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FormFactor, Inc. (FORM)

NEUTRAL
TechnologySemiconductor Equipment & MaterialsUnited States

Fundamental

65

Preço

$107.05

Capitalização de Mercado

$8.25B

Parte 1 · Quanto vale a empresa

Visão Geral

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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Balanço & Liquidez

Receita

$902M

Últimos 12 meses (até 27/06/2026)

Resultado Líquido

$115M

Últimos 12 meses (até 27/06/2026)

Fluxo de Caixa Livre

$12M

Capital Próprio Total

$1.04B

Passivo Total

$189M

Rácio de Liquidez

4.08

Cobertura de Juros

43.97

Dívida/EBITDA

0.16

Resultados Por Ação

Receita & Resultado Líquido

Fluxo de Caixa Livre

Decomposição dos Resultados

Demonstração histórica

Margens ao longo do tempo

A dívida ao longo do tempo

Quanto pesa a dívida

Grelha do crescimento

Crescimento — Receitas

Estimativa de Valor Justo

Sobrevalorizada

Valor Justo

$63.91

Preço Atual

$107.05

Margem de Segurança

-67.5%

Intervalo de Valor Justo

$41.54 - $86.28

Métodos de Estimativa

Analyst Target:$138.63
DCF:$16.34
PE-based:$47.49
Graham Growth:$10.85
EPV:$10.12
Consenso dos Analistas:Comprar (10B / 6H / 0S)
Última Surpresa de Resultados:+31.92%

Métricas de Avaliação

Rácio P/E

73.90

ROE

5.3%

Rácio P/B

7.58

P/FCF

61.92

Margem Bruta

43.1%

ROIC

7.8%

Radar de Rentabilidade

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.

Critérios de Análise Fundamental

Aprovado (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

Reprovado (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%

Indisponível (2)

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

Piotroski F-Score

5/9

Sinais mistos: algumas áreas requerem atenção

score
criteria

Qualidade dos Resultados

1.56

Alta qualidade: resultados respaldados por caixa

Diluição de Ações

0.7%

Número de ações estável

Governação

Equipa Executiva

NomeCargoIdade
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-

Risco de Auditoria

4

Risco do Conselho

5

Risco de Remuneração

3

Risco dos Direitos dos Acionistas

4

Parte 2 · O preço e o momento de entrar

Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.

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