DCF Tool


Envista Holdings Corp – Dental Equipment and Supplies Manufacturing
we know that dental professionals do more than create healthy, beautiful smiles—they create confidence. to achieve their goals, they need a champion. they need someone who will be there for them, side by side and end to end. at envista, we are uniquely positioned to be this champion. our differentiated combination of continuous improvement, a bias toward action and innovation, and a deep respect for the professionals we serve embolden us to champion dental professionals like no one else can. our comprehensive product portfolio covers an estimated 90% of dentists’ clinical needs for diagnosing, treating and preventing dental conditions as well as improving the aesthetics of the human smile. we believe true champions lift each other up, and we are looking for new champions to join our team. if you believe, champions do more than win, they stand for something bigger, you can build a meaningful career at envista. if you believe champions work to be their best, help others be theirs, sho
Analysis Results
Intrinsic Value $96.98
Latest Price $27.99
Relative Value 71% undervalued
Thoughts on this result? Let us know.
Cash Flow (Billions)
Analysis Parameters
New Ticker
Analysis Details
Growth Rate Projection

An exponential growth model was fit to the past cash flow data, giving more weight to more recent years. This model determined a growth rate estimate of 17.6%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 7.6%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 17.6%, the cash flows for the next 5 years are projected.

The present value of each year's flow is adjusted to present value using the discount rate.

Year Future flow (billion) Present value (billion)
2023 0.569 0.528
2024 0.669 0.578
2025 0.787 0.631
2026 0.925 0.69
2027 1.09 0.754
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 19.7 billion. This corresponds to a present value of 12.7 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 3.18 billion. Adding in the terminal value gives a total present value of 15.9 billion.

There are presently 164.0 million outstanding shares, so the intrinsic value per share is 96.98.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 1,424,600,000
Current Cash 606,900,000
Current Liabilities 1,236,700,000
Current Debt 510,000,000
Non-Cash Working Capital (NCWC) 91,000,000
Change in NCWC 104,600,000
EBIT 319,200,000
Tax Provision 45,900,000
Depreciation and Amortization 162,100,000
Capital Expenditure -75,700,000
Unlevered Free Cash Flow 458,592,814
Current Assets 1,835,800,000
Current Cash 1,073,600,000
Current Liabilities 1,208,200,000
Current Debt 432,400,000
Non-Cash Working Capital (NCWC) -13,600,000
Change in NCWC 82,700,000
EBIT 306,200,000
Tax Provision -9,000,000
Depreciation and Amortization 151,900,000
Capital Expenditure -54,700,000
Unlevered Free Cash Flow 486,100,000
Current Assets 1,590,500,000
Current Cash 888,900,000
Current Liabilities 1,684,700,000
Current Debt 886,800,000
Non-Cash Working Capital (NCWC) -96,300,000
Change in NCWC -181,700,000
EBIT 33,300,000
Tax Provision -63,400,000
Depreciation and Amortization 163,100,000
Capital Expenditure -47,700,000
Unlevered Free Cash Flow -33,000,000
Current Assets 1,001,900,000
Current Cash 211,200,000
Current Liabilities 709,200,000
Current Debt 3,900,000
Non-Cash Working Capital (NCWC) 85,400,000
Change in NCWC -60,400,000
EBIT 277,500,000
Tax Provision 57,900,000
Depreciation and Amortization 168,100,000
Capital Expenditure -77,800,000
Unlevered Free Cash Flow 249,079,673
Current Assets 786,800,000
Current Cash 0
Current Liabilities 641,000,000
Current Debt 0
Non-Cash Working Capital (NCWC) 145,800,000
Change in NCWC -20,500,000
EBIT 298,400,000
Tax Provision 66,700,000
Depreciation and Amortization 130,000,000
Capital Expenditure -72,200,000
Unlevered Free Cash Flow 266,083,770

This analysis is provided for informational purposes only and does not constitute financial or investing advice. For more information on the advantages and limitations of DCF analysis see background. This information is provided on an "as is" basis. No warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability or usefulness of any information. By using this site you agree that under no circumstances shall Valuation Tools LLC be held liable for any loss or damage caused by information obtained from this website including any articles, data, videos, its social media accounts, or any other materials.