THERMO FISHER SCIENTIFIC INC (1TMO.MI) Fundamental Analysis & Valuation

BIT:1TMO • US8835561023

541.3 EUR
+47.3 (+9.57%)
Last: Jan 16, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This 1TMO.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

1TMO gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 19 industry peers in the Life Sciences Tools & Services industry. Both the profitability and the financial health of 1TMO get a neutral evaluation. Nothing too spectacular is happening here. 1TMO is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. 1TMO.MI Profitability Analysis

1.1 Basic Checks

  • In the past year 1TMO was profitable.
  • 1TMO had a positive operating cash flow in the past year.
  • In the past 5 years 1TMO has always been profitable.
  • 1TMO had a positive operating cash flow in each of the past 5 years.
1TMO.MI Yearly Net Income VS EBIT VS OCF VS FCF1TMO.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

1.2 Ratios

  • 1TMO has a better Return On Assets (6.38%) than 75.00% of its industry peers.
  • With a decent Return On Equity value of 12.88%, 1TMO is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • The Return On Invested Capital of 1TMO (6.85%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for 1TMO is below the industry average of 9.64%.
Industry RankSector Rank
ROA 6.38%
ROE 12.88%
ROIC 6.85%
ROA(3y)6.58%
ROA(5y)7.42%
ROE(3y)13.8%
ROE(5y)15.76%
ROIC(3y)7.1%
ROIC(5y)8.12%
1TMO.MI Yearly ROA, ROE, ROIC1TMO.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • 1TMO has a Profit Margin of 15.02%. This is in the better half of the industry: 1TMO outperforms 80.00% of its industry peers.
  • In the last couple of years the Profit Margin of 1TMO has remained more or less at the same level.
  • 1TMO has a better Operating Margin (18.40%) than 65.00% of its industry peers.
  • In the last couple of years the Operating Margin of 1TMO has grown nicely.
  • 1TMO has a Gross Margin (41.43%) which is comparable to the rest of the industry.
  • 1TMO's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 18.4%
PM (TTM) 15.02%
GM 41.43%
OM growth 3Y-12.04%
OM growth 5Y1.61%
PM growth 3Y-9.15%
PM growth 5Y0.42%
GM growth 3Y-6.24%
GM growth 5Y-1.42%
1TMO.MI Yearly Profit, Operating, Gross Margins1TMO.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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4

2. 1TMO.MI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 1TMO is destroying value.
  • The number of shares outstanding for 1TMO has been reduced compared to 1 year ago.
  • The number of shares outstanding for 1TMO has been reduced compared to 5 years ago.
  • The debt/assets ratio for 1TMO has been reduced compared to a year ago.
1TMO.MI Yearly Shares Outstanding1TMO.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
1TMO.MI Yearly Total Debt VS Total Assets1TMO.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B

2.2 Solvency

  • The Debt to FCF ratio of 1TMO is 5.84, which is a neutral value as it means it would take 1TMO, 5.84 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 5.84, 1TMO is in line with its industry, outperforming 55.00% of the companies in the same industry.
  • 1TMO has a Debt/Equity ratio of 0.62. This is a neutral value indicating 1TMO is somewhat dependend on debt financing.
  • 1TMO has a Debt to Equity ratio (0.62) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF 5.84
Altman-Z N/A
ROIC/WACC0.64
WACC10.76%
1TMO.MI Yearly LT Debt VS Equity VS FCF1TMO.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B

2.3 Liquidity

  • A Current Ratio of 1.50 indicates that 1TMO should not have too much problems paying its short term obligations.
  • 1TMO's Current ratio of 1.50 is fine compared to the rest of the industry. 1TMO outperforms 65.00% of its industry peers.
  • A Quick Ratio of 1.11 indicates that 1TMO should not have too much problems paying its short term obligations.
  • 1TMO has a better Quick ratio (1.11) than 65.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.5
Quick Ratio 1.11
1TMO.MI Yearly Current Assets VS Current Liabilites1TMO.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

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4

3. 1TMO.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 4.53% over the past year.
  • Measured over the past years, 1TMO 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 3.22% in the past year.
  • Measured over the past years, 1TMO shows a quite strong growth in Revenue. The Revenue has been growing by 10.92% on average per year.
EPS 1Y (TTM)4.53%
EPS 3Y-4.52%
EPS 5Y12.12%
EPS Q2Q%9.66%
Revenue 1Y (TTM)3.22%
Revenue growth 3Y3.03%
Revenue growth 5Y10.92%
Sales Q2Q%4.94%

3.2 Future

  • Based on estimates for the next years, 1TMO will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.66% on average per year.
  • Based on estimates for the next years, 1TMO will show a small growth in Revenue. The Revenue will grow by 4.65% on average per year.
EPS Next Y5.08%
EPS Next 2Y6.64%
EPS Next 3Y7.93%
EPS Next 5Y9.66%
Revenue Next Year3.54%
Revenue Next 2Y4.31%
Revenue Next 3Y4.71%
Revenue Next 5Y4.65%

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.
1TMO.MI Yearly Revenue VS Estimates1TMO.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 10B 20B 30B 40B 50B
1TMO.MI Yearly EPS VS Estimates1TMO.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 10 20 30

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2

4. 1TMO.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 28.37 indicates a quite expensive valuation of 1TMO.
  • 1TMO's Price/Earnings is on the same level as the industry average.
  • The average S&P500 Price/Earnings ratio is at 26.29. 1TMO is around the same levels.
  • Based on the Price/Forward Earnings ratio of 25.57, the valuation of 1TMO can be described as expensive.
  • The rest of the industry has a similar Price/Forward Earnings ratio as 1TMO.
  • When comparing the Price/Forward Earnings ratio of 1TMO to the average of the S&P500 Index (24.57), we can say 1TMO is valued inline with the index average.
Industry RankSector Rank
PE 28.37
Fwd PE 25.57
1TMO.MI Price Earnings VS Forward Price Earnings1TMO.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 1TMO's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of 1TMO is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 39.08
EV/EBITDA 24.84
1TMO.MI Per share data1TMO.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 100

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The decent profitability rating of 1TMO may justify a higher PE ratio.
PEG (NY)5.58
PEG (5Y)2.34
EPS Next 2Y6.64%
EPS Next 3Y7.93%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. 1TMO.MI Dividend Analysis

5.1 Amount

  • 1TMO has a yearly dividend return of 0.27%, which is pretty low.
  • 1TMO's Dividend Yield is slightly below the industry average, which is at 0.45.
  • With a Dividend Yield of 0.27, 1TMO pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 0.27%

5.2 History

  • On average, the dividend of 1TMO grows each year by 15.42%, which is quite nice.
Dividend Growth(5Y)15.42%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 9.48% of the earnings are spent on dividend by 1TMO. This is a low number and sustainable payout ratio.
  • The dividend of 1TMO is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP9.48%
EPS Next 2Y6.64%
EPS Next 3Y7.93%
1TMO.MI Yearly Income VS Free CF VS Dividend1TMO.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B
1TMO.MI Dividend Payout.1TMO.MI Dividend Payout, showing the Payout Ratio.1TMO.MI Dividend Payout.PayoutRetained Earnings

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1TMO.MI Fundamentals: All Metrics, Ratios and Statistics

THERMO FISHER SCIENTIFIC INC

BIT:1TMO (1/16/2026, 7:00:00 PM)

541.3

+47.3 (+9.57%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryLife Sciences Tools & Services
Earnings (Last)10-22
Earnings (Next)01-29
Inst Owners92.78%
Inst Owner ChangeN/A
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap203.37B
Revenue(TTM)43.74B
Net Income(TTM)6.57B
Analysts83.13
Price Target571.25 (5.53%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.27%
Yearly Dividend1.29
Dividend Growth(5Y)15.42%
DP9.48%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.99%
Min EPS beat(2)1.61%
Max EPS beat(2)4.37%
EPS beat(4)3
Avg EPS beat(4)1.9%
Min EPS beat(4)-0.07%
Max EPS beat(4)4.37%
EPS beat(8)5
Avg EPS beat(8)2.24%
EPS beat(12)7
Avg EPS beat(12)1.19%
EPS beat(16)11
Avg EPS beat(16)4.2%
Revenue beat(2)2
Avg Revenue beat(2)0.79%
Min Revenue beat(2)0.62%
Max Revenue beat(2)0.95%
Revenue beat(4)4
Avg Revenue beat(4)0.47%
Min Revenue beat(4)0.04%
Max Revenue beat(4)0.95%
Revenue beat(8)6
Avg Revenue beat(8)0.12%
Revenue beat(12)7
Avg Revenue beat(12)0.36%
Revenue beat(16)11
Avg Revenue beat(16)2.75%
PT rev (1m)6.52%
PT rev (3m)18.19%
EPS NQ rev (1m)0.02%
EPS NQ rev (3m)-1.18%
EPS NY rev (1m)0%
EPS NY rev (3m)1.06%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)1.06%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.7%
Valuation
Industry RankSector Rank
PE 28.37
Fwd PE 25.57
P/S 5.46
P/FCF 39.08
P/OCF 31.22
P/B 4.68
P/tB N/A
EV/EBITDA 24.84
EPS(TTM)19.08
EY3.52%
EPS(NY)21.17
Fwd EY3.91%
FCF(TTM)13.85
FCFY2.56%
OCF(TTM)17.34
OCFY3.2%
SpS99.14
BVpS115.66
TBVpS-32.88
PEG (NY)5.58
PEG (5Y)2.34
Graham Number222.83
Profitability
Industry RankSector Rank
ROA 6.38%
ROE 12.88%
ROCE 9.13%
ROIC 6.85%
ROICexc 7.14%
ROICexgc 31.68%
OM 18.4%
PM (TTM) 15.02%
GM 41.43%
FCFM 13.97%
ROA(3y)6.58%
ROA(5y)7.42%
ROE(3y)13.8%
ROE(5y)15.76%
ROIC(3y)7.1%
ROIC(5y)8.12%
ROICexc(3y)7.8%
ROICexc(5y)9.07%
ROICexgc(3y)38.8%
ROICexgc(5y)44.27%
ROCE(3y)9.48%
ROCE(5y)10.9%
ROICexgc growth 3Y-8.22%
ROICexgc 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-6.24%
GM growth 5Y-1.42%
F-Score8
Asset Turnover0.42
Health
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF 5.84
Debt/EBITDA 2.94
Cap/Depr 55.1%
Cap/Sales 3.52%
Interest Coverage 250
Cash Conversion 70.55%
Profit Quality 93%
Current Ratio 1.5
Quick Ratio 1.11
Altman-Z N/A
F-Score8
WACC10.76%
ROIC/WACC0.64
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)4.53%
EPS 3Y-4.52%
EPS 5Y12.12%
EPS Q2Q%9.66%
EPS Next Y5.08%
EPS Next 2Y6.64%
EPS Next 3Y7.93%
EPS Next 5Y9.66%
Revenue 1Y (TTM)3.22%
Revenue growth 3Y3.03%
Revenue growth 5Y10.92%
Sales Q2Q%4.94%
Revenue Next Year3.54%
Revenue Next 2Y4.31%
Revenue Next 3Y4.71%
Revenue Next 5Y4.65%
EBIT growth 1Y8.68%
EBIT growth 3Y-9.38%
EBIT growth 5Y12.7%
EBIT Next Year15.31%
EBIT Next 3Y9.31%
EBIT Next 5Y9.16%
FCF growth 1Y-6.66%
FCF growth 3Y2.29%
FCF growth 5Y12.42%
OCF growth 1Y-6.36%
OCF growth 3Y-2.36%
OCF growth 5Y11.75%

THERMO FISHER SCIENTIFIC INC / 1TMO.MI FAQ

What is the ChartMill fundamental rating of THERMO FISHER SCIENTIFIC INC (1TMO.MI) stock?

ChartMill assigns a fundamental rating of 4 / 10 to 1TMO.MI.


What is the valuation status for 1TMO stock?

ChartMill assigns a valuation rating of 3 / 10 to THERMO FISHER SCIENTIFIC INC (1TMO.MI). This can be considered as Overvalued.


Can you provide the profitability details for THERMO FISHER SCIENTIFIC INC?

THERMO FISHER SCIENTIFIC INC (1TMO.MI) has a profitability rating of 6 / 10.


Can you provide the expected EPS growth for 1TMO stock?

The Earnings per Share (EPS) of THERMO FISHER SCIENTIFIC INC (1TMO.MI) is expected to grow by 5.08% in the next year.


Can you provide the dividend sustainability for 1TMO stock?

The dividend rating of THERMO FISHER SCIENTIFIC INC (1TMO.MI) is 3 / 10 and the dividend payout ratio is 9.48%.