Company Valuation: Dover Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 26,148 19,005 21,517 25,737 26,778 25,441 - -
Change - -27.32% 13.21% 19.62% 4.04% -4.99% - -
Enterprise Value (EV) 1 28,887 22,303 24,561 26,822 28,429 26,248 25,768 24,947
Change - -22.79% 10.12% 9.21% 5.99% -7.67% -1.83% -3.19%
P/E 23.5x 18.2x 20.5x 9.65x 24.6x 20.9x 18.3x 16.8x
PBR 6.24x 4.51x 4.21x 3.72x 3.61x 3.12x 2.86x 2.62x
PEG - -4.4x 15.21x 0x -0.4x 1.5x 1.3x 1.83x
Capitalization / Revenue 3.31x 2.23x 2.55x 3.32x 3.31x 2.94x 2.8x 2.67x
EV / Revenue 3.65x 2.62x 2.91x 3.46x 3.51x 3.03x 2.83x 2.62x
EV / EBITDA 17.9x 13.5x 13.9x 16.1x 15.3x 13.1x 11.9x 10.9x
EV / EBIT 21.9x 16.6x 17.2x 17.6x 16.7x 14.7x 13.2x 12.1x
EV / FCF 30.6x 38.1x 21.5x 29.1x 25.4x 20.2x 17.5x 15.3x
FCF Yield 3.27% 2.62% 4.66% 3.43% 3.93% 4.95% 5.72% 6.56%
Dividend per Share 2 1.99 2.01 2.03 2.05 2.07 2.119 2.183 2.202
Rate of return 1.1% 1.48% 1.32% 1.09% 1.06% 1.12% 1.16% 1.17%
EPS 2 7.74 7.42 7.52 19.45 7.94 9.054 10.32 11.26
Distribution rate 25.7% 27.1% 27% 10.5% 26.1% 23.4% 21.2% 19.6%
Net sales 1 7,907 8,508 8,438 7,746 8,093 8,661 9,100 9,539
EBITDA 1 1,610 1,648 1,765 1,670 1,861 2,010 2,161 2,298
EBIT 1 1,320 1,340 1,430 1,524 1,703 1,786 1,956 2,069
Net income 1 1,124 1,065 1,057 2,697 1,094 1,228 1,374 1,470
Net Debt 1 2,739 3,297 3,044 1,085 1,651 807.2 327 -494
Reference price 2 181.60 135.41 153.81 187.60 195.24 188.90 188.90 188.90
Nbr of stocks (in thousands) 143,985 140,354 139,890 137,192 137,153 134,680 - -
Announcement Date 1/27/22 1/31/23 2/1/24 1/30/25 1/29/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.86x3.03x13.06x1.12% 25.44B
30.39x5.22x19.04x0.85% 120B
25.91x4.74x16.58x2.32% 33.67B
20.95x1.79x12.9x2.23% 30.46B
29.6x3.96x14.95x0.11% 29.1B
19.79x3.31x10.56x1.61% 26.35B
23.26x2.84x12.26x1.62% 24.92B
93.28x35.17x76.7x0.41% 24.26B
25.78x3.24x15.84x1.75% 23.79B
Average 32.20x 7.03x 21.32x 1.34% 37.52B
Weighted average by Cap. 31.14x 6.28x 20.19x 1.23%

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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