WallStSmart

Fortinet Inc (FTNT)vsUltra Clean Holdings Inc (UCTT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Fortinet Inc generates 243% more annual revenue ($7.53B vs $2.20B). FTNT leads profitability with a 28.2% profit margin vs -1.1%. UCTT appears more attractively valued with a PEG of 0.33. FTNT earns a higher WallStSmart Score of 73/100 (B).

FTNT

Strong Buy

73

out of 100

Grade: B

Growth: 8.7Profit: 9.5Value: 5.3Quality: 6.0
Piotroski: 5/9Altman Z: 1.50

UCTT

Hold

44

out of 100

Grade: D

Growth: 4.0Profit: 3.0Value: 5.7Quality: 6.5
Piotroski: 5/9Altman Z: 2.09
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FTNTUndervalued (+43.5%)

Margin of Safety

+43.5%

Fair Value

$276.16

Current Price

$170.18

$105.98 discount

UndervaluedFair: $276.16Overvalued
UCTTSignificantly Overvalued (-25.7%)

Margin of Safety

-25.7%

Fair Value

$44.48

Current Price

$74.04

$29.56 premium

UndervaluedFair: $44.48Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FTNT6 strengths · Avg: 9.0/10
Return on EquityProfitability
136.7%10/10

Every $100 of equity generates 137 in profit

Operating MarginProfitability
33.6%10/10

Strong operational efficiency at 33.6%

Market CapQuality
$114.51B9/10

Large-cap with strong market position

Profit MarginProfitability
28.2%9/10

Keeps 28 of every $100 in revenue as profit

Revenue GrowthGrowth
25.6%8/10

Revenue surging 25.6% year-over-year

EPS GrowthGrowth
43.9%8/10

Earnings expanding 43.9% YoY

UCTT2 strengths · Avg: 9.0/10
PEG RatioValuation
0.3310/10

Growing faster than its price suggests

Revenue GrowthGrowth
24.3%8/10

Revenue surging 24.3% year-over-year

Areas to Watch

FTNT4 concerns · Avg: 3.0/10
PEG RatioValuation
1.744/10

Expensive relative to growth rate

Altman Z-ScoreHealth
1.504/10

Distress zone — elevated risk

P/E RatioValuation
56.1x2/10

Premium valuation, high expectations priced in

Price/BookValuation
80.7x2/10

Trading at 80.7x book value

UCTT4 concerns · Avg: 2.5/10
Operating MarginProfitability
4.6%3/10

Operating margin of 4.6%

Debt/EquityHealth
1.213/10

Elevated debt levels

Return on EquityProfitability
-30.9%2/10

ROE of -30.9% — below average capital efficiency

EPS GrowthGrowth
-40.1%2/10

Earnings declined 40.1%

Comparative Analysis Report

WallStSmart Research

Bull Case : FTNT

The strongest argument for FTNT centers on Return on Equity, Operating Margin, Market Cap. Profitability is solid with margins at 28.2% and operating margin at 33.6%. Revenue growth of 25.6% demonstrates continued momentum.

Bull Case : UCTT

The strongest argument for UCTT centers on PEG Ratio, Revenue Growth. Revenue growth of 24.3% demonstrates continued momentum. PEG of 0.33 suggests the stock is reasonably priced for its growth.

Bear Case : FTNT

The primary concerns for FTNT are PEG Ratio, Altman Z-Score, P/E Ratio. A P/E of 56.1x leaves little room for execution misses.

Bear Case : UCTT

The primary concerns for UCTT are Operating Margin, Debt/Equity, Return on Equity.

Key Dynamics to Monitor

UCTT carries more volatility with a beta of 1.88 — expect wider price swings.

FTNT is growing revenue faster at 25.6% — sustainability is the question.

FTNT generates stronger free cash flow (966M), providing more financial flexibility.

Monitor SOFTWARE - INFRASTRUCTURE industry trends, competitive dynamics, and regulatory changes.

Bottom Line

FTNT scores higher overall (73/100 vs 44/100), backed by strong 28.2% margins and 25.6% revenue growth. Both earn "Strong 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.

Fortinet Inc

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

Fortinet (Nasdaq: FTNT) is an American multinational corporation headquartered in Sunnyvale, California. It develops and sells cybersecurity solutions, including but not limited to physical products such as firewalls, plus software and services such as anti-virus protection, intrusion prevention systems and endpoint security components.

Ultra Clean Holdings Inc

TECHNOLOGY · SEMICONDUCTOR EQUIPMENT & MATERIALS · USA

Ultra Clean Holdings, Inc. designs, designs and manufactures production tools, modules and subsystems for the semiconductor and display capital equipment markets in the United States and internationally. The company is headquartered in Hayward, California.

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