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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 0.33
FET's Cash to Debt is ranked lower than
56% of the 240 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.44 vs. FET: 0.33 )
Ranked among companies with meaningful Cash to Debt only.
FET' s Cash to Debt Range Over the Past 10 Years
Min: 0.02  Med: 0.16 Max: N/A
Current: 0.33
Equity to Asset 0.67
FET's Equity to Asset is ranked higher than
69% of the 246 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.49 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: 0.4  Med: 0.62 Max: 0.67
Current: 0.67
0.4
0.67
F-Score: 4
Z-Score: 2.77
M-Score: -2.79
WACC vs ROIC
14.76%
-14.54%
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 : 5/10

vs
industry
vs
history
Operating margin (%) -45.98
FET's Operating margin (%) is ranked lower than
76% of the 248 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: -8.53 vs. FET: -45.98 )
Ranked among companies with meaningful Operating margin (%) only.
FET' s Operating margin (%) Range Over the Past 10 Years
Min: -45.98  Med: 13.74 Max: 17.02
Current: -45.98
-45.98
17.02
Net-margin (%) -36.62
FET's Net-margin (%) is ranked lower than
70% of the 248 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: -12.45 vs. FET: -36.62 )
Ranked among companies with meaningful Net-margin (%) only.
FET' s Net-margin (%) Range Over the Past 10 Years
Min: -36.62  Med: 8.27 Max: 10.7
Current: -36.62
-36.62
10.7
ROE (%) -18.49
FET's ROE (%) is ranked lower than
65% of the 237 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: -8.49 vs. FET: -18.49 )
Ranked among companies with meaningful ROE (%) only.
FET' s ROE (%) Range Over the Past 10 Years
Min: -18.49  Med: 10.4 Max: 16.71
Current: -18.49
-18.49
16.71
ROA (%) -12.36
FET's ROA (%) is ranked lower than
68% of the 250 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: -4.40 vs. FET: -12.36 )
Ranked among companies with meaningful ROA (%) only.
FET' s ROA (%) Range Over the Past 10 Years
Min: -12.36  Med: 6.38 Max: 8.65
Current: -12.36
-12.36
8.65
ROC (Joel Greenblatt) (%) -44.67
FET's ROC (Joel Greenblatt) (%) is ranked lower than
85% of the 247 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: -5.64 vs. FET: -44.67 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
FET' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -44.67  Med: 29.95 Max: 43.19
Current: -44.67
-44.67
43.19
Revenue Growth (3Y)(%) -9.80
FET's Revenue Growth (3Y)(%) is ranked lower than
63% of the 222 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: -4.70 vs. FET: -9.80 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
FET' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: -3.4 Max: 5.4
Current: -9.8
0
5.4
GuruFocus has detected 5 Warning Signs with Forum Energy Technologies Inc $FET.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» FET's 10-Y Financials

Financials (Next Earnings Date: 2017-02-10)


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

» Details

Guru Trades

Q4 2015

FET Guru Trades in Q4 2015

Barrow, Hanley, Mewhinney & Strauss 24,973 sh (New)
Chuck Royce 204,919 sh (+184.61%)
T Boone Pickens 417,930 sh (unchged)
Ron Baron Sold Out
Steven Cohen 125,000 sh (-26.47%)
» More
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

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

Insider Trades

Latest Guru Trades with FET

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Business Description

Industry: Oil & Gas - Services » Oil & Gas Equipment & Services    NAICS: 333999    SIC: 3533
Compare:NYSE:DRQ, NYSE:DNOW, NYSE:MRC, OTCPK:TGSGY, NYSE:OIS, NYSE:AMFW, OTCPK:WYGPY, OTCPK:SAWLF, NYSE:MDR, AMEX:SYRG, NYSE:PDS, NYSE:FMSA, NYSE:OII, NYSE:SPN, OTCPK:SECYF, NYSE:USAC, NYSE:CKH, OTCPK:FURGF, OTCPK:PSYTF, OTCPK:ENRFF » 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 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

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
P/B 1.77
FET's P/B is ranked lower than
71% of the 234 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.09 vs. FET: 1.77 )
Ranked among companies with meaningful P/B only.
FET' s P/B Range Over the Past 10 Years
Min: 0.61  Med: 1.7 Max: 2.32
Current: 1.77
0.61
2.32
P/S 3.28
FET's P/S is ranked lower than
76% of the 242 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.07 vs. FET: 3.28 )
Ranked among companies with meaningful P/S only.
FET' s P/S Range Over the Past 10 Years
Min: 0.73  Med: 1.6 Max: 3.35
Current: 3.28
0.73
3.35
PFCF 32.03
FET's PFCF is ranked lower than
87% of the 113 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 9.30 vs. FET: 32.03 )
Ranked among companies with meaningful PFCF only.
FET' s PFCF Range Over the Past 10 Years
Min: 6.29  Med: 16 Max: 91.74
Current: 32.03
6.29
91.74
POCF 25.18
FET's POCF is ranked lower than
91% of the 158 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 6.53 vs. FET: 25.18 )
Ranked among companies with meaningful POCF only.
FET' s POCF Range Over the Past 10 Years
Min: 4.99  Med: 11.8 Max: 27.56
Current: 25.18
4.99
27.56
Current Ratio 5.23
FET's Current Ratio is ranked higher than
88% of the 245 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.78 vs. FET: 5.23 )
Ranked among companies with meaningful Current Ratio only.
FET' s Current Ratio Range Over the Past 10 Years
Min: 2.43  Med: 3.18 Max: 5.23
Current: 5.23
2.43
5.23
Quick Ratio 2.42
FET's Quick Ratio is ranked higher than
76% of the 245 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.48 vs. FET: 2.42 )
Ranked among companies with meaningful Quick Ratio only.
FET' s Quick Ratio Range Over the Past 10 Years
Min: 1.13  Med: 1.54 Max: 2.42
Current: 2.42
1.13
2.42
Days Inventory 268.34
FET's Days Inventory is ranked lower than
90% of the 196 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 54.02 vs. FET: 268.34 )
Ranked among companies with meaningful Days Inventory only.
FET' s Days Inventory Range Over the Past 10 Years
Min: 117.22  Med: 139.56 Max: 268.34
Current: 268.34
117.22
268.34
Days Sales Outstanding 57.48
FET's Days Sales Outstanding is ranked higher than
68% of the 209 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 71.54 vs. FET: 57.48 )
Ranked among companies with meaningful Days Sales Outstanding only.
FET' s Days Sales Outstanding Range Over the Past 10 Years
Min: 47.12  Med: 59.06 Max: 73.99
Current: 57.48
47.12
73.99
Days Payable 38.89
FET's Days Payable is ranked lower than
58% of the 143 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 49.31 vs. FET: 38.89 )
Ranked among companies with meaningful Days Payable only.
FET' s Days Payable Range Over the Past 10 Years
Min: 34.58  Med: 37.96 Max: 46.55
Current: 38.89
34.58
46.55

Buy Back

vs
industry
vs
history
Yield on cost (5-Year) 3.70
FET's Yield on cost (5-Year) is ranked lower than
62% of the 303 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 4.73 vs. FET: 3.70 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
FET' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0  Med: 0 Max: 0
Current: 3.7
3-Year Average Share Buyback Ratio -2.40
FET's 3-Year Average Share Buyback Ratio is ranked higher than
50% of the 174 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: -2.40 vs. FET: -2.40 )
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: -6.2 Max: 0
Current: -2.4
-18
0

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 31.08
FET's Price/Net Current Asset Value is ranked lower than
93% of the 102 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 4.05 vs. FET: 31.08 )
Ranked among companies with meaningful Price/Net Current Asset Value only.
FET' s Price/Net Current Asset Value Range Over the Past 10 Years
Min: 10.44  Med: 24.64 Max: 123.92
Current: 31.08
10.44
123.92
Price/Tangible Book 7.21
FET's Price/Tangible Book is ranked lower than
90% of the 220 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.28 vs. FET: 7.21 )
Ranked among companies with meaningful Price/Tangible Book only.
FET' s Price/Tangible Book Range Over the Past 10 Years
Min: 2.95  Med: 7.27 Max: 13.59
Current: 7.21
2.95
13.59
Price/Projected FCF 1.07
FET's Price/Projected FCF is ranked lower than
56% of the 107 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.02 vs. FET: 1.07 )
Ranked among companies with meaningful Price/Projected FCF only.
FET' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.52  Med: 0.7 Max: 1.1
Current: 1.07
0.52
1.1
Price/Median PS Value 2.04
FET's Price/Median PS Value is ranked lower than
87% of the 210 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.01 vs. FET: 2.04 )
Ranked among companies with meaningful Price/Median PS Value only.
FET' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.54  Med: 1 Max: 2.1
Current: 2.04
0.54
2.1
Earnings Yield (Greenblatt) (%) -12.37
FET's Earnings Yield (Greenblatt) (%) is ranked lower than
66% of the 250 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: -2.60 vs. FET: -12.37 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
FET' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: -12.41  Med: 8.7 Max: 15
Current: -12.37
-12.41
15

More Statistics

Revenue (TTM) (Mil) $636.6
EPS (TTM) $ -2.58
Beta1.88
Short Percentage of Float27.75%
52-Week Range $8.47 - 24.70
Shares Outstanding (Mil)91.43

Analyst Estimate

Dec16 Dec17 Dec18 Dec19
Revenue (Mil $) 587 700 943 1,245
EPS ($) -0.78 -0.28 0.61 1.10
EPS w/o NRI ($) -0.78 -0.28 0.61 1.10
EPS Growth Rate
(3Y to 5Y Estimate)
22.90%
Dividends Per Share ($)
» 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 

More From Other Websites
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Forum Energy Technologies Announces Amendment to Revolving Credit Facility Dec 12 2016
FORUM ENERGY TECHNOLOGIES, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits Dec 08 2016
Forum Energy Technologies Announces Pricing of Public Offering of Common Stock Dec 05 2016
Forum Energy Technologies Announces Public Offering of Common Stock Dec 05 2016
Is Forum Energy Technologies Inc (FET) Worthy of Your Portfolio? Dec 05 2016
ETFs with exposure to Forum Energy Technologies, Inc. : November 30, 2016 Nov 30 2016
Forum Energy Technologies, Inc. breached its 50 day moving average in a Bearish Manner : FET-US :... Nov 29 2016
Baron Energy and Resources Fund Comments on Forum Energy Technologies Nov 21 2016
Baron Energy and Resources Fund 3rd Quarter Commentary Nov 21 2016
ETFs with exposure to Forum Energy Technologies, Inc. : November 16, 2016 Nov 16 2016
Forum Energy Technologies, Inc. :FET-US: Earnings Analysis: Q3, 2016 By the Numbers : November 15,... Nov 15 2016
Forum Energy Technologies, Inc. breached its 50 day moving average in a Bullish Manner : FET-US :... Nov 15 2016
FORUM ENERGY TECHNOLOGIES, INC. Financials Nov 09 2016
FORUM ENERGY TECHNOLOGIES, INC. Files SEC form 10-Q, Quarterly Report Nov 02 2016
Forum Energy Technologies, Inc. breached its 50 day moving average in a Bearish Manner : FET-US :... Oct 31 2016
Edited Transcript of FET earnings conference call or presentation 28-Oct-16 2:00pm GMT Oct 28 2016

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