Veralto Corp (VLTO)
Fair ValueFundamental
65
Price
$94.22
Market Cap
$23.45B
Part 1 · What the company is worth
Overview
Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color solutions worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications under the Hach, Trojan Technologies, ChemTreat, and other brands. This segment also provides water solutions, including chemical reagents, services, and software solutions. The PQI segment offers marking and coding for packaged goods and related consumables; a software solution that provides digital asset management, marketing resource management, and product information management; inline printing solutions for products and packaging with marking and coding systems; design software and imaging systems for the creation of new packaging designs; color management solutions for printed packages and consumer and industrial products; and color standard services for the design industry. This segment sells its products and services through the Videojet, Linx, Esko, X-Rite, and Pantone brands. The company serves industries, such as municipal utilities, food and beverage, pharmaceutical, and industrials. The company was formerly known as DH EAS Holding Corp. and changed its name to Veralto Corporation in February 2023. Veralto Corporation was incorporated in 2022 and is headquartered in Waltham, Massachusetts.
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Direct competitors
Who this company fights with for the same customers
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Balance Sheet & Liquidity
Revenue
$5.59B
Trailing 12 months (through 4/3/2026)
Net Income
$969M
Trailing 12 months (through 4/3/2026)
Free Cash Flow
$1.01B
Total Equity
$3.10B
Total Liabilities
$4.59B
Current Ratio
1.48
Interest Coverage
13.90
Debt/EBITDA
2.12
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$87.35
Current Price
$94.22
Margin of Safety
-7.9%
Fair Value Range
$65.91 - $108.79
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
24.31
ROE
30.3%
P/B Ratio
7.71
P/FCF
22.23
Gross Margin
59.9%
ROIC
18.0%
Profitability Radar
Value Creation (Economic Moat)
ROIC
18.0%
WACC
8.1%
ROIC − WACC
+9.9 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamental Analysis Criteria
Passed (19)
- EPS shows upward trend
- ROIC 18.0%
- Gross Margin 59.9%
- P/FCF 22.23
- Debt/Equity ratio
- Operating Margin 23.1%
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- ROE 32.8%
- Analyst Consensus 65% Buy
- Earnings Surprise avg 4.8%
- Earnings Quality (OCF/NI) 1.14
- Share Dilution 0.2%
- Net Margin Trend 17.3% vs 16.6%
- Piotroski F-Score 6/9
Failed (8)
- EPS CAGR 1.81%
- Price CAGR 4.58%
- P/B Ratio 7.71
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- Revenue Growth 5Y 4.8%
- PEG Ratio 4.76
Unavailable (1)
- Dividend Payout NaN%
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Share count is stable
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Ms. Jennifer L. Honeycutt | President, CEO & Director | 55 |
| Mr. Sameer Ralhan | Senior VP & CFO | 51 |
| Ms. Lesley Beneteau | Senior VP & Chief Human Resources Officer | 52 |
| Mr. Mattias Byström | Chief Segment Officer & Senior VP of Product Quality & Innovation | 51 |
| Ms. Melissa Kapity | Senior VP & Chief Segment Officer- Water Quality | 53 |
| Mr. Bernard M. Skeete | VP & Chief Accounting Officer | 52 |
| Mr. Paxton McVoy | Senior VP & Chief Information Officer | - |
| Mr. Ryan A. Taylor | Vice President of Investor Relations | 49 |
| Ms. Kimberly Y. Chainey | Senior VP & Chief Legal Officer | 49 |
| Mr. Vaneet Malhotra | Senior Vice President of Corporate Development | - |
Audit Risk
8
Board Risk
3
Compensation Risk
2
Shareholder Rights Risk
9
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-20
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-07-29
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-07-28
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for VLTO, sourced from Markets Gazette.