Valuation Siemens Healthineers AG

Equities

Market Closed - Xetra Other stock markets 16:35:01 09/02/2026 GMT			After hours 18:33:46
40.80 ^EUR	-1.45%		40.75	-0.12%

04:56pm	German Shares Extend Winning Streak; Commerzbank Gains	MT
11:46am	SIEMENS HEALTHINEERS : Buy rating from Bernstein	ZD

Data adjusted to current consolidation scope

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	63,053	49,516	53,731	60,096	51,212	46,193	-	-
Change	-	-21.47%	8.51%	11.85%	-14.78%	-9.8%	-	-
Enterprise Value (EV) ¹	74,121	61,565	68,749	73,646	63,839	56,812	55,983	54,876
Change	-	-16.94%	11.67%	7.12%	-13.32%	-11.01%	-1.46%	-1.98%
P/E ratio	35.8x	24.5x	35.8x	31.1x	24.1x	20.3x	17.1x	14.7x
PBR	3.79x	2.51x	2.96x	3.21x	2.85x	2.4x	2.27x	2.14x
PEG	-	1.6x	-1.4x	1.1x	2.3x	3x	0.9x	0.9x
Capitalization / Revenue	3.5x	2.28x	2.48x	2.69x	2.19x	1.92x	1.81x	1.71x
EV / Revenue	4.12x	2.84x	3.17x	3.29x	2.73x	2.36x	2.19x	2.03x
EV / EBITDA	20.5x	14.4x	18.6x	18.3x	14.3x	11.6x	10.3x	9.27x
EV / EBIT	23.6x	16.8x	22.3x	21x	16.6x	15.2x	12.9x	11.4x
EV / FCF	32.8x	37.3x	53.7x	34.6x	23.5x	23.6x	20.9x	18.2x
FCF Yield	3.05%	2.68%	1.86%	2.89%	4.25%	4.23%	4.79%	5.49%
Dividend per Share ²	0.85	0.85	0.95	0.95	1	1.058	1.207	1.327
Rate of return	1.51%	1.92%	1.98%	1.76%	2.17%	2.56%	2.92%	3.21%
EPS ²	1.57	1.81	1.34	1.73	1.91	2.039	2.422	2.82
Distribution rate	54.1%	47%	70.9%	54.9%	52.4%	51.9%	49.8%	47.1%
Net sales ¹	17,997	21,714	21,680	22,363	23,375	24,043	25,520	27,005
EBITDA ¹	3,612	4,269	3,692	4,030	4,450	4,903	5,448	5,922
EBIT ¹	3,142	3,655	3,081	3,510	3,855	3,747	4,347	4,832
Net income ¹	1,727	2,038	1,509	1,942	2,144	2,278	2,683	3,125
Net Debt ¹	11,068	12,049	15,018	13,550	12,627	10,619	9,790	8,683
Reference price ²	56.18	44.28	48.00	53.86	46.02	41.40	41.40	41.40
Nbr of stocks (in thousands)	1,122,335	1,118,252	1,119,394	1,115,788	1,112,813	1,115,764	-	-
Announcement Date	04/11/21	09/11/22	08/11/23	06/11/24	05/11/25	-	-	-

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.($)
SIEMENS HEALTHINEERS AG	20.46x	2.36x	11.61x	2.56%	54.57B
THERMO FISHER SCIENTIFIC, INC.	30.39x	5.25x	20.75x	0.31%	204B
INTUITIVE SURGICAL, INC.	55.25x	14.3x	33.4x	-.--%	173B
DANAHER CORPORATION	41.55x	6.79x	22.01x	0.58%	153B
BOSTON SCIENTIFIC CORPORATION	37.41x	6.07x	19.81x	-.--%	113B
EDWARDS LIFESCIENCES CORPORATION	34.77x	6.99x	23.13x	-.--%	45.68B
RESMED, INC.	25.66x	6.82x	17.52x	0.9%	39.57B
GE HEALTHCARE TECHNOLOGIES INC.	16.94x	1.9x	10.28x	0.19%	36.76B
AGILENT TECHNOLOGIES, INC.	24.3x	5.1x	17.76x	0.79%	36.65B
SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD.	23.93x	6.12x	17.36x	2.76%	33.03B
Average	31.07x	6.17x	19.36x	0.81%	88.98B
Weighted average by Cap.	36.41x	7.25x	22.05x	0.51%