Company Valuation: Carl Zeiss Meditec AG

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 14,852 9,610 7,407 6,364 3,691 2,493 - -
Change - -35.29% -22.92% -14.09% -42.01% -32.45% - -
Enterprise Value (EV) 1 14,016 8,823 6,683 6,378 3,967 2,929 2,888 2,807
Change - -37.05% -24.26% -4.56% -37.8% -26.18% -1.39% -2.81%
P/E 62.9x 32.7x 25.5x 35.4x 26.2x 29.6x 20x 14.5x
PBR 8.95x 4.77x 3.43x 3.1x 1.74x 1.17x 1.12x 1.06x
PEG - 1.3x -20.97x -0.9x -1.3x -0.7x 0.4x 0.4x
Capitalization / Revenue 9.02x 5.05x 3.55x 3.08x 1.66x 1.14x 1.09x 1.03x
EV / Revenue 8.51x 4.64x 3.2x 3.09x 1.78x 1.34x 1.26x 1.15x
EV / EBITDA 32.2x 18.9x 15.8x 19.5x 11.3x 10.2x 8.45x 7.14x
EV / EBIT 37.5x 22.2x 19.2x 32.8x 17.8x 18.9x 13.8x 10.6x
EV / FCF 42.1x 60.7x 48.8x 67.1x 29.8x 37.6x 23.5x 16.5x
FCF Yield 2.37% 1.65% 2.05% 1.49% 3.36% 2.66% 4.25% 6.04%
Dividend per Share 2 0.9 1.1 1.1 0.6 0.55 0.4529 0.5739 0.7441
Rate of return 0.54% 1.02% 1.33% 0.84% 1.3% 1.59% 2.01% 2.61%
EPS 2 2.64 3.29 3.25 2.01 1.61 0.963 1.421 1.967
Distribution rate 34.1% 33.4% 33.8% 29.9% 34.2% 47% 40.4% 37.8%
Net sales 1 1,647 1,903 2,089 2,066 2,228 2,183 2,296 2,432
EBITDA 1 435.2 466.6 422.2 327.2 349.7 286 342 392.9
EBIT 1 373.6 396.9 348.1 194.5 223.3 154.7 209.8 264.6
Net income 1 236.3 293.9 290.4 178.7 141.2 90.99 136.1 179.6
Net Debt 1 -835.5 -787.4 -724.9 14.4 276.9 435.9 395.2 314
Reference price 2 166.05 107.45 82.82 71.15 42.16 28.48 28.48 28.48
Nbr of stocks (in thousands) 89,441 89,441 89,441 89,441 87,536 87,536 - -
Announcement Date 12/10/21 12/9/22 12/12/23 12/10/24 12/10/25 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.57x1.34x10.24x1.59% 2.85B
26.74x4.8x18.5x0.35% 198B
41.97x10.88x24.33x-.--% 134B
32.21x6.24x19.63x0.72% 141B
15.66x3.27x10.53x-.--% 63.36B
32.12x7.17x22.81x-.--% 51.87B
18.18x2.1x10.88x2.89% 43.77B
26.29x5.24x17.89x0.76% 38.18B
45.62x6.37x19.56x-.--% 36.96B
13.86x1.56x8.73x0.25% 28.05B
Average 28.22x 4.90x 16.31x 0.66% 73.88B
Weighted average by Cap. 29.92x 6.02x 18.56x 0.46%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. AFX Stock
  4. Valuation Carl Zeiss Meditec AG