Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Danaher Corporation
Physical assets are 9.6% of total assets, a light footprint. Capex is 0.47x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 6.0%, below an 8% cost-of-capital hurdle.
Fixed-asset turnover is 4.44x. Compare it with other names in the same basket.
Physical asset ratio
9.6%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
4.44x
Revenue per dollar of the physical asset base.
Capex / D&A
0.47x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-MXN 11.92
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—
Price MXN 4.24K.
Fixed-charge coverage
21.68x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
0.2%
Latest free cash flow divided by current market cap (MXN 2,983.29B).
ROIC
6.0%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.85x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 8.1% | 8.84x | 0.45x | -MXN 13.33 | 19.95x | MXN 3.37B | 7.6% | 1.51x |
| 2019 | 7.6% | 5.84x | 0.53x | -MXN 3.13 | 12.36x | MXN 3.32B | 7.5% | 1.07x |
| 2020 | 8.5% | 5.30x | 0.45x | -MXN 23.80 | 20.12x | MXN 5.42B | 6.2% | 1.01x |
| 2021 | 9.1% | 6.10x | 0.60x | -MXN 26.38 | 35.41x | MXN 7.06B | 9.6% | 1.55x |
| 2022 | 9.6% | 6.35x | 0.52x | -MXN 13.68 | 11.94x | MXN 7.37B | 11.8% | 1.75x |
| 2023 | 8.5% | 5.25x | 0.60x | -MXN 11.99 | 3.12x | MXN 6.78B | 6.6% | 1.14x |
| 2024 | 9.4% | 4.78x | 0.59x | -MXN 13.23 | 7.51x | MXN 5.30B | 6.4% | 0.97x |
| 2025 | 9.6% | 4.44x | 0.47x | -MXN 11.92 | 21.68x | MXN 5.26B | 6.0% | 0.85x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: MXN 5.53B
Inventory: MXN 2.49B
Total assets: MXN 83.46B
Goodwill: MXN 43.15B
Intangibles: MXN 17.82B
Liabilities: MXN 30.92B
Tangible book: -MXN 8.43B
Shares: 706,900,000
Revenue: MXN 24.57B
Capex: MXN 1.16B
D&A: MXN 2.45B
EBITDA: MXN 6.95B
Interest: MXN 265.00M
Short-term debt: MXN 2.00M
Free cash flow: MXN 5.26B
Operating income: MXN 4.69B
Invested capital: MXN 66.34B
Tax rate: 15.0%