FTV - Fortive Corporation: Attractively Valued With Good Growth Prospects
2024-04-28 12:15:51 ET
Summary
- Fortive Corporation is expected to continue delivering good revenue and margin growth, driven by its Intelligent Operating Solutions and Advanced Healthcare Solutions segments.
- The Precision Technologies segment has seen some weakness, but there are signs of potential recovery in the second half of 2024.
- The company has a strong balance sheet and cash-generative profile, positioning it well for organic growth and accretive M&As.
Investment Thesis
Fortive Corporation ( FTV ) should continue to deliver good revenue and margin growth moving forward. The company’s revenue growth should benefit from continued strength in its Intelligent Operating Solutions and Advanced Healthcare Solutions segments. While the Precision Technologies segment has seen some weakness over the last few quarters, some green shoots like stabilizing orders indicate a potential for recovery in the back half of 2024. In addition, the company has a strong balance sheet and a high cash-generative profile, which positions it well to continue supplementing organic growth with accretive M&As....
Fortive Corporation: Attractively Valued With Good Growth Prospects