3/01/2015

Small Cap, Profitable, Value, Oversold, Strong Growth


“Furmanite Corp together with its subsidiaries provides technical services, including leak sealing & hot tapping under pressure, on-site machining, heat treatment, heat exchanger repair & manufacture, concrete repair, bolting, valve testing & repair.” Morningstar


Summary:
·         Small cap profitable value stock with strong growth down 40% for the prior 52 weeks. Serves a wide group of industrial sectors.

·         Worldwide revenues with 3,000 employees, ~85 locations. Financially strong with a +85 year history, founded in 1952.

·         Material insider buys from a diversified group near the  current price during end of 2014. 

·         Historically and industry cheap using EV to sales or EV to non cash asset(EV to non cash assets was 1.18 for the MRQ versus a 2013 EV/non cash assets of 2.10). Equity per share for the MRQ was 3.71 versus 2010 balance of 2.66; revenue per share increased to 13.87 for TTM versus 2011 8.48, GP per share was 3.38 for the TTM versus 2.60 for 2011.


·         Value institutions, Royce, Ariel and Gamco all increasing position for the quarter ending 12/31/14








































Market Cap:261.84M (price = $6.95), Enterprise Value: 283.94M

Price/Sales(ttm): 0.51, Price/Book (mrq):1.91

EV/Revenue (ttm): 0.54, EV/EBITDA (ttm): 9.34

Qtrly Revenue Growth (yoy): 24.70%,Gross Profit(ttm):121.25M

52-Week Change:  -40.60%

52-Week High: 12.34, 52-Week Low: 5.75

% Held by Insiders:  3.43%, % Held by Institutions:   65.60%


Image below taken from Morningstar





















Value based Ownership:


















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