Financials Fortive Corporation

Equities

FTV

US34959J1088

Industrial Machinery & Equipment

Real-time Estimate Cboe BZX 10:22:15 2024-05-08 am EDT 5-day change 1st Jan Change
76.7 USD -0.45% Intraday chart for Fortive Corporation +1.74% +4.24%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 25,652 23,880 27,356 22,732 25,876 27,120 - -
Enterprise Value (EV) 1 30,775 26,286 30,496 25,274 27,633 29,316 27,351 24,535
P/E ratio 39.6 x 15.8 x 46.8 x 30.6 x 30.3 x 28.7 x 24.6 x 20.6 x
Yield 0.37% 0.4% 0.37% 0.44% 0.39% 0.4% 0.43% 0.47%
Capitalization / Revenue 3.5 x 3.67 x 5.21 x 3.9 x 4.27 x 4.23 x 4.02 x 3.71 x
EV / Revenue 4.2 x 4.04 x 5.8 x 4.34 x 4.56 x 4.57 x 4.05 x 3.36 x
EV / EBITDA 18.1 x 17.1 x 23.7 x 16.7 x 16.5 x 16 x 13.9 x 11.3 x
EV / FCF 26.6 x 19.3 x 33.5 x 20.9 x 22.2 x 20.8 x 17.6 x 13.6 x
FCF Yield 3.77% 5.18% 2.99% 4.78% 4.51% 4.82% 5.67% 7.35%
Price to Book 3.47 x 2.67 x 2.88 x 2.34 x 2.54 x 2.46 x 2.25 x 1.99 x
Nbr of stocks (in thousands) 335,804 337,196 358,578 353,808 351,434 352,029 - -
Reference price 2 76.39 70.82 76.29 64.25 73.63 77.04 77.04 77.04
Announcement Date 2/6/20 2/4/21 2/3/22 2/1/23 1/31/24 - - -
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 6,409 6,746 7,310
EBITDA 1 1,697 1,540 1,287 1,515 1,671 1,837 1,975 2,163
EBIT 1 1,004 805 812.8 987.4 1,134 1,299 1,435 1,688
Operating Margin 13.72% 12.36% 15.47% 16.95% 18.69% 20.27% 21.27% 23.09%
Earnings before Tax (EBT) 1 874.5 1,754 677.5 873.5 990.8 1,120 1,297 1,530
Net income 1 656.4 1,544 573.9 755.2 865.8 949 1,104 1,322
Net margin 8.97% 23.72% 10.92% 12.96% 14.27% 14.81% 16.37% 18.09%
EPS 2 1.930 4.490 1.630 2.100 2.430 2.682 3.127 3.740
Free Cash Flow 1 1,159 1,361 911.1 1,207 1,246 1,412 1,550 1,802
FCF margin 15.83% 20.9% 17.34% 20.73% 20.54% 22.04% 22.97% 24.66%
FCF Conversion (EBITDA) 68.29% 88.38% 70.78% 79.71% 74.56% 76.88% 78.48% 83.33%
FCF Conversion (Net income) 176.55% 88.13% 158.76% 159.88% 143.89% 148.81% 140.37% 136.33%
Dividend per Share 2 0.2800 0.2800 0.2800 0.2800 0.2900 0.3114 0.3286 0.3638
Announcement Date 2/6/20 2/4/21 2/3/22 2/1/23 1/31/24 - - -
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 1,569 1,592 1,697 1,608 1,661
EBITDA 1 354 338.2 373.1 382.2 415.7 372.7 415.5 408.5 463.1 430.1 441 456.9 517.4 448 479.2
EBIT 1 201.6 212.3 232.3 251.9 290.9 240.4 291.3 291.1 310.9 302.2 301.4 323 381.3 314.6 342
Operating Margin 14.66% 15.42% 15.88% 17.3% 19.01% 16.46% 19.08% 19.48% 19.63% 19.82% 19.21% 20.3% 22.46% 19.57% 20.59%
Earnings before Tax (EBT) 1 175.7 190.8 208.2 217.5 257 205.8 250.4 257.1 277.5 234 259.7 281.5 341.8 278.4 306.7
Net income 1 165 165.1 173 189.9 227.2 173.6 209 218 265.2 207.4 219.8 238.3 289.7 233.8 260.2
Net margin 12% 11.99% 11.82% 13.04% 14.85% 11.88% 13.69% 14.59% 16.75% 13.6% 14% 14.97% 17.07% 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 0.6629 0.7114 0.8614 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 2/3/22 4/28/22 7/28/22 10/26/22 2/1/23 4/26/23 7/26/23 10/25/23 1/31/24 4/24/24 - - - - -
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 2,196 231 -
Net Cash position 1 - - - - - - - 2,585
Leverage (Debt/EBITDA) 3.019 x 1.562 x 2.439 x 1.678 x 1.052 x 1.195 x 0.1171 x -
Free Cash Flow 1 1,159 1,361 911 1,207 1,246 1,412 1,550 1,802
ROE (net income / shareholders' equity) 17.9% 9.2% 10.8% 11.8% 12.2% 12.7% 13.1% 13.7%
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 14,489 15,772 19,160
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 95.8 108 113 114 119
Capex / Sales 1.54% 1.16% 0.95% 1.64% 1.78% 1.76% 1.68% 1.62%
Announcement Date 2/6/20 2/4/21 2/3/22 2/1/23 1/31/24 - - -
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
77.04 USD
Average target price
88.63 USD
Spread / Average Target
+15.04%
Consensus
  1. Stock Market
  2. Equities
  3. FTV Stock
  4. Financials Fortive Corporation
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