Company Valuation: Fortive Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 27,356 22,732 25,876 26,021 17,535 18,642 - -
Change - -16.9% 13.83% 0.56% -32.61% 6.31% - -
Enterprise Value (EV) 1 30,496 25,274 27,633 28,915 20,366 21,295 20,647 19,673
Change - -17.12% 9.33% 4.64% -29.57% 4.56% -3.04% -4.72%
P/E 46.8x 30.6x 30.3x 31.8x 34.7x 30.8x 27.6x 25.3x
PBR 2.88x 2.34x 2.54x 2.6x 2.68x 2.99x 2.8x 2.59x
PEG - 1.1x 1.9x -11.04x -1.1x 1.2x 2.4x 2.77x
Capitalization / Revenue 5.21x 3.9x 4.27x 4.18x 4.22x 4.3x 4.14x 3.98x
EV / Revenue 5.8x 4.34x 4.56x 4.64x 4.9x 4.91x 4.59x 4.2x
EV / EBITDA 23.7x 16.7x 16.5x 16.4x 16.5x 16.2x 14.9x 13.5x
EV / EBIT 37.5x 25.6x 24.4x 24x 28.3x 24.8x 21.9x 19.1x
EV / FCF 33.5x 20.9x 22.2x 20.6x 20.8x 22.3x 20.5x 18.1x
FCF Yield 2.99% 4.78% 4.51% 4.86% 4.8% 4.49% 4.87% 5.53%
Dividend per Share 2 0.28 0.28 0.29 0.32 0.28 0.3077 0.3268 0.3319
Rate of return 0.37% 0.44% 0.39% 0.43% 0.51% 0.5% 0.53% 0.54%
EPS 2 1.63 2.1 2.43 2.36 1.59 1.984 2.212 2.414
Distribution rate 17.2% 13.3% 11.9% 13.6% 17.6% 15.5% 14.8% 13.8%
Net sales 1 5,255 5,826 6,065 6,232 4,159 4,339 4,502 4,686
EBITDA 1 1,287 1,515 1,671 1,767 1,233 1,318 1,384 1,458
EBIT 1 812.8 987.4 1,134 1,207 720.2 858 942.5 1,031
Net income 1 573.9 755.2 865.8 832.9 532.7 617.2 680.9 744.3
Net Debt 1 3,140 2,542 1,757 2,894 2,830 2,652 2,005 1,031
Reference price 2 76.29 64.25 73.63 75.00 55.21 61.15 61.15 61.15
Nbr of stocks (in thousands) 358,578 353,808 351,434 346,949 317,612 304,861 - -
Announcement Date 2/3/22 A 2/1/23 A 1/31/24 A 2/7/25 A 2/4/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
30.82x4.91x16.16x0.5% 18.64B
34.87x5.99x22.25x0.78% 120B
32.07x5.94x20.45x1.89% 39.38B
32.17x4.13x15.25x0.11% 30.15B
20.82x1.72x12.64x2.34% 29.58B
23.39x3.42x14.76x1.01% 28.49B
25.99x3.13x13.64x1.45% 28.26B
24.87x3.89x13.07x1.47% 27.85B
103.4x7.06x37.16x - 25.3B
26.06x3.36x16.06x1.75% 23.97B
Average 35.45x 4.36x 18.14x 1.25% 37.13B
Weighted average by Cap. 34.83x 4.77x 19.12x 1.16%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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