DHR Danaher Corporation
too hard · 62
Owner-earnings value$115.42
Price$229.04
Margin of safety
-49.6%
Quality gate · 62/100
⚠ sub-hurdle returns (median roic 6% < 9%)
Median ROIC6.3%
Gross margin58.5%
Net debt / EBITDA2.0x
FCF conversion122%
Share count / yr-1.0%
Profitable years4/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 5.37B |
| Owner-earnings yield | 3.3% |
| Free-cash-flow yield | 3.4% |
| Growth used (normalized) | 0.0% |
| Market-implied growth (reverse DCF) | 16.6% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 9.0% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 5.37B | 0.0% | 4.92B |
| 2 | 5.38B | 0.3% | 4.53B |
| 3 | 5.42B | 0.7% | 4.19B |
| 4 | 5.47B | 1.0% | 3.88B |
| 5 | 5.55B | 1.3% | 3.61B |
| 6 | 5.64B | 1.7% | 3.36B |
| 7 | 5.75B | 2.0% | 3.15B |
| 8 | 5.89B | 2.3% | 2.95B |
| 9 | 6.04B | 2.7% | 2.78B |
| 10 | 6.22B | 3.0% | 2.63B |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~17%/yr owner-earnings growth over 10y (reverse DCF); model credits 0%.