Fortive Corp

Company Profile

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.

Stock update

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

19.1205

Trailing PE

35.0491

PEG

1.7428

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

$-16100000.00

Capital Expenditure

$21 million

Dividend Payout Ratio

8.56%

Fortive Corp ended 2024 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 2024 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 2024, 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 2024.

Other key metrics

Current Trading Price

$76.47

52-Week High

$79.8293

52-Week Low

$57.1946

Analyst Target Price

$81.62

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.