THERMO FISHER SCIENTIFIC INC (TN8.DE) Fundamental Analysis & Valuation

FRA:TN8 • US8835561023

Current stock price

416 EUR
-17.65 (-4.07%)
Last:

This TN8.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. TN8.DE Profitability Analysis

1.1 Basic Checks

  • TN8 had positive earnings in the past year.
  • In the past year TN8 had a positive cash flow from operations.
  • In the past 5 years TN8 has always been profitable.
  • Each year in the past 5 years TN8 had a positive operating cash flow.
TN8.DE Yearly Net Income VS EBIT VS OCF VS FCFTN8.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

1.2 Ratios

  • With a decent Return On Assets value of 6.08%, TN8 is doing good in the industry, outperforming 66.67% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 12.55%, TN8 is in the better half of the industry, outperforming 76.19% of the companies in the same industry.
  • TN8 has a Return On Invested Capital of 6.00%. This is comparable to the rest of the industry: TN8 outperforms 47.62% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for TN8 is significantly below the industry average of 12.74%.
Industry RankSector Rank
ROA 6.08%
ROE 12.55%
ROIC 6%
ROA(3y)6.22%
ROA(5y)6.79%
ROE(3y)12.72%
ROE(5y)14.58%
ROIC(3y)6.18%
ROIC(5y)6.93%
TN8.DE Yearly ROA, ROE, ROICTN8.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • TN8 has a better Profit Margin (15.05%) than 71.43% of its industry peers.
  • TN8's Profit Margin has declined in the last couple of years.
  • TN8's Operating Margin of 18.19% is fine compared to the rest of the industry. TN8 outperforms 71.43% of its industry peers.
  • TN8's Operating Margin has declined in the last couple of years.
  • The Gross Margin of TN8 (41.09%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of TN8 has declined.
Industry RankSector Rank
OM 18.19%
PM (TTM) 15.05%
GM 41.09%
OM growth 3Y-1.32%
OM growth 5Y-5.71%
PM growth 3Y-0.93%
PM growth 5Y-5.33%
GM growth 3Y-1.04%
GM growth 5Y-3.78%
TN8.DE Yearly Profit, Operating, Gross MarginsTN8.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

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5

2. TN8.DE Health Analysis

2.1 Basic Checks

  • TN8 has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • TN8 has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, TN8 has less shares outstanding
  • Compared to 1 year ago, TN8 has a worse debt to assets ratio.
TN8.DE Yearly Shares OutstandingTN8.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
TN8.DE Yearly Total Debt VS Total AssetsTN8.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.2 Solvency

  • An Altman-Z score of 3.43 indicates that TN8 is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 3.43, TN8 is in line with its industry, outperforming 57.14% of the companies in the same industry.
  • The Debt to FCF ratio of TN8 is 6.26, which is on the high side as it means it would take TN8, 6.26 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 6.26, TN8 is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
  • A Debt/Equity ratio of 0.67 indicates that TN8 is somewhat dependend on debt financing.
  • TN8 has a Debt to Equity ratio (0.67) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.67
Debt/FCF 6.26
Altman-Z 3.43
ROIC/WACC0.58
WACC10.36%
TN8.DE Yearly LT Debt VS Equity VS FCFTN8.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.3 Liquidity

  • TN8 has a Current Ratio of 1.89. This is a normal value and indicates that TN8 is financially healthy and should not expect problems in meeting its short term obligations.
  • With a decent Current ratio value of 1.89, TN8 is doing good in the industry, outperforming 71.43% of the companies in the same industry.
  • TN8 has a Quick Ratio of 1.53. This is a normal value and indicates that TN8 is financially healthy and should not expect problems in meeting its short term obligations.
  • TN8 has a Quick ratio of 1.53. This is in the better half of the industry: TN8 outperforms 71.43% of its industry peers.
Industry RankSector Rank
Current Ratio 1.89
Quick Ratio 1.53
TN8.DE Yearly Current Assets VS Current LiabilitesTN8.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. TN8.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 4.62% over the past year.
  • Measured over the past 5 years, TN8 shows a small growth in Earnings Per Share. The EPS has been growing by 3.19% on average per year.
  • The Revenue has been growing slightly by 3.91% in the past year.
  • The Revenue has been growing slightly by 6.70% on average over the past years.
EPS 1Y (TTM)4.62%
EPS 3Y-0.53%
EPS 5Y3.19%
EPS Q2Q%7.7%
Revenue 1Y (TTM)3.91%
Revenue growth 3Y-0.27%
Revenue growth 5Y6.7%
Sales Q2Q%7.2%

3.2 Future

  • TN8 is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.80% yearly.
  • TN8 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.26% yearly.
EPS Next Y8.45%
EPS Next 2Y8.79%
EPS Next 3Y9.32%
EPS Next 5Y10.8%
Revenue Next Year5.89%
Revenue Next 2Y5.51%
Revenue Next 3Y5.91%
Revenue Next 5Y5.26%

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 accelerating.
  • 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.
TN8.DE Yearly Revenue VS EstimatesTN8.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B 40B 50B
TN8.DE Yearly EPS VS EstimatesTN8.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 10 20 30 40

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3

4. TN8.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 21.02, TN8 is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of TN8 indicates a somewhat cheap valuation: TN8 is cheaper than 66.67% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.21. TN8 is around the same levels.
  • A Price/Forward Earnings ratio of 19.38 indicates a rather expensive valuation of TN8.
  • TN8's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. TN8 is cheaper than 66.67% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.10, TN8 is valued at the same level.
Industry RankSector Rank
PE 21.02
Fwd PE 19.38
TN8.DE Price Earnings VS Forward Price EarningsTN8.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • TN8's Enterprise Value to EBITDA is on the same level as the industry average.
  • 66.67% of the companies in the same industry are more expensive than TN8, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 28.38
EV/EBITDA 19.07
TN8.DE Per share dataTN8.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 100

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TN8 does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.49
PEG (5Y)6.6
EPS Next 2Y8.79%
EPS Next 3Y9.32%

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3

5. TN8.DE Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.40%, TN8 is not a good candidate for dividend investing.
  • In the last 3 months the price of TN8 has falen by -20.20%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • TN8's Dividend Yield is comparable with the industry average which is at 0.45.
  • With a Dividend Yield of 0.40, TN8 pays less dividend than the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 0.4%

5.2 History

  • On average, the dividend of TN8 grows each year by 14.67%, which is quite nice.
Dividend Growth(5Y)14.67%
Div Incr Years5
Div Non Decr Years5
TN8.DE Yearly Dividends per shareTN8.DE Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • TN8 pays out 9.49% of its income as dividend. This is a sustainable payout ratio.
  • TN8's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP9.49%
EPS Next 2Y8.79%
EPS Next 3Y9.32%
TN8.DE Yearly Income VS Free CF VS DividendTN8.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B
TN8.DE Dividend Payout.TN8.DE Dividend Payout, showing the Payout Ratio.TN8.DE Dividend Payout.PayoutRetained Earnings

More info and screens

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TN8.DE Fundamentals: All Metrics, Ratios and Statistics

THERMO FISHER SCIENTIFIC INC

FRA:TN8 (4/7/2026, 7:00:00 PM)

416

-17.65 (-4.07%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryLife Sciences Tools & Services
Earnings (Last)01-29
Earnings (Next)04-23
Inst Owners95.38%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap154.54B
Revenue(TTM)44.56B
Net Income(TTM)6.70B
Analysts84
Price Target569.12 (36.81%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.4%
Yearly Dividend1.46
Dividend Growth(5Y)14.67%
DP9.49%
Div Incr Years5
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.64%
Min EPS beat(2)0.91%
Max EPS beat(2)4.37%
EPS beat(4)3
Avg EPS beat(4)1.7%
Min EPS beat(4)-0.07%
Max EPS beat(4)4.37%
EPS beat(8)6
Avg EPS beat(8)2.42%
EPS beat(12)7
Avg EPS beat(12)1.02%
EPS beat(16)11
Avg EPS beat(16)2.83%
Revenue beat(2)2
Avg Revenue beat(2)1.08%
Min Revenue beat(2)0.95%
Max Revenue beat(2)1.21%
Revenue beat(4)4
Avg Revenue beat(4)0.77%
Min Revenue beat(4)0.28%
Max Revenue beat(4)1.21%
Revenue beat(8)6
Avg Revenue beat(8)0.22%
Revenue beat(12)7
Avg Revenue beat(12)-0.27%
Revenue beat(16)11
Avg Revenue beat(16)1.95%
PT rev (1m)0%
PT rev (3m)3.02%
EPS NQ rev (1m)-0.23%
EPS NQ rev (3m)-6.14%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.25%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)-1.52%
Revenue NY rev (1m)0.1%
Revenue NY rev (3m)0.87%
Valuation
Industry RankSector Rank
PE 21.02
Fwd PE 19.38
P/S 4.01
P/FCF 28.38
P/OCF 22.84
P/B 3.34
P/tB N/A
EV/EBITDA 19.07
EPS(TTM)19.79
EY4.76%
EPS(NY)21.46
Fwd EY5.16%
FCF(TTM)14.66
FCFY3.52%
OCF(TTM)18.21
OCFY4.38%
SpS103.78
BVpS124.4
TBVpS-27.47
PEG (NY)2.49
PEG (5Y)6.6
Graham Number235.36
Profitability
Industry RankSector Rank
ROA 6.08%
ROE 12.55%
ROCE 8.52%
ROIC 6%
ROICexc 6.71%
ROICexgc 28.75%
OM 18.19%
PM (TTM) 15.05%
GM 41.09%
FCFM 14.12%
ROA(3y)6.22%
ROA(5y)6.79%
ROE(3y)12.72%
ROE(5y)14.58%
ROIC(3y)6.18%
ROIC(5y)6.93%
ROICexc(3y)6.79%
ROICexc(5y)7.57%
ROICexgc(3y)30.99%
ROICexgc(5y)35.86%
ROCE(3y)8.78%
ROCE(5y)9.93%
ROICexgc growth 3Y-13.91%
ROICexgc growth 5Y-12.87%
ROICexc growth 3Y-6.93%
ROICexc growth 5Y-10.12%
OM growth 3Y-1.32%
OM growth 5Y-5.71%
PM growth 3Y-0.93%
PM growth 5Y-5.33%
GM growth 3Y-1.04%
GM growth 5Y-3.78%
F-Score5
Asset Turnover0.4
Health
Industry RankSector Rank
Debt/Equity 0.67
Debt/FCF 6.26
Debt/EBITDA 3.29
Cap/Depr 54.86%
Cap/Sales 3.42%
Interest Coverage 5.03
Cash Conversion 71.82%
Profit Quality 93.87%
Current Ratio 1.89
Quick Ratio 1.53
Altman-Z 3.43
F-Score5
WACC10.36%
ROIC/WACC0.58
Cap/Depr(3y)47.77%
Cap/Depr(5y)61.4%
Cap/Sales(3y)3.38%
Cap/Sales(5y)4.31%
Profit Quality(3y)108.04%
Profit Quality(5y)102.29%
High Growth Momentum
Growth
EPS 1Y (TTM)4.62%
EPS 3Y-0.53%
EPS 5Y3.19%
EPS Q2Q%7.7%
EPS Next Y8.45%
EPS Next 2Y8.79%
EPS Next 3Y9.32%
EPS Next 5Y10.8%
Revenue 1Y (TTM)3.91%
Revenue growth 3Y-0.27%
Revenue growth 5Y6.7%
Sales Q2Q%7.2%
Revenue Next Year5.89%
Revenue Next 2Y5.51%
Revenue Next 3Y5.91%
Revenue Next 5Y5.26%
EBIT growth 1Y5.05%
EBIT growth 3Y-1.59%
EBIT growth 5Y0.61%
EBIT Next Year19.1%
EBIT Next 3Y11.62%
EBIT Next 5Y10.22%
FCF growth 1Y-13.4%
FCF growth 3Y-3.07%
FCF growth 5Y-1.58%
OCF growth 1Y-9.8%
OCF growth 3Y-5.12%
OCF growth 5Y-1.16%

THERMO FISHER SCIENTIFIC INC / TN8.DE Fundamental Analysis FAQ

What is the fundamental rating for TN8 stock?

ChartMill assigns a fundamental rating of 4 / 10 to TN8.DE.


What is the valuation status for TN8 stock?

ChartMill assigns a valuation rating of 3 / 10 to THERMO FISHER SCIENTIFIC INC (TN8.DE). This can be considered as Overvalued.


How profitable is THERMO FISHER SCIENTIFIC INC (TN8.DE) stock?

THERMO FISHER SCIENTIFIC INC (TN8.DE) has a profitability rating of 5 / 10.


Can you provide the PE and PB ratios for TN8 stock?

The Price/Earnings (PE) ratio for THERMO FISHER SCIENTIFIC INC (TN8.DE) is 21.02 and the Price/Book (PB) ratio is 3.34.


What is the earnings growth outlook for THERMO FISHER SCIENTIFIC INC?

The Earnings per Share (EPS) of THERMO FISHER SCIENTIFIC INC (TN8.DE) is expected to grow by 8.45% in the next year.