Financials Fortive Corporation

Equities

FTV

US34959J1088

Industrial Machinery & Equipment

Market Closed - Nyse 01:33:24 13/07/2024 am IST 5-day change 1st Jan Change
75.59 USD +0.85% Intraday chart for Fortive Corporation +4.39% +2.66%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 25,652 23,880 27,356 22,732 25,876 26,610 - -
Enterprise Value (EV) 1 30,775 26,286 30,496 25,274 27,633 28,819 26,387 24,025
P/E ratio 39.6 x 15.8 x 46.8 x 30.6 x 30.3 x 28.4 x 24.5 x 20.6 x
Yield 0.37% 0.4% 0.37% 0.44% 0.39% 0.42% 0.44% 0.48%
Capitalization / Revenue 3.5 x 3.67 x 5.21 x 3.9 x 4.27 x 4.16 x 3.95 x 3.65 x
EV / Revenue 4.2 x 4.04 x 5.8 x 4.34 x 4.56 x 4.51 x 3.92 x 3.3 x
EV / EBITDA 18.1 x 17.1 x 23.7 x 16.7 x 16.5 x 15.8 x 13.5 x 11.2 x
EV / FCF 26.6 x 19.3 x 33.5 x 20.9 x 22.2 x 20.4 x 16.9 x 13.3 x
FCF Yield 3.77% 5.18% 2.99% 4.78% 4.51% 4.9% 5.91% 7.5%
Price to Book 3.47 x 2.67 x 2.88 x 2.34 x 2.54 x 2.41 x 2.2 x 1.95 x
Nbr of stocks (in thousands) 3,35,804 3,37,196 3,58,578 3,53,808 3,51,434 3,52,029 - -
Reference price 2 76.39 70.82 76.29 64.25 73.63 75.59 75.59 75.59
Announcement Date 06/02/20 04/02/21 03/02/22 01/02/23 31/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,320 6,512 5,255 5,826 6,065 6,396 6,736 7,289
EBITDA 1 1,697 1,540 1,287 1,515 1,671 1,826 1,960 2,137
EBIT 1 1,004 805 812.8 987.4 1,134 1,285 1,421 1,650
Operating Margin 13.72% 12.36% 15.47% 16.95% 18.69% 20.1% 21.09% 22.64%
Earnings before Tax (EBT) 1 874.5 1,754 677.5 873.5 990.8 1,112 1,278 1,505
Net income 1 656.4 1,544 573.9 755.2 865.8 942.3 1,092 1,301
Net margin 8.97% 23.72% 10.92% 12.96% 14.27% 14.73% 16.21% 17.84%
EPS 2 1.930 4.490 1.630 2.100 2.430 2.666 3.091 3.677
Free Cash Flow 1 1,159 1,361 911.1 1,207 1,246 1,413 1,559 1,802
FCF margin 15.83% 20.9% 17.34% 20.73% 20.54% 22.1% 23.14% 24.73%
FCF Conversion (EBITDA) 68.29% 88.38% 70.78% 79.71% 74.56% 77.43% 79.54% 84.34%
FCF Conversion (Net income) 176.55% 88.13% 158.76% 159.88% 143.89% 150% 142.7% 138.57%
Dividend per Share 2 0.2800 0.2800 0.2800 0.2800 0.2900 0.3138 0.3338 0.3652
Announcement Date 06/02/20 04/02/21 03/02/22 01/02/23 31/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,375 1,376 1,463 1,456 1,530 1,461 1,526 1,494 1,584 1,524 1,566 1,586 1,696 1,608 1,661
EBITDA 1 354 338.2 373.1 382.2 415.7 372.7 415.5 408.5 463.1 430.1 438.3 453.7 518.1 448 479.2
EBIT 1 201.6 212.3 232.3 251.9 290.9 240.4 291.3 291.1 310.9 302.2 296 315.4 379.7 314.6 342
Operating Margin 14.66% 15.42% 15.88% 17.3% 19.01% 16.46% 19.08% 19.48% 19.63% 19.82% 18.9% 19.89% 22.38% 19.57% 20.59%
Earnings before Tax (EBT) 1 175.7 190.8 208.2 217.5 257 205.8 250.4 257.1 277.5 234 251.1 276.8 340.7 278.4 306.7
Net income 1 165 165.1 173 189.9 227.2 173.6 209 218 265.2 207.4 216.2 234.7 289.3 233.8 260.2
Net margin 12% 11.99% 11.82% 13.04% 14.85% 11.88% 13.69% 14.59% 16.75% 13.6% 13.81% 14.8% 17.05% 14.54% 15.66%
EPS 2 0.4500 0.4500 0.4800 0.5300 0.6400 0.4900 0.5900 0.6100 0.7500 0.5800 0.6040 0.6620 0.8160 0.6600 0.7333
Dividend per Share 2 0.0700 0.0700 0.0700 0.0700 0.0700 0.0700 0.0700 0.0700 0.0800 - 0.0733 0.0733 0.0733 0.0750 0.0800
Announcement Date 03/02/22 28/04/22 28/07/22 26/10/22 01/02/23 26/04/23 26/07/23 25/10/23 31/01/24 24/04/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 5,123 2,405 3,140 2,542 1,757 2,209 - -
Net Cash position 1 - - - - - - 223 2,585
Leverage (Debt/EBITDA) 3.019 x 1.562 x 2.439 x 1.678 x 1.052 x 1.21 x - -
Free Cash Flow 1 1,159 1,361 911 1,207 1,246 1,413 1,559 1,802
ROE (net income / shareholders' equity) 17.9% 9.2% 10.8% 11.8% 12.2% 12.7% 13% 13.6%
ROA (Net income/ Total Assets) 8.23% 4.49% 6.13% 7% 7.44% 6.55% 7% 6.9%
Assets 1 7,977 34,393 9,364 10,783 11,639 14,386 15,604 18,851
Book Value Per Share 2 22.00 26.50 26.50 27.40 29.00 31.40 34.30 38.80
Cash Flow per Share 2 3.740 4.000 2.730 3.610 3.810 4.350 4.830 5.470
Capex 1 113 75.7 50 95.8 108 113 113 119
Capex / Sales 1.54% 1.16% 0.95% 1.64% 1.78% 1.77% 1.68% 1.63%
Announcement Date 06/02/20 04/02/21 03/02/22 01/02/23 31/01/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
75.59 USD
Average target price
88.13 USD
Spread / Average Target
+16.58%
Consensus
  1. Stock Market
  2. Equities
  3. FTV Stock
  4. Financials Fortive Corporation