Prices are adjusted according to historical splits.
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- Market Cap.:
- $27.64 billion
- Book Value:
- Revenue TTM:
- $5.97 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $3.36 billion
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Fortive Corp had its IPO on 2016-07-01 under the ticker symbol FTV.
The company operates in the Technology sector and Scientific & Technical Instruments industry. Fortive Corp has a staff strength of 18,000 employees.
Shares of Fortive Corp opened at $78.1 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $76.38 - $79, and closed at $76.47.
This is a -2.6% slip from the previous day's closing price.
A total volume of 1,869,773 shares were traded at the close of the day’s session.
In the last one week, shares of Fortive Corp have slipped by -3.23%.
Fortive Corp's Key Ratios
Fortive Corp has a market cap of $27.64 billion, indicating a price to book ratio of 2.519 and a price to sales ratio of 3.9688.
In the last 12-months Fortive Corp’s revenue was $5.97 billion with a gross profit of $3.36 billion and an EBITDA of $1.56 billion. The EBITDA ratio measures Fortive Corp's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Fortive Corp’s operating margin was 18.37% while its return on assets stood at 4.31% with a return of equity of 8.23%.
In Q2, Fortive Corp’s quarterly earnings growth was a positive 22.9% while revenue growth was a positive 4.3%.
Fortive Corp’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $2.24 per share while it has a forward price to earnings multiple of 19.1205 and a PEG multiple of 1.7428. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Fortive Corp’s profitability.
Fortive Corp stock is trading at a EV to sales ratio of 4.6749 and a EV to EBITDA ratio of 19.8333. Its price to sales ratio in the trailing 12-months stood at 3.9688.
Fortive Corp stock pays annual dividends of $0.28 per share, indicating a yield of 0.36% and a payout ratio of 8.56%.
Balance sheet and cash flow metrics
- Total Assets
- $15.73 billion
- Total Liabilities
- $2.59 billion
- Operating Cash Flow
- Capital Expenditure
- $21 million
- Dividend Payout Ratio
Fortive Corp ended 2023 with $15.73 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $15.73 billion while shareholder equity stood at $9.97 billion.
Fortive Corp ended 2023 with $0 in deferred long-term liabilities, $2.59 billion in other current liabilities, 3600000.00 in common stock, $7.08 billion in retained earnings and $9.05 billion in goodwill. Its cash balance stood at $712.80 million and cash and short-term investments were $712.80 million. The company’s total short-term debt was $999,900,000 while long-term debt stood at $1.98 billion.
Fortive Corp’s total current assets stands at $2.47 billion while long-term investments were $0 and short-term investments were $0. Its net receivables were $935.20 million compared to accounts payable of $585.60 million and inventory worth $561.20 million.
In 2023, Fortive Corp's operating cash flow was $-16100000.00 while its capital expenditure stood at $21 million.
Comparatively, Fortive Corp paid $0.09 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Fortive Corp stock is currently trading at $76.47 per share. It touched a 52-week high of $79.8293 and a 52-week low of $79.8293. Analysts tracking the stock have a 12-month average target price of $81.62.
Its 50-day moving average was $76.63 and 200-day moving average was $69.07 The short ratio stood at 2.17 indicating a short percent outstanding of 0%.
Around 22.6% of the company’s stock are held by insiders while 9713.3% are held by institutions.
Frequently Asked Questions About Fortive Corp
Similar Industry Stocks (Scientific & Technical Instruments)
Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Intelligent Operating Solutions segment provides advanced instrumentation, software and services, which includes electrical test and measurement, facility and asset lifecycle software applications, and worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries. Additionally, it markets its products and services under the ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, PRUFTECHNIK, and SERVICECHANNEL brands. Its Precision Technologies segment provides electrical test & measurement, sensing and material technologies under the ANDERSON-NEGELE, GEMS, SETRA, HENGSTLER-DYNAPAR, QUALITROL, PACIFIC SCIENTIFIC, KEITHLEY, and TEKTRONIX brands for industrial, power and energy, automotive, medical equipment, food and beverage, aerospace and defense, semiconductor, and other general industries. Advanced Healthcare Solutions segment offers critical workflow solutions including instrument sterilization, instrument tracking, design and manufacture of cell therapy equipment, biomedical test tools, radiation detection and safety monitoring, and end-to-end clinical productivity software and solutions under the ASP, CENSIS, CENSITRAC, EVOTECH, FLUKE BIOMEDICAL, INVETECH, LANDAUER, PROVATION, RAYSAFE, and STERRAD brands. The company was incorporated in 2015 and is headquartered in Everett, Washington.