THERMO FISHER SCIENTIFIC INC (TN8.DE) Stock Fundamental Analysis
Europe - FRA:TN8 - US8835561023 - Common Stock
403.65 EUR
-0.95 (-0.23%)
Overall TN8 gets a fundamental rating of 5 out of 10. We evaluated TN8 against 19 industry peers in the Life Sciences Tools & Services industry. TN8 scores excellent on profitability, but there are some minor concerns on its financial health. TN8 is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
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.
TN8 had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.50%, TN8 belongs to the top of the industry, outperforming 89.47% of the companies in the same industry.
TN8's Return On Equity of 13.04% is amongst the best of the industry. TN8 outperforms 89.47% of its industry peers.
TN8's Return On Invested Capital of 6.25% is in line compared to the rest of the industry. TN8 outperforms 57.89% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TN8 is in line with the industry average of 7.19%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.5% | ||
| ROE | 13.04% | ||
| ROIC | 6.25% |
ROA(3y)6.58%
ROA(5y)7.42%
ROE(3y)13.81%
ROE(5y)15.77%
ROIC(3y)6.66%
ROIC(5y)7.62%
1.3 Margins
TN8 has a Profit Margin of 15.24%. This is amongst the best in the industry. TN8 outperforms 89.47% of its industry peers.
In the last couple of years the Profit Margin of TN8 has remained more or less at the same level.
With a decent Operating Margin value of 18.18%, TN8 is doing good in the industry, outperforming 73.68% of the companies in the same industry.
In the last couple of years the Operating Margin of TN8 has grown nicely.
Looking at the Gross Margin, with a value of 41.34%, TN8 is in the better half of the industry, outperforming 63.16% of the companies in the same industry.
In the last couple of years the Gross Margin of TN8 has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.18% | ||
| PM (TTM) | 15.24% | ||
| GM | 41.34% |
OM growth 3Y-12.04%
OM growth 5Y1.61%
PM growth 3Y-9.15%
PM growth 5Y0.42%
GM growth 3Y-5.61%
GM growth 5Y-1.03%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TN8 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 an improved debt to assets ratio.
2.2 Solvency
TN8 has a debt to FCF ratio of 5.71. This is a neutral value as TN8 would need 5.71 years to pay back of all of its debts.
TN8 has a Debt to FCF ratio of 5.71. This is comparable to the rest of the industry: TN8 outperforms 52.63% of its industry peers.
TN8 has a Debt/Equity ratio of 0.65. This is a neutral value indicating TN8 is somewhat dependend on debt financing.
TN8's Debt to Equity ratio of 0.65 is in line compared to the rest of the industry. TN8 outperforms 57.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 5.71 | ||
| Altman-Z | N/A |
ROIC/WACC0.63
WACC9.93%
2.3 Liquidity
A Current Ratio of 1.93 indicates that TN8 should not have too much problems paying its short term obligations.
With an excellent Current ratio value of 1.93, TN8 belongs to the best of the industry, outperforming 89.47% of the companies in the same industry.
A Quick Ratio of 1.50 indicates that TN8 should not have too much problems paying its short term obligations.
TN8 has a Quick ratio of 1.50. This is amongst the best in the industry. TN8 outperforms 94.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.5 |
3. Growth
3.1 Past
TN8 shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.23%.
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.
The Revenue has been growing slightly by 2.05% in the past 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)0.23%
EPS 3Y-4.52%
EPS 5Y12.12%
EPS Q2Q%-0.19%
Revenue 1Y (TTM)2.05%
Revenue growth 3Y3.03%
Revenue growth 5Y10.92%
Sales Q2Q%2.98%
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 9.36% yearly.
The Revenue is expected to grow by 4.55% on average over the next years.
EPS Next Y3.98%
EPS Next 2Y6.16%
EPS Next 3Y7.53%
EPS Next 5Y9.36%
Revenue Next Year2.69%
Revenue Next 2Y3.73%
Revenue Next 3Y4.43%
Revenue Next 5Y4.55%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
A Price/Earnings ratio of 21.77 indicates a rather expensive valuation of TN8.
TN8's Price/Earnings ratio is a bit cheaper when compared to the industry. TN8 is cheaper than 73.68% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.20, TN8 is valued at the same level.
A Price/Forward Earnings ratio of 19.34 indicates a rather expensive valuation of TN8.
68.42% of the companies in the same industry are more expensive than TN8, based on the Price/Forward Earnings ratio.
TN8's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.71.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.77 | ||
| Fwd PE | 19.34 |
4.2 Price Multiples
TN8's Enterprise Value to EBITDA ratio is in line with the industry average.
TN8's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.17 | ||
| EV/EBITDA | 19.29 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
TN8 has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)5.47
PEG (5Y)1.8
EPS Next 2Y6.16%
EPS Next 3Y7.53%
5. Dividend
5.1 Amount
With a yearly dividend of 0.35%, TN8 is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 0.71, TN8 is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.38, TN8's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.35% |
5.2 History
The dividend of TN8 is nicely growing with an annual growth rate of 15.37%!
Dividend Growth(5Y)15.37%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
9.26% 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.
DP9.26%
EPS Next 2Y6.16%
EPS Next 3Y7.53%
FRA:TN8 (9/16/2025, 7:00:00 PM)
403.65
-0.95 (-0.23%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryLife Sciences Tools & Services
Earnings (Last)
Earnings (Next)
Inst Owners92.18%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap152.42B
Analysts81.14
Price Target475.03 (17.68%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.35% |
Yearly Dividend1.29
Dividend Growth(5Y)15.37%
DP9.26%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.77%
Min EPS beat(2)-0.07%
Max EPS beat(2)1.61%
EPS beat(4)2
Avg EPS beat(4)0.72%
Min EPS beat(4)-0.34%
Max EPS beat(4)1.69%
EPS beat(8)5
Avg EPS beat(8)1.74%
EPS beat(12)7
Avg EPS beat(12)1.2%
EPS beat(16)11
Avg EPS beat(16)5.31%
Revenue beat(2)2
Avg Revenue beat(2)0.45%
Min Revenue beat(2)0.28%
Max Revenue beat(2)0.62%
Revenue beat(4)3
Avg Revenue beat(4)-0.1%
Min Revenue beat(4)-1.36%
Max Revenue beat(4)0.62%
Revenue beat(8)5
Avg Revenue beat(8)-0.15%
Revenue beat(12)7
Avg Revenue beat(12)0.84%
Revenue beat(16)11
Avg Revenue beat(16)3.32%
PT rev (1m)-1.76%
PT rev (3m)-6.77%
EPS NQ rev (1m)0.01%
EPS NQ rev (3m)-4.71%
EPS NY rev (1m)0.77%
EPS NY rev (3m)0.87%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)-0.18%
Revenue NY rev (1m)0.19%
Revenue NY rev (3m)0.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.77 | ||
| Fwd PE | 19.34 | ||
| P/S | 4.16 | ||
| P/FCF | 29.17 | ||
| P/OCF | 23.75 | ||
| P/B | 3.57 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.29 |
EPS(TTM)18.54
EY4.59%
EPS(NY)20.87
Fwd EY5.17%
FCF(TTM)13.84
FCFY3.43%
OCF(TTM)17
OCFY4.21%
SpS96.92
BVpS113.21
TBVpS-26.74
PEG (NY)5.47
PEG (5Y)1.8
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.5% | ||
| ROE | 13.04% | ||
| ROCE | 8.88% | ||
| ROIC | 6.25% | ||
| ROICexc | 6.74% | ||
| ROICexgc | 28.04% | ||
| OM | 18.18% | ||
| PM (TTM) | 15.24% | ||
| GM | 41.34% | ||
| FCFM | 14.28% |
ROA(3y)6.58%
ROA(5y)7.42%
ROE(3y)13.81%
ROE(5y)15.77%
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%
ROICexcg growth 3Y-8.22%
ROICexcg 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-5.61%
GM growth 5Y-1.03%
F-Score7
Asset Turnover0.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 5.71 | ||
| Debt/EBITDA | 3.08 | ||
| Cap/Depr | 49.03% | ||
| Cap/Sales | 3.26% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 70.63% | ||
| Profit Quality | 93.71% | ||
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.5 | ||
| Altman-Z | N/A |
F-Score7
WACC9.93%
ROIC/WACC0.63
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)0.23%
EPS 3Y-4.52%
EPS 5Y12.12%
EPS Q2Q%-0.19%
EPS Next Y3.98%
EPS Next 2Y6.16%
EPS Next 3Y7.53%
EPS Next 5Y9.36%
Revenue 1Y (TTM)2.05%
Revenue growth 3Y3.03%
Revenue growth 5Y10.92%
Sales Q2Q%2.98%
Revenue Next Year2.69%
Revenue Next 2Y3.73%
Revenue Next 3Y4.43%
Revenue Next 5Y4.55%
EBIT growth 1Y5.17%
EBIT growth 3Y-9.38%
EBIT growth 5Y12.7%
EBIT Next Year13.42%
EBIT Next 3Y8.96%
EBIT Next 5Y8.68%
FCF growth 1Y5.4%
FCF growth 3Y2.29%
FCF growth 5Y12.42%
OCF growth 1Y-1.49%
OCF growth 3Y-2.36%
OCF growth 5Y11.75%