SIEMENS HEALTHINEERS AG (SHL.DE) Stock Fundamental Analysis
FRA:SHL • DE000SHL1006
42.06 EUR
-0.33 (-0.78%)
Last: Feb 27, 2026, 11:49 AM
SHL gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 65 industry peers in the Health Care Equipment & Supplies industry. SHL has a medium profitability rating, but doesn't score so well on its financial health evaluation. SHL has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- In the past year SHL was profitable.
- In the past year SHL had a positive cash flow from operations.
- Each year in the past 5 years SHL has been profitable.
- SHL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- SHL's Return On Assets of 4.79% is fine compared to the rest of the industry. SHL outperforms 66.15% of its industry peers.
- SHL has a Return On Equity of 11.50%. This is in the better half of the industry: SHL outperforms 70.77% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 7.88%, SHL is in the better half of the industry, outperforming 64.62% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for SHL is below the industry average of 9.73%.
- The 3 year average ROIC (6.28%) for SHL is below the current ROIC(7.88%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.79% | ||
| ROE | 11.5% | ||
| ROIC | 7.88% |
ROA(3y)4.09%
ROA(5y)4.11%
ROE(3y)10.3%
ROE(5y)10.39%
ROIC(3y)6.28%
ROIC(5y)6.22%
1.3 Margins
- With a decent Profit Margin value of 9.10%, SHL is doing good in the industry, outperforming 64.62% of the companies in the same industry.
- SHL's Profit Margin has been stable in the last couple of years.
- With a decent Operating Margin value of 13.49%, SHL is doing good in the industry, outperforming 61.54% of the companies in the same industry.
- In the last couple of years the Operating Margin of SHL has remained more or less at the same level.
- SHL's Gross Margin of 38.44% is on the low side compared to the rest of the industry. SHL is outperformed by 80.00% of its industry peers.
- In the last couple of years the Gross Margin of SHL has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.49% | ||
| PM (TTM) | 9.1% | ||
| GM | 38.44% |
OM growth 3Y0.16%
OM growth 5Y0.1%
PM growth 3Y-0.76%
PM growth 5Y-1.23%
GM growth 3Y1.02%
GM growth 5Y0.02%
2. Health
2.1 Basic Checks
- SHL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- The number of shares outstanding for SHL has been reduced compared to 1 year ago.
- The number of shares outstanding for SHL has been increased compared to 5 years ago.
- Compared to 1 year ago, SHL has an improved debt to assets ratio.
2.2 Solvency
- SHL has an Altman-Z score of 2.00. This is not the best score and indicates that SHL is in the grey zone with still only limited risk for bankruptcy at the moment.
- SHL has a Altman-Z score of 2.00. This is in the lower half of the industry: SHL underperforms 63.08% of its industry peers.
- SHL has a debt to FCF ratio of 6.56. This is a slightly negative value and a sign of low solvency as SHL would need 6.56 years to pay back of all of its debts.
- SHL's Debt to FCF ratio of 6.56 is in line compared to the rest of the industry. SHL outperforms 47.69% of its industry peers.
- A Debt/Equity ratio of 0.53 indicates that SHL is somewhat dependend on debt financing.
- With a Debt to Equity ratio value of 0.53, SHL is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 6.56 | ||
| Altman-Z | 2 |
ROIC/WACC1.21
WACC6.49%
2.3 Liquidity
- SHL has a Current Ratio of 1.04. This is a normal value and indicates that SHL is financially healthy and should not expect problems in meeting its short term obligations.
- SHL has a Current ratio of 1.04. This is in the lower half of the industry: SHL underperforms 76.92% of its industry peers.
- A Quick Ratio of 0.72 indicates that SHL may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.72, SHL is doing worse than 73.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
- The Earnings Per Share has been growing slightly by 1.33% over the past year.
- The Earnings Per Share has been growing by 11.29% on average over the past years. This is quite good.
- Looking at the last year, SHL shows a small growth in Revenue. The Revenue has grown by 2.76% in the last year.
- Measured over the past years, SHL shows a quite strong growth in Revenue. The Revenue has been growing by 10.08% on average per year.
EPS 1Y (TTM)1.33%
EPS 3Y1.29%
EPS 5Y11.29%
EPS Q2Q%-21.57%
Revenue 1Y (TTM)2.76%
Revenue growth 3Y2.49%
Revenue growth 5Y10.08%
Sales Q2Q%-1.46%
3.2 Future
- SHL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.07% yearly.
- Based on estimates for the next years, SHL will show a small growth in Revenue. The Revenue will grow by 5.41% on average per year.
EPS Next Y-0.73%
EPS Next 2Y5.79%
EPS Next 3Y8.53%
EPS Next 5Y9.07%
Revenue Next Year2.83%
Revenue Next 2Y4.53%
Revenue Next 3Y5.13%
Revenue Next 5Y5.41%
3.3 Evolution
- The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- SHL is valuated rather expensively with a Price/Earnings ratio of 18.45.
- Based on the Price/Earnings ratio, SHL is valued a bit cheaper than 76.92% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.11, SHL is valued a bit cheaper.
- The Price/Forward Earnings ratio is 15.73, which indicates a correct valuation of SHL.
- Based on the Price/Forward Earnings ratio, SHL is valued a bit cheaper than the industry average as 70.77% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 28.13, SHL is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.45 | ||
| Fwd PE | 15.73 |
4.2 Price Multiples
- SHL's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SHL is cheaper than 66.15% of the companies in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of SHL indicates a somewhat cheap valuation: SHL is cheaper than 76.92% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.23 | ||
| EV/EBITDA | 13.41 |
4.3 Compensation for Growth
- The decent profitability rating of SHL may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.63
EPS Next 2Y5.79%
EPS Next 3Y8.53%
5. Dividend
5.1 Amount
- SHL has a Yearly Dividend Yield of 2.48%. Purely for dividend investing, there may be better candidates out there.
- SHL's Dividend Yield is rather good when compared to the industry average which is at 1.14. SHL pays more dividend than 81.54% of the companies in the same industry.
- SHL's Dividend Yield is a higher than the S&P500 average which is at 1.80.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.48% |
5.2 History
- The dividend of SHL has a limited annual growth rate of 4.38%.
Dividend Growth(5Y)4.38%
Div Incr Years0
Div Non Decr Years6
5.3 Sustainability
- 50.31% of the earnings are spent on dividend by SHL. This is a bit on the high side, but may be sustainable.
- The dividend of SHL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP50.31%
EPS Next 2Y5.79%
EPS Next 3Y8.53%
FRA:SHL (2/27/2026, 11:49:39 AM)
42.06
-0.33 (-0.78%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)02-05 2026-02-05/dmh
Earnings (Next)05-07 2026-05-07
Inst Owners12.21%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap47.44B
Revenue(TTM)23.30B
Net Income(TTM)2.12B
Analysts79.29
Price Target56.29 (33.83%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.48% |
Yearly Dividend0.95
Dividend Growth(5Y)4.38%
DP50.31%
Div Incr Years0
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-8.86%
Min EPS beat(2)-13.74%
Max EPS beat(2)-3.98%
EPS beat(4)1
Avg EPS beat(4)-1.6%
Min EPS beat(4)-13.74%
Max EPS beat(4)13.36%
EPS beat(8)4
Avg EPS beat(8)1.31%
EPS beat(12)6
Avg EPS beat(12)0.88%
EPS beat(16)9
Avg EPS beat(16)1.56%
Revenue beat(2)1
Avg Revenue beat(2)-1.97%
Min Revenue beat(2)-4.1%
Max Revenue beat(2)0.15%
Revenue beat(4)2
Avg Revenue beat(4)-1.11%
Min Revenue beat(4)-4.1%
Max Revenue beat(4)0.27%
Revenue beat(8)3
Avg Revenue beat(8)-1.06%
Revenue beat(12)4
Avg Revenue beat(12)-0.67%
Revenue beat(16)7
Avg Revenue beat(16)-0.39%
PT rev (1m)-0.56%
PT rev (3m)-1.61%
EPS NQ rev (1m)-0.84%
EPS NQ rev (3m)-6.18%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.04%
Revenue NQ rev (1m)-0.29%
Revenue NQ rev (3m)-2.51%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.45 | ||
| Fwd PE | 15.73 | ||
| P/S | 2.04 | ||
| P/FCF | 21.23 | ||
| P/OCF | 15.59 | ||
| P/B | 2.57 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.41 |
EPS(TTM)2.28
EY5.42%
EPS(NY)2.67
Fwd EY6.36%
FCF(TTM)1.98
FCFY4.71%
OCF(TTM)2.7
OCFY6.42%
SpS20.65
BVpS16.34
TBVpS-4.52
PEG (NY)N/A
PEG (5Y)1.63
Graham Number28.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.79% | ||
| ROE | 11.5% | ||
| ROCE | 10.26% | ||
| ROIC | 7.88% | ||
| ROICexc | 8.62% | ||
| ROICexgc | 53.82% | ||
| OM | 13.49% | ||
| PM (TTM) | 9.1% | ||
| GM | 38.44% | ||
| FCFM | 9.59% |
ROA(3y)4.09%
ROA(5y)4.11%
ROE(3y)10.3%
ROE(5y)10.39%
ROIC(3y)6.28%
ROIC(5y)6.22%
ROICexc(3y)6.75%
ROICexc(5y)6.62%
ROICexgc(3y)33.94%
ROICexgc(5y)34.43%
ROCE(3y)8.18%
ROCE(5y)8.09%
ROICexgc growth 3Y11.98%
ROICexgc growth 5Y11.06%
ROICexc growth 3Y9.08%
ROICexc growth 5Y-1.26%
OM growth 3Y0.16%
OM growth 5Y0.1%
PM growth 3Y-0.76%
PM growth 5Y-1.23%
GM growth 3Y1.02%
GM growth 5Y0.02%
F-Score7
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 6.56 | ||
| Debt/EBITDA | 2.22 | ||
| Cap/Depr | 62.76% | ||
| Cap/Sales | 3.47% | ||
| Interest Coverage | 7.31 | ||
| Cash Conversion | 68.7% | ||
| Profit Quality | 105.47% | ||
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.72 | ||
| Altman-Z | 2 |
F-Score7
WACC6.49%
ROIC/WACC1.21
Cap/Depr(3y)57.95%
Cap/Depr(5y)60.43%
Cap/Sales(3y)3.49%
Cap/Sales(5y)3.63%
Profit Quality(3y)107.05%
Profit Quality(5y)106.62%
High Growth Momentum
Growth
EPS 1Y (TTM)1.33%
EPS 3Y1.29%
EPS 5Y11.29%
EPS Q2Q%-21.57%
EPS Next Y-0.73%
EPS Next 2Y5.79%
EPS Next 3Y8.53%
EPS Next 5Y9.07%
Revenue 1Y (TTM)2.76%
Revenue growth 3Y2.49%
Revenue growth 5Y10.08%
Sales Q2Q%-1.46%
Revenue Next Year2.83%
Revenue Next 2Y4.53%
Revenue Next 3Y5.13%
Revenue Next 5Y5.41%
EBIT growth 1Y7.86%
EBIT growth 3Y2.65%
EBIT growth 5Y10.19%
EBIT Next Year34.58%
EBIT Next 3Y17.72%
EBIT Next 5Y13.63%
FCF growth 1Y40.04%
FCF growth 3Y18%
FCF growth 5Y14.63%
OCF growth 1Y28.66%
OCF growth 3Y12.15%
OCF growth 5Y12.87%
SIEMENS HEALTHINEERS AG / SHL.DE FAQ
What is the fundamental rating for SHL stock?
ChartMill assigns a fundamental rating of 5 / 10 to SHL.DE.
Can you provide the valuation status for SIEMENS HEALTHINEERS AG?
ChartMill assigns a valuation rating of 5 / 10 to SIEMENS HEALTHINEERS AG (SHL.DE). This can be considered as Fairly Valued.
Can you provide the profitability details for SIEMENS HEALTHINEERS AG?
SIEMENS HEALTHINEERS AG (SHL.DE) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for SHL stock?
The Price/Earnings (PE) ratio for SIEMENS HEALTHINEERS AG (SHL.DE) is 18.45 and the Price/Book (PB) ratio is 2.57.
How financially healthy is SIEMENS HEALTHINEERS AG?
The financial health rating of SIEMENS HEALTHINEERS AG (SHL.DE) is 3 / 10.