Bruker Corporation

BRKR · Healthcare · Medical Devices · Valued as of 2026-11-03 · Statements 2025-12-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

2.44B USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

1.38B USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

2.44B USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

2.09B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

9.45B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.22×

the ratio the screener ranks by

Margin of Safety

-352.8%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 2.44B USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).

The earnings power value was not computed (a NOPAT at or below zero this year), so the value is the book value today, 2.44B USD.

Market value

Market Cap9.45B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-287.4%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 1.38B USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE752.73M USD
+②Equity at Year 15, Today629.33M USD
=Value1.38B USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment falling to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

752.73M USD

②Equity at Year 15, Today

629.33M USD

Market value

Market Cap9.45B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-583.5%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 2.44B USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).

The projection was not made (a change in working capital above half the operating profit in the latest three years), so the value is the book value today, 2.44B USD, as the screener leaves it.

①Present Value of the 15 Years of FCFF

Not in the value

②Invested Capital at Year 15, Today

Not in the value

③Net Debt Today

Not in the value

Market value

Market Cap9.45B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-287.4%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 10.52%
Cost of Equity =Risk-Free Rate 4.50%+Beta 1.26×Market Risk Premium 6.00%= 12.07%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC 25.00% (default): the statements print a tax provision of 29.33M USD on a pretax income of 22.02M USD, which gives no rate between 0 and the profit before tax, so the 25% default stands for the tax the interest saves.

Interest Expense =EBIT 82.38M USD−Pretax Income 22.02M USD= 60.36M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 60.36M USDTotal Debt 1.83B USD×(1 − Tax Rate for WACC 25.00%)= 2.48%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 1.83B USDMarket Cap + Total Debt 9.45B USD + 1.83B USD= 16.20%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 83.80%×Cost of Equity 12.07%+Debt Weight 16.20%×Cost of Debt 2.48%= 10.52%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 6.06B USD − Total Liabilities 3.62B USD = Book Value Today 2.44B USD

Total Debt 1.83B USD − Cash and Short-Term Investments 222.72M USD = Net Debt Today 1.60B USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 15.0%at most 5%passes152,352,967 / 145,164,826
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets2.4%at least -10.0%passes(134.23M USD − -8.61M USD) ÷ 6.06B USD
Price to bookMarket Cap ÷ Book Value Today3.87×at most 3×does not pass9.45B USD ÷ 2.44B USD
Operating marginOperating Income ÷ Revenue6.9%above 10.0%does not pass236.24M USD ÷ 3.44B USD
Revenue growthRevenue ÷ Revenue a Year Before − 12.1%above 10.0%does not pass3.44B USD / 3.37B USD
Net cash(Cash − Total Debt) ÷ Market Cap-17.4%above -30%passes(185.08M USD − 1.83B USD) ÷ 9.45B USD
Operating efficiencyOperating Income ÷ Gross Profit15.0%above 25.0%does not pass236.24M USD ÷ 1.58B USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

62.00 USD

Enterprise value

11.17B USD

the provider's own figure

EV / EBITDA

20.63×

Price / book

3.96×

the provider's book

Price / earnings

—

Return on equity

-3.0%

the provider's figure, not this page's

Profit margin

-2.0%

Revenue growth

5.2%

Analyst target, mean

62.14 USD

Analysts

12

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD2022202320242025
Income statement

Revenue

2.53B2.97B3.37B3.44B

Gross profit

1.31B1.51B1.65B1.58B

Operating income

462.86M489.59M379.58M236.24M

EBITDA

operating income before depreciation and amortisation

519.22M676.18M439.04M302.90M

Pretax income

414.31M544.74M207.11M22.02M

Net income

296.90M427.63M113.21M-8.61M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

317.98M371.67M211.27M113.33M

R&D

236.14M295.09M376.88M395.60M
Balance sheet, year end

Total assets

3.62B4.25B5.81B6.25B

Total liabilities

2.48B2.84B4.00B3.73B

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

1.11B1.38B1.78B2.46B

Total debt

1.27B1.38B2.25B2.04B

Cash and equivalents

646.15M488.79M183.58M299.10M

Net PP&E

fixed assets after depreciation

538.74M692.09M815.61M911.51M

Working capital

current assets less current liabilities

1.20B963.06M772.67M934.23M
Cash flow

Operating cash flow

274.67M350.45M251.55M134.23M

Capital expenditure

paid out, so below zero

-129.33M-107.01M-115.42M-120.32M

Depreciation and amortisation

88.79M115.01M183.98M220.52M

Free cash flow

operating cash flow plus capital expenditure

145.35M243.44M136.14M13.91M