Fortinet Free Cash Flow vs Enterprise Value Analysis
| FTNT Stock | USD 65.45 0.65 1.00% |
Fortinet financial indicator trend analysis is much more than just examining Fortinet latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortinet is a good investment. Please check the relationship between Fortinet Free Cash Flow and its Enterprise Value accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.
Free Cash Flow vs Enterprise Value
Free Cash Flow vs Enterprise Value Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortinet Free Cash Flow account and Enterprise Value. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Fortinet's Free Cash Flow and Enterprise Value is -0.69. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Enterprise Value in the same time period over historical financial statements of Fortinet, assuming nothing else is changed. The correlation between historical values of Fortinet's Free Cash Flow and Enterprise Value is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Fortinet are associated (or correlated) with its Enterprise Value. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Enterprise Value has no effect on the direction of Free Cash Flow i.e., Fortinet's Free Cash Flow and Enterprise Value go up and down completely randomly.
Correlation Coefficient | -0.69 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Enterprise Value
Enterprise Value (or EV) is usually referred to as Fortinet theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Fortinet debt, but would also pocket its cash. Enterprise Value is more accurate representation of Fortinet value than its market capitalization because it takes into account all of Fortinet existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Most indicators from Fortinet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortinet current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.At this time, Fortinet's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.07 in 2024, whereas Tax Provision is likely to drop slightly above 29.3 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 14.9M | 18M | 21M | 13.6M | Depreciation And Amortization | 77.3M | 108.2M | 379.7M | 398.7M |
Fortinet fundamental ratios Correlations
Click cells to compare fundamentals
Fortinet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fortinet fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 875M | 838.5M | 835.5M | 805.3M | 788.2M | 858.4M | |
| Total Assets | 3.9B | 4.0B | 5.9B | 6.2B | 7.3B | 7.6B | |
| Other Current Liab | 188.1M | 276M | 366M | 452.5M | 632.6M | 664.2M | |
| Total Current Liabilities | 1.5B | 1.8B | 2.3B | 3.1B | 3.7B | 3.9B | |
| Total Stockholder Equity | 1.3B | 856M | 781.7M | (281.6M) | (463.4M) | (440.2M) | |
| Other Liab | 1.1B | 1.4B | 1.8B | 2.4B | 2.7B | 2.9B | |
| Property Plant And Equipment Net | 344.3M | 448M | 687.6M | 898.5M | 1.1B | 1.2B | |
| Current Deferred Revenue | 1.2B | 1.4B | 1.8B | 2.3B | 2.8B | 3.0B | |
| Net Debt | (1.2B) | (1.0B) | (330.7M) | (692.5M) | (326.5M) | (342.8M) | |
| Retained Earnings | 140.3M | (352.1M) | (467.9M) | (1.5B) | (1.9B) | (1.8B) | |
| Accounts Payable | 96.4M | 141.6M | 148.4M | 243.4M | 204.3M | 214.5M | |
| Cash | 1.2B | 1.1B | 1.3B | 1.7B | 1.4B | 703.1M | |
| Non Current Assets Total | 1.1B | 1.3B | 2.3B | 2.4B | 2.8B | 3.0B | |
| Non Currrent Assets Other | 297M | 368M | 659.1M | 720.2M | 637.4M | 669.3M | |
| Other Assets | 480M | 732M | 1.0B | 1.2B | 1.0 | 0.95 | |
| Cash And Short Term Investments | 2.1B | 1.8B | 2.6B | 2.2B | 2.4B | 2.6B | |
| Net Receivables | 544.3M | 720M | 807.7M | 1.3B | 1.4B | 1.5B | |
| Short Term Investments | 843.1M | 775.5M | 1.2B | 528.1M | 1.0B | 1.1B | |
| Liabilities And Stockholders Equity | 3.9B | 4.0B | 5.9B | 6.2B | 7.3B | 7.6B | |
| Non Current Liabilities Total | 1.1B | 1.4B | 2.8B | 3.4B | 4.0B | 4.2B | |
| Inventory | 117.9M | 139.8M | 175.8M | 264.6M | 484.8M | 509.0M | |
| Other Current Assets | 41.2M | 43.3M | 65.4M | 73.1M | 101.1M | 106.2M | |
| Other Stockholder Equity | 1.2B | 1.2B | 1.3B | 1.3B | 1.4B | 778.4M | |
| Total Liab | 2.6B | 3.2B | 5.1B | 6.5B | 7.7B | 8.1B | |
| Property Plant And Equipment Gross | 344.3M | 448M | 687.6M | 898.5M | 1.4B | 1.5B | |
| Total Current Assets | 2.8B | 2.7B | 3.6B | 3.8B | 4.4B | 4.6B | |
| Accumulated Other Comprehensive Income | 1.1M | 700K | (4.8M) | (20.2M) | (18.9M) | (18.0M) | |
| Short Term Debt | 15.5M | 19.1M | 26.3M | 33.2M | 33.4M | 20.5M | |
| Property Plant Equipment | 344.3M | 448M | 687.6M | 898.5M | 1.0B | 1.1B | |
| Intangible Assets | 31.1M | 31.6M | 63.6M | 56M | 35.3M | 24.6M | |
| Net Tangible Assets | 1.2B | 731.4M | 593M | (281.6M) | (253.4M) | (240.8M) | |
| Retained Earnings Total Equity | 140.3M | (352.1M) | (467.9M) | (1.5B) | (1.4B) | (1.3B) | |
| Capital Surpluse | 1.2B | 1.2B | 1.3B | 1.3B | 1.5B | 973.4M | |
| Deferred Long Term Liab | 962.3M | 1.2B | 423.3M | 2.3B | 2.6B | 2.8B | |
| Long Term Investments | 67M | 144.3M | 118.3M | 440.8M | 45.5M | 0.0 | |
| Non Current Liabilities Other | 127.7M | 146.5M | 59.2M | 82M | 124.7M | 92.3M |
Fortinet Investors Sentiment
The influence of Fortinet's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Fortinet. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Fortinet's public news can be used to forecast risks associated with an investment in Fortinet. The trend in average sentiment can be used to explain how an investor holding Fortinet can time the market purely based on public headlines and social activities around Fortinet. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Fortinet's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Fortinet's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Fortinet's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Fortinet.
Fortinet Implied Volatility | 47.64 |
Fortinet's implied volatility exposes the market's sentiment of Fortinet stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Fortinet's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Fortinet stock will not fluctuate a lot when Fortinet's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Fortinet in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Fortinet's short interest history, or implied volatility extrapolated from Fortinet options trading.
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Complementary Tools for Fortinet Stock analysis
When running Fortinet's price analysis, check to measure Fortinet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortinet is operating at the current time. Most of Fortinet's value examination focuses on studying past and present price action to predict the probability of Fortinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortinet's price. Additionally, you may evaluate how the addition of Fortinet to your portfolios can decrease your overall portfolio volatility.
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Is Fortinet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortinet. If investors know Fortinet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortinet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.035 | Earnings Share 1.46 | Revenue Per Share 6.813 | Quarterly Revenue Growth 0.103 | Return On Assets 0.1146 |
The market value of Fortinet is measured differently than its book value, which is the value of Fortinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fortinet's value that differs from its market value or its book value, called intrinsic value, which is Fortinet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortinet's market value can be influenced by many factors that don't directly affect Fortinet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fortinet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortinet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortinet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.