Fortinet, Inc. (FTNT)

NASDAQ: FTNT · IEX Real-Time Price · USD
57.29
-1.56 (-2.65%)
At close: Jun 28, 2022 4:00 PM
57.45
+0.16 (0.28%)
After-hours: Jun 28, 2022 7:59 PM EDT

Total Valuation

Fortinet has a market cap or net worth of $45.98 billion. The enterprise value is $44.83 billion.

Market Cap 45.98B
Enterprise Value 44.83B

Important Dates

The next earnings date is Thursday, August 4, 2022, after market close.

Estimated Earnings Date Aug 4, 2022
Ex-Dividend Date n/a

Share Statistics

Fortinet has 802.64 million shares outstanding. The number of shares has decreased by -1.41% in one year.

Shares Outstanding 802.64M
Shares Change (YoY) -1.41%
Shares Change (QoQ) -1.35%
Owned by Insiders (%) 18.36%
Owned by Institutions (%) 70.44%
Float 681.61M

Valuation Ratios

The trailing PE ratio is 71.61 and the forward PE ratio is 56.18. Fortinet's PEG ratio is 2.37.

PE Ratio 71.61
Forward PE 56.18
PS Ratio 12.82
PB Ratio 211.22
P/FCF Ratio 37.89
PEG Ratio 2.37
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 60.38, with a EV/FCF ratio of 36.94.

EV / Earnings 70.27
EV / Sales 12.50
EV / EBITDA 60.38
EV / EBIT 68.98
EV / FCF 36.94

Financial Position

The company has a current ratio of 1.28, with a Debt / Equity ratio of 4.54.

Current Ratio 1.28
Quick Ratio 1.17
Debt / Equity 4.54
Debt / EBITDA 1.33
Debt / FCF 0.81

Financial Efficiency

Return on equity (ROE) is 80.60%, which is very high. The company has a high ROIC of 22.80%.

Return on Equity (ROE) 80.60%
Return on Assets (ROA) 11.00%
Return on Capital (ROIC) 22.80%
Revenue Per Employee $330,267
Profits Per Employee $58,748
Employee Count 10,860
Asset Turnover 0.62
Inventory Turnover 5.27

Taxes

Income Tax -6.20M
Effective Tax Rate -0.98%

Stock Price Statistics

The stock price has increased by +17.94% in the last 52 weeks. The beta is 1.21, so Fortinet's price volatility has been higher than the market average.

Beta (1Y) 1.21
52-Week Price Change +17.94%
50-Day Moving Average 56.78
200-Day Moving Average 61.71
Average Volume (30 Days) 6,511,864

Short Selling Information

The latest short interest is 2.38 million, so 0.30% of the outstanding shares have been sold short.

Short Interest 2.38M
Short % of Shares Out 0.30%
Short % of Float 0.35%
Short Ratio (days to cover) 1.46

Income Statement

In the last 12 months, Fortinet had revenue of $3.59 billion and earned 638.00 million in profits. Earnings per share was $0.80.

Revenue 3.59B
Gross Profit 2.71B
Operating Income 679.80M
Pretax Income 631.80M
Net Income 638.00M
EBITDA 742.50M
EBIT 649.90M
Earnings Per Share (EPS) $0.80
Full Income Statement

Balance Sheet

The company has $2.14 billion in cash and $988.90 million in debt, giving a net cash position of $1.15 billion or $1.44 per share.

Cash & Cash Equivalents 2.14B
Total Debt 988.90M
Net Cash 1.15B
Net Cash Per Share $1.44
Book Value 217.70M
Book Value Per Share 0.27
Working Capital 697.80M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $1.58 billion and capital expenditures -$366.40 million, giving a free cash flow of $1.21 billion.

Operating Cash Flow 1.58B
Capital Expenditures -366.40M
Free Cash Flow 1.21B
FCF Per Share $1.51
Full Cash Flow Statement

Margins

Gross margin is 75.46%, with operating and profit margins of 18.95% and 17.79%.

Gross Margin 75.46%
Operating Margin 18.95%
Pretax Margin 17.62%
Profit Margin 17.79%
EBITDA Margin 20.70%
EBIT Margin 18.12%
FCF Margin 33.83%

Dividends & Yields

Fortinet does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Earnings Yield 1.39%
FCF Yield 2.64%
Dividend Growth (YoY) n/a
Payout Ratio n/a
Buyback Yield 1.32%
Shareholder Yield 1.32%
Dividend Details

Analyst Forecast

The average price target for Fortinet is $73.02, which is 27.46% higher than the current price. The consensus rating is "Buy".

Price Target $73.02
Price Target Difference 27.46%
Analyst Consensus Buy
Analyst Count 37
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