$Fortive (FTV.US)$In the 2022.8.9 analysis, due to the conti...

The US company, which was listed in 2016, is mainly engaged in professional and engineering products business. The global market is currently at a price of 73.54.

Revenue has continued to grow over the past 5 years, with an average growth rate of 10%. Operating profit shrank sharply in 2019 due to gross margin and expenses. The average growth rate was 12%, and net profit increased sharply in 2020 due to revenue from the sale of securities. Interest expenses account for 11% of operating profit in 2023, and the interest burden is slightly heavy. Gross margin increased from 54.4% to 59.3% in the past 5 years, net margin fell from 16% to 14.3%, and return on net assets fell from 9.6% to 8.7%.

2024Q1 revenue increased 4.4%, operating profit shrank 0.5%, and net profit increased 19.5%.

Currently, the price-earnings ratio is 30.3, and the price-earnings ratio is TTM 29.2. The five-year average net profit of 880 million yuan corresponds to a price-earnings ratio of 29.4. Due to the lack of a clear long-term upward trend in net profit, it is temporarily unattractive.