(FET) Forum Energy Technologies - Overview
Stock: Drilling, Completions, Artificial, Lift, Downhole
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 49.1% |
| Relative Tail Risk | -4.57% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.94 |
| Alpha | 149.05 |
| Character TTM | |
|---|---|
| Beta | 1.473 |
| Beta Downside | 2.059 |
| Drawdowns 3y | |
|---|---|
| Max DD | 58.97% |
| CAGR/Max DD | 0.23 |
Description: FET Forum Energy Technologies December 31, 2025
Forum Energy Technologies (FET) designs, manufactures, and supplies a broad portfolio of equipment for oil, natural gas, industrial and renewable-energy markets, operating from its Houston headquarters and serving customers worldwide.
The company is organized into two segments: (1) Drilling & Completions, which provides drilling-rig hardware, subsea ROVs, coiled-tubing systems, hydraulic-fracturing pumps and related consumables; and (2) Artificial Lift & Downhole, which offers artificial-lift gear, downhole safety devices, casing and cementing tools, sand-control solutions, and industrial valves for well construction and production.
Key quantitative signals include FY 2023 revenue of roughly $1.2 billion, an EBIT margin hovering near 6 %, and a backlog that is roughly 30 % weighted toward offshore projects-making the firm sensitive to rig-count trends and offshore cap-ex cycles. The segment’s performance is closely tied to oil-price volatility (breakeven ≈ $55 /barrel) and to the broader shift toward higher-efficiency artificial-lift technologies as fields mature.
For a deeper, data-driven look at FET’s valuation dynamics, you might explore the analytics on ValueRay to see how these drivers translate into price expectations.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: -115.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 4.69 > 1.0 |
| NWC/Revenue: 31.59% < 20% (prev 31.56%; Δ 0.03% < -1%) |
| CFO/TA 0.11 > 3% & CFO 86.5m > Net Income -115.2m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 2.19 > 1.5 & < 3 |
| Outstanding Shares: last quarter (12.1m) vs 12m ago -1.78% < -2% |
| Gross Margin: 27.89% > 18% (prev 0.30%; Δ 2759 % > 0.5%) |
| Asset Turnover: 90.64% > 50% (prev 82.22%; Δ 8.42% > 0%) |
| Interest Coverage Ratio: -3.83 > 6 (EBITDA TTM -50.4m / Interest Expense TTM 20.5m) |
Altman Z'' -4.20
| A: 0.32 (Total Current Assets 459.3m - Total Current Liabilities 209.6m) / Total Assets 770.1m |
| B: -1.10 (Retained Earnings -846.5m / Total Assets 770.1m) |
| C: -0.09 (EBIT TTM -78.4m / Avg Total Assets 871.9m) |
| D: -2.04 (Book Value of Equity -964.4m / Total Liabilities 472.8m) |
| Altman-Z'' Score: -4.20 = D |
Beneish M -3.47
| DSRI: 0.92 (Receivables 163.3m/180.8m, Revenue 790.3m/800.6m) |
| GMI: 1.09 (GM 27.89% / 30.26%) |
| AQI: 0.72 (AQ_t 0.23 / AQ_t-1 0.32) |
| SGI: 0.99 (Revenue 790.3m / 800.6m) |
| TATA: -0.26 (NI -115.2m - CFO 86.5m) / TA 770.1m) |
| Beneish M-Score: -3.47 (Cap -4..+1) = AA |
What is the price of FET shares?
Over the past week, the price has changed by +6.06%, over one month by +22.90%, over three months by +66.95% and over the past year by +175.11%.
Is FET a buy, sell or hold?
What are the forecasts/targets for the FET price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 49 | 2.1% |
| Analysts Target Price | 49 | 2.1% |
| ValueRay Target Price | 51.9 | 8.2% |
FET Fundamental Data Overview February 07, 2026
P/S = 0.7227
P/B = 1.742
P/EG = -1.07
Revenue TTM = 790.3m USD
EBIT TTM = -78.4m USD
EBITDA TTM = -50.4m USD
Long Term Debt = 138.5m USD (from longTermDebt, last quarter)
Short Term Debt = 1.44m USD (from shortTermDebt, last quarter)
Debt = 225.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 193.5m USD (from netDebt column, last quarter)
Enterprise Value = 764.6m USD (571.1m + Debt 225.2m - CCE 31.7m)
Interest Coverage Ratio = -3.83 (Ebit TTM -78.4m / Interest Expense TTM 20.5m)
EV/FCF = 9.44x (Enterprise Value 764.6m / FCF TTM 81.0m)
FCF Yield = 10.60% (FCF TTM 81.0m / Enterprise Value 764.6m)
FCF Margin = 10.25% (FCF TTM 81.0m / Revenue TTM 790.3m)
Net Margin = -14.58% (Net Income TTM -115.2m / Revenue TTM 790.3m)
Gross Margin = 27.89% ((Revenue TTM 790.3m - Cost of Revenue TTM 569.9m) / Revenue TTM)
Gross Margin QoQ = 20.50% (prev 29.71%)
Tobins Q-Ratio = 0.99 (Enterprise Value 764.6m / Total Assets 770.1m)
Interest Expense / Debt = 1.94% (Interest Expense 4.37m / Debt 225.2m)
Taxrate = 21.0% (US default 21%)
NOPAT = -61.9m (EBIT -78.4m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.19 (Total Current Assets 459.3m / Total Current Liabilities 209.6m)
Debt / Equity = 0.76 (Debt 225.2m / totalStockholderEquity, last quarter 297.3m)
Debt / EBITDA = -3.84 (negative EBITDA) (Net Debt 193.5m / EBITDA -50.4m)
Debt / FCF = 2.39 (Net Debt 193.5m / FCF TTM 81.0m)
Total Stockholder Equity = 317.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -13.22% (Net Income -115.2m / Total Assets 770.1m)
RoE = -36.25% (Net Income TTM -115.2m / Total Stockholder Equity 317.9m)
RoCE = -17.18% (EBIT -78.4m / Capital Employed (Equity 317.9m + L.T.Debt 138.5m))
RoIC = -12.83% (negative operating profit) (NOPAT -61.9m / Invested Capital 482.6m)
WACC = 8.57% (E(571.1m)/V(796.3m) * Re(11.34%) + D(225.2m)/V(796.3m) * Rd(1.94%) * (1-Tc(0.21)))
Discount Rate = 11.34% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 8.96%
[DCF Debug] Terminal Value 75.40% ; FCFF base≈71.3m ; Y1≈68.6m ; Y5≈67.1m
Fair Price DCF = 77.11 (EV 1.07b - Net Debt 193.5m = Equity 877.3m / Shares 11.4m; r=8.57% [WACC]; 5y FCF grow -5.18% → 2.90% )
EPS Correlation: 75.33 | EPS CAGR: 25.09% | SUE: -0.33 | # QB: 0
Revenue Correlation: 80.03 | Revenue CAGR: 7.79% | SUE: 0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.32 | Chg30d=+0.000 | Revisions Net=+1 | Analysts=1
EPS next Year (2026-12-31): EPS=1.65 | Chg30d=+0.010 | Revisions Net=+1 | Growth EPS=+199.1% | Growth Revenue=+2.9%