DANAHER CORP (DAP.DE) Fundamental Analysis & Valuation

FRA:DAP • US2358511028

Current stock price

161.8 EUR
+2.5 (+1.57%)
Last:

This DAP.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. DAP.DE Profitability Analysis

1.1 Basic Checks

  • In the past year DAP was profitable.
  • DAP had a positive operating cash flow in the past year.
  • In the past 5 years DAP has always been profitable.
  • In the past 5 years DAP always reported a positive cash flow from operatings.
DAP.DE Yearly Net Income VS EBIT VS OCF VS FCFDAP.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

1.2 Ratios

  • DAP has a Return On Assets of 4.33%. This is comparable to the rest of the industry: DAP outperforms 55.56% of its industry peers.
  • DAP has a Return On Equity (6.88%) which is in line with its industry peers.
  • DAP's Return On Invested Capital of 5.20% is on the low side compared to the rest of the industry. DAP is outperformed by 66.67% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for DAP is below the industry average of 9.09%.
Industry RankSector Rank
ROA 4.33%
ROE 6.88%
ROIC 5.2%
ROA(3y)4.99%
ROA(5y)6.19%
ROE(3y)7.87%
ROE(5y)10.34%
ROIC(3y)6%
ROIC(5y)6.72%
DAP.DE Yearly ROA, ROE, ROICDAP.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10

1.3 Margins

  • DAP has a Profit Margin of 14.71%. This is in the better half of the industry: DAP outperforms 66.67% of its industry peers.
  • In the last couple of years the Profit Margin of DAP has remained more or less at the same level.
  • Looking at the Operating Margin, with a value of 19.21%, DAP belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
  • In the last couple of years the Operating Margin of DAP has grown nicely.
  • Looking at the Gross Margin, with a value of 59.23%, DAP is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
  • DAP's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 19.21%
PM (TTM) 14.71%
GM 59.23%
OM growth 3Y-8.17%
OM growth 5Y2.9%
PM growth 3Y-17.98%
PM growth 5Y-1.36%
GM growth 3Y-0.85%
GM growth 5Y1.13%
DAP.DE Yearly Profit, Operating, Gross MarginsDAP.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

7

2. DAP.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so DAP is destroying value.
  • DAP has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, DAP has less shares outstanding
  • Compared to 1 year ago, DAP has a worse debt to assets ratio.
DAP.DE Yearly Shares OutstandingDAP.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
DAP.DE Yearly Total Debt VS Total AssetsDAP.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B

2.2 Solvency

  • An Altman-Z score of 3.87 indicates that DAP is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 3.87, DAP belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
  • The Debt to FCF ratio of DAP is 3.50, which is a good value as it means it would take DAP, 3.50 years of fcf income to pay off all of its debts.
  • DAP has a Debt to FCF ratio of 3.50. This is amongst the best in the industry. DAP outperforms 88.89% of its industry peers.
  • A Debt/Equity ratio of 0.35 indicates that DAP is not too dependend on debt financing.
  • DAP has a better Debt to Equity ratio (0.35) than 88.89% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 3.5
Altman-Z 3.87
ROIC/WACC0.5
WACC10.48%
DAP.DE Yearly LT Debt VS Equity VS FCFDAP.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.3 Liquidity

  • A Current Ratio of 1.87 indicates that DAP should not have too much problems paying its short term obligations.
  • DAP has a better Current ratio (1.87) than 72.22% of its industry peers.
  • DAP has a Quick Ratio of 1.51. This is a normal value and indicates that DAP is financially healthy and should not expect problems in meeting its short term obligations.
  • DAP has a Quick ratio of 1.51. This is in the better half of the industry: DAP outperforms 72.22% of its industry peers.
Industry RankSector Rank
Current Ratio 1.87
Quick Ratio 1.51
DAP.DE Yearly Current Assets VS Current LiabilitesDAP.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

5

3. DAP.DE Growth Analysis

3.1 Past

  • DAP shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.14%.
  • DAP shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.40% yearly.
  • DAP shows a small growth in Revenue. In the last year, the Revenue has grown by 2.90%.
  • Measured over the past years, DAP shows a small growth in Revenue. The Revenue has been growing by 1.97% on average per year.
EPS 1Y (TTM)4.14%
EPS 3Y-10.69%
EPS 5Y4.4%
EPS Q2Q%4.21%
Revenue 1Y (TTM)2.9%
Revenue growth 3Y-2.67%
Revenue growth 5Y1.97%
Sales Q2Q%4.59%

3.2 Future

  • DAP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.81% yearly.
  • The Revenue is expected to grow by 5.43% on average over the next years.
EPS Next Y8.87%
EPS Next 2Y8.68%
EPS Next 3Y9.22%
EPS Next 5Y9.81%
Revenue Next Year4.44%
Revenue Next 2Y5.3%
Revenue Next 3Y5.69%
Revenue Next 5Y5.43%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
DAP.DE Yearly Revenue VS EstimatesDAP.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
DAP.DE Yearly EPS VS EstimatesDAP.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

3

4. DAP.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 23.90, the valuation of DAP can be described as rather expensive.
  • DAP's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of DAP to the average of the S&P500 Index (24.89), we can say DAP is valued inline with the index average.
  • DAP is valuated rather expensively with a Price/Forward Earnings ratio of 21.94.
  • DAP's Price/Forward Earnings ratio is in line with the industry average.
  • DAP is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 23.9
Fwd PE 21.94
DAP.DE Price Earnings VS Forward Price EarningsDAP.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20

4.2 Price Multiples

  • DAP's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. DAP is more expensive than 61.11% of the companies in the same industry.
  • 72.22% of the companies in the same industry are more expensive than DAP, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 25.05
EV/EBITDA 20.03
DAP.DE Per share dataDAP.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates DAP does not grow enough to justify the current Price/Earnings ratio.
  • DAP has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.69
PEG (5Y)5.44
EPS Next 2Y8.68%
EPS Next 3Y9.22%

5

5. DAP.DE Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.85%, DAP is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.52, DAP pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, DAP's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.85%

5.2 History

  • On average, the dividend of DAP grows each year by 7.08%, which is quite nice.
Dividend Growth(5Y)7.08%
Div Incr Years5
Div Non Decr Years5
DAP.DE Yearly Dividends per shareDAP.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 24.29% of the earnings are spent on dividend by DAP. This is a low number and sustainable payout ratio.
  • The dividend of DAP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP24.29%
EPS Next 2Y8.68%
EPS Next 3Y9.22%
DAP.DE Yearly Income VS Free CF VS DividendDAP.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B
DAP.DE Dividend Payout.DAP.DE Dividend Payout, showing the Payout Ratio.DAP.DE Dividend Payout.PayoutRetained Earnings

DAP.DE Fundamentals: All Metrics, Ratios and Statistics

DANAHER CORP

FRA:DAP (3/30/2026, 5:16:07 PM)

161.8

+2.5 (+1.57%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryLife Sciences Tools & Services
Earnings (Last)01-28
Earnings (Next)04-21
Inst Owners84.19%
Inst Owner ChangeN/A
Ins Owners10.81%
Ins Owner ChangeN/A
Market Cap114.42B
Revenue(TTM)24.57B
Net Income(TTM)3.61B
Analysts84.67
Price Target225.41 (39.31%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.85%
Yearly Dividend1.07
Dividend Growth(5Y)7.08%
DP24.29%
Div Incr Years5
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.65%
Min EPS beat(2)2.56%
Max EPS beat(2)8.74%
EPS beat(4)4
Avg EPS beat(4)8.26%
Min EPS beat(4)2.56%
Max EPS beat(4)13.3%
EPS beat(8)7
Avg EPS beat(8)7.31%
EPS beat(12)11
Avg EPS beat(12)6.6%
EPS beat(16)15
Avg EPS beat(16)7.62%
Revenue beat(2)0
Avg Revenue beat(2)-0.38%
Min Revenue beat(2)-0.52%
Max Revenue beat(2)-0.23%
Revenue beat(4)2
Avg Revenue beat(4)0.41%
Min Revenue beat(4)-0.52%
Max Revenue beat(4)1.7%
Revenue beat(8)6
Avg Revenue beat(8)1.11%
Revenue beat(12)8
Avg Revenue beat(12)-0.11%
Revenue beat(16)11
Avg Revenue beat(16)-2.81%
PT rev (1m)0%
PT rev (3m)-0.06%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.38%
EPS NY rev (1m)-0.02%
EPS NY rev (3m)-0.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.1%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)0.4%
Valuation
Industry RankSector Rank
PE 23.9
Fwd PE 21.94
P/S 5.36
P/FCF 25.05
P/OCF 20.54
P/B 2.51
P/tB N/A
EV/EBITDA 20.03
EPS(TTM)6.77
EY4.18%
EPS(NY)7.37
Fwd EY4.56%
FCF(TTM)6.46
FCFY3.99%
OCF(TTM)7.88
OCFY4.87%
SpS30.17
BVpS64.51
TBVpS-10.36
PEG (NY)2.69
PEG (5Y)5.44
Graham Number99.13
Profitability
Industry RankSector Rank
ROA 4.33%
ROE 6.88%
ROCE 6.16%
ROIC 5.2%
ROICexc 5.53%
ROICexgc 36%
OM 19.21%
PM (TTM) 14.71%
GM 59.23%
FCFM 21.41%
ROA(3y)4.99%
ROA(5y)6.19%
ROE(3y)7.87%
ROE(5y)10.34%
ROIC(3y)6%
ROIC(5y)6.72%
ROICexc(3y)6.35%
ROICexc(5y)7.12%
ROICexgc(3y)47.56%
ROICexgc(5y)54.18%
ROCE(3y)7.1%
ROCE(5y)7.95%
ROICexgc growth 3Y-13.85%
ROICexgc growth 5Y-7.11%
ROICexc growth 3Y-11.48%
ROICexc growth 5Y2.06%
OM growth 3Y-8.17%
OM growth 5Y2.9%
PM growth 3Y-17.98%
PM growth 5Y-1.36%
GM growth 3Y-0.85%
GM growth 5Y1.13%
F-Score5
Asset Turnover0.29
Health
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 3.5
Debt/EBITDA 2.57
Cap/Depr 47.24%
Cap/Sales 4.71%
Interest Coverage 14.26
Cash Conversion 89.53%
Profit Quality 145.54%
Current Ratio 1.87
Quick Ratio 1.51
Altman-Z 3.87
F-Score5
WACC10.48%
ROIC/WACC0.5
Cap/Depr(3y)56.76%
Cap/Depr(5y)56.36%
Cap/Sales(3y)5.44%
Cap/Sales(5y)5.17%
Profit Quality(3y)134.42%
Profit Quality(5y)123.93%
High Growth Momentum
Growth
EPS 1Y (TTM)4.14%
EPS 3Y-10.69%
EPS 5Y4.4%
EPS Q2Q%4.21%
EPS Next Y8.87%
EPS Next 2Y8.68%
EPS Next 3Y9.22%
EPS Next 5Y9.81%
Revenue 1Y (TTM)2.9%
Revenue growth 3Y-2.67%
Revenue growth 5Y1.97%
Sales Q2Q%4.59%
Revenue Next Year4.44%
Revenue Next 2Y5.3%
Revenue Next 3Y5.69%
Revenue Next 5Y5.43%
EBIT growth 1Y-9.41%
EBIT growth 3Y-10.61%
EBIT growth 5Y4.93%
EBIT Next Year18.91%
EBIT Next 3Y11.44%
EBIT Next 5Y10.78%
FCF growth 1Y-0.68%
FCF growth 3Y-10.62%
FCF growth 5Y-0.59%
OCF growth 1Y-4.07%
OCF growth 3Y-9.02%
OCF growth 5Y0.66%

DANAHER CORP / DAP.DE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for DANAHER CORP?

ChartMill assigns a fundamental rating of 6 / 10 to DAP.DE.


What is the valuation status of DANAHER CORP (DAP.DE) stock?

ChartMill assigns a valuation rating of 4 / 10 to DANAHER CORP (DAP.DE). This can be considered as Fairly Valued.


Can you provide the profitability details for DANAHER CORP?

DANAHER CORP (DAP.DE) has a profitability rating of 6 / 10.


What are the PE and PB ratios of DANAHER CORP (DAP.DE) stock?

The Price/Earnings (PE) ratio for DANAHER CORP (DAP.DE) is 23.9 and the Price/Book (PB) ratio is 2.51.


Can you provide the expected EPS growth for DAP stock?

The Earnings per Share (EPS) of DANAHER CORP (DAP.DE) is expected to grow by 8.87% in the next year.