THERMO FISHER SCIENTIFIC INC (TN8.DE) Fundamental Analysis & Valuation
FRA:TN8 • US8835561023
Current stock price
410.65 EUR
+8.05 (+2%)
Last:
This TN8.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
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.
- In the past 5 years TN8 always reported a positive cash flow from operatings.
1.2 Ratios
- TN8's Return On Assets of 6.08% is fine compared to the rest of the industry. TN8 outperforms 73.68% of its industry peers.
- TN8's Return On Equity of 12.55% is fine compared to the rest of the industry. TN8 outperforms 78.95% of its industry peers.
- TN8 has a Return On Invested Capital (6.00%) which is in line with its industry peers.
- The Average Return On Invested Capital over the past 3 years for TN8 is below the industry average of 9.20%.
| Industry Rank | Sector 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%
1.3 Margins
- The Profit Margin of TN8 (15.05%) is better than 78.95% of its industry peers.
- In the last couple of years the Profit Margin of TN8 has declined.
- Looking at the Operating Margin, with a value of 18.19%, TN8 is in the better half of the industry, outperforming 68.42% of the companies in the same industry.
- TN8's Operating Margin has declined in the last couple of years.
- TN8's Gross Margin of 41.09% is in line compared to the rest of the industry. TN8 outperforms 52.63% of its industry peers.
- In the last couple of years the Gross Margin of TN8 has declined.
| Industry Rank | Sector 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%
2. TN8.DE Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TN8 is destroying value.
- The number of shares outstanding for TN8 has been reduced compared to 1 year ago.
- TN8 has less shares outstanding than it did 5 years ago.
- TN8 has a worse debt/assets ratio than last year.
2.2 Solvency
- TN8 has an Altman-Z score of 3.40. This indicates that TN8 is financially healthy and has little risk of bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 3.40, TN8 is in line with its industry, outperforming 52.63% of the companies in the same industry.
- TN8 has a debt to FCF ratio of 6.26. This is a slightly negative value and a sign of low solvency as TN8 would need 6.26 years to pay back of all of its debts.
- The Debt to FCF ratio of TN8 (6.26) is better than 63.16% of its industry peers.
- TN8 has a Debt/Equity ratio of 0.67. This is a neutral value indicating 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | 6.26 | ||
| Altman-Z | 3.4 |
ROIC/WACC0.58
WACC10.4%
2.3 Liquidity
- A Current Ratio of 1.89 indicates that TN8 should not have too much problems paying its short term obligations.
- TN8's Current ratio of 1.89 is amongst the best of the industry. TN8 outperforms 84.21% of its industry peers.
- 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.
- Looking at the Quick ratio, with a value of 1.53, TN8 belongs to the top of the industry, outperforming 84.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.89 | ||
| Quick Ratio | 1.53 |
3. TN8.DE Growth Analysis
3.1 Past
- TN8 shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.62%.
- The Earnings Per Share has been growing slightly by 3.19% on average over the past years.
- TN8 shows a small growth in Revenue. In the last year, the Revenue has grown by 3.91%.
- Measured over the past years, TN8 shows a small growth in Revenue. The Revenue has been growing by 6.70% on average per year.
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
- Based on estimates for the next years, TN8 will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.80% on average per year.
- 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 Year5.79%
Revenue Next 2Y5.45%
Revenue Next 3Y5.84%
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. TN8.DE Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 20.75, which indicates a rather expensive current valuation of TN8.
- TN8's Price/Earnings ratio is a bit cheaper when compared to the industry. TN8 is cheaper than 63.16% of the companies in the same industry.
- When comparing the Price/Earnings ratio of TN8 to the average of the S&P500 Index (25.23), we can say TN8 is valued inline with the index average.
- With a Price/Forward Earnings ratio of 19.13, TN8 is valued on the expensive side.
- Based on the Price/Forward Earnings ratio, TN8 is valued a bit cheaper than 63.16% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of TN8 to the average of the S&P500 Index (23.28), we can say TN8 is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.75 | ||
| Fwd PE | 19.13 |
4.2 Price Multiples
- TN8'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 TN8 indicates a somewhat cheap valuation: TN8 is cheaper than 63.16% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.01 | ||
| EV/EBITDA | 18.86 |
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)2.46
PEG (5Y)6.51
EPS Next 2Y8.79%
EPS Next 3Y9.32%
5. TN8.DE Dividend Analysis
5.1 Amount
- With a yearly dividend of 0.40%, TN8 is not a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 0.60, TN8 is paying slightly less dividend.
- Compared to an average S&P500 Dividend Yield of 1.89, TN8's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.4% |
5.2 History
- The dividend of TN8 is nicely growing with an annual growth rate of 14.67%!
Dividend Growth(5Y)14.67%
Div Incr Years4
Div Non Decr Years4
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 Fundamentals: All Metrics, Ratios and Statistics
FRA:TN8 (3/20/2026, 7:00:00 PM)
410.65
+8.05 (+2%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryLife Sciences Tools & Services
Earnings (Last)01-29 2026-01-29/bmo
Earnings (Next)04-21 2026-04-21/bmo
Inst Owners95.38%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap152.55B
Revenue(TTM)44.56B
Net Income(TTM)6.70B
Analysts83.03
Price Target569.12 (38.59%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.4% |
Yearly Dividend1.45
Dividend Growth(5Y)14.67%
DP9.49%
Div Incr Years4
Div Non Decr Years4
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)-0.47%
PT rev (3m)3.02%
EPS NQ rev (1m)0.01%
EPS NQ rev (3m)-5.91%
EPS NY rev (1m)-0.08%
EPS NY rev (3m)-0.25%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)-1.49%
Revenue NY rev (1m)0.11%
Revenue NY rev (3m)0.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.75 | ||
| Fwd PE | 19.13 | ||
| P/S | 3.96 | ||
| P/FCF | 28.01 | ||
| P/OCF | 22.55 | ||
| P/B | 3.3 | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.86 |
EPS(TTM)19.79
EY4.82%
EPS(NY)21.46
Fwd EY5.23%
FCF(TTM)14.66
FCFY3.57%
OCF(TTM)18.21
OCFY4.44%
SpS103.8
BVpS124.42
TBVpS-27.47
PEG (NY)2.46
PEG (5Y)6.51
Graham Number235.38
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 3.4 |
F-Score5
WACC10.4%
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 Year5.79%
Revenue Next 2Y5.45%
Revenue Next 3Y5.84%
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 5 / 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.
What is the profitability of TN8 stock?
THERMO FISHER SCIENTIFIC INC (TN8.DE) has a profitability rating of 5 / 10.
Can you provide the financial health for TN8 stock?
The financial health rating of THERMO FISHER SCIENTIFIC INC (TN8.DE) is 6 / 10.
Can you provide the dividend sustainability for TN8 stock?
The dividend rating of THERMO FISHER SCIENTIFIC INC (TN8.DE) is 3 / 10 and the dividend payout ratio is 9.49%.