What is Fortive Corp worth?
With the base-case assumptions below, a discounted cash flow model on Fortive Corp's reported free cash flow gives $26.19 per share. The share price was $67.73 on November 10, 2026, 159% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -7.0% | 10.0% | $12.98 | -81% |
| Base | -2.0% | 9.0% | $26.19 | -61% |
| Bull | 3.0% | 8.0% | $50.84 | -25% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $35.19 | $37.87 | $41.15 | $45.24 | $50.50 |
| 8.0% | $28.53 | $30.26 | $32.32 | $34.78 | $37.79 |
| 9.0% | $23.63 | $24.82 | $26.19 | $27.79 | $29.68 |
| 10.0% | $19.88 | $20.72 | $21.68 | $22.77 | $24.04 |
| 11.0% | $16.91 | $17.53 | $18.22 | $19.00 | $19.88 |
Where the presets come from
Base: years 1 to 5 grow at Fortive Corp's revenue growth rate over the last 5 fiscal years (-2.1% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions