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FRESENIUS MEDICAL CARE AG (FME.DE) Stock Fundamental Analysis

FRA:FME - Deutsche Boerse Ag - DE0005785802 - Common Stock - Currency: EUR

45.17  +0.42 (+0.94%)

Fundamental Rating

5

FME gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 26 industry peers in the Health Care Providers & Services industry. FME has only an average score on both its financial health and profitability. FME has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

FME had positive earnings in the past year.
In the past year FME had a positive cash flow from operations.
Each year in the past 5 years FME has been profitable.
In the past 5 years FME always reported a positive cash flow from operatings.
FME.DE Yearly Net Income VS EBIT VS OCF VS FCFFME.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

1.2 Ratios

FME has a Return On Assets (1.89%) which is comparable to the rest of the industry.
FME has a Return On Equity (4.30%) which is in line with its industry peers.
FME has a Return On Invested Capital of 3.60%. This is comparable to the rest of the industry: FME outperforms 42.31% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FME is below the industry average of 6.32%.
The last Return On Invested Capital (3.60%) for FME is above the 3 year average (3.14%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 1.89%
ROE 4.3%
ROIC 3.6%
ROA(3y)1.65%
ROA(5y)2.29%
ROE(3y)4.06%
ROE(5y)6.04%
ROIC(3y)3.14%
ROIC(5y)4%
FME.DE Yearly ROA, ROE, ROICFME.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

The Profit Margin of FME (3.17%) is comparable to the rest of the industry.
FME's Profit Margin has declined in the last couple of years.
FME has a Operating Margin (7.17%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of FME has declined.
With a Gross Margin value of 24.45%, FME perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Gross Margin of FME has declined.
Industry RankSector Rank
OM 7.17%
PM (TTM) 3.17%
GM 24.46%
OM growth 3Y-13.44%
OM growth 5Y-12.95%
PM growth 3Y-20.33%
PM growth 5Y-16.53%
GM growth 3Y-3.16%
GM growth 5Y-4.44%
FME.DE Yearly Profit, Operating, Gross MarginsFME.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

5

2. Health

2.1 Basic Checks

FME has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
FME has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, FME has less shares outstanding
FME has a better debt/assets ratio than last year.
FME.DE Yearly Shares OutstandingFME.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
FME.DE Yearly Total Debt VS Total AssetsFME.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

FME has an Altman-Z score of 2.18. This is not the best score and indicates that FME is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.18, FME is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
FME has a debt to FCF ratio of 6.44. This is a slightly negative value and a sign of low solvency as FME would need 6.44 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 6.44, FME is doing good in the industry, outperforming 73.08% of the companies in the same industry.
A Debt/Equity ratio of 0.67 indicates that FME is somewhat dependend on debt financing.
FME has a better Debt to Equity ratio (0.67) than 69.23% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.67
Debt/FCF 6.44
Altman-Z 2.18
ROIC/WACC0.63
WACC5.69%
FME.DE Yearly LT Debt VS Equity VS FCFFME.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

2.3 Liquidity

A Current Ratio of 1.46 indicates that FME should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.46, FME is in the better half of the industry, outperforming 73.08% of the companies in the same industry.
FME has a Quick Ratio of 1.08. This is a normal value and indicates that FME is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.08, FME is doing good in the industry, outperforming 65.38% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.46
Quick Ratio 1.08
FME.DE Yearly Current Assets VS Current LiabilitesFME.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

5

3. Growth

3.1 Past

FME shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.40%, which is quite good.
The Earnings Per Share has been decreasing by -6.43% on average over the past years.
Looking at the last year, FME shows a small growth in Revenue. The Revenue has grown by 0.10% in the last year.
FME shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.04% yearly.
EPS 1Y (TTM)13.4%
EPS 3Y-1.97%
EPS 5Y-6.43%
EPS Q2Q%0%
Revenue 1Y (TTM)0.1%
Revenue growth 3Y3.15%
Revenue growth 5Y2.04%
Sales Q2Q%3.31%

3.2 Future

The Earnings Per Share is expected to grow by 12.89% on average over the next years. This is quite good.
Based on estimates for the next years, FME will show a small growth in Revenue. The Revenue will grow by 3.74% on average per year.
EPS Next Y14.02%
EPS Next 2Y12.14%
EPS Next 3Y13.1%
EPS Next 5Y12.89%
Revenue Next Year2.18%
Revenue Next 2Y2.89%
Revenue Next 3Y3.18%
Revenue Next 5Y3.74%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
FME.DE Yearly Revenue VS EstimatesFME.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 5B 10B 15B 20B 25B
FME.DE Yearly EPS VS EstimatesFME.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2 4 6

5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 13.90, which indicates a correct valuation of FME.
65.38% of the companies in the same industry are more expensive than FME, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.93, FME is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 11.05, the valuation of FME can be described as reasonable.
Based on the Price/Forward Earnings ratio, FME is valued a bit cheaper than 73.08% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 37.78. FME is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 13.9
Fwd PE 11.05
FME.DE Price Earnings VS Forward Price EarningsFME.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, FME is valued a bit more expensive than 69.23% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, FME is valued a bit more expensive than 73.08% of the companies in the same industry.
Industry RankSector Rank
P/FCF 15.77
EV/EBITDA 11.61
FME.DE Per share dataFME.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as FME's earnings are expected to grow with 13.10% in the coming years.
PEG (NY)0.99
PEG (5Y)N/A
EPS Next 2Y12.14%
EPS Next 3Y13.1%

6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.14%, FME has a reasonable but not impressive dividend return.
FME's Dividend Yield is rather good when compared to the industry average which is at 2.80. FME pays more dividend than 80.77% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, FME pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.14%

5.2 History

The dividend of FME has a limited annual growth rate of 0.31%.
Dividend Growth(5Y)0.31%
Div Incr Years1
Div Non Decr Years2
FME.DE Yearly Dividends per shareFME.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

5.3 Sustainability

FME pays out 56.48% of its income as dividend. This is a bit on the high side, but may be sustainable.
FME's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP56.48%
EPS Next 2Y12.14%
EPS Next 3Y13.1%
FME.DE Yearly Income VS Free CF VS DividendFME.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B
FME.DE Dividend Payout.FME.DE Dividend Payout, showing the Payout Ratio.FME.DE Dividend Payout.PayoutRetained Earnings

FRESENIUS MEDICAL CARE AG

FRA:FME (7/29/2025, 5:29:56 PM)

45.17

+0.42 (+0.94%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Earnings (Last)05-06 2025-05-06/bmo
Earnings (Next)08-05 2025-08-05
Inst Owners37.52%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap26.51B
Analysts65.6
Price Target51.5 (14.01%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.14%
Yearly Dividend1.19
Dividend Growth(5Y)0.31%
DP56.48%
Div Incr Years1
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.59%
Min EPS beat(2)15.03%
Max EPS beat(2)24.14%
EPS beat(4)4
Avg EPS beat(4)16.92%
Min EPS beat(4)2.71%
Max EPS beat(4)25.81%
EPS beat(8)7
Avg EPS beat(8)15.65%
EPS beat(12)9
Avg EPS beat(12)11.82%
EPS beat(16)12
Avg EPS beat(16)9%
Revenue beat(2)2
Avg Revenue beat(2)4.39%
Min Revenue beat(2)2.74%
Max Revenue beat(2)6.05%
Revenue beat(4)2
Avg Revenue beat(4)-0.14%
Min Revenue beat(4)-4.95%
Max Revenue beat(4)6.05%
Revenue beat(8)4
Avg Revenue beat(8)-0.03%
Revenue beat(12)5
Avg Revenue beat(12)-0.31%
Revenue beat(16)6
Avg Revenue beat(16)-0.36%
PT rev (1m)1.16%
PT rev (3m)8.16%
EPS NQ rev (1m)7.17%
EPS NQ rev (3m)-5.26%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-1.55%
Revenue NQ rev (3m)-4.83%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.43%
Valuation
Industry RankSector Rank
PE 13.9
Fwd PE 11.05
P/S 1.36
P/FCF 15.77
P/OCF 10.95
P/B 1.84
P/tB N/A
EV/EBITDA 11.61
EPS(TTM)3.25
EY7.2%
EPS(NY)4.09
Fwd EY9.05%
FCF(TTM)2.86
FCFY6.34%
OCF(TTM)4.13
OCFY9.14%
SpS33.22
BVpS24.49
TBVpS-2.72
PEG (NY)0.99
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.89%
ROE 4.3%
ROCE 5.12%
ROIC 3.6%
ROICexc 3.81%
ROICexgc 9.93%
OM 7.17%
PM (TTM) 3.17%
GM 24.46%
FCFM 8.62%
ROA(3y)1.65%
ROA(5y)2.29%
ROE(3y)4.06%
ROE(5y)6.04%
ROIC(3y)3.14%
ROIC(5y)4%
ROICexc(3y)3.31%
ROICexc(5y)4.22%
ROICexgc(3y)8.52%
ROICexgc(5y)10.56%
ROCE(3y)4.51%
ROCE(5y)5.77%
ROICexcg growth 3Y-7.67%
ROICexcg growth 5Y-10.05%
ROICexc growth 3Y-10.35%
ROICexc growth 5Y-11.48%
OM growth 3Y-13.44%
OM growth 5Y-12.95%
PM growth 3Y-20.33%
PM growth 5Y-16.53%
GM growth 3Y-3.16%
GM growth 5Y-4.44%
F-Score6
Asset Turnover0.6
Health
Industry RankSector Rank
Debt/Equity 0.67
Debt/FCF 6.44
Debt/EBITDA 3.18
Cap/Depr 45.59%
Cap/Sales 3.8%
Interest Coverage 3.67
Cash Conversion 80.12%
Profit Quality 271.95%
Current Ratio 1.46
Quick Ratio 1.08
Altman-Z 2.18
F-Score6
WACC5.69%
ROIC/WACC0.63
Cap/Depr(3y)41.32%
Cap/Depr(5y)47.87%
Cap/Sales(3y)3.79%
Cap/Sales(5y)4.49%
Profit Quality(3y)300.36%
Profit Quality(5y)267.36%
High Growth Momentum
Growth
EPS 1Y (TTM)13.4%
EPS 3Y-1.97%
EPS 5Y-6.43%
EPS Q2Q%0%
EPS Next Y14.02%
EPS Next 2Y12.14%
EPS Next 3Y13.1%
EPS Next 5Y12.89%
Revenue 1Y (TTM)0.1%
Revenue growth 3Y3.15%
Revenue growth 5Y2.04%
Sales Q2Q%3.31%
Revenue Next Year2.18%
Revenue Next 2Y2.89%
Revenue Next 3Y3.18%
Revenue Next 5Y3.74%
EBIT growth 1Y8.98%
EBIT growth 3Y-10.72%
EBIT growth 5Y-11.17%
EBIT Next Year100.38%
EBIT Next 3Y31.03%
EBIT Next 5Y18.55%
FCF growth 1Y13.63%
FCF growth 3Y1.25%
FCF growth 5Y3.45%
OCF growth 1Y12.56%
OCF growth 3Y-1.4%
OCF growth 5Y-1.45%