ScoreWhy is Fortinet, Inc. ?
1
Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 2,227.94%
- Healthy long term growth as Net Sales has grown by an annual rate of 21.28% and Operating profit at 33.53%
- Company has a low Debt to Equity ratio (avg) at times
2
With a growth in Net Sales of 14.75%, the company declared Very Positive results in Dec 25
- The company has declared positive results for the last 4 consecutive quarters
- OPERATING CASH FLOW(Y) Highest at USD 2,590.6 MM
- INTEREST COVERAGE RATIO(Q) Highest at 14,186.36
- RAW MATERIAL COST(Y) Fallen by 1.04% (YoY)
3
With ROE of 93.15%, it has a very attractive valuation with a 31.56 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -17.74%, its profits have risen by 46.1% ; the PEG ratio of the company is 0.8
4
High Institutional Holdings at 71.04%
- These investors have better capability and resources to analyse fundamentals of companies than most retail investors.
Real-Time Research ReportHow much should you buy?
- Overall Portfolio exposure to Fortinet, Inc. should be less than 10%
- Overall Portfolio exposure to Computers - Software & Consulting should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Computers - Software & Consulting)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Fortinet, Inc. for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Fortinet, Inc.
-17.25%
0.92
42.46%
S&P 500
17.45%
0.90
19.38%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
21.28%
EBIT Growth (5y)
33.53%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-1.93
Sales to Capital Employed (avg)
4.13
Tax Ratio
15.27%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
71.04%
ROCE (avg)
0
ROE (avg)
2,227.94%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
34
Industry P/E
Price to Book Value
31.56
EV to EBIT
31.57
EV to EBITDA
29.46
EV to Capital Employed
-40.78
EV to Sales
9.70
PEG Ratio
0.75
Dividend Yield
NA
ROCE (Latest)
Negative Capital Employed
ROE (Latest)
93.15%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Mildly Bearish
Dow Theory
Mildly Bearish
No Trend
OBV
No Trend
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend10What is working for the Company
OPERATING CASH FLOW(Y)
Highest at USD 2,590.6 MM
INTEREST COVERAGE RATIO(Q)
Highest at 14,186.36
RAW MATERIAL COST(Y)
Fallen by 1.04% (YoY
INVENTORY TURNOVER RATIO(HY)
Highest at 3.68 times
NET SALES(Q)
Highest at USD 1,905 MM
OPERATING PROFIT(Q)
Highest at USD 624.2 MM
PRE-TAX PROFIT(Q)
Highest at USD 650.8 MM
0What is not working for the Company
NO KEY NEGATIVE TRIGGERS
Here's what is working for Fortinet, Inc.
Operating Cash Flow
Highest at USD 2,590.6 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (USD MM)
Interest Coverage Ratio
Highest at 14,186.36
in the last five periodsMOJO Watch
The company's ability to manage interest payments is improving
Operating Profit to Interest
Net Sales
Highest at USD 1,905 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (USD MM)
Operating Profit
Highest at USD 624.2 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (USD MM)
Pre-Tax Profit
Highest at USD 650.8 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (USD MM)
Inventory Turnover Ratio
Highest at 3.68 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Raw Material Cost
Fallen by 1.04% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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