Veralto Corporation (VLTO)

Industry: Industrial - Pollution & Treatment Controls Model: Peers Multiples Valuation

Valuation Snapshot

Ticker	Rank	Name	Rev TTM (M)	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
VLTO	1	Veralto Corporatio	5,452	29.16	29.16	20.51	20.51	21.11	21.69
7004.T	2	Kanadevia Corp	3,947	7.70	5.78	5.73	4.91	-	8.54
6370.T	3	Kurita Water Indus	2,644	24.59	22.78	6.56	5.73	9.49	10.16
FSS	4	Federal Signal Cor	2,055	30.63	25.80	18.64	15.84	19.38	18.82
AQUA	5	Evoqua Water Techn	1,858	79.39	61.15	20.37	17.77	75.56	86.99
0586.HK	6	China Conch Ventur	1,836	3.56	3.66	7.68	5.62	11.32	9.53
ATMU	7	Atmus Filtration T	1,724	18.53	18.53	12.79	12.79	12.38	14.33
MTRS.ST	8	Munters Group AB (	1,665	68.78	67.28	12.05	10.07	15.50	14.75
ZWS	9	Zurn Elkay Water S	1,659	40.78	39.17	22.01	21.94	25.11	30.20
1296.HK	10	Guodian Technology	1,649	-	-	6.42	7.68	11.24	13.12
600388.SS	11	Fujian Longking Co	1,593	19.78	19.36	14.83	13.99	14.60	19.67
6368.T	12	Organo Corporation	1,091	16.47	12.49	11.50	8.89	15.15	9.46
300390.SZ	13	Canmax Technologie	955	-	-	90.20	96.49	40.75	-
6332.T	14	Tsukishima Kikai C	916	7.10	5.40	3.25	2.51	16.90	9.83
603279.SS	15	Jingjin Equipment	799	14.94	13.93	8.43	7.76	14.50	9.09
603408.SS	16	Runner (Xiamen) Co	702	12.63	12.10	11.29	11.34	12.00	11.17

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	16.47	13.93	11.29	8.89	14.55	10.67
Full Range Median Multiple	18.53	18.53	11.50	10.07	14.88	12.15
Industry Multiple	26.53	23.65	16.78	16.22	20.99	18.98
Market Implied Multiple	27.94	27.94	19.68	19.68	20.25	20.81
Company (VLTO) Multiple	29.16	29.16	20.51	20.51	21.11	21.69
(*) Net Income / EBITDA / Revenue	913	913	1,342	1,342	1,304	1,269
Winsorized Enterprise Value	N/A	N/A	15,148	11,929	18,975	13,536
Full Range Median Enterprise Value	N/A	N/A	15,435	13,510	19,398	15,414
(-) Net Debt	897	897	897	897	897	897
Winsorized Equity Value	15,038	12,719	14,251	11,032	18,078	12,639
Full Range Median Equity Value	16,921	16,921	14,538	12,613	18,501	14,517
(/) Shares Outstanding	249	249	249	249	249	249
Winsorized Fair Value	$60.52	$51.18	$57.35	$44.39	$72.75	$50.86
Full Range Median Fair Value	$68.09	$68.09	$58.50	$50.76	$74.45	$58.42
Current Price	$102.67	$102.67	$102.67	$102.67	$102.67	$102.67
Upside / Downside	-41.06%	-50.15%	-44.14%	-56.76%	-29.14%	-50.46%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$42.36	$35.83	$40.14	$31.08	$50.92	$35.60
Buy / Don't Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy