Fortive Corp Stock Z Score

FTV Stock

USD 76.95 1.20 1.58%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Fortive Corp Piotroski F Score and Fortive Corp Valuation analysis.

For more information on how to buy Fortive Stock please use our How to Invest in Fortive Corp guide.

At this time, Fortive Corp's Net Working Capital is fairly stable compared to the past year. Change In Working Capital is likely to climb to about 22.9 M in 2024, whereas Additional Paid In Capital is likely to drop slightly above 2.7 B in 2024. At this time, Fortive Corp's Other Operating Expenses is fairly stable compared to the past year. Research Development is likely to climb to about 424.7 M in 2024, whereas Interest Expense is likely to drop slightly above 79.7 M in 2024.

Fortive Corp Company Z Score Analysis

Fortive Corp's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Fortive Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Fortive Corp is extremely important. It helps to project a fair market value of Fortive Stock properly, considering its historical fundamentals such as Z Score. Since Fortive Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Fortive Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Fortive Corp's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Accounts Payable	Net Receivables	Good Will	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Retained Earnings	Long Term Debt	Total Permanent Equity	Net Debt	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock	Long Term Investments
Total Assets		0.86	0.95	-0.14	0.41	0.98	0.89	0.83	0.56	0.98	-0.83	-0.01	-0.88	0.95	-0.18	0.92	0.34	-0.36	0.93	0.8	-0.83	0.47	0.96	-0.43	0.53	-0.29
Total Stockholder Equity	0.86		0.9	-0.43	0.07	0.91	0.52	0.56	0.46	0.88	-0.49	-0.39	-0.58	0.94	-0.42	0.76	0.03	-0.64	0.94	0.73	-0.81	0.28	0.9	-0.38	0.64	-0.32
Current Deferred Revenue	0.95	0.9		-0.19	0.28	0.98	0.76	0.7	0.45	0.93	-0.76	-0.18	-0.84	0.98	-0.28	0.88	0.17	-0.54	0.97	0.83	-0.82	0.24	0.94	-0.43	0.69	-0.34
Accounts Payable	-0.14	-0.43	-0.19		0.65	-0.18	0.16	-0.1	-0.1	-0.16	-0.01	0.68	-0.06	-0.31	0.69	-0.03	0.48	0.68	-0.34	-0.17	0.16	-0.3	-0.32	-0.14	-0.35	0.42
Net Receivables	0.41	0.07	0.28	0.65		0.34	0.62	0.41	-0.02	0.36	-0.45	0.48	-0.53	0.21	0.53	0.48	0.57	0.43	0.23	0.43	-0.36	0.14	0.32	-0.08	0.16	-0.26
Good Will	0.98	0.91	0.98	-0.18	0.34		0.8	0.7	0.54	0.97	-0.76	-0.09	-0.86	0.97	-0.28	0.89	0.28	-0.48	0.95	0.8	-0.81	0.29	0.96	-0.51	0.62	-0.31
Total Liab	0.89	0.52	0.76	0.16	0.62	0.8		0.87	0.51	0.84	-0.93	0.32	-0.94	0.73	0.08	0.85	0.53	-0.02	0.7	0.67	-0.65	0.51	0.78	-0.36	0.31	-0.2
Total Current Assets	0.83	0.56	0.7	-0.1	0.41	0.7	0.87		0.33	0.75	-0.83	0.03	-0.73	0.73	0.09	0.84	0.24	-0.1	0.72	0.74	-0.7	0.77	0.75	0.01	0.36	-0.29
Short Term Debt	0.56	0.46	0.45	-0.1	-0.02	0.54	0.51	0.33		0.65	-0.36	0.36	-0.48	0.43	-0.27	0.34	0.61	-0.09	0.36	0.02	-0.25	0.31	0.49	-0.81	-0.21	0.4
Intangible Assets	0.98	0.88	0.93	-0.16	0.36	0.97	0.84	0.75	0.65		-0.75	0.0	-0.84	0.93	-0.26	0.86	0.38	-0.38	0.91	0.71	-0.83	0.43	0.95	-0.55	0.46	-0.22
Common Stock	-0.83	-0.49	-0.76	-0.01	-0.45	-0.76	-0.93	-0.83	-0.36	-0.75		-0.23	0.94	-0.75	0.15	-0.84	-0.22	0.26	-0.71	-0.71	0.66	-0.44	-0.72	0.28	-0.41	0.3
Property Plant Equipment	-0.01	-0.39	-0.18	0.68	0.48	-0.09	0.32	0.03	0.36	0.0	-0.23		-0.26	-0.24	0.28	0.04	0.57	0.49	-0.3	-0.23	0.21	0.0	-0.21	-0.42	-0.51	0.46
Net Tangible Assets	-0.88	-0.58	-0.84	-0.06	-0.53	-0.86	-0.94	-0.73	-0.48	-0.84	0.94	-0.26		-0.79	0.16	-0.83	-0.38	0.27	-0.76	-0.71	0.66	-0.28	-0.81	0.48	-0.47	0.32
Retained Earnings	0.95	0.94	0.98	-0.31	0.21	0.97	0.73	0.73	0.43	0.93	-0.75	-0.24	-0.79		-0.37	0.9	0.07	-0.61	0.99	0.84	-0.86	0.34	0.95	-0.37	0.68	-0.37
Long Term Debt	-0.18	-0.42	-0.28	0.69	0.53	-0.28	0.08	0.09	-0.27	-0.26	0.15	0.28	0.16	-0.37		-0.1	0.48	0.84	-0.34	-0.07	0.28	0.03	-0.27	0.38	-0.21	0.16
Total Permanent Equity	0.92	0.76	0.88	-0.03	0.48	0.89	0.85	0.84	0.34	0.86	-0.84	0.04	-0.83	0.9	-0.1		0.17	-0.35	0.87	0.9	-0.77	0.42	0.83	-0.26	0.59	-0.33
Net Debt	0.34	0.03	0.17	0.48	0.57	0.28	0.53	0.24	0.61	0.38	-0.22	0.57	-0.38	0.07	0.48	0.17		0.6	0.04	-0.05	-0.02	0.2	0.27	-0.49	-0.3	0.26
Long Term Debt Total	-0.36	-0.64	-0.54	0.68	0.43	-0.48	-0.02	-0.1	-0.09	-0.38	0.26	0.49	0.27	-0.61	0.84	-0.35	0.6		-0.62	-0.46	0.46	0.1	-0.45	0.2	-0.64	0.38
Capital Surpluse	0.93	0.94	0.97	-0.34	0.23	0.95	0.7	0.72	0.36	0.91	-0.71	-0.3	-0.76	0.99	-0.34	0.87	0.04	-0.62		0.88	-0.87	0.33	0.96	-0.29	0.75	-0.46
Deferred Long Term Liab	0.8	0.73	0.83	-0.17	0.43	0.8	0.67	0.74	0.02	0.71	-0.71	-0.23	-0.71	0.84	-0.07	0.9	-0.05	-0.46	0.88		-0.72	0.28	0.8	0.03	0.86	-0.64
Short Long Term Debt	-0.83	-0.81	-0.82	0.16	-0.36	-0.81	-0.65	-0.7	-0.25	-0.83	0.66	0.21	0.66	-0.86	0.28	-0.77	-0.02	0.46	-0.87	-0.72		-0.44	-0.83	0.22	-0.52	0.35
Cash And Equivalents	0.47	0.28	0.24	-0.3	0.14	0.29	0.51	0.77	0.31	0.43	-0.44	0.0	-0.28	0.34	0.03	0.42	0.2	0.1	0.33	0.28	-0.44		0.44	0.19	-0.09	-0.14
Net Invested Capital	0.96	0.9	0.94	-0.32	0.32	0.96	0.78	0.75	0.49	0.95	-0.72	-0.21	-0.81	0.95	-0.27	0.83	0.27	-0.45	0.96	0.8	-0.83	0.44		-0.35	0.63	-0.46
Net Working Capital	-0.43	-0.38	-0.43	-0.14	-0.08	-0.51	-0.36	0.01	-0.81	-0.55	0.28	-0.42	0.48	-0.37	0.38	-0.26	-0.49	0.2	-0.29	0.03	0.22	0.19	-0.35		0.12	-0.4
Capital Stock	0.53	0.64	0.69	-0.35	0.16	0.62	0.31	0.36	-0.21	0.46	-0.41	-0.51	-0.47	0.68	-0.21	0.59	-0.3	-0.64	0.75	0.86	-0.52	-0.09	0.63	0.12		-0.77
Long Term Investments	-0.29	-0.32	-0.34	0.42	-0.26	-0.31	-0.2	-0.29	0.4	-0.22	0.3	0.46	0.32	-0.37	0.16	-0.33	0.26	0.38	-0.46	-0.64	0.35	-0.14	-0.46	-0.4	-0.77

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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Fortive Corp

According to the company's disclosures, Fortive Corp has a Z Score of 0.0. This is 100.0% lower than that of the Machinery sector and 100.0% lower than that of the Industrials industry. The z score for all United States stocks is 100.0% higher than that of the company.

Fortive Corp ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Fortive Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Fortive Corp's managers, analysts, and investors.

Environmental

Governance

Social

Fortive Corp Institutional Holders

Institutional Holdings refers to the ownership stake in Fortive Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Fortive Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Fortive Corp's value.

		Shares
Morgan Stanley - Brokerage Accounts	2024-06-30	7 M
Boston Partners Global Investors, Inc	2024-06-30	6.8 M
Fmr Inc	2024-09-30	6.7 M
Norges Bank	2024-06-30	5.1 M
Champlain Investment Partners, Llc	2024-09-30	4.8 M
Bank Of America Corp	2024-06-30	4.5 M
Mizuho Securities Usa Inc	2024-09-30	4 M
Select Equity Group Lp	2024-09-30	3.6 M
Ubs Asset Mgmt Americas Inc	2024-09-30	3.4 M
T. Rowe Price Investment Management,inc.	2024-09-30	39.1 M
Vanguard Group Inc	2024-09-30	39.1 M

Fortive Fundamentals

	Return On Equity	0.0862
	Return On Asset	0.0443
	Profit Margin	0.14 %
	Operating Margin	0.19 %
	Current Valuation	29.33 B
	Shares Outstanding	346.95 M
	Shares Owned By Insiders	0.31 %
	Shares Owned By Institutions	95.93 %
	Number Of Shares Shorted	3.03 M
	Price To Earning	35.27 X
	Price To Book	2.49 X
	Price To Sales	4.24 X
	Revenue	6.07 B
	Gross Profit	3.36 B
	EBITDA	1.13 B
	Net Income	865.8 M
	Cash And Equivalents	709.2 M
	Cash Per Share	1.99 X
	Total Debt	3.81 B
	Debt To Equity	0.38 %
	Current Ratio	0.94 X
	Book Value Per Share	30.43 X
	Cash Flow From Operations	1.35 B
	Short Ratio	1.38 X
	Earnings Per Share	2.50 X
	Price To Earnings To Growth	1.24 X
	Target Price	88.01
	Number Of Employees	18 K
	Beta	1.17
	Market Capitalization	26.28 B
	Total Asset	16.91 B
	Retained Earnings	7.51 B
	Working Capital	1.88 B
	Current Asset	1.59 B
	Current Liabilities	1.32 B
	Annual Yield	0 %
	Five Year Return	0.40 %
	Net Asset	16.91 B
	Last Dividend Paid	0.32

About Fortive Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Fortive Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fortive Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fortive Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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When running Fortive Corp's price analysis, check to measure Fortive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortive Corp is operating at the current time. Most of Fortive Corp's value examination focuses on studying past and present price action to predict the probability of Fortive Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortive Corp's price. Additionally, you may evaluate how the addition of Fortive Corp to your portfolios can decrease your overall portfolio volatility.

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Fortive Corp Stock Z Score

Fortive Corp Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Fortive Z Score Driver Correlations

Fortive Corp ESG Sustainability

Fortive Corp Institutional Holders

Fortive Fundamentals

About Fortive Corp Fundamental Analysis

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Fortive Stock Analysis

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