FormFactor, Inc. (FORM)
NEUTRALFondamental
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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Direct competitors
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
Juste valeur
$63.91
Prix actuel
$107.05
Marge de sécurité
-67.5%
Fourchette de juste valeur
$41.54 - $86.28
Méthodes d'estimation
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
Signaux mixtes : certains domaines nécessitent attention
Qualité des bénéfices
Qualité élevée : bénéfices soutenus par la trésorerie
Dilution du capital
Le nombre d'actions est stable
Gouvernance
Équipe dirigeante
| Nom | Titre | Âge |
|---|---|---|
| Dr. Michael D. Slessor Ph.D. | CEO, President & Director | - |
| Mr. Aric McKinnis | Senior VP & CFO | 42 |
| Ms. Missy Figueroa | Senior Vice President of Global Operations | - |
| Mr. Steven Nott | Senior VP & Chief Information Officer | - |
| Mr. Stan Finkelstein | Head of Investor Relations | - |
| Mr. Alan Lop-Gate Chan | Senior VP, Chief Legal Officer & Corporate Secretary | 48 |
| Ms. Aliza Scott | Senior VP & Chief Human Resources Officer | - |
| Mr. Aasutosh Dave | Senior Vice President & Chief Commercial Officer | - |
| Mr. Sudhakar Raman | Senior VP & GM of Probes Business Unit | - |
| Mr. Jens Klattenhoff | Senior 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.
- 3/27/2026NEUTRALHere'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.
- 2/21/2026NEGATIVEFormFactor 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