Danaher Stock Z Score

DHR Stock

USD 236.08 0.57 0.24%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Danaher Piotroski F Score and Danaher Valuation analysis.

To learn how to invest in Danaher Stock, please use our How to Invest in Danaher guide.

At this time, Danaher's Additional Paid In Capital is relatively stable compared to the past year. As of 04/23/2024, Net Working Capital is likely to grow to about 7.5 B, while Net Invested Capital is likely to drop slightly above 60.8 B. At this time, Danaher's Cost Of Revenue is relatively stable compared to the past year. As of 04/23/2024, Total Operating Expenses is likely to grow to about 9.3 B, while Other Operating Expenses is likely to drop slightly above 8.6 B.

Danaher Company Z Score Analysis

Danaher's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Danaher Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Danaher is extremely important. It helps to project a fair market value of Danaher Stock properly, considering its historical fundamentals such as Z Score. Since Danaher's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Danaher's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Danaher's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock	Long Term Debt	Good Will	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.98	0.8	0.96	0.81	0.96	0.71	0.37	0.97	0.6	0.66	0.9	0.98	0.95	0.52	-0.72	0.86	0.87	-0.79	0.34	0.46	0.88	0.44	0.55
Total Stockholder Equity	0.98		0.75	0.99	0.79	0.88	0.65	0.41	0.94	0.53	0.62	0.81	0.97	0.98	0.54	-0.62	0.77	0.86	-0.77	0.37	0.39	0.89	0.36	0.42
Net Debt	0.8	0.75		0.73	0.65	0.81	0.22	0.4	0.91	0.53	0.48	0.74	0.88	0.79	0.51	-0.95	0.71	0.7	-0.58	0.39	0.01	0.67	-0.01	0.51
Retained Earnings	0.96	0.99	0.73		0.81	0.85	0.64	0.46	0.92	0.54	0.64	0.77	0.96	0.97	0.46	-0.59	0.73	0.83	-0.78	0.42	0.36	0.83	0.34	0.32
Net Receivables	0.81	0.79	0.65	0.81		0.78	0.54	0.18	0.77	0.88	0.85	0.64	0.81	0.8	0.21	-0.59	0.57	0.63	-0.58	0.15	0.15	0.54	0.15	0.4
Total Liab	0.96	0.88	0.81	0.85	0.78		0.74	0.3	0.93	0.64	0.67	0.97	0.92	0.84	0.45	-0.8	0.93	0.83	-0.77	0.27	0.53	0.8	0.52	0.68
Total Current Assets	0.71	0.65	0.22	0.64	0.54	0.74		0.11	0.53	0.4	0.53	0.78	0.56	0.54	0.21	-0.22	0.74	0.62	-0.62	0.08	0.91	0.63	0.9	0.49
Short Term Debt	0.37	0.41	0.4	0.46	0.18	0.3	0.11		0.38	-0.1	0.16	0.21	0.43	0.48	-0.02	-0.25	0.2	0.28	-0.26	1.0	0.07	0.29	0.04	-0.29
Intangible Assets	0.97	0.94	0.91	0.92	0.77	0.93	0.53	0.38		0.58	0.6	0.86	0.99	0.93	0.59	-0.84	0.82	0.86	-0.77	0.35	0.27	0.86	0.25	0.58
Accounts Payable	0.6	0.53	0.53	0.54	0.88	0.64	0.4	-0.1	0.58		0.86	0.52	0.58	0.52	0.23	-0.56	0.52	0.55	-0.43	-0.1	0.05	0.39	0.03	0.54
Common Stock	0.66	0.62	0.48	0.64	0.85	0.67	0.53	0.16	0.6	0.86		0.55	0.63	0.61	0.07	-0.46	0.58	0.64	-0.53	0.14	0.24	0.42	0.19	0.33
Long Term Debt	0.9	0.81	0.74	0.77	0.64	0.97	0.78	0.21	0.86	0.52	0.55		0.85	0.74	0.49	-0.76	0.97	0.81	-0.76	0.19	0.65	0.81	0.64	0.74
Good Will	0.98	0.97	0.88	0.96	0.81	0.92	0.56	0.43	0.99	0.58	0.63	0.85		0.97	0.53	-0.77	0.81	0.85	-0.78	0.39	0.3	0.85	0.28	0.48
Property Plant Equipment	0.95	0.98	0.79	0.97	0.8	0.84	0.54	0.48	0.93	0.52	0.61	0.74	0.97		0.5	-0.63	0.7	0.81	-0.66	0.44	0.26	0.84	0.23	0.32
Current Deferred Revenue	0.52	0.54	0.51	0.46	0.21	0.45	0.21	-0.02	0.59	0.23	0.07	0.49	0.53	0.5		-0.44	0.57	0.72	-0.33	-0.04	0.15	0.82	0.11	0.58
Net Tangible Assets	-0.72	-0.62	-0.95	-0.59	-0.59	-0.8	-0.22	-0.25	-0.84	-0.56	-0.46	-0.76	-0.77	-0.63	-0.44		-0.73	-0.62	0.59	-0.24	-0.04	-0.57	-0.02	-0.67
Long Term Debt Total	0.86	0.77	0.71	0.73	0.57	0.93	0.74	0.2	0.82	0.52	0.58	0.97	0.81	0.7	0.57	-0.73		0.89	-0.73	0.18	0.65	0.84	0.61	0.72
Capital Surpluse	0.87	0.86	0.7	0.83	0.63	0.83	0.62	0.28	0.86	0.55	0.64	0.81	0.85	0.81	0.72	-0.62	0.89		-0.72	0.25	0.46	0.93	0.39	0.56
Long Term Investments	-0.79	-0.77	-0.58	-0.78	-0.58	-0.77	-0.62	-0.26	-0.77	-0.43	-0.53	-0.76	-0.78	-0.66	-0.33	0.59	-0.73	-0.72		-0.24	-0.46	-0.64	-0.45	-0.46
Short Long Term Debt	0.34	0.37	0.39	0.42	0.15	0.27	0.08	1.0	0.35	-0.1	0.14	0.19	0.39	0.44	-0.04	-0.24	0.18	0.25	-0.24		0.05	0.25	0.02	-0.3
Cash And Equivalents	0.46	0.39	0.01	0.36	0.15	0.53	0.91	0.07	0.27	0.05	0.24	0.65	0.3	0.26	0.15	-0.04	0.65	0.46	-0.46	0.05		0.49	0.99	0.4
Net Invested Capital	0.88	0.89	0.67	0.83	0.54	0.8	0.63	0.29	0.86	0.39	0.42	0.81	0.85	0.84	0.82	-0.57	0.84	0.93	-0.64	0.25	0.49		0.44	0.57
Net Working Capital	0.44	0.36	-0.01	0.34	0.15	0.52	0.9	0.04	0.25	0.03	0.19	0.64	0.28	0.23	0.11	-0.02	0.61	0.39	-0.45	0.02	0.99	0.44		0.39
Capital Stock	0.55	0.42	0.51	0.32	0.4	0.68	0.49	-0.29	0.58	0.54	0.33	0.74	0.48	0.32	0.58	-0.67	0.72	0.56	-0.46	-0.3	0.4	0.57	0.39

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Danaher

According to the company's disclosures, Danaher has a Z Score of 0.0. This is 100.0% lower than that of the Health Care Equipment & Supplies sector and 100.0% lower than that of the Health Care industry. The z score for all United States stocks is 100.0% higher than that of the company.

Danaher ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Danaher's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Danaher's managers, analysts, and investors.

Environment Score

Governance Score

Social Score

Danaher Institutional Holders

Institutional Holdings refers to the ownership stake in Danaher that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Danaher's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Danaher's value.

		Shares
Bank Of New York Mellon Corp	2023-12-31	8.8 M
Northern Trust Corp	2023-12-31	7.7 M
Norges Bank	2023-12-31	7.6 M
Franklin Resources Inc	2023-12-31	6.6 M
Edgewood Management Llc	2023-12-31	6.4 M
Bank Of America Corp	2023-12-31	6.1 M
Legal & General Group Plc	2023-12-31	5.9 M
Capital Research Global Investors	2023-12-31	5.1 M
Amundi	2023-12-31	5 M
Vanguard Group Inc	2023-12-31	55.9 M
Blackrock Inc	2023-12-31	50.8 M

Danaher Fundamentals

	Return On Equity	0.0815
	Return On Asset	0.0398
	Profit Margin	0.20 %
	Operating Margin	0.21 %
	Current Valuation	187.88 B
	Shares Outstanding	740.54 M
	Shares Owned By Insiders	10.75 %
	Shares Owned By Institutions	81.60 %
	Number Of Shares Shorted	6.35 M
	Price To Earning	29.97 X
	Price To Book	3.32 X
	Price To Sales	7.44 X
	Revenue	14.03 B
	Gross Profit	18.95 B
	EBITDA	5.2 B
	Net Income	4.22 B
	Cash And Equivalents	6 B
	Cash Per Share	7.07 X
	Total Debt	19.54 B
	Debt To Equity	0.43 %
	Current Ratio	1.78 X
	Book Value Per Share	72.36 X
	Cash Flow From Operations	7.16 B
	Short Ratio	2.37 X
	Earnings Per Share	5.65 X
	Price To Earnings To Growth	3.13 X
	Target Price	265.76
	Number Of Employees	61 K
	Beta	0.86
	Market Capitalization	174.41 B
	Total Asset	84.49 B
	Retained Earnings	41.07 B
	Working Capital	5.66 B
	Current Asset	7.84 B
	Current Liabilities	6.17 B
	Annual Yield	0 %
	Five Year Return	0.42 %
	Net Asset	84.49 B
	Last Dividend Paid	1.05

About Danaher Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Danaher's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Danaher using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Danaher based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Danaher Investors Sentiment

The influence of Danaher's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Danaher. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Danaher's public news can be used to forecast risks associated with an investment in Danaher. The trend in average sentiment can be used to explain how an investor holding Danaher can time the market purely based on public headlines and social activities around Danaher. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Danaher's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Danaher's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Danaher's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Danaher.

Danaher Implied Volatility

48.7

Danaher's implied volatility exposes the market's sentiment of Danaher stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Danaher's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Danaher stock will not fluctuate a lot when Danaher's options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Danaher in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Danaher's short interest history, or implied volatility extrapolated from Danaher options trading.

Pair Trading with Danaher

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Danaher position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Danaher will appreciate offsetting losses from the drop in the long position's value.

Moving together with Danaher Stock

0.71

FONR

Fonar

Pair Corr

Moving against Danaher Stock

0.46	SINT	SINTX Technologies	Pair Corr
0.41	GH	Guardant Health Upward Rally	Pair Corr

The ability to find closely correlated positions to Danaher could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danaher when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Danaher - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Danaher to buy it.

The correlation of Danaher is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Danaher moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danaher moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Danaher can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Danaher is a strong investment it is important to analyze Danaher's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Danaher's future performance. For an informed investment choice regarding Danaher Stock, refer to the following important reports:

How To Invest In Danaher

Details

Is Danaher Stock a good investment?

Details

What is Danaher's Net Worth?

Details

Largest Health Care Equipment & Supplies Companies

View

Largest Health Care Equipment & Services Companies

View

Check out Danaher Piotroski F Score and Danaher Valuation analysis.

To learn how to invest in Danaher Stock, please use our How to Invest in Danaher guide.

Note that the Danaher information on this page should be used as a complementary analysis to other Danaher's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Danaher Stock analysis

When running Danaher's price analysis, check to measure Danaher's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Danaher is operating at the current time. Most of Danaher's value examination focuses on studying past and present price action to predict the probability of Danaher's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Danaher's price. Additionally, you may evaluate how the addition of Danaher to your portfolios can decrease your overall portfolio volatility.

	Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital
	Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
	Insider Screener Find insiders across different sectors to evaluate their impact on performance
	Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
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Is Danaher's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Danaher. If investors know Danaher will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Danaher listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.51)

Dividend Share

1.05

Earnings Share

5.65

Revenue Per Share

32.437

Quarterly Revenue Growth

(0.23)

The market value of Danaher is measured differently than its book value, which is the value of Danaher that is recorded on the company's balance sheet. Investors also form their own opinion of Danaher's value that differs from its market value or its book value, called intrinsic value, which is Danaher's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Danaher's market value can be influenced by many factors that don't directly affect Danaher's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Danaher's value and its price as these two are different measures arrived at by different means. Investors typically determine if Danaher is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Danaher's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Danaher Stock Z Score

Danaher Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Danaher Z Score Driver Correlations

Danaher ESG Sustainability

Danaher Institutional Holders

Danaher Fundamentals

About Danaher Fundamental Analysis

Danaher Investors Sentiment

Danaher Implied Volatility

Pair Trading with Danaher

Moving together with Danaher Stock

Moving against Danaher Stock

Complementary Tools for Danaher Stock analysis

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