Designs and manufactures products for the oil, natural gas, industrial, and renewable energy industries. Provides drilling and downhole equipment and services. Now — the numbers.
Revenue is spread across several lines; no single product carries the company.
The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.
At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.
This company is not turning a profit, so the market is pricing its sales instead: 1.2× for every dollar of annual revenue.
Against companies in its own sector, it looks cheaper than 31% of them.
No analyst target is on record for this company.
We compared this company with its own sector across five subjects.
A score of 50 means class average.
Clearly below the class average.
Clearly below the class average.
Clearly below the class average.
Clearly above the class average — a step short of the very top.
The stock has been running stronger than the market lately.
Valuation: The stock trades at a price that looks expensive next to its earnings; that can cap future returns.
Financial Strength: The cash-and-debt balance is thin; the buffer for hard times is slim.
The stock trades near its peak today. For long-term holders the ride has paid off so far — though past performance guarantees nothing about the future.
Over the last 4 years, sales grew about 10% a year on average.
A loss of $9.7M against $791.5M in annual sales. And on top of that, sales fell from the year before.
Today’s price already includes part of tomorrow’s optimism. Report-card grade: 31/100.
The balance sheet offers little cushion against a rough stretch. Report-card grade: 45/100.
On our five-subject report card, FET sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”
The takeaway: FET has solid sales but closed last year at a loss. The road back to profit runs through spending discipline.
The total grade weighs these five subjects against the sector — it isn’t a simple average of the five.