Veralto Corp

Industrials
Electrical Products
www.veralto.com

Earnings Score
Moat Score
Safety Score

Market Cap $25.15B
PE 29
Debt $2.63B
Cash $1.24B
EV $26.54B
FCF $860.00M

Earnings

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Sales & Net Margins

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Earnings	$874.00M
EBIT	$1.24B
ROE	38%
ROA	19%
FCF	$860.00M
Equity	$2.31B
Growth Stability	98%
PE	28.77
PEG	1.24
PB	10.89
P/FCF	29.24
P/S	4.76
Price/Cash	0.05
Debt/Equity	1.14
Debt/FCF	3.06
Net Margins	17%
Gross Margins	60%
Op. Margins	23%
Earnings CAGR	23%
Sales Growth YoY	7%
Sales Growth QoQ	-1%
Sales CAGR	24%
FCF CAGR	16%
Equity CAGR	-1%
Earnings Stability	-0.73
Earnings Growth YoY	22%
Earnings Growth QoQ	-1%
Earnings CAGR 5Y	23%

Sales CAGR 5Y	24%
FCF CAGR 5Y	16%
Equity CAGR 5Y	-1%
Earnings CAGR 3Y	24%
Sales CAGR 3Y	24%
FCF CAGR 3Y	16%
Equity CAGR 3Y	-1%
Market Cap	$25.15B
Revenue	$5.28B
Dividend Yield	0%
Payout Ratio	11%
Assets	$6.65B
Total Debt	$2.63B
Cash	$1.24B
Shares Outstanding	247.8M
EV	26.54B
Earnings Score	6%
Moat Score	96%
Safety Score	88%
Final Score	64%
Working Capital	1.39B
Current Ratio	2.19
Gross Profit	$3.16B
Shares Growth 3y	-92%
Equity Growth QoQ	13%
Equity Growth YoY	55%

Assets & ROA

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Stockholders Equity & ROE

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Veralto Corporation provides water supply services. The company offers water treatment solutions that sources water to the consumers and back into the water cycle. It also provides printers, instruments, software, services, and consumables for color and appearance management, packaging design and quality management, packaging converting, printing, marking and coding, and traceability applications to food and beverage, consumer packaged goods, pharmaceutical, and industrial products. Veralto Corporation was formerly known as DH EAS Holding Corp. and changed its name to Veralto Corporation on February 22, 2023. The company was incorporated in 2022 and is based in Waltham, Massachusetts. Veralto Corporation operates as a subsidiary of Danaher Corporation.

SEC Filings

Direct access to Veralto Corp (VLTO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Apr 04
2024
- 10-K Dec 31
- 10-Q Sep 27
- 10-Q Jun 28
- 10-Q Mar 29
2023
- 10-K Dec 31
- 10-Q Sep 29

Sector Comparison

How does Veralto Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Veralto Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 23%

Stability -73%

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Veralto Corp Discounted Cash Flow

Fully customizable DCF calculator online for Veralto Corp.

Years

Calculation mode

= $26B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$860M	$995M	$1.2B	$1.3B	$1.5B	$1.8B	$2.1B	$2.4B	$2.8B	$3.2B	$3.7B	$37B
DCF		$905M	$951M	$1B	$1.1B	$1.1B	$1.2B	$1.2B	$1.3B	$1.4B	$1.4B	$14B
Value	$26B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	18%	17%	17%	16%	17%
ROA	-	-	20%	19%	19%
ROE	-	-	60%	41%	38%

Good Net Margins (16.89%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	2.89	3.17	3.06
Debt over Equity	-	0	1.89	1.27	1.14
Growth Stability	-	-	-	98%	98%

Neutral Debt/FCF ratio (3.06)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (1.14)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (98%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	4%	3%	3%	24%
Earnings YoY growth	-	-2%	-1%	-1%	23%
Equity YoY growth	-	-	-57%	47%	-1%
FCF YoY growth	-	-1%	9%	-10%	16%