Fortive
Market Cap
US$24.2b
Last Updated
2019/10/23 00:40 UTC
Data Sources
Company Financials +
Executive Summary
Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide.
Snowflake
Fundamentals
Mediocre balance sheet with moderate growth potential.
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
Market Performance
7 Day Return
4.2%
FTV
3.3%
US Machinery
0.07%
US Market
1 Year Return
-2.5%
FTV
15.1%
US Machinery
8.9%
US Market
Return vs Industry: FTV underperformed the US Machinery industry which returned 15.1% over the past year.
Return vs Market: FTV underperformed the US Market which returned 8.9% over the past year.
Shareholder returns
| FTV | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.2% | 3.3% | 0.07% |
| 30 Day | 6.3% | 3.5% | -0.3% |
| 90 Day | -11.7% | -0.5% | -1.6% |
| 1 Year | -2.1%-2.5% | 17.5%15.1% | 11.3%8.9% |
| 3 Year | 53.1%51.3% | 55.1%45.1% | 46.3%36.8% |
| 5 Year | n/a | 56.6%37.5% | 62.1%44.3% |
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
2 days ago | Simply Wall St
Calculating The Fair Value Of Fortive Corporation (NYSE:FTV)2 weeks ago | Simply Wall St
Is Fortive Corporation (NYSE:FTV) Investing Your Capital Efficiently?4 weeks ago | Simply Wall St
What Fortive Corporation's (NYSE:FTV) ROE Can Tell UsValuation
Is Fortive undervalued compared to its fair value and its price relative to the market?
9.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FTV ($72.26) is trading below our estimate of fair value ($80.14)
Significantly Below Fair Value: FTV is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FTV is poor value based on its PE Ratio (33.8x) compared to the Machinery industry average (20.6x).
PE vs Market: FTV is poor value based on its PE Ratio (33.8x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: FTV is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: FTV is overvalued based on its PB Ratio (3.5x) compared to the US Machinery industry average (2.3x).
Next Steps
Future Growth
How is Fortive forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
20.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FTV's forecast earnings growth (20.4% per year) is above the savings rate (2.7%).
Earnings vs Market: FTV's earnings (20.4% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FTV's revenue (6.2% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: FTV's revenue (6.2% 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 (15.6%).
Next Steps
Past Performance
How has Fortive performed over the past 5 years?
-0.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: FTV's earnings have declined by -0.8% per year over the past 5 years.
Accelerating Growth: FTV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FTV had negative earnings growth (-20.3%) over the past year, making it difficult to compare to the Machinery industry average (16.7%).
Return on Equity
High ROE: FTV's Return on Equity (11.3%) is considered low.
Return on Assets
ROA vs Industry: FTV's Return on Assets is below or equal to the Machinery industry average last year.
Return on Capital Employed
ROCE Improving: FTV's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Fortive's financial position?
Financial Position Analysis
Short Term Liabilities: FTV's short term assets ($3.4B) exceeds its short term liabilities ($2.8B)
Long Term Liabilities: FTV's short term assets (3.4B) do not cover its long term liabilities (6.7B)
Debt to Equity History and Analysis
Debt Level: FTV's debt to equity ratio (88.2%) is considered high
Reducing Debt: Insufficient data to determine if FTV's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FTV's debt is well covered by operating cash flow (20.1%).
Interest Coverage: FTV's interest payments on its debt are well covered by EBIT (9x coverage).
Balance Sheet
Inventory Level: FTV has a low level of unsold assets or inventory.
Debt Coverage by Assets: FTV's debt is not covered by short term assets (assets are 0.6x debt).
Next Steps
Dividend
What is Fortive's current dividend yield, its reliability and sustainability?
0.39%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: FTV's dividend (0.39%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: FTV's dividend (0.39%) is low compared to the top 25% of dividend payers in the US market (3.68%).
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
What is the CEO of Fortive's salary, the management and board of directors tenure and is there insider trading?
3.3yrs
Average management tenure
CEO
Jim Lico (53yo)
3.3yrs
Tenure
US$13,720,993
Compensation
Mr. James A. Lico, also known as Jim, has been Chief Executive Officer and President of Fortive Corporation since July 2016. Mr. Lico served as Executive Vice President of Danaher Corp. from September 26, ...
CEO Compensation Analysis
Compensation vs. Market: Jim's total compensation ($USD13.72M) is about average for companies of similar size in the US market ($USD11.18M).
Compensation vs Earnings: Jim's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Management Age and Tenure
3.3yrs
Average Tenure
51yo
Average Age
Experienced Management: FTV's management team is considered experienced (3.3 years average tenure).
Board Age and Tenure
3.3yrs
Average Tenure
57.5yo
Average Age
Experienced Board: FTV's board of directors are considered experienced (3.3 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Accounting Officer VP & Chief Accounting Officer |
| Shares | 519 |
| Max Price | US$80.98 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President |
| Shares | 19,358 |
| Max Price | US$81.74 |
| Entity | Individual |
| Role | Chief Accounting Officer VP & Chief Accounting Officer |
| Shares | 650 |
| Max Price | US$80.92 |
| Entity | Individual |
| Role | Chief Accounting Officer VP & Chief Accounting Officer |
| Shares | 600 |
| Max Price | US$85.53 |
| Entity | Individual |
| Role | Head of Corporate Development Vice President of Strategy & Corporate Development |
| Shares | 8,869 |
| Max Price | US$74.70 |
| Entity | Individual |
| Role | Chief Accounting Officer VP & Chief Accounting Officer |
| Shares | 446 |
| Max Price | US$75.41 |
Ownership Breakdown
Management Team
Chuck McLaughlin (58yo)
Senior VP & CFO
- Tenure: 3.3yrs
- Compensation: US$4.36m
Jim Lico (53yo)
President
- Tenure: 3.3yrs
- Compensation: US$13.72m
Barbara Hulit (52yo)
Senior Vice President
- Tenure: 3.3yrs
- Compensation: US$2.81m
Lisa Curran
Vice President of Investor Relations
- Tenure: 3.7yrs
Pete Underwood (49yo)
Senior VP
- Tenure: 3.4yrs
- Compensation: US$2.77m
Martin Gafinowitz (60yo)
Senior Vice President
- Tenure: 3.3yrs
- Compensation: US$2.95m
Jon Schwarz (47yo)
Vice President of Strategy & Corporate Development
- Tenure: 3.3yrs
Wes Pringle (51yo)
Senior Vice President
- Tenure: 3.3yrs
- Compensation: US$2.80m
Emily Weaver (47yo)
VP & Chief Accounting Officer
- Tenure: 3.3yrs
Stacey Walker (48yo)
Senior Vice President of Human Resources
- Tenure: 3.3yrs
Board Members
Kate Mitchell (60yo)
Director
- Tenure: 3.3yrs
- Compensation: US$343.87k
Alan Spoon (68yo)
Chairman of the Board
- Tenure: 3.8yrs
- Compensation: US$492.66k
Steven Rales (68yo)
Director
- Tenure: 3.3yrs
- Compensation: US$319.84k
Mitchell Rales (62yo)
Director
- Tenure: 3.3yrs
- Compensation: US$319.84k
Jeannine Sargent (55yo)
Director
- Tenure: 0.7yrs
Jim Lico (53yo)
President
- Tenure: 3.3yrs
- Compensation: US$13.72m
Israel Ruiz (47yo)
Director
- Tenure: 3.3yrs
- Compensation: US$333.32k
Feroz Dewan (43yo)
Director
- Tenure: 3.3yrs
- Compensation: US$314.26k
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$24.246b
- Shares outstanding: 335.53m
- Website: https://www.fortive.com
Number of Employees
Location
- Fortive Corporation
- 6920 Seaway Boulevard
- Everett
- Washington
- 98203
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FTV | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jul 2016 |
| F03 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 2016 |
| FTV * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jul 2016 |
| 0IRE | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jul 2016 |
| FTV.PRA | NYSE (New York Stock Exchange) | 5% PFD CNV SER A | US | USD | Jun 2018 |
Biography
Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Professional Instrumentation segment provides test too ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 00:40 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/28 |
| Annual Earnings | 2018/12/31 |
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.