FPS - Forgent Power Solutions, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$56.44
DETAILS
HIGH:
$63.00
LOW:
$48.00
MEDIAN:
$56.00
CONSENSUS:
$56.44
UPSIDE:
70.05%
| Metric | 2024 | 2023 |
|---|---|---|
| Revenue | ||
| Revenue | 753.2 | 181.3 |
| Cost of Revenue | 475.1 | 113.6 |
| Gross Profit | 278.1 | 67.7 |
| Operating Expenses | ||
| R&D Expenses | 0 | 0 |
| SG&A Expenses | 146.3 | 52.1 |
| Other Expenses | 59.6 | 20.4 |
| Operating Expenses | 205.8 | 72.5 |
| Operating Income | ||
| Operating Income | 72.2 | (4.8) |
| Interest Expense | 54.8 | 21.9 |
| Interest Income | 5.6 | 1.8 |
| Profitability | ||
| EBITDA | 142.4 | 18 |
| EBIT | 77.6 | (3.3) |
| Income Before Tax | 22.8 | (25.2) |
| Income Tax Expense | 5.3 | (6.0) |
| Net Income | 15.2 | (17.8) |
| Per Share Data | ||
| EPS (Basic) | 0.07 | -0.08 |
| EPS (Diluted) | 0.07 | -0.08 |
| Shares Outstanding | 230.8 | 230.8 |
| Metric | 2024 | 2023 |
|---|---|---|
| Current Assets | ||
| Cash & Cash Equivalents | 111.3 | 186.4 |
| Short-Term Investments | 0 | 0 |
| Net Receivables | 160.0 | 81.3 |
| Inventory | 117.6 | 83.1 |
| Other Current Assets | 10.5 | 14.9 |
| Total Current Assets | 445.1 | 387.3 |
| Non-Current Assets | ||
| Property, Plant & Equipment | 225.9 | 48.6 |
| Goodwill | 516.6 | 516.6 |
| Intangible Assets | 337.3 | 395.9 |
| Long-Term Investments | 0 | 0 |
| Other Non-Current Assets | 11.7 | 3.5 |
| Total Non-Current Assets | 1,091.5 | 964.7 |
| Total Assets | 1,536.7 | 1,352.0 |
| Current Liabilities | ||
| Account Payables | 61.9 | 26.8 |
| Short-Term Debt | 5.2 | 5.2 |
| Deferred Revenue | 110.9 | 90.1 |
| Other Current Liabilities | 20.4 | 8.3 |
| Total Current Liabilities | 281.7 | 189.4 |
| Non-Current Liabilities | ||
| Long-Term Debt | 496.9 | 500.0 |
| Deferred Tax Liabilities | 63.3 | 53.4 |
| Other Non-Current Liabilities | 0 | 0 |
| Total Non-Current Liabilities | 681.7 | 569.6 |
| Total Liabilities | 963.4 | 759.1 |
| Stockholders' Equity | ||
| Common Stock | 0 | 0 |
| Retained Earnings | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 |
| Total Stockholders' Equity | 374.5 | 518.0 |
| Total Liabilities & Equity | 1,536.7 | 1,352.0 |
| Debt Metrics | ||
| Total Debt | 630.5 | 523.4 |
| Net Debt | 519.2 | 337.0 |
| Metric | 2024 | 2023 |
|---|---|---|
| Operating Activities | ||
| Net Income | 17.4 | (19.2) |
| Depreciation & Amortization | 64.9 | 21.3 |
| Stock-Based Compensation | 1.8 | 0.7 |
| Change in Working Capital | (34.0) | (2.8) |
| Other Non-Cash Items | 10.7 | 5.3 |
| Operating Cash Flow | 45.0 | (4.6) |
| Investing Activities | ||
| Capital Expenditure | (84.1) | (2.9) |
| Acquisitions | 0 | (741.7) |
| Purchases of Investments | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 |
| Other Investing Activities | 0 | 0 |
| Investing Cash Flow | (84.1) | (744.6) |
| Financing Activities | ||
| Net Debt Issuance | (5.2) | 516.3 |
| Stock Repurchased | 0 | 0 |
| Dividends Paid | (13.3) | 0 |
| Other Financing Activities | (17.5) | (17.1) |
| Financing Cash Flow | (36.0) | 935.7 |
| Cash Position | ||
| Net Change in Cash | (75.1) | 186.4 |
| Cash at Beginning | 186.4 | 0 |
| Cash at End | 111.3 | 186.4 |
| Free Cash Flow | (39.1) | (7.5) |
| Key Metrics | 2024 | 2023 |
|---|---|---|
| Income Statement | ||
| Revenue | 753.2 | 181.3 |
| Gross Profit | 278.1 | 67.7 |
| Operating Income | 72.2 | (4.8) |
| Net Income | 15.2 | (17.8) |
| EPS (Diluted) | 0.07 | -0.08 |
| Balance Sheet | ||
| Cash & Equivalents | 111.3 | 186.4 |
| Total Assets | 1,536.7 | 1,352.0 |
| Total Debt | 630.5 | 523.4 |
| Stockholders' Equity | 374.5 | 518.0 |
| Cash Flow | ||
| Operating Cash Flow | 45.0 | (4.6) |
| Capital Expenditure | (84.1) | (2.9) |
| Free Cash Flow | (39.1) | (7.5) |