Bruker Corporation (BRKR) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-38.9%

$34.38

vs $56.26 price

Levered DCF

$9.74

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.75

Grey zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-314.07×	77.13×	25.16×	34.18×	45.85×	52.55×	40.13×	25.89×
P/B	2.91×	4.9×	7.81×	9.12×	11.87×	8.64×	8.72×	5.14×
P/S	2.08×	2.59×	3.63×	4.01×	5.25×	4.18×	3.82×	2.45×
EV / EBITDA	29.4×	24.62×	17.24×	20.79×	26.22×	26.61×	21.81×	13.73×
Gross margin	45.9%	49.0%	51.0%	51.6%	50.0%	47.3%	48.0%	47.5%
Operating margin	6.9%	7.5%	14.7%	17.1%	17.1%	12.5%	14.5%	13.8%
Net margin	-0.3%	3.4%	14.4%	11.7%	11.5%	7.9%	9.5%	9.5%
Current ratio	1.73×	1.6×	1.8×	2.31×	2.63×	2.43×	2.78×	2.18×
Debt / equity	0.83×	1.26×	1×	1.14×	1.3×	0.95×	0.97×	0.38×
Interest coverage	3.91×	5.28×	26.64×	26.88×	28.9×	17.24×	18.81×	20.83×
Dividend yield	0.3%	0.3%	0.3%	0.3%	0.2%	0.3%	0.3%	0.5%
Payout ratio	-265.1%	26.7%	6.9%	10.0%	8.7%	15.6%	12.7%	14.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-0.4%	6.3%	31.0%	26.6%	25.9%	16.4%	21.7%	19.9%
Return on invested capital	-1.9%	3.1%	10.7%	11.4%	10.4%	7.8%	9.9%	12.5%
Return on assets	-0.1%	1.9%	10.1%	8.2%	7.6%	5.2%	7.1%	8.4%
Free cash flow yield	0.2%	1.6%	2.3%	1.4%	1.5%	2.8%	1.8%	4.1%
Earnings yield	-0.1%	1.3%	4.0%	2.9%	2.2%	1.9%	2.5%	3.9%
Enterprise value	$8.9B	$10.8B	$11.6B	$10.8B	$13B	$8.5B	$8.1B	$4.7B
Net debt / EBITDA	5.76×	4.7×	1.32×	1.2×	0.66×	0.72×	0.54×	0.05×
Cash conversion cycle (days)	251	253	269	271	233	256	219	217