Carl Zeiss Meditec AG
XETRA:AFX

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Carl Zeiss Meditec AG
XETRA:AFX
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Price: 26.48 EUR 4.66% Market Closed
Market Cap: €2.4B

EV/IC

0.9
Current
60%
Cheaper
vs 3-y average of 2.3

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.9
=
Enterprise Value
€2.8B
/
Invested Capital
€3.2B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.9
=
Enterprise Value
€2.8B
/
Invested Capital
€3.2B

Valuation Scenarios

Carl Zeiss Meditec AG is trading below its 3-year average

If EV/IC returns to its 3-Year Average (2.3), the stock would be worth €66.85 (152% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+320%
Average Upside
122%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 0.9 €26.48
0%
3-Year Average 2.3 €66.85
+152%
5-Year Average 3.8 €111.34
+320%
Industry Average 1 €28.8
+9%
Country Average 1 €28.54
+8%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
DE
Carl Zeiss Meditec AG
XETRA:AFX
2.3B EUR 0.9 19
US
Intuitive Surgical Inc
NASDAQ:ISRG
162.6B USD 11 56.9
US
Abbott Laboratories
NYSE:ABT
155.4B USD 2.1 24.8
US
Stryker Corp
NYSE:SYK
112.7B USD 2.9 34.7
IE
Medtronic PLC
NYSE:MDT
102.7B USD 1.5 22.3
US
Boston Scientific Corp
NYSE:BSX
83.8B USD 2.3 23.5
US
Edwards Lifesciences Corp
NYSE:EW
48.8B USD 4.9 44.5
DE
Siemens Healthineers AG
XETRA:SHL
39.3B EUR 1.2 18.6
US
IDEXX Laboratories Inc
NASDAQ:IDXX
45.2B USD 14.9 42.7
US
Becton Dickinson and Co
NYSE:BDX
42.5B USD 1.2 24.2
US
Resmed Inc
NYSE:RMD
29.9B USD 4.2 20.1

Market Distribution

In line with most companies in Germany
Percentile
45th
Based on 2 708 companies
45th percentile
0.9
Low
0 — 0.6
Typical Range
0.6 — 1.6
High
1.6 —
Distribution Statistics
Germany
Min 0
30th Percentile 0.6
Median 1
70th Percentile 1.6
Max 298.9

Carl Zeiss Meditec AG
Glance View

Carl Zeiss Meditec AG stands as a beacon in the realm of medical technology, carving a niche through its innovative solutions in ophthalmology and microsurgery. Rooted in the prestigious legacy of the Zeiss Group, this company seamlessly fuses cutting-edge technology with practical medical applications. Its headquarters in Jena, Germany, serve as the crucible for pioneering research and development endeavors, channeling expertise into products that enhance both diagnostic and surgical capabilities. The heart of its operations revolves around creating technological marvels such as optical coherence tomography (OCT) instruments and surgical microscopes, which bring precision and enhanced clarity to the medical field. Through a well-executed blend of R&D and strategic acquisitions, Carl Zeiss Meditec consistently remains at the forefront of medical innovation, ensuring it meets the ever-evolving needs of the healthcare sector. Financially, the company thrives by selling its sophisticated medical devices directly to healthcare professionals, hospitals, and clinics worldwide. Rather than merely creating instruments, Carl Zeiss Meditec's business model is deeply entwined with providing comprehensive workflow solutions and service support, ensuring that medical practitioners extract maximum utility from their investments. By offering not just products but also extensive after-sales service and maintenance, the company builds sustained relationships with its clients, fostering a cycle of trust and repeat business. In addition, its engagement in training and support services enhances user competencies, ensuring the seamless integration of its technology into everyday medical practice and underscoring its commitment to elevating healthcare standards globally. Through this multifaceted approach, Carl Zeiss Meditec solidifies its position as an indispensable ally in the medical community, both as a supplier of state-of-the-art equipment and as a provider of essential healthcare solutions.

AFX Intrinsic Value
56.57 EUR
Undervaluation 53%
Intrinsic Value
Price €26.48
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