Veralto Corporation

Veralto Corporation

VLTO·NYSE

$84.67

+2.7%
IndustrialsIndustrial - Pollution & Treatment Controls

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 digital 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.

At a Glance

Live Snapshot
Market Cap$20.79B
EPS3.7900
P/E Ratio22.34
Earnings Date07/23/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

High confidence

Valuation multiple is mid-range (P/E 22.3).

Valuation inputs: P/E 22.3, earnings yield +4.5%, momentum +2.7%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is strong (ROE +30.3%, ROIC +16.2%).

Profitability stack: net margin +17.1%, ROE +30.3%, ROIC +16.2%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile looks controlled across current risk inputs.

Risk factors: liabilities/assets +59.6%, momentum +2.7%, net margin +17.1%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

vlto

Veralto Corporation Market vs Earnings Trajectory

VLTO · NYSE
Current Price
$84.67
EPS (TTM)
$3.90

Performance Analysis

EPS Growth

+8.0%

Positive earnings growth shows the company is improving its profitability over time.

Price-EPS Relationship

Divergent

Earnings are growing but price is falling—potential undervaluation opportunity if growth continues.

Stock Price Change

-14.4%

Over the 1Y period, stock price has decreased by 14.4%.

P/E Ratio (TTM)

22.3x

Moderate P/E ratio suggests fair market valuation relative to earnings.

Veralto Corporation

Veralto Corporation Fair Value Envelope

VLTO · NYSE

Our analysis suggests that VLTO has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $84.67, this represents a potential HIDDEN relative to our calculated worth for Veralto Corporation.

Intrinsic Value
Current Price: $84.67
3Y+10.0%
5Y+29.0%
10Y+29.0%
3Y+13.0%
5Y+27.0%
10Y+27.0%
3Y+11.0%
5Y+30.0%
10Y+30.0%
3Y+24.0%
5Y+8.0%
10Y+8.0%
3Y+21.0%
5Y+5.0%
10Y+5.0%
3Y+59.0%
5Y+59.0%
10Y+59.0%
Veralto Corporation

Veralto Corporation Profit Bridge

VLTO · NYSE
Revenue5.50B
Cost of Goods Sold (2.20B)
Gross Profit3.30B
Operating Expenses (2.02B)
Operating Income1.28B
Interest Expense (96.00M)
Other Income/Expense-104.00M
Pretax Income1.17B
Income Tax (233.00M)
Net Income940.00M
Net Income
940.00M

Profitability Analysis

Gross Margin

59.9%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

23.2%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

17.1%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

19.9%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

59.95%
Gross Profit Margin
3Y+5.0%
5Y+4.0%
10Y+4.0%
23.21%
Operating Profit Margin
3Y+2.0%
5Y+6.0%
10Y+6.0%
17.08%
Net Profit Margin
6%
3Y-2.0%
5Y+3.0%
10Y+3.0%
30.26%
Return on Equity
-26%
3Y+16.0%
5Y-
10Y-
12.22%
Return on Assets
-6%
3Y-30.0%
5Y-
10Y-
16.15%
Return on Invested Capital
-9%
3Y-29.0%
5Y-
10Y-
VLTO

Veralto Corporation Cash Conversion Engine

VLTO · NYSE
Net Income940.00M
Depreciation & Amortization78.00M
Stock-Based Compensation74.00M
Change in Working Capital-27.00M
Others12.00M
Capital Expenditures-63.00M
Free Cash Flow1.01B

Cash Flow Quality Analysis

FCF Conversion Rate

107.9%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

5.8%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+23.7%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$27.00M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

vlto

Veralto Corporation Funding & Solvency Profile

VLTO · NYSE
Cash & Cash Equivalents1.43B
Net Receivables922.00M
Inventory332.00M
Other Current Assets259.00M
Total Current Assets3 B
Property, Plant & Equipment297.00M
Goodwill & Intangible Assets3.79B
Long-Term Investments0.00
Other Non-Current Assets620.00M
Total Non-Current Assets917 M
Total Assets
7.65B

Financial Health Analysis

Current Ratio

1.48x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

1.55x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

960 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

38% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

vlto

Veralto Corporation Street Expectations Map

VLTO · NYSE

Wall Street analysts project that VLTO stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 106.14, with estimates ranging from a low of 102.00 to a high of 113.00.

Lowest Target
102.00
20.47%
Consensus Target
106.14
25.36%
Highest Target
113.00
33.46%

The consensus 1-year price target stands at 106.14, with estimates ranging from a low of 102.00 to a high of 113.00.

Analyst Consensus Analysis

Upside Potential

+25.4%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

10.4% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

vlto

Veralto Corporation Insider Positioning

VLTO · NYSE

During the last 12 months, insiders have sold $1.95M worth of VLTO shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

300

26.46K

Net Activity

-26K

-$26K

3-6 Months

Bought

0

0.00

Sold

7.1K

686.34K

Net Activity

-686K

-$686K

6-9 Months

Bought

0

0.00

Sold

1.0K

101.73K

Net Activity

-102K

-$102K

9-12 Months

Bought

0

0.00

Sold

10.6K

1.13M

Net Activity

-1.1M

-$1.13M

Top Buyers

No buying activity

Top Sellers

1
HJ

Honeycutt Jennifer

Director, Officer: President And Ceo

10.6K shares1 transactions

$1.13M

2
KM

Kapity Melissa

Officer: Svp, Water Quality

7.1K shares1 transactions

$686K

3
BM

Bystrom Mattias

Officer: Svp, Pqi

1.0K shares1 transactions

$102K

4
SBM

Skeete Bernard M

Officer: Chief Accounting Officer

300 shares1 transactions

$26K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $1.95M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$26K

Heavy recent selling activity. Recent insider sales notably exceed purchases—may warrant investigation into company developments.

Insider Participation

High Selling

4 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.

0.15%
Dividend Yield
35%
3Y-
5Y-
10Y-
 

vlto Dividend History

VLTO
10Y CAGR +4%
Latest $0.13
Annual $0.61
5 year growth trend
Last Period: +0%