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Siemens Healthineers AG
XETRA:SHL

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Siemens Healthineers AG
XETRA:SHL
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Price: 34.88 EUR 2.74% Market Closed
Market Cap: €39.3B

P/FCFE

41.4
Current
17%
Cheaper
vs 3-y average of 49.9

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
41.4
=
Market Cap
€47.2B
/
Free Cash Flow to Equity
€953.3m

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
41.4
=
Market Cap
€47.2B
/
Free Cash Flow to Equity
€953.3m

Valuation Scenarios

Siemens Healthineers AG is trading below its 3-year average

If P/FCFE returns to its 3-Year Average (49.9), the stock would be worth €42.01 (20% upside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-47%
Maximum Upside
+20%
Average Downside
17%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 41.4 €34.88
0%
3-Year Average 49.9 €42.01
+20%
5-Year Average 40 €33.64
-4%
Industry Average 25.4 €21.39
-39%
Country Average 22 €18.5
-47%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
DE
Siemens Healthineers AG
XETRA:SHL
39.3B EUR 41.4 18.6
US
Intuitive Surgical Inc
NASDAQ:ISRG
162.6B USD 65.3 56.9
US
Abbott Laboratories
NYSE:ABT
155.4B USD 29 24.8
US
Stryker Corp
NYSE:SYK
112.7B USD 20.7 34.7
IE
Medtronic PLC
NYSE:MDT
102.7B USD 27.3 22.3
US
Boston Scientific Corp
NYSE:BSX
83.8B USD 29.3 23.5
US
Edwards Lifesciences Corp
NYSE:EW
48.8B USD 37 44.5
US
IDEXX Laboratories Inc
NASDAQ:IDXX
45.2B USD 46 42.7
US
Becton Dickinson and Co
NYSE:BDX
42.5B USD 17.6 24.2
US
Resmed Inc
NYSE:RMD
29.9B USD 17.2 20.1
CN
Shenzhen Mindray Bio-Medical Electronics Co Ltd
SZSE:300760
204.2B CNY 25.9 26.1

Market Distribution

Higher than 74% of companies in Germany
Percentile
74th
Based on 1 747 companies
74th percentile
41.4
Low
0.3 — 12.8
Typical Range
12.8 — 33.7
High
33.7 —
Distribution Statistics
Germany
Min 0.3
30th Percentile 12.8
Median 22
70th Percentile 33.7
Max 8 508.8

Siemens Healthineers AG
Glance View

Nestled at the intersection of innovation and healthcare, Siemens Healthineers AG carries forth the legacy of its parent conglomerate, Siemens, into the realm of medical technology. Headquartered in Erlangen, Germany, Siemens Healthineers has made it its mission to transform care delivery and shape a new age of healthcare. The company leverages its extensive engineering expertise and robust R&D capabilities to design a broad spectrum of healthcare solutions that range from imaging systems and in-vitro diagnostics to advanced therapy solutions and services. Their cutting-edge imaging portfolio includes MRI, CT, and X-ray systems, which aid physicians in making precise diagnoses. By harnessing data analytics and AI, they offer tools that go beyond traditional diagnostics, enabling more personalized and efficient patient care. The crux of Siemens Healthineers' business model lies not only in selling sophisticated medical equipment but also in a substantial service component. Maintenance contracts, performance upgrades, and consulting services ensure a steady revenue stream and deepen client relationships. The company also invests in digital health services, driven by a vision to empower healthcare providers with swift, data-infused insights. Through partnerships with healthcare institutions worldwide, Siemens Healthineers develops tailored solutions that enhance operational efficiency, patient experience, and clinical outcomes. These collaborations help expand their market footprint and solidify their position as an indispensable partner in the ever-evolving healthcare landscape. In essence, Siemens Healthineers helps healthcare providers improve patient outcomes while optimizing their operational workflows, thus deriving mutual growth and success.

SHL Intrinsic Value
52.06 EUR
Undervaluation 33%
Intrinsic Value
Price €34.88
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