FORMFACTOR INC. DL-,001
stock DE:FMF (FRANKFURT)

Alternative ID: US3463751087

Watch List

Exchange: FRANKFURT
Sector: Industrial Goods
Industry: Semiconductors
Market Cap: Small (1.77B)
Data in EUR

EPS: 0.86
Current PE: 56.33
BVPS: 8.85
Price/BVPS: 5.50

Hist Grade: B (67.19)
YOY Grade: D (40.08)
Debt/FCF: 0.20
ROIC: -15.5%
PEG: 2.82
PEGY: 2.82

Value Price: 31.39
MOS Price: 15.69
MOS %: -35.5%
Graham Number: 13.12
Graham MOS %: -73.0%
IRT: 13.20

Market Price

48.67

0.24 0.5%

as of Jun 02 '23

52 Week Range:

18.30 49.02

Stock Analyzer Tutorials

General Info

type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

Financial Statements

type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

Growth Grade and Financial Ratios

type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

Price Charts

type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

Exchange: FRANKFURT
Sector: Industrial Goods
Industry: Semiconductors
Market Cap: Small (1.77B)
Inst. Ownership: 97.45%
Insider Ownership: 0.92%
Full Time Employees: 2293

FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies. It also provides probing systems for semiconductor design engineers to capture and analyze accurate data; surface metrology systems for the development, production, and quality control of semiconductor products; thermal subsystems, such as thermal chucks and other test systems used in probe stations and other applications; and precision cryogenic instruments, semiconductor tests, and measurement systems. In addition, the company offers on-site probe card maintenance and service training, seminars, and telephone support services. The company markets and sells its products through direct sales force, manufacturers' representatives, and distributors in the United States, Taiwan, South Korea, China, Japan, Europe, rest of Asia-Pacific, and internationally. FormFactor, Inc. was incorporated in 1993 and is headquartered in Livermore, California.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement

Cash Flow Statement

Balance Sheet

Liquidity Ratios

Current Ratio

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Equity (BVPS)	5.91	4.57	4.13	4.21	4.63	5.54	5.25	5.78	7.25	7.53	8.85
growth rate		-22.7%	-9.6%	1.9%	10.0%	19.7%	-5.2%	10.1%	25.4%	3.9%	17.5%
Earnings BIT	-50.66	-46.25	-43.12	-16.67	-3.54	-11.69	46.87	36.11	50.13	81.75	102.79
growth rate		0.0%	0.0%	0.0%	0.0%	0.0%	100.0%	-23.0%	38.8%	63.1%	25.7%
Avg.PE	-3.40	-4.50	-4.72	-4.72		48.36	18.35	21.71	21.71	21.71	21.71
growth rate		0.0%	0.0%	0.0%		100.0%	-62.1%	18.3%	0.0%	0.0%	0.0%
ROA	-15.54	-9.13	-15.67	-5.60	-0.44	-1.36	6.47	15.13	5.02	8.71	8.46
growth rate		0.0%	0.0%	0.0%	0.0%	0.0%	100.0%	133.9%	-66.8%	73.5%	-2.9%
ROE	-17.41	-10.36	-18.22	-6.58	-0.52	-1.88	9.52	20.03	6.44	11.34	10.76
growth rate		0.0%	0.0%	0.0%	0.0%	0.0%	100.0%	110.4%	-67.9%	76.1%	-5.1%
ROIC	-17.41	-10.47	-18.30	-6.67	-0.58	-1.39	8.11	17.44	5.61	10.07	9.92
growth rate		0.0%	0.0%	0.0%	0.0%	0.0%	100.0%	115.0%	-67.8%	79.5%	-1.5%
Cur. Ratio	11.78	5.31	5.60	5.10	5.92	3.08	3.32	3.30	3.07	3.15	3.52
growth rate		-54.9%	5.5%	-8.9%	16.1%	-48.0%	7.8%	-0.6%	-7.0%	2.6%	11.8%
Quick Ratio	10.85	4.45	4.82	4.38	5.15	2.18	2.43	2.40	2.33	2.35	2.63
growth rate		-59.0%	8.3%	-9.1%	17.6%	-57.7%	11.5%	-1.2%	-2.9%	0.9%	11.9%
Leverage	1.11	1.17	1.16	1.19	1.16	1.54	1.41	1.26	1.31	1.29	1.25
growth rate		5.4%	-0.9%	2.6%	-2.5%	32.8%	-8.4%	-10.6%	4.0%	-1.5%	-3.1%
Balance Sheet	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Acct.Receivable	9.48	21.57	22.54	45.93	36.73	71.62	85.36	95.63	98.77	111.30	116.44
growth rate		127.6%	4.5%	103.8%	-20.1%	95.0%	19.2%	12.0%	3.3%	12.7%	4.6%
Acct.Payable				20.27	18.07	34.08	35.05	40.01	40.91	62.05	57.86
growth rate					-10.9%	88.6%	2.9%	14.2%	2.3%	51.7%	-6.7%
Cur.Assets	251.50	178.52	157.99	244.27	258.02	254.71	305.85	337.82	419.04	487.07	524.04
growth rate		-29.0%	-11.5%	54.6%	5.6%	-1.3%	20.1%	10.5%	24.0%	16.2%	7.6%
Total Assets	285.91	295.31	254.26	344.24	342.72	618.98	646.57	728.22	839.88	963.22	1,020.52
growth rate		3.3%	-13.9%	35.4%	-0.4%	80.6%	4.5%	12.6%	15.3%	14.7%	6.0%
Cash	103.74	53.88	44.18	113.94	146.26	101.41	91.18	98.47	144.55	187.23	151.01
growth rate		-48.1%	-18.0%	157.9%	28.4%	-30.7%	-10.1%	8.0%	46.8%	29.5%	-19.3%
Inventory	13.51	17.61	15.45	25.55	27.22	59.81	67.85	77.71	83.26	99.23	111.55
growth rate		30.4%	-12.3%	65.4%	6.6%	119.7%	13.5%	14.5%	7.1%	19.2%	12.4%
Cur.Liabilities	21.34	33.58	28.21	47.86	43.58	82.71	92.16	102.52	136.56	154.57	148.75
growth rate		57.3%	-16.0%	69.7%	-8.9%	89.8%	11.4%	11.2%	33.2%	13.2%	-3.8%
Liabilities	27.17	42.09	34.78	54.81	48.04	217.93	187.94	148.06	198.89	219.13	204.74
growth rate		55.0%	-17.4%	57.6%	-12.3%	353.6%	-13.8%	-21.2%	34.3%	10.2%	-6.6%
LT Debt	0.00	0.22	0.00			125.48	87.23	34.97	15.64	24.98	15.43
growth rate			-100.0%				-30.5%	-59.9%	-55.3%	59.7%	-38.2%
Equity	258.74	253.22	219.49	289.44	294.68	401.06	458.64	580.16	641.00	744.08	815.78
growth rate		-2.1%	-13.3%	31.9%	1.8%	36.1%	14.4%	26.5%	10.5%	16.1%	9.6%
Common Shares	51.00	51.00	54.00	56.00	58.00	65.00	74.00	0.07	0.08	0.08	0.08
growth rate		0.0%	5.9%	3.7%	3.6%	12.1%	13.9%	-99.9%	2.7%	2.6%	0.0%
Cash Flow Statement	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Capital Expenditures	5.75	5.97	6.34	5.67	8.64	11.52	17.76	19.87	20.85	55.87	66.50
growth rate		3.9%	6.3%	-10.6%	52.4%	33.3%	54.1%	11.9%	4.9%	168.0%	19.0%
Cash Dividends	0.00	0.00
growth rate
Cash From OA	-29.34	0.00		17.66	36.12	17.42	86.32	68.70	121.05	169.26	139.36
growth rate		0.0%			104.6%	-51.8%	395.5%	-20.4%	76.2%	39.8%	-17.7%
FCF per Share	-0.76	-0.49	-0.30	-0.05	0.54	-0.01	0.67	0.66	0.98	1.18	0.89
growth rate		0.0%	0.0%	0.0%	100.0%	-100.0%	100.0%	-1.5%	48.5%	20.4%	-24.6%
Sale Purchase of Stock				2.81	3.42	5.75	0.54
growth rate					21.5%	68.1%	-90.6%
FCF	-37.00	-34.00	-14.00	12.00	27.00	6.00	69.00	49.00	100.00	113.00	73.00
growth rate		0.0%	0.0%	100.0%	125.0%	-77.8%	1,050.0%	-29.0%	104.1%	13.0%	-35.4%
Income Statement	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Sales	126.35	133.21	172.77	268.53	282.36	383.88	548.44	529.68	589.46	693.62	769.67
growth rate		5.4%	29.7%	55.4%	5.2%	36.0%	42.9%	-3.4%	11.3%	17.7%	11.0%
Op.Income	-52.54	-47.84	-43.88	-16.67	-3.54	-11.69	46.87	36.11	50.13	81.75	102.79
growth rate		0.0%	0.0%	0.0%	0.0%	0.0%	100.0%	-23.0%	38.8%	63.1%	25.7%
IBT	-50.67	-46.27	-43.14	-20.10	-1.27	-50.20	42.21	33.93	51.06	85.18	98.50
growth rate		0.0%	0.0%	0.0%	0.0%	0.0%	100.0%	-19.6%	50.5%	66.8%	15.6%
Net Income	-49.26	-26.49	-43.06	-19.19	-1.52	-6.56	40.91	104.04	39.35	78.52	83.92
growth rate		0.0%	0.0%	0.0%	0.0%	0.0%	100.0%	154.3%	-62.2%	99.6%	6.9%
EPS	-1.31	-0.70	-1.06	-0.34	-0.03	-0.10	0.55	1.38	0.51	0.99	1.06
growth rate		0.0%	0.0%	0.0%	0.0%	0.0%	100.0%	150.9%	-63.0%	94.1%	7.1%
Gross Profit	15.67	18.88	31.57	77.44	85.74	112.70	216.17	210.34	237.96	288.76	326.70
growth rate		20.5%	67.2%	145.3%	10.7%	31.5%	91.8%	-2.7%	13.1%	21.4%	13.1%
R&D	32.46	29.93	31.42	42.73	44.18	57.45	73.81	74.98	81.50	89.03	100.07
growth rate		-7.8%	5.0%	36.0%	3.4%	30.0%	28.5%	1.6%	8.7%	9.3%	12.4%

Quarterly Statements

Item Name	Sep '21	Dec '21	Mar '22	Jun '22	Sep '22
Earnings BIT	27.89	31.37	34.32	33.23	4.03
growth rate		12.5%	9.4%	-3.2%	-87.9%
Balance Sheet	Sep '21	Dec '21	Mar '22	Jun '22	Sep '22
Acct.Receivable	108.21	116.44	113.51	109.73	110.50
growth rate		7.6%	-2.5%	-3.3%	0.7%
Acct.Payable	64.93	57.86	65.38	60.93	75.02
growth rate		-10.9%	13.0%	-6.8%	23.1%
Cur.Assets	506.50	524.04	556.15	537.06	516.31
growth rate		3.5%	6.1%	-3.4%	-3.9%
Total Assets	1,006.59	1,020.52	1,056.88	1,042.45	1,022.36
growth rate		1.4%	3.6%	-1.4%	-1.9%
Cash	153.78	151.01	167.18	136.40	120.60
growth rate		-1.8%	10.7%	-18.4%	-11.6%
Inventory	115.10	111.55	125.59	143.48	132.03
growth rate		-3.1%	12.6%	14.2%	-8.0%
Cur.Liabilities	160.00	148.75	154.66	159.59	163.76
growth rate		-7.0%	4.0%	3.2%	2.6%
Liabilities	220.20	204.74	210.21	212.46	214.06
growth rate		-7.0%	2.7%	1.1%	0.8%
LT Debt	17.74	15.43	15.18	14.92	14.65
growth rate		-13.0%	-1.7%	-1.7%	-1.8%
Equity	786.39	815.78	846.67	829.99	808.30
growth rate		3.7%	3.8%	-2.0%	-2.6%
Common Shares	0.08	0.08	0.08	0.08	0.08
growth rate		0.0%	0.0%	-1.3%	0.0%
Cash Flow Statement	Sep '21	Dec '21	Mar '22	Jun '22	Sep '22
Capital Expenditures	20.03	15.14	15.61	14.51	8.91
growth rate		-24.4%	3.1%	-7.0%	-38.6%
Cash Dividends
growth rate
Cash From OA	34.28	38.93	44.16	42.65	24.25
growth rate		13.6%	13.4%	-3.4%	-43.1%
Sale Purchase of Stock
growth rate
FCF	14.25	23.78	28.55	28.14	15.34
growth rate		66.9%	20.0%	-1.5%	-45.5%
Income Statement	Sep '21	Dec '21	Mar '22	Jun '22	Sep '22
Sales	189.96	205.00	197.17	203.91	180.87
growth rate		7.9%	-3.8%	3.4%	-11.3%
Op.Income	27.89	31.37	34.32	33.23	4.03
growth rate		12.5%	9.4%	-3.2%	-87.9%
IBT	23.28	32.20	34.32	33.38	5.63
growth rate		38.3%	6.6%	-2.8%	-83.2%
Net Income	20.50	25.90	29.87	30.24	4.35
growth rate		26.4%	15.4%	1.2%	-85.6%
EPS
growth rate
Gross Profit	84.54	89.00	94.36	94.82	62.21
growth rate		5.3%	6.0%	0.5%	-34.4%
R&D	25.74	25.24	27.13	28.26	26.55
growth rate		-2.0%	7.5%	4.2%	-6.1%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

B (67.19)

YOY Growth Grade:

D (40.08)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Dividend Yield:
Beta: 1.32
Beta of 1.3193 suggests that the asset is more volatile than the rest of the market.
PE: 56.33
EY: 1.8%
PEG: 2.82
PEG Ratio of 2.82 suggests that stock is overpriced.
PEGY: 2.82
PEGY Ratio of 2.82 suggests that stock is overpriced.
Price/BVPS: 5.50

Profitability Ratios

ROE: 10.8%
Return on Equity (ROE) of 10.8% suggests that management is inefficient or it could reflect a highly capitalized, conservatively operated business with little long term debt.
ROS: 13.4%
The value of Return on Sales depends on the business and/or industry. Usually the higher ratio the better.
ROA: 9.7%
Return on Assets (ROA). Low ratio usually means poor performance, or ineffective use of assets by management. High ratio usually means good performance.
ROI: 12.1%
Return on Investment (ROI) of 12.1% suggests that management is inefficient or it could reflect a highly capitalized, conservatively operated business with little long term debt.
ROIC: -15.5%
Return on Invested Capital (ROIC) of -15.5% suggests that a company may not be able to fund future growth from within.

Liquidity Ratios

Current Ratio: 3.52
Current Ratio of 3.52 suggests that money that could be working for the business is tied up in government securities, cash savings or other safe funds.
Quick Ratio: 1.80
Quick Ratio of 1.80 suggests that a company is doing well.
Cash Turnover: 2.05
Turnover Of Cash Ratio of 2.05 suggests that a company may have funds tied up in short-term low-yielding assets or may have a cash surplus, which is not invested in the business.
Equity Ratio: 79.9%
Equity Ratio of 79.9% suggests that a large percent of the company's assets financed by shareholder equity, which is good.
Debt/Equity: 25.1%
Debt to Equity Ratio of 25.1% suggests that a company is doing well.
Debt/FCF: 0.20
Debt/FCF of 0.20 suggests that a company is doing well and can pay off its long term debt within three years.

Efficiency Ratios

Avg Collection Period: 55.22
Average Collection Period of 55.22 days suggests that a company is doing well.
Inventory Turnover: 3.97
Inventory Turnover Ratio of 3.97 suggests a large inventory, a never-out-of-stock situation, perhaps some obsolete items, or it could indicate poor liquidity and possible overstocking of items.
Cash Flow Ratio: 3.94
Cash Flow Ratio of 3.94 suggests a company is doing OK, but lower inventory is generally viewed as a positive trend.
Profit Margin: 10.9%

Value Price

PE and EPS

	Historical	Current	Forward
PE	26.16	56.33	12.84
EPS / Growth	22.8%	0.86	20.0%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 14.4%

Estimates	Pessimistic	Moderate	Optimistic
Rate of Return	15.0%
MOS Price %	50 %
Future EPS Growth	14.4%	19.1%	19.1%
Future PE	12.84	25.70	25.70
Future EPS	3.31	4.94	4.94
Value Price MOS %	10.49 -78.4%	31.39 -35.5%	31.39 -35.5%
MOS Price	5.25	15.69	15.69
IRT	15.55	13.20	13.20

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Graham Number: 13.12
Graham MOS: -73.0%

Price Chart

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