SYK Stryker Corporation
too hard · 69
Owner-earnings value$246.93
Price$275.43
Margin of safety
-10.3%
Quality gate · 69/100
⚠ sub-hurdle returns (median roic 9% < 9%)
Median ROIC8.7%
Gross margin65.0%
Net debt / EBITDA1.7x
FCF conversion110%
Share count / yr+0.3%
Profitable years4/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 4.13B |
| Owner-earnings yield | 3.9% |
| Free-cash-flow yield | 4.5% |
| Growth used (normalized) | 10.0% |
| Market-implied growth (reverse DCF) | 12.7% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 9.0% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 4.54B | 10.0% | 4.16B |
| 2 | 4.96B | 9.2% | 4.17B |
| 3 | 5.38B | 8.4% | 4.15B |
| 4 | 5.79B | 7.7% | 4.10B |
| 5 | 6.19B | 6.9% | 4.02B |
| 6 | 6.57B | 6.1% | 3.92B |
| 7 | 6.92B | 5.3% | 3.78B |
| 8 | 7.23B | 4.6% | 3.63B |
| 9 | 7.50B | 3.8% | 3.46B |
| 10 | 7.73B | 3.0% | 3.27B |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~13%/yr owner-earnings growth over 10y (reverse DCF); model credits 10%.