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Pre-market 13:32:00 | |||
| 87.82 USD | +2.68% |
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87.92 | +0.11% |
| 02-09 | BMO Capital Adjusts Price Target on Fortinet to $95 From $90, Maintains Market Perform Rating | MT |
| 02-09 | Susquehanna Adjusts Price Target on Fortinet to $90 From $80, Maintains Neutral Rating | MT |
| Fiscal Period: December | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
Profitability | ||||||||||
Return on Assets | 7.76 | 8.1 | 9.93 | 11.46 | 13.21 | |||||
Return on Total Capital | 26.75 | 29.22 | 45.38 | 109.42 | 70.81 | |||||
Return On Equity % | 44.44 | 73.34 | 331.5 | -308.13 | 338.74 | |||||
Return on Common Equity | 44.44 | 74.1 | 342.85 | -308.13 | 338.74 | |||||
Margin Analysis | ||||||||||
Gross Profit Margin % | 78.03 | 76.57 | 75.44 | 76.68 | 80.56 | |||||
SG&A Margin | 45.92 | 44.56 | 42 | 41.8 | 38.33 | |||||
EBITDA Margin % | 21.6 | 21.85 | 24.21 | 25.45 | 32.26 | |||||
EBITA Margin % | 19.46 | 19.88 | 22.37 | 23.67 | 30.59 | |||||
EBIT Margin % | 18.95 | 19.32 | 21.85 | 23.31 | 30.2 | |||||
Income From Continuing Operations Margin % | 18.83 | 18.15 | 19.39 | 21.64 | 29.3 | |||||
Net Income Margin % | 18.83 | 18.16 | 19.41 | 21.64 | 29.3 | |||||
Net Avail. For Common Margin % | 18.83 | 18.16 | 19.41 | 21.64 | 29.3 | |||||
Normalized Net Income Margin | 12.18 | 11.62 | 12.69 | 15.21 | 20.41 | |||||
Levered Free Cash Flow Margin | 28.98 | 27.09 | 24.02 | 27.12 | 30.81 | |||||
Unlevered Free Cash Flow Margin | 28.98 | 27.37 | 24.27 | 27.37 | 31.02 | |||||
Asset Turnover | ||||||||||
Asset Turnover | 0.65 | 0.67 | 0.73 | 0.79 | 0.7 | |||||
Fixed Assets Turnover | 5.86 | 5.35 | 5.06 | 5.02 | 4.69 | |||||
Receivables Turnover (Average Receivables) | 4.1 | 4.38 | 4.27 | 3.98 | 4.16 | |||||
Inventory Turnover (Average Inventory) | 4.42 | 4.96 | 4.93 | 3.3 | 2.89 | |||||
Short Term Liquidity | ||||||||||
Current Ratio | 1.5 | 1.55 | 1.24 | 1.19 | 1.47 | |||||
Quick Ratio | 1.4 | 1.45 | 1.13 | 1.03 | 1.36 | |||||
Operating Cash Flow to Current Liabilities | 0.59 | 0.65 | 0.56 | 0.52 | 0.56 | |||||
Days Sales Outstanding (Average Receivables) | 89.18 | 83.42 | 85.49 | 91.64 | 88.04 | |||||
Days Outstanding Inventory (Average Inventory) | 82.74 | 73.56 | 74.08 | 110.54 | 126.52 | |||||
Average Days Payable Outstanding | 73.58 | 64.62 | 60.92 | 56.06 | 73.18 | |||||
Cash Conversion Cycle (Average Days) | 98.33 | 92.36 | 98.66 | 146.12 | 141.38 | |||||
Long Term Solvency | ||||||||||
Total Debt/Equity | 6.2 | 132.16 | -385.69 | -231.2 | 71.86 | |||||
Total Debt / Total Capital | 5.84 | 56.93 | 135 | 176.22 | 41.81 | |||||
LT Debt/Equity | 3.97 | 128.87 | -373.9 | -224 | 69.67 | |||||
Long-Term Debt / Total Capital | 3.74 | 55.51 | 130.88 | 170.72 | 40.54 | |||||
Total Liabilities / Total Assets | 78.84 | 86.51 | 104.52 | 106.38 | 84.7 | |||||
EBIT / Interest Expense | - | 43.34 | 53.61 | 58.88 | 89.94 | |||||
EBITDA / Interest Expense | - | 51.24 | 61.98 | 67.05 | 99.18 | |||||
(EBITDA - Capex) / Interest Expense | - | 31.38 | 46.36 | 57.33 | 80.24 | |||||
Total Debt / EBITDA | 0.09 | 1.38 | 0.97 | 0.76 | 0.54 | |||||
Net Debt / EBITDA | -3.05 | -1.96 | -1.01 | -0.97 | -1.51 | |||||
Total Debt / (EBITDA - Capex) | 0.12 | 2.26 | 1.3 | 0.89 | 0.67 | |||||
Net Debt / (EBITDA - Capex) | -3.89 | -3.2 | -1.35 | -1.14 | -1.87 | |||||
Growth Over Prior Year | ||||||||||
Total Revenues, 1 Yr. Growth % | 19.94 | 28.82 | 32.17 | 20.09 | 12.27 | |||||
Gross Profit, 1 Yr. Growth % | 22.17 | 26.42 | 30.22 | 22.06 | 17.96 | |||||
EBITDA, 1 Yr. Growth % | 35.82 | 30.3 | 46.44 | 26.24 | 42.35 | |||||
EBITA, 1 Yr. Growth % | 39.51 | 31.57 | 48.77 | 27.03 | 45.12 | |||||
EBIT, 1 Yr. Growth % | 40.06 | 31.37 | 49.43 | 28.13 | 45.48 | |||||
Earnings From Cont. Operations, 1 Yr. Growth % | 47.27 | 24.2 | 41.19 | 33.99 | 52.05 | |||||
Net Income, 1 Yr. Growth % | 47.27 | 24.22 | 41.28 | 33.89 | 52.05 | |||||
Normalized Net Income, 1 Yr. Growth % | 29.76 | 22.87 | 44.34 | 43.97 | 50.58 | |||||
Diluted EPS Before Extra, 1 Yr. Growth % | 53.16 | 24.74 | 45.21 | 37.74 | 54.79 | |||||
Accounts Receivable, 1 Yr. Growth % | 32.28 | 12.18 | 56.21 | 11.12 | 4.38 | |||||
Inventory, 1 Yr. Growth % | 18.58 | 25.75 | 50.51 | 83.22 | -34.92 | |||||
Net Property, Plant and Equip., 1 Yr. Growth % | 27.97 | 51.36 | 32.16 | 12.63 | 26.89 | |||||
Total Assets, 1 Yr. Growth % | 4.26 | 46.35 | 5.22 | 16.55 | 34.5 | |||||
Tangible Book Value, 1 Yr. Growth % | -41.21 | -18.92 | -178.52 | 34.28 | -282.89 | |||||
Common Equity, 1 Yr. Growth % | -36.23 | -8.68 | -136.02 | 64.56 | -422.36 | |||||
Cash From Operations, 1 Yr. Growth % | 34.12 | 38.39 | 15.4 | 11.84 | 16.67 | |||||
Capital Expenditures, 1 Yr. Growth % | 36.55 | 135.03 | -4.97 | -27.42 | 85.64 | |||||
Levered Free Cash Flow, 1 Yr. Growth % | 43.85 | 20.45 | 17.17 | 35.61 | 27.53 | |||||
Unlevered Free Cash Flow, 1 Yr. Growth % | 43.85 | 21.69 | 17.21 | 35.41 | 27.24 | |||||
Compound Annual Growth Rate Over Two Years | ||||||||||
Total Revenues, 2 Yr. CAGR % | 19.9 | 24.3 | 30.49 | 25.98 | 16.11 | |||||
Gross Profit, 2 Yr. CAGR % | 22.27 | 24.27 | 28.3 | 26.07 | 19.99 | |||||
EBITDA, 2 Yr. CAGR % | 38.99 | 33.03 | 38.13 | 35.97 | 34.05 | |||||
EBITA, 2 Yr. CAGR % | 44.03 | 35.48 | 39.91 | 37.47 | 35.77 | |||||
EBIT, 2 Yr. CAGR % | 44.82 | 35.64 | 40.11 | 38.37 | 36.53 | |||||
Earnings From Cont. Operations, 2 Yr. CAGR % | 20.77 | 35.24 | 32.42 | 37.55 | 42.74 | |||||
Net Income, 2 Yr. CAGR % | 20.77 | 35.25 | 32.48 | 37.53 | 42.68 | |||||
Normalized Net Income, 2 Yr. CAGR % | 41.65 | 26.89 | 33.74 | 44.75 | 47.24 | |||||
Diluted EPS Before Extra, 2 Yr. CAGR % | 23.11 | 38.22 | 35.19 | 41.42 | 46.02 | |||||
Accounts Receivable, 2 Yr. CAGR % | 27.27 | 21.82 | 32.38 | 31.75 | 7.7 | |||||
Inventory, 2 Yr. CAGR % | 24.63 | 22.11 | 37.58 | 66.06 | 9.2 | |||||
Net Property, Plant and Equip., 2 Yr. CAGR % | 35.36 | 39.17 | 41.44 | 22 | 19.55 | |||||
Total Assets, 2 Yr. CAGR % | 14.63 | 23.53 | 24.09 | 10.74 | 25.2 | |||||
Tangible Book Value, 2 Yr. CAGR % | -12.25 | -30.96 | -20.21 | 2.68 | 56.71 | |||||
Common Equity, 2 Yr. CAGR % | -7.95 | -23.69 | -42.64 | -23.01 | 130.32 | |||||
Cash From Operations, 2 Yr. CAGR % | 30.24 | 36.24 | 26.37 | 13.6 | 14.23 | |||||
Capital Expenditures, 2 Yr. CAGR % | 54.13 | 79.15 | 49.45 | -16.95 | 16.08 | |||||
Levered Free Cash Flow, 2 Yr. CAGR % | 19.5 | 31.64 | 18.8 | 26.05 | 31.51 | |||||
Unlevered Free Cash Flow, 2 Yr. CAGR % | 19.5 | 32.31 | 19.43 | 25.98 | 31.26 | |||||
Compound Annual Growth Rate Over Three Years | ||||||||||
Total Revenues, 3 Yr. CAGR % | 20.17 | 22.81 | 26.87 | 26.92 | 21.24 | |||||
Gross Profit, 3 Yr. CAGR % | 22.19 | 23.63 | 26.22 | 26.19 | 23.31 | |||||
EBITDA, 3 Yr. CAGR % | 50.13 | 36.03 | 37.36 | 34.05 | 38.06 | |||||
EBITA, 3 Yr. CAGR % | 62.03 | 39.75 | 39.78 | 35.47 | 39.98 | |||||
EBIT, 3 Yr. CAGR % | 64.67 | 40.19 | 40.09 | 36 | 40.7 | |||||
Earnings From Cont. Operations, 3 Yr. CAGR % | 149.64 | 21.9 | 37.2 | 32.94 | 42.22 | |||||
Net Income, 3 Yr. CAGR % | 149.64 | 21.91 | 37.23 | 32.94 | 42.21 | |||||
Normalized Net Income, 3 Yr. CAGR % | 59.65 | 35.09 | 32.46 | 37.07 | 46.67 | |||||
Diluted EPS Before Extra, 3 Yr. CAGR % | 152.86 | 23.65 | 40.77 | 36.03 | 45.75 | |||||
Accounts Receivable, 3 Yr. CAGR % | 27.4 | 22.03 | 32.34 | 24.87 | 21.91 | |||||
Inventory, 3 Yr. CAGR % | 21.84 | 25 | 30.93 | 51.36 | 21.52 | |||||
Net Property, Plant and Equip., 3 Yr. CAGR % | 26.55 | 40.5 | 36.8 | 31.09 | 23.61 | |||||
Total Assets, 3 Yr. CAGR % | 21.45 | 24.35 | 17.09 | 21.53 | 18.15 | |||||
Tangible Book Value, 3 Yr. CAGR % | 9.41 | -14.53 | -27.94 | -5.1 | 24.47 | |||||
Common Equity, 3 Yr. CAGR % | 13.25 | -8.19 | -40.58 | -18.5 | 24.09 | |||||
Cash From Operations, 3 Yr. CAGR % | 22.16 | 32.9 | 28.9 | 21.33 | 14.62 | |||||
Capital Expenditures, 3 Yr. CAGR % | -2.37 | 77.4 | 45.02 | 17.47 | 8.59 | |||||
Levered Free Cash Flow, 3 Yr. CAGR % | 34.11 | 19.82 | 26.62 | 24.16 | 26.54 | |||||
Unlevered Free Cash Flow, 3 Yr. CAGR % | 34.11 | 20.23 | 27.07 | 24.53 | 26.4 | |||||
Compound Annual Growth Rate Over Five Years | ||||||||||
Total Revenues, 5 Yr. CAGR % | 20.78 | 21.25 | 24.2 | 24.07 | 22.46 | |||||
Gross Profit, 5 Yr. CAGR % | 22.88 | 22.24 | 24.6 | 24.6 | 23.69 | |||||
EBITDA, 5 Yr. CAGR % | 58.64 | 50.24 | 45.21 | 36 | 36.03 | |||||
EBITA, 5 Yr. CAGR % | 79.13 | 63.88 | 52.79 | 38.83 | 38.16 | |||||
EBIT, 5 Yr. CAGR % | 82.66 | 68.96 | 54.36 | 39.46 | 38.65 | |||||
Earnings From Cont. Operations, 5 Yr. CAGR % | 127.66 | 79.9 | 93.72 | 27.94 | 39.39 | |||||
Net Income, 5 Yr. CAGR % | 127.66 | 79.9 | 93.75 | 27.94 | 39.39 | |||||
Normalized Net Income, 5 Yr. CAGR % | 80.63 | 67.52 | 48.48 | 38.64 | 38.18 | |||||
Diluted EPS Before Extra, 5 Yr. CAGR % | 128.34 | 82.36 | 96.7 | 30.62 | 42.84 | |||||
Accounts Receivable, 5 Yr. CAGR % | 22.64 | 20.88 | 29.37 | 25.83 | 21.87 | |||||
Inventory, 5 Yr. CAGR % | 10.76 | 10.46 | 27.9 | 40.04 | 21.76 | |||||
Net Property, Plant and Equip., 5 Yr. CAGR % | 40.43 | 40.55 | 32.3 | 32.79 | 29.62 | |||||
Total Assets, 5 Yr. CAGR % | 17.7 | 22.57 | 22.5 | 18.72 | 20.27 | |||||
Tangible Book Value, 5 Yr. CAGR % | -0.04 | -5.77 | -3.57 | -8.03 | -1.67 | |||||
Common Equity, 5 Yr. CAGR % | 2.53 | -1.37 | -13.73 | -14.43 | 2.16 | |||||
Cash From Operations, 5 Yr. CAGR % | 30.85 | 34.11 | 23.83 | 24.82 | 22.82 | |||||
Capital Expenditures, 5 Yr. CAGR % | 27.51 | 34.51 | 15.76 | 30.95 | 32.67 | |||||
Levered Free Cash Flow, 5 Yr. CAGR % | 31.28 | 33.98 | 27.76 | 22.27 | 28.56 | |||||
Unlevered Free Cash Flow, 5 Yr. CAGR % | 31.28 | 34.25 | 28.03 | 22.5 | 28.73 |
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