Fortive Corp
FTV
Market Cap$27.38B
Close$
Earnings Call Q3 2024
October 30, 2024 - AI Summary
**Strong Q3 Performance:** Fortive reported a 14% growth in adjusted EPS and 12% growth in free cash flow, driven by a 3% increase in revenue. Adjusted gross and operating margins reached record levels, showcasing robust operational execution across the business segments.
**Segment Outlook:** The company expects Advanced Healthcare Solutions (AHS) to deliver mid- to high-single-digit growth with a notable margin expansion of over 200 basis points. Intelligent Operating Solutions (IOS) anticipates low single-digit growth, while Precision Technologies (PT) is projected to decline low single digits for the full year, with hopes for a gradual recovery in 2025 based on improved order trends.
**Challenges and Delayed Spending:** Select government customers have delayed spending due to macroeconomic uncertainties, impacting segments like Gordian and calibration business. There are ongoing concerns regarding the IV bag supply issues and their influence on North American consumables performance.
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$48.13
40% downside
Current Fair Value
40% downsideOvervalued by 40% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $27.38 Billion |
|---|---|
| Enterprise Value | $30.43 Billion |
| Dividend Yield | $0.32 (0.405525281966798%) |
| Earnings per Share | $2.46 |
| Beta | 1.17 |
| Outstanding Shares | 349,200,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 30.99 |
|---|---|
| PEG | 1876.34 |
| Price to Sales | 5.35 |
| Price to Book Ratio | 2.67 |
| Enterprise Value to Revenue | 5.47 |
| Enterprise Value to EBIT | 30.27 |
| Enterprise Value to Net Income | 34 |
| Total Debt to Enterprise | 0.13 |
| Debt to Equity | 0.37 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Fortive Corp
17,000 employees
CEO: James Lico Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets. The company holds leading positions in intelligent operating solutions, precision technologies, and advanced healt...