Fortinet (XKAZ:FTNT_KZ) FCF Yield % : 3.72 (As of May. 10, 2024)

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What is Fortinet FCF Yield %?

FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

As of today, Fortinet's Trailing 12-Month Free Cash Flow is $1,693 Mil, and Market Cap is $45,554 Mil. Therefore, Fortinet's FCF Yield % for today is 3.72%.

The historical rank and industry rank for Fortinet's FCF Yield % or its related term are showing as below:

XKAZ:FTNT_KZ' s FCF Yield % Range Over the Past 10 Years
Min: 2.01 Med: 3.94 Max: 5.94
Current: 3.72

During the past 13 years, the highest FCF Yield % of Fortinet was 5.94%. The lowest was 2.01%. And the median was 3.94%.

XKAZ:FTNT_KZ's FCF Yield % is ranked better than
71.73% of 2833 companies
in the Software industry
Industry Median: 0.32 vs XKAZ:FTNT_KZ: 3.72

Fortinet's FCF Margin % for the quarter that ended in Mar. 2024 was 44.96%.

Fortinet FCF Yield % Historical Data

The historical data trend for Fortinet's FCF Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fortinet FCF Yield % Chart

Fortinet Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

FCF Yield %

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3.61

5.53

Fortinet Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
FCF Yield %	Get a 7-Day Free Trial															6.42	3.10	3.44	2.11	7.76

Competitive Comparison of Fortinet's FCF Yield %

For the Software - Infrastructure subindustry, Fortinet's FCF Yield %, along with its competitors' market caps and FCF Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fortinet's FCF Yield % Distribution in the Software Industry

For the Software industry and Technology sector, Fortinet's FCF Yield % distribution charts can be found below:

* The bar in red indicates where Fortinet's FCF Yield % falls into.

Fortinet FCF Yield % Calculation

FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

Fortinet's FCF Yield % for the fiscal year that ended in Dec. 2023 is calculated as

FCF Yield %	=	Free Cash Flow	/	Market Cap
	=	1731.4	/	31284.71
	=	5.53%

Fortinet's annualized FCF Yield % for the quarter that ended in Mar. 2024 is calculated as

FCF Yield %	=	Free Cash Flow	*	Annualized Factor	/	Market Cap
	=	608.5	*	4	/	31375.152
	=	7.76%

Fortinet FCF Yield % Explanation

Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.

Fortinet FCF Yield % Related Terms

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Fortinet (XKAZ:FTNT_KZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fortinet Inc (XKAZ:FTNT_KZ) » Definitions » FCF Yield %

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Address

899 Kifer Road, Sunnyvale, CA, USA, 94086

Website

https://www.fortinet.com

Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 700,000 customers across the world.

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