Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
94.23
+0.18 (0.19%)
At close: Jan 17, 2025, 4:00 PM
94.51
+0.28 (0.30%)
After-hours: Jan 17, 2025, 7:59 PM EST

Fortinet Statistics

Total Valuation

Fortinet has a market cap or net worth of $72.22 billion. The enterprise value is $69.60 billion.

Market Cap 72.22B
Enterprise Value 69.60B

Important Dates

The next confirmed earnings date is Thursday, February 6, 2025, after market close.

Earnings Date Feb 6, 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 (%) 15.86%
Owned by Institutions (%) 68.36%
Float 644.25M

Valuation Ratios

The trailing PE ratio is 47.33 and the forward PE ratio is 40.02. Fortinet's PEG ratio is 2.21.

PE Ratio 47.33
Forward PE 40.02
PS Ratio 12.61
Forward PS 11.03
PB Ratio 79.45
P/TBV Ratio 123.73
P/FCF Ratio 43.40
P/OCF Ratio 36.62
PEG Ratio 2.21
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 40.28, with an EV/FCF ratio of 41.83.

EV / Earnings 45.49
EV / Sales 12.19
EV / EBITDA 40.28
EV / EBIT 43.23
EV / FCF 41.83

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 +51.98% 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 +51.98%
50-Day Moving Average 94.72
200-Day Moving Average 74.45
Relative Strength Index (RSI) 47.79
Average Volume (20 Days) 4,181,758

Short Selling Information

The latest short interest is 16.04 million, so 2.09% of the outstanding shares have been sold short.

Short Interest 16.04M
Short Previous Month 15.28M
Short % of Shares Out 2.09%
Short % of Float 2.49%
Short Ratio (days to cover) 4.06

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
Full Income Statement

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
Full Balance Sheet

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
Full Cash Flow Statement

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 2.12%
FCF Yield 2.30%
Dividend Details

Analyst Forecast

The average price target for Fortinet is $95.93, which is 1.80% higher than the current price. The consensus rating is "Buy".

Price Target $95.93
Price Target Difference 1.80%
Analyst Consensus Buy
Analyst Count 33
Revenue Growth Forecast (5Y) 13.39%
EPS Growth Forecast (5Y) 23.18%
Stock Forecasts

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