Danaher Corporation logo DHR - Danaher Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 30
HOLD 10
SELL 1
STRONG
SELL
0
| PRICE TARGET: $242.30 DETAILS
HIGH: $270.00
LOW: $200.00
MEDIAN: $247.00
CONSENSUS: $242.30
UPSIDE: 40.87%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Moderate
Trading 16.1% above fair value
Current Price $172.00
Bear Case $118.54 31.1% downside ($118.54 - $172.00) / $172.00 = -31.1% $7.19 × 12x P/E
Fair Value $148.18 13.9% downside ($148.18 - $172.00) / $172.00 = -13.9% $7.19 × 15x P/E
Bull Case $177.82 3.4% upside ($177.82 - $172.00) / $172.00 = 3.4% $7.19 × 18x P/E

Adjust Assumptions

15.0x
7.19$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 23.9x

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 $242.30 from 42 analysts, using a 30% weight on analyst consensus. That produces an estimated intrinsic value of $148.18 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 $242.30 (from 42 analysts). Our estimate is 55% 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