Added to YB: 2024-12-17
Pitch date: 2024-12-14
AFX.DE [bullish]
Carl Zeiss Meditec AG
-47.45%
current return
Author Info
DB_Silver_Fox is a CFO and value investor interested in: European & US hidden champions, simple and effective business models, and US Banks. Sign up for the newsletter.
Company Info
Carl Zeiss Meditec AG operates as a medical technology company in Germany, rest of Europe, North America, and Asia.
Market Cap
EUR 2.1B
Pitch Price
EUR 47.27
Price Target
N/A
Dividend
2.26%
EV/EBITDA
9.64
P/E
17.37
EV/Sales
1.20
Sector
Health Care Equipment and Supplies
Category
turnaround
$AFX.DE - German top player in ophthalmology and microsurgery
AFX.DE: Top 2 player in ophthalmic (11.5% share) & #1 in microsurgery (50% share). High R&D spend (12-16% of rev) understates true profitability. Adj. for R&D, op margins higher. Strong market position & consistent R&D ensure long-term dominance. Trading at €50, down from €75 in Oct '23. Buying opportunity.
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