FORTIVE CORP (FTV) Stock Fundamental Analysis
USA - NYSE:FTV - US34959J1088 - Common Stock
50.57 USD
+0.19 (+0.38%)
FTV gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 130 industry peers in the Machinery industry. While FTV has a great profitability rating, there are some minor concerns on its financial health. 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.
In the past 5 years FTV has always been profitable.
FTV had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of FTV (5.07%) is comparable to the rest of the industry.
FTV has a Return On Equity (9.26%) which is comparable to the rest of the industry.
FTV has a Return On Invested Capital of 8.52%. This is in the better half of the industry: FTV outperforms 61.54% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FTV is below the industry average of 10.24%.
The last Return On Invested Capital (8.52%) for FTV is above the 3 year average (6.67%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.07% | ||
| ROE | 9.26% | ||
| ROIC | 8.52% |
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
FTV has a Profit Margin of 10.68%. This is in the better half of the industry: FTV outperforms 77.69% of its industry peers.
FTV's Profit Margin has declined in the last couple of years.
FTV has a Operating Margin of 16.42%. This is in the better half of the industry: FTV outperforms 77.69% of its industry peers.
FTV's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 60.33%, FTV belongs to the top of the industry, outperforming 96.92% of the companies in the same industry.
In the last couple of years the Gross Margin of FTV has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.42% | ||
| PM (TTM) | 10.68% | ||
| GM | 60.33% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FTV is destroying value.
FTV has less shares outstanding than it did 1 year ago.
The number of shares outstanding for FTV has been increased compared to 5 years ago.
The debt/assets ratio for FTV is higher compared to a year ago.
2.2 Solvency
FTV has an Altman-Z score of 3.18. This indicates that FTV is financially healthy and has little risk of bankruptcy at the moment.
FTV has a Altman-Z score of 3.18. This is comparable to the rest of the industry: FTV outperforms 56.92% of its industry peers.
FTV has a debt to FCF ratio of 2.98. This is a good value and a sign of high solvency as FTV would need 2.98 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.98, FTV is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
A Debt/Equity ratio of 0.33 indicates that FTV is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.33, FTV is in the better half of the industry, outperforming 62.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 2.98 | ||
| Altman-Z | 3.18 |
ROIC/WACC0.9
WACC9.43%
2.3 Liquidity
A Current Ratio of 0.70 indicates that FTV may have some problems paying its short term obligations.
FTV's Current ratio of 0.70 is on the low side compared to the rest of the industry. FTV is outperformed by 92.31% of its industry peers.
FTV has a Quick Ratio of 0.70. 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's Quick ratio of 0.58 is on the low side compared to the rest of the industry. FTV is outperformed by 86.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.58 |
3. Growth
3.1 Past
The earnings per share for FTV have decreased strongly by -11.59% in the last year.
FTV shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.25% yearly.
FTV shows a decrease in Revenue. In the last year, the revenue decreased by -8.96%.
The Revenue has been growing slightly by 6.43% on average over the past years.
EPS 1Y (TTM)-11.59%
EPS 3Y12.49%
EPS 5Y2.25%
EPS Q2Q%-29.9%
Revenue 1Y (TTM)-8.96%
Revenue growth 3Y5.85%
Revenue growth 5Y6.43%
Sales Q2Q%-33.07%
3.2 Future
Based on estimates for the next years, FTV will show a decrease in Earnings Per Share. The EPS will decrease by -0.22% on average per year.
FTV is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -5.05% yearly.
EPS Next Y-32.82%
EPS Next 2Y-14.49%
EPS Next 3Y-7.13%
EPS Next 5Y-0.22%
Revenue Next Year-33.92%
Revenue Next 2Y-17.47%
Revenue Next 3Y-10.92%
Revenue Next 5Y-5.05%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 15.42, which indicates a correct valuation of FTV.
80.00% of the companies in the same industry are more expensive than FTV, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 25.51. FTV is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 17.73, FTV is valued on the expensive side.
The rest of the industry has a similar Price/Forward Earnings ratio as FTV.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.98, FTV is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.42 | ||
| Fwd PE | 17.73 |
4.2 Price Multiples
FTV's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FTV indicates a somewhat cheap valuation: FTV is cheaper than 78.46% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.44 | ||
| EV/EBITDA | 14.36 |
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 -7.13% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)6.86
EPS Next 2Y-14.49%
EPS Next 3Y-7.13%
5. Dividend
5.1 Amount
With a yearly dividend of 0.46%, FTV is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.87, FTV has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, FTV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.46% |
5.2 History
The dividend of FTV decreases each year by -7.91%.
FTV has paid a dividend for at least 10 years, which is a reliable track record.
FTV has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)-7.91%
Div Incr Years2
Div Non Decr Years8
5.3 Sustainability
16.72% of the earnings are spent on dividend by FTV. This is a low number and sustainable payout ratio.
The Dividend Rate of FTV has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP16.72%
EPS Next 2Y-14.49%
EPS Next 3Y-7.13%
NYSE:FTV (11/19/2025, 2:58:31 PM)
50.57
+0.19 (+0.38%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners100.46%
Inst Owner Change1.86%
Ins Owners0.17%
Ins Owner Change11.35%
Market Cap17.11B
Revenue(TTM)5.64B
Net Income(TTM)602.30M
Analysts67.5
Price Target56.9 (12.52%)
Short Float %2.08%
Short Ratio2.14
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.46% |
Yearly Dividend0.32
Dividend Growth(5Y)-7.91%
DP16.72%
Div Incr Years2
Div Non Decr Years8
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.32%
Min EPS beat(2)-3.21%
Max EPS beat(2)17.85%
EPS beat(4)2
Avg EPS beat(4)4.27%
Min EPS beat(4)-3.21%
Max EPS beat(4)17.85%
EPS beat(8)6
Avg EPS beat(8)3.46%
EPS beat(12)9
Avg EPS beat(12)3%
EPS beat(16)13
Avg EPS beat(16)3.03%
Revenue beat(2)1
Avg Revenue beat(2)0.12%
Min Revenue beat(2)-0.65%
Max Revenue beat(2)0.89%
Revenue beat(4)1
Avg Revenue beat(4)-0.8%
Min Revenue beat(4)-2.24%
Max Revenue beat(4)0.89%
Revenue beat(8)2
Avg Revenue beat(8)-1.04%
Revenue beat(12)5
Avg Revenue beat(12)-0.66%
Revenue beat(16)7
Avg Revenue beat(16)-0.55%
PT rev (1m)-1.62%
PT rev (3m)-10.39%
EPS NQ rev (1m)2.4%
EPS NQ rev (3m)5.84%
EPS NY rev (1m)3.34%
EPS NY rev (3m)1.13%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.99%
Revenue NY rev (1m)0.19%
Revenue NY rev (3m)-1.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.42 | ||
| Fwd PE | 17.73 | ||
| P/S | 3.03 | ||
| P/FCF | 15.44 | ||
| P/OCF | 14.03 | ||
| P/B | 2.63 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.36 |
EPS(TTM)3.28
EY6.49%
EPS(NY)2.85
Fwd EY5.64%
FCF(TTM)3.27
FCFY6.47%
OCF(TTM)3.6
OCFY7.13%
SpS16.67
BVpS19.22
TBVpS-8.99
PEG (NY)N/A
PEG (5Y)6.86
Graham Number37.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.07% | ||
| ROE | 9.26% | ||
| ROCE | 9.84% | ||
| ROIC | 8.52% | ||
| ROICexc | 8.93% | ||
| ROICexgc | N/A | ||
| OM | 16.42% | ||
| PM (TTM) | 10.68% | ||
| GM | 60.33% | ||
| FCFM | 19.64% |
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%
ROICexgc growth 3YN/A
ROICexgc 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-Score7
Asset Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 2.98 | ||
| Debt/EBITDA | 1.53 | ||
| Cap/Depr | 24.22% | ||
| Cap/Sales | 1.98% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 87.89% | ||
| Profit Quality | 183.93% | ||
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.58 | ||
| Altman-Z | 3.18 |
F-Score7
WACC9.43%
ROIC/WACC0.9
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)-11.59%
EPS 3Y12.49%
EPS 5Y2.25%
EPS Q2Q%-29.9%
EPS Next Y-32.82%
EPS Next 2Y-14.49%
EPS Next 3Y-7.13%
EPS Next 5Y-0.22%
Revenue 1Y (TTM)-8.96%
Revenue growth 3Y5.85%
Revenue growth 5Y6.43%
Sales Q2Q%-33.07%
Revenue Next Year-33.92%
Revenue Next 2Y-17.47%
Revenue Next 3Y-10.92%
Revenue Next 5Y-5.05%
EBIT growth 1Y-21.25%
EBIT growth 3Y12.4%
EBIT growth 5Y19.62%
EBIT Next Year-9.69%
EBIT Next 3Y0.7%
EBIT Next 5Y3.03%
FCF growth 1Y-12.16%
FCF growth 3Y15.57%
FCF growth 5Y3.95%
OCF growth 1Y-11.05%
OCF growth 3Y16.68%
OCF growth 5Y3.73%
FORTIVE CORP / FTV FAQ
Can you provide the ChartMill fundamental rating for FORTIVE CORP?
ChartMill assigns a fundamental rating of 4 / 10 to FTV.
What is the valuation status for FTV stock?
ChartMill assigns a valuation rating of 4 / 10 to FORTIVE CORP (FTV). This can be considered as Fairly Valued.
Can you provide the profitability details for FORTIVE CORP?
FORTIVE CORP (FTV) has a profitability rating of 7 / 10.
What are the PE and PB ratios of FORTIVE CORP (FTV) stock?
The Price/Earnings (PE) ratio for FORTIVE CORP (FTV) is 15.42 and the Price/Book (PB) ratio is 2.63.
What is the earnings growth outlook for FORTIVE CORP?
The Earnings per Share (EPS) of FORTIVE CORP (FTV) is expected to decline by -32.82% in the next year.