THERMO FISHER SCIENTIFIC INC (TN8.DE) Fundamental Analysis & Valuation
FRA:TN8 • US8835561023
Current stock price
426.35 EUR
+3.95 (+0.94%)
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.
- TN8 had a positive operating cash flow in the past year.
- Each year in the past 5 years TN8 has been profitable.
- Each year in the past 5 years TN8 had a positive operating cash flow.
1.2 Ratios
- TN8 has a better Return On Assets (6.08%) than 72.22% of its industry peers.
- TN8's Return On Equity of 12.55% is amongst the best of the industry. TN8 outperforms 83.33% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 6.00%, TN8 is in line with its industry, outperforming 50.00% of the companies in the same industry.
- TN8 had an Average Return On Invested Capital over the past 3 years of 6.18%. This is below the industry average of 9.09%.
| 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
- TN8 has a Profit Margin of 15.05%. This is in the better half of the industry: TN8 outperforms 77.78% of its industry peers.
- TN8's Profit Margin has declined in the last couple of years.
- With a decent Operating Margin value of 18.19%, TN8 is doing good in the industry, outperforming 72.22% of the companies in the same industry.
- In the last couple of years the Operating Margin of TN8 has declined.
- Looking at the Gross Margin, with a value of 41.09%, TN8 is in line with its industry, outperforming 50.00% of the companies in the same industry.
- TN8's Gross Margin has declined in the last couple of years.
| 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
- TN8 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 TN8 has been reduced compared to 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.
2.2 Solvency
- TN8 has an Altman-Z score of 3.47. This indicates that TN8 is financially healthy and has little risk of bankruptcy at the moment.
- TN8 has a better Altman-Z score (3.47) than 61.11% of its industry peers.
- 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.
- TN8's Debt to FCF ratio of 6.26 is fine compared to the rest of the industry. TN8 outperforms 66.67% 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's Debt to Equity ratio of 0.67 is in line compared to the rest of the industry. TN8 outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | 6.26 | ||
| Altman-Z | 3.47 |
ROIC/WACC0.58
WACC10.41%
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.
- The Current ratio of TN8 (1.89) is better than 72.22% of its industry peers.
- A Quick Ratio of 1.53 indicates that TN8 should not have too much problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 1.53, TN8 is in the better half of the industry, outperforming 72.22% 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
- 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.
- Looking at the last year, TN8 shows a small growth in Revenue. The Revenue has grown by 3.91% in the last 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
- 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.
- 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. TN8.DE Valuation Analysis
4.1 Price/Earnings Ratio
- TN8 is valuated rather expensively with a Price/Earnings ratio of 21.47.
- 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 24.89. TN8 is around the same levels.
- The Price/Forward Earnings ratio is 19.80, which indicates a rather expensive current valuation of TN8.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of TN8 indicates a somewhat cheap valuation: TN8 is cheaper than 66.67% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, TN8 is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.47 | ||
| Fwd PE | 19.8 |
4.2 Price Multiples
- TN8's Enterprise Value to EBITDA is on the same level as 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 72.22% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.99 | ||
| EV/EBITDA | 19.42 |
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)2.54
PEG (5Y)6.74
EPS Next 2Y8.79%
EPS Next 3Y9.32%
5. TN8.DE Dividend Analysis
5.1 Amount
- TN8 has a yearly dividend return of 0.38%, which is pretty low.
- TN8's Dividend Yield is comparable with the industry average which is at 0.52.
- 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 | 0.38% |
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 (3/26/2026, 7:00:00 PM)
426.35
+3.95 (+0.94%)
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 Cap158.38B
Revenue(TTM)44.56B
Net Income(TTM)6.70B
Analysts83.03
Price Target569.12 (33.49%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.38% |
Yearly Dividend1.46
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)0.04%
Revenue NY rev (3m)0.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.47 | ||
| Fwd PE | 19.8 | ||
| P/S | 4.09 | ||
| P/FCF | 28.99 | ||
| P/OCF | 23.33 | ||
| P/B | 3.42 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.42 |
EPS(TTM)19.86
EY4.66%
EPS(NY)21.53
Fwd EY5.05%
FCF(TTM)14.71
FCFY3.45%
OCF(TTM)18.27
OCFY4.29%
SpS104.14
BVpS124.83
TBVpS-27.56
PEG (NY)2.54
PEG (5Y)6.74
Graham Number236.18
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 | 3.47 |
F-Score5
WACC10.41%
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 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.
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 5 / 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%.