DCI
Donaldson Company Inc
NYSE: DCI · INDUSTRIALS · SPECIALTY INDUSTRIAL MACHINERY
$85.59
-0.48% today
Updated 2026-06-05
Market cap
$10.01B
P/E ratio
23.29
P/S ratio
2.63x
EPS (TTM)
$3.71
Dividend yield
1.46%
52W range
$67 – $113
Volume
0.6M
Donaldson Company Inc (DCI) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed DCI price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$85.59
Today
Analyst consensus
$100.20
+17.07% · 12M
2030 Base
$55.28
-35.41% future
NPV today
$35.62
@ 10% WACC
10 analysts:
2 Buy3 Hold1 Sell
Management guidance
CEO Tod Carpenter (transitioning to Richard Lewis) provided FY2026 guidance of 1-5% sales increase, implying revenue of $3.73B-$3.87B. Management expects 'durable growth opportunities' from the Facet Filtration acquisition ($108M revenue, $41M EBITDA in 2025) and strength across Mobile Solutions, Industrial Solutions, and Life Sciences segments despite on-road weakness.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
DCI · Donaldson Company Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$55.28
NPV today: $35.62
Base case (2030)
$55.28
NPV today: $35.62
Bull case (2030)
$148.97
NPV today: $96.00
WallStSmart.com
DCI financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $3.7B | $4.0B | $4.3B | $4.7B | $5.1B | $5.5B |
| Revenue growth | 2.9% | 7.0% | 9.1% | 9.3% | 8.0% | 7.8% |
| Net margin | — | 12.2% | 12.5% | 12.5% | 12.5% | 12.5% |
| EPS | $0.94 | $4.15 | $4.62 | $5.05 | $5.45 | $5.86 |
| Diluted shares | — | 116M | 116M | 117M | 117M | 117M |
| Net debt | — | $220.04M | $-45.38M | $-335.44M | $-648.59M | $-986.07M |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $32.14 | $37.46 | $43.30 | $49.11 | $55.28 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $5.5B | $5.5B | $5.5B |
| P/S multiple | 1.0x | 1.0x | 3.0x |
| Diluted shares | 117M | 117M | 117M |
| Net debt | $-986.07M | $-986.07M | $-986.07M |
| Implied P/E † | 9x | 9x | 25x |
| 2030 Price | $55.28 | $55.28 | $148.97 |
| NPV @ 10% | $35.62 | $35.62 | $96.00 |
† Implied P/E: Multiples remain elevated across all three scenarios because DCI is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $55.28 base case
DCI catalysts and risks
Growth catalysts
+ Facet Filtration acquisition integration (aerospace, defense, power generation expansion; $820M purchase; $108M revenue + $41M EBITDA accretion expected 2026-2027)
+ Mobile Solutions recovery: increased vehicle utilization, off-road/power generation demand, and new ArmorSeal filtration technology
+ Industrial Solutions growth: strong demand in food & beverage, power generation, and disk drives markets
+ Life Sciences segment expansion and margin recovery as COGS headwinds moderate
+ Potential operating leverage from supply chain normalization and scale benefits post-acquisition
Key risks
- On-road vehicle production decline: global truck production weakness persists, particularly heavy-duty on-road segment
- Facet integration execution: $820M acquisition must deliver promised synergies and high-margin accretion by 2027-2028
- COGS inflation: rising input costs pressuring margins despite revenue growth (profit margin 10.1% flat despite 3.28% TTM revenue growth)
- Valuation compression: forward P/E 18.96x assumes modest growth; any miss could trigger multiple contraction given P/S 2.56 above industry average
- Macro sensitivity: industrial/mobile equipment demand cyclical; GDP slowdown or prolonged weakness in construction/mining could depress demand 2028-2030
Methodology · Donaldson Company Inc 2030 stock forecast model
Donaldson Company Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 10 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for DCI by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-986.07M by 2030) |
| 3. Time value | NPV calculated using 10% WACC (CAPM: beta 0.997) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 3.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
DCI price target FAQ
What is the DCI price target for 2030?
WallStSmart's Donaldson Company Inc 2030 base case is $55.28 per share, with a bull case of $148.97 and bear case of $55.28. The NPV of the base case discounted to today at 10% WACC is $35.62.
How is the Donaldson Company Inc 2030 stock forecast calculated?
The DCI 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the DCI price target account for dilution?
Donaldson Company Inc is projected to grow diluted share count from 116M to 117M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on DCI stock?
10 analysts cover DCI with an average 12-month price target of $100.20. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.