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FormFactor, Inc. (FORM)

NEUTRAL
TechnologySemiconductor Equipment & MaterialsUnited States

Fondamental

65

Prix

$107.05

Capitalisation boursière

$8.25B

Partie 1 · Ce que vaut l'entreprise

Vue d'ensemble

FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, thermal systems, cryogenic systems, and related services in the United States, South Korea, Taiwan, China, Japan, Singapore, Europe, Malaysia, and internationally. The company operates in two segments: Probe Cards and Systems segments. The company provides probe cards to test various semiconductor device types, including systems- on-chip products, such as graphics, central, digital processing units, and other custom application-specific processing units; mobile application processors, microprocessors, and microcontrollers; network devices, which include switches and network processing units; dynamic random-access memory; radio-frequency amplifiers and filters; antenna-in-package devices; analog and mixed-signal integrated circuits; image sensors; co-packaged optical integrated circuits; NAND flash memory; NOR flash memory; and quantum computer processor devices. It also offers analytical probes, which are used for device characterization, electrical simulation model development, failure analysis, and prototype design debugging; probe stations, a critical tool for the development of new generations of semiconductor and electro-optical processes and designs; and thermal subsystems, which include thermal chucks and other test systems used in probe stations and other applications for precise temperature management. In addition, the company provides cryogenic systems, which includes the manufacture of precision cryogenic instruments and semiconductor test and measurement systems; and services and support, including installation services. Further, it offers on-site probe card maintenance and service training, seminars, and telephone support services. It markets and sells its products through direct sales force, manufacturers' representatives, and distributors. The company was incorporated in 1993 and is headquartered in Livermore, California.

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Who this company fights with for the same customers

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Bilan & Liquidités

Chiffre d'affaires

$902M

12 derniers mois (au 27/06/2026)

Résultat net

$115M

12 derniers mois (au 27/06/2026)

Flux de trésorerie libre

$12M

Capitaux propres totaux

$1.04B

Passif total

$189M

Ratio de liquidité général

4.08

Couverture des intérêts

43.97

Dette/EBITDA

0.16

Bénéfice par action

Chiffre d'affaires & Résultat net

Flux de trésorerie libre

Décomposition du résultat

État historique

Marges dans le temps

La dette dans le temps

Le poids de la dette

Grille de la croissance

Croissance — Chiffre d'affaires

Estimation de la juste valeur

Surévalué

Juste valeur

$63.91

Prix actuel

$107.05

Marge de sécurité

-67.5%

Fourchette de juste valeur

$41.54 - $86.28

Méthodes d'estimation

Analyst Target:$138.63
DCF:$16.34
PE-based:$47.49
Graham Growth:$10.85
EPV:$10.12
Consensus des analystes:Acheter (10B / 6H / 0S)
Dernière surprise sur les résultats:+31.92%

Indicateurs de valorisation

Ratio P/E

73.90

ROE

5.3%

Ratio P/B

7.58

P/FCF

61.92

Marge brute

43.1%

ROIC

7.8%

Radar de rentabilité

Value Creation (Economic Moat)

ROIC

7.8%

WACC

11.3%

ROIC − WACC

-3.6 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Critères d'analyse fondamentale

Réussi (18)

  • EPS shows upward trend
  • Price CAGR 26.14%
  • ROIC 7.8%
  • Gross Margin 43.1%
  • Debt/Equity ratio
  • Operating Margin 12.9%
  • Positive Free Cash Flow
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 11.0%
  • Analyst Consensus 63% Buy
  • Earnings Surprise avg 28.7%
  • Earnings Quality (OCF/NI) 1.56
  • Share Dilution 0.7%
  • Net Margin Trend 12.8% vs 5.7%
  • Piotroski F-Score 5/9

Échoué (7)

  • P/FCF 61.92
  • P/B Ratio 7.58
  • CapEx intensity
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Revenue Growth 5Y 2.5%

Indisponible (2)

  • Dividend Payout NaN%
  • PEG Ratio (need PE > 0 and growth > 0)

Score F de Piotroski

5/9

Signaux mixtes : certains domaines nécessitent attention

score
criteria

Qualité des bénéfices

1.56

Qualité élevée : bénéfices soutenus par la trésorerie

Dilution du capital

0.7%

Le nombre d'actions est stable

Gouvernance

Équipe dirigeante

NomTitreÂge
Dr. Michael D. Slessor Ph.D.CEO, President & Director-
Mr. Aric McKinnisSenior VP & CFO42
Ms. Missy FigueroaSenior Vice President of Global Operations-
Mr. Steven NottSenior VP & Chief Information Officer-
Mr. Stan FinkelsteinHead of Investor Relations-
Mr. Alan Lop-Gate ChanSenior VP, Chief Legal Officer & Corporate Secretary48
Ms. Aliza ScottSenior VP & Chief Human Resources Officer-
Mr. Aasutosh DaveSenior Vice President & Chief Commercial Officer-
Mr. Sudhakar RamanSenior VP & GM of Probes Business Unit-
Mr. Jens KlattenhoffSenior VP & GM of Systems Business Unit-

Risque d'audit

4

Risque du conseil

5

Risque de rémunération

3

Risque droits des actionnaires

4

Partie 2 · Le prix et le moment d'entrer

Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.

Latest News

Recent headlines for FORM, sourced from Markets Gazette.

  • 3/27/2026NEUTRAL
    Here's How Much $100 Invested In FormFactor 10 Years Ago Would Be Worth Today

    An investment of $100 in FormFactor Inc. (FORM) ten years ago would have grown to approximately $1,050 today, representing a significant 950% return. This performance metric highlights the substantial long-term growth potential of the semiconductor equipment manufacturer. Investors considering FormFactor should note its historical ability to generate wealth, though past performance is not indicative of future results. The company operates in a cyclical industry, and its stock price can be influenced by broader market trends and semiconductor demand.

  • 2/21/2026NEGATIVE
    FormFactor Director Sells 3,000 Shares Before Retirement Announcement

    Seven board directors at FormFactor sold shares in February 2026, shortly before a retirement announcement. The sale of 3,000 shares by one director raises questions about potential insider sell-off signals. While executive stock sales can have various motivations, a coordinated sale by multiple board members might indicate a lack of confidence in the company's future prospects or preparation for upcoming events. Investors will be closely watching subsequent moves and company communications to better understand the context of these transactions.

via Markets Gazette