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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 : 8/10

vs
industry
vs
history
Cash to Debt 0.18
FET's Cash to Debt is ranked lower than
71% of the 265 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.50 vs. FET: 0.18 )
Ranked among companies with meaningful Cash to Debt only.
FET' s 10-Year Cash to Debt Range
Min: 0.02  Med: 0.10 Max: N/A
Current: 0.18
Equity to Asset 0.61
FET's Equity to Asset is ranked higher than
63% of the 267 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.51 vs. FET: 0.61 )
Ranked among companies with meaningful Equity to Asset only.
FET' s 10-Year Equity to Asset Range
Min: 0.4  Med: 0.61 Max: 0.66
Current: 0.61
0.4
0.66
Interest Coverage 8.98
FET's Interest Coverage is ranked lower than
56% of the 171 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 12.32 vs. FET: 8.98 )
Ranked among companies with meaningful Interest Coverage only.
FET' s 10-Year Interest Coverage Range
Min: 2.58  Med: 8.60 Max: 14.71
Current: 8.98
2.58
14.71
F-Score: 7
Z-Score: 2.76
M-Score: -2.80
WACC vs ROIC
14.61%
9.98%
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 : 7/10

vs
industry
vs
history
Operating margin (%) 14.66
FET's Operating margin (%) is ranked higher than
74% of the 275 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 5.94 vs. FET: 14.66 )
Ranked among companies with meaningful Operating margin (%) only.
FET' s 10-Year Operating margin (%) Range
Min: 7.41  Med: 13.99 Max: 17.02
Current: 14.66
7.41
17.02
Net-margin (%) 9.89
FET's Net-margin (%) is ranked higher than
75% of the 275 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 2.75 vs. FET: 9.89 )
Ranked among companies with meaningful Net-margin (%) only.
FET' s 10-Year Net-margin (%) Range
Min: 2.85  Med: 8.39 Max: 10.7
Current: 9.89
2.85
10.7
ROE (%) 11.77
FET's ROE (%) is ranked higher than
76% of the 270 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 3.46 vs. FET: 11.77 )
Ranked among companies with meaningful ROE (%) only.
FET' s 10-Year ROE (%) Range
Min: 5.54  Med: 12.79 Max: 16.71
Current: 11.77
5.54
16.71
ROA (%) 7.41
FET's ROA (%) is ranked higher than
81% of the 276 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.94 vs. FET: 7.41 )
Ranked among companies with meaningful ROA (%) only.
FET' s 10-Year ROA (%) Range
Min: 2.89  Med: 7.70 Max: 8.65
Current: 7.41
2.89
8.65
ROC (Joel Greenblatt) (%) 34.73
FET's ROC (Joel Greenblatt) (%) is ranked higher than
87% of the 274 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 6.77 vs. FET: 34.73 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
FET' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 29.95  Med: 42.05 Max: 43.33
Current: 34.73
29.95
43.33
Revenue Growth (3Y)(%) 3.00
FET's Revenue Growth (3Y)(%) is ranked lower than
62% of the 220 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 7.40 vs. FET: 3.00 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
FET' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0  Med: 3.00 Max: 5.4
Current: 3
0
5.4
EBITDA Growth (3Y)(%) 5.90
FET's EBITDA Growth (3Y)(%) is ranked lower than
56% of the 184 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 8.40 vs. FET: 5.90 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
FET' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0  Med: 5.90 Max: 16.7
Current: 5.9
0
16.7
EPS Growth (3Y)(%) 9.90
FET's EPS Growth (3Y)(%) is ranked higher than
57% of the 142 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 6.00 vs. FET: 9.90 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
FET' s 10-Year EPS Growth (3Y)(%) Range
Min: 0  Med: 9.90 Max: 46
Current: 9.9
0
46
» FET's 10-Y Financials

Financials


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

» Details

Guru Trades

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%)
Steven Cohen 542,000 sh (unchged)
Columbia Wanger 530,000 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 (-40.40%)
Steven Cohen 1,900 sh (-99.65%)
» More
Q4 2014

FET Guru Trades in Q4 2014

Joel Greenblatt 455,980 sh (+2443.25%)
Paul Tudor Jones 33,901 sh (+85.68%)
Steven Cohen Sold Out
Ron Baron 1,071,442 sh (-31.16%)
Jim Simons 50,400 sh (-45.63%)
» More
Q1 2015

FET Guru Trades in Q1 2015

Steven Cohen 847,300 sh (New)
George Soros 440,000 sh (New)
Jim Simons 291,500 sh (+478.37%)
Joel Greenblatt 484,807 sh (+6.32%)
Ron Baron 873,142 sh (-18.51%)
Paul Tudor Jones 10,705 sh (-68.42%)
» 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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Guru Investment Theses on Forum Energy Technologies Inc

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

Forum Energy Technologies, Inc. (NYSE: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) 8.95
FET's P/E(ttm) is ranked higher than
73% of the 169 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 13.30 vs. FET: 8.95 )
Ranked among companies with meaningful P/E(ttm) only.
FET' s 10-Year P/E(ttm) Range
Min: 7.97  Med: 16.99 Max: 24.55
Current: 8.95
7.97
24.55
Forward P/E 11.00
FET's Forward P/E is ranked higher than
71% of the 133 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 14.93 vs. FET: 11.00 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 8.00
FET's PE(NRI) is ranked higher than
74% of the 171 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 13.00 vs. FET: 8.00 )
Ranked among companies with meaningful PE(NRI) only.
FET' s 10-Year PE(NRI) Range
Min: 7.97  Med: 16.96 Max: 24.51
Current: 8
7.97
24.51
P/B 1.01
FET's P/B is ranked lower than
52% of the 267 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.93 vs. FET: 1.01 )
Ranked among companies with meaningful P/B only.
FET' s 10-Year P/B Range
Min: 0.9  Med: 1.86 Max: 2.28
Current: 1.01
0.9
2.28
P/S 0.87
FET's P/S is ranked lower than
54% of the 267 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.74 vs. FET: 0.87 )
Ranked among companies with meaningful P/S only.
FET' s 10-Year P/S Range
Min: 0.78  Med: 1.62 Max: 2.14
Current: 0.87
0.78
2.14
PFCF 7.32
FET's PFCF is ranked higher than
58% of the 115 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 12.10 vs. FET: 7.32 )
Ranked among companies with meaningful PFCF only.
FET' s 10-Year PFCF Range
Min: 6.51  Med: 17.48 Max: 98.63
Current: 7.32
6.51
98.63
POCF 5.77
FET's POCF is ranked higher than
50% of the 202 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 5.73 vs. FET: 5.77 )
Ranked among companies with meaningful POCF only.
FET' s 10-Year POCF Range
Min: 5.16  Med: 12.70 Max: 28.18
Current: 5.77
5.16
28.18
EV-to-EBIT 6.91
FET's EV-to-EBIT is ranked higher than
77% of the 195 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 10.88 vs. FET: 6.91 )
Ranked among companies with meaningful EV-to-EBIT only.
FET' s 10-Year EV-to-EBIT Range
Min: 6.7  Med: 12.35 Max: 18
Current: 6.91
6.7
18
Current Ratio 3.18
FET's Current Ratio is ranked higher than
79% of the 269 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.82 vs. FET: 3.18 )
Ranked among companies with meaningful Current Ratio only.
FET' s 10-Year Current Ratio Range
Min: 2.43  Med: 2.86 Max: 3.68
Current: 3.18
2.43
3.68
Quick Ratio 1.40
FET's Quick Ratio is ranked lower than
56% of the 269 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.51 vs. FET: 1.40 )
Ranked among companies with meaningful Quick Ratio only.
FET' s 10-Year Quick Ratio Range
Min: 1.13  Med: 1.33 Max: 1.95
Current: 1.4
1.13
1.95
Days Inventory 149.10
FET's Days Inventory is ranked lower than
82% of the 222 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 37.74 vs. FET: 149.10 )
Ranked among companies with meaningful Days Inventory only.
FET' s 10-Year Days Inventory Range
Min: 117.22  Med: 139.56 Max: 155.83
Current: 149.1
117.22
155.83
Days Sales Outstanding 55.58
FET's Days Sales Outstanding is ranked higher than
74% of the 238 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 69.68 vs. FET: 55.58 )
Ranked among companies with meaningful Days Sales Outstanding only.
FET' s 10-Year Days Sales Outstanding Range
Min: 57.32  Med: 59.49 Max: 73.99
Current: 55.58
57.32
73.99

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 25.00
FET's Price/Net Current Asset Value is ranked lower than
94% of the 108 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 3.36 vs. FET: 25.00 )
Ranked among companies with meaningful Price/Net Current Asset Value only.
FET' s 10-Year Price/Net Current Asset Value Range
Min: 14.83  Med: 30.54 Max: 123.92
Current: 25
14.83
123.92
Price/Tangible Book 4.13
FET's Price/Tangible Book is ranked lower than
86% of the 244 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.09 vs. FET: 4.13 )
Ranked among companies with meaningful Price/Tangible Book only.
FET' s 10-Year Price/Tangible Book Range
Min: 5.4  Med: 9.69 Max: 13.11
Current: 4.13
5.4
13.11
Price/Median PS Value 0.52
FET's Price/Median PS Value is ranked higher than
57% of the 251 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.58 vs. FET: 0.52 )
Ranked among companies with meaningful Price/Median PS Value only.
FET' s 10-Year Price/Median PS Value Range
Min: 0.67  Med: 1.07 Max: 1.32
Current: 0.52
0.67
1.32
Price/Graham Number 1.22
FET's Price/Graham Number is ranked lower than
64% of the 151 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.93 vs. FET: 1.22 )
Ranked among companies with meaningful Price/Graham Number only.
FET' s 10-Year Price/Graham Number Range
Min: 1.59  Med: 2.69 Max: 3.43
Current: 1.22
1.59
3.43
Earnings Yield (Greenblatt) (%) 14.46
FET's Earnings Yield (Greenblatt) (%) is ranked higher than
84% of the 273 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 5.60 vs. FET: 14.46 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
FET' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 5.6  Med: 8.10 Max: 15.18
Current: 14.46
5.6
15.18

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

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