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FormFactor, Inc. (FORM)

NEUTRAL
TechnologySemiconductor Equipment & MaterialsUnited States

Fondamentale

65

Prezzo

$107.05

Capitalizzazione

$8.25B

Parte 1 · Quanto vale l'azienda

Panoramica

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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Stato Patrimoniale e Liquidità

Ricavi

$902M

Ultimi 12 mesi (al 27/06/2026)

Utile Netto

$115M

Ultimi 12 mesi (al 27/06/2026)

Free Cash Flow

$12M

Patrimonio Netto Totale

$1.04B

Passività Totali

$189M

Rapporto di Liquidità

4.08

Copertura Interessi

43.97

Debito/EBITDA

0.16

Utile per Azione

Ricavi e Utile Netto

Free Cash Flow

Scomposizione Ricavi

Prospetto storico

Margini nel tempo

Il debito nel tempo

Quanto pesa il debito

Griglia della crescita

Crescita — Ricavi

Stima del Fair Value

Sopravvalutato

Fair Value

$63.91

Prezzo Attuale

$107.05

Margine di Sicurezza

-67.5%

Range Fair Value

$41.54 - $86.28

Metodi di Stima

Analyst Target:$138.63
DCF:$16.34
PE-based:$47.49
Graham Growth:$10.85
EPV:$10.12
Consenso Analisti:Buy (10B / 6H / 0S)
Ultima Sorpresa Utili:+31.92%

Metriche di Valutazione

Rapporto P/E

73.90

ROE

5.3%

Rapporto P/B

7.58

P/FCF

61.92

Margine Lordo

43.1%

ROIC

7.8%

Radar Redditività

Creazione di Valore (Vantaggio Competitivo)

ROIC

7.8%

WACC

11.3%

ROIC − WACC

-3.6 pp

Il ROIC è sotto il costo del capitale: l'azienda distrugge valore per ogni dollaro investito.

Criteri di Analisi Fondamentale

Superati (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

Non superati (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%

Non disponibili (2)

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

Piotroski F-Score

5/9

Segnali misti: alcune aree necessitano attenzione

score
criteria

Qualità degli Utili

1.56

Alta qualità: utili supportati da cash

Diluizione Azionaria

0.7%

Numero di azioni stabile

Governance

Team Dirigenziale

NomeRuoloEtà
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-

Rischio Audit

4

Rischio CdA

5

Rischio Compensi

3

Rischio Diritti Azionisti

4

Parte 2 · Il prezzo e il momento d'ingresso

Questa parte non serve a capire se l'azienda vale: serve a scegliere quando comprarla, dopo che i fondamentali ti hanno convinto. Dentro: analisi tecnica, potenziale, drawdown storici, esposizione gamma.

Ultime Notizie

Ultime notizie per FORM, da 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