Fortive Corporation (FTV)
NYSE: FTV · IEX Real-Time Price · USD
77.16
-0.17 (-0.22%)
May 17, 2024, 4:00 PM EDT - Market closed

Fortive Statistics

Total Valuation

Fortive has a market cap or net worth of $27.16 billion. The enterprise value is $30.40 billion.

Market Cap 27.16B
Enterprise Value 30.40B

Important Dates

The last earnings date was Wednesday, April 24, 2024, before market open.

Earnings Date Apr 24, 2024
Ex-Dividend Date May 31, 2024

Share Statistics

Fortive has 352.03 million shares outstanding. The number of shares has decreased by -0.14% in one year.

Shares Outstanding 352.03M
Shares Change (YoY) -0.14%
Shares Change (QoQ) +0.45%
Owned by Insiders (%) 0.32%
Owned by Institutions (%) 96.01%
Float 350.38M

Valuation Ratios

The trailing PE ratio is 30.62 and the forward PE ratio is 19.57. Fortive's PEG ratio is 1.39.

PE Ratio 30.62
Forward PE 19.57
PS Ratio 4.43
Forward PS 4.14
PB Ratio 2.59
P/FCF Ratio 20.20
PEG Ratio 1.39
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 18.59, with an EV/FCF ratio of 22.61.

EV / Earnings 33.79
EV / Sales 4.96
EV / EBITDA 18.59
EV / EBIT 26.33
EV / FCF 22.61

Financial Position

The company has a current ratio of 1.50, with a Debt / Equity ratio of 0.38.

Current Ratio 1.50
Quick Ratio 0.96
Debt / Equity 0.38
Debt / EBITDA 2.41
Debt / FCF 2.93
Interest Coverage 8.53

Financial Efficiency

Return on equity (ROE) is 8.80% and return on invested capital (ROIC) is 6.93%.

Return on Equity (ROE) 8.80%
Return on Assets (ROA) 5.50%
Return on Capital (ROIC) 6.93%
Revenue Per Employee $340,506
Profits Per Employee $49,978
Employee Count 18,000
Asset Turnover 0.37
Inventory Turnover 4.31

Taxes

In the past 12 months, Fortive has paid $119.40 million in taxes.

Income Tax 119.40M
Effective Tax Rate 11.72%

Stock Price Statistics

The stock price has increased by +18.51% in the last 52 weeks. The beta is 1.20, so Fortive's price volatility has been higher than the market average.

Beta (1Y) 1.20
52-Week Price Change +18.51%
50-Day Moving Average 81.31
200-Day Moving Average 76.32
Relative Strength Index (RSI) 41.95
Average Volume (30 Days) 1,608,652

Short Selling Information

The latest short interest is 2.95 million, so 0.84% of the outstanding shares have been sold short.

Short Interest 2.95M
Short Previous Month 3.20M
Short % of Shares Out 0.84%
Short % of Float 0.84%
Short Ratio (days to cover) 1.60

Income Statement

In the last 12 months, Fortive had revenue of $6.13 billion and earned $899.60 million in profits. Earnings per share was $2.52.

Revenue 6.13B
Gross Profit 3.65B
Operating Income 1.13B
Pretax Income 1.02B
Net Income 899.60M
EBITDA 1.64B
EBIT 1.15B
Earnings Per Share (EPS) $2.52
Full Income Statement

Balance Sheet

The company has $704.60 million in cash and $3.94 billion in debt, giving a net cash position of -$3.24 billion or -$9.20 per share.

Cash & Cash Equivalents 704.60M
Total Debt 3.94B
Net Cash -3.24B
Net Cash Per Share -$9.20
Equity / Book Value 10.48B
Book Value Per Share 29.76
Working Capital 875.20M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $1.44 billion and capital expenditures -$91.20 million, giving a free cash flow of $1.34 billion.

Operating Cash Flow 1.44B
Capital Expenditures -91.20M
Free Cash Flow 1.34B
FCF Per Share $3.82
Full Cash Flow Statement

Margins

Gross margin is 59.55%, with operating and profit margins of 18.48% and 14.68%.

Gross Margin 59.55%
Operating Margin 18.48%
Pretax Margin 16.63%
Profit Margin 14.68%
EBITDA Margin 26.68%
EBIT Margin 18.83%
FCF Margin 21.94%

Dividends & Yields

This stock pays an annual dividend of $0.32, which amounts to a dividend yield of 0.41%.

Dividend Per Share $0.32
Dividend Yield 0.41%
Dividend Growth (YoY) 10.71%
Years of Dividend Growth 1
Payout Ratio 12.70%
Buyback Yield 0.14%
Shareholder Yield 0.55%
Earnings Yield 3.31%
FCF Yield 4.95%
Dividend Details

Analyst Forecast

The average price target for Fortive is $87.91, which is 13.93% higher than the current price. The consensus rating is "Buy".

Price Target $87.91
Price Target Difference 13.93%
Analyst Consensus Buy
Analyst Count 12
Revenue Growth Forecast (5Y) 9.17%
EPS Growth Forecast (5Y) 19.49%
Stock Forecasts

Stock Splits

The last stock split was on October 9, 2020. It was a forward split with a ratio of 1195:1000.

Last Split Date Oct 9, 2020
Split Type Forward
Split Ratio 1195:1000

Scores

Fortive has an Altman Z-Score of 3.56 and a Piotroski F-Score of 8.

Altman Z-Score 3.56
Piotroski F-Score 8