TechnipFMC plc (FTI) is overvalued and Kodiak Gas Services Inc (KGS) is overvalued.
Both trade above our estimate of their intrinsic value. FTI is the closer of the two: -24%, against -27% for KGS.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.3% (average of 3 methods) values the shares at $57.15; the price of $70.82 is 24% above that value, and 75% of that value comes from beyond year five.
Leak Score 76/100 on 10 of 12 signals
Discounting its cash flows at 8.2% (average of 3 methods) values the shares at $43.16; the price of $54.69 is 27% above that value, and 80% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
| Metric | FTI | KGS |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $70.82 | $54.69 |
| Intrinsic value | $57.15 | $43.16 |
| Margin of safety | -24% | -27% |
| Leak Score | 76/100 (10/12) | 0/100 (2/12) |
| Market cap | $27.8B | $5.5B |
| Revenue growth, 5 years | 8.5% | 19.7% |
| Operating margin | 14.7% | 32.6% |
| Net margin | 11.4% | 5.6% |
| Return on equity | 36.0% | 4.6% |
| Debt to equity | 0.38 | 1.31 |
| P/E | 24.7x | 65.3x |
| Forward P/E | 19.6x | 18.0x |
| P/B | 8.5x | 2.5x |
| Dividend yield | 0.3% | 3.6% |