Fortinet Statistics
Total Valuation
Fortinet has a market cap or net worth of $48.33 billion. The enterprise value is $47.36 billion.
| Market Cap | 48.33B |
| Enterprise Value | 47.36B |
Important Dates
The next confirmed earnings date is Thursday, May 2, 2024, after market close.
| Earnings Date | May 2, 2024 |
| Ex-Dividend Date | n/a |
Share Statistics
Fortinet has 763.03 million shares outstanding. The number of shares has decreased by -2.12% in one year.
| Shares Outstanding | 763.03M |
| Shares Change (YoY) | -2.12% |
| Shares Change (QoQ) | -2.39% |
| Owned by Insiders (%) | 16.27% |
| Owned by Institutions (%) | 70.01% |
| Float | 641.03M |
Valuation Ratios
The trailing PE ratio is 43.82 and the forward PE ratio is 37.16. Fortinet's PEG ratio is 1.79.
| PE Ratio | 43.82 |
| Forward PE | 37.16 |
| PS Ratio | 9.20 |
| Forward PS | 8.29 |
| PB Ratio | n/a |
| P/FCF Ratio | 28.19 |
| PEG Ratio | 1.79 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 33.21, with an EV/FCF ratio of 27.35.
| EV / Earnings | 41.26 |
| EV / Sales | 8.93 |
| EV / EBITDA | 33.21 |
| EV / EBIT | 36.08 |
| EV / FCF | 27.35 |
Financial Position
The company has a current ratio of 1.19
| Current Ratio | 1.19 |
| Quick Ratio | 1.03 |
| Debt / Equity | n/a |
| Debt / EBITDA | 0.70 |
| Debt / FCF | 0.57 |
| Interest Coverage | 62.50 |
Financial Efficiency
Return on equity (ROE) is -8,097.40% and return on invested capital (ROIC) is 208.53%.
| Return on Equity (ROE) | -8,097.40% |
| Return on Assets (ROA) | 15.80% |
| Return on Capital (ROIC) | 208.53% |
| Revenue Per Employee | $390,979 |
| Profits Per Employee | $84,596 |
| Employee Count | 13,568 |
| Asset Turnover | 0.73 |
| Inventory Turnover | 3.30 |
Taxes
In the past 12 months, Fortinet has paid $143.80 million in taxes.
| Income Tax | 143.80M |
| Effective Tax Rate | 11.13% |
Stock Price Statistics
The stock price has decreased by -5.79% in the last 52 weeks. The beta is 1.07, so Fortinet's price volatility has been similar to the market average.
| Beta (1Y) | 1.07 |
| 52-Week Price Change | -5.79% |
| 50-Day Moving Average | 68.53 |
| 200-Day Moving Average | 62.87 |
| Relative Strength Index (RSI) | 34.36 |
| Average Volume (30 Days) | 5,900,512 |
Short Selling Information
The latest short interest is 13.19 million, so 1.73% of the outstanding shares have been sold short.
| Short Interest | 13.19M |
| Short Previous Month | 13.30M |
| Short % of Shares Out | 1.73% |
| Short % of Float | 2.06% |
| Short Ratio (days to cover) | 2.82 |
Income Statement
In the last 12 months, Fortinet had revenue of $5.30 billion and earned $1.15 billion in profits. Earnings per share was $1.46.
| Revenue | 5.30B |
| Gross Profit | 4.07B |
| Operating Income | 1.24B |
| Pretax Income | 1.29B |
| Net Income | 1.15B |
| EBITDA | 1.43B |
| EBIT | 1.31B |
| Earnings Per Share (EPS) | $1.46 |
Balance Sheet
The company has $2.44 billion in cash and $992.30 million in debt, giving a net cash position of $1.45 billion or $1.90 per share.
| Cash & Cash Equivalents | 2.44B |
| Total Debt | 992.30M |
| Net Cash | 1.45B |
| Net Cash Per Share | $1.90 |
| Equity / Book Value | -463.40M |
| Book Value Per Share | -0.61 |
| Working Capital | 709.30M |
Cash Flow
In the last 12 months, operating cash flow was $1.94 billion and capital expenditures -$204.10 million, giving a free cash flow of $1.73 billion.
| Operating Cash Flow | 1.94B |
| Capital Expenditures | -204.10M |
| Free Cash Flow | 1.73B |
| FCF Per Share | $2.22 |
Margins
Gross margin is 76.68%, with operating and profit margins of 23.40% and 21.64%.
| Gross Margin | 76.68% |
| Operating Margin | 23.40% |
| Pretax Margin | 24.35% |
| Profit Margin | 21.64% |
| EBITDA Margin | 26.88% |
| EBIT Margin | 24.74% |
| FCF Margin | 32.64% |
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 | 2.12% |
| Shareholder Yield | 2.12% |
| Earnings Yield | 2.35% |
| FCF Yield | 3.55% |
Analyst Forecast
The average price target for Fortinet is $72.03, which is 13.72% higher than the current price. The consensus rating is "Buy".
| Price Target | $72.03 |
| Price Target Difference | 13.72% |
| Analyst Consensus | Buy |
| Analyst Count | 34 |
| Revenue Growth Forecast (5Y) | 17.36% |
| EPS Growth Forecast (5Y) | 16.26% |
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 4.88 and a Piotroski F-Score of 6.
| Altman Z-Score | 4.88 |
| Piotroski F-Score | 6 |