Loading...

Fortive

NYSE:FTV
Snowflake Description

Mediocre balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FTV
NYSE
$30B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. The last earnings update was 53 days ago. More info.


Add to Portfolio Compare Print
FTV Share Price and Events
7 Day Returns
0.8%
NYSE:FTV
1.3%
US Machinery
-0.3%
US Market
1 Year Returns
16%
NYSE:FTV
1.6%
US Machinery
7%
US Market
FTV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fortive (FTV) 0.8% 7.6% 23.5% 16% - -
US Machinery 1.3% 6.5% 11.1% 1.6% 51.1% 33.8%
US Market -0.3% 2% 8.5% 7% 37.7% 46.8%
1 Year Return vs Industry and Market
  • FTV outperformed the Machinery industry which returned 1.6% over the past year.
  • FTV outperformed the Market in United States of America which returned 7% over the past year.
Price Volatility
FTV
Industry
5yr Volatility vs Market

FTV Value

 Is Fortive undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Fortive to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Fortive.

NYSE:FTV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:FTV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.068 (1 + (1- 21%) (11.57%))
1.111
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.111 * 5.96%)
9.35%

Discounted Cash Flow Calculation for NYSE:FTV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fortive is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:FTV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.35%)
2019 1,296.46 Analyst x6 1,185.59
2020 1,438.21 Analyst x5 1,202.74
2021 1,704.00 Analyst x3 1,303.15
2022 2,000.00 Analyst x1 1,398.72
2023 2,215.00 Analyst x1 1,416.61
2024 2,391.42 Est @ 7.96% 1,398.64
2025 2,544.34 Est @ 6.39% 1,360.82
2026 2,679.07 Est @ 5.3% 1,310.34
2027 2,800.31 Est @ 4.53% 1,252.51
2028 2,911.95 Est @ 3.99% 1,191.06
Present value of next 10 years cash flows $13,020.18
NYSE:FTV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $2,911.95 × (1 + 2.73%) ÷ (9.35% – 2.73%)
$45,177.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $45,177.44 ÷ (1 + 9.35%)10
$18,478.72
NYSE:FTV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $13,020.18 + $18,478.72
$31,498.90
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $31,498.90 / 335.05
$94.01
NYSE:FTV Discount to Share Price
Calculation Result
Value per share (USD) From above. $94.01
Current discount Discount to share price of $88.50
= -1 x ($88.50 - $94.01) / $94.01
5.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Fortive is available for.
Intrinsic value
6%
Share price is $88.5 vs Future cash flow value of $94.01
Current Discount Checks
For Fortive to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fortive's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Fortive's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Fortive's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fortive's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:FTV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $2.56
NYSE:FTV Share Price ** NYSE (2019-04-18) in USD $88.5
United States of America Machinery Industry PE Ratio Median Figure of 103 Publicly-Listed Machinery Companies 21.67x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Fortive.

NYSE:FTV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:FTV Share Price ÷ EPS (both in USD)

= 88.5 ÷ 2.56

34.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fortive is overvalued based on earnings compared to the US Machinery industry average.
  • Fortive is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Fortive's expected growth come at a high price?
Raw Data
NYSE:FTV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 34.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
12.7%per year
United States of America Machinery Industry PEG Ratio Median Figure of 83 Publicly-Listed Machinery Companies 1.61x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NYSE:FTV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 34.61x ÷ 12.7%

2.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fortive is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Fortive's assets?
Raw Data
NYSE:FTV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $19.72
NYSE:FTV Share Price * NYSE (2019-04-18) in USD $88.5
United States of America Machinery Industry PB Ratio Median Figure of 129 Publicly-Listed Machinery Companies 2.45x
United States of America Market PB Ratio Median Figure of 5,184 Publicly-Listed Companies 1.91x
NYSE:FTV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:FTV Share Price ÷ Book Value per Share (both in USD)

= 88.5 ÷ 19.72

4.49x

* Primary Listing of Fortive.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fortive is overvalued based on assets compared to the US Machinery industry average.
X
Value checks
We assess Fortive's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Fortive has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FTV Future Performance

 How is Fortive expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fortive expected to grow at an attractive rate?
  • Fortive's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Fortive's earnings growth is positive but not above the United States of America market average.
  • Fortive's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:FTV Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:FTV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 12.7%
NYSE:FTV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 8.1%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 11%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:FTV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:FTV Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 10,406 2,392 1,741 1
2022-12-31 9,657 2,164 1,575 1
2021-12-31 8,233 1,771 1,416 5
2020-12-31 7,747 1,560 1,243 14
2019-12-31 7,297 1,381 1,097 15
NYSE:FTV Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 6,453 1,344 883
2018-09-28 7,244 1,363 1,121
2018-06-29 7,089 1,295 1,161
2018-03-30 6,862 1,199 1,106
2017-12-31 5,756 1,176 884
2017-09-29 6,476 1,031 932
2017-06-30 6,359 1,043 891
2017-03-31 6,285 1,108 890
2016-12-31 5,378 1,137 740
2016-09-30 6,173 1,207 884
2016-07-01 6,130 1,112 854
2016-04-01 6,140 1,092 842

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fortive's earnings are expected to grow by 12.7% yearly, however this is not considered high growth (20% yearly).
  • Fortive's revenue is expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:FTV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Fortive Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FTV Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 4.59 4.59 4.59 1.00
2022-12-31 4.19 4.19 4.19 1.00
2021-12-31 3.89 4.54 3.34 3.00
2020-12-31 3.46 4.05 3.22 9.00
2019-12-31 3.04 3.70 2.62 11.00
NYSE:FTV Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 2.56
2018-09-28 3.21
2018-06-29 3.33
2018-03-30 3.18
2017-12-31 2.54
2017-09-29 2.69
2017-06-30 2.57
2017-03-31 2.57
2016-12-31 2.14
2016-09-30 2.56
2016-07-01 2.47
2016-04-01 2.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Fortive is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fortive's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Fortive has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FTV Past Performance

  How has Fortive performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Fortive's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Fortive's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Fortive's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Fortive's 1-year earnings growth is negative, it can't be compared to the US Machinery industry average.
Earnings and Revenue History
Fortive's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Fortive Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FTV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 6,452.70 883.40 1,701.90 414.30
2018-09-28 7,243.50 1,120.80 1,719.50 441.10
2018-06-29 7,088.70 1,160.70 1,680.70 430.60
2018-03-30 6,861.50 1,106.00 1,592.10 418.70
2017-12-31 5,756.10 884.30 1,377.80 369.30
2017-09-29 6,476.40 932.10 1,437.80 396.50
2017-06-30 6,358.50 891.20 1,409.30 389.70
2017-03-31 6,284.80 890.00 1,401.70 387.30
2016-12-31 5,378.20 740.20 1,264.10 351.00
2016-09-30 6,173.00 883.90 1,352.10 376.60
2016-07-01 6,130.20 853.60 1,347.30 377.10
2016-04-01 6,140.00 842.10 1,331.20 376.30
2015-12-31 6,178.80 863.80 1,334.20 377.70
2015-10-02 6,290.40 856.60 1,391.50 383.80
2014-12-31 6,337.20 883.40 1,394.10 387.60
2013-12-31 5,961.90 830.90 1,324.30 378.30
2012-12-31 5,785.30 763.70 1,260.40 352.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Fortive has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fortive used its assets more efficiently than the US Machinery industry average last year based on Return on Assets.
  • Fortive's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fortive's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Fortive has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FTV Health

 How is Fortive's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Fortive's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fortive is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fortive's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Fortive's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Fortive Company Filings, last reported 3 months ago.

NYSE:FTV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6,612.90 3,430.30 1,178.40
2018-09-28 5,849.10 5,002.50 1,145.10
2018-06-29 5,641.90 3,726.70 2,368.20
2018-03-30 4,109.70 3,996.90 1,015.70
2017-12-31 3,808.20 4,056.20 962.10
2017-09-29 3,478.30 3,671.90 910.90
2017-06-30 3,173.00 3,208.10 968.40
2017-03-31 2,891.90 3,262.70 817.60
2016-12-31 2,691.00 3,358.00 803.20
2016-09-30 2,559.60 3,509.10 724.80
2016-07-01 2,372.40 3,374.80 487.20
2016-04-01 5,261.30 0.00
2015-12-31 5,182.50 0.00
2015-10-02 5,255.30 0.00
2014-12-31 5,232.50 0.00
2013-12-31 5,125.10 0.00
2012-12-31
  • Fortive's level of debt (51.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 51.9% today).
  • Debt is well covered by operating cash flow (39.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.4x coverage).
X
Financial health checks
We assess Fortive's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Fortive has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FTV Dividends

 What is Fortive's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.32%
Current annual income from Fortive dividends. Estimated to be 0.34% next year.
If you bought $2,000 of Fortive shares you are expected to receive $6 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Fortive's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
  • Fortive's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
Upcoming dividend payment

Purchase Fortive before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:FTV Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 77 Stocks 1.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:FTV Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.28 1.00
2022-12-31 0.28 1.00
2021-12-31 0.30 4.00
2020-12-31 0.32 9.00
2019-12-31 0.29 8.00
NYSE:FTV Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-11 0.280 0.319
2019-01-29 0.280 0.345
2018-11-08 0.280 0.396
2018-08-02 0.280 0.346
2018-04-12 0.280 0.367
2018-01-23 0.280 0.369
2017-11-02 0.280 0.383
2017-08-03 0.280 0.407
2017-04-13 0.280 0.444
2017-01-24 0.280 0.482
2016-11-03 0.280 0.517
2016-08-04 0.280 0.551

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fortive is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Fortive is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Fortive's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Fortive's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of Fortive's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Fortive's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Fortive afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fortive has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FTV Management

 What is the CEO of Fortive's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jim Lico
COMPENSATION $11,396,099
AGE 52
TENURE AS CEO 2.8 years
CEO Bio

Mr. James A. Lico, also known as Jim, has been Chief Executive Officer and President of Fortive Corporation since July 2016. Mr. Lico served as Executive Vice President of Danaher Corp. from September 26, 2005 to June 1, 2016 and was responsible for its Test & Measurement segment and Gilbarco Veeder-Root business. Mr. Lico served as President of Fluke Electronics Corporation. Mr. Lico was responsible for Fluke and the related Industrial Test & Measurement businesses. He served as President of Fluke Corporation from July 2000 to September 2005. Mr. Lico originally joined Danaher in August 1996 as Vice President of Operations at Veeder-Root before being appointed President of Kistler - Morse in November 1997. He served as Vice President and Group Executive of Danaher Corporation from December 2002 to September 2005 and as Vice President - Danaher Business Systems Office from September 2004 to September 2005. Since January 1999, Mr. Lico served as Vice President of Operations at Fluke. Prior to joining Danaher, Mr. Lico held key operations and materials management positions at AlliedSignal's Automotive Filter & Spark Plug Group. He served as also Manager of Lean Manufacturing at AlliedSignal's Automotive Headquarters. Mr. Lico worked for General Motors in their Powertrain division in progressively responsible positions in manufacturing. He had been a Non-Independent Director of NetScout Systems, Inc. from July 06, 2015 until September 12, 2018. He has been a Director of Fortive Corporation since July 2, 2016. Mr. Lico was awarded his Bachelor of Science degree in Business Administration with a double major in Operations Management and Managerial Economics and Finance from the University of Michigan in 1988 and a Masters in Management from Northwestern's Kellogg School of Management in 1997.

CEO Compensation
  • Jim's compensation has been consistent with company performance over the past year.
  • Jim's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Fortive management team in years:

2.8
Average Tenure
50
Average Age
  • The tenure for the Fortive management team is about average.
Management Team

Jim Lico

TITLE
President
COMPENSATION
$11M
AGE
52
TENURE
2.8 yrs

Chuck McLaughlin

TITLE
Senior VP & CFO
COMPENSATION
$4M
AGE
57
TENURE
2.8 yrs

Martin Gafinowitz

TITLE
Senior Vice President
COMPENSATION
$3M
AGE
59
TENURE
2.8 yrs

Wes Pringle

TITLE
Senior Vice President
COMPENSATION
$2M
AGE
50
TENURE
2.8 yrs

Barbara Hulit

TITLE
Senior Vice President
COMPENSATION
$3M
AGE
51
TENURE
2.8 yrs

Emily Weaver

TITLE
Chief Accounting Officer
AGE
46
TENURE
2.8 yrs

Lisa Curran

TITLE
Vice President of Investor Relations
TENURE
3.2 yrs

Pete Underwood

TITLE
Senior VP
COMPENSATION
$3M
AGE
48
TENURE
2.9 yrs

Jon Schwarz

TITLE
Vice President of Corporate Development
AGE
46
TENURE
2.8 yrs

Stacey Walker

TITLE
Senior Vice President of Human Resources
AGE
47
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the Fortive board of directors in years:

2.8
Average Tenure
56.5
Average Age
  • The average tenure for the Fortive board of directors is less than 3 years, this suggests a new board.
Board of Directors

Alan Spoon

TITLE
Chairman of the Board
COMPENSATION
$443K
AGE
67
TENURE
3.3 yrs

Jim Lico

TITLE
President
COMPENSATION
$11M
AGE
52
TENURE
2.8 yrs

Israel Ruiz

TITLE
Director
COMPENSATION
$302K
AGE
46
TENURE
2.8 yrs

Kate Mitchell

TITLE
Director
COMPENSATION
$282K
AGE
59
TENURE
2.8 yrs

Feroz Dewan

TITLE
Director
COMPENSATION
$264K
AGE
42
TENURE
2.8 yrs

Mitchell Rales

TITLE
Director
COMPENSATION
$277K
AGE
61
TENURE
2.8 yrs

Steven Rales

TITLE
Director
COMPENSATION
$277K
AGE
67
TENURE
2.8 yrs

Jeannine Sargent

TITLE
Director
AGE
54
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. Nov 18 Sell Jonathan Schwarz Individual 14. Nov 18 14. Nov 18 -8,869 $74.70 $-662,550
05. Nov 18 Sell Emily Weaver Individual 02. Nov 18 02. Nov 18 -446 $75.41 $-33,633
03. Aug 18 Sell Charles McLaughlin Individual 02. Aug 18 02. Aug 18 -5,514 $80.89 $-446,027
02. Aug 18 Sell Barbara Hulit Individual 01. Aug 18 01. Aug 18 -15,000 $82.29 $-1,234,350
02. Aug 18 Buy Alan Spoon Individual 02. Aug 18 02. Aug 18 18,000 $80.80 $1,454,400
09. May 18 Sell Emily Weaver Individual 08. May 18 08. May 18 -3,852 $73.80 $-284,278
X
Management checks
We assess Fortive's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Fortive has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FTV News

Simply Wall St News

Who Has Been Selling Fortive Corporation (NYSE:FTV) Shares?

So before you buy or sell Fortive Corporation (NYSE:FTV), you may well want to know whether insiders have been buying or selling. … Fortive Insider Transactions Over The Last Year. … Over the last year we saw more insider selling of Fortive shares, than buying

Simply Wall St -

Are Fortive Corporation's (NYSE:FTV) Interest Costs Too High?

Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Fortive Corporation (NYSE:FTV) a safer option. … the key to extending previous success is in the health of the company’s financials. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself

Simply Wall St -

At US$83.05, Is Fortive Corporation (NYSE:FTV) Worth Looking At Closely?

received a lot of attention from a substantial price increase on the NYSE over the last few months. … As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock … However, could the stock still be trading at a relatively cheap price?

Simply Wall St -

What Fortive Corporation's (NYSE:FTV) ROE Can Tell Us

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every $1 worth of shareholders' equity, it generated $0.14 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Do Fortive Corporation’s (NYSE:FTV) Returns On Capital Employed Make The Cut?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

What Should We Expect From Fortive Corporation's (NYSE:FTV) Earnings In The Years Ahead?

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … The latest earnings update Fortive Corporation (NYSE:FTV) released in December 2018

Simply Wall St -

Should We Worry About Fortive Corporation's (NYSE:FTV) P/E Ratio?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at Fortive Corporation's (NYSE:FTV) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Intrinsic Calculation For Fortive Corporation (NYSE:FTV) Shows Investors Are Overpaying

How far off is Fortive Corporation (NYSE:FTV) from its intrinsic value? … by taking the expected future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Should You Care About Fortive Corporation’s (NYSE:FTV) Cash Levels?

If you are currently a shareholder in Fortive Corporation (NYSE:FTV), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … Fortive generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … There are two methods I will use to evaluate the quality of Fortive’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability

Simply Wall St -

What Investors Should Know About Fortive Corporation's (NYSE:FTV) Financial Strength

One reason being its ‘too big to fail’ aura which gives it the appearance of a strong and stable investment. … Today we will look at Fortive’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis

Simply Wall St -

FTV Company Info

Description

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Professional Instrumentation segment provides test tools, and thermal imaging and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition-based monitoring equipment; portable gas detection equipment, consumables, and software as a service offerings; subscription-based technical, analytical, and compliance services; and software, data analytics, and services for critical infrastructure in utility, industrial, energy, construction, public safety, mining, and healthcare applications. This segment also provides product realization services and products that help developers and engineers across the end-to-end product creation cycle from concepts to finished products; materials components; and devices that sense, monitor, and control operational or manufacturing variables. This segment markets its products and services under the ACCRUENT, FLUKE, FLUKE BIOMEDICAL, FLUKE NETWORKS, GORDIAN, INDUSTRIAL SCIENTIFIC, LANDAUER, QUALITROL, INVETECH, KEITHLEY, PACIFIC SCIENTIFIC, SONIX, and TEKTRONIX brands. Its Industrial Technologies segment offers solutions and services for use in fuel dispensing, remote fuel management, point-of-sale and payment systems, environmental compliance, vehicle tracking, and fleet and traffic management under the ANGI, GASBOY, GILBARCO, GILBARCO AUTOTANK, ORPAK, VEEDER-ROOT, and TELETRAC NAVMAN brands. This segment also offers professional tools, toolboxes, and automotive diagnostic equipment under the MATCO brand; and wheel service equipment under the COATS brand. The company also provides automation and specialty components under the DYNAPAR and HENGSTLER brands. Fortive Corporation was incorporated in 2015 and is headquartered in Everett, Washington.

Details
Name: Fortive Corporation
FTV
Exchange: NYSE
Founded: 2015
$29,651,780,568
335,048,368
Website: http://www.fortive.com
Address: Fortive Corporation
6920 Seaway Boulevard,
Everett,
Washington, 98203,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE FTV Common Stock New York Stock Exchange US USD 05. Jul 2016
DB F03 Common Stock Deutsche Boerse AG DE EUR 05. Jul 2016
LSE 0IRE Common Stock London Stock Exchange GB USD 05. Jul 2016
BMV FTV * Common Stock Bolsa Mexicana de Valores MX MXN 05. Jul 2016
NYSE FTV.PRA 5% PFD CNV SER A New York Stock Exchange US USD 27. Jun 2018
Number of employees
Current staff
Staff numbers
24,000
Fortive employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 00:37
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.