Forian Statistics
Total Valuation
Forian has a market cap or net worth of $82.21 million. The enterprise value is $58.76 million.
| Market Cap | 82.21M |
| Enterprise Value | 58.76M |
Important Dates
The next estimated earnings date is Thursday, August 8, 2024, after market close.
| Earnings Date | Aug 8, 2024 |
| Ex-Dividend Date | n/a |
Share Statistics
Forian has 31.14 million shares outstanding. The number of shares has decreased by -4.03% in one year.
| Shares Outstanding | 31.14M |
| Shares Change (YoY) | -4.03% |
| Shares Change (QoQ) | -1.32% |
| Owned by Insiders (%) | 53.62% |
| Owned by Institutions (%) | 13.90% |
| Float | 15.62M |
Valuation Ratios
The trailing PE ratio is 26.40 and the forward PE ratio is 20.37. Forian's PEG ratio is 0.68.
| PE Ratio | 26.40 |
| Forward PE | 20.37 |
| PS Ratio | 4.01 |
| Forward PS | 3.40 |
| PB Ratio | 3.10 |
| P/FCF Ratio | n/a |
| PEG Ratio | 0.68 |
Enterprise Valuation
| EV / Earnings | 17.31 |
| EV / Sales | 2.87 |
| EV / EBITDA | 13.22 |
| EV / EBIT | 13.42 |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 8.66, with a Debt / Equity ratio of 0.90.
| Current Ratio | 8.66 |
| Quick Ratio | 7.99 |
| Debt / Equity | 0.90 |
| Debt / EBITDA | 5.40 |
| Debt / FCF | n/a |
| Interest Coverage | 5.31 |
Financial Efficiency
Return on equity (ROE) is 13.60% and return on invested capital (ROIC) is -9.42%.
| Return on Equity (ROE) | 13.60% |
| Return on Assets (ROA) | 5.90% |
| Return on Capital (ROIC) | -9.42% |
| Revenue Per Employee | $569,120 |
| Profits Per Employee | $94,322 |
| Employee Count | 36 |
| Asset Turnover | 0.36 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Forian has paid $158,371 in taxes.
| Income Tax | 158,371 |
| Effective Tax Rate | 4.46% |
Stock Price Statistics
The stock price has increased by +6.67% in the last 52 weeks. The beta is 1.10, so Forian's price volatility has been similar to the market average.
| Beta (5Y) | 1.10 |
| 52-Week Price Change | +6.67% |
| 50-Day Moving Average | 2.68 |
| 200-Day Moving Average | 2.70 |
| Relative Strength Index (RSI) | 48.30 |
| Average Volume (20 Days) | 9,658 |
Short Selling Information
The latest short interest is 151,668, so 0.49% of the outstanding shares have been sold short.
| Short Interest | 151,668 |
| Short Previous Month | 148,953 |
| Short % of Shares Out | 0.49% |
| Short % of Float | 0.97% |
| Short Ratio (days to cover) | 15.23 |
Income Statement
In the last 12 months, Forian had revenue of $20.49 million and earned $3.40 million in profits. Earnings per share was $0.10.
| Revenue | 20.49M |
| Gross Profit | 14.56M |
| Operating Income | -4.98M |
| Pretax Income | 3.55M |
| Net Income | 3.40M |
| EBITDA | 4.45M |
| EBIT | 4.38M |
| Earnings Per Share (EPS) | $0.10 |
Balance Sheet
The company has $47.43 million in cash and $23.99 million in debt, giving a net cash position of $23.45 million or $0.75 per share.
| Cash & Cash Equivalents | 47.43M |
| Total Debt | 23.99M |
| Net Cash | 23.45M |
| Net Cash Per Share | $0.75 |
| Equity (Book Value) | 26.54M |
| Book Value Per Share | 0.85 |
| Working Capital | 49.56M |
Cash Flow
| Operating Cash Flow | -250,826 |
| Capital Expenditures | n/a |
| Free Cash Flow | -250,826 |
| FCF Per Share | -$0.01 |
Margins
Gross margin is 71.07%, with operating and profit margins of -24.30% and 16.57%.
| Gross Margin | 71.07% |
| Operating Margin | -24.30% |
| Pretax Margin | 17.35% |
| Profit Margin | 16.57% |
| EBITDA Margin | 21.70% |
| EBIT Margin | 21.37% |
| FCF Margin | -1.22% |
Dividends & Yields
Forian 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 | 4.03% |
| Shareholder Yield | 4.03% |
| Earnings Yield | 4.13% |
| FCF Yield | -0.31% |
Analyst Forecast
The average price target for Forian is $5.00, which is 89.39% higher than the current price. The consensus rating is "Strong Buy".
| Price Target | $5.00 |
| Price Target Difference | 89.39% |
| Analyst Consensus | Strong Buy |
| Analyst Count | 2 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock Splits
The last stock split was on March 3, 2021. It was a reverse split with a ratio of 1:20.
| Last Split Date | Mar 3, 2021 |
| Split Type | Reverse |
| Split Ratio | 1:20 |
Scores
Forian has an Altman Z-Score of 2.05 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 2.05 |
| Piotroski F-Score | 6 |