Fortinet Statistics
Total Valuation
Fortinet has a market cap or net worth of $45.32 billion. The enterprise value is $43.29 billion.
| Market Cap | 45.32B |
| Enterprise Value | 43.29B |
Important Dates
The last earnings date was Thursday, May 2, 2024, after market close.
| Earnings Date | May 2, 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 (%) | 70.36% |
| Float | 641.94M |
Valuation Ratios
The trailing PE ratio is 38.52 and the forward PE ratio is 33.31. Fortinet's PEG ratio is 1.79.
| PE Ratio | 38.52 |
| Forward PE | 33.31 |
| PS Ratio | 8.40 |
| Forward PS | 7.44 |
| PB Ratio | n/a |
| P/FCF Ratio | 26.77 |
| PEG Ratio | 1.79 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 28.92, with an EV/FCF ratio of 25.57.
| EV / Earnings | 36.09 |
| EV / Sales | 8.02 |
| EV / EBITDA | 28.92 |
| EV / EBIT | 31.31 |
| EV / FCF | 25.57 |
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 -13.19% in the last 52 weeks. The beta is 1.09, so Fortinet's price volatility has been similar to the market average.
| Beta (1Y) | 1.09 |
| 52-Week Price Change | -13.19% |
| 50-Day Moving Average | 63.91 |
| 200-Day Moving Average | 61.27 |
| Relative Strength Index (RSI) | 41.59 |
| Average Volume (30 Days) | 5,192,984 |
Short Selling Information
The latest short interest is 12.76 million, so 1.67% of the outstanding shares have been sold short.
| Short Interest | 12.76M |
| Short Previous Month | 16.14M |
| Short % of Shares Out | 1.67% |
| Short % of Float | 1.99% |
| 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 |
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 |
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 |
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 | 2.65% |
| FCF Yield | 3.74% |
Analyst Forecast
The average price target for Fortinet is $69.14, which is 16.55% higher than the current price. The consensus rating is "Hold".
| Price Target | $69.14 |
| Price Target Difference | 16.55% |
| Analyst Consensus | Hold |
| Analyst Count | 32 |
| Revenue Growth Forecast (5Y) | 15.04% |
| EPS Growth Forecast (5Y) | 19.43% |
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 4.62 and a Piotroski F-Score of 6.
| Altman Z-Score | 4.62 |
| Piotroski F-Score | 6 |