Calculated
DCF
Free cash flow, growth, discount rate, and terminal growth form an intrinsic value range.
88.23 USD149.62 USD211.48 USD
-43.29%
149.62 USDCurrent price is 43.3% below the base model value.
F
US
FTNT.US · Fortinet, Inc.
US · US
Latest price84.85 USD
30D-5.85%
Vs. base value+3.2%
Research summary
FTNT.US latest organized financial period shows revenue grew +14.17% YoY and net income grew +6.2% YoY. Current price is about 84.85 USD, while the model base case is about 82.19 USD; the current price sits +3.2% versus the base case. The page shows both reported and adjusted views; valuation still defaults to reported figures, while adjusted figures help isolate structured one-time-item impact. This summary is intended for public-information research and model review.
Key financial trend
Annual financial metrics with switchable views. · Unit: USD
Revenue7B USD
Net income2B USD
Free cash flow3B USD
Operating cash flow3B USD
Price trend
Price date: 2026/04/29 · Updated: 2026/04/29 15:21
Valuation model range
Hover each model row to inspect formulas and inputs.
Current price84.85 USD
Base value82.19 USD
Vs. base+3.2%
Price date2026/04/29
50.80 USD82.19 USD107.10 USD
+3.24%
Calculated
Owner Earnings
Uses recent net income as an owner-earnings proxy and discounts scenario growth.
50.80 USD82.19 USD107.10 USD
+3.24%
82.19 USDCurrent price is close to the base model value.Adjusted reference: 31.75 USD
Calculated
Reverse DCF
Solves the forward FCF growth rate implied by the current price.
Implied growth8.0%
Current price implies roughly 8.0% annualized FCF growth.
8.0%Current price implies roughly 8.0% annualized FCF growth.
Calculated
Earnings Power Value
Estimates earnings power value without assuming growth.
19.60 USD19.60 USD19.60 USD
+333%
19.60 USDCurrent price is 333% above the base model value.
Updated: 2026/04/29 15:21
Valuation basis and non-recurring items
Collapsed by default. Expand to inspect structured one-time items and adjusted figures without making them the primary page focus.
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Valuation basis and non-recurring items
Collapsed by default. Expand to inspect structured one-time items and adjusted figures without making them the primary page focus.
A positive amountAfterTax means the item increased reported net income; a negative value means it reduced reported net income. Adjusted net income = reported net income minus total after-tax impact. Valuation defaults to reported figures; adjusted figures are shown to observe one-time-item impact.
| Period | Item | Category | After-tax impact | Confidence |
|---|---|---|---|---|
| 2021/12/31 | Litigation settlement | Litigation | -4M USD | Medium |
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Quarterly and annual financial table
Financial DetailsShowing latest 5 / 14
| Period | Type | Revenue | Net Income | Adjusted net income | Free Cash Flow | Diluted EPS | Adjusted EPS |
|---|---|---|---|---|---|---|---|
| 2025/12/31 | Annual | 7B USD | 2B USD | - | 3B USD | 2.42 | - |
| 2024/12/31 | Annual | 6B USD | 2B USD | - | 2B USD | 2.26 | - |
| 2023/12/31 | Annual | 5B USD | 1B USD | - | 2B USD | 1.46 | - |
| 2022/12/31 | Annual | 4B USD | 857M USD | - | 2B USD | 1.06 | - |
| 2021/12/31 | Annual | 3B USD | 607M USD | 611M USD | 1B USD | 3.63 | 3.66 |
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