FORTIVE CORP (FTV) Stock Fundamental Analysis
USA - NYSE:FTV - US34959J1088 - Common Stock
48.99 USD
+0.24 (+0.49%)
FTV gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 128 industry peers in the Machinery industry. There are concerns on the financial health of FTV while its profitability can be described as average. FTV is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year FTV was profitable.
In the past year FTV had a positive cash flow from operations.
Each year in the past 5 years FTV has been profitable.
FTV had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 4.21%, FTV perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
FTV has a Return On Equity of 7.41%. This is comparable to the rest of the industry: FTV outperforms 46.88% of its industry peers.
FTV has a Return On Invested Capital (6.36%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FTV is below the industry average of 10.02%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.21% | ||
| ROE | 7.41% | ||
| ROIC | 6.36% |
ROA(3y)4.92%
ROA(5y)5.57%
ROE(3y)8.12%
ROE(5y)9.53%
ROIC(3y)6.67%
ROIC(5y)5.86%
1.3 Margins
With an excellent Profit Margin value of 12.51%, FTV belongs to the best of the industry, outperforming 83.59% of the companies in the same industry.
FTV's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 17.31%, FTV belongs to the best of the industry, outperforming 80.47% of the companies in the same industry.
In the last couple of years the Operating Margin of FTV has grown nicely.
With an excellent Gross Margin value of 59.78%, FTV belongs to the best of the industry, outperforming 96.88% of the companies in the same industry.
FTV's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.31% | ||
| PM (TTM) | 12.51% | ||
| GM | 59.78% |
OM growth 3Y6.19%
OM growth 5Y12.39%
PM growth 3Y6.96%
PM growth 5Y-1.86%
GM growth 3Y1.52%
GM growth 5Y1.93%
2. Health
2.1 Basic Checks
FTV has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for FTV has been reduced compared to 1 year ago.
The number of shares outstanding for FTV has been increased compared to 5 years ago.
FTV has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.44 indicates that FTV is not a great score, but indicates only limited risk for bankruptcy at the moment.
FTV has a Altman-Z score (2.44) which is in line with its industry peers.
The Debt to FCF ratio of FTV is 3.47, which is a good value as it means it would take FTV, 3.47 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.47, FTV is in the better half of the industry, outperforming 64.06% of the companies in the same industry.
A Debt/Equity ratio of 0.28 indicates that FTV is not too dependend on debt financing.
FTV has a better Debt to Equity ratio (0.28) than 65.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 3.47 | ||
| Altman-Z | 2.44 |
ROIC/WACC0.65
WACC9.83%
2.3 Liquidity
FTV has a Current Ratio of 0.98. This is a bad value and indicates that FTV is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of FTV (0.98) is worse than 88.28% of its industry peers.
FTV has a Quick Ratio of 0.98. This is a bad value and indicates that FTV is not financially healthy enough and could expect problems in meeting its short term obligations.
FTV has a worse Quick ratio (0.82) than 74.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
FTV shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.56%.
The Earnings Per Share has been growing slightly by 2.25% on average over the past years.
The Revenue has decreased by -0.12% in the past year.
FTV shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.43% yearly.
EPS 1Y (TTM)-0.56%
EPS 3Y12.49%
EPS 5Y2.25%
EPS Q2Q%-37.63%
Revenue 1Y (TTM)-0.12%
Revenue growth 3Y5.85%
Revenue growth 5Y6.43%
Sales Q2Q%-2.16%
3.2 Future
FTV is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.45% yearly.
The Revenue is expected to decrease by -5.15% on average over the next years.
EPS Next Y-34.97%
EPS Next 2Y-15.45%
EPS Next 3Y-7.33%
EPS Next 5Y0.45%
Revenue Next Year-34.05%
Revenue Next 2Y-17.4%
Revenue Next 3Y-10.84%
Revenue Next 5Y-5.15%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 13.72 indicates a correct valuation of FTV.
Based on the Price/Earnings ratio, FTV is valued cheaper than 87.50% of the companies in the same industry.
FTV's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.20.
FTV is valuated rather expensively with a Price/Forward Earnings ratio of 17.57.
Based on the Price/Forward Earnings ratio, FTV is valued a bit cheaper than 64.84% of the companies in the same industry.
FTV is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.71, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.72 | ||
| Fwd PE | 17.57 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FTV is valued a bit cheaper than the industry average as 65.63% of the companies are valued more expensively.
90.63% of the companies in the same industry are more expensive than FTV, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.96 | ||
| EV/EBITDA | 12.11 |
4.3 Compensation for Growth
FTV has a very decent profitability rating, which may justify a higher PE ratio.
FTV's earnings are expected to decrease with -7.33% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)6.11
EPS Next 2Y-15.45%
EPS Next 3Y-7.33%
5. Dividend
5.1 Amount
FTV has a yearly dividend return of 0.48%, which is pretty low.
The stock price of FTV dropped by -30.01% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
FTV's Dividend Yield is comparable with the industry average which is at 1.74.
With a Dividend Yield of 0.48, FTV pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.48% |
5.2 History
The dividend of FTV decreases each year by -7.91%.
FTV has been paying a dividend for at least 10 years, so it has a reliable track record.
As FTV did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)-7.91%
Div Incr Years2
Div Non Decr Years8
5.3 Sustainability
14.22% of the earnings are spent on dividend by FTV. This is a low number and sustainable payout ratio.
DP14.22%
EPS Next 2Y-15.45%
EPS Next 3Y-7.33%
NYSE:FTV (9/17/2025, 11:33:05 AM)
48.99
+0.24 (+0.49%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners95.45%
Inst Owner Change-7.43%
Ins Owners0.17%
Ins Owner Change0.88%
Market Cap16.58B
Analysts70
Price Target57.85 (18.09%)
Short Float %2.28%
Short Ratio1.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.48% |
Yearly Dividend0.32
Dividend Growth(5Y)-7.91%
DP14.22%
Div Incr Years2
Div Non Decr Years8
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2.11%
Min EPS beat(2)-3.21%
Max EPS beat(2)-1.01%
EPS beat(4)2
Avg EPS beat(4)0.63%
Min EPS beat(4)-3.21%
Max EPS beat(4)3.45%
EPS beat(8)5
Avg EPS beat(8)1.12%
EPS beat(12)9
Avg EPS beat(12)1.74%
EPS beat(16)13
Avg EPS beat(16)1.94%
Revenue beat(2)1
Avg Revenue beat(2)23.11%
Min Revenue beat(2)-2.24%
Max Revenue beat(2)48.47%
Revenue beat(4)1
Avg Revenue beat(4)10.72%
Min Revenue beat(4)-2.24%
Max Revenue beat(4)48.47%
Revenue beat(8)2
Avg Revenue beat(8)4.67%
Revenue beat(12)5
Avg Revenue beat(12)3.35%
Revenue beat(16)7
Avg Revenue beat(16)2.31%
PT rev (1m)-8.89%
PT rev (3m)-29.67%
EPS NQ rev (1m)-5.53%
EPS NQ rev (3m)-41.57%
EPS NY rev (1m)-2.11%
EPS NY rev (3m)-35.65%
Revenue NQ rev (1m)-0.39%
Revenue NQ rev (3m)-34.97%
Revenue NY rev (1m)-1.45%
Revenue NY rev (3m)-33.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.72 | ||
| Fwd PE | 17.57 | ||
| P/S | 2.7 | ||
| P/FCF | 11.96 | ||
| P/OCF | 10.95 | ||
| P/B | 1.6 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.11 |
EPS(TTM)3.57
EY7.29%
EPS(NY)2.79
Fwd EY5.69%
FCF(TTM)4.1
FCFY8.36%
OCF(TTM)4.48
OCFY9.13%
SpS18.17
BVpS30.69
TBVpS-9.52
PEG (NY)N/A
PEG (5Y)6.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.21% | ||
| ROE | 7.41% | ||
| ROCE | 7.34% | ||
| ROIC | 6.36% | ||
| ROICexc | 7.28% | ||
| ROICexgc | N/A | ||
| OM | 17.31% | ||
| PM (TTM) | 12.51% | ||
| GM | 59.78% | ||
| FCFM | 22.54% |
ROA(3y)4.92%
ROA(5y)5.57%
ROE(3y)8.12%
ROE(5y)9.53%
ROIC(3y)6.67%
ROIC(5y)5.86%
ROICexc(3y)7.24%
ROICexc(5y)6.49%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)7.7%
ROCE(5y)6.77%
ROICexcg growth 3YN/A
ROICexcg growth 5Y22.28%
ROICexc growth 3Y6.66%
ROICexc growth 5Y17.49%
OM growth 3Y6.19%
OM growth 5Y12.39%
PM growth 3Y6.96%
PM growth 5Y-1.86%
GM growth 3Y1.52%
GM growth 5Y1.93%
F-Score6
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 3.47 | ||
| Debt/EBITDA | 1.81 | ||
| Cap/Depr | 23.6% | ||
| Cap/Sales | 2.09% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 94.19% | ||
| Profit Quality | 180.25% | ||
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.82 | ||
| Altman-Z | 2.44 |
F-Score6
WACC9.83%
ROIC/WACC0.65
Cap/Depr(3y)22.1%
Cap/Depr(5y)19.73%
Cap/Sales(3y)1.78%
Cap/Sales(5y)1.59%
Profit Quality(3y)157.54%
Profit Quality(5y)143.9%
High Growth Momentum
Growth
EPS 1Y (TTM)-0.56%
EPS 3Y12.49%
EPS 5Y2.25%
EPS Q2Q%-37.63%
EPS Next Y-34.97%
EPS Next 2Y-15.45%
EPS Next 3Y-7.33%
EPS Next 5Y0.45%
Revenue 1Y (TTM)-0.12%
Revenue growth 3Y5.85%
Revenue growth 5Y6.43%
Sales Q2Q%-2.16%
Revenue Next Year-34.05%
Revenue Next 2Y-17.4%
Revenue Next 3Y-10.84%
Revenue Next 5Y-5.15%
EBIT growth 1Y-9.05%
EBIT growth 3Y12.4%
EBIT growth 5Y19.62%
EBIT Next Year-9.09%
EBIT Next 3Y0.52%
EBIT Next 5Y3.16%
FCF growth 1Y16.96%
FCF growth 3Y15.57%
FCF growth 5Y3.95%
OCF growth 1Y17.43%
OCF growth 3Y16.68%
OCF growth 5Y3.73%