Fortive Corporation (FTV)
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 |
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 |
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 |
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 |
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% |
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 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 |