Fortive Corporation (FTV)

NYSE: FTV · IEX Real-Time Price · USD
56.28
+1.51 (2.76%)
Jun 24, 2022 4:04 PM EDT - Market closed

Total Valuation

Fortive has a market cap or net worth of $20.17 billion. The enterprise value is $23.23 billion.

Market Cap 20.17B
Enterprise Value 23.23B

Important Dates

The next earnings date is Thursday, August 4, 2022, after market close.

Estimated Earnings Date Aug 4, 2022
Ex-Dividend Date May 26, 2022

Share Statistics

Fortive has 358.45 million shares outstanding. The number of shares has increased by 6.11% in one year.

Shares Outstanding 358.45M
Shares Change (YoY) +6.11%
Shares Change (QoQ) +0.03%
Owned by Insiders (%) 1.45%
Owned by Institutions (%) 101.74%
Float 349.12M

Valuation Ratios

The trailing PE ratio is 30.92 and the forward PE ratio is 17.45. Fortive's PEG ratio is 1.52.

PE Ratio 30.92
Forward PE 17.45
PS Ratio 3.76
PB Ratio 2.11
P/FCF Ratio 20.69
PEG Ratio 1.52
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 18.49, with a EV/FCF ratio of 23.82.

EV / Earnings 35.95
EV / Sales 4.32
EV / EBITDA 18.49
EV / EBIT 27.67
EV / FCF 23.82

Financial Position

The company has a current ratio of 0.96, with a Debt / Equity ratio of 0.39.

Current Ratio 0.96
Quick Ratio 0.63
Debt / Equity 0.39
Debt / EBITDA 2.98
Debt / FCF 3.83

Financial Efficiency

Return on equity (ROE) is 6.90%, which is not very high. The company has a high ROIC of 28.00%.

Return on Equity (ROE) 6.90%
Return on Assets (ROA) 4.20%
Return on Capital (ROIC) 28.00%
Revenue Per Employee $298,444
Profits Per Employee $35,894
Employee Count 18,000
Asset Turnover 0.35
Inventory Turnover 4.48

Taxes

In the past 12 months, Fortive has paid $82.00 million in taxes.

Income Tax 82.00M
Effective Tax Rate 11.26%

Stock Price Statistics

The stock price has decreased by -19.78% in the last 52 weeks. The beta is 1.15, so Fortive's price volatility has been higher than the market average.

Beta (1Y) 1.15
52-Week Price Change -19.78%
50-Day Moving Average 58.72
200-Day Moving Average 63.82
Average Volume (30 Days) 2,761,248

Short Selling Information

The latest short interest is 4.11 million, so 1.15% of the outstanding shares have been sold short.

Short Interest 4.11M
Short % of Shares Out 1.15%
Short % of Float 1.18%
Short Ratio (days to cover) 1.31

Income Statement

In the last 12 months, Fortive had revenue of $5.37 billion and earned 646.10 million in profits. Earnings per share was $1.82.

Revenue 5.37B
Gross Profit 3.09B
Operating Income 827.50M
Pretax Income 745.30M
Net Income 663.30M
Net Income Common 646.10M
EBITDA 1.26B
EBIT 839.60M
Earnings Per Share (EPS) $1.82
Full Income Statement

Balance Sheet

The company has $684.30 million in cash and $3.74 billion in debt, giving a net cash position of -$3.05 billion or -$8.52 per share.

Cash & Cash Equivalents 684.30M
Total Debt 3.74B
Net Cash -3.05B
Net Cash Per Share -$8.52
Book Value 9.56B
Book Value Per Share 26.67
Working Capital -113.90M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $1.03 billion and capital expenditures -$55.90 million, giving a free cash flow of $975.20 million.

Operating Cash Flow 1.03B
Capital Expenditures -55.90M
Free Cash Flow 975.20M
FCF Per Share $2.72
Full Cash Flow Statement

Margins

Gross margin is 57.47%, with operating and profit margins of 15.40% and 12.03%.

Gross Margin 57.47%
Operating Margin 15.40%
Pretax Margin 13.87%
Profit Margin 12.03%
EBITDA Margin 23.38%
EBIT Margin 15.63%
FCF Margin 18.15%

Dividends & Yields

This stock pays an annual dividend of $0.28, which amounts to a dividend yield of 0.50%.

Dividend Per Share $0.28
Dividend Yield 0.50%
Earnings Yield 3.20%
FCF Yield 4.83%
Dividend Growth (YoY) 0.00%
Payout Ratio 15.40%
Buyback Yield -7.81%
Shareholder Yield -7.32%
Dividend Details

Analyst Forecast

The average price target for Fortive is $78.26, which is 39.05% higher than the current price. The consensus rating is "Buy".

Price Target $78.26
Price Target Difference 39.05%
Analyst Consensus Buy
Analyst Count 26
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