Reasonable growth and debt and a high ROIC for FORTIVE CORP (NYSE:FTV).

Quality investors are looking for the best of the best. Companies which are growing steadily and consistently, but are also in excellent financial condition. We will have a look here to see if FORTIVE CORP (NYSE:FTV) is suited for quality investing. Investors should of course do their own research, but we spotted FORTIVE CORP showing up in our Caviar Cruise quality screen, so it may be worth spending some more time on it.

Some of the quality metrics of NYSE:FTV highlighted

• FORTIVE CORP has achieved substantial revenue growth over the past 5 years, with a 9.8% increase. This signifies the company's ability to successfully capture market opportunities and generate sustained revenue growth.
• With a notable ROIC excluding cash and goodwill at 246.0%, FORTIVE CORP demonstrates its commitment to generating sustainable returns for shareholders. This metric emphasizes the company's effective use of capital and its ability to deliver long-term value.
• FORTIVE CORP maintains a healthy Debt/Free Cash Flow Ratio of 2.93, indicating a strong financial position and prudent debt management. This ratio suggests the company has sufficient free cash flow to cover its debt obligations and highlights its ability to generate cash from operations.
• FORTIVE CORP exhibits impressive Profit Quality (5-year) with a 145.0% ratio, reflecting its consistent ability to generate high-quality profits. This metric underscores the company's strong financial performance and commitment to delivering sustainable earnings.
• With a robust 5-year EBIT growth of 11.83%, FORTIVE CORP showcases its ability to consistently expand its operating profitability. This trend indicates the company's effective cost management and revenue generation strategies.
• With EBIT 5-year growth outpacing its Revenue 5-year growth, FORTIVE CORP showcases its effective cost management and enhanced operational performance. This suggests the company's ability to generate higher earnings from its revenue streams.

Fundamental Analysis Observations

As part of its analysis, ChartMill provides a comprehensive Fundamental Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various fundamental indicators and properties.

We assign a fundamental rating of 5 out of 10 to FTV. FTV was compared to 133 industry peers in the Machinery industry. FTV scores excellent on profitability, but there are some minor concerns on its financial health. While showing a medium growth rate, FTV is valued expensive at the moment.

Check the latest full fundamental report of FTV for a complete fundamental analysis.

More quality stocks can be found in our Caviar Cruise screen.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.