DENTSPLY SIRONA Inc. (XRAY) DCF Valuation
TGM's two-stage DCF values DENTSPLY SIRONA Inc. (XRAY) between $6.66 and $18.19 depending on assumptions, with a base case of $10.67. Growth is taken from the company's own record (5-year revenue CAGR (FCF growth too volatile to use) (floored at 2%)), fading to 2.5% long-run; the discount rate (8.6%) reflects its beta.
What would today's price require?
$10.09 is justified only if free cash flow grows about +1.3% a year (fading to 2.5% long-run) at a 8.6% required return — about in line with its track record.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 0.5%/yr | 9.6% | $6.66 |
| Base case | 2.0%/yr | 8.6% | $10.67 |
| Optimistic | 5.0%/yr | 7.6% | $18.19 |
Current Price
$10.09
Market-Implied Growth
+1.3%/yr
vs +1.1% 5Y actual
Model Scenario Range
$6.66 – $18.19
model output — not a price target
XRAY DCF Fair Value Calculator
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for XRAY (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.
Base inputs: FCF $254.5M · 0.20B shares · net debt $2.0B
Estimated Fair Value
$10.32
+2.3% vs $10.09
Sensitivity — fair value by discount rate × terminal growth
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 2.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $10.09; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 6.6% | $16.09 | $17.94 | $20.25 | $23.20 | $27.11 |
| 7.6% | $11.74 | $12.91 | $14.31 | $16.02 | $18.14 |
| 8.6% | $8.62 | $9.41 | $10.32 | $11.40 | $12.69 |
| 9.6% | $6.27 | $6.82 | $7.45 | $8.18 | $9.02 |
| 10.6% | $4.44 | $4.84 | $5.29 | $5.80 | $6.38 |
About DENTSPLY SIRONA Inc.
DENTSPLY SIRONA Inc. is a global enterprise specializing in the production and distribution of a diverse range of dental products and advanced technologies, primarily serving the professional dental sector worldwide. Its business operations are structured into two principal divisions: Technologies & Equipment, and Consumables. The Technologies & Equipment division offers an array of sophisticated dental apparatus, including patient treatment units, advanced imaging systems, and powered dental handpieces, designed for both general practitioners and specialized dentists. This segment also encompasses cutting-edge CAD/CAM technologies, facilitating digital dental processes like restorations within dental practices. Furthermore, it provides clear aligner systems, such as the professional-grade SureSmile and options directly for consumers, alongside high-frequency vibration therapy devices and dental implants. Complementing its dental offerings, this division also supplies urology catheters and various other healthcare-related consumables. Conversely, the Consumables division focuses on a wide spectrum of expendable and replenishable items. This includes endodontic supplies vital for root canal treatments, such as specialized drills, files, sealers, and irrigation needles. It also encompasses restorative materials like artificial teeth, dental ceramics, digitally fabricated dentures, precious metal alloys for dentistry, and porcelain for crowns and bridges. Additionally, this segment offers compact dental devices like intraoral curing light systems, diagnostic tools, and ultrasonic scaling and polishing units, alongside a variety of everyday dental care products such as anesthetics, prophylactic pastes, sealants, impression compounds, teeth whitening agents, and topical fluoride applications. Established in 1877, DENTSPLY SIRONA Inc. maintains its corporate headquarters in Charlotte, North Carolina.
- Sector
- Healthcare
- Industry
- Medical - Instruments & Supplies
- CEO
- Daniel T. Scavilla