Stock Analysis on Net

Danaher Corp. (NYSE:DHR)

$24.99

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Danaher Corp., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in millions
Common equity (market value)1
Add: Preferred stock, no par value (per books)
Add: Noncontrolling interests (per books)
Total equity
Add: Notes payable and current portion of long-term debt (per books)
Add: Long-term debt, excluding current portion (per books)
Total equity and debt
Less: Cash and equivalents
Enterprise value (EV)

Based on: 10-K (reporting date: 2024-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Danaher Corp., EV calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Add: Preferred stock, no par value (book value)
Add: Noncontrolling interests (book value)
Total equity
Add: Notes payable and current portion of long-term debt (book value)
Add: Long-term debt, excluding current portion (book value)
Total equity and debt
Less: Cash and equivalents
Enterprise value (EV)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Danaher Corp. Annual Report.

3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


The data reflects the financial position over five consecutive years, focusing on equity, debt, and enterprise value.

Common Equity (Market Value)
The common equity market value increased from 156,158 million US dollars in 2020 to a peak of 187,701 million in 2021. This was followed by a gradual decline over the next three years, reaching 148,624 million by the end of 2024. This indicates a rise in market valuation initially, succeeded by a notable decrease in the latest period.
Total Equity
Total equity exhibited a similar pattern as common equity market value. From 159,437 million in 2020, it rose to 190,979 million in 2021. A decline ensued thereafter, with total equity decreasing to 148,631 million by 2024. This trend suggests that recorded equity assets followed overall market value trends, peaking in 2021 and then receding.
Total Equity and Debt
The sum of total equity and debt increased from 180,641 million in 2020 to 213,155 million in 2021, demonstrating expansion in the company's capital structure. This figure then contracted over the subsequent years, declining to 164,636 million by 2024. The increase and subsequent reduction reflect fluctuations in either debt levels, equity, or both.
Enterprise Value (EV)
Enterprise value experienced growth from 174,606 million in 2020 to 210,569 million in 2021. After this peak, it showed a downward trend, falling to 162,558 million in 2024. This mirrors the trajectory of equity and total capital, indicating a comprehensive value reduction as perceived by the market or due to changes in debt or cash balances.

Overall, the financial data indicates an expansion in market and equity valuation up to 2021, followed by a consistent contraction through 2024. This pattern suggests a possible recalibration of market expectations or operational performance impacting the company's capital structure and valuation measures in recent years.