Forum Energy Technologies Stock Probability Of Bankruptcy

FET Stock

USD 15.25 0.08 0.53%

Forum Energy's odds of distress is below 50% at this time. It has small probability of experiencing financial crisis in the next few years. Probability of financial unrest prediction helps decision makers evaluate Forum Energy's chance of financial distress in relation to its going-concern outlook and evaluation. All items used in analyzing the odds of distress are taken from the Forum balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out Forum Energy Piotroski F Score and Forum Energy Altman Z Score analysis.

Market Cap is likely to drop to about 247.3 M in 2024

Forum Energy Technologies Company probability of financial unrest Analysis

Forum Energy's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.

Probability Of Bankruptcy

Normalized

Z-Score

More About Probability Of Bankruptcy | All Equity Analysis

Current Forum Energy Probability Of Bankruptcy

Less than 42%

Most of Forum Energy's fundamental indicators, such as Probability Of Bankruptcy, 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.

Our calculation of Forum Energy probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Forum Energy odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Forum Energy Technologies financial health.

Is Oil & Gas Equipment & Services space 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

(4.23)

Revenue Per Share

68.014

Quarterly Revenue Growth

0.159

Return On Assets

0.0226

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.

Forum Probability Of Bankruptcy 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 Probability Of Bankruptcy. 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.

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Good Will	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Long Term Debt	Treasury Stock	Property Plant Equipment	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.97	0.39	0.6	0.89	0.33	0.68	0.94	0.82	0.93	-0.18	0.67	0.84	0.75	0.15	0.67	0.71	0.82	-0.52	0.72	-0.26	0.56	0.8	0.79	0.75
Total Stockholder Equity	0.97		0.39	0.41	0.88	0.28	0.57	0.91	0.67	0.9	-0.16	0.62	0.79	0.6	0.06	0.66	0.75	0.76	-0.47	0.68	-0.31	0.56	0.78	0.75	0.69
Current Deferred Revenue	0.39	0.39		0.18	0.34	0.16	0.54	0.39	0.28	0.44	0.22	0.08	0.22	0.13	0.38	0.12	0.11	0.09	-0.42	0.41	-0.07	0.35	0.26	0.22	0.19
Net Debt	0.6	0.41	0.18		0.51	0.33	0.71	0.62	0.91	0.51	0.03	0.5	0.56	0.85	0.52	0.3	0.18	0.7	-0.51	0.52	0.11	0.33	0.58	0.61	0.64
Retained Earnings	0.89	0.88	0.34	0.51		0.01	0.52	0.97	0.69	0.73	0.17	0.32	0.7	0.68	0.37	0.36	0.81	0.78	-0.77	0.84	-0.42	0.82	0.96	0.93	0.86
Accounts Payable	0.33	0.28	0.16	0.33	0.01		0.63	0.15	0.38	0.46	-0.43	0.58	0.34	0.21	-0.28	0.4	-0.2	0.19	0.34	0.0	0.33	-0.44	-0.08	-0.07	0.03
Net Receivables	0.68	0.57	0.54	0.71	0.52	0.63		0.63	0.79	0.71	-0.12	0.46	0.5	0.59	0.33	0.39	0.16	0.52	-0.38	0.69	0.17	0.27	0.43	0.43	0.44
Good Will	0.94	0.91	0.39	0.62	0.97	0.15	0.63		0.81	0.84	0.06	0.47	0.82	0.78	0.35	0.49	0.75	0.83	-0.7	0.81	-0.36	0.73	0.92	0.92	0.88
Total Liab	0.82	0.67	0.28	0.91	0.69	0.38	0.79	0.81		0.79	-0.18	0.64	0.77	0.94	0.32	0.52	0.44	0.78	-0.52	0.63	-0.07	0.43	0.67	0.7	0.72
Total Current Assets	0.93	0.9	0.44	0.51	0.73	0.46	0.71	0.84	0.79		-0.36	0.69	0.89	0.7	-0.03	0.76	0.63	0.71	-0.31	0.59	-0.21	0.37	0.61	0.65	0.65
Short Term Debt	-0.18	-0.16	0.22	0.03	0.17	-0.43	-0.12	0.06	-0.18	-0.36		-0.48	-0.25	-0.16	0.69	-0.53	-0.05	0.1	-0.53	0.22	0.03	0.41	0.34	0.32	0.27
Intangible Assets	0.67	0.62	0.08	0.5	0.32	0.58	0.46	0.47	0.64	0.69	-0.48		0.68	0.59	-0.26	0.77	0.17	0.63	0.13	0.11	0.25	-0.14	0.27	0.29	0.32
Common Stock	0.84	0.79	0.22	0.56	0.7	0.34	0.5	0.82	0.77	0.89	-0.25	0.68		0.77	-0.03	0.77	0.66	0.81	-0.29	0.43	-0.32	0.31	0.65	0.74	0.82
Long Term Debt	0.75	0.6	0.13	0.85	0.68	0.21	0.59	0.78	0.94	0.7	-0.16	0.59	0.77		0.29	0.41	0.45	0.76	-0.48	0.52	-0.12	0.44	0.68	0.73	0.74
Treasury Stock	0.15	0.06	0.38	0.52	0.37	-0.28	0.33	0.35	0.32	-0.03	0.69	-0.26	-0.03	0.29		-0.36	-0.01	0.29	-0.75	0.54	0.01	0.61	0.5	0.47	0.4
Property Plant Equipment	0.67	0.66	0.12	0.3	0.36	0.4	0.39	0.49	0.52	0.76	-0.53	0.77	0.77	0.41	-0.36		0.47	0.57	0.06	0.23	-0.08	-0.01	0.27	0.34	0.41
Net Tangible Assets	0.71	0.75	0.11	0.18	0.81	-0.2	0.16	0.75	0.44	0.63	-0.05	0.17	0.66	0.45	-0.01	0.47		0.58	-0.58	0.59	-0.71	0.72	0.75	0.75	0.71
Long Term Debt Total	0.82	0.76	0.09	0.7	0.78	0.19	0.52	0.83	0.78	0.71	0.1	0.63	0.81	0.76	0.29	0.57	0.58		-0.51	0.62	-0.09	0.46	0.82	0.86	0.87
Capital Surpluse	-0.52	-0.47	-0.42	-0.51	-0.77	0.34	-0.38	-0.7	-0.52	-0.31	-0.53	0.13	-0.29	-0.48	-0.75	0.06	-0.58	-0.51		-0.81	0.43	-0.93	-0.81	-0.77	-0.68
Deferred Long Term Liab	0.72	0.68	0.41	0.52	0.84	0.0	0.69	0.81	0.63	0.59	0.22	0.11	0.43	0.52	0.54	0.23	0.59	0.62	-0.81		-0.24	0.81	0.78	0.75	0.66
Short Long Term Debt	-0.26	-0.31	-0.07	0.11	-0.42	0.33	0.17	-0.36	-0.07	-0.21	0.03	0.25	-0.32	-0.12	0.01	-0.08	-0.71	-0.09	0.43	-0.24		-0.5	-0.35	-0.35	-0.39
Cash And Equivalents	0.56	0.56	0.35	0.33	0.82	-0.44	0.27	0.73	0.43	0.37	0.41	-0.14	0.31	0.44	0.61	-0.01	0.72	0.46	-0.93	0.81	-0.5		0.83	0.78	0.64
Net Invested Capital	0.8	0.78	0.26	0.58	0.96	-0.08	0.43	0.92	0.67	0.61	0.34	0.27	0.65	0.68	0.5	0.27	0.75	0.82	-0.81	0.78	-0.35	0.83		0.97	0.9
Net Working Capital	0.79	0.75	0.22	0.61	0.93	-0.07	0.43	0.92	0.7	0.65	0.32	0.29	0.74	0.73	0.47	0.34	0.75	0.86	-0.77	0.75	-0.35	0.78	0.97		0.96
Capital Stock	0.75	0.69	0.19	0.64	0.86	0.03	0.44	0.88	0.72	0.65	0.27	0.32	0.82	0.74	0.4	0.41	0.71	0.87	-0.68	0.66	-0.39	0.64	0.9	0.96

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The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.

Competition

Predict Forum Energy

Based on the latest financial disclosure, Forum Energy Technologies has a Probability Of Bankruptcy of 42.0%. This is 12.9% lower than that of the Energy Equipment & Services sector and 4.31% lower than that of the Energy industry. The probability of bankruptcy for all United States stocks is 5.45% lower than that of the firm.

Forum Probability Of Bankruptcy 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 Probability Of Bankruptcy 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 probability of bankruptcy category among its peers.

Forum Energy Main Bankruptcy Drivers

	2019	2020	2021	2022	2023	2024 (projected)
Return On Assets	(0.49)	(0.11)	(0.1)	0.004465	(0.023)	(0.0241)
Net Debt	341.7M	166.1M	186.4M	188.9M	155.2M	247.2M
Total Current Liabilities	196.9M	124.9M	175.7M	210.5M	204.3M	158.9M
Non Current Liabilities Total	477.1M	358.8M	286.5M	313.7M	204.1M	350.7M
Total Assets	1.2B	889.9M	791.3M	831.3M	821.1M	1.2B
Total Current Assets	665.9M	490.2M	446.7M	512.9M	529.6M	505.0M
Total Cash From Operating Activities	104.1M	3.9M	(15.8M)	(17.1M)	8.2M	7.8M

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	-0.11
	Return On Asset	0.0226
	Profit Margin	(0.06) %
	Operating Margin	0.05 %
	Current Valuation	443.46 M
	Shares Outstanding	12.28 M
	Shares Owned By Insiders	9.96 %
	Shares Owned By Institutions	71.20 %
	Number Of Shares Shorted	87.51 K
	Price To Earning	9.35 X
	Price To Book	0.42 X
	Price To Sales	0.23 X
	Revenue	738.86 M
	Gross Profit	188.53 M
	EBITDA	45.21 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	36.11 X
	Cash Flow From Operations	8.18 M
	Short Ratio	1.88 X
	Earnings Per Share	(4.23) X
	Price To Earnings To Growth	(1.07) X
	Target Price	30.0
	Number Of Employees	1.6 K
	Beta	2.47
	Market Capitalization	187.33 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.

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Additional 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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Forum Energy Technologies Stock Probability Of Bankruptcy

Forum Energy Technologies Company probability of financial unrest Analysis

Probability Of Bankruptcy

Normalized

Z-Score

Current Forum Energy Probability Of Bankruptcy

Forum Probability Of Bankruptcy Driver Correlations

Forum Probability Of Bankruptcy Peer Comparison

Forum Energy Main Bankruptcy Drivers

Forum Energy ESG Sustainability

Forum Fundamentals

About Forum Energy Fundamental Analysis

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Forum Stock Analysis

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