Danaher Corporation logo DHR - Danaher Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 29
HOLD 12
SELL 1
STRONG
SELL
0
| PRICE TARGET: $228.22 DETAILS
HIGH: $265.00
LOW: $200.00
MEDIAN: $230.00
CONSENSUS: $228.22
UPSIDE: 14.65%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Moderate
Trading 38.3% above fair value
Current Price $199.05
Bear Case $115.16 42.1% downside ($115.16 - $199.05) / $199.05 = -42.1% $7.19 × 12x P/E
Fair Value $143.95 27.7% downside ($143.95 - $199.05) / $199.05 = -27.7% $7.19 × 15x P/E
Bull Case $172.75 13.2% downside ($172.75 - $199.05) / $199.05 = -13.2% $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 $228.22 from 43 analysts, using a 30% weight on analyst consensus. That produces an estimated intrinsic value of $143.95 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 $228.22 (from 43 analysts). Our estimate is 53% 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