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Technology - Semiconductors - NASDAQ - US
$ 32.55
-2.22 %
$ 2.51 B
Market Cap
47.17
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one FORM stock under the worst case scenario is HIDDEN Compared to the current market price of 32.5 USD, FormFactor, Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one FORM stock under the base case scenario is HIDDEN Compared to the current market price of 32.5 USD, FormFactor, Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one FORM stock under the best case scenario is HIDDEN Compared to the current market price of 32.5 USD, FormFactor, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart FORM

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$50.0$50.0$45.0$45.0$40.0$40.0$35.0$35.0$30.0$30.0$25.0$25.0$20.0$20.0Jan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 Jun
FINANCIALS
764 M REVENUE
15.16%
64.8 M OPERATING INCOME
-21.72%
69.6 M NET INCOME
-15.50%
118 M OPERATING CASH FLOW
81.94%
-33.5 M INVESTING CASH FLOW
-115.25%
-64.6 M FINANCING CASH FLOW
-184.50%
171 M REVENUE
-9.57%
3.27 M OPERATING INCOME
-58.36%
6.4 M NET INCOME
-34.04%
23.5 M OPERATING CASH FLOW
-34.46%
-84.7 M INVESTING CASH FLOW
-1055.29%
-2.96 M FINANCING CASH FLOW
83.85%
Balance Sheet FormFactor, Inc.
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Current Assets 605 M
Cash & Short-Term Investments 360 M
Receivables 104 M
Other Current Assets 141 M
Non-Current Assets 541 M
Long-Term Investments 0
PP&E 233 M
Other Non-Current Assets 308 M
31.41 %9.10 %12.28 %20.31 %26.90 %Total Assets$1.1b
Current Liabilities 131 M
Accounts Payable 62.3 M
Short-Term Debt 17.8 M
Other Current Liabilities 51.2 M
Non-Current Liabilities 67.1 M
Long-Term Debt 29.8 M
Other Non-Current Liabilities 37.3 M
31.39 %8.99 %25.81 %15.00 %18.82 %Total Liabilities$198.4m
EFFICIENCY
Earnings Waterfall FormFactor, Inc.
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Revenue 764 M
Cost Of Revenue 456 M
Gross Profit 308 M
Operating Expenses 243 M
Operating Income 64.8 M
Other Expenses -4.83 M
Net Income 69.6 M
800m800m700m700m600m600m500m500m400m400m300m300m200m200m100m100m00764m(456m)308m(243m)65m5m70mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
40.33% GROSS MARGIN
40.33%
8.48% OPERATING MARGIN
8.48%
9.12% NET MARGIN
9.12%
7.35% ROE
7.35%
6.07% ROA
6.07%
5.50% ROIC
5.50%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis FormFactor, Inc.
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120m120m100m100m80m80m60m60m40m40m20m20m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 69.6 M
Depreciation & Amortization 39.7 M
Capital Expenditures -38.4 M
Stock-Based Compensation 39.8 M
Change in Working Capital -8.65 M
Others -3.16 M
Free Cash Flow 79.1 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets FormFactor, Inc.
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Wall Street analysts predict an average 1-year price target for FORM of $52 , with forecasts ranging from a low of $33 to a high of $65 .
FORM Lowest Price Target Wall Street Target
33 USD 1.38%
FORM Average Price Target Wall Street Target
52 USD 59.75%
FORM Highest Price Target Wall Street Target
65 USD 99.69%
Price
Max Price Target
Min Price Target
Average Price Target
6565606055555050454540403535303025252020Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 9
6. Ownership
Insider Ownership FormFactor, Inc.
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Sold
0-3 MONTHS
453 K USD 2
3-6 MONTHS
586 K USD 2
6-9 MONTHS
620 K USD 2
9-12 MONTHS
909 K USD 2
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
FormFactor, Inc. Announces Purchase of New Manufacturing Facility Fit-for-purpose Facility Will Provide Significant Operational Flexibility as the Company Continues to Execute on its Long-Term Growth Strategy Fit-for-purpose Facility Will Provide Significant Operational Flexibility as the Company Continues to Execute on its Long-Term Growth Strategy globenewswire.com - 3 weeks ago
FormFactor (FORM) Up 7.5% Since Last Earnings Report: Can It Continue? FormFactor (FORM) reported earnings 30 days ago. What's next for the stock? zacks.com - 4 weeks ago
FormFactor Announces Participation at Upcoming Conferences LIVERMORE, Calif., May 21, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) is pleased to announce its participation in the following investor conferences: globenewswire.com - 1 month ago
FormFactor Announces Participation at Upcoming Conferences LIVERMORE, Calif., May 07, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) is pleased to announce its participation in the following investor conferences: globenewswire.com - 1 month ago
FORM Q1 Earnings Surpass Estimates, Stock Rises on Positive Outlook FormFactor's Q1 results reflect strength in strong HBM demand, margin expansion and a bullish Q2 outlook, with double-digit revenue growth. zacks.com - 1 month ago
FormFactor, Inc. (FORM) Q1 2025 Earnings Call Transcript FormFactor, Inc. (NASDAQ:FORM ) Q1 2025 Results Conference Call April 30, 2025 4:25 PM ET Company Participants Stan Finkelstein - VP of Investor Relations Mike Slessor - Chief Executive Officer Shai Shahar - Chief Financial Officer Conference Call Participants Charles Shi - Needham & Company Craig Ellis - B. Riley Securities Tom Diffely - D.A. seekingalpha.com - 1 month ago
FormFactor (FORM) Surpasses Q1 Earnings and Revenue Estimates FormFactor (FORM) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.18 per share a year ago. zacks.com - 1 month ago
FormFactor, Inc. Reports 2025 First Quarter Results LIVERMORE, Calif., April 30, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the first quarter of fiscal 2025 ended March 29, 2025. globenewswire.com - 1 month ago
Wall Street Analysts Believe FormFactor (FORM) Could Rally 47.16%: Here's is How to Trade The mean of analysts' price targets for FormFactor (FORM) points to a 47.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock. zacks.com - 1 month ago
FormFactor to Announce First Quarter 2025 Financial Results on April 30th LIVERMORE, Calif., April 10, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) will report financial results for its 2025 fiscal first quarter on Wednesday, April 30th, 2025, at 1:25 p.m. Pacific Time. The public is invited to listen to a live webcast of FormFactor's conference call on the Investors section of the company's web site at www.formfactor.com. globenewswire.com - 2 months ago
FormFactor Introduces the EVOLVITY™ 300 Probe System Company Expands the 300 mm Product Line with New Semi-Automated System Company Expands the 300 mm Product Line with New Semi-Automated System globenewswire.com - 2 months ago
FORM Expands Taiwan Service Center Capacity: Hold or Fold the Stock? FormFactor FORM is doubling capacity at its Taiwan Capacity Center, which will enable the company to better serve customers in Taiwan and across Asia. The service center plays a key role in supporting chip manufacturers in developing advanced packaging technologies driven by AI, high-performance computing, and mobile and automotive applications. zacks.com - 2 months ago
8. Profile Summary

FormFactor, Inc. FORM

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COUNTRY US
INDUSTRY Semiconductors
MARKET CAP $ 2.51 B
Dividend Yield 0.00%
Description FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies. It also provides probing systems for semiconductor design engineers to capture and analyze accurate data; surface metrology systems for the development, production, and quality control of semiconductor products; thermal subsystems, such as thermal chucks and other test systems used in probe stations and other applications; and precision cryogenic instruments, semiconductor tests, and measurement systems. In addition, the company offers on-site probe card maintenance and service training, seminars, and telephone support services. The company markets and sells its products through direct sales force, manufacturers' representatives, and distributors in the United States, Taiwan, South Korea, China, Japan, Europe, rest of Asia-Pacific, and internationally. FormFactor, Inc. was incorporated in 1993 and is headquartered in Livermore, California.
Contact 7005 Southfront Road, Livermore, CA, 94551 https://www.formfactor.com
IPO Date June 12, 2003
Employees 2238
Officers Mr. Shai Shahar CPA Senior Vice President & Chief Financial Officer Mr. Alan Lop-Gate Chan Senior Vice President, Chief Legal Officer & Corporate Secretary Mr. Sudhakar Raman Senior Vice President & GM of Probes Business Unit Dr. Michael D. Slessor Ph.D. Chief Executive Officer, President & Director Mr. Aasutosh Dave Chief Commercial Officer Mr. Steven Nott Chief Information Officer Ms. Missy Figueroa Senior Vice President of Global Operations Mr. Stan Finkelstein Head of Investor Relations Ms. Aliza Scott Chief Human Resources Officer Mr. Jarek Kister Chief Technology Officer and Senior Vice President of Technology R&D