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Thermo Fisher Scientific (TMO) Financial Forecast Calculator

Interactive 5-year forecast and DCF for Thermo Fisher Scientific. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Thermo Fisher Scientific’s most recent SEC filings.

Revenue FY30
$81.84B
from $42.86B
FCF FY30
$10.59B
Margin 12.9%
Enterprise value
$146.50B
3.4× LTM revenue
Equity value
$119.24B
Net debt $27.27B
Revenue & free cash flow - history and 5-year forecast
Line (area)
Bars
Historicals from SEC EDGAR (grey). Forecast years (color) update live as you move the sliders.

Assumptions

Revenue growth (annual)
13.8%
-10.0%baseline 13.8%40.0%
Gross margin
45.0%
5.0%baseline 45.0%90.0%
Capex % of revenue
4.6%
0.0%baseline 4.6%30.0%
WACC (discount rate)
9.00%
4.0%baseline 9.0%18.0%
Terminal growth
2.50%
0.0%baseline 2.5%5.0%

Need this as an Excel model?

Keep iterating on the Thermo Fisher Scientific forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.

income_statement.xlsx
Income statement, brown brand palette
income_statement.xlsx
Income statement, green brand palette
income_statement.xlsx
Income statement, red brand palette

Frequently asked

What does Thermo Fisher Scientific do?+

Thermo Fisher Scientific is the world's largest supplier of scientific instrumentation, reagents, consumables, and software to life sciences, clinical, and industrial laboratories. The company also provides extensive outsourced clinical trial and contract manufacturing services to the pharmaceutical industry.

What are the primary revenue drivers for Thermo Fisher Scientific?+

Thermo Fisher Scientific's main revenue drivers stem from its Laboratory Products and Biopharma Services, Life Sciences Solutions, Analytical Instruments, and Specialty Diagnostics segments. Their business model combines recurring consumables and services with capital equipment sales, offering a hybrid revenue stream.

What is Thermo Fisher Scientific's typical capital expenditure as a percentage of revenue?+

Thermo Fisher Scientific's capital expenditure as a percentage of revenue typically ranges from 3.0% to 4.5%. Growth capex, which accounts for approximately 60% of total capex, is primarily directed towards expanding CDMO capacity and building new bioproduction facilities.

What is the assumed revenue growth rate for Thermo Fisher Scientific in the financial model?+

The financial model for Thermo Fisher Scientific incorporates a revenue growth assumption of approximately 13.8%. This key input helps forecast the company's future financial performance and supports the comprehensive equity valuation.

How does M&A activity influence Thermo Fisher Scientific's capital deployment and valuation?+

M&A is the primary engine for Thermo Fisher Scientific's capital deployment, encompassing both smaller bolt-on acquisitions and larger transformational deals. Acquisition multiples paid typically range from 15x to 20x forward EBITDA, reflecting the premium nature of assets in the life sciences sector.

Can I download an Excel financial model for Thermo Fisher Scientific?+

Yes, an Excel financial model for Thermo Fisher Scientific is available for download. This model offers a comprehensive equity valuation and capital allocation forecast, allowing analysts to determine the company's intrinsic value and assess its capacity for future M&A.

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