FORRESTER RESEARCH, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 18.82 USD | -0.48% |
|
-1.16% | -29.80% |
| Apr. 30 | Transcript : Forrester Research, Inc., Q1 2024 Earnings Call, Apr 30, 2024 | |
| Apr. 30 | Earnings Flash (FORR) FORRESTER RESEARCH Reports Q1 Revenue $100.1M | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 776.5 | 794.6 | 1,126 | 681.3 | 515.8 | 359.6 | - |
| Enterprise Value (EV) 1 | 839.2 | 812.1 | 1,067 | 608 | 426.3 | 274.4 | 232.2 |
| P/E ratio | -80.2 x | 79.1 x | 45.9 x | 31.4 x | 168 x | 61.4 x | 26 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1.68 x | 1.77 x | 2.28 x | 1.27 x | 1.07 x | 0.82 x | 0.79 x |
| EV / Revenue | 1.82 x | 1.81 x | 2.16 x | 1.13 x | 0.89 x | 0.62 x | 0.51 x |
| EV / EBITDA | 27.9 x | 17.8 x | 16.9 x | 9.44 x | 5.86 x | 5.27 x | 4.16 x |
| EV / FCF | 23 x | 20.9 x | 11.1 x | 18 x | 26.4 x | 28.3 x | 4.1 x |
| FCF Yield | 4.35% | 4.78% | 9.03% | 5.55% | 3.79% | 3.54% | 24.4% |
| Price to Book | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 18,622 | 18,964 | 19,171 | 19,052 | 19,239 | 19,107 | - |
| Reference price 2 | 41.70 | 41.90 | 58.73 | 35.76 | 26.81 | 18.82 | 18.82 |
| Announcement Date | 2/13/20 | 2/11/21 | 2/10/22 | 2/9/23 | 2/8/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 461.7 | 449 | 494.3 | 537.8 | 480.8 | 440.2 | 456.6 |
| EBITDA 1 | 30.12 | 45.74 | 63.16 | 64.42 | 72.69 | 52.07 | 55.8 |
| EBIT 1 | -1.075 | 16.18 | 38.64 | 41.99 | 52.28 | 43.61 | 47.37 |
| Operating Margin | -0.23% | 3.6% | 7.82% | 7.81% | 10.87% | 9.91% | 10.38% |
| Earnings before Tax (EBT) 1 | -9.599 | 12.93 | 33.19 | 30.72 | 6.285 | 11.53 | 21.99 |
| Net income 1 | -9.57 | 9.99 | 24.84 | 21.81 | 3.05 | 5.835 | 13.8 |
| Net margin | -2.07% | 2.23% | 5.03% | 4.05% | 0.63% | 1.33% | 3.02% |
| EPS 2 | -0.5200 | 0.5300 | 1.280 | 1.140 | 0.1600 | 0.3067 | 0.7233 |
| Free Cash Flow 1 | 36.52 | 38.85 | 96.32 | 33.76 | 16.18 | 9.706 | 56.58 |
| FCF margin | 7.91% | 8.65% | 19.49% | 6.28% | 3.36% | 2.2% | 12.39% |
| FCF Conversion (EBITDA) | 121.25% | 84.94% | 152.5% | 52.41% | 22.26% | 18.64% | 101.39% |
| FCF Conversion (Net income) | - | 388.88% | 387.71% | 154.83% | 530.43% | 166.33% | 410.06% |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 2/13/20 | 2/11/21 | 2/10/22 | 2/9/23 | 2/8/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 133.7 | 125 | 148.2 | 127.7 | 136.9 | 113.7 | 135.6 | 113.4 | 118.1 | 100.1 | 121.2 | 104.2 | 114.7 | 103.9 | 125.7 |
| EBITDA 1 | 17.55 | 12.15 | 26.36 | 14.28 | 11.63 | 9.584 | 27.94 | 14.52 | 11.47 | 5.48 | 23.16 | 13.85 | 9.57 | - | - |
| EBIT 1 | 11.48 | 6.471 | 20.7 | 8.557 | 6.258 | 7.48 | 25.75 | 12.26 | 6.792 | 3.42 | 20.24 | 11.26 | 8.691 | 6.378 | 19.3 |
| Operating Margin | 8.59% | 5.18% | 13.97% | 6.7% | 4.57% | 6.58% | 18.99% | 10.81% | 5.75% | 3.42% | 16.7% | 10.81% | 7.57% | 6.14% | 15.36% |
| Earnings before Tax (EBT) 1 | 10.15 | 6.027 | 20.27 | 8.319 | -3.893 | -5.383 | 8.072 | 4.861 | -1.265 | -8.78 | 12.67 | 5.057 | 2.602 | 0.227 | 13.15 |
| Net income 1 | 8.023 | 4.148 | 13.87 | 5.414 | -1.63 | -4.075 | 5.304 | 2.484 | -0.663 | -6.673 | 8.428 | 2.83 | 1.268 | 0.148 | 8.547 |
| Net margin | 6% | 3.32% | 9.36% | 4.24% | -1.19% | -3.58% | 3.91% | 2.19% | -0.56% | -6.67% | 6.95% | 2.72% | 1.11% | 0.14% | 6.8% |
| EPS 2 | 0.4100 | 0.2200 | 0.7200 | 0.2800 | -0.0900 | -0.2100 | 0.2800 | 0.1300 | -0.0300 | -0.3500 | 0.4400 | 0.1500 | 0.0667 | 0.0100 | 0.4400 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/10/22 | 5/5/22 | 7/28/22 | 11/2/22 | 2/9/23 | 5/4/23 | 7/27/23 | 10/26/23 | 2/8/24 | 4/30/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 62.6 | 17.5 | - | - | - | - | - |
| Net Cash position 1 | - | - | 59.3 | 73.3 | 89.5 | 85.2 | 127 |
| Leverage (Debt/EBITDA) | 2.08 x | 0.3835 x | - | - | - | - | - |
| Free Cash Flow 1 | 36.5 | 38.8 | 96.3 | 33.8 | 16.2 | 9.71 | 56.6 |
| ROE (net income / shareholders' equity) | 20% | 17.7% | 12.8% | 10.2% | 1.32% | 4.8% | 5.5% |
| ROA (Net income/ Total Assets) | 6.24% | 4.73% | 3.75% | 3.38% | 0.52% | 2% | 2.5% |
| Assets 1 | -153.4 | 211.2 | 662.2 | 644.3 | 586.5 | 291.8 | 551.9 |
| Book Value Per Share | - | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | 11.9 | 8.91 | 10.7 | 5.66 | 5.5 | 5.7 | 8 |
| Capex / Sales | 2.58% | 1.98% | 2.17% | 1.05% | 1.14% | 1.3% | 1.75% |
| Announcement Date | 2/13/20 | 2/11/21 | 2/10/22 | 2/9/23 | 2/8/24 | - | - |
1USD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
2
Last Close Price
18.82
USD
Average target price
23
USD
Spread / Average Target
+22.21%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -29.80% | 360M | |
| -30.17% | 1.21B | |
| -11.94% | 393M | |
| -0.25% | 193M | |
| +50.85% | 71.69M |
- Stock Market
- Equities
- FORR Stock
- Financials Forrester Research, Inc.
