Market Pulse59Neutral

Danaher CorporationOpportunity Rank #207(DHR) Intrinsic Value & DCF Analysis (2026)

Sector: Healthcare

Current Price

$175.66

Last updated: May 08, 2026

Price vs Intrinsic Value

$175.66
Price
$188.28
Intrinsic Value
Undervalued by 7%MOS: $150.62

Fundamental Score

42/100
Bearish

Weighted across 6 signals

Narrative Score

65/100
Improving

-1 vs previous

Trend Score

14/100
Weak

As of 2026-05-08

The intrinsic value of Danaher Corporation (DHR) is estimated at $188.28 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $175.66, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 4.96% long-term growth rate and an 8.50% discount rate (calculated: 7.58%), reflecting expected future free cash flow and cost of capital.

The intrinsic value of Danaher Corporation (DHR) is estimated at $188.28 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $175.66, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 4.96% long-term growth rate and an 8.50% discount rate (calculated: 7.58%), reflecting expected future free cash flow and cost of capital.

Valuation Details

$188.28
7.18% upside
20% margin of safety: $150.62
Years: 10Growth Rate: 4.96%
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Capital Efficiency

Average Quarterly ROIC
1.48%
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
7.2% discount to price
62
FCF Yield
6.1% trailing FCF yield
100
ROIC vs WACC
ROIC 1.5% vs WACC 8.0% (0.2x)
9
Net Debt / FCF
1.7x net debt to FCF
39
Buybacks
Share count growing
30
FCF CAGR (5Y)
1.6% 5Y FCF CAGR
25
Strengths: FCF Yield. Concerns: ROIC vs WACC, Net Debt / FCF.

Narrative Details

65/100
Improving
-1 vs previousVs 6-Month Baseline:Average (42nd pct)Weighted across 4 recent drivers
Trend: Deteriorating downConfidence: 87%Updated: 15h ago
Sources: 65 (56 News · 9 Analyst)
Drivers(last 30 days)
22 news sentiment+0.7
5 earnings beat+0.5
29 regulatory scrutiny+0.3
9 analyst reiterations0.0

Trend Details

14/100
WeakAs of 2026-05-08311 daily bars used
3M Relative Strength vs SPY-27.8%
6M Relative Strength vs SPY-28.2%
Price vs 50 EMA-10.0%
Price vs 21 EMA19 · -5.6%
Price vs 50 EMA11 · -10.0%
21 EMA vs 50 EMA17 · -4.7%
3M RS vs SPY1 · -27.8%
6M RS vs SPY4 · -28.2%
Distance from 52W High41 · -29.3%

Investment Coach

Updating... 1d ago
WATCHConfidence: 45%
Thesis
Danaher Corporation shows an 11.2% valuation upside despite weak fundamentals and a bearish score of 43, with a supportive but deteriorating narrative score of 67. The company's returns are trailing its estimated cost of capital, indicating potential value if operational improvements occur.
Key Risk
The key risk is the sustained negative spread between ROIC and WACC, which could undermine value creation and investor returns.
Signals To Watch
  • Monitor whether valuation discount remains above 10%.
  • Track ROIC vs WACC spread for sustained improvement.
  • Follow narrative trend for meaningful shifts in the score direction.
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 4.96%5 Year CAGR (Adjusted): -2.52%

Free Cash Flow (in millions)

TTM20252024202320222021202020192018201720162015201420132012201120102009200820072006
$7,587$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.