Fortinet, Inc. (FTNT)
NASDAQ: FTNT · IEX Real-Time Price · USD
60.78
+0.55 (0.91%)
At close: Jun 14, 2024, 4:00 PM
60.79
+0.01 (0.02%)
After-hours: Jun 14, 2024, 7:55 PM EDT

Fortinet Statistics

Total Valuation

Fortinet has a market cap or net worth of $46.43 billion. The enterprise value is $44.40 billion.

Market Cap 46.43B
Enterprise Value 44.40B

Important Dates

The next estimated earnings date is Thursday, August 1, 2024, after market close.

Earnings Date Aug 1, 2024
Ex-Dividend Date n/a

Share Statistics

Fortinet has 763.94 million shares outstanding. The number of shares has decreased by -2.89% in one year.

Shares Outstanding 763.94M
Shares Change (YoY) -2.89%
Shares Change (QoQ) -0.23%
Owned by Insiders (%) 17.50%
Owned by Institutions (%) 70.38%
Float 641.90M

Valuation Ratios

The trailing PE ratio is 39.47 and the forward PE ratio is 33.54. Fortinet's PEG ratio is 1.79.

PE Ratio 39.47
Forward PE 33.54
PS Ratio 8.61
Forward PS 7.62
PB Ratio n/a
P/FCF Ratio 27.43
PEG Ratio 1.79
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 29.66, with an EV/FCF ratio of 26.23.

EV / Earnings 37.02
EV / Sales 8.23
EV / EBITDA 29.66
EV / EBIT 32.12
EV / FCF 26.23

Financial Position

The company has a current ratio of 1.20

Current Ratio 1.20
Quick Ratio 1.06
Debt / Equity n/a
Debt / EBITDA 0.66
Debt / FCF 0.59
Interest Coverage 65.52

Financial Efficiency

Return on equity (ROE) is -2,333.50% and return on invested capital (ROIC) is 132.75%.

Return on Equity (ROE) -2,333.50%
Return on Assets (ROA) 16.10%
Return on Capital (ROIC) 132.75%
Revenue Per Employee $397,686
Profits Per Employee $88,399
Employee Count 13,568
Asset Turnover 0.72
Inventory Turnover 3.33

Taxes

In the past 12 months, Fortinet has paid $162.00 million in taxes.

Income Tax 162.00M
Effective Tax Rate 11.90%

Stock Price Statistics

The stock price has decreased by -14.97% in the last 52 weeks. The beta is 0.98, so Fortinet's price volatility has been similar to the market average.

Beta (1Y) 0.98
52-Week Price Change -14.97%
50-Day Moving Average 62.17
200-Day Moving Average 61.33
Relative Strength Index (RSI) 50.91
Average Volume (30 Days) 5,165,295

Short Selling Information

The latest short interest is 16.61 million, so 2.17% of the outstanding shares have been sold short.

Short Interest 16.61M
Short Previous Month 12.76M
Short % of Shares Out 2.17%
Short % of Float 2.59%
Short Ratio (days to cover) 2.04

Income Statement

In the last 12 months, Fortinet had revenue of $5.40 billion and earned $1.20 billion in profits. Earnings per share was $1.54.

Revenue 5.40B
Gross Profit 4.16B
Operating Income 1.29B
Pretax Income 1.36B
Net Income 1.20B
EBITDA 1.50B
EBIT 1.38B
Earnings Per Share (EPS) $1.54
Full Income Statement

Balance Sheet

The company has $3.02 billion in cash and $992.80 million in debt, giving a net cash position of $2.03 billion or $2.66 per share.

Cash & Cash Equivalents 3.02B
Total Debt 992.80M
Net Cash 2.03B
Net Cash Per Share $2.66
Equity / Book Value -137.50M
Book Value Per Share -0.18
Working Capital 759.30M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $2.09 billion and capital expenditures -$395.70 million, giving a free cash flow of $1.69 billion.

Operating Cash Flow 2.09B
Capital Expenditures -395.70M
Free Cash Flow 1.69B
FCF Per Share $2.22
Full Cash Flow Statement

Margins

Gross margin is 77.13%, with operating and profit margins of 23.89% and 22.23%.

Gross Margin 77.13%
Operating Margin 23.89%
Pretax Margin 25.23%
Profit Margin 22.23%
EBITDA Margin 27.74%
EBIT Margin 25.62%
FCF Margin 31.37%

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 2.89%
Shareholder Yield 2.89%
Earnings Yield 2.58%
FCF Yield 3.65%
Dividend Details

Analyst Forecast

The average price target for Fortinet is $69.14, which is 13.76% higher than the current price. The consensus rating is "Hold".

Price Target $69.14
Price Target Difference 13.76%
Analyst Consensus Hold
Analyst Count 32
Revenue Growth Forecast (5Y) 15.04%
EPS Growth Forecast (5Y) 19.43%
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 4.7 and a Piotroski F-Score of 6.

Altman Z-Score 4.7
Piotroski F-Score 6