Financials FormFactor, Inc.

Equities

FORM

US3463751087

Semiconductor Equipment & Testing

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
44.75 USD +2.03% Intraday chart for FormFactor, Inc. +9.79% +7.29%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,983 3,318 3,564 1,712 3,247 3,473 - -
Enterprise Value (EV) 1 1,818 3,318 3,564 1,712 3,247 3,080 2,943 2,805
P/E ratio 51.4 x 43.3 x 43 x 34.2 x 39.7 x 69 x 35.9 x 36.1 x
Yield - - - - - - - -
Capitalization / Revenue 3.36 x 4.78 x 4.63 x 2.29 x 4.9 x 4.9 x 4.36 x 3.92 x
EV / Revenue 3.08 x 4.78 x 4.63 x 2.29 x 4.9 x 4.35 x 3.7 x 3.17 x
EV / EBITDA 15.3 x 21.3 x 19.9 x 12.1 x 35.5 x 25.9 x 16 x 15.1 x
EV / FCF 23.6 x - 48.9 x - - 39.5 x 21.6 x 20.3 x
FCF Yield 4.24% - 2.04% - - 2.53% 4.62% 4.92%
Price to Book 3.49 x 4.46 x 4.42 x 2.12 x - 3.61 x 3.16 x -
Nbr of stocks (in thousands) 75,700 77,388 78,207 77,025 77,842 77,598 - -
Reference price 2 26.20 42.88 45.57 22.23 41.71 44.75 44.75 44.75
Announcement Date 2/5/20 2/3/21 2/2/22 2/8/23 2/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 589.5 693.6 769.7 747.9 663.1 708.3 796.3 885
EBITDA 1 119.1 155.6 178.7 141.4 91.39 118.8 183.7 186
EBIT 1 101.9 134.9 152.9 112.8 60.78 90.14 143.6 145
Operating Margin 17.29% 19.45% 19.87% 15.08% 9.17% 12.73% 18.04% 16.38%
Earnings before Tax (EBT) 1 51.06 85.18 98.5 57.87 89.27 44.23 95.73 97
Net income 1 39.35 78.52 83.92 50.74 82.39 44.05 94.85 96
Net margin 6.67% 11.32% 10.9% 6.78% 12.42% 6.22% 11.91% 10.85%
EPS 2 0.5100 0.9900 1.060 0.6500 1.050 0.6488 1.245 1.240
Free Cash Flow 1 77.02 - 72.87 - - 78 136 138
FCF margin 13.07% - 9.47% - - 11.01% 17.08% 15.59%
FCF Conversion (EBITDA) 64.67% - 40.78% - - 65.66% 74.04% 74.19%
FCF Conversion (Net income) 195.76% - 86.83% - - 177.07% 143.38% 143.75%
Dividend per Share 2 - - - - - - - -
Announcement Date 2/5/20 2/3/21 2/2/22 2/8/23 2/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 190 205 197.2 203.9 180.9 166 167.4 155.9 171.6 168.2 165.8 170.3 180.9 191.7 192.6
EBITDA 1 45.53 47.73 51.71 49.44 30.4 12.24 20.78 18.71 25.03 26.86 22.55 25.16 32.23 38.89 48.4
EBIT 1 38.96 41.21 44.75 42.25 21 4.78 13.21 11.17 17.27 19.14 15.18 18.27 25.05 31.8 31.35
Operating Margin 20.51% 20.1% 22.69% 20.72% 11.61% 2.88% 7.89% 7.16% 10.06% 11.38% 9.15% 10.73% 13.85% 16.59% 16.28%
Earnings before Tax (EBT) 1 23.28 32.2 34.32 33.38 5.625 -15.46 - 0.62 5.157 82.1 5.75 8.2 13.15 17.2 18.1
Net income 1 20.5 25.9 29.87 30.24 4.351 -13.73 1.342 0.828 4.371 75.85 4.54 7.26 12.76 18.32 19.67
Net margin 10.79% 12.63% 15.15% 14.83% 2.41% -8.27% 0.8% 0.53% 2.55% 45.1% 2.74% 4.26% 7.05% 9.56% 10.21%
EPS 2 0.2600 0.3300 0.3800 0.3800 0.0600 -0.1800 0.0200 0.0100 0.0600 0.9700 0.0467 0.0850 0.1871 0.2543 0.2680
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 10/27/21 2/2/22 4/27/22 7/27/22 10/26/22 2/8/23 5/3/23 8/2/23 11/1/23 2/7/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 166 - - - - 393 530 668
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 77 - 72.9 - - 78 136 138
ROE (net income / shareholders' equity) 13.2% 17% 16.1% 12.1% 6.61% 7.93% 12.4% -
ROA (Net income/ Total Assets) 10.3% 13.1% 12.7% 9.66% 5.37% 7.2% 11.8% -
Assets 1 382.9 600 663.2 525.5 1,534 611.8 803.8 -
Book Value Per Share 2 7.510 9.610 10.30 10.50 - 12.40 14.10 -
Cash Flow per Share - - - - - - - -
Capex 1 20.8 55.9 66.5 65.2 56 31.9 30 29
Capex / Sales 3.54% 8.05% 8.64% 8.72% 8.45% 4.5% 3.77% 3.28%
Announcement Date 2/5/20 2/3/21 2/2/22 2/8/23 2/7/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
44.75 USD
Average target price
44.19 USD
Spread / Average Target
-1.25%
Consensus
  1. Stock Market
  2. Equities
  3. FORM Stock
  4. Financials FormFactor, Inc.