FORTIVE CORP (F03.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:F03 • US34959J1088

45.94 EUR
+0.52 (+1.14%)
Last: Feb 3, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to F03. F03 was compared to 112 industry peers in the Machinery industry. F03 scores excellent on profitability, but there are some minor concerns on its financial health. F03 has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • F03 had positive earnings in the past year.
  • F03 had a positive operating cash flow in the past year.
  • Of the past 5 years F03 4 years were profitable.
  • F03 had a positive operating cash flow in 4 of the past 5 years.
F03.DE Yearly Net Income VS EBIT VS OCF VS FCFF03.DE 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 500M 1B 1.5B 2B 2.5B

1.2 Ratios

  • F03 has a Return On Assets of 5.07%. This is in the better half of the industry: F03 outperforms 66.07% of its industry peers.
  • The Return On Equity of F03 (9.26%) is comparable to the rest of the industry.
  • The Return On Invested Capital of F03 (8.52%) is better than 70.54% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for F03 is in line with the industry average of 8.65%.
  • The 3 year average ROIC (6.67%) for F03 is below the current ROIC(8.52%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.07%
ROE 9.26%
ROIC 8.52%
ROA(3y)4.92%
ROA(5y)5.57%
ROE(3y)8.12%
ROE(5y)9.53%
ROIC(3y)6.67%
ROIC(5y)5.86%
F03.DE Yearly ROA, ROE, ROICF03.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

1.3 Margins

  • F03 has a Profit Margin of 10.68%. This is amongst the best in the industry. F03 outperforms 84.82% of its industry peers.
  • F03's Profit Margin has declined in the last couple of years.
  • With an excellent Operating Margin value of 16.42%, F03 belongs to the best of the industry, outperforming 83.93% of the companies in the same industry.
  • In the last couple of years the Operating Margin of F03 has grown nicely.
  • Looking at the Gross Margin, with a value of 60.33%, F03 belongs to the top of the industry, outperforming 84.82% of the companies in the same industry.
  • In the last couple of years the Gross Margin of F03 has grown nicely.
Industry RankSector Rank
OM 16.42%
PM (TTM) 10.68%
GM 60.33%
OM growth 3Y6.19%
OM growth 5Y12.39%
PM growth 3Y6.96%
PM growth 5Y-1.86%
GM growth 3Y1.52%
GM growth 5Y1.93%
F03.DE Yearly Profit, Operating, Gross MarginsF03.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), F03 is destroying value.
  • There is no outstanding debt for F03. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
F03.DE Yearly Shares OutstandingF03.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
F03.DE Yearly Total Debt VS Total AssetsF03.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

  • F03 has an Altman-Z score of 3.20. This indicates that F03 is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 3.20, F03 is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
  • F03 has a debt to FCF ratio of 2.98. This is a good value and a sign of high solvency as F03 would need 2.98 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 2.98, F03 is doing good in the industry, outperforming 69.64% of the companies in the same industry.
  • F03 has a Debt/Equity ratio of 0.33. This is a healthy value indicating a solid balance between debt and equity.
  • F03 has a Debt to Equity ratio (0.33) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 2.98
Altman-Z 3.2
ROIC/WACC0.9
WACC9.49%
F03.DE Yearly LT Debt VS Equity VS FCFF03.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.3 Liquidity

  • A Current Ratio of 0.70 indicates that F03 may have some problems paying its short term obligations.
  • The Current ratio of F03 (0.70) is worse than 94.64% of its industry peers.
  • A Quick Ratio of 0.58 indicates that F03 may have some problems paying its short term obligations.
  • F03's Quick ratio of 0.58 is on the low side compared to the rest of the industry. F03 is outperformed by 87.50% of its industry peers.
Industry RankSector Rank
Current Ratio 0.7
Quick Ratio 0.58
F03.DE Yearly Current Assets VS Current LiabilitesF03.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. Growth

3.1 Past

  • F03 shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -22.82%.
  • Measured over the past years, F03 shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.33% on average per year.
EPS 1Y (TTM)-22.82%
EPS 3Y-1.5%
EPS 5Y-0.33%
EPS Q2Q%-23.08%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-30.72%

3.2 Future

  • F03 is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.10% yearly.
  • F03 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.94% yearly.
EPS Next Y-4.61%
EPS Next 2Y1.33%
EPS Next 3Y6.1%
EPS Next 5Y7.1%
Revenue Next Year3.04%
Revenue Next 2Y3.49%
Revenue Next 3Y3.9%
Revenue Next 5Y3.94%

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 accelerating.
F03.DE Yearly Revenue VS EstimatesF03.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B
F03.DE Yearly EPS VS EstimatesF03.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4

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4

4. Valuation

4.1 Price/Earnings Ratio

  • F03 is valuated rather expensively with a Price/Earnings ratio of 18.02.
  • Based on the Price/Earnings ratio, F03 is valued a bit cheaper than the industry average as 72.32% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 27.93. F03 is valued slightly cheaper when compared to this.
  • F03 is valuated rather expensively with a Price/Forward Earnings ratio of 18.87.
  • F03's Price/Forward Earnings ratio is in line with the industry average.
  • F03's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.77.
Industry RankSector Rank
PE 18.02
Fwd PE 18.87
F03.DE Price Earnings VS Forward Price EarningsF03.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of F03 indicates a slightly more expensive valuation: F03 is more expensive than 62.50% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of F03 indicates a somewhat cheap valuation: F03 is cheaper than 64.29% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 15.53
EV/EBITDA 14.48
F03.DE Per share dataF03.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 15

4.3 Compensation for Growth

  • F03 has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y1.33%
EPS Next 3Y6.1%

More info and screens

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

2

5. Dividend

5.1 Amount

  • F03 has a yearly dividend return of 0.40%, which is pretty low.
  • F03's Dividend Yield is slightly below the industry average, which is at 1.45.
  • With a Dividend Yield of 0.40, F03 pays less dividend than the S&P500 average, which is at 1.81.
Industry RankSector Rank
Dividend Yield 0.4%

5.2 History

  • The dividend of F03 decreases each year by -7.91%.
Dividend Growth(5Y)-7.91%
Div Incr YearsN/A
Div Non Decr YearsN/A
F03.DE Yearly Dividends per shareF03.DE Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2025 0.05 0.1 0.15 0.2 0.25

5.3 Sustainability

  • F03 pays out 16.72% of its income as dividend. This is a sustainable payout ratio.
DP16.72%
EPS Next 2Y1.33%
EPS Next 3Y6.1%
F03.DE Yearly Income VS Free CF VS DividendF03.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B
F03.DE Dividend Payout.F03.DE Dividend Payout, showing the Payout Ratio.F03.DE Dividend Payout.PayoutRetained Earnings

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FORTIVE CORP

FRA:F03 (2/3/2026, 7:00:00 PM)

45.94

+0.52 (+1.14%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)02-04
Earnings (Next)04-29
Inst Owners103.24%
Inst Owner ChangeN/A
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap14.59B
Revenue(TTM)N/A
Net Income(TTM)602.30M
Analysts67.5
Price Target49.33 (7.38%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.4%
Yearly Dividend0.27
Dividend Growth(5Y)-7.91%
DP16.72%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.32%
Min EPS beat(2)-3.21%
Max EPS beat(2)17.85%
EPS beat(4)2
Avg EPS beat(4)4.27%
Min EPS beat(4)-3.21%
Max EPS beat(4)17.85%
EPS beat(8)6
Avg EPS beat(8)3.46%
EPS beat(12)9
Avg EPS beat(12)3%
EPS beat(16)13
Avg EPS beat(16)3.03%
Revenue beat(2)1
Avg Revenue beat(2)0.12%
Min Revenue beat(2)-0.65%
Max Revenue beat(2)0.89%
Revenue beat(4)1
Avg Revenue beat(4)-0.8%
Min Revenue beat(4)-2.24%
Max Revenue beat(4)0.89%
Revenue beat(8)2
Avg Revenue beat(8)-1.04%
Revenue beat(12)5
Avg Revenue beat(12)-0.66%
Revenue beat(16)7
Avg Revenue beat(16)-0.55%
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)0.08%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.19%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.1%
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 18.02
Fwd PE 18.87
P/S 3.05
P/FCF 15.53
P/OCF 14.11
P/B 2.65
P/tB N/A
EV/EBITDA 14.48
EPS(TTM)2.55
EY5.55%
EPS(NY)2.43
Fwd EY5.3%
FCF(TTM)2.96
FCFY6.44%
OCF(TTM)3.26
OCFY7.09%
SpS15.06
BVpS17.36
TBVpS-8.12
PEG (NY)N/A
PEG (5Y)N/A
Graham Number31.56
Profitability
Industry RankSector Rank
ROA 5.07%
ROE 9.26%
ROCE 9.84%
ROIC 8.52%
ROICexc 8.93%
ROICexgc N/A
OM 16.42%
PM (TTM) 10.68%
GM 60.33%
FCFM 19.64%
ROA(3y)4.92%
ROA(5y)5.57%
ROE(3y)8.12%
ROE(5y)9.53%
ROIC(3y)6.67%
ROIC(5y)5.86%
ROICexc(3y)7.24%
ROICexc(5y)6.49%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)7.7%
ROCE(5y)6.77%
ROICexgc growth 3YN/A
ROICexgc growth 5Y22.28%
ROICexc growth 3Y6.66%
ROICexc growth 5Y17.49%
OM growth 3Y6.19%
OM growth 5Y12.39%
PM growth 3Y6.96%
PM growth 5Y-1.86%
GM growth 3Y1.52%
GM growth 5Y1.93%
F-Score7
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 2.98
Debt/EBITDA 1.53
Cap/Depr 24.22%
Cap/Sales 1.98%
Interest Coverage 250
Cash Conversion 87.89%
Profit Quality 183.93%
Current Ratio 0.7
Quick Ratio 0.58
Altman-Z 3.2
F-Score7
WACC9.49%
ROIC/WACC0.9
Cap/Depr(3y)22.1%
Cap/Depr(5y)19.73%
Cap/Sales(3y)1.78%
Cap/Sales(5y)1.59%
Profit Quality(3y)157.54%
Profit Quality(5y)143.9%
High Growth Momentum
Growth
EPS 1Y (TTM)-22.82%
EPS 3Y-1.5%
EPS 5Y-0.33%
EPS Q2Q%-23.08%
EPS Next Y-4.61%
EPS Next 2Y1.33%
EPS Next 3Y6.1%
EPS Next 5Y7.1%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-30.72%
Revenue Next Year3.04%
Revenue Next 2Y3.49%
Revenue Next 3Y3.9%
Revenue Next 5Y3.94%
EBIT growth 1Y-21.25%
EBIT growth 3Y12.4%
EBIT growth 5Y19.62%
EBIT Next Year-7.29%
EBIT Next 3Y0.65%
EBIT Next 5Y3.03%
FCF growth 1Y-12.16%
FCF growth 3Y15.57%
FCF growth 5Y3.95%
OCF growth 1Y-11.05%
OCF growth 3Y16.68%
OCF growth 5Y3.73%

FORTIVE CORP / F03.DE FAQ

What is the ChartMill fundamental rating of FORTIVE CORP (F03.DE) stock?

ChartMill assigns a fundamental rating of 4 / 10 to F03.DE.


What is the valuation status of FORTIVE CORP (F03.DE) stock?

ChartMill assigns a valuation rating of 4 / 10 to FORTIVE CORP (F03.DE). This can be considered as Fairly Valued.


What is the profitability of F03 stock?

FORTIVE CORP (F03.DE) has a profitability rating of 7 / 10.


What is the valuation of FORTIVE CORP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for FORTIVE CORP (F03.DE) is 18.02 and the Price/Book (PB) ratio is 2.65.


What is the expected EPS growth for FORTIVE CORP (F03.DE) stock?

The Earnings per Share (EPS) of FORTIVE CORP (F03.DE) is expected to decline by -4.61% in the next year.