Market Pulse44Neutral

Danaher CorporationOpportunity Rank #223(DHR) Intrinsic Value & DCF Analysis (2026)

Sector: Healthcare

Current Price

$178.23

Last updated: Jun 23, 2026

Price vs Intrinsic Value

$178.23
Price
$188.28
Intrinsic Value
Undervalued by 6%MOS: $150.62

Fundamental Score

41/100
Bearish

Weighted across 6 signals

Narrative Score

54/100
Weak

No change vs previous

Trend Score

29/100
Weak

As of 2026-06-22

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 $178.23, 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: 7.57%), 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 $178.23, 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: 7.57%), reflecting expected future free cash flow and cost of capital.

Valuation Details

$188.28
5.64% upside
20% margin of safety: $150.62
Years: 10Growth Rate: 4.96%
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Capital Efficiency

Average Quarterly ROIC
1.47%
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

41/100
BearishWeighted across 6 signals
DCF Discount
5.6% discount to price
59
FCF Yield
6.0% 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

54/100
Weak
Vs 6-Month Baseline:Low (19th pct)Weighted across 5 recent drivers
Trend: StableConfidence: 88%Updated: 4h ago
Sources: 39 (27 News · 12 Analyst)
Drivers(last 30 days)
20 news sentiment+0.5
6 regulatory scrutiny-0.1
Analyst downgrades-0.0
Earnings beat+0.0
11 analyst reiterations0.0

Trend Details

29/100
WeakAs of 2026-06-22308 daily bars used
3M Relative Strength vs SPY-20.7%
6M Relative Strength vs SPY-30.8%
21 EMA vs 50 EMA-1.3%
Price vs 21 EMA46 · -0.6%
Price vs 50 EMA41 · -1.8%
21 EMA vs 50 EMA39 · -1.3%
3M RS vs SPY3 · -20.7%
6M RS vs SPY3 · -30.8%
Distance from 52W High47 · -26.4%

Investment Coach

Updating... 12d ago
AVOIDConfidence: 62%
Thesis
Danaher Corporation shows weak fundamentals with a bearish score of 41 and returns trailing its cost of capital, despite a healthy free cash flow yield of 5.8%. The stock is valued close to fair value, suggesting patience is warranted before considering investment.
Key Risk
The primary risk is the company's return on invested capital significantly underperforming its weighted average cost of capital, indicating potential value destruction.
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 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 is a diversified global technology and science company that specializes in developing, manufacturing, and distributing a wide array of professional, medical, industrial, and commercial products and services across the world. The organization is structured into three primary operating segments: Life Sciences, Diagnostics, and Environmental & Applied Solutions. Within the Life Sciences segment, Danaher provides advanced instrumentation and solutions crucial for scientific research and development. This encompasses equipment like mass spectrometers, flow cytometry, genomics, lab automation, centrifugation, particle counting and characterization tools, and microscopes, alongside genomics consumables and technologies vital for Gene and Cell Therapy. Additionally, it delivers bioprocess technologies, consumables, and related services, as well as sophisticated filtration, separation, and purification systems. Its diverse clientele includes pharmaceutical, biopharmaceutical, food and beverage, medical, and life sciences companies, in addition to universities, medical schools, research institutions, and various industrial manufacturers. The Diagnostics segment is dedicated to furnishing essential tools for healthcare. Its offerings range from comprehensive systems for chemistry, immunoassay, microbiology, and automation to products for hematology, molecular, acute care, and pathology diagnostics. This segment equips hospitals, physicians' offices, reference laboratories, and other critical care settings with clinical instruments, reagents, consumables, software, and support services for accurate patient diagnosis and management. The Environmental & Applied Solutions segment addresses a broad spectrum of industrial and resource management requirements. It supplies instrumentation, consumables, software, services, and disinfection systems critical for the analysis, treatment, and management of various water types—including ultra-pure, potable, industrial, waste, ground, source, and ocean water—across residential, commercial, industrial, and natural resource applications. Furthermore, this segment delivers instruments, software, services, and consumables tailored for color and appearance management, packaging design and quality assurance, packaging converting, printing, marking, coding, and traceability applications for consumer, pharmaceutical, and industrial products. Established in 1969, the company was initially known as Diversified Mortgage Investors, Inc., before officially rebranding as Danaher Corporation in 1984. Its corporate headquarters are located in Washington, D.C.

Danaher Corporation (DHR) Intrinsic Value & DCF (2026) | Intrinziq