Added to YB: 2025-01-22
Pitch date: 2025-01-20
FET [bullish]
Forum Energy Technologies, Inc.
+77.17%
current return
Author Info
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
$19.49
Price Target
81.58 (+136%)
Dividend
N/A
EV/EBITDA
7.63
P/E
-3.19
EV/Sales
0.68
Sector
Energy Equipment and Services
Category
growth
Razorblades in the Oilfields: Forum Energy Technologies $FET
FET: Consumables for drilling/fracking. Capital-light model, 0.29x P/S, 0.53x P/B. 21-25% 2025 FCF yield. 15% annual rev growth guided. Expanding laterals boost revenue despite falling rig count. PT $81.58 by 2026. Risks: aggressive M&A strategy, debt. Upside: multiple re-rating to 1-1.5x P/S.
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