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

FRA:TN8 • US8835561023

Current stock price

422.4 EUR
+9.8 (+2.38%)
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

  • In the past year TN8 was profitable.
  • In the past year TN8 had a positive cash flow from operations.
  • Each year in the past 5 years TN8 has been profitable.
  • In the past 5 years TN8 always reported a positive cash flow from operatings.
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

  • The Return On Assets of TN8 (6.08%) is better than 72.22% of its industry peers.
  • TN8 has a better Return On Equity (12.55%) than 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.
  • The Average Return On Invested Capital over the past 3 years for TN8 is below the industry average of 9.34%.
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

  • With a decent Profit Margin value of 15.05%, TN8 is doing good in the industry, outperforming 77.78% of the companies in the same industry.
  • TN8's Profit Margin has declined in the last couple of years.
  • TN8 has a better Operating Margin (18.19%) than 72.22% of its industry peers.
  • In the last couple of years the Operating Margin of TN8 has declined.
  • With a Gross Margin value of 41.09%, TN8 perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • TN8's Gross Margin has declined in the last couple of years.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. TN8.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TN8 is destroying value.
  • Compared to 1 year ago, TN8 has less shares outstanding
  • The number of shares outstanding for TN8 has been reduced compared to 5 years ago.
  • The debt/assets ratio for TN8 is higher compared to a year ago.
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 3.46 indicates that TN8 is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of TN8 (3.46) is better than 61.11% of its industry peers.
  • 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.
  • TN8 has a Debt to FCF ratio of 6.26. This is in the better half of the industry: TN8 outperforms 66.67% of its industry peers.
  • A Debt/Equity ratio of 0.67 indicates that TN8 is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.67, TN8 is in line with its industry, outperforming 50.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.67
Debt/FCF 6.26
Altman-Z 3.46
ROIC/WACC0.58
WACC10.39%
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

  • A Current Ratio of 1.89 indicates that TN8 should not have too much problems paying its short term obligations.
  • The Current ratio of TN8 (1.89) is better than 72.22% 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.
  • TN8 has a better Quick ratio (1.53) than 72.22% 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.
  • TN8 shows a small growth in Revenue. In the last year, the Revenue has grown by 3.91%.
  • TN8 shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.70% yearly.
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

  • The Earnings Per Share is expected to grow by 10.80% on average over the next years. This is quite good.
  • 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.
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

  • TN8 is valuated rather expensively with a Price/Earnings ratio of 21.38.
  • Based on the Price/Earnings ratio, TN8 is valued a bit cheaper than 66.67% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 25.61. TN8 is around the same levels.
  • TN8 is valuated rather expensively with a Price/Forward Earnings ratio of 19.71.
  • Based on the Price/Forward Earnings ratio, TN8 is valued a bit cheaper than 66.67% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of TN8 to the average of the S&P500 Index (22.79), we can say TN8 is valued inline with the index average.
Industry RankSector Rank
PE 21.38
Fwd PE 19.71
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TN8 is on the same level as its industry peers.
  • 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 RankSector Rank
P/FCF 28.85
EV/EBITDA 19.34
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 an expensive valuation of the company.
PEG (NY)2.53
PEG (5Y)6.71
EPS Next 2Y8.79%
EPS Next 3Y9.32%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. TN8.DE Dividend Analysis

5.1 Amount

  • TN8 has a yearly dividend return of 0.40%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.56, TN8 has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, TN8's dividend is way lower than the S&P500 average.
Industry RankSector 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
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

  • 9.49% of the earnings are spent on dividend by TN8. This is a low number and 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 (3/25/2026, 7:00:00 PM)

422.4

+9.8 (+2.38%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryLife Sciences Tools & Services
Earnings (Last)01-29
Earnings (Next)04-21
Inst Owners95.38%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap156.91B
Revenue(TTM)44.56B
Net Income(TTM)6.70B
Analysts83.03
Price Target569.12 (34.73%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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 RankSector Rank
PE 21.38
Fwd PE 19.71
P/S 4.08
P/FCF 28.85
P/OCF 23.23
P/B 3.4
P/tB N/A
EV/EBITDA 19.34
EPS(TTM)19.76
EY4.68%
EPS(NY)21.43
Fwd EY5.07%
FCF(TTM)14.64
FCFY3.47%
OCF(TTM)18.19
OCFY4.31%
SpS103.65
BVpS124.24
TBVpS-27.43
PEG (NY)2.53
PEG (5Y)6.71
Graham Number235.03
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 3.46
F-Score5
WACC10.39%
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%.