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FARO Technologies Inc Stock Research

FARO

23.27USD+0.03(+0.13%)Market Closed

Market Summary

USD23.27+0.03
Market Closed
0.13%

FARO Alerts

FARO Stock Price

FARO RSI Chart

FARO Valuation

Market Cap

437.0M

Price/Earnings (Trailing)

-16.33

Price/Sales (Trailing)

1.26

EV/EBITDA

-52.06

Price/Free Cashflow

-13.99

FARO Price/Sales (Trailing)

FARO Profitability

EBT Margin

-6.26%

Return on Equity

-8.6%

Return on Assets

-5.65%

Free Cashflow Yield

-7.15%

FARO Fundamentals

FARO Revenue

Revenue (TTM)

345.8M

Revenue Y/Y

3.65%

Revenue Q/Q

21.71%

FARO Earnings

Earnings (TTM)

-26.8M

Earnings Y/Y

92.95%

Earnings Q/Q

64.3%

Price Action

52 Week Range

22.6154.95
(Low)(High)

Last 7 days

-7.6%

Last 30 days

-12.5%

Last 90 days

-17.7%

Trailing 12 Months

-51.5%

FARO Financial Health

Current Ratio

2.06

FARO Investor Care

Shares Dilution (1Y)

3.15%

Diluted EPS (TTM)

-1.46

Peers (Alternatives to FARO Tech)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
46.9B
12.6B
-6.25% 4.16%
24.64
3.71
16.06% 19.58%
33.7B
5.4B
-16.06% 3.20%
30.02
6.23
9.69% 25.73%
14.9B
5.8B
-9.79% -25.66%
30.01
2.57
2.74% -44.68%
12.1B
3.7B
-12.70% -26.09%
26.91
3.29
0.47% -8.73%
MID-CAP
8.5B
1.0B
-11.86% -28.23%
39.56
8.47
-2.99% -22.99%
8.0B
1.2B
-4.23% 12.59%
43.34
6.43
-0.48% -28.07%
6.6B
-
9.93% -44.73%
57.31
4.28
- -
5.1B
4.4B
-21.15% -32.16%
570.37
1.14
38.72% -97.10%
3.4B
565.6M
-5.77% 21.12%
51.07
6
11.95% 9.22%
2.3B
1.8B
-9.11% 10.55%
-241.02
1.31
-9.39% 88.02%
SMALL-CAP
1.5B
1.2B
-16.24% -0.16%
15.83
1.29
-0.75% -27.24%
1.3B
2.5B
-12.14% -4.95%
13.24
0.52
13.87% 14.08%
437.0M
345.8M
-12.51% -51.54%
-16.33
1.26
2.35% 33.05%
115.7M
51.2M
-15.81% 40.30%
-2.9
2.26
25.97% -8.50%
76.4M
22.2M
-4.70% 6.79%
17.77
3.44
4.19% -13.07%

Financials for FARO Tech

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue1.1%345,765,000342,109,000335,946,000338,139,000337,814,000
Gross Profit-2.6%175,763,000180,435,000179,501,000184,546,000183,927,000
Operating Expenses0.4%200,686,000199,848,000196,996,000193,736,000192,363,000
  S&GA Expenses1.4%146,657,000144,593,000140,800,000138,376,000136,234,000
  R&D Expenses0.7%49,415,00049,053,00049,198,00048,916,00048,761,000
EBITDA-163.1%-7,668,000-2,915,000-2,888,0002,358,000-
EBITDA Margin-160.3%-0.02-0.01-0.010.01-
Earnings Before Taxes-28.8%-21,651,000-16,812,000-16,650,000-10,915,000-8,561,000
EBT Margin-27.4%-0.06-0.05-0.05-0.03-
Interest Expenses-55,000----
Net Income52.4%-26,756,000-56,234,000-53,828,000-46,430,000-39,964,000
Net Income Margin52.9%-0.08-0.16-0.16-0.14-
Free Cahsflow-34.4%-31,227,000-23,229,000-12,871,000-18,157,000-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets6.3%473445443468480
  Current Assets5.1%219209242261273
    Cash Equivalents-22.1%38.0049.00102107122
  Inventory-1.8%50.0051.0044.0054.0053.00
  Goodwill5.8%10710180.0082.0082.00
Liabilities11.3%162146145151153
  Current Liabilities12.2%10695.0094.0098.0099.00
Shareholder's Equity3.9%311299298317326
  Retained Earnings-4.6%47.0049.0055.0064.0074.00
  Additional Paid-In Capital0.9%328325306303301
Shares Outstanding0.0%19.0019.0018.0020.0018.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-54.8%-24.86-16.06-4.43-10.23-13.48
  Share Based Compensation3.9%13.0013.0012.0012.0011.00
Cashflow From Investing-3.4%-49.90-48.25-17.01-48.36-45.74
Cashflow From Financing39.3%-1.00-1.64-0.92-1.092.00

Risks for FARO

What is the probability of a big loss on FARO?

96.5%


Probability that FARO Tech stock will be more than 20% underwater in next one year

69.6%


Probability that FARO Tech stock will be more than 30% underwater in next one year.

55.4%


Probability that FARO Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FARO drawdown profile look like?

Y-axis is the maximum loss one would have experienced if FARO Tech was unfortunately bought at previous high price.

Drawdowns

Returns for FARO

Cumulative Returns on FARO

-5.5%


10-Year Cumulative Returns

-3.8%


7-Year Cumulative Returns

-16.0%


5-Year Cumulative Returns

-19.6%


3-Year Cumulative Returns

What are the long-term rolling returns for FARO?

FIve years rolling returns for FARO Tech.

Annualized Returns

Which funds bought or sold FARO recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-06
Rockefeller Capital Management L.P.
unchanged
-
-
-
-%
2023-02-28
Voya Investment Management LLC
new
-
211,958
211,958
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
9,000
140,000
-%
2023-02-21
MACQUARIE GROUP LTD
sold off
-
-7,000
-
-%
2023-02-16
WHITE PINE CAPITAL LLC
reduced
-1.73
27,262
537,262
0.21%
2023-02-15
MetLife Investment Management, LLC
unchanged
-
20,041
299,041
-%
2023-02-15
CAPTRUST FINANCIAL ADVISORS
new
-
245,692
245,692
-%
2023-02-15
PROSPECTOR PARTNERS LLC
reduced
-40.6
-1,321,430
2,314,570
0.32%
2023-02-15
State of Tennessee, Treasury Department
added
51.55
212,000
552,000
-%
2023-02-15
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
added
7.6
51,000
384,000
-%

1–10 of 48

Latest Funds Activity

Are funds buying FARO calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own FARO
No. of Funds

FARO Tech News

Seeking Alpha

FARO Technologies Stock: Hold On As Headwinds Drive It Near Its ....

Seeking Alpha,
43 days ago

Investing.com

52주 최저 주식. - Investing.com

Investing.com,
6 years ago

Schedule 13G FIlings of FARO Tech

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
11.87%
2,230,070
SC 13G/A
Jan 27, 2023
royce & associates lp
4.67%
876,422
SC 13G/A
Jan 26, 2023
blackrock inc.
17.5%
3,291,903
SC 13G/A
Jan 20, 2023
blackrock inc.
17.5%
3,291,903
SC 13G/A
Feb 10, 2022
vanguard group inc
10.91%
1,985,479
SC 13G/A
Jan 27, 2022
blackrock inc.
17.3%
3,140,666
SC 13G/A
Jan 26, 2022
blackrock inc.
17.3%
3,140,666
SC 13G
Jan 14, 2022
royce & associates lp
5.92%
1,076,984
SC 13G/A
Feb 16, 2021
segall bryant & hamill, llc
5.2%
933,394
SC 13G
Feb 16, 2021
paradice investment management llc
4.5%
805,605
SC 13G/A

FARO Fair Value

FARO Tech fair value in different scenarios

The table shows the Fair Value estimates for FARO Tech for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

10.10

-56.60%

12.14

-47.83%

14.43

-37.99%

16.57

-28.79%

22.90

-1.59%
Current Inflation

9.81

-57.84%

11.69

-49.76%

13.79

-40.74%

15.37

-33.95%

20.78

-10.70%
Very High Inflation

9.42

-59.52%

11.11

-52.26%

12.96

-44.31%

13.93

-40.14%

18.28

-21.44%

Historical FARO Tech Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of FARO Tech

View All Filings
Date Filed Form Type Document
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Feb 15, 2023
8-K
Current Report
Feb 15, 2023
10-K
Annual Report
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 02, 2023
4
Insider Trading
Feb 02, 2023
3
Insider Trading
Jan 27, 2023
SC 13G/A
Major Ownership Report
Jan 26, 2023
SC 13G/A
Major Ownership Report

Latest Insider Trading transactions for FARO

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-01
SEXTON JEFFREY D
acquired
-
-
9,057
vice president of global sales
2023-03-01
MUHICH ALLEN L.
acquired
-
-
16,604
chief financial officer
2023-03-01
BURGER MICHAEL D
acquired
-
-
57,358
president and ceo
2023-02-01
Ahsan Jawad A
acquired
-
-
3,448
-
2022-07-26
MUHICH ALLEN L.
sold (taxes)
-31,661
30.98
-1,022
chief financial officer
2022-07-26
MUHICH ALLEN L.
acquired
-
-
3,147
chief financial officer
2022-07-25
Ramanathan Rajani
acquired
-
-
3,189
-
2022-06-17
BURGER MICHAEL D
acquired
-
-
10,421
president and ceo
2022-06-17
BURGER MICHAEL D
sold (taxes)
-146,219
31.23
-4,682
president and ceo
2022-05-27
VAN ROTTERDAM JEROEN
acquired
-
-
5,412
-

1–10 of 50

Michael D. Burger
1430
FARO Technologies, Inc. designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions in North America, South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to quickly and accurate position components; and FARO Laser Scanning Portfolio to measure and collect a cloud of data points. It also provides FARO ScanPlan, a handheld mapper that captures two-dimensional floor plans; and FARO Software, a software solution that integrate with FARO hardware products to merge data and provide collaborative workflows and applications. The company offers its products for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications. FARO Technologies, Inc. was founded in 1981 and is headquartered in Lake Mary, Florida.

FARO Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
SALES   
Sales$ 345,765$ 337,814$ 303,768
COST OF SALES   
Total cost of sales170,002153,887143,921
GROSS PROFIT175,763183,927159,847
OPERATING EXPENSES   
Selling, general and administrative146,657136,234131,827
Research and development49,41548,76142,896
Restructuring costs4,6147,36815,806
Total operating expenses200,686192,363190,529
LOSS FROM OPERATIONS(24,923)(8,436)(30,682)
OTHER (INCOME) EXPENSE   
Other (income) expense, net(3,236)70431
Interest (income) expense(36)55(340)
LOSS BEFORE INCOME TAX EXPENSE (BENEFIT)(21,651)(8,561)(30,773)
INCOME TAX EXPENSE (BENEFIT)5,10531,403(31,402)
NET (LOSS) INCOME$ (26,756)$ (39,964)$ 629
NET (LOSS) INCOME PER SHARE - BASIC (in dollars per share)$ (1.46)$ (2.20)$ 0.04
NET (LOSS) INCOME PER SHARE - DILUTED (in dollars per share)$ (1.46)$ (2.20)$ 0.04
Weighted average shares - Basic (in shares)18,318,19118,187,94617,769,958
Weighted average shares - Diluted (in shares)18,318,19118,187,94617,926,324
Product   
SALES   
Sales$ 265,280$ 251,103$ 218,587
COST OF SALES   
Total cost of sales123,836109,02498,864
Service   
SALES   
Sales80,48586,71185,181
COST OF SALES   
Total cost of sales$ 46,166$ 44,863$ 45,057

FARO Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 37,812$ 121,989
Accounts receivable, net90,32678,523
Inventories, net50,02653,145
Prepaid expenses and other current assets41,20119,793
Total current assets219,365273,450
Non-current assets:  
Property, plant and equipment, net19,72022,194
Operating lease right-of-use asset18,98922,543
Goodwill107,15582,096
Intangible assets, net48,97825,616
Service and sales demonstration inventory, net30,90430,554
Deferred income tax assets, net24,19221,277
Other long-term assets4,0442,010
Total assets473,347479,740
Current liabilities:  
Accounts payable27,28614,199
Accrued liabilities23,34528,208
Income taxes payable6,7674,499
Current portion of unearned service revenues36,40740,838
Customer deposits6,7255,399
Lease liability5,7095,738
Total current liabilities106,23998,881
Unearned service revenues - less current portion20,94722,350
Lease liability - less current portion14,64918,648
Deferred income tax liabilities11,7081,058
Income taxes payable - less current portion8,70611,297
Other long-term liabilities491,047
Total liabilities162,298153,281
Commitments and contingencies - See Note 12
Shareholders’ equity:  
Preferred stock - par value $0.01, 10,000,000 shares authorized; none issued00
Common stock - par value $0.001, 50,000,000 shares authorized; 20,156,233 and 19,588,003 issued; 18,780,013 and 18,205,636 outstanding, respectively2020
Additional paid-in capital328,227301,061
Retained earnings46,78873,544
Accumulated other comprehensive loss(33,331)(17,374)
Common stock in treasury, at cost - 1,376,220 and 1,382,367 shares held, respectively(30,655)(30,792)
Total shareholders’ equity311,049326,459
Total liabilities and shareholders’ equity$ 473,347$ 479,740