NYSE · VLTO

Veralto Corporation

Industrials · Industrial - Pollution & Treatment Controls

$93.45▼ 1.34% ($1.27)at close

As of 4:00 PM ET

52-week

$80.03$109.86

Market cap

$22.78B

P/E

What the market price implies · Reverse DCF

To support a price of $93.45, this model requires Stage 1 FCFF to grow by 6.61%/yr over the next 5 years, compounded annually.

Historical FCFF grew by 1.57%/yr over the past 5 years. The required annual growth rate is 5.04 percentage points higher.

Selected forecast · Base scenario

1.57%/yr · Stage 1 default · years 1–5

Annual overrides take precedence over the Stage 1 default.

Market-implied · Other assumptions held fixed

6.61%/yr · Stage 1 · years 1–5

Stage 1 growth is solved while Stage 2 growth, terminal growth, discount inputs, and annual overrides remain fixed. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Cash-flow DCF

Price used

$93.45

Estimated value / share

$73.93

Base scenario

This estimate is 20.89% below the price used.

USD · TTM ending 2026-07-03

Stage 1 1.57% · Stage 2 3.5% · Discount rate 8.28%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future free cash flow, discounted to its value today.

Price timestamp: Sep 10, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-07-03
Data refreshed: Sep 11, 2026, 1:07 AM UTC · provider

Why this method?

FCFF is positive, stable, long-lived, and the business looks mature enough that a direct FCFF DCF can use historical cash flow as the anchor.

Is FCFF positive and has it been for 3+ consecutive years? 6 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 21.3%.

Do you have 5+ years of positive FCFF history? 6 consecutive positive FCFF years are available.

Is the business model structurally similar to what it should be in 10 years? Revenue growth and margin behavior look mature enough for direct FCFF compounding.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: -11.85%Revenue (TTM): 6.23%FCF (TTM): 11.03%P/FCF: 25th pct

What changed

The stock fell 11.85% over the last year. Revenue grew 6.23% over the trailing twelve months. Operating margin moved from 23.33% to 22.74%. Free cash flow grew 11.03% over the trailing twelve months.

What the market seems to be pricing

The stock has moved lower against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.

What would invalidate this read

Operating margin currently stands at 22.74%. A decisive move in revenue — currently up 6.23% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

Veralto Corporation is a global provider specializing in critical solutions across water quality management, brand protection, and packaging aesthetics.

CEOJennifer L. Honeycutt

SectorIndustrials

IndustryIndustrial - Pollution & Treatment Controls

Employees17,000

IPO dateOct 4, 2023

https://www.veralto.com

Market multiples

Forward P/E—

EV/EBITDA18.87

Enterprise value$25.42B

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth7.51%

Gross margin60.18%▲0.2ppvs FY2024

Operating margin22.74%▼0.1ppvs FY2024

ROE34.37%▼2.2ppvs FY2025

Analyst consensus

RatingHold

Target price$110.00▲17.71%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Oct 27, 2026

Q4 FY26 · EPS est $1.09 · Revenue est $1.5B

View

Dividends

$0.50/shareQuarterlySafe

VLTO pays a dividend with a 0.54% dividend yield, covered 9.3× by free cash flow.

Dividend Yield

0.54%

Annual Div / Share

$0.50

CAGR

—

Payout Ratio

12.04%

Safe

Dividend Growth Rate

Dividend Safety

10/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$0.50+19.0%

2025$0.42—

Income Projection

Invest

Growth rate:

Reinvest dividends

Today

$5/yr

$0/mo

In 5 yrs

$5/yr

$0/mo

In 10 yrs

$5/yr

$0/mo

Today	In 5 yrs	In 10 yrs
$5/yr $0/mo	$5/yr $0/mo	$5/yr $0/mo

Analysis

Dividend Strengths

Well-covered by free cash flow

The dividend is covered 9.3× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Risks to Watch

No strong risk signal stands out from the latest period pair.

NYSE · VLTO

Veralto Corporation

Industrials · Industrial - Pollution & Treatment Controls

$93.45▼ 1.34% ($1.27)at close

As of 4:00 PM ET

52-week

$80.03$109.86

Market cap

$22.78B

P/E

What the market price implies · Reverse DCF

To support a price of $93.45, this model requires Stage 1 FCFF to grow by 6.61%/yr over the next 5 years, compounded annually.

Historical FCFF grew by 1.57%/yr over the past 5 years. The required annual growth rate is 5.04 percentage points higher.

Selected forecast · Base scenario

1.57%/yr · Stage 1 default · years 1–5

Annual overrides take precedence over the Stage 1 default.

Market-implied · Other assumptions held fixed

6.61%/yr · Stage 1 · years 1–5

Stage 1 growth is solved while Stage 2 growth, terminal growth, discount inputs, and annual overrides remain fixed. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Cash-flow DCF

Price used

$93.45

Estimated value / share

$73.93

Base scenario

This estimate is 20.89% below the price used.

USD · TTM ending 2026-07-03

Stage 1 1.57% · Stage 2 3.5% · Discount rate 8.28%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future free cash flow, discounted to its value today.

Price timestamp: Sep 10, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-07-03
Data refreshed: Sep 11, 2026, 1:07 AM UTC · provider

Why this method?

FCFF is positive, stable, long-lived, and the business looks mature enough that a direct FCFF DCF can use historical cash flow as the anchor.

Is FCFF positive and has it been for 3+ consecutive years? 6 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 21.3%.

Do you have 5+ years of positive FCFF history? 6 consecutive positive FCFF years are available.

Is the business model structurally similar to what it should be in 10 years? Revenue growth and margin behavior look mature enough for direct FCFF compounding.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: -11.85%Revenue (TTM): 6.23%FCF (TTM): 11.03%P/FCF: 25th pct

What changed

The stock fell 11.85% over the last year. Revenue grew 6.23% over the trailing twelve months. Operating margin moved from 23.33% to 22.74%. Free cash flow grew 11.03% over the trailing twelve months.

What the market seems to be pricing

What would invalidate this read

Operating margin currently stands at 22.74%. A decisive move in revenue — currently up 6.23% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

Veralto Corporation is a global provider specializing in critical solutions across water quality management, brand protection, and packaging aesthetics.

CEOJennifer L. Honeycutt

SectorIndustrials

IndustryIndustrial - Pollution & Treatment Controls

Employees17,000

IPO dateOct 4, 2023

https://www.veralto.com

Market multiples

Forward P/E—

EV/EBITDA18.87

Enterprise value$25.42B

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth7.51%

Gross margin60.18%▲0.2ppvs FY2024

Operating margin22.74%▼0.1ppvs FY2024

ROE34.37%▼2.2ppvs FY2025

Analyst consensus

RatingHold

Target price$110.00▲17.71%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Oct 27, 2026

Q4 FY26 · EPS est $1.09 · Revenue est $1.5B

View

Dividends

$0.50/shareQuarterlySafe

VLTO pays a dividend with a 0.54% dividend yield, covered 9.3× by free cash flow.

Dividend Yield

0.54%

Annual Div / Share

$0.50

CAGR

—

Payout Ratio

12.04%

Safe

Dividend Growth Rate

Dividend Safety

10/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$0.50+19.0%

2025$0.42—

Income Projection

Invest

Growth rate:

Reinvest dividends

Today

$5/yr

$0/mo

In 5 yrs

$5/yr

$0/mo

In 10 yrs

$5/yr

$0/mo

Today	In 5 yrs	In 10 yrs
$5/yr $0/mo	$5/yr $0/mo	$5/yr $0/mo

Analysis

Dividend Strengths

Well-covered by free cash flow

The dividend is covered 9.3× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Risks to Watch

No strong risk signal stands out from the latest period pair.