Danaher Corporation logo DHR - Danaher Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 29
HOLD 12
SELL 1
STRONG
SELL
0
| PRICE TARGET: $223.63 DETAILS
HIGH: $249.00
LOW: $200.00
MEDIAN: $230.00
CONSENSUS: $223.63
UPSIDE: 12.48%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Moderate
Trading 39.4% above fair value
Current Price $198.81
Bear Case $114.06 42.6% downside ($114.06 - $198.81) / $198.81 = -42.6% $7.19 × 12x P/E
Fair Value $142.58 28.3% downside ($142.58 - $198.81) / $198.81 = -28.3% $7.19 × 15x P/E
Bull Case $171.10 13.9% downside ($171.10 - $198.81) / $198.81 = -13.9% $7.19 × 18x P/E

Adjust Assumptions

15.0x
7.19$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 27.7x

Plain-Language Summary

Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $223.63 from 43 analysts, using a 30% weight on analyst consensus. That produces an estimated intrinsic value of $142.58 per share.

Warnings

The company's reported profits differ from official accounting profits by 43%. Check what costs are being left out of the adjusted number.
Wall Street's average price target is $223.63 (from 43 analysts). Our estimate is 52% below the consensus -- consider that gap carefully.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples