Forian Inc. (FORA)

NASDAQ: FORA · IEX Real-Time Price · USD
3.320
+0.120 (3.75%)
At close: Mar 28, 2024, 4:00 PM
3.500
+0.180 (5.42%)
After-hours: Mar 28, 2024, 5:30 PM EDT

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
Financial Ratio History

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
Full Income Statement

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
Full Balance Sheet

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
Full Cash Flow Statement

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 Forecasts

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