Intrinsic value of Roper Technologies - ROP

Previous Close

$276.31

  Intrinsic Value

$294.99

stock screener

  Rating & Target

hold

+7%

Previous close

$276.31

 
Intrinsic value

$294.99

 
Up/down potential

+7%

 
Rating

hold

We calculate the intrinsic value of ROP stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  5.81
  22.80
  21.02
  19.42
  17.98
  16.68
  15.51
  14.46
  13.51
  12.66
  11.90
  11.21
  10.59
  10.03
  9.52
  9.07
  8.66
  8.30
  7.97
  7.67
  7.40
  7.16
  6.95
  6.75
  6.58
  6.42
  6.28
  6.15
  6.04
  5.93
  5.84
Revenue, $m
  3,790
  4,654
  5,632
  6,726
  7,935
  9,259
  10,695
  12,241
  13,895
  15,655
  17,517
  19,480
  21,543
  23,703
  25,960
  28,315
  30,769
  33,322
  35,977
  38,737
  41,606
  44,586
  47,684
  50,904
  54,252
  57,735
  61,360
  65,134
  69,065
  73,161
  77,433
Variable operating expenses, $m
 
  3,121
  3,596
  4,126
  4,712
  5,354
  6,050
  6,800
  7,602
  8,455
  9,358
  9,445
  10,445
  11,492
  12,587
  13,729
  14,918
  16,156
  17,444
  18,782
  20,172
  21,618
  23,120
  24,681
  26,304
  27,993
  29,750
  31,580
  33,486
  35,472
  37,543
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,736
  3,121
  3,596
  4,126
  4,712
  5,354
  6,050
  6,800
  7,602
  8,455
  9,358
  9,445
  10,445
  11,492
  12,587
  13,729
  14,918
  16,156
  17,444
  18,782
  20,172
  21,618
  23,120
  24,681
  26,304
  27,993
  29,750
  31,580
  33,486
  35,472
  37,543
Operating income, $m
  1,054
  1,533
  2,037
  2,600
  3,223
  3,905
  4,645
  5,441
  6,294
  7,200
  8,159
  10,035
  11,098
  12,210
  13,373
  14,587
  15,851
  17,166
  18,534
  19,956
  21,433
  22,969
  24,565
  26,223
  27,948
  29,743
  31,610
  33,554
  35,579
  37,689
  39,890
EBITDA, $m
  1,294
  2,529
  3,061
  3,655
  4,312
  5,031
  5,812
  6,652
  7,551
  8,507
  9,519
  10,586
  11,707
  12,880
  14,107
  15,387
  16,720
  18,108
  19,551
  21,051
  22,609
  24,229
  25,913
  27,662
  29,482
  31,375
  33,344
  35,395
  37,531
  39,757
  42,078
Interest expense (income), $m
  105
  203
  269
  343
  425
  516
  615
  724
  840
  964
  1,097
  1,237
  1,385
  1,540
  1,703
  1,873
  2,050
  2,235
  2,427
  2,627
  2,834
  3,050
  3,275
  3,508
  3,750
  4,002
  4,264
  4,537
  4,821
  5,117
  5,425
Earnings before tax, $m
  941
  1,330
  1,768
  2,258
  2,798
  3,389
  4,029
  4,718
  5,454
  6,236
  7,062
  8,798
  9,713
  10,670
  11,671
  12,714
  13,801
  14,931
  16,107
  17,329
  18,599
  19,919
  21,290
  22,716
  24,198
  25,740
  27,346
  29,017
  30,758
  32,572
  34,464
Tax expense, $m
  282
  359
  477
  610
  756
  915
  1,088
  1,274
  1,472
  1,684
  1,907
  2,376
  2,622
  2,881
  3,151
  3,433
  3,726
  4,031
  4,349
  4,679
  5,022
  5,378
  5,748
  6,133
  6,534
  6,950
  7,383
  7,835
  8,305
  8,794
  9,305
Net income, $m
  659
  971
  1,291
  1,648
  2,043
  2,474
  2,941
  3,444
  3,981
  4,552
  5,156
  6,423
  7,090
  7,789
  8,520
  9,281
  10,075
  10,900
  11,758
  12,650
  13,577
  14,541
  15,542
  16,582
  17,665
  18,791
  19,962
  21,182
  22,453
  23,778
  25,159

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  757
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  14,325
  16,681
  20,188
  24,108
  28,442
  33,185
  38,333
  43,875
  49,805
  56,111
  62,786
  69,822
  77,213
  84,956
  93,047
  101,489
  110,282
  119,434
  128,951
  138,844
  149,125
  159,808
  170,911
  182,452
  194,453
  206,937
  219,928
  233,454
  247,543
  262,226
  277,536
Adjusted assets (=assets-cash), $m
  13,568
  16,681
  20,188
  24,108
  28,442
  33,185
  38,333
  43,875
  49,805
  56,111
  62,786
  69,822
  77,213
  84,956
  93,047
  101,489
  110,282
  119,434
  128,951
  138,844
  149,125
  159,808
  170,911
  182,452
  194,453
  206,937
  219,928
  233,454
  247,543
  262,226
  277,536
Revenue / Adjusted assets
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
  0.279
Average production assets, $m
  3,216
  3,947
  4,776
  5,704
  6,729
  7,851
  9,069
  10,381
  11,783
  13,275
  14,855
  16,519
  18,268
  20,100
  22,014
  24,011
  26,092
  28,257
  30,509
  32,849
  35,282
  37,809
  40,436
  43,167
  46,006
  48,960
  52,033
  55,233
  58,567
  62,041
  65,663
Working capital, $m
  332
  -28
  -34
  -40
  -48
  -56
  -64
  -73
  -83
  -94
  -105
  -117
  -129
  -142
  -156
  -170
  -185
  -200
  -216
  -232
  -250
  -268
  -286
  -305
  -326
  -346
  -368
  -391
  -414
  -439
  -465
Total debt, $m
  6,210
  7,683
  9,787
  12,139
  14,739
  17,585
  20,674
  23,999
  27,557
  31,341
  35,346
  39,567
  44,002
  48,647
  53,502
  58,567
  63,843
  69,334
  75,045
  80,980
  87,149
  93,559
  100,221
  107,145
  114,346
  121,836
  129,631
  137,746
  146,200
  155,010
  164,196
Total liabilities, $m
  8,536
  10,009
  12,113
  14,465
  17,065
  19,911
  23,000
  26,325
  29,883
  33,667
  37,672
  41,893
  46,328
  50,973
  55,828
  60,893
  66,169
  71,660
  77,371
  83,306
  89,475
  95,885
  102,547
  109,471
  116,672
  124,162
  131,957
  140,072
  148,526
  157,336
  166,522
Total equity, $m
  5,789
  6,673
  8,075
  9,643
  11,377
  13,274
  15,333
  17,550
  19,922
  22,444
  25,114
  27,929
  30,885
  33,982
  37,219
  40,595
  44,113
  47,774
  51,580
  55,538
  59,650
  63,923
  68,364
  72,981
  77,781
  82,775
  87,971
  93,382
  99,017
  104,890
  111,014
Total liabilities and equity, $m
  14,325
  16,682
  20,188
  24,108
  28,442
  33,185
  38,333
  43,875
  49,805
  56,111
  62,786
  69,822
  77,213
  84,955
  93,047
  101,488
  110,282
  119,434
  128,951
  138,844
  149,125
  159,808
  170,911
  182,452
  194,453
  206,937
  219,928
  233,454
  247,543
  262,226
  277,536
Debt-to-equity ratio
  1.073
  1.150
  1.210
  1.260
  1.300
  1.320
  1.350
  1.370
  1.380
  1.400
  1.410
  1.420
  1.420
  1.430
  1.440
  1.440
  1.450
  1.450
  1.450
  1.460
  1.460
  1.460
  1.470
  1.470
  1.470
  1.470
  1.470
  1.480
  1.480
  1.480
  1.480
Adjusted equity ratio
  0.371
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400
  0.400

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  659
  971
  1,291
  1,648
  2,043
  2,474
  2,941
  3,444
  3,981
  4,552
  5,156
  6,423
  7,090
  7,789
  8,520
  9,281
  10,075
  10,900
  11,758
  12,650
  13,577
  14,541
  15,542
  16,582
  17,665
  18,791
  19,962
  21,182
  22,453
  23,778
  25,159
Depreciation, amort., depletion, $m
  240
  996
  1,024
  1,055
  1,089
  1,126
  1,167
  1,211
  1,257
  1,307
  1,360
  551
  609
  670
  734
  800
  870
  942
  1,017
  1,095
  1,176
  1,260
  1,348
  1,439
  1,534
  1,632
  1,734
  1,841
  1,952
  2,068
  2,189
Funds from operations, $m
  944
  1,967
  2,315
  2,703
  3,132
  3,600
  4,108
  4,655
  5,239
  5,859
  6,515
  6,973
  7,699
  8,459
  9,253
  10,082
  10,944
  11,842
  12,775
  13,745
  14,753
  15,801
  16,890
  18,021
  19,198
  20,423
  21,697
  23,023
  24,405
  25,846
  27,348
Change in working capital, $m
  -20
  -5
  -6
  -7
  -7
  -8
  -9
  -9
  -10
  -11
  -11
  -12
  -12
  -13
  -14
  -14
  -15
  -15
  -16
  -17
  -17
  -18
  -19
  -19
  -20
  -21
  -22
  -23
  -24
  -25
  -26
Cash from operations, $m
  964
  1,972
  2,320
  2,710
  3,139
  3,608
  4,117
  4,664
  5,249
  5,870
  6,527
  6,985
  7,712
  8,472
  9,267
  10,096
  10,959
  11,857
  12,791
  13,762
  14,771
  15,819
  16,908
  18,041
  19,218
  20,443
  21,718
  23,046
  24,429
  25,870
  27,373
Maintenance CAPEX, $m
  0
  -107
  -132
  -159
  -190
  -224
  -262
  -302
  -346
  -393
  -443
  -495
  -551
  -609
  -670
  -734
  -800
  -870
  -942
  -1,017
  -1,095
  -1,176
  -1,260
  -1,348
  -1,439
  -1,534
  -1,632
  -1,734
  -1,841
  -1,952
  -2,068
New CAPEX, $m
  -40
  -731
  -830
  -927
  -1,025
  -1,122
  -1,218
  -1,311
  -1,403
  -1,492
  -1,579
  -1,665
  -1,749
  -1,832
  -1,914
  -1,997
  -2,081
  -2,165
  -2,252
  -2,341
  -2,432
  -2,528
  -2,627
  -2,731
  -2,839
  -2,954
  -3,074
  -3,200
  -3,333
  -3,474
  -3,622
Cash from investing activities, $m
  -3,753
  -838
  -962
  -1,086
  -1,215
  -1,346
  -1,480
  -1,613
  -1,749
  -1,885
  -2,022
  -2,160
  -2,300
  -2,441
  -2,584
  -2,731
  -2,881
  -3,035
  -3,194
  -3,358
  -3,527
  -3,704
  -3,887
  -4,079
  -4,278
  -4,488
  -4,706
  -4,934
  -5,174
  -5,426
  -5,690
Free cash flow, $m
  -2,789
  1,134
  1,359
  1,623
  1,924
  2,262
  2,637
  3,050
  3,500
  3,985
  4,505
  4,825
  5,412
  6,032
  6,683
  7,365
  8,078
  8,822
  9,598
  10,404
  11,243
  12,115
  13,021
  13,962
  14,940
  15,956
  17,013
  18,111
  19,254
  20,444
  21,683
Issuance/(repayment) of debt, $m
  2,932
  1,874
  2,104
  2,352
  2,600
  2,846
  3,088
  3,326
  3,558
  3,784
  4,005
  4,222
  4,435
  4,645
  4,855
  5,065
  5,276
  5,491
  5,710
  5,936
  6,168
  6,410
  6,662
  6,925
  7,201
  7,490
  7,795
  8,115
  8,453
  8,810
  9,186
Issuance/(repurchase) of shares, $m
  3
  269
  112
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  2,926
  2,143
  2,216
  2,352
  2,600
  2,846
  3,088
  3,326
  3,558
  3,784
  4,005
  4,222
  4,435
  4,645
  4,855
  5,065
  5,276
  5,491
  5,710
  5,936
  6,168
  6,410
  6,662
  6,925
  7,201
  7,490
  7,795
  8,115
  8,453
  8,810
  9,186
Total cash flow (excl. dividends), $m
  100
  3,276
  3,575
  3,975
  4,524
  5,108
  5,726
  6,376
  7,057
  7,769
  8,510
  9,047
  9,847
  10,677
  11,538
  12,430
  13,354
  14,313
  15,308
  16,340
  17,412
  18,525
  19,683
  20,887
  22,141
  23,447
  24,808
  26,227
  27,708
  29,254
  30,869
Retained Cash Flow (-), $m
  -490
  -1,240
  -1,403
  -1,568
  -1,733
  -1,897
  -2,059
  -2,217
  -2,372
  -2,523
  -2,670
  -2,814
  -2,956
  -3,097
  -3,237
  -3,377
  -3,518
  -3,661
  -3,807
  -3,957
  -4,112
  -4,273
  -4,441
  -4,617
  -4,800
  -4,993
  -5,196
  -5,410
  -5,636
  -5,873
  -6,124
Prev. year cash balance distribution, $m
 
  356
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  2,393
  2,172
  2,407
  2,790
  3,211
  3,667
  4,159
  4,686
  5,246
  5,840
  6,233
  6,891
  7,580
  8,301
  9,053
  9,837
  10,653
  11,501
  12,383
  13,299
  14,252
  15,242
  16,271
  17,340
  18,453
  19,611
  20,817
  22,072
  23,381
  24,745
Discount rate, %
 
  7.80
  8.19
  8.60
  9.03
  9.48
  9.95
  10.45
  10.98
  11.52
  12.10
  12.71
  13.34
  14.01
  14.71
  15.44
  16.22
  17.03
  17.88
  18.77
  19.71
  20.70
  21.73
  22.82
  23.96
  25.16
  26.41
  27.73
  29.12
  30.58
  32.11
PV of cash for distribution, $m
 
  2,220
  1,856
  1,879
  1,975
  2,041
  2,075
  2,074
  2,037
  1,966
  1,864
  1,672
  1,533
  1,379
  1,216
  1,050
  888
  736
  596
  471
  364
  274
  201
  144
  100
  68
  44
  28
  17
  10
  6
Current shareholders' claim on cash, %
  100
  99.0
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7
  98.7

Roper Technologies, Inc. is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.

FINANCIAL RATIOS  of  Roper Technologies (ROP)

Valuation Ratios
P/E Ratio 42.6
Price to Sales 7.4
Price to Book 4.9
Price to Tangible Book
Price to Cash Flow 29.1
Price to Free Cash Flow 30.4
Growth Rates
Sales Growth Rate 5.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 11.1%
Cap. Spend. - 3 Yr. Gr. Rate -1.4%
Financial Strength
Quick Ratio 2
Current Ratio 0
LT Debt to Equity 100.3%
Total Debt to Equity 107.3%
Interest Coverage 10
Management Effectiveness
Return On Assets 6%
Ret/ On Assets - 3 Yr. Avg. 7.5%
Return On Total Capital 6.4%
Ret/ On T. Cap. - 3 Yr. Avg. 8.3%
Return On Equity 11.9%
Return On Equity - 3 Yr. Avg. 13.4%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 61.5%
Gross Margin - 3 Yr. Avg. 60.4%
EBITDA Margin 33.9%
EBITDA Margin - 3 Yr. Avg. 34.5%
Operating Margin 27.8%
Oper. Margin - 3 Yr. Avg. 28.2%
Pre-Tax Margin 24.8%
Pre-Tax Margin - 3 Yr. Avg. 26.3%
Net Profit Margin 17.4%
Net Profit Margin - 3 Yr. Avg. 18.3%
Effective Tax Rate 30%
Eff/ Tax Rate - 3 Yr. Avg. 30.1%
Payout Ratio 18.4%

ROP stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ROP stock intrinsic value calculation we used $3790 million for the last fiscal year's total revenue generated by Roper Technologies. The default revenue input number comes from 2016 income statement of Roper Technologies. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ROP stock valuation model: a) initial revenue growth rate of 22.8% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 7.8%, whose default value for ROP is calculated based on our internal credit rating of Roper Technologies, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Roper Technologies.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ROP stock the variable cost ratio is equal to 71.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for ROP stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Roper Technologies.

Corporate tax rate of 27% is the nominal tax rate for Roper Technologies. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ROP stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ROP are equal to 84.8%.

Life of production assets of 43.5 years is the average useful life of capital assets used in Roper Technologies operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ROP is equal to -0.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $5789 million for Roper Technologies - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 103.012 million for Roper Technologies is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Roper Technologies at the current share price and the inputted number of shares is $28.5 billion.

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COMPANY NEWS

▶ Roper Technologies: Nicely Set for 2018   [Feb-05-18 08:19AM  Motley Fool]
▶ Roper Technologies tops 4Q profit forecasts   [07:15AM  Associated Press]
▶ These 3 Stocks Just Raised Their Dividends   [Dec-27-17 08:39AM  Motley Fool]
▶ Stocks Flashing Renewed Technical Strength: Roper Technologies   [Dec-19-17 03:00AM  Investor's Business Daily]
▶ Best move to just keep buying? 5 trades   [Nov-21-17 05:00PM  CNBC Videos]
▶ DAT Joins Trucking-Focused Blockchain Group   [11:58AM  GlobeNewswire]
▶ Crane Shows Rising Relative Price Performance; Still Shy Of Key Threshold   [Oct-25-17 03:00AM  Investor's Business Daily]
▶ Stocks that will give your portfolio a buzz   [Oct-06-17 05:25PM  CNBC Videos]
▶ DAT Solutions Adds 5 TMS Integration Partners   [Oct-03-17 08:16AM  GlobeNewswire]
▶ Roper Technologies Announces Dividend   [Sep-25-17 02:00PM  GlobeNewswire]
▶ Stocks To Watch: Roper Technologies Sees RS Rating Rise To 83   [03:00AM  Investor's Business Daily]
▶ DAT Provides Resources and Funds for Hurricane Relief   [Sep-19-17 01:48PM  GlobeNewswire]
▶ Chemed Getting Closer To Key Technical Measure   [Sep-18-17 03:00AM  Investor's Business Daily]
▶ Dividend Yield of Stanley Black & Decker   [12:42PM  Market Realist]
▶ Roper Technologies Continues Its Transformation   [Aug-01-17 06:54PM  Motley Fool]
▶ Roper Technologies tops 2Q profit forecasts   [Jul-31-17 10:08PM  Associated Press]
▶ Roper Technologies tops 2Q profit forecasts   [07:04AM  Associated Press]
▶ Pity This Industrial CEO's Successor   [10:31AM  Bloomberg]
▶ DAT Solutions Names New Product VP   [Jun-29-17 12:11PM  GlobeNewswire]
▶ 5 Companies Reach 52-Week Highs   [Jun-21-17 01:14PM  GuruFocus.com]
▶ Roper Technologies Announces Dividend   [Jun-12-17 10:30AM  GlobeNewswire]
▶ Roper Technologies To Present At Stifel Investor Conference   [Jun-08-17 11:30AM  GlobeNewswire]
▶ Five Tampa Bay companies make the new Fortune 500 list   [Jun-07-17 02:30PM  American City Business Journals]
Financial statements of ROP
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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