Morningstar Rating

Stock Research and Analysis

by Alex Morozov, CFA

Bulls Say

The firm's target market is approximately $85 billion. With total sales approaching $17 billion, Thermo Fisher is the largest supplier of research instruments and consumables.
Thermo Fisher is among the industry leaders in nearly every product category. It is among the largest manufacturers of mass spectrometry equipment and leads the field in manufacturing and distributing reagents and consumables.
Thermo Fisher has invested heavily in research and development, which has resulted in several highly successful product launches. Read more 

Bears Say

Thermo Fisher is an aggressive acquirer. The company's expansion strategy depends heavily on the success of its acquisitions. Its earnings number is not clean due to the abundance of Non-GAAP adjustments.
The firm's diagnostic business relies on patient traffic. Lab volume growth has been lackadaisical coming out of the recession.
Consumable products offer very little differentiation, and the firm's customers are increasingly looking to lower costs. Read more 

Management

We give Thermo Fisher a Standard Stewardship Rating, but we believe this management team's performance will be ultimately judged on the success of the Life acquisition. We think the management team has fared well integrating its numerous acquisitions   Read more 

Profile

Thermo Fisher Scientific is a product of the 2006 merger between Thermo Electron and Fisher Scientific. The company sells scientific instruments and laboratory equipment   Read more 

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