DANAHER CORP (DAP.DE) Stock Fundamental Analysis
FRA:DAP - Deutsche Boerse Ag - US2358511028 - Common Stock - Currency: EUR
Taking everything into account, DAP scores 5 out of 10 in our fundamental rating. DAP was compared to 22 industry peers in the Life Sciences Tools & Services industry. DAP has an excellent profitability rating, but there are some minor concerns on its financial health. DAP is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year DAP was profitable.
DAP had a positive operating cash flow in the past year.
DAP had positive earnings in each of the past 5 years.
Each year in the past 5 years DAP had a positive operating cash flow.
1.2 Ratios
The Return On Assets of DAP (4.18%) is better than 72.73% of its industry peers.
With a decent Return On Equity value of 6.52%, DAP is doing good in the industry, outperforming 63.64% of the companies in the same industry.
DAP has a Return On Invested Capital (5.32%) which is comparable to the rest of the industry.
DAP had an Average Return On Invested Capital over the past 3 years of 6.76%. This is significantly below the industry average of 12.40%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.18% | ||
| ROE | 6.52% | ||
| ROIC | 5.32% |
ROA(3y)6.35%
ROA(5y)6.24%
ROE(3y)10.31%
ROE(5y)10.73%
ROIC(3y)6.76%
ROIC(5y)6.52%
1.3 Margins
DAP has a better Profit Margin (14.21%) than 77.27% of its industry peers.
In the last couple of years the Profit Margin of DAP has remained more or less at the same level.
DAP's Operating Margin of 19.79% is amongst the best of the industry. DAP outperforms 86.36% of its industry peers.
In the last couple of years the Operating Margin of DAP has grown nicely.
DAP has a Gross Margin of 59.72%. This is amongst the best in the industry. DAP outperforms 86.36% of its industry peers.
In the last couple of years the Gross Margin of DAP has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.79% | ||
| PM (TTM) | 14.21% | ||
| GM | 59.72% |
OM growth 3Y-5.38%
OM growth 5Y3.63%
PM growth 3Y-13.55%
PM growth 5Y-0.1%
GM growth 3Y-1.01%
GM growth 5Y1.35%
2. Health
2.1 Basic Checks
DAP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for DAP has been reduced compared to 1 year ago.
DAP has more shares outstanding than it did 5 years ago.
DAP has a better debt/assets ratio than last year.
2.2 Solvency
DAP has an Altman-Z score of 4.33. This indicates that DAP is financially healthy and has little risk of bankruptcy at the moment.
DAP has a Altman-Z score of 4.33. This is amongst the best in the industry. DAP outperforms 86.36% of its industry peers.
The Debt to FCF ratio of DAP is 3.57, which is a good value as it means it would take DAP, 3.57 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 3.57, DAP is doing good in the industry, outperforming 77.27% of the companies in the same industry.
A Debt/Equity ratio of 0.32 indicates that DAP is not too dependend on debt financing.
DAP has a Debt to Equity ratio of 0.32. This is in the better half of the industry: DAP outperforms 77.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 3.57 | ||
| Altman-Z | 4.33 |
ROIC/WACC0.52
WACC10.22%
2.3 Liquidity
A Current Ratio of 1.62 indicates that DAP should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.62, DAP is in line with its industry, outperforming 54.55% of the companies in the same industry.
DAP has a Quick Ratio of 1.22. This is a normal value and indicates that DAP is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of DAP (1.22) is better than 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.62 | ||
| Quick Ratio | 1.22 |
3. Growth
3.1 Past
DAP shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.84%.
Measured over the past years, DAP shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.77% on average per year.
DAP shows a small growth in Revenue. In the last year, the Revenue has grown by 1.89%.
DAP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.92% yearly.
EPS 1Y (TTM)-2.84%
EPS 3Y-9.37%
EPS 5Y9.77%
EPS Q2Q%4.65%
Revenue 1Y (TTM)1.89%
Revenue growth 3Y-1.26%
Revenue growth 5Y5.92%
Sales Q2Q%3.36%
3.2 Future
Based on estimates for the next years, DAP will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.96% on average per year.
The Revenue is expected to grow by 5.96% on average over the next years.
EPS Next Y3.94%
EPS Next 2Y7.54%
EPS Next 3Y8.61%
EPS Next 5Y8.96%
Revenue Next Year3.01%
Revenue Next 2Y4.72%
Revenue Next 3Y5.61%
Revenue Next 5Y5.96%
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 stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 27.56, DAP can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as DAP.
The average S&P500 Price/Earnings ratio is at 27.91. DAP is around the same levels.
Based on the Price/Forward Earnings ratio of 23.95, the valuation of DAP can be described as rather expensive.
DAP's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 37.11, DAP is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.56 | ||
| Fwd PE | 23.95 |
4.2 Price Multiples
DAP's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of DAP is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.54 | ||
| EV/EBITDA | 22.54 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of DAP may justify a higher PE ratio.
PEG (NY)6.99
PEG (5Y)2.82
EPS Next 2Y7.54%
EPS Next 3Y8.61%
5. Dividend
5.1 Amount
DAP has a yearly dividend return of 0.63%, which is pretty low.
DAP's Dividend Yield is a higher than the industry average which is at 0.69.
Compared to an average S&P500 Dividend Yield of 2.32, DAP's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.63% |
5.2 History
The dividend of DAP is nicely growing with an annual growth rate of 6.91%!
Dividend Growth(5Y)6.91%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
23.85% of the earnings are spent on dividend by DAP. This is a low number and sustainable payout ratio.
DAP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP23.85%
EPS Next 2Y7.54%
EPS Next 3Y8.61%
FRA:DAP (7/29/2025, 7:00:00 PM)
178.02
+2.28 (+1.3%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryLife Sciences Tools & Services
Earnings (Last)
Earnings (Next)
Inst Owners82.15%
Inst Owner ChangeN/A
Ins Owners10.83%
Ins Owner ChangeN/A
Market Cap127.40B
Analysts85.16
Price Target218.45 (22.71%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.63% |
Yearly Dividend0.9
Dividend Growth(5Y)6.91%
DP23.85%
Div Incr Years5
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.86%
Min EPS beat(2)8.42%
Max EPS beat(2)13.3%
EPS beat(4)3
Avg EPS beat(4)6.93%
Min EPS beat(4)-1.93%
Max EPS beat(4)13.3%
EPS beat(8)7
Avg EPS beat(8)7.86%
EPS beat(12)11
Avg EPS beat(12)7.64%
EPS beat(16)15
Avg EPS beat(16)7.84%
Revenue beat(2)2
Avg Revenue beat(2)1.19%
Min Revenue beat(2)0.68%
Max Revenue beat(2)1.7%
Revenue beat(4)4
Avg Revenue beat(4)1.45%
Min Revenue beat(4)0.66%
Max Revenue beat(4)2.75%
Revenue beat(8)8
Avg Revenue beat(8)1.98%
Revenue beat(12)9
Avg Revenue beat(12)-4.19%
Revenue beat(16)12
Avg Revenue beat(16)-6.15%
PT rev (1m)0.49%
PT rev (3m)-1.8%
EPS NQ rev (1m)-4.26%
EPS NQ rev (3m)-7.84%
EPS NY rev (1m)0.1%
EPS NY rev (3m)0.42%
Revenue NQ rev (1m)0.81%
Revenue NQ rev (3m)1.68%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)0.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.56 | ||
| Fwd PE | 23.95 | ||
| P/S | 6.18 | ||
| P/FCF | 30.54 | ||
| P/OCF | 24.07 | ||
| P/B | 2.84 | ||
| P/tB | N/A | ||
| EV/EBITDA | 22.54 |
EPS(TTM)6.46
EY3.63%
EPS(NY)7.43
Fwd EY4.18%
FCF(TTM)5.83
FCFY3.27%
OCF(TTM)7.4
OCFY4.15%
SpS28.79
BVpS62.75
TBVpS-11.13
PEG (NY)6.99
PEG (5Y)2.82
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.18% | ||
| ROE | 6.52% | ||
| ROCE | 6.35% | ||
| ROIC | 5.32% | ||
| ROICexc | 5.54% | ||
| ROICexgc | 38.86% | ||
| OM | 19.79% | ||
| PM (TTM) | 14.21% | ||
| GM | 59.72% | ||
| FCFM | 20.25% |
ROA(3y)6.35%
ROA(5y)6.24%
ROE(3y)10.31%
ROE(5y)10.73%
ROIC(3y)6.76%
ROIC(5y)6.52%
ROICexc(3y)7.22%
ROICexc(5y)6.94%
ROICexgc(3y)54.83%
ROICexgc(5y)57.37%
ROCE(3y)8.07%
ROCE(5y)7.78%
ROICexcg growth 3Y-10.53%
ROICexcg growth 5Y-4.54%
ROICexc growth 3Y-4.88%
ROICexc growth 5Y-2.88%
OM growth 3Y-5.38%
OM growth 5Y3.63%
PM growth 3Y-13.55%
PM growth 5Y-0.1%
GM growth 3Y-1.01%
GM growth 5Y1.35%
F-Score7
Asset Turnover0.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 3.57 | ||
| Debt/EBITDA | 2.36 | ||
| Cap/Depr | 54.73% | ||
| Cap/Sales | 5.44% | ||
| Interest Coverage | 13.86 | ||
| Cash Conversion | 86.39% | ||
| Profit Quality | 142.46% | ||
| Current Ratio | 1.62 | ||
| Quick Ratio | 1.22 | ||
| Altman-Z | 4.33 |
F-Score7
WACC10.22%
ROIC/WACC0.52
Cap/Depr(3y)58.29%
Cap/Depr(5y)55.83%
Cap/Sales(3y)5.31%
Cap/Sales(5y)4.94%
Profit Quality(3y)120.48%
Profit Quality(5y)125.69%
High Growth Momentum
Growth
EPS 1Y (TTM)-2.84%
EPS 3Y-9.37%
EPS 5Y9.77%
EPS Q2Q%4.65%
EPS Next Y3.94%
EPS Next 2Y7.54%
EPS Next 3Y8.61%
EPS Next 5Y8.96%
Revenue 1Y (TTM)1.89%
Revenue growth 3Y-1.26%
Revenue growth 5Y5.92%
Sales Q2Q%3.36%
Revenue Next Year3.01%
Revenue Next 2Y4.72%
Revenue Next 3Y5.61%
Revenue Next 5Y5.96%
EBIT growth 1Y-6.03%
EBIT growth 3Y-6.57%
EBIT growth 5Y9.77%
EBIT Next Year11.73%
EBIT Next 3Y9.92%
EBIT Next 5Y10.23%
FCF growth 1Y-32.49%
FCF growth 3Y-9.16%
FCF growth 5Y9.82%
OCF growth 1Y-26.77%
OCF growth 3Y-7.16%
OCF growth 5Y11.1%