FORTIVE CORP (F03.DE) Fundamental Analysis & Valuation

FRA:F03 • US34959J1088

Current stock price

48.42 EUR
+0.26 (+0.54%)
Last:

This F03.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. F03.DE Profitability Analysis

1.1 Basic Checks

  • In the past year F03 was profitable.
  • F03 had a positive operating cash flow in the past year.
  • In the past 5 years F03 has always been profitable.
  • F03 had a positive operating cash flow in each 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 2025 500M 1B 1.5B 2B 2.5B

1.2 Ratios

  • F03 has a better Return On Assets (4.93%) than 68.22% of its industry peers.
  • F03 has a better Return On Equity (8.98%) than 62.62% of its industry peers.
  • F03 has a better Return On Invested Capital (6.24%) than 61.68% of its industry peers.
  • F03 had an Average Return On Invested Capital over the past 3 years of 4.67%. This is below the industry average of 8.83%.
  • The last Return On Invested Capital (6.24%) for F03 is above the 3 year average (4.67%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.93%
ROE 8.98%
ROIC 6.24%
ROA(3y)4.98%
ROA(5y)4.64%
ROE(3y)8.51%
ROE(5y)7.87%
ROIC(3y)4.67%
ROIC(5y)4.79%
F03.DE Yearly ROA, ROE, ROICF03.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

1.3 Margins

  • F03's Profit Margin of 11.26% is amongst the best of the industry. F03 outperforms 90.65% of its industry peers.
  • F03's Profit Margin has declined in the last couple of years.
  • F03 has a better Operating Margin (16.35%) than 88.78% of its industry peers.
  • F03's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 60.96%, F03 belongs to the top of the industry, outperforming 85.05% 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 16.35%
PM (TTM) 11.26%
GM 60.96%
OM growth 3Y0.12%
OM growth 5Y7.54%
PM growth 3Y2.42%
PM growth 5Y-16.01%
GM growth 3Y3.23%
GM growth 5Y2.44%
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 2025 20 40 60

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4

2. F03.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so F03 is destroying value.
  • F03 has less shares outstanding than it did 1 year ago.
  • F03 has less shares outstanding than it did 5 years ago.
  • F03 has a worse debt/assets ratio than last year.
F03.DE Yearly Shares OutstandingF03.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 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 73.83% of the companies in the same industry.
  • The Debt to FCF ratio of F03 is 3.28, which is a good value as it means it would take F03, 3.28 years of fcf income to pay off all of its debts.
  • F03 has a Debt to FCF ratio of 3.28. This is in the better half of the industry: F03 outperforms 70.09% of its industry peers.
  • A Debt/Equity ratio of 0.36 indicates that F03 is not too dependend on debt financing.
  • The Debt to Equity ratio of F03 (0.36) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 3.28
Altman-Z 3.2
ROIC/WACC0.69
WACC9.03%
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 2025 2B 4B 6B 8B 10B

2.3 Liquidity

  • F03 has a Current Ratio of 0.71. This is a bad value and indicates that F03 is not financially healthy enough and could expect problems in meeting its short term obligations.
  • F03 has a worse Current ratio (0.71) than 94.39% of its industry peers.
  • A Quick Ratio of 0.58 indicates that F03 may have some problems paying its short term obligations.
  • F03 has a Quick ratio of 0.58. This is amonst the worse of the industry: F03 underperforms 83.18% of its industry peers.
Industry RankSector Rank
Current Ratio 0.71
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 2025 1B 2B 3B 4B

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3

3. F03.DE Growth Analysis

3.1 Past

  • The earnings per share for F03 have decreased strongly by -22.82% in the last year.
  • 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.
  • The Revenue for F03 has decreased by -17.48% in the past year. This is quite bad
  • The Revenue has been decreasing by -2.14% on average over the past years.
EPS 1Y (TTM)-22.82%
EPS 3Y-1.5%
EPS 5Y-0.33%
EPS Q2Q%-23.08%
Revenue 1Y (TTM)-17.48%
Revenue growth 3Y-10.62%
Revenue growth 5Y-2.14%
Sales Q2Q%-30.72%

3.2 Future

  • Based on estimates for the next years, F03 will show a small growth in Earnings Per Share. The EPS will grow by 7.10% on average per year.
  • The Revenue is expected to grow by 3.94% on average over the next years.
EPS Next Y-1.1%
EPS Next 2Y3.17%
EPS Next 3Y5.48%
EPS Next 5Y7.1%
Revenue Next Year4.41%
Revenue Next 2Y4.21%
Revenue Next 3Y4.23%
Revenue Next 5Y3.94%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better 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 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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3

4. F03.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 18.48, which indicates a rather expensive current valuation of F03.
  • 71.96% of the companies in the same industry are more expensive than F03, based on the Price/Earnings ratio.
  • F03 is valuated rather cheaply when we compare the Price/Earnings ratio to 25.70, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 18.67, the valuation of F03 can be described as rather expensive.
  • F03's Price/Forward Earnings ratio is in line with the industry average.
  • F03 is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.84, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 18.48
Fwd PE 18.67
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

  • 63.55% of the companies in the same industry are cheaper than F03, based on the Enterprise Value to EBITDA ratio.
  • F03's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 17.49
EV/EBITDA 15.59
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 an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.17%
EPS Next 3Y5.48%

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2

5. F03.DE Dividend Analysis

5.1 Amount

  • F03 has a yearly dividend return of 0.44%, which is pretty low.
  • Compared to an average industry Dividend Yield of 1.46, F03 is paying slightly less dividend.
  • With a Dividend Yield of 0.44, F03 pays less dividend than the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 0.44%

5.2 History

  • The dividend of F03 decreases each year by -10.29%.
Dividend Growth(5Y)-10.29%
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 2026 0.05 0.1 0.15 0.2 0.25

5.3 Sustainability

  • F03 pays out 15.92% of its income as dividend. This is a sustainable payout ratio.
DP15.92%
EPS Next 2Y3.17%
EPS Next 3Y5.48%
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 2025 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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F03.DE Fundamentals: All Metrics, Ratios and Statistics

FORTIVE CORP

FRA:F03 (3/10/2026, 7:00:00 PM)

48.42

+0.26 (+0.54%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)02-04
Earnings (Next)04-29
Inst Owners109.52%
Inst Owner ChangeN/A
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap14.91B
Revenue(TTM)5.14B
Net Income(TTM)579.20M
Analysts65
Price Target49.33 (1.88%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.44%
Yearly Dividend0.25
Dividend Growth(5Y)-10.29%
DP15.92%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.16%
Min EPS beat(2)6.47%
Max EPS beat(2)17.85%
EPS beat(4)2
Avg EPS beat(4)5.03%
Min EPS beat(4)-3.21%
Max EPS beat(4)17.85%
EPS beat(8)6
Avg EPS beat(8)3.83%
EPS beat(12)9
Avg EPS beat(12)3.26%
EPS beat(16)13
Avg EPS beat(16)3.4%
Revenue beat(2)2
Avg Revenue beat(2)1.28%
Min Revenue beat(2)0.89%
Max Revenue beat(2)1.68%
Revenue beat(4)2
Avg Revenue beat(4)-0.08%
Min Revenue beat(4)-2.24%
Max Revenue beat(4)1.68%
Revenue beat(8)2
Avg Revenue beat(8)-0.86%
Revenue beat(12)5
Avg Revenue beat(12)-0.6%
Revenue beat(16)8
Avg Revenue beat(16)-0.12%
PT rev (1m)0%
PT rev (3m)N/A
EPS NQ rev (1m)1.2%
EPS NQ rev (3m)2.55%
EPS NY rev (1m)3.68%
EPS NY rev (3m)3.52%
Revenue NQ rev (1m)0.19%
Revenue NQ rev (3m)1.85%
Revenue NY rev (1m)1.33%
Revenue NY rev (3m)1.44%
Valuation
Industry RankSector Rank
PE 18.48
Fwd PE 18.67
P/S 3.33
P/FCF 17.49
P/OCF 15.79
P/B 2.65
P/tB N/A
EV/EBITDA 15.59
EPS(TTM)2.62
EY5.41%
EPS(NY)2.59
Fwd EY5.36%
FCF(TTM)2.77
FCFY5.72%
OCF(TTM)3.07
OCFY6.33%
SpS14.56
BVpS18.27
TBVpS-8.59
PEG (NY)N/A
PEG (5Y)N/A
Graham Number32.81
Profitability
Industry RankSector Rank
ROA 4.93%
ROE 8.98%
ROCE 8.86%
ROIC 6.24%
ROICexc 6.49%
ROICexgc N/A
OM 16.35%
PM (TTM) 11.26%
GM 60.96%
FCFM 19.02%
ROA(3y)4.98%
ROA(5y)4.64%
ROE(3y)8.51%
ROE(5y)7.87%
ROIC(3y)4.67%
ROIC(5y)4.79%
ROICexc(3y)5.06%
ROICexc(5y)5.15%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)6.63%
ROCE(5y)6.81%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-0.71%
ROICexc growth 5Y7.73%
OM growth 3Y0.12%
OM growth 5Y7.54%
PM growth 3Y2.42%
PM growth 5Y-16.01%
GM growth 3Y3.23%
GM growth 5Y2.44%
F-Score7
Asset Turnover0.44
Health
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 3.28
Debt/EBITDA 1.8
Cap/Depr 24.02%
Cap/Sales 2.04%
Interest Coverage 250
Cash Conversion 84.72%
Profit Quality 168.87%
Current Ratio 0.71
Quick Ratio 0.58
Altman-Z 3.2
F-Score7
WACC9.03%
ROIC/WACC0.69
Cap/Depr(3y)23.25%
Cap/Depr(5y)20.59%
Cap/Sales(3y)2.42%
Cap/Sales(5y)1.97%
Profit Quality(3y)160.54%
Profit Quality(5y)160.05%
High Growth Momentum
Growth
EPS 1Y (TTM)-22.82%
EPS 3Y-1.5%
EPS 5Y-0.33%
EPS Q2Q%-23.08%
EPS Next Y-1.1%
EPS Next 2Y3.17%
EPS Next 3Y5.48%
EPS Next 5Y7.1%
Revenue 1Y (TTM)-17.48%
Revenue growth 3Y-10.62%
Revenue growth 5Y-2.14%
Sales Q2Q%-30.72%
Revenue Next Year4.41%
Revenue Next 2Y4.21%
Revenue Next 3Y4.23%
Revenue Next 5Y3.94%
EBIT growth 1Y-28.53%
EBIT growth 3Y-10.52%
EBIT growth 5Y5.24%
EBIT Next Year35.93%
EBIT Next 3Y14.84%
EBIT Next 5Y11.06%
FCF growth 1Y-30.45%
FCF growth 3Y-6.78%
FCF growth 5Y-6.39%
OCF growth 1Y-29.05%
OCF growth 3Y-5.98%
OCF growth 5Y-5.49%

FORTIVE CORP / F03.DE Fundamental Analysis FAQ

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

ChartMill assigns a fundamental rating of 5 / 10 to F03.DE.


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

ChartMill assigns a valuation rating of 3 / 10 to FORTIVE CORP (F03.DE). This can be considered as Overvalued.


What is the profitability of F03 stock?

FORTIVE CORP (F03.DE) has a profitability rating of 8 / 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 18.48 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 -1.1% in the next year.