Company Valuation: Danaher Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 235,103 193,216 170,943 165,798 161,698 121,142 - -
Change - -17.82% -11.53% -3.01% -2.47% -25.08% - -
Enterprise Value (EV) 1 254,693 206,898 183,481 179,725 175,501 130,158 126,067 120,849
Change - -18.77% -11.32% -2.05% -2.35% -25.84% -3.14% -4.14%
P/E ratio 38.2x 27.5x 36.3x 43.4x 45.3x 27.1x 22.3x 20.6x
PBR 5.21x 3.86x 3.2x 3.33x 3.08x 2.16x 1.99x 1.82x
PEG - 2.3x -1.1x -2.5x -9.98x 1.1x 1x 2.49x
Capitalization / Revenue 7.98x 6.14x 7.16x 6.94x 6.58x 4.75x 4.5x 4.22x
EV / Revenue 8.65x 6.57x 7.68x 7.53x 7.14x 5.11x 4.68x 4.21x
EV / EBITDA 26.4x 19x 24.4x 24.9x 22.8x 15.9x 14.4x 12.7x
EV / EBIT 34.1x 23.8x 26.8x 26.1x 25.3x 17.6x 15.9x 14x
EV / FCF 36.1x 28.1x 31.7x 33.9x 33.2x 23.7x 20.5x 18.2x
FCF Yield 2.77% 3.57% 3.15% 2.95% 3.02% 4.22% 4.87% 5.5%
Dividend per Share 2 0.84 1 1.05 1.08 - 1.384 1.508 1.606
Rate of return 0.26% 0.38% 0.45% 0.47% - 0.81% 0.88% 0.94%
EPS 2 8.61 9.66 6.38 5.29 5.05 6.322 7.672 8.307
Distribution rate 9.76% 10.4% 16.5% 20.4% - 21.9% 19.7% 19.3%
Net sales 1 29,453 31,471 23,890 23,875 24,568 25,482 26,910 28,721
EBITDA 1 9,633 10,910 7,530 7,215 7,689 8,176 8,765 9,497
EBIT 1 7,465 8,688 6,855 6,897 6,939 7,380 7,942 8,628
Net income 1 6,269 7,103 4,743 3,899 3,614 4,540 5,555 5,634
Net Debt 1 19,590 13,682 12,538 13,927 13,803 9,015 4,925 -292.9
Reference price 2 329.01 265.42 231.34 229.55 228.92 171.16 171.16 171.16
Nbr of stocks (in thousands) 714,577 727,963 738,927 722,275 706,350 707,771 - -
Announcement Date 1/27/22 1/24/23 1/30/24 1/29/25 1/28/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.07x5.11x15.92x0.81% 121B
23.02x4.26x16.42x0.4% 173B
49.43x12.97x29.08x-.--% 159B
19.88x3.99x12.94x-.--% 80.16B
28.37x6.3x20.04x-.--% 46.04B
16.88x2.05x10.03x2.99% 44.18B
36.58x6.08x18.54x-.--% 34.86B
22.17x4.54x15.75x0.88% 32.67B
23.86x5.18x16.14x2.63% 30.34B
19.51x5.15x13.13x1.18% 29.99B
Average 26.68x 5.56x 16.80x 0.89% 75.16B
Weighted average by Cap. 29.39x 6.38x 18.43x 0.59%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Danaher Corporation