Discounted Cash Flow
Dover Corp.
—
Sales growth has weakened: 7.6% (2022) → -0.8% (2023) → -8.2% (2024) → 4.5% (2025). Revenue growth has been decelerating or declining in recent years and is now 4.5% — a slowing company may not sustain the growth the DCF projects, so the valuation could be overstated.
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
| Dividends | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $8.4b | $626.8m | $858.1m | 7.5% | $3.28 |
| 2017 | $9.6b (15.2%) | $999.6m (59.5%) | $769.5m (-10.3%) | 10.4% (38.4%) | $5.21 (58.8%) |
| 2018 | $8.6b (-10.7%) | $702.3m (-29.7%) | $761.4m (-1.1%) | 8.2% (-21.3%) | $3.80 (-27.1%) |
| 2019 | $8.8b (2.1%) | $834.9m (18.9%) | $934.2m (22.7%) | 9.5% (16.5%) | $4.67 (22.9%) |
| 2020 | $8.2b (-6.3%) | $841.7m (0.8%) | $1.2b (23.8%) | 10.2% (7.6%) | $4.74 (1.5%) |
| 2021 | $9.7b (18.3%) | $1.4b (64.4%) | $1.2b (0.6%) | 14.2% (39.0%) | $7.81 (64.8%) |
| 2022 | $10.5b (7.6%) | $1.3b (-5.2%) | $720.2m (-38.1%) | 12.5% (-11.9%) | $7.47 (-4.4%) |
| 2023 | $10.4b (-0.8%) | $1.3b (-0.8%) | $1.4b (95.6%) | 12.5% (0.0%) | $7.56 (1.2%) |
| 2024 | $9.5b (-8.2%) | $3.3b (155.2%) | $1.1b (-19.5%) | 34.8% (178.0%) | $19.58 (159.0%) |
| 2025 | $10.0b (4.5%) | $1.3b (-59.4%) | $1.4b (21.5%) | 13.5% (-61.2%) | $7.99 (-59.2%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
SEC filings report in CHF. Values above are converted to USD for comparison with the US-listed share price.
Values abbreviated: b = billions, m = millions, k = thousands.
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Net debt deduction: —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.