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VRT

Vertiv

3%target weight

Latest available close$237.29-0.9% · vs previous close

DAILY CLOSE · USD2026-10-13Yahoo Finance ↗

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Explore a date

Daily candles, not a live feed. Price series is split-adjusted; total-return mode uses provider-adjusted prices including distributions. The chart does not predict returns.

A great business. At what price?

Test earnings growth against a change in valuation. All multiples below are your assumptions — not current company fundamentals.

Illustrative price CAGR—

CAGR = (1 + EPS growth) × (exit P/E ÷ entry P/E)^(1/years) − 1. Excludes dividends, dilution beyond EPS, taxes and fees. Not a price target. Not suitable for gold, bonds or companies with negative earnings.

RESEARCH ENGINE / 1.2

What must this price deliver?

Inspect reported numbers, test your assumptions and follow the next filing. A calculation is not an approved investment case.

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NORMALIZATION / v1.0.0

Normalization workpaper

A company-specific protocol, not an approved normalized cash flow.

Reported proxy available · normalization pending

Model familyEquity cash-per-share DCF

OCF − cash capex / diluted share4.85 USD

Price / reported cash proxy51.44×

Required adjustment tests

working capital
Normalize working-capital timing; customer advances are not recurring profit.
capex split
Separate maintenance/replacement capex from expansion capex; do not assume either number.
acquisitions
Build a pro-forma organic base and include the full capital paid for acquisitions.

Reported financial base

Annual period: 2025-01-01 → 2025-12-31Filed: 2026-02-13Reporting currency: USDLast source retrieval: 2026-09-18T22:00:49.022Z

Unreviewed extraction

Reported financial base
Metric	Value	Unit	Source
Revenue	10,229,900,000	USD	us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax ↗
Operating income	1,829,700,000	USD	us-gaap:OperatingIncomeLoss ↗
Net income	1,332,800,000	USD	us-gaap:NetIncomeLoss ↗
Operating cash flow	2,113,800,000	USD	us-gaap:NetCashProvidedByUsedInOperatingActivities ↗
Cash capital expenditure	220,000,000	USD	us-gaap:PaymentsToAcquirePropertyPlantAndEquipment ↗
Share-based compensation	45,900,000	USD	us-gaap:ShareBasedCompensation ↗
Weighted diluted shares	390,652,824	shares	us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding ↗
Cash and equivalents	1,728,400,000	USD	us-gaap:CashAndCashEquivalentsAtCarryingValue ↗
Current long-term debt	20,900,000	USD	us-gaap:LongTermDebtCurrent ↗
Noncurrent long-term debt	2,892,100,000	USD	us-gaap:LongTermDebtNoncurrent ↗

OCF − cash capex (not normalized)1,893,800,000 USDNormalized owner cash: not approved

Annual figures, not trailing twelve months. No automatic currency/ADR conversion. Cash proxy excludes review of leases, debt service, SBC, acquisitions and cycle. Missing values are not zero.

Company-specific method

DCF with normalized working capital, maintenance capex and a margin-downside case.

Your scenario · not our forecast

Equity-per-share DCF: do not subtract net debt again. Future dilution must already be included in cash-per-share growth. This does not measure analyst consensus. Replacement capex and sustainable terminal cash still require review.

What changed?

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FUNDAMENTAL RESEARCH · 2026-09-06

The investment case, under examination.

A dated research map, not completed valuations. The 25-company portfolio baseline is unchanged; IBM is monitored at 0% outside it. Public facts do not establish an edge: every hypothesis still needs normalized financials, price-implied expectations and independent forward tests.

Hypothesis · not a trading signal

Q2 2026 · Published 2026-07-29 · Source checked 2026-09-06

01 / What the issuer reported: Sales grew 24%, including 18% organic growth; adjusted operating margin was 22.6%.
02 / Our hypothesis — not established alpha: Higher power density may increase cooling and power content per rack faster than data-center floor area grows.
03 / What to measure next: Organic orders and sales, liquid-cooling adoption, service mix, working capital and warranty expenses.
04 / What would challenge the thesis: Reassess if orders fail to convert or competitive pricing/warranty costs erase the gain in content per rack.
05 / Appropriate valuation method: DCF with normalized working capital, maintenance capex and a margin-downside case.
06 / Still missing: Missing: verified content per rack and margin attribution; quarter cash flow may be timing-sensitive.

No measured consensus gap or approved price target. A familiar good business can still be an expensive stock.

Read the primary source ↗

Issuer-reported figures, not an independent accounting audit. Review after the next report or material filing. These review triggers are proposed, not automatic sell rules. Weights and paper mandates are unchanged.

Why this position exists

Power and thermal management

Rising rack density makes liquid cooling and power trains critical infrastructure.

Principal risk

Execution, supply constraints, competition and valuation compression.

What the daily radar monitors

01Organic ordersPRIMARY KPI

02Liquid cooling mixTREND + GUIDANCE

03Book-to-billTHESIS TRIGGER

Decision rule

A headline never changes a weight by itself. The system verifies the primary source, tests the KPI trend and creates a proposal for the investment committee.