4 models fit TechnipFMC plc Ordinary Share and they partly agree: 2 of 4 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)Bronze42
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionTechnipFMC plc Ordinary Share (FTI)
Fair value (4 models)
$34.75
ACCE price target
$79.00
Rating
Overvalued
Horizon
12 months
Fair value published on 19 Oct 2026, 19:04 CEST; previously $36.13 since 15 Oct 2026, 00:00 CEST.
ACCE price target published on 24 Sept 2026, 00:00 CEST.
Rating published on 19 Oct 2026, 19:04 CEST.
Price used: $69.89 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
101.1% above
-50.3% to fair value
ACCE score
69
out of 100
Analysts
68% buy
22 covering
P/E
24.4x
forward 21.3x
1-year return
+70.8%
Dividend yield
0.29%
TechnipFMC plc Ordinary Share in four questions
Plain answers, details below
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Overview
ACCE thesis
TechnipFMC designs and builds subsea production systems, floating facilities and surface wellhead equipment for offshore oil and gas projects, and it sells these as complete project packages rather than individual parts. Its moat sits in that integration: few rivals can deliver a full subsea field from design through installation and aftermarket service, and the multi-year contracts that follow give it a long revenue tail. Management is leaning into this with a steady flow of offshore awards and a growing share of recurring service and lifecycle revenue. Current numbers support a closer look: revenue is growing 9.0%, operating margin is 17.7%, return on equity is 35.8%, and the stock trades at 19.3 times forward earnings against 24.3 times trailing. The gap between those two multiples implies the market expects earnings to rise, and whether that happens depends on the pace of offshore project awards, which is the first thing to check in the filings.