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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 0.08
FET's Cash to Debt is ranked higher than
62% of the 447 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.37 vs. FET: 0.08 )
FET' s 10-Year Cash to Debt Range
Min: 0.02   Max: No Debt
Current: 0.08

Equity to Asset 0.64
FET's Equity to Asset is ranked higher than
86% of the 459 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
74% of the 276 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 11.83 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: 5
Z-Score: 4.00
M-Score: -2.48
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 (%) 13.74
FET's Operating margin (%) is ranked higher than
82% of the 455 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 10.33 vs. FET: 13.74 )
FET' s 10-Year Operating margin (%) Range
Min: 7.41   Max: 17.02
Current: 13.74

7.41
17.02
Net-margin (%) 8.50
FET's Net-margin (%) is ranked higher than
81% of the 455 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 6.20 vs. FET: 8.50 )
FET' s 10-Year Net-margin (%) Range
Min: 2.85   Max: 10.7
Current: 8.5

2.85
10.7
ROE (%) 9.74
FET's ROE (%) is ranked higher than
82% of the 457 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 7.78 vs. FET: 9.74 )
FET' s 10-Year ROE (%) Range
Min: 4.81   Max: 14.26
Current: 9.74

4.81
14.26
ROA (%) 5.97
FET's ROA (%) is ranked higher than
84% of the 460 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 4.17 vs. FET: 5.97 )
FET' s 10-Year ROA (%) Range
Min: 2.3   Max: 8
Current: 5.97

2.3
8
ROC (Joel Greenblatt) (%) 28.66
FET's ROC (Joel Greenblatt) (%) is ranked higher than
91% of the 458 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 12.08 vs. FET: 28.66 )
FET' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 16.98   Max: 38.45
Current: 28.66

16.98
38.45
» FET's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2013

FET Guru Trades in Q3 2013

Paul Tudor Jones 10,700 sh (New)
Ron Baron 1,628,342 sh (+0.13%)
Steven Cohen 30,000 sh (unchged)
Alan Fournier 1,412,772 sh (-6.69%)
» More
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

Steven Cohen 584,879 sh (New)
Joel Greenblatt 16,227 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)
Alan Fournier Sold Out
» 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 2014-06-30 Add 85.37%0.01%$29.53 - $36.33 $ 33.142%30080
Joel Greenblatt 2014-03-31 New Buy0.01%$24.66 - $30.8 $ 33.1422%16227
Ron Baron 2012-06-30 New Buy0.19%$19.13 - $23.29 $ 33.1456%1502399
Premium More recent guru trades are included for Premium 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

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 Inc.
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. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 22.30
FET's P/E(ttm) is ranked higher than
74% of the 488 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 22.40 vs. FET: 22.30 )
FET' s 10-Year P/E(ttm) Range
Min: 9.99   Max: 24.55
Current: 22.3

9.99
24.55
P/B 2.10
FET's P/B is ranked higher than
62% of the 488 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.70 vs. FET: 2.10 )
FET' s 10-Year P/B Range
Min: 1.59   Max: 2.35
Current: 2.1

1.59
2.35
P/S 1.95
FET's P/S is ranked lower than
54% of the 488 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.31 vs. FET: 1.95 )
FET' s 10-Year P/S Range
Min: 1.09   Max: 2.14
Current: 1.95

1.09
2.14
PFCF 18.20
FET's PFCF is ranked higher than
86% of the 488 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 9999.00 vs. FET: 18.20 )
FET' s 10-Year PFCF Range
Min: 14.01   Max: 98.63
Current: 18.2

14.01
98.63
EV-to-EBIT 14.52
FET's EV-to-EBIT is ranked higher than
84% of the 488 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 17.72 vs. FET: 14.52 )
FET' s 10-Year EV-to-EBIT Range
Min: 8.4   Max: 18
Current: 14.52

8.4
18
Current Ratio 3.53
FET's Current Ratio is ranked higher than
93% of the 377 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.73 vs. FET: 3.53 )
FET' s 10-Year Current Ratio Range
Min: 2.43   Max: 3.68
Current: 3.53

2.43
3.68
Quick Ratio 1.63
FET's Quick Ratio is ranked higher than
78% of the 377 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.48 vs. FET: 1.63 )
FET' s 10-Year Quick Ratio Range
Min: 1.13   Max: 1.95
Current: 1.63

1.13
1.95

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 9.70
FET's Price/Tangible Book is ranked lower than
62% of the 488 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 2.20 vs. FET: 9.70 )
FET' s 10-Year Price/Tangible Book Range
Min: 7.17   Max: 13.57
Current: 9.7

7.17
13.57
Price/Median PS Value 1.10
FET's Price/Median PS Value is ranked higher than
66% of the 488 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.00 vs. FET: 1.10 )
FET' s 10-Year Price/Median PS Value Range
Min: 0.63   Max: 1.23
Current: 1.1

0.63
1.23
Price/Graham Number 3.00
FET's Price/Graham Number is ranked higher than
62% of the 488 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 2.00 vs. FET: 3.00 )
FET' s 10-Year Price/Graham Number Range
Min: 1.9   Max: 3.56
Current: 3

1.9
3.56
Earnings Yield (Greenblatt) 6.90
FET's Earnings Yield (Greenblatt) is ranked higher than
72% of the 427 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 6.80 vs. FET: 6.90 )
FET' s 10-Year Earnings Yield (Greenblatt) Range
Min: 5.6   Max: 12
Current: 6.9

5.6
12

Business Description

Industry: Oil & Gas - Services » Oil & Gas Equipment & Services
Compare: » details
Traded in other countries:1FE.Germany
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
» More Articles for FET

Headlines

Articles On GuruFocus.com
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. Financials Aug 09 2014
FORUM ENERGY TECHNOLOGIES, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits Aug 01 2014
FORUM ENERGY TECHNOLOGIES, INC. Files SEC form 10-Q, Quarterly Report Aug 01 2014
FORUM ENERGY TECHNOLOGIES, INC. Files SEC form 8-K, Results of Operations and Financial Condition Jul 25 2014
Forum Energy Technologies Announces Second Quarter 2014 Results Jul 24 2014
Q2 2014 Forum Energy Technologies, Inc Earnings Release - After Market Close Jul 24 2014
James West, Managing Director at Barclays Capital, Interviews with The Wall Street Transcript: Oil... Jul 09 2014
FORUM ENERGY TECHNOLOGIES, INC. Files SEC form 8-K, Change in Directors or Principal Officers Jul 08 2014
Three Equipment Makers To Watch In Oil & Gas Jul 07 2014
Forum Energy Technologies Awarded Contract for Four Remotely Operated Vehicles from Marine Platforms... Jul 07 2014
Wall Street Transcript Interview with J. Mike Stice, the CEO of Access Midstream Partners, L.P.... Jul 03 2014
Forum Energy Technologies (FET) Hits New Lifetime High Today Jun 20 2014
New Lifetime High Today: Forum Energy Technologies (FET) Jun 09 2014
Industry Leaders Outperform Amid Newfound Market Strength Jun 05 2014
Forum Energy Technologies Announces Timing of Second Quarter 2014 Earnings Release and Conference... Jun 03 2014
FORUM ENERGY TECHNOLOGIES, INC. Files SEC form 8-K, Submission of Matters to a Vote of Security... May 20 2014
FORUM ENERGY TECHNOLOGIES, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits May 06 2014
Forum Energy Technologies Announces Pricing of Offering by Stockholders of 10,000,000 Shares of... Apr 30 2014
FORUM ENERGY TECHNOLOGIES, INC. Files SEC form 10-Q, Quarterly Report Apr 29 2014
Forum Energy Technologies Announces Public Offering by Stockholders of 10,000,000 Shares of Common... Apr 28 2014

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