
47.6
Price-to-Tangible-Book 4.84
FET's Price-to-Tangible-Book is ranked lower than
82% of the 283 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.56 vs. FET: 4.84 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
FET' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.3  Med: 5.72 Max: 10.84
Current: 4.84
3.3
10.84
Price-to-Intrinsic-Value-Projected-FCF 0.89
FET's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
59% of the 152 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.97 vs. FET: 0.89 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
FET' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.59  Med: 0.8 Max: 1.01
Current: 0.89
0.59
1.01
Price-to-Median-PS-Value 1.85
FET's Price-to-Median-PS-Value is ranked lower than
84% of the 276 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.00 vs. FET: 1.85 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
FET' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.65  Med: 0.92 Max: 2.1
Current: 1.85
0.65
2.1
Earnings Yield (Greenblatt) % -5.46
FET's Earnings Yield (Greenblatt) % is ranked lower than
67% of the 294 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: -0.84 vs. FET: -5.46 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
FET' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -5.83  Med: 8.7 Max: 15
Current: -5.46
-5.83
15

More Statistics

Revenue (TTM) (Mil) $587.6
EPS (TTM) $ -0.89
Beta1.82
Short Percentage of Float35.85%
52-Week Range $12.26 - 26.25
Shares Outstanding (Mil)96.08

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 793 1,104 1,395
EPS ($) -0.27 0.85 1.60
EPS without NRI ($) -0.27 0.85 1.60
EPS Growth Rate
(Future 3Y To 5Y Estimate)
40.00%
Dividends per Share ($)
» More Articles for FET

Headlines

Articles On GuruFocus.com
Baron Energy and Resources Fund Comments on Forum Energy Technologies Nov 21 2016 
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 

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Edited Transcript of FET earnings conference call or presentation 10-Feb-17 3:00pm GMT Feb 10 2017
Forum Energy Technologies Inc Earnings Call scheduled for 10:00 am ET today Feb 10 2017
FORUM ENERGY TECHNOLOGIES, INC. Files SEC form 8-K, Results of Operations and Financial Condition Feb 10 2017
Forum Energy reports 4Q loss Feb 10 2017
Forum Energy reports 4Q loss Feb 10 2017
Forum Energy Technologies Announces Fourth Quarter and Full Year 2016 Results Feb 09 2017
Q4 2016 Forum Energy Technologies Inc Earnings Release - After Market Close Feb 09 2017
Forum Energy Technologies, Inc. – Value Analysis (NYSE:FET) : January 27, 2017 Jan 27 2017
Forum Energy Technologies, Inc. breached its 50 day moving average in a Bullish Manner : FET-US :... Jan 26 2017

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