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

Europe • Euronext Milan • BIT:1TMO • US8835561023

541.3 EUR
+47.3 (+9.57%)
Last: Jan 16, 2026, 07:00 PM
Fundamental Rating

4

1TMO gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 18 industry peers in the Life Sciences Tools & Services industry. 1TMO has only an average score on both its financial health and profitability. While showing a medium growth rate, 1TMO is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year 1TMO was profitable.
  • 1TMO had a positive operating cash flow in the past year.
  • 1TMO had positive earnings in each of the past 5 years.
  • In the past 5 years 1TMO always reported a positive cash flow from operatings.
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.
  • 1TMO's Return On Equity of 12.88% is fine compared to the rest of the industry. 1TMO outperforms 75.00% of its industry peers.
  • 1TMO has a Return On Invested Capital (6.85%) which is comparable to the rest of the industry.
  • 1TMO had an Average Return On Invested Capital over the past 3 years of 7.10%. This is below the industry average of 9.98%.
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

  • Looking at the Profit Margin, with a value of 15.02%, 1TMO is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
  • 1TMO's Profit Margin has been stable in the last couple of years.
  • 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.
  • Looking at the Gross Margin, with a value of 41.43%, 1TMO is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of 1TMO has remained more or less at the same level.
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. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 1TMO is destroying value.
  • 1TMO has less shares outstanding than it did 1 year ago.
  • 1TMO has less shares outstanding than it did 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.
  • 1TMO's Debt to FCF ratio of 5.84 is in line compared to the rest of the industry. 1TMO outperforms 55.00% of its industry peers.
  • 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 comparable to the rest of the industry.
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

  • 1TMO has a Current Ratio of 1.50. This is a normal value and indicates that 1TMO is financially healthy and should not expect problems in meeting 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.
  • Looking at the Quick ratio, with a value of 1.11, 1TMO is in the better half of the industry, outperforming 65.00% of the companies in the same industry.
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. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 4.53% over the past year.
  • The Earnings Per Share has been growing by 12.12% on average over the past years. This is quite good.
  • 1TMO shows a small growth in Revenue. In the last year, the Revenue has grown by 3.22%.
  • 1TMO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.92% yearly.
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

  • 1TMO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.66% yearly.
  • 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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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. Valuation

4.1 Price/Earnings Ratio

  • 1TMO is valuated quite expensively with a Price/Earnings ratio of 28.37.
  • Compared to the rest of the industry, the Price/Earnings ratio of 1TMO is on the same level as its industry peers.
  • 1TMO is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.41, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 25.57, 1TMO can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of 1TMO is on the same level as its industry peers.
  • The average S&P500 Price/Forward Earnings ratio is at 25.64. 1TMO is around the same levels.
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 1TMO is on the same level as its industry peers.
  • 1TMO's Price/Free Cash Flow is on the same level as the industry average.
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 1TMO does not grow enough to justify the current Price/Earnings ratio.
  • 1TMO has a very decent profitability rating, which 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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3

5. Dividend

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 0.43.
  • Compared to an average S&P500 Dividend Yield of 1.83, 1TMO's dividend is way lower than the S&P500 average.
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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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%.