Fti Consulting, Inc
FCN
Services-Management Consulting Services
Mkt Cap
$7.55BPE
24.57Debt
$205MCash
$244MEV
$7.511BFCF
$167.7MP/E Ratio
24.57Debt
$205MCash
$244MEV
$7.511BFCF
$167.7MCharts data: {"Earnings":[{"time":"2014-12-30","value":58807000},{"time":"2015-12-30","value":66053000},{"time":"2016-12-30","value":85520000},{"time":"2017-12-30","value":107962000},{"time":"2018-12-30","value":150611000},{"time":"2019-12-30","value":216726000},{"time":"2020-12-30","value":210682000},{"time":"2021-12-30","value":234966000},{"time":"2022-12-30","value":235514000},{"time":"2023-12-30","value":274892000}],"Sales":[{"time":"2014-12-30","value":1756212000},{"time":"2015-12-30","value":1779149000},{"time":"2016-12-30","value":1810394000},{"time":"2017-12-30","value":1807732000},{"time":"2018-12-30","value":2027877000},{"time":"2019-12-30","value":2352717000},{"time":"2020-12-30","value":2461275000},{"time":"2021-12-30","value":2776222000},{"time":"2022-12-30","value":3028908000},{"time":"2023-12-30","value":3489242000}],"Net Margins":[{"time":"2014-12-30","value":0.033485137329661796},{"time":"2015-12-30","value":0.03712617661589895},{"time":"2016-12-30","value":0.04723833596443647},{"time":"2017-12-30","value":0.05972234822418367},{"time":"2018-12-30","value":0.074270283651326},{"time":"2019-12-30","value":0.09211732647828022},{"time":"2020-12-30","value":0.08559872423845365},{"time":"2021-12-30","value":0.0846351624617916},{"time":"2022-12-30","value":0.07775541548307179},{"time":"2023-12-30","value":0.07878272702208675}],"Assets":[{"time":"2014-12-30","value":2430527000},{"time":"2015-12-30","value":2229018000},{"time":"2016-12-30","value":2225368000},{"time":"2017-12-30","value":2257241000},{"time":"2018-12-30","value":2379121000},{"time":"2019-12-30","value":2783142000},{"time":"2020-12-30","value":2777363000},{"time":"2021-12-30","value":3100909000},{"time":"2022-12-30","value":3241407000},{"time":"2023-12-30","value":3325878000}],"Stockholders Equity":[{"time":"2014-12-30","value":1102746000},{"time":"2015-12-30","value":1147603000},{"time":"2016-12-30","value":1207358000},{"time":"2017-12-30","value":1191971000},{"time":"2018-12-30","value":1348825000},{"time":"2019-12-30","value":1489142000},{"time":"2020-12-30","value":1400181000},{"time":"2021-12-30","value":1583321000},{"time":"2022-12-30","value":1681721000},{"time":"2023-12-30","value":1981420000}],"ROE":[{"time":"2014-12-30","value":0.053327783551243894},{"time":"2015-12-30","value":0.05755736086434072},{"time":"2016-12-30","value":0.07083234632975471},{"time":"2017-12-30","value":0.09057435122163207},{"time":"2018-12-30","value":0.11166089003391841},{"time":"2019-12-30","value":0.14553749743140681},{"time":"2020-12-30","value":0.15046768953442446},{"time":"2021-12-30","value":0.14840073491098774},{"time":"2022-12-30","value":0.14004344359141618},{"time":"2023-12-30","value":0.13873484672608533}],"ROA":[{"time":"2014-12-30","value":0.0625773751947623},{"time":"2015-12-30","value":0.07380424922544367},{"time":"2016-12-30","value":0.06858281416826341},{"time":"2017-12-30","value":0.04982321338306366},{"time":"2018-12-30","value":0.09875117743065612},{"time":"2019-12-30","value":0.11054268880279913},{"time":"2020-12-30","value":0.10177387687529502},{"time":"2021-12-30","value":0.10063113751483839},{"time":"2022-12-30","value":0.09374879489061386},{"time":"2023-12-30","value":0.1135222037609317}]}
FTI Consulting, Inc. provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services. The Forensic and Litigation Consulting segment offers construction and environmental solutions, data and analytics, disputes, health solutions, and risk and investigation services. The Economic Consulting segment provides antitrust and competition economics, financial economics, and international arbitration services. The Technology segment offers corporate legal department consulting; e-discovery and expertise; and information governance, privacy, and security services. The Strategic Communications segment provides corporate reputation, financial communications, and public affairs services. The company serves aerospace and defense, agriculture, airlines and aviation, automotive and industrial, construction, energy, power and products, environmental solutions, financial services, healthcare and life sciences, hospitality, gaming and leisure, insurance, mining, private equity, public sector and government contracts, real estate, retail and consumer products, telecom, media and technology, and transportation and logistics industries. FTI Consulting, Inc. was incorporated in 1982 and is headquartered in Washington, the District of Columbia.
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DCF
Discounted Cash Flow Valuation of Fti Consulting, Inc
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $167.7M | $162.4M | $157.2M | $152.3M | $147.4M | $142.7M | $138.2M | $133.8M | $129.5M | $125.4M | $121.4M | $1.214B |
| DCF | $141.2M | $118.9M | $100.1M | $84.28M | $70.96M | $59.74M | $50.3M | $42.35M | $35.65M | $30.02M | $300.2M | |
| Value | $1.034B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 21%
Earnings Stability 75%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 3.7% | 4.7% | 6% | 7.4% | 9.2% | 8.6% | 8.5% | 7.8% | 7.9% | 8.5% |
| ROA | 7.4% | 6.9% | 5% | 9.9% | 11% | 10% | 10% | 9.4% | 11% | 12% |
| ROE | 5.8% | 7.1% | 9.1% | 11% | 15% | 15% | 15% | 14% | 14% | 15% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +8.22%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is -0.06%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +10.32%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +0.06%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +13.91%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +0.33%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 4.61 | 1.81 | 3.46 | 1.59 | 1.80 | 1.08 | 1.10 | 2.33 | 0.00 | 1.22 |
| Debt Equity | 0.44 | 0.31 | 0.34 | 0.23 | 0.21 | 0.23 | 0.20 | 0.19 | 0.00 | 0.10 |
| MIN | ||||||||||
| Graham Stability | - | - | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 1.22.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -0.18.
What is the Graham’s Stability?
Graham’s Stability measure stands at 1.00.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 12-2016 | 12-2018 | 12-2020 | 12-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 9.8% | 11% | 12% | 15% | 1.6% |
| Net Income | 18% | 13% | 9.3% | 17% | -2.4% |
| Stockholders Equity | 7.3% | 8% | 12% | 18% | 1.1% |
| FCF | -2.2% | -2.5% | -16% | 29% | -4.7% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +11.46%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +1.6%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +12.79%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -2.36%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +8%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +1.13%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is -2.48%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -4.68%.