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Company Analysis

Forrester Research, Inc. FORR

A comprehensive view of key metrics, scores, and financial health for Forrester Research, Inc.

Overview of Forrester Research, Inc.

FORR NMS
Industrials Consulting Services Framework: General Corporate Micro Cap
Forrester Research, Inc. (FORR), is a Micro Cap company, in the Consulting Services industry, last closed at $9.85, about 109.2% undervalued vs fair value, +31.0% 1Y return, ranked 576/669 in sector.
Metrics Rev Growth -8.2% ROE -67.0% Gross Margin 57.0%
USD 9.85
-10.54%
(Delayed)
• Vol 90d: 59.4%
52-Week Range
Market Cap
$187.50M
Enterprise Value
$162.99M
Overall Score
View breakdown
Overall
Growth
Weak
Profitability
Weak
Health
Fair
Efficiency
Fair
Valuation
Fair
Growth
Weak
Profitability
Weak
Health
Fair
Efficiency
Fair
Valuation
Fair
Completeness: 88%
Confidence: 92%
Updated: Oct 31
Top Beats

Quick Facts

Website https://www.forrester.com
HQ Cambridge, MA
Employees 1,474
Fiscal year Dec 31

Next Events

No upcoming events available.

Fair Value Snapshot

Bear Base Bull
$17
$21
$25
Current: $9.85 +109% vs base

Engine Room Money Flow™

Micro Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$396.9M
-8.2%%
Gross Profit
$226.2M
-9.5%%
Operating Income
-$113.2M
-15393.6%%
Net Income
-$119.4M
-1976.9%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio FY2025
-15.2%

Operating Cash Flow / Net Income

FCF / Net Income - not meaningful while net income is negative (a near-100% ratio here only reflects cash burn tracking accounting losses, not earnings quality)

Locked Metric
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Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
3
Active Leaks
2/3
Improving
2
High Impact
1
Critical
Locked Leak
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Locked Leak
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Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating Forrester Research, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
40
/100
Developing
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key risks

  • ROIC Below WACC or Peers ROIC at 17.6th percentile suggests inefficient capital deployment.
  • Liquidity Concerns Liquidity is concerning (score 0.23), raising questions about short-term obligations.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

vs Industry Peers 95% Coverage
Trade-Off Triangle Visualization A ternary plot showing FORR's balance between Growth (16.2%), Profitability (32.4%), and Safety (51.4%). Growth 16% Safety 51% Profitability 32%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

14th percentile vs peers
15
Key Signals
Rev Growth YoY -8.2% 19p Revenue CAGR 3Y -9.6% 15p TSR -25.0% 24p EPS Growth YoY -19.85 1p
Strengths
  • Gross Profit Margin in top 20% of peers (57.0%, 82th percentile)
  • Cash Flow to Debt Ratio in top 20% of peers (7.04, 95th percentile)
  • Conservative leverage compared to industry peers
Risks
  • Growth in bottom 20% of peers (percentile: 14)
  • Rev Growth YoY in bottom 20% of peers (-8.2%)
  • EPS Growth YoY in bottom 20% of peers (-19.85)

Profitability

29th percentile vs peers
29
Key Signals
Strengths
Risks
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Safety

46th percentile vs peers
46
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for Forrester Research, Inc..

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$20.61
- - -
+109.2% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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