Fortinet Statistics
Total Valuation
Fortinet has a market cap or net worth of $74.49 billion. The enterprise value is $71.87 billion.
| Market Cap | 74.49B |
| Enterprise Value | 71.87B |
Important Dates
The next estimated earnings date is Tuesday, February 4, 2025, after market close.
| Earnings Date | Feb 4, 2025 |
| Ex-Dividend Date | n/a |
Share Statistics
Fortinet has 766.45 million shares outstanding. The number of shares has decreased by -2.76% in one year.
| Current Share Class | 766.45M |
| Shares Outstanding | 766.45M |
| Shares Change (YoY) | -2.76% |
| Shares Change (QoQ) | +0.26% |
| Owned by Insiders (%) | 15.84% |
| Owned by Institutions (%) | 68.24% |
| Float | 644.34M |
Valuation Ratios
The trailing PE ratio is 48.81 and the forward PE ratio is 41.24. Fortinet's PEG ratio is 2.44.
| PE Ratio | 48.81 |
| Forward PE | 41.24 |
| PS Ratio | 13.00 |
| Forward PS | 11.38 |
| PB Ratio | 81.95 |
| P/TBV Ratio | 127.62 |
| P/FCF Ratio | 44.77 |
| P/OCF Ratio | 37.77 |
| PEG Ratio | 2.44 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 41.59, with an EV/FCF ratio of 43.19.
| EV / Earnings | 46.98 |
| EV / Sales | 12.58 |
| EV / EBITDA | 41.59 |
| EV / EBIT | 44.64 |
| EV / FCF | 43.19 |
Financial Position
The company has a current ratio of 1.34, with a Debt / Equity ratio of 1.19.
| Current Ratio | 1.34 |
| Quick Ratio | 1.22 |
| Debt / Equity | 1.19 |
| Debt / EBITDA | 0.60 |
| Debt / FCF | 0.65 |
| Interest Coverage | 78.54 |
Financial Efficiency
Return on equity (ROE) is 311.53% and return on invested capital (ROIC) is 64.60%.
| Return on Equity (ROE) | 311.53% |
| Return on Assets (ROA) | 12.32% |
| Return on Capital (ROIC) | 64.60% |
| Revenue Per Employee | $420,902 |
| Profits Per Employee | $112,758 |
| Employee Count | 13,568 |
| Asset Turnover | 0.70 |
| Inventory Turnover | 2.82 |
Taxes
In the past 12 months, Fortinet has paid $292.40 million in taxes.
| Income Tax | 292.40M |
| Effective Tax Rate | 16.05% |
Stock Price Statistics
The stock price has increased by +68.27% in the last 52 weeks. The beta is 1.00, so Fortinet's price volatility has been similar to the market average.
| Beta (5Y) | 1.00 |
| 52-Week Price Change | +68.27% |
| 50-Day Moving Average | 89.76 |
| 200-Day Moving Average | 72.17 |
| Relative Strength Index (RSI) | 57.23 |
| Average Volume (20 Days) | 4,640,839 |
Short Selling Information
The latest short interest is 12.75 million, so 1.66% of the outstanding shares have been sold short.
| Short Interest | 12.75M |
| Short Previous Month | 12.62M |
| Short % of Shares Out | 1.66% |
| Short % of Float | 1.98% |
| Short Ratio (days to cover) | 2.23 |
Income Statement
In the last 12 months, Fortinet had revenue of $5.71 billion and earned $1.53 billion in profits. Earnings per share was $1.99.
| Revenue | 5.71B |
| Gross Profit | 4.55B |
| Operating Income | 1.61B |
| Pretax Income | 1.52B |
| Net Income | 1.53B |
| EBITDA | 1.73B |
| EBIT | 1.61B |
| Earnings Per Share (EPS) | $1.99 |
Balance Sheet
The company has $3.70 billion in cash and $1.08 billion in debt, giving a net cash position of $2.62 billion or $3.42 per share.
| Cash & Cash Equivalents | 3.70B |
| Total Debt | 1.08B |
| Net Cash | 2.62B |
| Net Cash Per Share | $3.42 |
| Equity (Book Value) | 908.10M |
| Book Value Per Share | 1.19 |
| Working Capital | 1.34B |
Cash Flow
In the last 12 months, operating cash flow was $1.97 billion and capital expenditures -$308.20 million, giving a free cash flow of $1.66 billion.
| Operating Cash Flow | 1.97B |
| Capital Expenditures | -308.20M |
| Free Cash Flow | 1.66B |
| FCF Per Share | $2.17 |
Margins
Gross margin is 79.71%, with operating and profit margins of 28.19% and 26.79%.
| Gross Margin | 79.71% |
| Operating Margin | 28.19% |
| Pretax Margin | 31.91% |
| Profit Margin | 26.79% |
| EBITDA Margin | 30.26% |
| EBIT Margin | 28.19% |
| FCF Margin | 29.14% |
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 | 2.76% |
| Shareholder Yield | 2.76% |
| Earnings Yield | 2.05% |
| FCF Yield | 2.23% |
Analyst Forecast
The average price target for Fortinet is $93.52, which is -3.78% lower than the current price. The consensus rating is "Buy".
| Price Target | $93.52 |
| Price Target Difference | -3.78% |
| Analyst Consensus | Buy |
| Analyst Count | 34 |
| Revenue Growth Forecast (5Y) | 13.39% |
| EPS Growth Forecast (5Y) | 23.18% |
Stock Splits
The last stock split was on June 23, 2022. It was a forward split with a ratio of 5:1.
| Last Split Date | Jun 23, 2022 |
| Split Type | Forward |
| Split Ratio | 5:1 |
Scores
Fortinet has an Altman Z-Score of 4.98 and a Piotroski F-Score of 6.
| Altman Z-Score | 4.98 |
| Piotroski F-Score | 6 |