Forum Energy Technologies Stock Return On Equity
FET Stock | USD 18.24 0.22 1.22% |
Forum Energy Technologies fundamentals help investors to digest information that contributes to Forum Energy's financial success or failures. It also enables traders to predict the movement of Forum Stock. The fundamental analysis module provides a way to measure Forum Energy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Forum Energy stock.
Last Reported | Projected for Next Year | ||
Return On Equity | (0.05) | (0.05) |
Forum | Return On Equity |
Forum Energy Technologies Company Return On Equity Analysis
Forum Energy's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Forum Energy Return On Equity | -0.0596 |
Most of Forum Energy's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Forum Energy Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Forum Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Forum Energy is extremely important. It helps to project a fair market value of Forum Stock properly, considering its historical fundamentals such as Return On Equity. Since Forum Energy's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Forum Energy's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Forum Energy's interrelated accounts and indicators.
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For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Competition |
Forum Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, Forum Energy Technologies has a Return On Equity of -0.0596. This is 96.99% lower than that of the Energy Equipment & Services sector and 99.66% lower than that of the Energy industry. The return on equity for all United States stocks is 80.77% lower than that of the firm.
Forum Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Forum Energy's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Forum Energy could also be used in its relative valuation, which is a method of valuing Forum Energy by comparing valuation metrics of similar companies.Forum Energy is currently under evaluation in return on equity category among related companies.
Forum Energy ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Forum Energy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Forum Energy's managers, analysts, and investors.Environmental | Governance | Social |
Forum Fundamentals
Return On Equity | -0.0596 | ||||
Return On Asset | 0.0175 | ||||
Profit Margin | (0.03) % | ||||
Operating Margin | 0.04 % | ||||
Current Valuation | 522.92 M | ||||
Shares Outstanding | 12.28 M | ||||
Shares Owned By Insiders | 9.86 % | ||||
Shares Owned By Institutions | 65.37 % | ||||
Number Of Shares Shorted | 158.15 K | ||||
Price To Earning | 9.35 X | ||||
Price To Book | 0.58 X | ||||
Price To Sales | 0.32 X | ||||
Revenue | 738.86 M | ||||
Gross Profit | 188.53 M | ||||
EBITDA | 58.49 M | ||||
Net Income | (18.88 M) | ||||
Cash And Equivalents | 51 M | ||||
Cash Per Share | 3.45 X | ||||
Total Debt | 201.4 M | ||||
Debt To Equity | 0.91 % | ||||
Current Ratio | 2.43 X | ||||
Book Value Per Share | 36.33 X | ||||
Cash Flow From Operations | 7.87 M | ||||
Short Ratio | 5.16 X | ||||
Earnings Per Share | (2.36) X | ||||
Price To Earnings To Growth | (1.07) X | ||||
Target Price | 30.0 | ||||
Number Of Employees | 1.6 K | ||||
Beta | 2.58 | ||||
Market Capitalization | 224.05 M | ||||
Total Asset | 821.06 M | ||||
Retained Earnings | (699.47 M) | ||||
Working Capital | 325.26 M | ||||
Current Asset | 717.81 M | ||||
Current Liabilities | 151.55 M | ||||
Net Asset | 821.06 M |
About Forum Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Forum Energy Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Forum Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Forum Energy Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Forum Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Forum Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Forum Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Forum Stock
0.56 | VTOL | Bristow Group | PairCorr |
The ability to find closely correlated positions to Forum Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Forum Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Forum Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Forum Energy Technologies to buy it.
The correlation of Forum Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Forum Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Forum Energy Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Forum Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Forum Energy Piotroski F Score and Forum Energy Altman Z Score analysis. Note that the Forum Energy Technologies information on this page should be used as a complementary analysis to other Forum Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Forum Stock analysis
When running Forum Energy's price analysis, check to measure Forum Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Forum Energy is operating at the current time. Most of Forum Energy's value examination focuses on studying past and present price action to predict the probability of Forum Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forum Energy's price. Additionally, you may evaluate how the addition of Forum Energy to your portfolios can decrease your overall portfolio volatility.
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Is Forum Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Forum Energy. If investors know Forum will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Forum Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.58) | Earnings Share (2.36) | Revenue Per Share 70.194 | Quarterly Revenue Growth 0.071 | Return On Assets 0.0175 |
The market value of Forum Energy Technologies is measured differently than its book value, which is the value of Forum that is recorded on the company's balance sheet. Investors also form their own opinion of Forum Energy's value that differs from its market value or its book value, called intrinsic value, which is Forum Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Forum Energy's market value can be influenced by many factors that don't directly affect Forum Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Forum Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Forum Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forum Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.