NAS:FTNT (USA) Also trade in: Germany UK

Fortinet Inc

$ 87.55 0.19 (0.22%)
Volume: 868,571 Avg Vol (1m): 1,572,680
Market Cap $: 14.95 Bil Enterprise Value $: 13.15 Bil
P/E (TTM): 44.00 P/B: 14.47
Earnings Power Value 11.47
Net Current Asset Value 0.95
Tangible Book 5.73
Projected FCF 33.48
Median P/S Value 66.34
Graham Number 16.01
Peter Lynch Value 49.75
DCF (FCF Based) 98.8
DCF (Earnings Based) 45.55
1Y (-%)

Financial Strength : 8.8/10

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.
Current vs industry vs history
Cash-to-Debt No Debt
N/A
Equity-to-Asset 0.33
Equity-to-Asset range over the past 10 years
Min: -0.04, Med: 0.42, Max: 0.53
Current: 0.33
-0.04
0.53
Interest Coverage No Debt
N/A
Piotroski F-Score 8
0
1
2
3
4
5
6
7
8
9
Altman Z-Score 5.37
DISTRESS
GREY
SAFE
Beneish M-Score -2.70
Not Manipulator
Manipulator
WACC vs ROIC %
ROIC 0%
WACC 10.17%

Profitability & Growth : 9/10

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.
Current vs industry vs history
Operating Margin % 13.29
Operating Margin range over the past 10 years
Min: 2.23, Med: 10.89, Max: 20.5
Current: 13.29
2.23
20.5
Net Margin % 18.64
Net Margin range over the past 10 years
Min: 0.79, Med: 9.86, Max: 23.87
Current: 18.64
0.79
23.87
ROE % 39.40
ROE range over the past 10 years
Min: 1.12, Med: 11.73, Max: 87.71
Current: 39.4
1.12
87.71
ROA % 12.46
ROA range over the past 10 years
Min: 0.5, Med: 5.98, Max: 20.53
Current: 12.46
0.5
20.53
ROC (Joel Greenblatt) % 95.12
ROC (Joel Greenblatt) range over the past 10 years
Min: 29.97, Med: 177.81, Max: 1183.65
Current: 95.12
29.97
1183.65
3-Year Total Revenue Growth Rate 21.30
3-Year Revenue Growth Rate range over the past 10 years
Min: -12.7, Med: 20.8, Max: 25.5
Current: 21.7
-12.7
25.5
3-Year Total EBITDA Growth Rate 74.40
3-Year EBITDA Growth Rate range over the past 10 years
Min: 0, Med: 10.2, Max: 75
Current: 75
0
75
3-Year EPS w/o NRI Growth Rate 236.80
3-Year EPS w/o NRI Growth Rate range over the past 10 years
Min: 0, Med: 0, Max: 236.8
Current: 236.8
0
236.8

» FTNT's 30-Y Financials

Financials (Next Earnings Date: 2019-08-01)

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Business Description

Industry Application Software » Application Software    NAICS : 561621    SIC : 7382
Compare NAS:AKAM NYSE:PAYC NAS:SYMC NYSE:DATA TSX:OTEX LSE:SGE NAS:PTC NAS:TTD SZSE:002230 TSE:4684 NYSE:ZEN SHSE:600588 NYSE:RNG TSE:4716 SHSE:603160 NAS:ANSS NYSE:TWLO LSE:MCRO NAS:STNE NAS:DOCU
Traded in other countries FO8.Germany 0IR9.UK
Address 899 Kifer Road, Sunnyvale, CA, USA, 94086
Fortinet develops and sells a broad security portfolio of products with an emphasis on enterprise firewall and unified threat management appliances. The company reports revenue in two categories: Product and services. Product contributed to 47% of revenue in fiscal 2015, with services contributing the remaining 53%. The company was founded in 2000, taken public in November 2009, and has been consistently profitable.

Ratios

Current vs industry vs history
PE Ratio (TTM) 44.00
PE Ratio range over the past 10 years
Min: 16.56, Med: 79.88, Max: 1231
Current: 44
16.56
1231
Forward PE Ratio 41.15
N/A
PE Ratio without NRI 44.00
PE without NRI range over the past 10 years
Min: 16.56, Med: 79.88, Max: 1231
Current: 44
16.56
1231
Price-to-Owner-Earnings 39.89
Price-to-Owner-Earnings range over the past 10 years
Min: 18.36, Med: 34.96, Max: 64.3
Current: 39.89
18.36
64.3
PB Ratio 14.47
PB Ratio range over the past 10 years
Min: 4.66, Med: 7.8, Max: 18.14
Current: 14.47
4.66
18.14
PS Ratio 8.18
PS Ratio range over the past 10 years
Min: 2.8, Med: 6.19, Max: 12.13
Current: 8.18
2.8
12.13
Price-to-Free-Cash-Flow 23.61
Price-to-Free-Cash-Flow range over the past 10 years
Min: 12.11, Med: 23.72, Max: 39.24
Current: 23.61
12.11
39.24
Price-to-Operating-Cash-Flow 21.86
Price-to-Operating-Cash-Flow range over the past 10 years
Min: 10.81, Med: 20.88, Max: 34.53
Current: 21.86
10.81
34.53
EV-to-EBIT 52.79
EV-to-EBIT range over the past 10 years
Min: 25.2, Med: 51.7, Max: 439.1
Current: 52.79
25.2
439.1
EV-to-EBITDA 42.77
EV-to-EBITDA range over the past 10 years
Min: 22.3, Med: 41.1, Max: 128.2
Current: 42.77
22.3
128.2
EV-to-Revenue 7.01
EV-to-Revenue range over the past 10 years
Min: 3.2, Med: 5.4, Max: 11.4
Current: 7.01
3.2
11.4
PEG Ratio 1.63
PEG Ratio range over the past 10 years
Min: 1.06, Med: 9.08, Max: 271.62
Current: 1.63
1.06
271.62
Shiller PE Ratio 179.67
Shiller PE Ratio range over the past 10 years
Min: 147.92, Med: 189.05, Max: 288.34
Current: 179.67
147.92
288.34
Current Ratio 1.84
Current Ratio range over the past 10 years
Min: 1.11, Med: 1.86, Max: 2.14
Current: 1.84
1.11
2.14
Quick Ratio 1.77
Quick Ratio range over the past 10 years
Min: 0.99, Med: 1.76, Max: 2
Current: 1.77
0.99
2
Days Inventory 65.36
Days Inventory range over the past 10 years
Min: 46.19, Med: 69.12, Max: 103.06
Current: 65.36
46.19
103.06
Days Sales Outstanding 74.18
Days Sales Outstanding range over the past 10 years
Min: 73.63, Med: 83.17, Max: 93.87
Current: 74.18
73.63
93.87
Days Payable 54.18
Days Payable range over the past 10 years
Min: 51.54, Med: 64.92, Max: 78.92
Current: 54.18
51.54
78.92

Dividend & Buy Back

Current vs industry vs history
3-Year Share Buyback Rate 0.20
3-Year Share Buyback Rate range over the past 10 years
Min: -42.7, Med: -2.4, Max: 0.2
Current: 0.2
-42.7
0.2

Valuation & Return

Current vs industry vs history
Price-to-Tangible-Book 15.28
Price-to-Tangible-Book range over the past 10 years
Min: 5.1, Med: 8.1, Max: 18.54
Current: 15.28
5.1
18.54
Price-to-Projected-FCF 2.61
Price-to-Intrinsic-Value-Projected-FCF range over the past 10 years
Min: 1.57, Med: 2.16, Max: 3.22
Current: 2.61
1.57
3.22
Price-to-DCF (Earnings Based) 1.92
N/A
Price-to-Median-PS-Value 1.32
Price-to-Median-PS-Value range over the past 10 years
Min: 0.51, Med: 1, Max: 1.91
Current: 1.32
0.51
1.91
Price-to-Peter-Lynch-Fair-Value 1.76
Price-to-Peter-Lynch-Fair-Value range over the past 10 years
Min: 1.49, Med: 6.68, Max: 34.26
Current: 1.76
1.49
34.26
Price-to-Graham-Number 5.47
Price-to-Graham-Number range over the past 10 years
Min: 2.29, Med: 5.73, Max: 21.22
Current: 5.47
2.29
21.22
Earnings Yield (Joel Greenblatt) % 1.92
Earnings Yield (Greenblatt) range over the past 10 years
Min: 0.2, Med: 1.9, Max: 4
Current: 1.92
0.2
4
Forward Rate of Return (Yacktman) % 22.42
Forward Rate of Return range over the past 10 years
Min: -11.9, Med: 7.75, Max: 24.5
Current: 22.42
-11.9
24.5

More Statistics

Revenue (TTM) (Mil) $ 1,874.8
EPS (TTM) $ 1.99
Beta 1.34
Volatility % 49.99
52-Week Range $ 62.27 - 96.96
Shares Outstanding (Mil) 169.8

Analyst Estimate

Piotroski F-Score Details

Piotroski F-Score 8
Positive ROA Y
Positive CFROA Y
Higher ROA yoy Y
CFROA > ROA Y
Lower Leverage yoy Y
Higher Current Ratio yoy Y
Less Shares Outstanding yoy N
Higher Gross Margin yoy Y
Higher Asset Turnover yoy Y