Fortive
Market Cap
US$23.6b
Last Updated
2021/06/23 00:10 UTC
Data Sources
Company Financials +
Executive Summary
Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with excellent balance sheet.
Similar Companies
Share Price & News
How has Fortive's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FTV is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: FTV's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-2.7%
FTV
-2.2%
US Machinery
-0.1%
US Market
1 Year Return
1.9%
FTV
51.1%
US Machinery
39.0%
US Market
Return vs Industry: FTV underperformed the US Machinery industry which returned 50.8% over the past year.
Return vs Market: FTV underperformed the US Market which returned 39% over the past year.
Shareholder returns
| FTV | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.7% | -2.2% | -0.1% |
| 30 Day | -2.8% | -3.9% | 2.6% |
| 90 Day | 0.5% | 0.5% | 8.0% |
| 1 Year | 22.4%1.9% | 54.4%51.1% | 41.2%39.0% |
| 3 Year | 12.0%-7.5% | 65.1%55.3% | 62.4%52.3% |
| 5 Year | n/a | 159.1%133.2% | 132.3%106.2% |
Long-Term Price Volatility Vs. Market
How volatile is Fortive's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Fortive (NYSE:FTV) Has A Rock Solid Balance Sheet3 weeks ago | Simply Wall St
Is Fortive Corporation (NYSE:FTV) Potentially Undervalued?Valuation
Is Fortive undervalued compared to its fair value and its price relative to the market?
34.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FTV ($69.52) is trading below our estimate of fair value ($105.99)
Significantly Below Fair Value: FTV is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FTV is good value based on its PE Ratio (16.3x) compared to the US Machinery industry average (33.6x).
PE vs Market: FTV is good value based on its PE Ratio (16.3x) compared to the US market (19.2x).
Price to Earnings Growth Ratio
PEG Ratio: FTV is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: FTV is good value based on its PB Ratio (2.6x) compared to the US Machinery industry average (3x).
Future Growth
How is Fortive forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
8.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FTV's forecast earnings growth (8% per year) is above the savings rate (2%).
Earnings vs Market: FTV's earnings (8% per year) are forecast to grow slower than the US market (15.7% per year).
High Growth Earnings: FTV's earnings are forecast to grow, but not significantly.
Revenue vs Market: FTV's revenue (7.8% per year) is forecast to grow slower than the US market (9.4% per year).
High Growth Revenue: FTV's revenue (7.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FTV's Return on Equity is forecast to be low in 3 years time (10.5%).
Past Performance
How has Fortive performed over the past 5 years?
-7.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FTV has a large one-off gain of $1.0B impacting its April 2 2021 financial results.
Growing Profit Margin: FTV's current net profit margins (30.1%) are higher than last year (2.1%).
Past Earnings Growth Analysis
Earnings Trend: FTV's earnings have declined by 7.6% per year over the past 5 years.
Accelerating Growth: FTV's earnings growth over the past year (1556.6%) exceeds its 5-year average (-7.6% per year).
Earnings vs Industry: FTV earnings growth over the past year (1556.6%) exceeded the Machinery industry -6.4%.
Return on Equity
High ROE: FTV's Return on Equity (16.7%) is considered low.
Financial Health
How is Fortive's financial position?
Financial Position Analysis
Short Term Liabilities: FTV's short term assets ($2.8B) exceed its short term liabilities ($2.5B).
Long Term Liabilities: FTV's short term assets ($2.8B) exceed its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: FTV's debt to equity ratio (28.5%) is considered satisfactory.
Reducing Debt: FTV's debt to equity ratio has increased from 1.4% to 28.5% over the past 5 years.
Debt Coverage: FTV's debt is well covered by operating cash flow (54.2%).
Interest Coverage: FTV's interest payments on its debt are well covered by EBIT (5x coverage).
Balance Sheet
Dividend
What is Fortive current dividend yield, its reliability and sustainability?
0.40%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FTV's dividend (0.4%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: FTV's dividend (0.4%) is low compared to the top 25% of dividend payers in the US market (3.44%).
Stability and Growth of Payments
Stable Dividend: FTV is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: FTV is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: FTV is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FTV's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.9yrs
Average management tenure
CEO
Jim Lico (54 yo)
4.92yrs
Tenure
US$13,624,063
Compensation
Mr. James A. Lico, also known as Jim, has been Chief Executive Officer of Fortive Corporation since July 2016 and served as its President since July 2016. Mr. Lico served as Executive Vice President of Dan...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD13.62M) is about average for companies of similar size in the US market ($USD11.28M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: FTV's management team is considered experienced (4.9 years average tenure).
Board Members
Experienced Board: FTV's board of directors are considered experienced (3.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FTV insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Fortive Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Fortive Corporation
- Ticker: FTV
- Exchange: NYSE
- Founded: 2015
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$23.558b
- Shares outstanding: 338.53m
- Website: https://www.fortive.com
Number of Employees
Location
- Fortive Corporation
- 6920 Seaway Boulevard
- Everett
- Washington
- 98203
- United States
Listings
Biography
Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Intelligent Operating Solutions segment offers connect...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/06/23 00:10 |
| End of Day Share Price | 2021/06/22 00:00 |
| Earnings | 2021/04/02 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.