Fortinet Inc. (FTNT)
Fortinet Statistics
Share Statistics
Fortinet has 768.97M shares outstanding. The number of shares has increased by 0.45% in one year.
| Shares Outstanding | 768.97M |
| Shares Change (YoY) | 0.45% |
| Shares Change (QoQ) | 0.2% |
| Owned by Institutions (%) | 66.51% |
| Shares Floating | 638.44M |
| Failed to Deliver (FTD) Shares | 5.95K |
| FTD / Avg. Volume | 0.13% |
Short Selling Information
The latest short interest is 14.99M, so 1.96% of the outstanding shares have been sold short.
| Short Interest | 14.99M |
| Short % of Shares Out | 1.96% |
| Short % of Float | 2.37% |
| Short Ratio (days to cover) | 3.59 |
Valuation Ratios
The PE ratio is 41.38 and the forward PE ratio is 41.21. Fortinet's PEG ratio is 0.75.
| PE Ratio | 41.38 |
| Forward PE | 41.21 |
| PS Ratio | 12.13 |
| Forward PS | 6.6 |
| PB Ratio | 48.35 |
| P/FCF Ratio | 38.43 |
| PEG Ratio | 0.75 |
Enterprise Valuation
Fortinet Inc. has an Enterprise Value (EV) of 45.24B.
| EV / Earnings | 25.93 |
| EV / Sales | 7.6 |
| EV / EBITDA | 25.09 |
| EV / EBIT | 25.09 |
| EV / FCF | 24.08 |
Financial Position
The company has a current ratio of 1.47, with a Debt / Equity ratio of 0.67.
| Current Ratio | 1.47 |
| Quick Ratio | 1.39 |
| Debt / Equity | 0.67 |
| Total Debt / Capitalization | 39.96 |
| Cash Flow / Debt | 2.27 |
| Interest Coverage | 90.17 |
Financial Efficiency
Return on equity (ROE) is 1.17% and return on capital (ROIC) is 62.48%.
| Return on Equity (ROE) | 1.17% |
| Return on Assets (ROA) | 0.18% |
| Return on Capital (ROIC) | 62.48% |
| Revenue Per Employee | $421,261.85 |
| Profits Per Employee | $123,440.37 |
| Employee Count | 14,138 |
| Asset Turnover | 0.61 |
| Inventory Turnover | 3.67 |
Taxes
| Income Tax | 283.9M |
| Effective Tax Rate | 0.14 |
Stock Price Statistics
The stock price has increased by 42.84% in the last 52 weeks. The beta is 0.97, so Fortinet's price volatility has been higher than the market average.
| Beta | 0.97 |
| 52-Week Price Change | 42.84% |
| 50-Day Moving Average | 101.95 |
| 200-Day Moving Average | 82.52 |
| Relative Strength Index (RSI) | 38.75 |
| Average Volume (20 Days) | 4.62M |
Income Statement
In the last 12 months, Fortinet had revenue of 5.96B and earned 1.75B in profits. Earnings per share was 2.28.
| Revenue | 5.96B |
| Gross Profit | 4.8B |
| Operating Income | 1.8B |
| Net Income | 1.75B |
| EBITDA | 1.8B |
| EBIT | 1.8B |
| Earnings Per Share (EPS) | 2.28 |
Balance Sheet
The company has 2.88B in cash and 994.3M in debt, giving a net cash position of 1.88B.
| Cash & Cash Equivalents | 2.88B |
| Total Debt | 994.3M |
| Net Cash | 1.88B |
| Retained Earnings | -117.1M |
| Total Assets | 9.76B |
| Working Capital | 1.91B |
Cash Flow
In the last 12 months, operating cash flow was 2.26B and capital expenditures -378.9M, giving a free cash flow of 1.88B.
| Operating Cash Flow | 2.26B |
| Capital Expenditures | -378.9M |
| Free Cash Flow | 1.88B |
| FCF Per Share | 2.46 |
Margins
Gross margin is 80.56%, with operating and profit margins of 30.28% and 29.3%.
| Gross Margin | 80.56% |
| Operating Margin | 30.28% |
| Pretax Margin | 34.56% |
| Profit Margin | 29.3% |
| EBITDA Margin | 30.28% |
| EBIT Margin | 30.28% |
| FCF Margin | 31.55% |
Dividends & Yields
FTNT does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Dividend Growth (YoY) | n/a |
| Payout Ratio | n/a |
| Earnings Yield | 2.35% |
| FCF Yield | 2.52% |
Analyst Forecast
The average price target for FTNT is $105, which is 8.4% higher than the current price. The consensus rating is "Hold".
| Price Target | $105 |
| Price Target Difference | 8.4% |
| Analyst Consensus | Hold |
| Analyst Count | 29 |
Stock Splits
The last stock split was on Jun 22, 2022. It was a forward split with a ratio of 5:1.
| Last Split Date | Jun 22, 2022 |
| Split Type | forward |
| Split Ratio | 5:1 |
Scores
| Altman Z-Score | 6.86 |
| Piotroski F-Score | 6 |