Added to YB: 2025-01-08
Pitch date: 2024-11-22
FET [bullish]
Forum Energy Technologies, Inc.
+126.13%
current return
Author Info
No bio for this author
Company Info
Forum Energy Technologies, Inc. designs, manufactures, and supplies products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally.
Market Cap
$343.3M
Pitch Price
$15.27
Price Target
40.00 (+16%)
Dividend
N/A
EV/EBITDA
7.63
P/E
-3.19
EV/Sales
0.68
Sector
Energy Equipment and Services
Category
growth
Forum Energy Technologies, Inc. - $FET
FET: Energy equipment provider, post-bankruptcy recovery. 30%+ FCF yield in 2024 ($5/share), growing to ~50% by 2026. Deleveraged from 10x to 1.9x. Recent refinancing enables significant stock buybacks. Growing revenue per rig offsets declining rig count. Conservative rig count assumptions. Catalysts: share repurchases, earnings growth. PT $40.
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