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Also traded in: Germany, Mexico

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash-to-Debt 0.34
FTV's Cash-to-Debt is ranked lower than
79% of the 2317 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.26 vs. FTV: 0.34 )
Ranked among companies with meaningful Cash-to-Debt only.
FTV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24  Med: 0.24 Max: 0.34
Current: 0.34
0.24
0.34
Equity-to-Asset 0.51
FTV's Equity-to-Asset is ranked lower than
58% of the 2282 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.55 vs. FTV: 0.51 )
Ranked among companies with meaningful Equity-to-Asset only.
FTV' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.33  Med: 0.61 Max: 0.72
Current: 0.51
0.33
0.72
Debt-to-Equity 0.52
FTV's Debt-to-Equity is ranked lower than
63% of the 1765 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.36 vs. FTV: 0.52 )
Ranked among companies with meaningful Debt-to-Equity only.
FTV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52  Med: 1.07 Max: 1.25
Current: 0.52
0.52
1.25
Debt-to-EBITDA 2.39
FTV's Debt-to-EBITDA is ranked lower than
52% of the 1627 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.99 vs. FTV: 2.39 )
Ranked among companies with meaningful Debt-to-EBITDA only.
FTV' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.36  Med: 2.39 Max: 2.63
Current: 2.39
2.36
2.63
Interest Coverage 12.15
FTV's Interest Coverage is ranked lower than
57% of the 1836 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 18.76 vs. FTV: 12.15 )
Ranked among companies with meaningful Interest Coverage only.
FTV' s Interest Coverage Range Over the Past 10 Years
Min: 12.15  Med: No Debt Max: No Debt
Current: 12.15
12.15
No Debt
Piotroski F-Score: 6
Altman Z-Score: 3.94
Beneish M-Score: -1.84
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating Margin % 18.26
FTV's Operating Margin % is ranked higher than
92% of the 2300 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 4.64 vs. FTV: 18.26 )
Ranked among companies with meaningful Operating Margin % only.
FTV' s Operating Margin % Range Over the Past 10 Years
Min: 18.26  Med: 19.65 Max: 20.55
Current: 18.26
18.26
20.55
Net Margin % 45.16
FTV's Net Margin % is ranked higher than
99% of the 2299 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.48 vs. FTV: 45.16 )
Ranked among companies with meaningful Net Margin % only.
FTV' s Net Margin % Range Over the Past 10 Years
Min: 13.2  Med: 13.98 Max: 45.16
Current: 45.16
13.2
45.16
ROE % 55.51
FTV's ROE % is ranked higher than
98% of the 2278 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 6.72 vs. FTV: 55.51 )
Ranked among companies with meaningful ROE % only.
FTV' s ROE % Range Over the Past 10 Years
Min: 15.48  Med: 27.22 Max: 55.51
Current: 55.51
15.48
55.51
ROA % 24.32
FTV's ROA % is ranked higher than
98% of the 2329 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.43 vs. FTV: 24.32 )
Ranked among companies with meaningful ROA % only.
FTV' s ROA % Range Over the Past 10 Years
Min: 11.18  Med: 11.98 Max: 24.9
Current: 24.32
11.18
24.9
ROC (Joel Greenblatt) % 100.41
FTV's ROC (Joel Greenblatt) % is ranked higher than
96% of the 2326 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 12.21 vs. FTV: 100.41 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
FTV' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 100.41  Med: 150.99 Max: 274.51
Current: 100.41
100.41
274.51
3-Year Revenue Growth Rate 1.10
FTV's 3-Year Revenue Growth Rate is ranked lower than
56% of the 2196 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.80 vs. FTV: 1.10 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
FTV' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0.9  Med: 1.3 Max: 2.2
Current: 1.1
0.9
2.2
3-Year EBITDA Growth Rate -0.60
FTV's 3-Year EBITDA Growth Rate is ranked lower than
62% of the 1871 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 5.10 vs. FTV: -0.60 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
FTV' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -0.6  Med: 2.1 Max: 4.4
Current: -0.6
-0.6
4.4
3-Year EPS without NRI Growth Rate 3.40
FTV's 3-Year EPS without NRI Growth Rate is ranked lower than
55% of the 1725 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 6.60 vs. FTV: 3.40 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
FTV' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: -0.35 Max: 3.4
Current: 3.4
0
3.4
GuruFocus has detected 7 Warning Signs with Fortive Corp FTV.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» FTV's 30-Y Financials

Financials (Next Earnings Date: 2019-04-26)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2018

FTV Guru Trades in Q1 2018

Jeremy Grantham 110,500 sh (New)
Steven Cohen 44,600 sh (New)
Pioneer Investments 576,902 sh (+14.05%)
Ken Fisher Sold Out
Tom Russo Sold Out
Murray Stahl 14,396 sh (-4.24%)
Jim Simons 588,600 sh (-32.27%)
» More
Q2 2018

FTV Guru Trades in Q2 2018

Joel Greenblatt 9,027 sh (New)
Pioneer Investments 656,433 sh (+13.79%)
Jim Simons Sold Out
Murray Stahl 13,068 sh (-9.22%)
Jeremy Grantham 64,548 sh (-41.59%)
Steven Cohen 39,400 sh (-11.66%)
» More
Q3 2018

FTV Guru Trades in Q3 2018

Pioneer Investments 794,544 sh (+21.04%)
Joel Greenblatt 11,021 sh (+22.09%)
Jeremy Grantham Sold Out
Steven Cohen Sold Out
Murray Stahl 12,522 sh (-4.18%)
» More
Q4 2018

FTV Guru Trades in Q4 2018

Ken Fisher 3,503 sh (New)
Paul Tudor Jones 32,691 sh (New)
Joel Greenblatt 114,569 sh (+939.55%)
Murray Stahl 12,392 sh (-1.04%)
Pioneer Investments 775,982 sh (-2.34%)
» More
» Details

Insider Trades

Latest Guru Trades with NYSE:FTV

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

Guru Date Action
Impact Price Range
(Average)*
Change from Average Comment Current Shares
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Preferred stocks of Fortive Corp

SymbolPriceYieldDescription
FTVpA.PFD1051.883.59Class A

Business Description

Industry: Computer Hardware » Scientific & Technical Instruments    NAICS: 334220    SIC: 3823
Compare:OSTO:HEXA B, NAS:GRMN, NYSE:KEYS, NAS:CGNX, NAS:TRMB, NYSE:ST, TSE:7701, NAS:FLIR, NYSE:TDY, NAS:MKSI, NYSE:GDI, HKSE:00241, NAS:COHR, LSE:SXS, TSE:6856, NAS:ORBK, TSE:7779, NAS:ITRI, NAS:IIVI, TPE:2360 » details
Traded in other countries:F03.Germany, FTV.Mexico,
Headquarter Location:USA
Fortive Corp is a United States based company diversified industrial growth company. It has two business segments namely, Professional Instrumentation and Industrial Technologies.

Fortive Corporation is a United States-based diversified industrial growth company encompassing businesses that are recognized leaders in attractive markets. It has well-known brands in field solutions, transportation technology, sensing, product realization, automation and specialty, and franchise distribution markets. The company's two separate business segments consisting of Professional Instrumentation and Industrial Technologies. The Professional Instrumentation segment consists of its Advanced Instrumentation and Solutions, and Sensing Technologies businesses. The Industrial Technologies segment consists of its Transportation Technologies, Automation & Specialty Components, and Franchise Distribution businesses.

Ratios

vs
industry
vs
history
PE Ratio 10.04
FTV's PE Ratio is ranked higher than
78% of the 1711 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 16.75 vs. FTV: 10.04 )
Ranked among companies with meaningful PE Ratio only.
FTV' s PE Ratio Range Over the Past 10 Years
Min: 7.98  Med: 24.91 Max: 38.47
Current: 10.04
7.98
38.47
Forward PE Ratio 23.87
FTV's Forward PE Ratio is ranked lower than
83% of the 259 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 14.71 vs. FTV: 23.87 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 32.77
FTV's PE Ratio without NRI is ranked lower than
73% of the 1690 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 16.78 vs. FTV: 32.77 )
Ranked among companies with meaningful PE Ratio without NRI only.
FTV' s PE Ratio without NRI Range Over the Past 10 Years
Min: 24.09  Med: 29.27 Max: 38.47
Current: 32.77
24.09
38.47
PB Ratio 4.18
FTV's PB Ratio is ranked lower than
88% of the 2309 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.47 vs. FTV: 4.18 )
Ranked among companies with meaningful PB Ratio only.
FTV' s PB Ratio Range Over the Past 10 Years
Min: 3.32  Med: 6.84 Max: 7.69
Current: 4.18
3.32
7.69
PS Ratio 4.50
FTV's PS Ratio is ranked lower than
87% of the 2318 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.98 vs. FTV: 4.50 )
Ranked among companies with meaningful PS Ratio only.
FTV' s PS Ratio Range Over the Past 10 Years
Min: 2.61  Med: 3.69 Max: 4.54
Current: 4.5
2.61
4.54
Price-to-Free-Cash-Flow 23.38
FTV's Price-to-Free-Cash-Flow is ranked lower than
54% of the 930 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 20.39 vs. FTV: 23.38 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
FTV' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 15.59  Med: 23.39 Max: 28.83
Current: 23.38
15.59
28.83
Price-to-Operating-Cash-Flow 21.45
FTV's Price-to-Operating-Cash-Flow is ranked lower than
66% of the 1350 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 14.25 vs. FTV: 21.45 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
FTV' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 14  Med: 21.1 Max: 25.26
Current: 21.45
14
25.26
EV-to-EBIT 25.43
FTV's EV-to-EBIT is ranked lower than
73% of the 1789 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 12.83 vs. FTV: 25.43 )
Ranked among companies with meaningful EV-to-EBIT only.
FTV' s EV-to-EBIT Range Over the Past 10 Years
Min: 15.3  Med: 20.1 Max: 25.8
Current: 25.43
15.3
25.8
EV-to-EBITDA 20.82
FTV's EV-to-EBITDA is ranked lower than
74% of the 1910 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 10.14 vs. FTV: 20.82 )
Ranked among companies with meaningful EV-to-EBITDA only.
FTV' s EV-to-EBITDA Range Over the Past 10 Years
Min: 13.4  Med: 17.5 Max: 21.2
Current: 20.82
13.4
21.2
EV-to-Revenue 4.63
FTV's EV-to-Revenue is ranked lower than
87% of the 2307 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.99 vs. FTV: 4.63 )
Ranked among companies with meaningful EV-to-Revenue only.
FTV' s EV-to-Revenue Range Over the Past 10 Years
Min: 3.1  Med: 4.1 Max: 4.8
Current: 4.63
3.1
4.8
PEG Ratio 22.00
FTV's PEG Ratio is ranked lower than
96% of the 874 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.40 vs. FTV: 22.00 )
Ranked among companies with meaningful PEG Ratio only.
FTV' s PEG Ratio Range Over the Past 10 Years
Min: 0  Med: 0 Max: 22.07
Current: 22
0
22.07
Current Ratio 1.45
FTV's Current Ratio is ranked lower than
71% of the 2256 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.89 vs. FTV: 1.45 )
Ranked among companies with meaningful Current Ratio only.
FTV' s Current Ratio Range Over the Past 10 Years
Min: 1.2  Med: 1.38 Max: 1.83
Current: 1.45
1.2
1.83
Quick Ratio 1.18
FTV's Quick Ratio is ranked lower than
61% of the 2256 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.39 vs. FTV: 1.18 )
Ranked among companies with meaningful Quick Ratio only.
FTV' s Quick Ratio Range Over the Past 10 Years
Min: 0.81  Med: 1.05 Max: 1.47
Current: 1.18
0.81
1.47
Days Inventory 71.39
FTV's Days Inventory is ranked higher than
62% of the 2249 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 77.36 vs. FTV: 71.39 )
Ranked among companies with meaningful Days Inventory only.
FTV' s Days Inventory Range Over the Past 10 Years
Min: 29.13  Med: 60.16 Max: 71.39
Current: 71.39
29.13
71.39
Days Sales Outstanding 67.60
FTV's Days Sales Outstanding is ranked higher than
70% of the 2261 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 79.60 vs. FTV: 67.60 )
Ranked among companies with meaningful Days Sales Outstanding only.
FTV' s Days Sales Outstanding Range Over the Past 10 Years
Min: 55.08  Med: 56.83 Max: 67.6
Current: 67.6
55.08
67.6
Days Payable 82.35
FTV's Days Payable is ranked higher than
56% of the 2219 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 65.83 vs. FTV: 82.35 )
Ranked among companies with meaningful Days Payable only.
FTV' s Days Payable Range Over the Past 10 Years
Min: 69.2  Med: 75.77 Max: 82.35
Current: 82.35
69.2
82.35

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 0.34
FTV's Dividend Yield % is ranked lower than
95% of the 1880 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.09 vs. FTV: 0.34 )
Ranked among companies with meaningful Dividend Yield % only.
FTV' s Dividend Yield % Range Over the Past 10 Years
Min: 0.13  Med: 0.36 Max: 0.44
Current: 0.34
0.13
0.44
Dividend Payout Ratio 0.11
FTV's Dividend Payout Ratio is ranked higher than
89% of the 1374 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.36 vs. FTV: 0.11 )
Ranked among companies with meaningful Dividend Payout Ratio only.
FTV' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.07  Med: 0.11 Max: 0.11
Current: 0.11
0.07
0.11
Forward Dividend Yield % 0.34
FTV's Forward Dividend Yield % is ranked lower than
96% of the 1815 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.65 vs. FTV: 0.34 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 0.34
FTV's 5-Year Yield-on-Cost % is ranked lower than
95% of the 1852 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.89 vs. FTV: 0.34 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
FTV' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.13  Med: 0.36 Max: 0.44
Current: 0.34
0.13
0.44
3-Year Average Share Buyback Ratio 1.30
FTV's 3-Year Average Share Buyback Ratio is ranked higher than
88% of the 1532 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: -3.00 vs. FTV: 1.30 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
FTV' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -0.3  Med: 0.05 Max: 1.3
Current: 1.3
-0.3
1.3

Valuation & Return

vs
industry
vs
history
Price-to-Median-PS-Value 1.22
FTV's Price-to-Median-PS-Value is ranked lower than
64% of the 2112 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.94 vs. FTV: 1.22 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
FTV' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.81  Med: 1 Max: 1.23
Current: 1.22
0.81
1.23
Earnings Yield (Greenblatt) % 3.94
FTV's Earnings Yield (Greenblatt) % is ranked lower than
55% of the 2382 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 5.45 vs. FTV: 3.94 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
FTV' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 3.9  Med: 5 Max: 6.5
Current: 3.94
3.9
6.5

More Statistics

Revenue (TTM) (Mil) $6,452.70
EPS (TTM) $ 8.21
Volatility26.43%
52-Week Range $62.89 - 88.34
Shares Outstanding (Mil)334.63

Analyst Estimate

Dec19 Dec20 Dec21
Revenue (Mil $) 6,954 7,290 7,431
EBIT (Mil $) 1,360 1,553 1,611
EBITDA (Mil $) 1,639 1,834 1,915
EPS ($) 3.34 3.64 4.20
EPS without NRI ($) 3.34 3.64 4.20
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($) 0.28 0.32

Piotroski F-Score Details

Piotroski F-Score: 66
Positive ROAY
Positive CFROAY
Higher ROA yoyY
CFROA > ROAN
Lower Leverage yoyY
Higher Current Ratio yoyN
Less Shares Outstanding yoyY
Higher Gross Margin yoyY
Higher Asset Turnover yoyN

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