Fortive Corporation (FTV)
NYSE: FTV · Real-Time Price · USD
71.16
-0.18 (-0.25%)
Nov 4, 2024, 4:00 PM EST - Market closed

Fortive Statistics

Total Valuation

Fortive has a market cap or net worth of $24.69 billion. The enterprise value is $27.93 billion.

Market Cap 24.69B
Enterprise Value 27.93B

Important Dates

The last earnings date was Wednesday, October 30, 2024, before market open.

Earnings Date Oct 30, 2024
Ex-Dividend Date Sep 13, 2024

Share Statistics

Fortive has 346.95 million shares outstanding. The number of shares has decreased by -0.53% in one year.

Current Share Class 346.95M
Shares Outstanding 346.95M
Shares Change (YoY) -0.53%
Shares Change (QoQ) -0.70%
Owned by Insiders (%) 0.34%
Owned by Institutions (%) 97.71%
Float 345.32M

Valuation Ratios

The trailing PE ratio is 28.46 and the forward PE ratio is 17.25. Fortive's PEG ratio is 1.61.

PE Ratio 28.46
Forward PE 17.25
PS Ratio 4.03
Forward PS 3.68
PB Ratio 2.34
P/FCF Ratio 18.24
PEG Ratio 1.61
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 16.44, with an EV/FCF ratio of 20.63.

EV / Earnings 31.40
EV / Sales 4.51
EV / EBITDA 16.44
EV / EBIT 23.79
EV / FCF 20.63

Financial Position

The company has a current ratio of 1.25, with a Debt / Equity ratio of 0.38.

Current Ratio 1.25
Quick Ratio 0.88
Debt / Equity 0.38
Debt / EBITDA 2.31
Debt / FCF 2.98
Interest Coverage 7.92

Financial Efficiency

Return on equity (ROE) is 8.62% and return on invested capital (ROIC) is 5.32%.

Return on Equity (ROE) 8.62%
Return on Assets (ROA) 4.43%
Return on Capital (ROIC) 5.32%
Revenue Per Employee $344,178
Profits Per Employee $49,406
Employee Count 18,000
Asset Turnover 0.37
Inventory Turnover 4.47

Taxes

In the past 12 months, Fortive has paid $83.10 million in taxes.

Income Tax 83.10M
Effective Tax Rate 8.55%

Stock Price Statistics

The stock price has increased by +7.90% in the last 52 weeks. The beta is 1.17, so Fortive's price volatility has been higher than the market average.

Beta (5Y) 1.17
52-Week Price Change +7.90%
50-Day Moving Average 75.20
200-Day Moving Average 77.02
Relative Strength Index (RSI) 26.51
Average Volume (20 Days) 2,453,060

Short Selling Information

The latest short interest is 3.55 million, so 1.02% of the outstanding shares have been sold short.

Short Interest 3.55M
Short Previous Month 3.02M
Short % of Shares Out 1.02%
Short % of Float 1.03%
Short Ratio (days to cover) 1.91

Income Statement

In the last 12 months, Fortive had revenue of $6.20 billion and earned $889.30 million in profits. Earnings per share was $2.50.

Revenue 6.20B
Gross Profit 3.70B
Operating Income 1.17B
Pretax Income 997.30M
Net Income 889.30M
EBITDA 1.70B
EBIT 1.17B
Earnings Per Share (EPS) $2.50
Full Income Statement

Balance Sheet

The company has $811.30 million in cash and $4.04 billion in debt, giving a net cash position of -$3.23 billion or -$9.31 per share.

Cash & Cash Equivalents 811.30M
Total Debt 4.04B
Net Cash -3.23B
Net Cash Per Share -$9.31
Equity (Book Value) 10.56B
Book Value Per Share 30.43
Working Capital 534.40M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $1.47 billion and capital expenditures -$117.50 million, giving a free cash flow of $1.35 billion.

Operating Cash Flow 1.47B
Capital Expenditures -117.50M
Free Cash Flow 1.35B
FCF Per Share $3.90
Full Cash Flow Statement

Margins

Gross margin is 59.74%, with operating and profit margins of 18.95% and 14.35%.

Gross Margin 59.74%
Operating Margin 18.95%
Pretax Margin 15.70%
Profit Margin 14.35%
EBITDA Margin 27.42%
EBIT Margin 18.95%
FCF Margin 21.44%

Dividends & Yields

This stock pays an annual dividend of $0.32, which amounts to a dividend yield of 0.45%.

Dividend Per Share $0.32
Dividend Yield 0.45%
Dividend Growth (YoY) 14.29%
Years of Dividend Growth 1
Payout Ratio 12.80%
Buyback Yield 0.53%
Shareholder Yield 0.98%
Earnings Yield 3.60%
FCF Yield 5.48%
Dividend Details

Analyst Forecast

The average price target for Fortive is $88.20, which is 23.95% higher than the current price. The consensus rating is "Buy".

Price Target $88.20
Price Target Difference 23.95%
Analyst Consensus Buy
Analyst Count 12
Revenue Growth Forecast (5Y) 9.17%
EPS Growth Forecast (5Y) 19.49%
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

Fortive has an Altman Z-Score of 3.56 and a Piotroski F-Score of 6.

Altman Z-Score 3.56
Piotroski F-Score 6