FormFactor, Inc. (FORM)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 694 | 770 | 748 | 663 | 764 | 785 | 902 | 1,033 |
| Operating profit | $m | 64 | 152 | ||||||
| Net profit | $m | 79 | 84 | 51 | 82 | 70 | 54 | 115 | 238 |
| EPS reported | $ | 0.69 | 1.45 | ||||||
| Operating cashflow per share | $ | 1.49 | 2.31 | ||||||
| Capex per share | $ | 1.34 | 0.56 | ||||||
| FCF per share | $ | 0.15 | 1.75 | ||||||
| Free cash flow | $m | 12 | 136 | ||||||
| Net debt | $m | -244 | -334 | ||||||
| Book value equity | $m | 1,035 | 1,111 | ||||||
| Book value per share | $ | 13.22 | 13.97 | ||||||
| Number of shares | m | 78.31 | 79.55 | ||||||
| DPS (TTM paid) | $ | 0.00 | 0.00 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 84.14 | 89.44 | ||||||
| P/B LTM | x | 4.34 | 4.04 | ||||||
| P/S LTM | x | 5.72 | 4.98 | ||||||
| P/FCF LTM | x | 382.52 | 32.99 | ||||||
| EV/EBITDA LTM | x | 38.60 | 25.87 | ||||||
| EV/Sales LTM | x | 5.65 | 11.28 | ||||||
| Earnings Yield LTM | % | +1.19% | +1.12% | ||||||
| FCF Yield | % | +0.26% | +3.03% | ||||||
| Quality | |||||||||
| ROE | % | +5.25% | +10.96% | ||||||
| ROIC | % | +4.67% | +11.16% | ||||||
| Operating margin | % | +8.18% | +16.86% | ||||||
| Gross margin | % | +39.14% | +45.64% | ||||||
| FCF/Sales | % | +1.50% | +15.09% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -22.47% | +62.92% | ||||||
| Sales Growth YoY | % | +2.80% | +18.15% | ||||||
| Net Income Growth YoY | % | -21.91% | +65.86% | ||||||
| FCF Growth | % | -85.16% | +72.09% | ||||||
| Operating Profit Growth | % | -0.86% | +134.84% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.00% | 0.00% | ||||||
| Dividend Growth | % | - | - | ||||||
| Payout Ratio | % | 0.00% | 0.00% | ||||||
| FCF/Debt | x | 0.26 | 4.55 | ||||||
| Net Debt/EBITDA | x | -0.51 | -0.47 | ||||||
| EBIT/Net interest | x | 123.26 | 460.99 | ||||||
| Net debt/market cap | % | +0.72% | +0.19% | ||||||
| Net debt/Equity | x | -0.24 | -0.30 | ||||||
| Gross debt/equity | x | 0.04 | 0.03 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
FormFactor, Inc., established in Livermore, California in 1993, specializes in the design, manufacturing, and global distribution of advanced test and measurement solutions for the semiconductor industry. The company primarily caters to semiconductor manufacturers and research institutions, operating through two main divisions: Probe Cards and Systems. Within the Probe Cards segment, FormFactor supplies crucial components designed to verify the functionality of a wide array of integrated circuits. These include complex system-on-chip (SoC) products, processors for mobile applications, microcontrollers, graphics processors, and various memory devices such as dynamic random-access memory (DRAM) and NAND/NOR flash. Additionally, their probe cards support the testing of radio frequency (RF), analog, mixed-signal, image sensor, and electro-optical devices. The Systems division encompasses several specialized product lines. For instance, analytical probes are instrumental in applications such as device characterization, developing electrical simulation models, conducting failure analysis, and debugging prototype designs. These probes serve a diverse clientele including universities, research facilities, integrated device manufacturers (IDMs), semiconductor foundries, and fabless semiconductor companies. Furthermore, FormFactor provides probing systems that enable semiconductor design engineers to accurately capture and analyze critical data. They also offer surface metrology systems vital for product development, manufacturing, and quality assurance in semiconductor production. The company's thermal subsystems, such as thermal chucks, are incorporated into probe stations and other testing environments. Completing their portfolio are precision cryogenic instruments and associated test and measurement systems for semiconductors. Beyond hardware, FormFactor delivers comprehensive support services, including on-site maintenance for probe cards, specialized training programs, educational seminars, and telephone assistance. The company leverages a multi-channel sales strategy, utilizing a direct sales force, manufacturers' representatives, and independent distributors to market its offerings across major global markets. Its operational footprint spans the United States, Taiwan, South Korea, China, Japan, Europe, the broader Asia-Pacific region, and various other international territories.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
FormFactor, Inc., established in Livermore, California in 1993, specializes in the design, manufacturing, and global distribution of advanced test and measurement solutions for the semiconductor industry. The company primarily caters to semiconductor manufacturers and research institutions, operating through two main divisions: Probe Cards and Systems. Within the Probe Cards segment, FormFactor supplies crucial components designed to verify the functionality of a wide array of integrated circuits. These include complex system-on-chip (SoC) products, processors for mobile applications, microcontrollers, graphics processors, and various memory devices such as dynamic random-access memory (DRAM) and NAND/NOR flash. Additionally, their probe cards support the testing of radio frequency (RF), analog, mixed-signal, image sensor, and electro-optical devices. The Systems division encompasses several specialized product lines. For instance, analytical probes are instrumental in applications such as device characterization, developing electrical simulation models, conducting failure analysis, and debugging prototype designs. These probes serve a diverse clientele including universities, research facilities, integrated device manufacturers (IDMs), semiconductor foundries, and fabless semiconductor companies. Furthermore, FormFactor provides probing systems that enable semiconductor design engineers to accurately capture and analyze critical data. They also offer surface metrology systems vital for product development, manufacturing, and quality assurance in semiconductor production. The company's thermal subsystems, such as thermal chucks, are incorporated into probe stations and other testing environments. Completing their portfolio are precision cryogenic instruments and associated test and measurement systems for semiconductors. Beyond hardware, FormFactor delivers comprehensive support services, including on-site maintenance for probe cards, specialized training programs, educational seminars, and telephone assistance. The company leverages a multi-channel sales strategy, utilizing a direct sales force, manufacturers' representatives, and independent distributors to market its offerings across major global markets. Its operational footprint spans the United States, Taiwan, South Korea, China, Japan, Europe, the broader Asia-Pacific region, and various other international territories.
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