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Fortive Corp FTV

Morningstar Rating
$71.64 −5.04 (6.57%)
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Company Report

Fortive Business System Continues to Drive Operating Margin Expansion

Fortive, spun off from Danaher in 2016, has followed in its former parent’s footsteps and adopted the philosophy underpinning the proven Danaher Business System, which has its roots in the Toyota Production System. The Fortive Business System essentially involves acquiring moatworthy companies, expanding operating margins through Lean manufacturing principles, and redeploying cash flows into further mergers and acquisitions.

Price vs Fair Value

FTV is trading at a 526% premium.
Price
$76.68
Fair Value
$33.00
Uncertainty
Medium
1-Star Price
$217.40
5-Star Price
$24.20
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Management has an impressive record of capital allocation and improving operating margins of acquired companies.

Bears

Given its M&A-heavy strategy, Fortive faces acquisition risk, including the possibility of overpaying and challenges integrating acquired companies.

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News

Trading Information

Previous Close Price
$76.68
Day Range
$67.9373.54
52-Week Range
$63.2688.08
Bid/Ask
$71.62 / $71.74
Market Cap
$25.22 Bil
Volume/Avg
2.1 Mil / 1.7 Mil

Key Statistics

Price/Earnings (Normalized)
21.85
Price/Sales
4.45
Dividend Yield (Trailing)
0.40%
Dividend Yield (Forward)
0.42%
Total Yield
1.42%

Company Profile

Fortive is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $6.1 billion in revenue in 2023.
Sector
Technology
Industry
Scientific & Technical Instruments
Stock Style Box
Mid Core
Total Number of Employees
18,000

Competitors

Valuation

Metric
FTV
MMM
ITW
Price/Earnings (Normalized)
21.8510.8424.75
Price/Book Value
2.5811.9124.02
Price/Sales
4.451.784.57
Price/Cash Flow
19.029.8621.86
Price/Earnings
FTV
MMM
ITW

Financial Strength

Metric
FTV
MMM
ITW
Quick Ratio
0.771.190.87
Current Ratio
1.231.641.32
Interest Coverage
8.07−7.2715.16
Quick Ratio
FTV
MMM
ITW

Profitability

Metric
FTV
MMM
ITW
Return on Assets (Normalized)
5.72%10.67%19.93%
Return on Equity (Normalized)
9.26%71.61%102.28%
Return on Invested Capital (Normalized)
7.84%23.61%29.06%
Return on Assets
FTV
MMM
ITW
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