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DCF Valuation
Base-case fair value
$108.66
Intrinsic $144.88 · 25% MOS
Current price: $220.79
Base-case summary
Our base-case DCF for DOVER Corp (DOV) projects 10 years of free cash flow growth at 3.8% for years 1–5 and 1.9% for years 6–10, anchored to 3.8% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $1.1B in trailing free cash flow, this produces an intrinsic value of $144.88 per share. A 25% safety margin gives a fair value of $108.66, suggesting the stock is currently 51% overvalued against the $220.79 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$1.1B
Cash & equivalents
$1.6B
Total debt
$4.0B
Shares outstanding
136M