Fortinet, Inc. (LON:0IR9)

Fortinet Statistics

Total Valuation

Fortinet has a market cap or net worth of GBP 59.88 billion. The enterprise value is 57.12 billion.

Market Cap	59.88B
Enterprise Value	57.12B

Important Dates

The next estimated earnings date is Wednesday, August 6, 2025.

Earnings Date	Aug 6, 2025
Ex-Dividend Date	n/a

Share Statistics

Current Share Class	765.42M
Shares Outstanding	n/a
Shares Change (YoY)	-1.15%
Shares Change (QoQ)	+0.21%
Owned by Insiders (%)	n/a
Owned by Institutions (%)	n/a
Float	647.60M

Valuation Ratios

The trailing PE ratio is 41.17 and the forward PE ratio is 41.12.

PE Ratio	41.17
Forward PE	41.12
PS Ratio	12.60
PB Ratio	39.41
P/TBV Ratio	48.19
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 36.35, with an EV/FCF ratio of 35.69.

EV / Earnings	39.27
EV / Sales	12.47
EV / EBITDA	36.35
EV / EBIT	40.02
EV / FCF	35.69

Financial Position

The company has a current ratio of 1.36, with a Debt / Equity ratio of 0.55.

Current Ratio	1.36
Quick Ratio	1.26
Debt / Equity	0.55
Debt / EBITDA	0.51
Debt / FCF	0.52
Interest Coverage	97.28

Financial Efficiency

Return on equity (ROE) is 205.91% and return on invested capital (ROIC) is 60.43%.

Return on Equity (ROE)	205.91%
Return on Assets (ROA)	13.33%
Return on Invested Capital (ROIC)	60.43%
Return on Capital Employed (ROCE)	33.92%
Revenue Per Employee	326,601
Profits Per Employee	99,929
Employee Count	14,138
Asset Turnover	0.68
Inventory Turnover	2.86

Taxes

In the past 12 months, Fortinet has paid 263.85 million in taxes.

Income Tax	263.85M
Effective Tax Rate	15.35%

Stock Price Statistics

The stock price has increased by +73.43% in the last 52 weeks. The beta is 1.07, so Fortinet's price volatility has been similar to the market average.

Beta (5Y)	1.07
52-Week Price Change	+73.43%
50-Day Moving Average	103.25
200-Day Moving Average	97.10
Relative Strength Index (RSI)	53.75
Average Volume (20 Days)	8,463

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	4.21

Income Statement

In the last 12 months, Fortinet had revenue of GBP 4.75 billion and earned 1.45 billion in profits. Earnings per share was 1.88.

Revenue	4.75B
Gross Profit	3.87B
Operating Income	1.49B
Pretax Income	1.72B
Net Income	1.45B
EBITDA	1.59B
EBIT	1.49B
Earnings Per Share (EPS)	1.88

Balance Sheet

The company has 3.70 billion in cash and 833.20 million in debt, giving a net cash position of 2.87 billion.

Cash & Cash Equivalents	3.70B
Total Debt	833.20M
Net Cash	2.87B
Net Cash Per Share	n/a
Equity (Book Value)	1.52B
Book Value Per Share	1.98
Working Capital	1.33B

Cash Flow

In the last 12 months, operating cash flow was 1.77 billion and capital expenditures -172.99 million, giving a free cash flow of 1.60 billion.

Operating Cash Flow	1.77B
Capital Expenditures	-172.99M
Free Cash Flow	1.60B
FCF Per Share	n/a

Margins

Gross margin is 81.34%, with operating and profit margins of 31.36% and 30.60%.

Gross Margin	81.34%
Operating Margin	31.36%
Pretax Margin	36.15%
Profit Margin	30.60%
EBITDA Margin	33.48%
EBIT Margin	31.36%
FCF Margin	33.66%

Dividends & Yields

Fortinet does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	1.15%
Shareholder Yield	n/a
Earnings Yield	2.43%
FCF Yield	2.67%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on June 23, 2022. It was a forward split with a ratio of 5.

Last Split Date	Jun 23, 2022
Split Type	Forward
Split Ratio	5

Scores

Fortinet has an Altman Z-Score of 5.79 and a Piotroski F-Score of 7.

Altman Z-Score	5.79
Piotroski F-Score	7