Market Pulse50Neutral

Danaher CorporationOpportunity Rank #206(DHR) Intrinsic Value & DCF Analysis (2026)

Sector: Healthcare

Current Price

$190.00

Last updated: Mar 24, 2026

Price vs Intrinsic Value

$190.00
Price
$186.49
Intrinsic Value
Overvalued by 2%MOS: $149.19

Fundamental Score

42/100
Bearish

Weighted across 6 signals

Narrative Score

57/100
Improving

No change vs previous

The intrinsic value of Danaher Corporation (DHR) is estimated at $186.49 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $190.00, the stock appears overvalued relative to its projected cash flow fundamentals. This estimate assumes a 4.96% long-term growth rate and an 8.50% discount rate (calculated: 7.99%), reflecting expected future free cash flow and cost of capital.

The intrinsic value of Danaher Corporation (DHR) is estimated at $186.49 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $190.00, the stock appears overvalued relative to its projected cash flow fundamentals. This estimate assumes a 4.96% long-term growth rate and an 8.50% discount rate (calculated: 7.99%), reflecting expected future free cash flow and cost of capital.

Valuation Details

$186.49
-1.85% downside
20% margin of safety: $149.19
Years: 10Growth Rate: 4.96%
Want to create your own valuation? Create a free account.

Capital Efficiency

Average Quarterly ROIC
1.44%
Cost of Capital (estimated)8%
Value StatusUnderperforming Capital

The company is earning below its required return. This may indicate inefficient use of capital or excess cash that isn't being reinvested.

Complete historical ROIC is available with
.

Fundamental Details

42/100
BearishWeighted across 6 signals
DCF Discount
1.8% premium to price
47
FCF Yield
5.6% trailing FCF yield
91
ROIC vs WACC
ROIC 1.4% vs WACC 8.0% (0.2x)
9
Net Debt / FCF
1.8x net debt to FCF
35
Buybacks
Share count shrinking
80
FCF CAGR (5Y)
1.6% 5Y FCF CAGR
25
Strengths: FCF Yield, Buybacks. Concerns: ROIC vs WACC, Net Debt / FCF.

Narrative Details

57/100
Improving
Vs 6-Month Baseline:Low (10th pct)Weighted across 4 recent drivers
Trend: StableConfidence: 87%Updated: 57m ago
Sources: 78 (74 News · 4 Analyst)
Drivers(last 30 days)
33 regulatory scrutiny+0.5
40 news sentiment+0.2
Earnings beat+0.0
4 analyst reiterations0.0

Investment Coach

Updated 11h ago
AVOIDConfidence: 62%
Thesis
Danaher Corporation shows weak fundamentals with returns trailing its cost of capital despite a healthy free cash flow yield and valuation near fair value, suggesting patience is warranted. The improving narrative score indicates potential for future positive shifts.
Key Risk
The primary risk is the sustained negative spread between ROIC and WACC, which may continue to pressure returns.
Signals To Watch
  • Price moving to at least a mid-teens discount to fair value.
  • Sustained improvement in ROIC versus WACC spread.
  • Meaningful shifts in the narrative trend and score direction.
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 4.96%5 Year CAGR (Adjusted): -2.54%

Free Cash Flow (in millions)

TTM20252024202320222021202020192018201720162015201420132012201120102009200820072006
$7,572$7,572$8,080$8,547$9,671$9,652$6,999$4,587$4,606$4,049$4,111$4,315$4,224$4,123$3,873$2,961$2,302$1,989$2,053$1,808$1,685

How Intrinziq Estimates Fair Value

Intrinziq estimates Danaher Corporation's intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

Danaher CorporationHealthcare

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company operates through three segments: Life Sciences, Diagnostics, and Environmental & Applied Solutions. The Life Sciences segment provides mass spectrometers; flow cytometry, genomics, lab automation, centrifugation, particle counting and characterization; microscopes; genomics consumables; and Gene and Cell Therapy. This segment also offers bioprocess technologies, consumables, and services; and filtration, separation, and purification technologies to the pharmaceutical and biopharmaceutical, food and beverage, medical, and life sciences companies, as well as universities, medical schools and research institutions, and various industrial manufacturers. The Diagnostics segment provides chemistry, immunoassay, microbiology, and automation systems, as well as hematology, molecular, acute care, and pathology diagnostics products. This segment offers clinical instruments, reagents, consumables, software, and services for hospitals, physicians' offices, reference laboratories, and other critical care settings. The Environmental & Applied Solutions segment offers instrumentation, consumables, software, services, and disinfection systems to analyze, treat, and manage ultra-pure, potable, industrial, waste, ground, source, and ocean water in residential, commercial, industrial, and natural resource applications. This segment also provides instruments, software, services, and consumables for various color and appearance management, packaging design and quality management, packaging converting, printing, marking, coding, and traceability applications for consumer, pharmaceutical, and industrial products. The company was formerly known as Diversified Mortgage Investors, Inc. and changed its name to Danaher Corporation in 1984. Danaher Corporation was founded in 1969 and is headquartered in Washington, the District of Columbia.