WallStSmart

Fortinet Inc (FTNT)vsSYLA Technologies Co., Ltd. American Depositary Shares (SYT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SYLA Technologies Co., Ltd. American Depositary Shares generates 310% more annual revenue ($30.87B vs $7.53B). FTNT leads profitability with a 28.2% profit margin vs 3.6%. SYT trades at a lower P/E of 9.0x. FTNT earns a higher WallStSmart Score of 71/100 (B).

FTNT

Strong Buy

71

out of 100

Grade: B

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

SYT

Buy

60

out of 100

Grade: C

Growth: 10.0Profit: 6.5Value: 6.7Quality: 5.5
Piotroski: 5/9Altman Z: 1.55
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FTNTUndervalued (+44.5%)

Margin of Safety

+44.5%

Fair Value

$276.73

Current Price

$172.78

$103.95 discount

UndervaluedFair: $276.73Overvalued

Intrinsic value data unavailable for SYT.

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
$114.35B9/10

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

SYT5 strengths · Avg: 10.0/10
P/E RatioValuation
9.0x10/10

Attractively priced relative to earnings

Price/BookValuation
0.0x10/10

Reasonable price relative to book value

Return on EquityProfitability
38.6%10/10

Every $100 of equity generates 39 in profit

Revenue GrowthGrowth
51.3%10/10

Revenue surging 51.3% year-over-year

EPS GrowthGrowth
144.9%10/10

Earnings expanding 144.9% YoY

Areas to Watch

FTNT4 concerns · Avg: 3.0/10
PEG RatioValuation
2.204/10

Expensive relative to growth rate

Altman Z-ScoreHealth
1.504/10

Distress zone — elevated risk

P/E RatioValuation
56.5x2/10

Premium valuation, high expectations priced in

Price/BookValuation
81.9x2/10

Trading at 81.9x book value

SYT4 concerns · Avg: 3.0/10
Altman Z-ScoreHealth
1.554/10

Distress zone — elevated risk

Market CapQuality
$60.16M3/10

Smaller company, higher risk/reward

Profit MarginProfitability
3.6%3/10

3.6% margin — thin

Free Cash FlowQuality
$-9.93B2/10

Negative free cash flow — burning cash

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 : SYT

The strongest argument for SYT centers on P/E Ratio, Price/Book, Return on Equity. Revenue growth of 51.3% demonstrates continued momentum.

Bear Case : FTNT

The primary concerns for FTNT are PEG Ratio, Altman Z-Score, P/E Ratio. A P/E of 56.5x leaves little room for execution misses.

Bear Case : SYT

The primary concerns for SYT are Altman Z-Score, Market Cap, Profit Margin. Debt-to-equity of 3.36 is elevated, increasing financial risk. Thin 3.6% margins leave little buffer for downturns.

Key Dynamics to Monitor

FTNT profiles as a growth stock while SYT is a hypergrowth play — different risk/reward profiles.

SYT carries more volatility with a beta of 2.41 — expect wider price swings.

SYT is growing revenue faster at 51.3% — sustainability is the question.

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

Bottom Line

FTNT scores higher overall (71/100 vs 60/100), backed by strong 28.2% margins and 25.6% revenue growth. Both earn "Strong Buy" and "Buy" 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.

SYLA Technologies Co., Ltd. American Depositary Shares

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Syngenta AG, an agribusiness company, participates in the crop protection, seed and lawn and garden markets globally.

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