Is FORTIVE CORP (NYSE:FTV) a Strong Candidate for Quality Investing?

In this article we will dive into FORTIVE CORP (NYSE:FTV) as a possible candidate for quality investing. Investors should always do their own research, but we noticed FORTIVE CORP showing up in our Caviar Cruise quality screen, which makes it worth to investigate a bit more.

Exploring Why FTV Holds Appeal for Quality Investors.

• FTV has shown strong performance in revenue growth over the past 5 years, with a 6.43% increase. This indicates the company's ability to generate consistent revenue growth and reflects its potential for long-term success.
• The ROIC excluding cash and goodwill of FTV stands at 218.0%, reflecting the company's strong financial management and profitability. This metric underscores its ability to generate favorable returns on the capital invested in its core operations.
• FTV maintains a healthy Debt/Free Cash Flow Ratio of 2.64, 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.
• The Profit Quality (5-year) of FTV stands at 144.0%, highlighting its ability to consistently generate reliable profits. This metric underscores the company's strong business fundamentals and reinforces its position as a financially stable entity.
• FTV has consistently achieved strong EBIT growth over the past 5 years, with a 19.62% increase. This underscores the company's effective management of its operating income and suggests a positive outlook for future profitability.
• FTV demonstrates a remarkable trend where its EBIT 5-year growth exceeds its Revenue 5-year growth. This indicates the company's ability to enhance its profitability through improved cost control and operational efficiency.

What else is there to say on the fundamentals of FTV?

Every day, ChartMill assigns a Fundamental Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various fundamental indicators and properties.

Taking everything into account, FTV scores 5 out of 10 in our fundamental rating. FTV was compared to 129 industry peers in the Machinery industry. While FTV has a great profitability rating, there are some minor concerns on its financial health. FTV has a correct valuation and a medium growth rate.

For an up to date full fundamental analysis you can check the fundamental report of FTV

Our Caviar Cruise screen will find you more ideas suited for quality investing.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.