Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Thermo Fisher Scientific Inc
Physical assets are 14.5% of total assets, a light footprint. Capex is 0.55x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 8.7%, above an 8% cost-of-capital hurdle.
Fixed-asset turnover is 4.22x. Compare it with other names in the same basket.
Physical asset ratio
14.5%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
4.22x
Revenue per dollar of the physical asset base.
Capex / D&A
0.55x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-BRL 31.37
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—
Price BRL 72.87.
Fixed-charge coverage
7.03x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
0.5%
Latest free cash flow divided by current market cap (BRL 1,293.29B).
ROIC
8.7%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.73x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 12.8% | 5.85x | 0.33x | -BRL 31.68 | 2.81x | BRL 3.79B | 7.7% | 0.91x |
| 2019 | 15.1% | 4.69x | 0.41x | -BRL 25.21 | 4.51x | BRL 4.05B | 8.9% | 0.81x |
| 2020 | 15.5% | 4.82x | 0.63x | -BRL 10.64 | 15.60x | BRL 6.82B | 15.9% | 1.17x |
| 2021 | 15.7% | 3.98x | 0.97x | -BRL 157.13 | 3.09x | BRL 7.02B | 12.6% | 1.04x |
| 2022 | 17.0% | 4.13x | 0.66x | -BRL 37.54 | 9.36x | BRL 6.91B | 10.9% | 0.77x |
| 2023 | 16.3% | 3.89x | 0.48x | -BRL 35.82 | 6.88x | BRL 6.55B | 8.9% | 0.62x |
| 2024 | 16.2% | 3.97x | 0.45x | -BRL 30.76 | 7.29x | BRL 7.27B | 8.8% | 0.68x |
| 2025 | 14.5% | 4.22x | 0.55x | -BRL 31.37 | 7.03x | BRL 6.29B | 8.7% | 0.73x |
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: BRL 10.57B
Inventory: BRL 5.43B
Total assets: BRL 110.34B
Goodwill: BRL 49.36B
Intangibles: BRL 15.84B
Liabilities: BRL 56.93B
Tangible book: -BRL 11.79B
Shares: 375,708,060
Revenue: BRL 44.56B
Capex: BRL 1.53B
D&A: BRL 2.78B
EBITDA: BRL 11.51B
Interest: BRL 1.42B
Short-term debt: BRL 0.00
Free cash flow: BRL 6.29B
Operating income: BRL 7.75B
Invested capital: BRL 82.70B
Tax rate: 7.5%