Valuation Thermo Fisher Scientific, Inc.

Equities

Market Closed - Nyse Other stock markets 04:00:02 2025-12-12 pm EST			5-day change	1st Jan Change
572.28 ^USD	-1.14%		-0.09%	+10.01%

Dec. 11	Citigroup Upgrades Thermo Fisher Scientific to Buy From Neutral, Adjusts PT to $660 From $580	MT
Dec. 08	Why the Fed's Next Move Matters More Than Markets Admit

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	184,605	262,925	216,998	205,083	198,988	215,010	-	-
Change	-	42.43%	-17.47%	-5.49%	-2.97%	8.05%	-	-
Enterprise Value (EV) ¹	196,015	293,318	242,962	231,923	226,254	243,296	238,972	233,174
Change	-	49.64%	-17.17%	-4.54%	-2.44%	7.53%	-1.78%	-2.43%
P/E ratio	29.2x	34.3x	31.2x	34.4x	31.5x	32.1x	28.9x	25.2x
PBR	5.39x	6.45x	4.89x	4.39x	4x	4.12x	3.78x	3.46x
PEG	-	1.6x	-3.32x	-2.8x	4.51x	4.02x	2.6x	1.7x
Capitalization / Revenue	5.73x	6.71x	4.83x	4.79x	4.64x	4.86x	4.62x	4.38x
EV / Revenue	6.08x	7.48x	5.41x	5.41x	5.28x	5.5x	5.14x	4.75x
EV / EBITDA	19.2x	22.6x	20.3x	21.3x	20.8x	21.8x	19.9x	18.3x
EV / EBIT	20.5x	24.2x	22.1x	23.6x	23.3x	24.1x	22x	19.9x
EV / FCF	28.8x	41.8x	35x	33.5x	30.9x	36.8x	27.8x	24.9x
FCF Yield	3.48%	2.39%	2.85%	2.99%	3.24%	2.72%	3.59%	4.02%
Dividend per Share ²	0.88	1.04	1.2	1.4	1.56	1.649	1.719	1.805
Rate of return	0.19%	0.16%	0.22%	0.26%	0.3%	0.29%	0.3%	0.32%
EPS ²	15.96	19.46	17.63	15.45	16.53	17.85	19.8	22.73
Distribution rate	5.51%	5.34%	6.81%	9.06%	9.44%	9.24%	8.68%	7.94%
Net sales ¹	32,218	39,211	44,915	42,857	42,879	44,261	46,519	49,111
EBITDA ¹	10,214	12,969	11,971	10,878	10,863	11,169	12,001	12,713
EBIT ¹	9,556	12,138	10,985	9,810	9,707	10,083	10,839	11,702
Net income ¹	6,375	7,725	6,950	5,995	6,335	6,707	7,384	8,280
Net Debt ¹	11,410	30,393	25,964	26,840	27,266	28,286	23,962	18,164
Reference price ²	465.78	667.24	550.69	530.79	520.23	572.28	572.28	572.28
Nbr of stocks (in thousands)	396,335	394,048	394,048	386,372	382,500	375,708	-	-
Announcement Date	2/1/21	2/2/22	2/1/23	1/31/24	1/30/25	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
THERMO FISHER SCIENTIFIC, INC.	32.06x	5.5x	21.78x	0.29%	215B
INTUITIVE SURGICAL, INC.	71.91x	18.86x	44.03x	-.--%	192B
DANAHER CORPORATION	43.51x	7.07x	22.82x	0.55%	160B
BOSTON SCIENTIFIC CORPORATION	44.83x	7.28x	23.75x	-.--%	137B
SIEMENS HEALTHINEERS AG	20.73x	2.48x	12.06x	2.31%	57.67B
EDWARDS LIFESCIENCES CORPORATION	36.61x	7.45x	24.66x	-.--%	48.21B
AGILENT TECHNOLOGIES, INC.	31.31x	5.95x	21.21x	0.7%	39.54B
GE HEALTHCARE TECHNOLOGIES INC.	18.34x	2.11x	11.92x	0.15%	38.25B
RESMED, INC.	24.05x	6.34x	16.41x	0.96%	36.77B
SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD.	25.25x	6.46x	18.44x	2.64%	34.25B
Average	34.86x	6.95x	21.71x	0.76%	95.91B
Weighted average by Cap.	42.20x	8.56x	25.52x	0.46%