I’ve been keeping an eye on Forum Energy Technologies Inc (NYSE:FET) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe FET has a lot to offer. Basically, it is a financially-healthy company with a a excellent growth outlook, not yet factored into the price. Below, I’ve touched on some key aspects you should know on a high level. For those interested in understanding where the figures come from and want to see the analysis, read the full report on Forum Energy Technologies here.
Excellent balance sheet and good value
FET’s shares are now trading at a price below its true value based on its PE ratio of 14.88x, compared to the industry and wider stock market ratio, which means it is relatively cheaper than its peers.
FET is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This indicates that FET has sufficient cash flows and proper cash management in place, which is a key determinant of the company’s health. With a debt-to-equity ratio of 33%, FET’s debt level is reasonable. This implies that FET has a healthy balance between taking advantage of low cost debt funding as well as sufficient financial flexibility without succumbing to the strict terms of debt.
For Forum Energy Technologies, I’ve compiled three important aspects you should further research:
- Historical Performance: What has FET’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
- Dividend Income vs Capital Gains: Does FET return gains to shareholders through reinvesting in itself and growing earnings, or redistribute a decent portion of earnings as dividends? Our historical dividend yield visualization quickly tells you what your can expect from FET as an investment.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of FET? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at email@example.com.