$Fortive (FTV.US)$Excluded from the analysis on 2022.8.9 due...

A US company listed in 2016, mainly engaged in the professional and engineering products business in the global market, with the current price at 73.54.

Over the past 5 years, revenue has continued to grow at an average rate of 10%. Operating profit was significantly affected by the gross margin and expense ratio, shrinking sharply in 2019 with an average growth rate of 12%. Net income was significantly affected by gains from securities sales, experiencing a sharp increase in 2020. Interest expenses accounted for 11% of operating profit in 2023, with a slightly heavy interest burden. The gross margin has increased from 54.4% to 59.3% in the past 5 years, while the net margin decreased from 16% to 14.3%, and the return on net assets decreased from 9.6% to 8.7%.

Revenue grew by 4.4% in Q1 2024, operating profit shrank by 0.5%, and net income grew by 19.5%.

Currently, the PE ratio is 30.3, the TTM PE ratio is 29.2, and the 5-year average net income of 0.88 billion corresponds to a PE ratio of 29.4. Due to the lack of a clear long-term upward trend in net income, it is currently unattractive.