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 $26.20 per share. The share price was $56.09 on September 25, 2026, 114% 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% | $12.99 | -77% |
| Base | -2.0% | 9.0% | $26.20 | -53% |
| Bull | 3.0% | 8.0% | $50.85 | -9% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $35.20 | $37.88 | $41.16 | $45.25 | $50.51 |
| 8.0% | $28.54 | $30.28 | $32.33 | $34.79 | $37.80 |
| 9.0% | $23.64 | $24.83 | $26.20 | $27.80 | $29.69 |
| 10.0% | $19.89 | $20.73 | $21.69 | $22.79 | $24.05 |
| 11.0% | $16.92 | $17.54 | $18.23 | $19.01 | $19.90 |
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