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Forum Energy Technologies Inc

Energy US FET

18.1USD
0.89(5.17%)

Last update at 2024-07-25T16:42:00Z

Day Range

17.3418.10
LowHigh

52 Week Range

19.3133.84
LowHigh

Fundamentals

  • Previous Close 17.21
  • Market Cap230.36M
  • Volume16340
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA55.89M
  • Revenue TTM744.32M
  • Revenue Per Share TTM81.78
  • Gross Profit TTM 188.53M
  • Diluted EPS TTM-2.44

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 10.30M -82.00000M -109.80000M -568.90000M -389.75400M
Minority interest - - - - 0.00000M
Net income 3.70M -82.70000M -96.90000M -567.10000M -374.08000M
Selling general administrative 179.50M 168.89M 197.68M 251.74M 286.98M
Selling and marketing expenses - - - - -
Gross profit 188.50M 123.30M -11.00000M 244.90M 256.37M
Reconciled depreciation 37.10M 42.18M 51.00M 63.24M 74.51M
Ebit 9.00M -45.60000M -231.60000M -0.90000M -30.46800M
Ebitda 46.10M -3.40000M -157.70000M 62.40M 44.04M
Depreciation and amortization 37.10M 42.20M 73.90M 63.30M 74.51M
Non operating income net other - -5.50700M 152.12M -1.10700M 39.78M
Operating income 9.00M -45.60000M -231.60000M -0.90000M -396.99800M
Other operating expenses 690.90M 586.70M 721.20M 963.30M 1094.83M
Interest expense 31.50M 32.00M 30.30M 31.60M 32.53M
Tax provision 6.60M 0.64M -12.90000M -1.81400M -15.67400M
Interest income 7.00M 32.23M 36.80M 36.64M 26.26M
Net interest income -31.50000M -32.00900M -30.30000M -31.61800M -32.53200M
Extraordinary items - - - - 15.60M
Non recurring - - 23.52M -533.49500M -366.96800M
Other items - - - - -
Income tax expense 6.60M 0.70M -12.90000M -1.80000M -15.67400M
Total revenue 699.90M 541.10M 512.50M 956.50M 1064.22M
Total operating expenses 179.50M 168.90M 197.70M 251.70M 286.98M
Cost of revenue 511.40M 417.80M 523.50M 711.60M 807.85M
Total other income expense net 1.30M -36.40000M 121.80M -568.00000M -326.61400M
Discontinued operations - - - - -
Net income from continuing ops 3.70M -82.65100M -96.88900M -567.05700M -374.08000M
Net income applicable to common shares 3.70M -82.70000M -96.88900M -567.05700M -374.08000M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 831.30M 791.30M 889.90M 1160.00M 1829.65M
Intangible assets 191.48M 217.41M 240.44M 272.30M 359.05M
Earning assets - - - - -
Other current assets 37.90M 34.20M 29.30M 39.20M 23.68M
Total liab 524.20M 462.20M 483.70M 674.00M 799.53M
Total stockholder equity 307.10M 329.10M 406.20M 486.00M 1030.13M
Deferred long term liab 1.17M 0.83M 1.95M 2.46M 15.30M
Other current liab 76.73M 58.44M 67.57M 86.69M 81.03M
Common stock 0.06M 0.06M 0.06M 1.19M 1.17M
Capital stock 0.06M 0.06M 0.06M 1.19M 1.17M
Retained earnings -680.59500M -684.30700M -601.65600M -503.36900M 63.69M
Other liab 13.68M 54.10M 65.40M 28.31M 45.05M
Good will 0.02M -0.00500M -0.04400M 272.30M 469.65M
Other assets 10.10M 7.80M 45.62M 18.26M 12.60M
Cash 51.00M 46.90M 128.60M 57.90M 47.24M
Cash and equivalents 51.00M 46.86M 128.62M 57.91M 47.24M
Total current liabilities 210.50M 175.70M 124.90M 196.90M 236.93M
Current deferred revenue 14.71M 16.98M 9.68M 10.79M 11.54M
Net debt 188.90M 186.40M 166.10M 341.70M 471.47M
Short term debt 0.80M 0.90M 1.30M 0.70M 1.17M
Short long term debt 0.80M 0.86M 1.30M 0.72M 1.17M
Short long term debt total 239.90M 233.30M 294.70M 399.60M 518.71M
Other stockholder equity 1115.12M 1114.37M 1108.18M 1097.12M 1080.49M
Property plant equipment 116.80M 119.40M 145.20M 203.52M 177.36M
Total current assets 512.90M 446.70M 490.20M 665.90M 766.02M
Long term investments - - - 0.00000M 44.98M
Net tangible assets 115.55M 111.70M 165.79M 213.74M 201.43M
Short term investments - - - - -
Net receivables 154.20M 123.90M 80.60M 154.20M 216.08M
Long term debt 239.10M 232.37M 293.40M 398.86M 517.54M
Inventory 269.80M 241.70M 251.70M 414.60M 479.02M
Accounts payable 118.26M 99.38M 46.35M 98.72M 143.19M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -127.48500M -101.02800M -100.38900M -108.93800M -115.23000M
Additional paid in capital - - - - -
Common stock total equity - 0.06M 0.06M 1.19M 1.17M
Preferred stock total equity - - - - -
Retained earnings total equity - -684.30700M -601.65600M -503.36900M 63.69M
Treasury stock - -135.56200M -134.49900M -134.49300M -134.43400M
Accumulated amortization - - - - -
Non currrent assets other 9.92M 7.80M 14.10M 18.30M 11.37M
Deferred long term asset charges - - - - -
Non current assets total 318.40M 344.60M 399.70M 494.10M 1063.63M
Capital lease obligations 64.63M 34.74M 44.54M 49.94M -
Long term debt total 239.10M 232.37M 293.37M 398.86M 517.54M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments 27.10M 10.78M 105.20M 28.14M -75.40700M
Change to liabilities 11.53M 36.33M -69.39900M -48.05600M -4.19200M
Total cashflows from investing activities 27.10M 10.70M 108.25M 28.14M -75.40700M
Net borrowings -1.25000M -73.20000M 3.38M -121.09700M 9.05M
Total cash from financing activities -5.00000M -76.20000M -41.80000M -122.20000M 6.52M
Change to operating activities 0.59M 11.30M 74.10M 0.62M -7.98000M
Net income 3.70M -82.70000M -96.90000M -567.10000M -374.08000M
Change in cash 4.17M -81.75900M 70.71M 10.70M -67.97500M
Begin period cash flow 46.86M 128.62M 57.91M 47.20M 115.22M
End period cash flow 51.03M 46.86M 128.62M 57.90M 47.24M
Total cash from operating activities -17.10000M -15.80000M 3.90M 104.10M 2.41M
Issuance of capital stock - - - 0.00000M 0.25M
Depreciation 37.10M 42.20M 51.00M 63.30M 74.51M
Other cashflows from investing activities 34.60M 10.80M 5.29M 43.24M 60.62M
Dividends paid - - - - -
Change to inventory -34.61100M 1.94M 51.62M 54.27M -60.90300M
Change to account receivables -34.80200M -44.95900M 65.54M 49.73M -4.83300M
Sale purchase of stock -3.80000M -1.40000M -0.20000M -1.10000M -2.77700M
Other cashflows from financing activities 556.60M -1.60000M 169.10M 137.00M 221.98M
Change to netincome 7.37M 13.40M -22.93800M 544.49M 377.29M
Capital expenditures 7.50M 2.40M 2.20M 15.10M 24.04M
Change receivables - -44.95900M 65.54M 49.73M -4.83300M
Cash flows other operating - -0.00800M 24.95M 7.53M -5.37800M
Exchange rate changes - - - - -
Cash and cash equivalents changes - -81.32000M 70.37M 10.09M -66.47800M
Change in working capital -53.60000M 11.30M 74.10M 75.60M -75.30600M
Stock based compensation 4.21M 7.59M 9.78M 15.85M 19.93M
Other non cash items -8.37500M 3.02M -33.93500M 529.44M 370.91M
Free cash flow -24.60000M -18.20000M 1.70M 89.00M -21.63600M

Peer Comparison

Sector: Energy Industry: Oil & Gas Equipment & Services

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
FET
Forum Energy Technologies Inc
0.89 5.17% 18.10 - - 0.30 0.53 0.51 7.65
SLB
Schlumberger NV
0.65 1.35% 48.68 18.64 14.51 2.34 3.87 2.64 11.32
BKR
Baker Hughes Co
0.74 2.13% 35.65 18.11 16.45 1.30 2.15 1.43 9.19
HAL
Halliburton Company
1.22 3.70% 34.21 12.44 10.36 1.42 3.54 1.72 8.38
TS
Tenaris SA ADR
0.61 1.98% 31.64 5.88 7.97 1.37 1.24 1.19 3.33

Reports Covered

Stock Research & News

Profile

Forum Energy Technologies, Inc. designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction markets, including applications in oil and natural gas, renewable energy, defense, and communications. This segment offers drilling technologies consisting of capital equipment and a line of products consumed in the drilling process; well construction casing and cementing equipment, and protection products for artificial lift equipment and cables; and subsea remotely operated vehicles and trenchers, submarine rescue vehicles, specialty components and tools, and complementary subsea technical services. The Completions segment offers hydraulic fracturing pumps, cooling systems, high-pressure flexible hoses, and flow iron for pressure pumping, hydraulic fracturing and flowback services markets; wireline cable and pressure control equipment for well completion and intervention service markets; and coiled tubing strings and coiled line pipe. The Production segment designs, manufactures, and supplies products, and provides related equipment and services for production and infrastructure markets. This segment offers engineered process systems, production equipment, specialty separation equipment, and various industrial valves for oil and natural gas customers, power generation, renewable energy, and other general industrial applications. The company was formerly known as Forum Oilfield Technologies, Inc. and changed its name to Forum Energy Technologies, Inc. in August 2010. The company was incorporated in 2005 and is headquartered in Houston, Texas.

Forum Energy Technologies Inc

10344 Sam Houston Park Drive, Houston, TX, United States, 77064

Key Executives

Name Title Year Born
Mr. C. Christopher Gaut Exec. Chairman 1956
Mr. Neal Lux Pres, CEO & Director 1976
Mr. David Lyle Williams Jr. Exec. VP & CFO 1970
Ms. Katherine T. Keller VP, Principal Accounting Officer & Corp. Controller 1983
Rob Kukla Director of Investor Relations NA
Mr. John C. Ivascu Exec. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec. 1978
Mr. Michael D. Danford Sr. VP & Chief HR Officer 1963
Mr. Tylar K. Schmitt VP of Fin. & Treasurer 1973

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