FI

Fermi Inc. Common Stock

FRMI·NASDAQ

$6.09

-3.7%
UtilitiesRegulated Electric

Fermi, Inc. engages in the development of energy infrastructure. It intends to develop an energy and data center development campus to support the needs of to-be-built AI infrastructure. The company was founded by Rick Perry, Toby Neugebauer and Griffin Perry on January 10, 2025 and is headquartered in Amrillo, TX.

At a Glance

Live Snapshot
Market Cap$3.88B
EPS-1.1300
P/E Ratio-7.70
Earnings Date08/13/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -7.7).

Valuation inputs: P/E -7.7, earnings yield N/A, momentum -3.7%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -44.4%, ROIC -14.4%).

Profitability stack: net margin 0.0%, ROE -44.4%, ROIC -14.4%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +22.5%, momentum -3.7%, net margin 0.0%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

f

Fermi Inc. Common Stock Market vs Earnings Trajectory

FRMI · NASDAQ

Loading price and EPS data...

FI

Fermi Inc. Common Stock Fair Value Envelope

FRMI · NASDAQ

Our analysis suggests that FRMI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $6.09, this represents a potential HIDDEN relative to our calculated worth for Fermi Inc. Common Stock.

Intrinsic Value
Current Price: $6.09

No Revenue Data

FRMI has not reported any revenue values in the available annual periods.

FI

Fermi Inc. Common Stock Profit Bridge

FRMI · NASDAQ
Revenue0.00
Cost of Goods Sold (0.00)
Gross Profit0.00
Operating Expenses (177.78M)
Operating Income-177.78M
Interest Expense (0.00)
Other Income/Expense-308.60M
Pretax Income-486.38M
Income Tax (0.00)
Net Income-486.38M
Net Income
-486.38M

Profitability Analysis

No Gross Profit Margin Data

FRMI has not reported any gross profit margin values in the available annual periods.

No Operating Profit Margin Data

FRMI has not reported any operating profit margin values in the available annual periods.

No Net Profit Margin Data

FRMI has not reported any net profit margin values in the available annual periods.

-44.38%
Return on Equity
3Y-
5Y-
10Y-
-34.41%
Return on Assets
3Y-
5Y-
10Y-
-14.37%
Return on Invested Capital
3Y-
5Y-
10Y-
F

Fermi Inc. Common Stock Cash Conversion Engine

FRMI · NASDAQ
Net Income0.00
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital6.51M
Others-40.66M
Capital Expenditures-569.30M
Free Cash Flow-603.46M

Cash Flow Quality Analysis

CapEx Intensity

-1667.0%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

Working Capital Impact

+$6.51M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

f

Fermi Inc. Common Stock Funding & Solvency Profile

FRMI · NASDAQ
Cash & Cash Equivalents207.50M
Net Receivables0.00
Inventory0.00
Other Current Assets0.00
Total Current Assets208 M
Property, Plant & Equipment1.47B
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets0.00
Total Non-Current Assets1 B
Total Assets
1.78B

Financial Health Analysis

Debt-to-Equity Ratio

0.66x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

208 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

12% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

f

Fermi Inc. Common Stock Street Expectations Map

FRMI · NASDAQ

Wall Street analysts project that FRMI stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 8.33, with estimates ranging from a low of 6.00 to a high of 11.00.

Lowest Target
6.00
-1.48%
Consensus Target
8.33
36.78%
Highest Target
11.00
80.62%

The consensus 1-year price target stands at 8.33, with estimates ranging from a low of 6.00 to a high of 11.00.

Analyst Consensus Analysis

Upside Potential

+36.8%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

60.0% spread

High uncertainty. Very wide target spread indicates significant disagreement among analysts—major valuation uncertainty or transformation underway.

Risk-Reward Profile

54.56x

Favorable risk-reward. Potential upside significantly exceeds downside risk, offering asymmetric return profile attractive for risk-tolerant investors.

Analyst Conviction

Low

High uncertainty: Wide dispersion indicates analysts struggle to agree on valuation—proceed with caution and independent analysis.

Market Sentiment Insight

High risk, high reward: Substantial upside potential exists, but wide analyst disagreement signals execution risk or unclear catalysts. Thorough due diligence essential before committing capital.

f

Fermi Inc. Common Stock Insider Positioning

FRMI · NASDAQ

During the last 12 months, insiders have sold $67.81M worth of FRMI shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

13.4M

67.81M

Net Activity

-67.8M

-$67.81M

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

1
PG

Perry Griffin

10 Percent Owner

11.0M shares2 transactions

$56.27M

2
OBJ

Ortiz Blanes Jacobo

Officer: Chief Operating Officer

830.9K shares2 transactions

$3.94M

3
EME

Everson Miles E.

Officer: Chief Financial Officer

830.2K shares2 transactions

$3.94M

4
HCL

Hamilton Charles Lynn

Officer: Chief Site Development Officer

774.1K shares2 transactions

$3.67M

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $67.81M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$67.81M

Heavy recent selling activity. Recent insider sales notably exceed purchases—may warrant investigation into company developments.

Insider Participation

High Selling

4 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.

No Dividend Yield Data

FRMI has not reported any dividend yield values in the available annual periods.

 

frmi Dividend History

FRMI
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%