Valuation Carl Zeiss Meditec AG

Equities

Market Closed - Xetra Other stock markets 16:35:35 06/03/2026 GMT			5-day change	1st Jan Change
25.04 ^EUR	-1.34%		-7.67%	-37.40%

03-05	Lufthansa Narrowly Misses Return to DAX	RE
03-04	INDEX MONITOR: Lufthansa Misses Out on DAX Comeback – Changes Only in MDAX and SDAX	DP

Data adjusted to current consolidation scope

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	14,852	9,610	7,407	6,364	3,691	2,192	-	-
Change	-	-35.29%	-22.92%	-14.09%	-42.01%	-40.61%	-	-
Enterprise Value (EV) ¹	14,016	8,823	6,683	6,378	3,967	2,592	2,515	2,472
Change	-	-37.05%	-24.26%	-4.56%	-37.8%	-34.66%	-3%	-1.7%
P/E ratio	62.9x	32.7x	25.5x	35.4x	26.2x	19.8x	13.5x	11.2x
PBR	8.95x	4.77x	3.43x	3.1x	1.74x	1.01x	0.95x	0.9x
PEG	-	1.3x	-20.97x	-0.9x	-1.3x	-0.9x	0.3x	0.5x
Capitalization / Revenue	9.02x	5.05x	3.55x	3.08x	1.66x	0.98x	0.94x	0.88x
EV / Revenue	8.51x	4.64x	3.2x	3.09x	1.78x	1.16x	1.07x	1x
EV / EBITDA	32.2x	18.9x	15.8x	19.5x	11.3x	7.53x	6.37x	5.6x
EV / EBIT	37.5x	22.2x	19.2x	32.8x	17.8x	13.3x	9.65x	8.43x
EV / FCF	42.1x	60.7x	48.8x	67.1x	29.8x	20.5x	17.3x	13.2x
FCF Yield	2.37%	1.65%	2.05%	1.49%	3.36%	4.87%	5.77%	7.58%
Dividend per Share ²	0.9	1.1	1.1	0.6	0.55	0.5968	0.7406	0.8211
Rate of return	0.54%	1.02%	1.33%	0.84%	1.3%	2.38%	2.96%	3.28%
EPS ²	2.64	3.29	3.25	2.01	1.61	1.267	1.852	2.238
Distribution rate	34.1%	33.4%	33.8%	29.9%	34.2%	47.1%	40%	36.7%
Net sales ¹	1,647	1,903	2,089	2,066	2,228	2,227	2,342	2,480
EBITDA ¹	435.2	466.6	422.2	327.2	349.7	344.4	394.8	441.4
EBIT ¹	373.6	396.9	348.1	194.5	223.3	195.5	260.4	293.3
Net income ¹	236.3	293.9	290.4	178.7	141.2	103.7	165.7	198.2
Net Debt ¹	-835.5	-787.4	-724.9	14.4	276.9	400.3	322.6	280
Reference price ²	166.05	107.45	82.82	71.15	42.16	25.04	25.04	25.04
Nbr of stocks (in thousands)	89,441	89,441	89,441	89,441	87,536	87,536	-	-
Announcement Date	10/12/21	09/12/22	12/12/23	10/12/24	10/12/25	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
CARL ZEISS MEDITEC AG	19.77x	1.16x	7.53x	2.38%	2.54B
THERMO FISHER SCIENTIFIC, INC.	25.77x	4.53x	17.68x	0.37%	186B
INTUITIVE SURGICAL, INC.	55.48x	14.36x	33.42x	-.--%	174B
DANAHER CORPORATION	30.55x	5.79x	18.12x	0.68%	138B
BOSTON SCIENTIFIC CORPORATION	29.14x	5x	16.19x	-.--%	106B
SIEMENS HEALTHINEERS AG	20.38x	2.37x	11.79x	2.6%	52.29B
EDWARDS LIFESCIENCES CORPORATION	28.33x	6.43x	20.66x	-.--%	47.42B
RESMED, INC.	23.89x	6.31x	16.2x	0.96%	36.67B
GE HEALTHCARE TECHNOLOGIES INC.	15.36x	1.75x	9.46x	0.22%	33.85B
AGILENT TECHNOLOGIES, INC.	22.08x	4.53x	15.69x	0.89%	32.52B
Average	27.07x	5.22x	16.67x	0.81%	81B
Weighted average by Cap.	32.52x	6.84x	20.21x	0.46%