FARO Technologies designs, develops, manufactures, markets, and supports software driven, three-dimensional (3-D) measurement, imaging, and realization systems for manufacturing, industrial, architecture, surveying, building construction, and law enforcement applications. The company was founded in 1981 and is based in Lake Mary, Florida.
FARO Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Faro Technologies Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Faro Technologies Inc ranked in the 12th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. In terms of the factors that were most noteworthy in this DCF analysis for FARO, they are:
Interest coverage, a measure of earnings relative to interest payments, is -72.69 -- which is good for besting only 2.73% of its peer stocks (US stocks in the Technology sector with positive cash flow).
The business' balance sheet reveals debt to be 1% of the company's capital (with equity being the remaining amount). Approximately just 7.21% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as FARO, try HPE, MXL, PTC, SIMO, and GWRE.
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FARO® Technologies, Inc. (NASDAQ: FARO), a global leader for 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics, today announced the release of its new FARO Zone 3D 2021 software for crime, crash, fire and security applications. The latest edition of FARO Zone represents a significant software advancement that empowers public safety professionals with even more tools to diagram, document, share and analyze forensic scenes, and create compelling 3D scene reconstructions that bolster courtroom cases whereby jurors can walk through a forensic scene with an exceptional level of realism.