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Fortive Corp

Technology US FTV

76.34USD
0.59(0.78%)

Last update at 2024-11-21T16:59:00Z

Day Range

75.5676.40
LowHigh

52 Week Range

62.4679.73
LowHigh

Fundamentals

  • Previous Close 75.75
  • Market Cap25493.02M
  • Volume1146423
  • P/E Ratio31.13
  • Dividend Yield0.44%
  • EBITDA1593.20M
  • Revenue TTM6011.50M
  • Revenue Per Share TTM17.02
  • Gross Profit TTM 3363.40M
  • Diluted EPS TTM2.33

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 873.50M 677.50M 1507.70M 874.50M 1078.40M
Minority interest - - 8.50M 13.20M 17.40M
Net income 755.20M 608.40M 1613.30M 738.90M 2913.80M
Selling general administrative 1956.60M 1839.50M 1748.00M 2219.50M 1728.60M
Selling and marketing expenses - - - - -
Gross profit 3363.40M 3007.10M 2608.50M 3680.30M 3321.30M
Reconciled depreciation 465.60M 395.50M 384.00M 426.20M 260.80M
Ebit 987.40M 812.80M 539.40M 1004.10M 1175.40M
Ebitda 1455.30M 1226.30M 921.00M 1389.50M 1436.20M
Depreciation and amortization 467.90M 413.50M 381.60M 385.40M 260.80M
Non operating income net other - -119.00000M -2.40000M -6.20000M -3.00000M
Operating income 987.40M 812.80M 539.40M 1004.10M 1178.40M
Other operating expenses 4820.40M 4441.90M 4095.00M 6315.90M 5274.30M
Interest expense 98.30M 103.20M 148.50M -164.20000M 97.00M
Tax provision 118.30M 63.30M 55.50M 149.10M 173.10M
Interest income 98.30M 103.20M 970.70M 164.20M 97.00M
Net interest income -98.30000M -103.20000M -148.50000M -164.20000M -97.00000M
Extraordinary items 0.00000M -5.80000M 161.10M 13.50M 2008.50M
Non recurring - -29.90000M - - -
Other items - - - - -
Income tax expense 118.30M 63.30M 55.50M 149.10M 160.10M
Total revenue 5825.70M 5254.70M 4634.40M 7320.00M 6452.70M
Total operating expenses 2358.10M 2194.30M 2069.10M 2676.20M 2142.90M
Cost of revenue 2462.30M 2247.60M 2025.90M 3639.70M 3131.40M
Total other income expense net -113.90000M -135.30000M 968.30M -129.60000M -3.00000M
Discontinued operations - -5.80000M 161.10M 470.80M 2423.60M
Net income from continuing ops 755.20M 614.20M 1452.20M 725.40M 918.30M
Net income applicable to common shares 755.20M 573.90M 1544.30M 669.90M 2878.90M
Preferred stock and other adjustments - 34.50M 69.00M 69.00M 34.90M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 15890.60M 16465.50M 16051.50M 17439.00M 12905.60M
Intangible assets 3487.40M 3890.20M 3290.60M 3845.00M 2476.30M
Earning assets - - - - -
Other current assets 272.60M 252.70M 237.10M 458.80M 193.20M
Total liab 6202.00M 6948.50M 7078.80M 10038.80M 6292.70M
Total stockholder equity 9683.40M 9512.20M 8964.20M 7387.00M 6595.50M
Deferred long term liab - - - - -
Other current liab 594.80M 503.10M 556.80M 736.70M 741.90M
Common stock 3.60M 3.60M 3.40M 3.40M 3.40M
Capital stock 3.60M 3.60M 3.40M 3.40M 3.40M
Retained earnings 6742.10M 6023.60M 5547.40M 4128.80M 3552.70M
Other liab 1092.30M 1286.40M 1233.40M 1611.60M 1125.90M
Good will 9048.50M 9152.00M 7359.20M 8399.30M 6133.10M
Other assets 455.80M 337.30M 344.10M 2271.00M 548.90M
Cash 709.20M 819.30M 1824.80M 1205.20M 1178.40M
Cash and equivalents 709.20M 819.30M 1824.80M 1205.20M 1178.40M
Total current liabilities 2727.10M 3714.90M 2860.80M 3467.20M 2192.10M
Current deferred revenue 509.60M 457.60M 376.40M 410.10M 288.10M
Net debt 2542.10M 3324.20M 2606.60M 5337.10M 2251.90M
Short term debt 999.70M 2196.30M 1446.80M 1554.90M 455.60M
Short long term debt 999.70M 2151.70M 1399.80M 1500.00M 455.60M
Short long term debt total 3251.30M 4143.50M 4431.40M 6542.30M 3430.30M
Other stockholder equity 3263.40M 3670.00M 3554.50M 3311.10M 3126.00M
Property plant equipment 421.90M 571.10M 422.00M 585.00M 576.10M
Total current assets 2477.00M 2514.90M 4446.90M 3688.80M 3171.20M
Long term investments - - - 82.00M -
Net tangible assets -2852.50000M -3530.00000M -1531.30000M -3425.20000M -2013.90000M
Short term investments - 0.00000M 1119.20M - -
Net receivables 958.50M 930.20M 810.30M 1384.50M 1195.10M
Long term debt 2251.60M 1807.30M 2830.30M 4828.40M 2974.70M
Inventory 536.70M 512.70M 455.50M 640.30M 574.50M
Accounts payable 623.00M 557.90M 480.80M 765.50M 706.50M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - 4.80M 8.50M 13.20M 17.40M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -325.70000M -185.00000M -141.10000M -56.30000M -86.60000M
Additional paid in capital - - - - -
Common stock total equity - 3.60M 3.40M 3.40M 3.40M
Preferred stock total equity - - - - -
Retained earnings total equity - 6023.60M 5547.40M 4128.80M 3552.70M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 455.80M 337.30M 344.10M 779.60M 548.90M
Deferred long term asset charges - - - - -
Non current assets total 13413.60M 13950.60M 11604.60M 13750.20M 9734.40M
Capital lease obligations 169.40M 184.50M 201.30M 213.90M -
Long term debt total 2251.60M 1807.30M 2830.30M 4828.40M 2974.70M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -102.50000M -2615.60000M -148.40000M -4054.60000M -1966.60000M
Change to liabilities 19.20M 32.40M 78.00M 310.60M 78.60M
Total cashflows from investing activities -102.50000M -2615.60000M -148.40000M -4054.60000M -1966.60000M
Net borrowings -723.90000M 753.60M -2131.00000M 2952.70M -366.10000M
Total cash from financing activities -1273.00000M 652.00M -696.10000M 2802.90M 879.10M
Change to operating activities 52.60M -6.20000M 195.30M 93.20M 65.70M
Net income 755.20M 614.20M 1452.20M 725.40M 918.30M
Change in cash -110.10000M -1005.50000M 619.60M 26.80M 216.30M
Begin period cash flow 819.30M 1824.80M 1205.20M 1178.40M 962.10M
End period cash flow 709.20M 819.30M 1824.80M 1205.20M 1178.40M
Total cash from operating activities 1303.20M 961.10M 1436.70M 1271.40M 1344.40M
Issuance of capital stock - - 0.00000M 0.00000M 1337.40M
Depreciation 465.60M 395.50M 384.00M 426.20M 260.80M
Other cashflows from investing activities -6.70000M -2565.60000M -72.70000M -3942.10000M -1854.30000M
Dividends paid -99.50000M -132.20000M -163.40000M -162.80000M 131.50M
Change to inventory -40.30000M -53.60000M -7.30000M 118.80M -73.40000M
Change to account receivables -52.10000M -84.10000M 82.40M -166.90000M -105.90000M
Sale purchase of stock -442.90000M - 0.00000M 0.00000M 1483.90M
Other cashflows from financing activities 1425.90M 1395.30M 1198.10M 3421.00M 39.30M
Change to netincome 103.00M 68.70M 418.70M 21.00M 202.70M
Capital expenditures 95.80M 50.00M 75.70M 112.50M 112.30M
Change receivables - -84.10000M 82.40M -166.90000M -105.90000M
Cash flows other operating - 626.90M 480.90M 561.70M 981.60M
Exchange rate changes - - - - -40.60000M
Cash and cash equivalents changes - -1002.50000M 592.20M 19.70M 216.30M
Change in working capital -20.60000M -111.50000M 203.40M 112.70M -29.70000M
Stock based compensation 93.80M 77.40M 62.60M 61.40M 50.80M
Other non cash items 71.30M -29.90000M -567.90000M -40.80000M 136.50M
Free cash flow 1207.40M 911.10M 1361.00M 1158.90M 1232.10M

Peer Comparison

Sector: Technology Industry: Scientific & Technical Instruments

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
FTV
Fortive Corp
0.59 0.78% 76.34 31.13 19.61 4.24 2.52 4.56 17.61
KYCCF
Keyence
10.00 2.39% 428.00 41.66 38.76 0.11 5.69 0.10 0.19
HXGBY
Hexagon AB ADR
-0.17 2.03% 8.20 33.46 33.33 6.00 2.83 6.50 29.28
HXGBF
Hexagon AB (publ)
- -% 8.41 33.03 32.15 5.73 2.79 6.64 29.93
KEYS
Keysight Technologies Inc
3.18 1.92% 168.66 26.94 21.64 5.05 5.89 4.94 16.38

Reports Covered

Stock Research & News

Profile

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Intelligent Operating Solutions segment provides advanced instrumentation, software and services, which includes electrical test and measurement, facility and asset lifecycle software applications, and worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries. Additionally, it markets its products and services under the ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, PRUFTECHNIK, and SERVICECHANNEL brands. Its Precision Technologies segment provides electrical test & measurement, sensing and material technologies under the ANDERSON-NEGELE, GEMS, SETRA, HENGSTLER-DYNAPAR, QUALITROL, PACIFIC SCIENTIFIC, KEITHLEY, and TEKTRONIX brands for industrial, power and energy, automotive, medical equipment, food and beverage, aerospace and defense, semiconductor, and other general industries. Advanced Healthcare Solutions segment offers critical workflow solutions including instrument sterilization, instrument tracking, design and manufacture of cell therapy equipment, biomedical test tools, radiation detection and safety monitoring, and end-to-end clinical productivity software and solutions under the ASP, CENSIS, CENSITRAC, EVOTECH, FLUKE BIOMEDICAL, INVETECH, LANDAUER, PROVATION, RAYSAFE, and STERRAD brands. The company was incorporated in 2015 and is headquartered in Everett, Washington.

Fortive Corp

6920 Seaway Boulevard, Everett, WA, United States, 98203

Key Executives

Name Title Year Born
Mr. James A. Lico Pres, CEO & Director 1966
Mr. Charles E. McLaughlin Sr. VP & CFO 1961
Ms. Barbara B. Hulit Exec. Advisor 1967
Mr. Edward Read Simmons Sr. VP of Strategy 1974
Mr. Olumide Soroye Pres & CEO of Intelligent Operating Solutions Segment 1972
Mr. Christopher M. Mulhall VP & Chief Accounting Officer 1973
Mr. Victor P. Fetter III Chief Information Officer 1969
Griffin Whitney VP of Investor Relations NA
Mr. Peter C. Underwood Sr. VP & Gen. Counsel 1970
Mr. Jonathan L. Schwarz Sr. VP of Corp. Devel. 1972

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