Company Valuation: Fortive Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 27,356 22,732 25,876 26,021 17,535 17,865 - -
Change - -16.9% 13.83% 0.56% -32.61% 1.88% - -
Enterprise Value (EV) 1 30,496 25,274 27,633 28,915 20,366 20,147 19,536 19,046
Change - -17.12% 9.33% 4.64% -29.57% -1.08% -3.03% -2.51%
P/E ratio 46.8x 30.6x 30.3x 31.8x 34.7x 29.4x 26.3x 23.8x
PBR 2.88x 2.34x 2.54x 2.6x 2.68x 2.54x 2.42x 2.2x
PEG - 1.1x 1.9x -11.04x -1.1x 1.2x 2.3x 2.3x
Capitalization / Revenue 5.21x 3.9x 4.27x 4.18x 4.22x 4.14x 3.99x 3.81x
EV / Revenue 5.8x 4.34x 4.56x 4.64x 4.9x 4.67x 4.36x 4.07x
EV / EBITDA 23.7x 16.7x 16.5x 16.4x 16.5x 15.5x 14.3x 13.1x
EV / EBIT 37.5x 25.6x 24.4x 24x 28.3x 23.5x 21x 19x
EV / FCF 33.5x 20.9x 22.2x 20.6x 20.8x 20.9x 19.3x 17.1x
FCF Yield 2.99% 4.78% 4.51% 4.86% 4.8% 4.78% 5.17% 5.83%
Dividend per Share 2 0.28 0.28 0.29 0.32 - 0.312 0.3477 0.3815
Rate of return 0.37% 0.44% 0.39% 0.43% - 0.54% 0.6% 0.66%
EPS 2 1.63 2.1 2.43 2.36 1.59 1.976 2.206 2.434
Distribution rate 17.2% 13.3% 11.9% 13.6% - 15.8% 15.8% 15.7%
Net sales 1 5,255 5,826 6,065 6,232 4,159 4,318 4,480 4,684
EBITDA 1 1,287 1,515 1,671 1,767 1,233 1,300 1,366 1,451
EBIT 1 812.8 987.4 1,134 1,207 720.2 856.3 932.2 1,004
Net income 1 573.9 755.2 865.8 832.9 532.7 621.3 689.6 757.6
Net Debt 1 3,140 2,542 1,757 2,894 2,830 2,282 1,671 1,181
Reference price 2 76.29 64.25 73.63 75.00 55.21 58.03 58.03 58.03
Nbr of stocks (in thousands) 3,58,578 3,53,808 3,51,434 3,46,949 3,17,612 3,07,859 - -
Announcement Date 03/02/22 01/02/23 31/01/24 07/02/25 04/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
29.37x4.67x15.5x0.54% 1.79TCr
35.84x6.14x22.64x0.75% 12TCr
36.09x6.14x23x1.7% 3.7TCr
33.95x4.77x17.45x0.09% 3.54TCr
27.67x3.32x14.34x1.35% 3.07TCr
23.54x3.51x15.1x1.01% 2.91TCr
23.07x1.81x14.68x1.98% 2.84TCr
27.56x4.5x16.06x1.46% 2.76TCr
25.21x3.27x15.77x1.78% 2.33TCr
29.34x2.55x16.52x1.81% 2.28TCr
Average 29.16x 4.07x 17.11x 1.25% 3.74TCr
Weighted average by Cap. 31.11x 4.66x 18.68x 1.11%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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