Fortive Corp
General ticker "FTV" information:
- Sector: Industrials
- Industry: Machinery
- Capitalization: $27.1B
Fortive Corp follows the US Stock Market performance with the rate: 21.0%.
Estimated limits based on current volatility of 1.3%: low 73.16$, high 75.04$
Factors to consider:
- Company included in S&P500 list
- Company pays dividends: last record date 2024-11-29, amount 0.08$ (Y0.43%)
- China accounted for 11.5% of revenue in the fiscal year ended 2023-12-31
- US accounted for 54.2% of revenue in the fiscal year ended 2023-12-31
- Price in estimated range
- Earnings for 9 months up through Q3 are close to our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2023-12-31 to 2025-12-30
- 2023-12-31 to 2024-12-30 estimated range: [65.17$, 90.85$]
- 2024-12-30 to 2025-12-30 estimated range: [73.49$, 100.95$]
Financial Metrics affecting the FTV estimates:
- Positive: Non-GAAP EPS, $ of 3.43 > 2.29
- Positive: 9.05 < Operating profit margin, % of 18.69
- Positive: 2.86 < Return on assets ratio (scaled to [-100,100]) of 4.87
- Positive: Inventory ratio change, % of -0.59 <= 0
- Positive: -0.96 < Investing cash flow per share, $ of -0.55
- Negative: Industry operating cash flow per share per price (median), % of 5.53 <= 6.94
- Positive: Industry inventory ratio change (median), % of -0.21 <= 0
- Positive: 6.82 < Industry operating profit margin (median), % of 7.47
Short-term FTV quotes
Long-term FTV plot with estimates
Financial data
| YTD | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating Revenue | $5,254.70MM | $5,825.70MM | $6,065.30MM |
| Operating Expenses | $4,441.90MM | $4,838.30MM | $4,931.60MM |
| Operating Income | $812.80MM | $987.40MM | $1,133.70MM |
| Non-Operating Income | $-135.30MM | $-113.90MM | $-142.90MM |
| Interest Expense | $103.20MM | $98.30MM | $123.50MM |
| R&D Expense | $354.80MM | $401.50MM | $397.80MM |
| Income(Loss) | $677.50MM | $873.50MM | $990.80MM |
| Taxes | $63.30MM | $118.30MM | $125.00MM |
| Other Income(Loss) | $-5.80MM | $0.00MM | $0.00MM |
| Profit(Loss) | $608.40MM | $755.20MM | $865.80MM |
| Stockholders Equity | $9,512.20MM | $9,683.40MM | $10,318.90MM |
| Inventory | $512.70MM | $536.70MM | $536.90MM |
| Assets | $16,465.50MM | $15,890.60MM | $16,911.80MM |
| Operating Cash Flow | $961.10MM | $1,303.20MM | $1,353.60MM |
| Capital expenditure | $50.00MM | $95.80MM | $107.80MM |
| Investing Cash Flow | $-2,615.60MM | $-102.50MM | $-195.40MM |
| Financing Cash Flow | $652.00MM | $-1,273.00MM | $32.30MM |
| Earnings Per Share* | $1.64 | $2.12 | $2.46 |
* EPS are Split Adjusted, recent splits may be reflected with a delay.