WallStSmart

FormFactor Inc (FORM)vsQnity Electronics, Inc (Q)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Qnity Electronics, Inc generates 506% more annual revenue ($4.75B vs $784.99M). Q leads profitability with a 14.6% profit margin vs 6.9%. FORM appears more attractively valued with a PEG of 1.39. FORM earns a higher WallStSmart Score of 53/100 (C-).

FORM

Buy

53

out of 100

Grade: C-

Growth: 6.7Profit: 5.0Value: 4.7Quality: 8.5
Piotroski: 2/9Altman Z: 4.73

Q

Hold

49

out of 100

Grade: D+

Growth: 3.3Profit: 6.0Value: 7.3Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FORMSignificantly Overvalued (-197.5%)

Margin of Safety

-197.5%

Fair Value

$32.29

Current Price

$108.07

$75.78 premium

UndervaluedFair: $32.29Overvalued
QSignificantly Overvalued (-410.3%)

Margin of Safety

-410.3%

Fair Value

$22.44

Current Price

$120.26

$97.82 premium

UndervaluedFair: $22.44Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FORM3 strengths · Avg: 10.0/10
EPS GrowthGrowth
131.8%10/10

Earnings expanding 131.8% YoY

Debt/EquityHealth
0.0410/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
4.7310/10

Safe zone — low bankruptcy risk

Q1 strengths · Avg: 8.0/10
Operating MarginProfitability
20.4%8/10

Strong operational efficiency at 20.4%

Areas to Watch

FORM4 concerns · Avg: 3.3/10
Price/BookValuation
8.1x4/10

Trading at 8.1x book value

Return on EquityProfitability
5.5%3/10

ROE of 5.5% — below average capital efficiency

Profit MarginProfitability
6.9%3/10

6.9% margin — thin

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Q4 concerns · Avg: 3.3/10
PEG RatioValuation
2.414/10

Expensive relative to growth rate

P/E RatioValuation
35.9x4/10

Premium valuation, high expectations priced in

Return on EquityProfitability
8.0%3/10

ROE of 8.0% — below average capital efficiency

EPS GrowthGrowth
-52.8%2/10

Earnings declined 52.8%

Comparative Analysis Report

WallStSmart Research

Bull Case : FORM

The strongest argument for FORM centers on EPS Growth, Debt/Equity, Altman Z-Score. Revenue growth of 13.6% demonstrates continued momentum. PEG of 1.39 suggests the stock is reasonably priced for its growth.

Bull Case : Q

The strongest argument for Q centers on Operating Margin.

Bear Case : FORM

The primary concerns for FORM are Price/Book, Return on Equity, Profit Margin. A P/E of 152.9x leaves little room for execution misses.

Bear Case : Q

The primary concerns for Q are PEG Ratio, P/E Ratio, Return on Equity.

Key Dynamics to Monitor

FORM is growing revenue faster at 13.6% — sustainability is the question.

Q generates stronger free cash flow (420M), providing more financial flexibility.

Monitor SEMICONDUCTOR EQUIPMENT & MATERIALS industry trends, competitive dynamics, and regulatory changes.

Bottom Line

FORM scores higher overall (53/100 vs 49/100) and 13.6% revenue growth. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

FormFactor Inc

TECHNOLOGY · SEMICONDUCTOR EQUIPMENT & MATERIALS · USA

FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions. The company is headquartered in Livermore, California.

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Qnity Electronics, Inc

TECHNOLOGY · SEMICONDUCTOR EQUIPMENT & MATERIALS · USA

IQVIA Holdings Inc. provides integrated information and technology-enabled healthcare services in the Americas, Europe, Africa, and Asia-Pacific. The company is headquartered in Durham, North Carolina.

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