Forum Net Income vs Ebitda Analysis

FET Stock

USD 14.89 0.11 0.74%

Forum Energy financial indicator trend analysis is much more than just examining Forum Energy Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forum Energy Technologies is a good investment. Please check the relationship between Forum Energy Net Income and its Ebitda accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forum Energy Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Net Income vs Ebitda

Net Income vs Ebitda Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forum Energy Technologies Net Income account and Ebitda. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Forum Energy's Net Income and Ebitda is 0.57. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Ebitda in the same time period over historical financial statements of Forum Energy Technologies, assuming nothing else is changed. The correlation between historical values of Forum Energy's Net Income and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Forum Energy Technologies are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Net Income i.e., Forum Energy's Net Income and Ebitda go up and down completely randomly.

Correlation Coefficient

0.57

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Forum Energy Technologies financial statement analysis. It represents the amount of money remaining after all of Forum Energy Technologies operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Ebitda

Most indicators from Forum Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forum Energy Technologies 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 Forum Energy Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

At this time, Forum Energy's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 6.85 in 2024, whereas Selling General Administrative is likely to drop slightly above 180 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	32M	31.5M	18.3M	28.0M
Depreciation And Amortization	42.2M	37.0M	34.7M	57.6M

Interest Expense Depreciation And Amortization

Forum Energy fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Common Stock Shares Outstanding		-0.25	-0.36	-0.3	0.06	-0.21	0.12	0.0	-0.33	-0.52	0.48	0.02	-0.33	-0.13	0.02	0.0	-0.43	-0.17	-0.36	0.09	-0.12	0.81	-0.28	0.74	0.01	-0.39
Total Assets	-0.25		0.76	0.49	0.51	0.97	0.68	0.39	0.6	0.89	0.33	0.24	0.97	0.18	0.24	0.68	0.94	0.84	0.82	0.83	0.59	-0.24	0.82	0.19	0.93	-0.3
Short Long Term Debt Total	-0.36	0.76		0.71	0.53	0.61	0.45	0.12	0.92	0.67	0.25	-0.04	0.77	0.09	-0.04	0.61	0.77	0.74	0.97	0.61	0.27	-0.38	0.96	-0.04	0.67	-0.27
Other Current Liab	-0.3	0.49	0.71		0.78	0.32	0.19	0.47	0.78	0.44	0.21	-0.37	0.48	0.27	-0.37	0.79	0.53	0.4	0.71	0.43	0.61	-0.43	0.81	-0.19	0.5	-0.12
Total Current Liabilities	0.06	0.51	0.53	0.78		0.38	0.23	0.62	0.67	0.37	0.67	-0.5	0.48	0.39	-0.5	0.92	0.49	0.42	0.49	0.57	0.64	-0.12	0.7	0.16	0.59	-0.05
Total Stockholder Equity	-0.21	0.97	0.61	0.32	0.38		0.68	0.39	0.41	0.88	0.28	0.36	0.94	0.18	0.36	0.57	0.91	0.79	0.68	0.79	0.58	-0.19	0.67	0.23	0.9	-0.26
Property Plant And Equipment Net	0.12	0.68	0.45	0.19	0.23	0.68		0.12	0.31	0.39	0.39	0.26	0.57	-0.03	0.26	0.4	0.52	0.79	0.56	0.87	0.32	0.27	0.53	0.54	0.78	-0.51
Current Deferred Revenue	0.0	0.39	0.12	0.47	0.62	0.39	0.12		0.18	0.34	0.16	-0.2	0.35	0.85	-0.2	0.54	0.39	0.22	0.12	0.44	0.78	-0.1	0.28	0.03	0.44	0.17
Net Debt	-0.33	0.6	0.92	0.78	0.67	0.41	0.31	0.18		0.51	0.33	-0.42	0.61	0.14	-0.42	0.71	0.62	0.56	0.87	0.54	0.31	-0.43	0.91	-0.05	0.51	-0.09
Retained Earnings	-0.52	0.89	0.67	0.44	0.37	0.88	0.39	0.34	0.51		0.01	0.22	0.94	0.2	0.22	0.52	0.97	0.71	0.71	0.53	0.54	-0.58	0.69	-0.04	0.73	-0.01
Accounts Payable	0.48	0.33	0.25	0.21	0.67	0.28	0.39	0.16	0.33	0.01		-0.27	0.24	-0.07	-0.27	0.63	0.15	0.33	0.23	0.57	0.17	0.42	0.38	0.49	0.46	-0.33
Cash	0.02	0.24	-0.04	-0.37	-0.5	0.36	0.26	-0.2	-0.42	0.22	-0.27		0.21	-0.16	1.0	-0.41	0.17	0.25	0.03	0.06	-0.17	0.2	-0.12	0.06	0.25	-0.38
Non Current Assets Total	-0.33	0.97	0.77	0.48	0.48	0.94	0.57	0.35	0.61	0.94	0.24	0.21		0.18	0.21	0.64	0.98	0.82	0.82	0.71	0.56	-0.33	0.82	0.09	0.88	-0.25
Non Currrent Assets Other	-0.13	0.18	0.09	0.27	0.39	0.18	-0.03	0.85	0.14	0.2	-0.07	-0.16	0.18		-0.16	0.19	0.24	0.15	0.02	0.26	0.41	-0.15	0.13	-0.1	0.19	0.39
Cash And Short Term Investments	0.02	0.24	-0.04	-0.37	-0.5	0.36	0.26	-0.2	-0.42	0.22	-0.27	1.0	0.21	-0.16		-0.41	0.17	0.25	0.03	0.06	-0.17	0.2	-0.12	0.06	0.25	-0.38
Net Receivables	0.0	0.68	0.61	0.79	0.92	0.57	0.4	0.54	0.71	0.52	0.63	-0.41	0.64	0.19	-0.41		0.63	0.5	0.63	0.67	0.76	-0.17	0.79	0.21	0.71	-0.18
Good Will	-0.43	0.94	0.77	0.53	0.49	0.91	0.52	0.39	0.62	0.97	0.15	0.17	0.98	0.24	0.17	0.63		0.82	0.81	0.67	0.59	-0.47	0.81	0.05	0.84	-0.13
Common Stock Total Equity	-0.17	0.84	0.74	0.4	0.42	0.79	0.79	0.22	0.56	0.71	0.33	0.25	0.82	0.15	0.25	0.5	0.82		0.79	0.83	0.34	-0.05	0.77	0.26	0.89	-0.41
Non Current Liabilities Total	-0.36	0.82	0.97	0.71	0.49	0.68	0.56	0.12	0.87	0.71	0.23	0.03	0.82	0.02	0.03	0.63	0.81	0.79		0.67	0.35	-0.34	0.97	-0.03	0.75	-0.4
Inventory	0.09	0.83	0.61	0.43	0.57	0.79	0.87	0.44	0.54	0.53	0.57	0.06	0.71	0.26	0.06	0.67	0.67	0.83	0.67		0.51	0.13	0.72	0.46	0.9	-0.39
Other Current Assets	-0.12	0.59	0.27	0.61	0.64	0.58	0.32	0.78	0.31	0.54	0.17	-0.17	0.56	0.41	-0.17	0.76	0.59	0.34	0.35	0.51		-0.23	0.47	0.09	0.63	0.02
Other Stockholder Equity	0.81	-0.24	-0.38	-0.43	-0.12	-0.19	0.27	-0.1	-0.43	-0.58	0.42	0.2	-0.33	-0.15	0.2	-0.17	-0.47	-0.05	-0.34	0.13	-0.23		-0.31	0.49	0.02	-0.55
Total Liab	-0.28	0.82	0.96	0.81	0.7	0.67	0.53	0.28	0.91	0.69	0.38	-0.12	0.82	0.13	-0.12	0.79	0.81	0.77	0.97	0.72	0.47	-0.31		0.02	0.79	-0.34
Property Plant And Equipment Gross	0.74	0.19	-0.04	-0.19	0.16	0.23	0.54	0.03	-0.05	-0.04	0.49	0.06	0.09	-0.1	0.06	0.21	0.05	0.26	-0.03	0.46	0.09	0.49	0.02		0.36	-0.22
Total Current Assets	0.01	0.93	0.67	0.5	0.59	0.9	0.78	0.44	0.51	0.73	0.46	0.25	0.88	0.19	0.25	0.71	0.84	0.89	0.75	0.9	0.63	0.02	0.79	0.36		-0.47
Short Term Debt	-0.39	-0.3	-0.27	-0.12	-0.05	-0.26	-0.51	0.17	-0.09	-0.01	-0.33	-0.38	-0.25	0.39	-0.38	-0.18	-0.13	-0.41	-0.4	-0.39	0.02	-0.55	-0.34	-0.22	-0.47

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Forum Energy Account Relationship Matchups

Forum Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	5.5M	5.6M	5.6M	6.0M	10.2M	5.4M
Total Assets	1.2B	889.9M	791.3M	831.3M	821.1M	1.2B
Short Long Term Debt Total	399.6M	294.7M	233.3M	239.9M	201.4M	303.8M
Other Current Liab	86.7M	67.6M	58.4M	76.5M	41.7M	63.1M
Total Current Liabilities	196.9M	124.9M	175.7M	210.5M	204.3M	158.9M
Total Stockholder Equity	486M	406.2M	329.1M	307.1M	412.6M	655.0M
Property Plant And Equipment Net	203.5M	145.2M	119.4M	116.8M	134.3M	165.1M
Current Deferred Revenue	10.8M	9.7M	17.0M	14.7M	14.8M	13.0M
Net Debt	341.7M	166.1M	186.4M	188.9M	155.2M	247.2M
Retained Earnings	(503.4M)	(601.7M)	(684.3M)	(680.6M)	(699.5M)	(664.5M)
Accounts Payable	98.7M	46.4M	99.4M	118.3M	125.9M	106.9M
Cash	57.9M	128.6M	46.9M	51M	46.2M	77.9M
Non Current Assets Total	494.1M	399.7M	344.6M	318.4M	291.5M	276.9M
Non Currrent Assets Other	18.3M	14.1M	7.8M	9.9M	6.3M	6.0M
Cash And Short Term Investments	57.9M	128.6M	46.9M	51M	46.2M	77.9M
Net Receivables	154.2M	90.8M	134.4M	170.1M	161.9M	140.7M
Good Will	272.3M	(44K)	(5K)	19K	17.1K	16.2K
Common Stock Total Equity	1.2M	1.2M	60K	61K	70.2K	66.6K
Liabilities And Stockholders Equity	1.2B	889.9M	791.3M	831.3M	821.1M	1.2B
Non Current Liabilities Total	477.1M	358.8M	286.5M	313.7M	204.1M	350.7M
Inventory	414.6M	251.7M	241.7M	269.8M	299.6M	380.4M
Other Current Assets	39.2M	19.0M	23.7M	43.9M	21.9M	20.8M
Other Stockholder Equity	1.1B	1.1B	1.1B	1.1B	1.2B	935.1M
Total Liab	674M	483.7M	462.2M	524.2M	408.4M	509.6M
Property Plant And Equipment Gross	203.5M	145.2M	119.4M	116.8M	291.1M	177.8M
Total Current Assets	665.9M	490.2M	446.7M	512.9M	529.6M	505.0M
Accumulated Other Comprehensive Income	(108.9M)	(100.4M)	(101.0M)	(127.5M)	(115.2M)	(109.5M)
Short Term Debt	700K	1.3M	860K	782K	11.6M	12.2M
Intangible Assets	272.3M	240.4M	217.4M	191.5M	168.0M	263.4M
Common Stock	1.2M	60K	61K	62K	109K	103.6K
Other Liab	28.3M	65.4M	54.1M	13.7M	15.7M	14.9M
Other Assets	18.3M	45.6M	7.8M	10.1M	11.6M	16.9M
Long Term Debt	398.9M	293.4M	232.4M	239.1M	129.6M	123.1M
Treasury Stock	(134.4M)	(134.5M)	(134.5M)	(135.6M)	(122.0M)	(128.1M)
Property Plant Equipment	203.5M	145.2M	119.4M	116.8M	134.3M	172.4M
Net Tangible Assets	213.7M	165.8M	111.7M	115.6M	104.0M	181.3M
Retained Earnings Total Equity	63.7M	(503.4M)	(601.7M)	(684.3M)	(615.9M)	(585.1M)
Long Term Debt Total	398.9M	293.4M	232.4M	239.1M	215.2M	314.3M

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