Danaher Corp. (DHR)

Danaher Corp., FCFE calculation

US$ in thousands

	12 months ended	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
	Net earnings
	Net noncash charges
	Change in operating capital
	Net cash provided by operating activities
	Payments for additions to property, plant and equipment
	Proceeds from sales of property, plant and equipment
	Make-whole premiums to redeem borrowings prior to maturity
	Net proceeds from (repayments of) borrowings, maturities of 90 days or less
	Proceeds from borrowings, maturities longer than 90 days
	Repayments of borrowings, maturities longer than 90 days
	Free cash flow to equity (FCFE)

Based on: 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25).

Danaher Corp., current P/FCFE calculation, comparison to benchmarks

No. shares of common stock outstanding
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)
FCFE per share
Current share price (P)
Valuation Ratio
P/FCFE
Benchmarks
P/FCFE, Competitors1
3M Co.
General Electric Co.
Honeywell International Inc.
P/FCFE, Sector
General Industrials
P/FCFE, Industry
Industrials

Based on: 10-K (filing date: 2019-02-21).

If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.

Danaher Corp., historical P/FCFE calculation, comparison to benchmarks

		Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
	No. shares of common stock outstanding1
	Selected Financial Data (US$)
	Free cash flow to equity (FCFE) (in thousands)2
	FCFE per share3
	Share price1, 4
	Valuation Ratio
	P/FCFE5
	Benchmarks
	P/FCFE, Competitors6
	3M Co.
	General Electric Co.
	Honeywell International Inc.
	P/FCFE, Sector
	General Industrials
	P/FCFE, Industry
	Industrials

Based on: 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25).