Fortive Corporation

DB:F03 Stock Report

Market Cap: €26.1b

Fortive Valuation

Is F03 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of F03 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: F03 (€73.12) is trading below our estimate of fair value (€95.86)

Significantly Below Fair Value: F03 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for F03?

Key metric: As F03 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for F03. This is calculated by dividing F03's market cap by their current earnings.
What is F03's PE Ratio?
PE Ratio30.6x
EarningsUS$889.30m
Market CapUS$27.21b

Price to Earnings Ratio vs Peers

How does F03's PE Ratio compare to its peers?

The above table shows the PE ratio for F03 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.8x
RAA RATIONAL
43.3x6.9%€10.2b
G1A GEA Group
19.1x8.3%€7.8b
GIL DMG MORI
22.2xn/a€3.6b
KRN Krones
14.7x16.2%€3.7b
F03 Fortive
30.6x14.0%€27.2b

Price-To-Earnings vs Peers: F03 is expensive based on its Price-To-Earnings Ratio (30.6x) compared to the peer average (24.8x).

Price to Earnings Ratio vs Industry

How does F03's PE Ratio compare vs other companies in the DE Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
F03 30.6xIndustry Avg. 14.7xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: F03 is expensive based on its Price-To-Earnings Ratio (30.6x) compared to the German Machinery industry average (14.7x).

Price to Earnings Ratio vs Fair Ratio

What is F03's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

F03 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.6x
Fair PE Ratio21.3x

Price-To-Earnings vs Fair Ratio: F03 is expensive based on its Price-To-Earnings Ratio (30.6x) compared to the estimated Fair Price-To-Earnings Ratio (21.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst F03 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€73.12
€83.71
+14.5%
9.3%€107.49€73.24n/a18
Nov ’25€65.42
€81.25
+24.2%
9.6%€105.73€70.79n/a18
Oct ’25€70.48
€78.72
+11.7%
9.7%€102.89€67.10n/a18
Sep ’25€66.28
€78.83
+18.9%
10.2%€105.49€68.21n/a18
Aug ’25€66.34
€79.78
+20.3%
10.0%€105.92€69.08n/a18
Jul ’25€68.68
€82.62
+20.3%
7.9%€91.36€69.92n/a18
Jun ’25€67.40
€82.62
+22.6%
7.9%€91.36€69.92n/a18
May ’25€71.08
€82.81
+16.5%
7.7%€91.66€70.15n/a19
Apr ’25€79.08
€81.17
+2.6%
7.3%€91.41€69.25n/a20
Mar ’25€79.22
€80.75
+1.9%
7.0%€91.51€70.04n/a19
Feb ’25€69.78
€78.28
+12.2%
7.9%€90.16€66.24n/a19
Jan ’25€66.64
€73.06
+9.6%
8.1%€81.99€60.13n/a19
Dec ’24€61.74
€72.65
+17.7%
9.1%€82.51€60.51n/a19
Nov ’24€60.90
€75.50
+24.0%
9.3%€85.18€62.46€65.4218
Oct ’24€69.78
€76.65
+9.8%
6.9%€84.69€64.44€70.4818
Sep ’24€72.16
€76.65
+6.2%
6.9%€84.69€64.44€66.2818
Aug ’24€69.24
€74.47
+7.6%
7.6%€81.85€63.66€66.3417
Jul ’24€67.36
€71.34
+5.9%
9.3%€85.15€58.95€68.6817
Jun ’24€59.22
€71.34
+20.5%
9.3%€85.15€58.95€67.4017
May ’24€57.60
€69.67
+21.0%
9.1%€82.95€57.42€71.0816
Apr ’24€61.83
€70.70
+14.3%
8.8%€84.81€58.08€79.0816
Mar ’24€62.47
€69.39
+11.1%
9.6%€84.30€57.73€79.2217
Feb ’24n/a
€68.66
0%
9.6%€83.75€57.35€69.7817
Jan ’24€60.08
€70.58
+17.5%
9.6%€82.59€56.96€66.6418
Dec ’23€65.00
€70.32
+8.2%
9.4%€82.65€57.00€61.7418
Nov ’23n/a
€74.23
0%
9.3%€87.31€60.22€60.9019

Analyst Forecast: Target price is less than 20% higher than the current share price.

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