TechnipFMC PLC

FTI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$45.00	Hjmxb	Fmxtnnv

TechnipFMC: Upon Further Examination, We Lift Our Fair Value Estimate by 19%

Joshua Aguilar

Aug 15, 2024

Following our review of no-moat TechnipFMC, we lift our fair value estimate to $25 from $21, though we remain at the low end of FactSet consensus ranges. Our revised fair value estimate is now roughly in line with TechnipFMC’s stock price, but remains in 3-star territory. We also maintain our no-moat, Standard Capital Allocation, and Very High Uncertainty ratings for this large, pure-play offshore oilfield service provider.

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