Projected Income Statement: Danaher Corporation

Forecast Balance Sheet: Danaher Corporation

Forecast Balance Sheet - Danaher Corporation
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 19,590 13,682 12,538 13,927 13,803 20,578 16,085 11,721
Change - -30.16% -8.36% 11.08% -0.89% 49.08% -21.83% -27.13%
Announcement Date 1/27/22 1/24/23 1/30/24 1/29/25 1/28/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: Danaher Corporation

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 1,294 1,152 1,383 1,392 1,156 1,172 1,288 1,291
Change - -10.97% 20.05% 0.65% -16.95% 1.38% 9.94% 0.21%
Free Cash Flow (FCF) 1 7,064 7,376 5,781 5,296 5,293 5,750 6,351 7,066
Change - 4.42% -21.62% -8.39% -0.06% 8.63% 10.46% 11.26%
Announcement Date 1/27/22 1/24/23 1/30/24 1/29/25 1/28/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Danaher Corporation

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 32.71% 34.67% 31.52% 30.22% 31.3% 31.94% 32.41% 33.07%
EBIT Margin (%) 25.35% 27.61% 28.69% 28.89% 28.24% 28.99% 29.43% 29.96%
EBT Margin (%) 25.8% 26.35% 21.11% 19.46% 17.23% 19.07% 21.24% 22.93%
Net margin (%) 21.28% 22.57% 19.85% 16.33% 14.71% 16.74% 18.44% 18.53%
FCF margin (%) 23.98% 23.44% 24.2% 22.18% 21.54% 21.89% 22.46% 23.42%
FCF / Net Income (%) 112.68% 103.84% 121.88% 135.83% 146.46% 130.78% 121.78% 126.39%

Profitability

        
ROA 9.29% 8.48% 5.62% 4.81% 4.49% 6.05% 6.27% 7.04%
ROE 17.44% 14.91% 9.16% 7.57% 10.94% 11.53% 11.78% 12.04%

Financial Health

        
Leverage (Debt/EBITDA) 2.03x 1.25x 1.67x 1.93x 1.8x 2.45x 1.76x 1.17x
Debt / Free cash flow 2.77x 1.85x 2.17x 2.63x 2.61x 3.58x 2.53x 1.66x

Capital Intensity

        
CAPEX / Current Assets (%) 4.39% 3.66% 5.79% 5.83% 4.71% 4.46% 4.56% 4.28%
CAPEX / EBITDA (%) 13.43% 10.56% 18.37% 19.29% 15.03% 13.97% 14.06% 12.94%
CAPEX / FCF (%) 18.32% 15.62% 23.92% 26.28% 21.84% 20.38% 20.29% 18.27%

Items per share

        
Cash flow per share 1 11.34 11.56 9.641 9.072 8.96 9.936 11.25 12.86
Change - 1.89% -16.58% -5.9% -1.24% 10.9% 13.18% 14.37%
Dividend per Share 1 0.84 1 1.05 1.08 1.28 1.449 1.583 1.685
Change - 19.05% 5% 2.86% 18.52% 13.19% 9.27% 6.44%
Book Value Per Share 1 63.17 68.78 72.36 68.9 74.32 77.14 82.74 89.24
Change - 8.87% 5.21% -4.78% 7.87% 3.81% 7.26% 7.85%
EPS 1 8.61 9.66 6.38 5.29 5.05 6.29 7.52 8.284
Change - 12.2% -33.95% -17.08% -4.54% 24.55% 19.55% 10.17%
Nbr of stocks (in thousands) 714,577 727,963 738,927 722,275 706,350 703,531 703,531 703,531
Announcement Date 1/27/22 1/24/23 1/30/24 1/29/25 1/28/26 - - -
1USD
Estimates
2026 *2027 *
P/E 37.7x 31.5x
PBR 3.07x 2.86x
EV / Sales 7.13x 6.46x
Yield 0.61% 0.67%

EPS & Dividend

EPS & Dividend - Danaher Corporation


Y-o-Y evolution of P/E

Valuation ratios - P/E - Danaher Corporation
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - Danaher Corporation
Trader
Investor
Global
Quality
ESG MSCI
A
MarketScreener Ratings - Danaher Corporation
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
24
Last Close Price
236.98USD
Average target price
259.90USD
Spread / Average Target
+9.67%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Danaher Corporation
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