TechnipFMC PLC FTI

Morningstar Rating

Company Report

Backlog Mix Drives Strong Performance in Subsea Segment

TechnipFMC has cultivated a reputation as a top provider for subsea equipment and services, a factor that’s crucial in a space where customers seek solutions for some of the most challenging engineering problems in the world. The firm’s 2021 spinoff of Technip Energies (representing the firm’s onshore E&C business) transformed TechnipFMC into a pure-play technology and service provider for the offshore market.

Price vs Fair Value

FTI is trading at a 878% premium.
Price
$27.00
Fair Value
$41.00
Uncertainty
Very High
1-Star Price
$98.79
5-Star Price
$55.40
Economic Moat
Qcwr
Capital Allocation
Mhfpbplww

Bulls Say, Bears Say

Bulls

TechnipFMC will derive a first-mover advantage from its Subsea 2.0 solution by delivering cost-saving subsea equipment and services to its customers.

Bears

Activity in offshore oil and gas production could take longer than expected to recover (or recover less than expected), limiting TechnipFMC’s opportunities for future value generation.

News

Trading Information

Previous Close Price
Day Range
52-Week Range
Bid/Ask
/
Market Cap
Volume/Avg
/

Key Statistics

Price/Earnings (Normalized)
27.64
Price/Sales
1.44
Dividend Yield (Trailing)
0.74%
Dividend Yield (Forward)
0.74%
Total Yield
3.81%

Company Profile

TechnipFMC is the largest pure-play offshore oilfield service provider, offering integrated deep-water offshore oil and gas development solutions that span the full spectrum of subsea equipment and subsea engineering and construction services. The company also provides various surface equipment used with onshore oil and gas wells. TechnipFMC originated with the 2017 merger of predecessor companies Technip and FMC Technologies.
Sector
Energy
Industry
Oil & Gas Equipment & Services
Stock Style Box
Mid Growth
Total Number of Employees
22,762

Competitors

Valuation

Metric
FTI
SPM
SUBC
Price/Earnings (Normalized)
27.6412.7667.03
Price/Book Value
3.891.601.14
Price/Sales
1.440.320.80
Price/Cash Flow
15.274.417.75
Price/Earnings
FTI
SPM
SUBC

Financial Strength

Metric
FTI
SPM
SUBC
Quick Ratio
0.760.970.94
Current Ratio
1.101.101.02
Interest Coverage
6.512.842.98
Quick Ratio
FTI
SPM
SUBC

Profitability

Metric
FTI
SPM
SUBC
Return on Assets (Normalized)
4.70%2.00%1.23%
Return on Equity (Normalized)
14.49%11.33%2.26%
Return on Invested Capital (Normalized)
9.61%6.17%2.64%
Return on Assets
FTI
SPM
SUBC

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