Forian Inc. (FORA)
Total Valuation
Forian has a market cap or net worth of $102.84 million. The enterprise value is $78.56 million.
Market Cap | 102.84M |
Enterprise Value | 78.56M |
Important Dates
The next confirmed earnings date is Thursday, March 28, 2024, after market close.
Earnings Date | Mar 28, 2024 |
Ex-Dividend Date | n/a |
Share Statistics
Forian has 30.98 million shares outstanding. The number of shares has increased by 9.29% in one year.
Shares Outstanding | 30.98M |
Shares Change (YoY) | +9.29% |
Shares Change (QoQ) | +8.70% |
Owned by Insiders (%) | 49.63% |
Owned by Institutions (%) | 13.47% |
Float | 15.38M |
Valuation Ratios
The trailing PE ratio is 18.44 and the forward PE ratio is 21.32. Forian's PEG ratio is 0.71.
PE Ratio | 18.44 |
Forward PE | 21.32 |
PS Ratio | 4.47 |
Forward PS | 4.40 |
PB Ratio | 3.86 |
P/FCF Ratio | 83.65 |
PEG Ratio | 0.71 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 9.58, with an EV/FCF ratio of 63.90.
EV / Earnings | 12.75 |
EV / Sales | 3.41 |
EV / EBITDA | 9.58 |
EV / EBIT | 10.96 |
EV / FCF | 63.90 |
Financial Position
The company has a current ratio of 7.84, with a Debt / Equity ratio of 0.93.
Current Ratio | 7.84 |
Quick Ratio | 6.95 |
Debt / Equity | 0.93 |
Debt / EBITDA | 3.01 |
Debt / FCF | 20.08 |
Interest Coverage | 8.49 |
Financial Efficiency
Return on equity (ROE) is 30.70% and return on invested capital (ROIC) is -15.77%.
Return on Equity (ROE) | 30.70% |
Return on Assets (ROA) | 11.40% |
Return on Capital (ROIC) | -15.77% |
Revenue Per Employee | $225,651 |
Profits Per Employee | $60,402 |
Employee Count | 102 |
Asset Turnover | 0.43 |
Inventory Turnover | n/a |
Taxes
In the past 12 months, Forian has paid $163,267 in taxes.
Income Tax | 163,267 |
Effective Tax Rate | 2.58% |
Stock Price Statistics
The stock price has increased by +1.49% in the last 52 weeks. The beta is 1.00, so Forian's price volatility has been similar to the market average.
Beta (1Y) | 1.00 |
52-Week Price Change | +1.49% |
50-Day Moving Average | 2.92 |
200-Day Moving Average | 2.63 |
Relative Strength Index (RSI) | 57.29 |
Average Volume (30 Days) | 27,855 |
Short Selling Information
The latest short interest is 165,094, so 0.53% of the outstanding shares have been sold short.
Short Interest | 165,094 |
Short Previous Month | 172,957 |
Short % of Shares Out | 0.53% |
Short % of Float | 1.07% |
Short Ratio (days to cover) | 3.79 |
Income Statement
In the last 12 months, Forian had revenue of $23.02 million and earned $6.16 million in profits. Earnings per share was $0.18.
Revenue | 23.02M |
Gross Profit | 17.40M |
Operating Income | -8.31M |
Pretax Income | 6.32M |
Net Income | 6.16M |
EBITDA | 8.20M |
EBIT | 7.17M |
Earnings Per Share (EPS) | $0.18 |
Balance Sheet
The company has $48.96 million in cash and $24.68 million in debt, giving a net cash position of $24.28 million or $0.78 per share.
Cash & Cash Equivalents | 48.96M |
Total Debt | 24.68M |
Net Cash | 24.28M |
Net Cash Per Share | $0.78 |
Equity / Book Value | 26.67M |
Book Value Per Share | 0.86 |
Working Capital | 51.03M |
Cash Flow
In the last 12 months, operating cash flow was $1.55 million and capital expenditures -$316,586, giving a free cash flow of $1.23 million.
Operating Cash Flow | 1.55M |
Capital Expenditures | -316,586 |
Free Cash Flow | 1.23M |
FCF Per Share | $0.04 |
Margins
Gross margin is 75.62%, with operating and profit margins of -36.12% and 26.77%.
Gross Margin | 75.62% |
Operating Margin | -36.12% |
Pretax Margin | 27.48% |
Profit Margin | 26.77% |
EBITDA Margin | 35.62% |
EBIT Margin | 31.15% |
FCF Margin | 5.34% |
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 | -9.29% |
Shareholder Yield | -9.29% |
Earnings Yield | 5.99% |
FCF Yield | 1.20% |
Analyst Forecast
The average price target for Forian is $5.00, which is 50.60% higher than the current price. The consensus rating is "Strong Buy".
Price Target | $5.00 |
Price Target Difference | 50.60% |
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 2.59 and a Piotroski F-Score of 7. A Z-score under 3 suggests an increased risk of bankruptcy.
Altman Z-Score | 2.59 |
Piotroski F-Score | 7 |