Loading...
Docoh

TechnipFMC (FTI)

With approximately 21,000 employees, TechnipFMC would be the largest diversified pure play in the industry. The Company's role will be to support clients in the delivery of unique, integrated production solutions. TechnipFMC will continue to transform the industry through its pioneering integrated delivery model - iEPCI™, technology leadership and digital innovation.

Company profile

Ticker
FTI
Exchange
CEO
Douglas Pferdehirt
Employees
Incorporated
Location
Fiscal year end
Former names
TechnipFMC Ltd
SEC CIK
Subsidiaries
Asiaflex Products Sdn Bhd • Flexi France SAS • FMC Technologies Inc • Lusotechnip Engenharia, Sociedade Unipessoal Lda. • Technip Brasil - Engenharia, Instalacoes E Apoio Maritimo Ltda • Technip Marine (M) Sdn Bhd • Technip N-Power SAS • Technip Offshore International SAS • Technip UK Ltd • Technip-Coflexip U.K Holdings Ltd. ...

FTI stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$11.00
Low target
$8.00
High target
$14.00
B of A Securities
Upgraded
Buy
$8.00
15 Jul 22
Cowen & Co.
Maintains
Outperform
$14.00
23 Jun 22

Calendar

29 Jul 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 684.9M 684.9M 684.9M 684.9M 684.9M 684.9M
Cash burn (monthly) 172.7M 14.17M (no burn) (no burn) 32.3M (no burn)
Cash used (since last report) 249.92M 20.5M n/a n/a 46.74M n/a
Cash remaining 434.98M 664.4M n/a n/a 638.16M n/a
Runway (months of cash) 2.5 46.9 n/a n/a 19.8 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Mar 22 Nisha P. Rai Ordinary Shares Grant Acquire A No No 0 19,035 0 45,685
8 Mar 22 Rounce Justin Ordinary Shares Grant Acquire A No No 0 68,527 0 533,781
8 Mar 22 Rounce Justin Ordinary Shares Payment of exercise Dispose F No No 7.88 21,458 169.09K 465,254
8 Mar 22 Alf Melin Ordinary Shares Grant Acquire A No No 0 74,238 0 200,141
8 Mar 22 Alf Melin Ordinary Shares Payment of exercise Dispose F No No 7.88 4,049 31.91K 125,903
8 Mar 22 Krisztina Doroghazi Ordinary Shares Grant Acquire A No No 0 8,331 0 39,049
8 Mar 22 Krisztina Doroghazi Ordinary Shares Payment of exercise Dispose F No No 7.88 2,700 21.28K 30,718
89.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 273 257 +6.2%
Opened positions 61 55 +10.9%
Closed positions 45 32 +40.6%
Increased positions 110 65 +69.2%
Reduced positions 63 93 -32.3%
13F shares Current Prev Q Change
Total value 3.32B 2.42B +37.4%
Total shares 430.22M 399.8M +7.6%
Total puts 1.28M 368.6K +248.3%
Total calls 680.1K 629.7K +8.0%
Total put/call ratio 1.9 0.6 +222.5%
Largest owners Shares Value Change
TROW T. Rowe Price 60.47M $468.64M +18.1%
FMR 32.12M $248.96M +80.6%
PZN Pzena Investment Management 27.29M $211.46M +29.6%
AMP Ameriprise Financial 26.47M $206.01M +2.7%
Van Eck Associates 23.01M $178.33M +51.1%
Bpifrance Participations 22.12M $160.37M 0.0%
BEN Franklin Resources 18.43M $142.85M +30.5%
Dimensional Fund Advisors 16.55M $128.27M +21.7%
Caisse De Depot Et Placement Du Quebec 13.78M $106.77M -10.8%
BLK Blackrock 9.92M $76.85M +11.6%
Largest transactions Shares Bought/sold Change
Bpifrance 0 -20.66M EXIT
Vanguard 8.89M -14.62M -62.2%
FMR 32.12M +14.33M +80.6%
Vaughan Nelson Investment Management 2.61M -9.31M -78.1%
TROW T. Rowe Price 60.47M +9.28M +18.1%
Van Eck Associates 23.01M +7.78M +51.1%
D. E. Shaw & Co. 6.65M +6.65M NEW
PZN Pzena Investment Management 27.29M +6.24M +29.6%
Brandes Investment Partners 9.49M +4.79M +102.1%
Jupiter Asset Management 4.86M +4.75M +4353.1%

Financial report summary

?
Risks
  • Risks Related to Our Business and Industry
  • Risks Related to Our Operations
  • Risks Related to Legal Proceedings, Tax, and Regulatory Matters
  • Demand for our products and services depends on oil and gas industry activity and expenditure levels, which are directly affected by trends in the demand for and price of crude oil and natural gas.
  • We operate in a highly competitive environment and unanticipated changes relating to competitive factors in our industry, including ongoing industry consolidation, may impact our results of operations.
  • The COVID-19 pandemic has reduced demand for our products and services, and has had, and may continue to have, an adverse impact on our financial condition, results of operations, and cash flows.
  • Our success depends on our ability to develop, implement, and protect new technologies and services and the intellectual property related thereto.
  • Due to the types of contracts we enter into and the markets in which we operate, the cumulative loss of several major contracts, customers, or alliances may have an adverse effect on our results of operations, and the credit and commercial terms of certain contracts may subject us to further risks.
  • Disruptions in the political, regulatory, economic, and social conditions of the countries in which we conduct business could adversely affect our business or results of operations.
  • The United Kingdom’s withdrawal from the European Union may have a negative effect on global economic conditions, financial markets, and our business.
  • Our existing and future debt may limit cash flow available to invest in the ongoing needs of our business and could prevent us from fulfilling our obligations under our outstanding debt.
  • The terms of the agreements governing our existing indebtedness restrict our current and future operations, particularly our ability to respond to changes or to take certain actions.
  • Our acquisition and divestiture activities involve substantial risks.
  • We may lose money on fixed-price contracts.
  • Our failure to timely deliver our backlog could affect future sales, profitability, and relationships with our customers.
  • We face risks relating to our reliance on subcontractors, suppliers, and our joint venture partners.
  • A failure or breach of our IT infrastructure or that of our subcontractors, suppliers or joint venture partners, including as a result of cyber-attacks, could adversely impact our business and results of operations.
  • Pirates endanger our maritime employees and assets.
  • The industries in which we operate or have operated expose us to potential liabilities, including the installation or use of our products, which may not be covered by insurance or may be in excess of policy limits, or for which expected recoveries may not be realized.
  • Our operations require us to comply with numerous regulations, violations of which could have a material adverse effect on our financial condition, results of operations, or cash flows.
  • Compliance with environmental and climate change-related laws and regulations may adversely affect our business and results of operations.
  • Existing or future laws and regulations relating to greenhouse gas emissions and climate change may adversely affect our business.
  • As an English public limited company, we must meet certain additional financial requirements before we may declare dividends or repurchase shares and certain capital structure decisions may require stockholder approval which may limit our flexibility to manage our capital structure. We may not be able to pay dividends or repurchase our ordinary shares in accordance with our announced intent, or at all.
  • Uninsured claims and litigation against us, including product liability and claims and intellectual property litigation, could adversely impact our financial condition, results of operations, or cash flows.
  • We are subject to governmental regulation and other legal obligations related to privacy, data protection, and data security. Our actual or perceived failure to comply with such obligations could harm our business.
  • The IRS may not agree that we should be treated as a foreign corporation for U.S. federal tax purposes and may seek to impose an excise tax on gains recognized by certain individuals.
  • U.S. tax laws and/or guidance could affect our ability to engage in certain acquisition strategies and certain internal restructurings.
  • We are subject to the tax laws of numerous jurisdictions; challenges to the interpretation of, or future changes to, such laws could adversely affect us.
  • We may not qualify for benefits under tax treaties entered into between the United Kingdom and other countries.
  • We intend to be treated exclusively as a resident of the United Kingdom for tax purposes, but French or other tax authorities may seek to treat us as a tax resident of another jurisdiction.
  • Our businesses are dependent on the continuing services of our key managers and employees.
  • Seasonal and weather conditions could adversely affect demand for our services and operations.
  • Currency exchange rate fluctuations could adversely affect our financial condition, results of operations, or cash flows.
  • We are exposed to risks in connection with our defined benefit pension plan commitments.
Management Discussion
  • ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • We are a global leader in energy projects, technologies, systems and services. We have manufacturing operations worldwide, strategically located to facilitate efficient delivery of these products, technologies, systems and services to our customers. We report our results of operations in two segments: Subsea and Surface Technologies. Management’s determination of our reporting segments was made on the basis of our strategic priorities and corresponds to the manner in which our Chief Executive Officer reviews and evaluates operating performance to make decisions about resource allocations to each segment.
  • A summarized description of our products and services and annual financial data for each segment can be found in Note 7 to our consolidated financial statements.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: architect, building, Capable, clean, Clov, Eday, grid, growing, Halten, inventory, Jumbo, Marine, obtained, Orbital, Orkney, pool, Round, Russia, stream, tidal, turbine, twelve, Yellowtail
Removed: achieved, Barossa, Coral, COVID, eliminate, Eni, expand, longer, October, paper, Phase, principal, quickly, remained, serve, spending, stake, synthetic, tendered