THERMO FISHER SCIENTIFIC INC (TN8.DE) Stock Fundamental Analysis
Europe - FRA:TN8 - US8835561023 - Common Stock
505.7 EUR
+5.6 (+1.12%)
TN8 gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 19 industry peers in the Life Sciences Tools & Services industry. Both the profitability and the financial health of TN8 get a neutral evaluation. Nothing too spectacular is happening here. TN8 is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year TN8 was profitable.
TN8 had a positive operating cash flow in the past year.
TN8 had positive earnings in each of the past 5 years.
Each year in the past 5 years TN8 had a positive operating cash flow.
1.2 Ratios
TN8's Return On Assets of 6.38% is fine compared to the rest of the industry. TN8 outperforms 78.95% of its industry peers.
Looking at the Return On Equity, with a value of 12.88%, TN8 is in the better half of the industry, outperforming 78.95% of the companies in the same industry.
TN8 has a Return On Invested Capital (6.43%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for TN8 is in line with the industry average of 8.08%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.38% | ||
| ROE | 12.88% | ||
| ROIC | 6.43% |
ROA(3y)6.58%
ROA(5y)7.42%
ROE(3y)13.8%
ROE(5y)15.76%
ROIC(3y)6.66%
ROIC(5y)7.62%
1.3 Margins
Looking at the Profit Margin, with a value of 15.02%, TN8 belongs to the top of the industry, outperforming 84.21% of the companies in the same industry.
TN8's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 18.40%, TN8 is in the better half of the industry, outperforming 68.42% of the companies in the same industry.
In the last couple of years the Operating Margin of TN8 has grown nicely.
TN8 has a Gross Margin (41.43%) which is comparable to the rest of the industry.
TN8's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.4% | ||
| PM (TTM) | 15.02% | ||
| GM | 41.43% |
OM growth 3Y-12.04%
OM growth 5Y1.61%
PM growth 3Y-9.15%
PM growth 5Y0.42%
GM growth 3Y-6.24%
GM growth 5Y-1.42%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TN8 is destroying value.
TN8 has less shares outstanding than it did 1 year ago.
TN8 has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, TN8 has an improved debt to assets ratio.
2.2 Solvency
TN8 has a debt to FCF ratio of 5.84. This is a neutral value as TN8 would need 5.84 years to pay back of all of its debts.
The Debt to FCF ratio of TN8 (5.84) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.62 indicates that TN8 is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.62, TN8 perfoms like the industry average, outperforming 47.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 5.84 | ||
| Altman-Z | N/A |
ROIC/WACC0.65
WACC9.91%
2.3 Liquidity
TN8 has a Current Ratio of 1.50. This is a normal value and indicates that TN8 is financially healthy and should not expect problems in meeting its short term obligations.
TN8's Current ratio of 1.50 is in line compared to the rest of the industry. TN8 outperforms 47.37% of its industry peers.
A Quick Ratio of 1.11 indicates that TN8 should not have too much problems paying its short term obligations.
TN8's Quick ratio of 1.11 is in line compared to the rest of the industry. TN8 outperforms 47.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.5 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
TN8 shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.53%.
Measured over the past years, TN8 shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.12% on average per year.
Looking at the last year, TN8 shows a small growth in Revenue. The Revenue has grown by 3.22% in the last year.
TN8 shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.92% yearly.
EPS 1Y (TTM)4.53%
EPS 3Y-4.52%
EPS 5Y12.12%
EPS Q2Q%9.66%
Revenue 1Y (TTM)3.22%
Revenue growth 3Y3.03%
Revenue growth 5Y10.92%
Sales Q2Q%4.94%
3.2 Future
Based on estimates for the next years, TN8 will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.66% on average per year.
The Revenue is expected to grow by 4.65% on average over the next years.
EPS Next Y5.02%
EPS Next 2Y6.77%
EPS Next 3Y7.78%
EPS Next 5Y9.66%
Revenue Next Year3.49%
Revenue Next 2Y4.24%
Revenue Next 3Y4.65%
Revenue Next 5Y4.65%
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
TN8 is valuated quite expensively with a Price/Earnings ratio of 26.13.
63.16% of the companies in the same industry are more expensive than TN8, based on the Price/Earnings ratio.
TN8's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.34.
The Price/Forward Earnings ratio is 23.49, which indicates a rather expensive current valuation of TN8.
TN8's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 34.43. TN8 is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.13 | ||
| Fwd PE | 23.49 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TN8 is valued a bit more expensive than 68.42% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as TN8.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.18 | ||
| EV/EBITDA | 23.2 |
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.
TN8 has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)5.2
PEG (5Y)2.16
EPS Next 2Y6.77%
EPS Next 3Y7.78%
5. Dividend
5.1 Amount
TN8 has a yearly dividend return of 0.30%, which is pretty low.
Compared to an average industry Dividend Yield of 0.76, TN8 is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.36, TN8's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.3% |
5.2 History
On average, the dividend of TN8 grows each year by 15.42%, which is quite nice.
Dividend Growth(5Y)15.42%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
9.48% of the earnings are spent on dividend by TN8. This is a low number and sustainable payout ratio.
The dividend of TN8 is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP9.48%
EPS Next 2Y6.77%
EPS Next 3Y7.78%
FRA:TN8 (11/12/2025, 7:00:00 PM)
505.7
+5.6 (+1.12%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryLife Sciences Tools & Services
Earnings (Last)
Earnings (Next)
Inst Owners91.65%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap190.96B
Revenue(TTM)43.74B
Net Income(TTM)6.57B
Analysts80.63
Price Target541.83 (7.14%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.3% |
Yearly Dividend1.31
Dividend Growth(5Y)15.42%
DP9.48%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.99%
Min EPS beat(2)1.61%
Max EPS beat(2)4.37%
EPS beat(4)3
Avg EPS beat(4)1.9%
Min EPS beat(4)-0.07%
Max EPS beat(4)4.37%
EPS beat(8)5
Avg EPS beat(8)2.24%
EPS beat(12)7
Avg EPS beat(12)1.19%
EPS beat(16)11
Avg EPS beat(16)4.2%
Revenue beat(2)2
Avg Revenue beat(2)0.79%
Min Revenue beat(2)0.62%
Max Revenue beat(2)0.95%
Revenue beat(4)4
Avg Revenue beat(4)0.47%
Min Revenue beat(4)0.04%
Max Revenue beat(4)0.95%
Revenue beat(8)6
Avg Revenue beat(8)0.12%
Revenue beat(12)7
Avg Revenue beat(12)0.36%
Revenue beat(16)11
Avg Revenue beat(16)2.75%
PT rev (1m)12.09%
PT rev (3m)11.64%
EPS NQ rev (1m)-1.06%
EPS NQ rev (3m)-1.21%
EPS NY rev (1m)0.96%
EPS NY rev (3m)1.79%
Revenue NQ rev (1m)1.29%
Revenue NQ rev (3m)1.51%
Revenue NY rev (1m)0.71%
Revenue NY rev (3m)0.97%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.13 | ||
| Fwd PE | 23.49 | ||
| P/S | 5.05 | ||
| P/FCF | 36.18 | ||
| P/OCF | 28.9 | ||
| P/B | 4.33 | ||
| P/tB | N/A | ||
| EV/EBITDA | 23.2 |
EPS(TTM)19.35
EY3.83%
EPS(NY)21.53
Fwd EY4.26%
FCF(TTM)13.98
FCFY2.76%
OCF(TTM)17.5
OCFY3.46%
SpS100.05
BVpS116.73
TBVpS-33.18
PEG (NY)5.2
PEG (5Y)2.16
Graham Number225.43
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.38% | ||
| ROE | 12.88% | ||
| ROCE | 9.13% | ||
| ROIC | 6.43% | ||
| ROICexc | 6.7% | ||
| ROICexgc | 29.73% | ||
| OM | 18.4% | ||
| PM (TTM) | 15.02% | ||
| GM | 41.43% | ||
| FCFM | 13.97% |
ROA(3y)6.58%
ROA(5y)7.42%
ROE(3y)13.8%
ROE(5y)15.76%
ROIC(3y)6.66%
ROIC(5y)7.62%
ROICexc(3y)7.33%
ROICexc(5y)8.51%
ROICexgc(3y)36.42%
ROICexgc(5y)41.56%
ROCE(3y)9.48%
ROCE(5y)10.9%
ROICexgc growth 3Y-8.22%
ROICexgc growth 5Y1.35%
ROICexc growth 3Y-8.88%
ROICexc growth 5Y2.89%
OM growth 3Y-12.04%
OM growth 5Y1.61%
PM growth 3Y-9.15%
PM growth 5Y0.42%
GM growth 3Y-6.24%
GM growth 5Y-1.42%
F-Score8
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 5.84 | ||
| Debt/EBITDA | 2.94 | ||
| Cap/Depr | 55.1% | ||
| Cap/Sales | 3.52% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 70.55% | ||
| Profit Quality | 93% | ||
| Current Ratio | 1.5 | ||
| Quick Ratio | 1.11 | ||
| Altman-Z | N/A |
F-Score8
WACC9.91%
ROIC/WACC0.65
Cap/Depr(3y)51.6%
Cap/Depr(5y)63.11%
Cap/Sales(3y)3.9%
Cap/Sales(5y)4.54%
Profit Quality(3y)109.9%
Profit Quality(5y)104.9%
High Growth Momentum
Growth
EPS 1Y (TTM)4.53%
EPS 3Y-4.52%
EPS 5Y12.12%
EPS Q2Q%9.66%
EPS Next Y5.02%
EPS Next 2Y6.77%
EPS Next 3Y7.78%
EPS Next 5Y9.66%
Revenue 1Y (TTM)3.22%
Revenue growth 3Y3.03%
Revenue growth 5Y10.92%
Sales Q2Q%4.94%
Revenue Next Year3.49%
Revenue Next 2Y4.24%
Revenue Next 3Y4.65%
Revenue Next 5Y4.65%
EBIT growth 1Y8.68%
EBIT growth 3Y-9.38%
EBIT growth 5Y12.7%
EBIT Next Year13.53%
EBIT Next 3Y9.14%
EBIT Next 5Y9.93%
FCF growth 1Y-6.66%
FCF growth 3Y2.29%
FCF growth 5Y12.42%
OCF growth 1Y-6.36%
OCF growth 3Y-2.36%
OCF growth 5Y11.75%
THERMO FISHER SCIENTIFIC INC / TN8.DE 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 of THERMO FISHER SCIENTIFIC INC (TN8.DE) stock?
ChartMill assigns a valuation rating of 3 / 10 to THERMO FISHER SCIENTIFIC INC (TN8.DE). This can be considered as Overvalued.
What is the profitability of TN8 stock?
THERMO FISHER SCIENTIFIC INC (TN8.DE) has a profitability rating of 6 / 10.
What are the PE and PB ratios of THERMO FISHER SCIENTIFIC INC (TN8.DE) stock?
The Price/Earnings (PE) ratio for THERMO FISHER SCIENTIFIC INC (TN8.DE) is 26.13 and the Price/Book (PB) ratio is 4.33.
How sustainable is the dividend of THERMO FISHER SCIENTIFIC INC (TN8.DE) stock?
The dividend rating of THERMO FISHER SCIENTIFIC INC (TN8.DE) is 3 / 10 and the dividend payout ratio is 9.48%.