FTNT Fortinet
Intrinsic value$68.78
Price (at call)$172.37
Margin of safety
-60.1%
vs market (rating basis)
-13.8%
Model unavailable; showing baseline valuation.
⚠ LLM error: empty response; using baseline
The story
Value drivers
| Revenue growth (Y1) | 15.5% |
| Terminal growth | 3.5% |
| Forecast horizon | 10y |
| Target operating margin | 35.1% |
| Years to target margin | 5 |
| Sales-to-capital | 3.37 |
| Beta | 1.06 |
| Failure probability | 0.0% |
| Cost of capital (WACC) | 9.7% |
| Terminal WACC | 9.5% |
Valuation bridge
| PV of explicit FCFF | 21.13B |
| PV of terminal value | 27.83B |
| Equity value | 50.47B |
| ÷ shares → per share | $68.78 |
News
bullish +0.30 · 8 articles
- Dow Jones Futures Rise As ServiceNow, Twilio Lead 8 New Buys; How Will Bonds React To Fed Hike?
- What Growth Are You Paying For In Zscaler Stock?
- What Are You Actually Buying In Cloudflare Stock?
- Why Did Cisco Stop Leading With Its Campus Refresh?
- Zacks Investment Ideas feature highlights: Fortinet and Qualys
- Zacks Investment Ideas feature highlights: Palo Alto Networks, Fortinet, Okta, CrowdStrike and RUM Group
- Is CrowdStrike Stock Betting That Its Record Quarter Is The New Normal?
- Fortinet (FTNT) Recently Broke Out Above the 20-Day Moving Average
Projected free cash flow to the firm
| Yr | Revenue | Growth | Margin | NOPAT | Reinvest | FCFF | PV |
|---|---|---|---|---|---|---|---|
| 1 | 8.69B | 15.5% | 35.1% | 2.46B | 345.39M | 2.12B | 1.93B |
| 2 | 9.92B | 14.1% | 35.1% | 2.81B | 364.51M | 2.45B | 2.03B |
| 3 | 11.19B | 12.8% | 35.1% | 3.17B | 376.90M | 2.79B | 2.11B |
| 4 | 12.47B | 11.5% | 35.1% | 3.53B | 381.03M | 3.15B | 2.17B |
| 5 | 13.74B | 10.1% | 35.1% | 3.89B | 375.55M | 3.52B | 2.21B |
| 6 | 14.95B | 8.8% | 35.1% | 4.24B | 359.46M | 3.88B | 2.22B |
| 7 | 16.07B | 7.5% | 35.1% | 4.55B | 332.19M | 4.22B | 2.20B |
| 8 | 17.06B | 6.2% | 35.1% | 4.83B | 293.67M | 4.54B | 2.16B |
| 9 | 17.88B | 4.8% | 35.1% | 5.07B | 244.47M | 4.82B | 2.09B |
| 10 | 18.51B | 3.5% | 35.1% | 5.24B | 185.74M | 5.06B | 2.00B |