FRESENIUS MEDICAL CARE-ADR (FMS) Fundamental Analysis & Valuation

NYSE:FMS • US3580291066

Current stock price

22.86 USD
-0.09 (-0.39%)
At close:
23.02 USD
+0.16 (+0.7%)
Pre-Market:

This FMS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. FMS Profitability Analysis

1.1 Basic Checks

  • FMS had positive earnings in the past year.
  • In the past year FMS had a positive cash flow from operations.
  • In the past 5 years FMS has always been profitable.
  • FMS had a positive operating cash flow in each of the past 5 years.
FMS Yearly Net Income VS EBIT VS OCF VS FCFFMS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

1.2 Ratios

  • With a decent Return On Assets value of 3.16%, FMS is doing good in the industry, outperforming 65.00% of the companies in the same industry.
  • FMS's Return On Equity of 7.35% is fine compared to the rest of the industry. FMS outperforms 63.00% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 5.30%, FMS is in line with its industry, outperforming 59.00% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for FMS is below the industry average of 8.51%.
  • The 3 year average ROIC (4.02%) for FMS is below the current ROIC(5.30%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.16%
ROE 7.35%
ROIC 5.3%
ROA(3y)2.08%
ROA(5y)2.19%
ROE(3y)4.9%
ROE(5y)5.43%
ROIC(3y)4.02%
ROIC(5y)3.98%
FMS Yearly ROA, ROE, ROICFMS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • FMS has a Profit Margin of 4.98%. This is in the better half of the industry: FMS outperforms 78.00% of its industry peers.
  • In the last couple of years the Profit Margin of FMS has declined.
  • Looking at the Operating Margin, with a value of 9.00%, FMS is in the better half of the industry, outperforming 78.00% of the companies in the same industry.
  • FMS's Operating Margin has declined in the last couple of years.
  • FMS's Gross Margin of 25.62% is in line compared to the rest of the industry. FMS outperforms 54.00% of its industry peers.
  • In the last couple of years the Gross Margin of FMS has declined.
Industry RankSector Rank
OM 9%
PM (TTM) 4.98%
GM 25.62%
OM growth 3Y10.69%
OM growth 5Y-6.44%
PM growth 3Y12.82%
PM growth 5Y-5.23%
GM growth 3Y0.52%
GM growth 5Y-3.74%
FMS Yearly Profit, Operating, Gross MarginsFMS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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3

2. FMS Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FMS is creating some value.
  • FMS has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for FMS has been reduced compared to 5 years ago.
  • The debt/assets ratio for FMS is higher compared to a year ago.
FMS Yearly Shares OutstandingFMS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
FMS Yearly Total Debt VS Total AssetsFMS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • FMS has an Altman-Z score of 1.81. This is a bad value and indicates that FMS is not financially healthy and even has some risk of bankruptcy.
  • FMS's Altman-Z score of 1.81 is in line compared to the rest of the industry. FMS outperforms 45.00% of its industry peers.
  • The Debt to FCF ratio of FMS is 6.19, which is on the high side as it means it would take FMS, 6.19 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 6.19, FMS is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • A Debt/Equity ratio of 0.65 indicates that FMS is somewhat dependend on debt financing.
  • FMS has a Debt to Equity ratio of 0.65. This is comparable to the rest of the industry: FMS outperforms 54.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 6.19
Altman-Z 1.81
ROIC/WACC1.02
WACC5.21%
FMS Yearly LT Debt VS Equity VS FCFFMS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B

2.3 Liquidity

  • FMS has a Current Ratio of 1.26. This is a normal value and indicates that FMS is financially healthy and should not expect problems in meeting its short term obligations.
  • The Current ratio of FMS (1.26) is comparable to the rest of the industry.
  • A Quick Ratio of 0.92 indicates that FMS may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.92, FMS is not doing good in the industry: 73.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.26
Quick Ratio 0.92
FMS Yearly Current Assets VS Current LiabilitesFMS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

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5

3. FMS Growth Analysis

3.1 Past

  • FMS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 32.00%, which is quite impressive.
  • Measured over the past years, FMS shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.51% on average per year.
  • Looking at the last year, FMS shows a small growth in Revenue. The Revenue has grown by 1.51% in the last year.
  • Measured over the past years, FMS shows a small growth in Revenue. The Revenue has been growing by 1.91% on average per year.
EPS 1Y (TTM)32%
EPS 3Y11.44%
EPS 5Y-1.51%
EPS Q2Q%58.24%
Revenue 1Y (TTM)1.51%
Revenue growth 3Y0.39%
Revenue growth 5Y1.91%
Sales Q2Q%-0.29%

3.2 Future

  • The Earnings Per Share is expected to grow by 9.03% on average over the next years. This is quite good.
  • Based on estimates for the next years, FMS will show a small growth in Revenue. The Revenue will grow by 3.69% on average per year.
EPS Next Y-4.05%
EPS Next 2Y2.59%
EPS Next 3Y5.97%
EPS Next 5Y9.03%
Revenue Next Year-0.88%
Revenue Next 2Y1.45%
Revenue Next 3Y2.08%
Revenue Next 5Y3.69%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
FMS Yearly Revenue VS EstimatesFMS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B 20B 25B
FMS Yearly EPS VS EstimatesFMS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1 2 3

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7

4. FMS Valuation Analysis

4.1 Price/Earnings Ratio

  • FMS is valuated reasonably with a Price/Earnings ratio of 8.86.
  • FMS's Price/Earnings ratio is rather cheap when compared to the industry. FMS is cheaper than 95.00% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.79, FMS is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 9.25, the valuation of FMS can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FMS indicates a rather cheap valuation: FMS is cheaper than 92.00% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 38.88. FMS is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.86
Fwd PE 9.25
FMS Price Earnings VS Forward Price EarningsFMS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, FMS is valued cheaper than 92.00% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, FMS is valued cheaper than 92.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.24
EV/EBITDA 5.87
FMS Per share dataFMS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y2.59%
EPS Next 3Y5.97%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. FMS Dividend Analysis

5.1 Amount

  • FMS has a Yearly Dividend Yield of 3.83%.
  • FMS's Dividend Yield is rather good when compared to the industry average which is at 0.47. FMS pays more dividend than 99.00% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, FMS pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.83%

5.2 History

  • The dividend of FMS has a limited annual growth rate of 4.43%.
  • FMS has been paying a dividend for at least 10 years, so it has a reliable track record.
  • The dividend of FMS decreased in the last 3 years.
Dividend Growth(5Y)4.43%
Div Incr Years2
Div Non Decr Years2
FMS Yearly Dividends per shareFMS Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

5.3 Sustainability

  • FMS pays out 43.19% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • FMS's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP43.19%
EPS Next 2Y2.59%
EPS Next 3Y5.97%
FMS Yearly Income VS Free CF VS DividendFMS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B
FMS Dividend Payout.FMS Dividend Payout, showing the Payout Ratio.FMS Dividend Payout.PayoutRetained Earnings

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FMS Fundamentals: All Metrics, Ratios and Statistics

FRESENIUS MEDICAL CARE-ADR

NYSE:FMS (4/22/2026, 8:27:11 PM)

Premarket: 23.02 +0.16 (+0.7%)

22.86

-0.09 (-0.39%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Earnings (Last)02-24
Earnings (Next)05-05
Inst Owners44.85%
Inst Owner Change0.25%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap12.77B
Revenue(TTM)19.63B
Net Income(TTM)978.37M
Analysts65.93
Price Target26.85 (17.45%)
Short Float %0.46%
Short Ratio2.99
Dividend
Industry RankSector Rank
Dividend Yield 3.83%
Yearly Dividend0.89
Dividend Growth(5Y)4.43%
DP43.19%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)24.86%
Min EPS beat(2)14.16%
Max EPS beat(2)35.55%
EPS beat(4)4
Avg EPS beat(4)22.94%
Min EPS beat(4)14.16%
Max EPS beat(4)35.55%
EPS beat(8)8
Avg EPS beat(8)21.57%
EPS beat(12)10
Avg EPS beat(12)16.05%
EPS beat(16)12
Avg EPS beat(16)12.94%
Revenue beat(2)1
Avg Revenue beat(2)0.93%
Min Revenue beat(2)-1.71%
Max Revenue beat(2)3.58%
Revenue beat(4)2
Avg Revenue beat(4)0.32%
Min Revenue beat(4)-3.33%
Max Revenue beat(4)3.58%
Revenue beat(8)4
Avg Revenue beat(8)-0.14%
Revenue beat(12)5
Avg Revenue beat(12)-0.25%
Revenue beat(16)7
Avg Revenue beat(16)-0.28%
PT rev (1m)-1.3%
PT rev (3m)-3.75%
EPS NQ rev (1m)-0.52%
EPS NQ rev (3m)33.21%
EPS NY rev (1m)2.65%
EPS NY rev (3m)2.05%
Revenue NQ rev (1m)-0.23%
Revenue NQ rev (3m)-5.93%
Revenue NY rev (1m)-1.61%
Revenue NY rev (3m)-3.66%
Valuation
Industry RankSector Rank
PE 8.86
Fwd PE 9.25
P/S 0.55
P/FCF 6.24
P/OCF 4.06
P/B 0.82
P/tB N/A
EV/EBITDA 5.87
EPS(TTM)2.58
EY11.29%
EPS(NY)2.47
Fwd EY10.81%
FCF(TTM)3.66
FCFY16.02%
OCF(TTM)5.63
OCFY24.63%
SpS41.23
BVpS27.96
TBVpS-3.18
PEG (NY)N/A
PEG (5Y)N/A
Graham Number40.2856 (76.23%)
Profitability
Industry RankSector Rank
ROA 3.16%
ROE 7.35%
ROCE 7.13%
ROIC 5.3%
ROICexc 5.78%
ROICexgc 16.63%
OM 9%
PM (TTM) 4.98%
GM 25.62%
FCFM 8.88%
ROA(3y)2.08%
ROA(5y)2.19%
ROE(3y)4.9%
ROE(5y)5.43%
ROIC(3y)4.02%
ROIC(5y)3.98%
ROICexc(3y)4.29%
ROICexc(5y)4.23%
ROICexgc(3y)11.55%
ROICexgc(5y)11.07%
ROCE(3y)5.42%
ROCE(5y)5.44%
ROICexgc growth 3Y23.76%
ROICexgc growth 5Y-0.49%
ROICexc growth 3Y19.48%
ROICexc growth 5Y-3.49%
OM growth 3Y10.69%
OM growth 5Y-6.44%
PM growth 3Y12.82%
PM growth 5Y-5.23%
GM growth 3Y0.52%
GM growth 5Y-3.74%
F-Score8
Asset Turnover0.63
Health
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 6.19
Debt/EBITDA 2.64
Cap/Depr 62.47%
Cap/Sales 4.78%
Interest Coverage 4.9
Cash Conversion 82.09%
Profit Quality 178.22%
Current Ratio 1.26
Quick Ratio 0.92
Altman-Z 1.81
F-Score8
WACC5.21%
ROIC/WACC1.02
Cap/Depr(3y)48.17%
Cap/Depr(5y)48.21%
Cap/Sales(3y)4.06%
Cap/Sales(5y)4.23%
Profit Quality(3y)290.62%
Profit Quality(5y)248.93%
High Growth Momentum
Growth
EPS 1Y (TTM)32%
EPS 3Y11.44%
EPS 5Y-1.51%
EPS Q2Q%58.24%
EPS Next Y-4.05%
EPS Next 2Y2.59%
EPS Next 3Y5.97%
EPS Next 5Y9.03%
Revenue 1Y (TTM)1.51%
Revenue growth 3Y0.39%
Revenue growth 5Y1.91%
Sales Q2Q%-0.29%
Revenue Next Year-0.88%
Revenue Next 2Y1.45%
Revenue Next 3Y2.08%
Revenue Next 5Y3.69%
EBIT growth 1Y39.46%
EBIT growth 3Y11.12%
EBIT growth 5Y-4.66%
EBIT Next Year70.62%
EBIT Next 3Y23.59%
EBIT Next 5Y15.26%
FCF growth 1Y4.8%
FCF growth 3Y7.67%
FCF growth 5Y-11.14%
OCF growth 1Y12.36%
OCF growth 3Y7.35%
OCF growth 5Y-8.73%

FRESENIUS MEDICAL CARE-ADR / FMS Fundamental Analysis FAQ

What is the fundamental rating for FMS stock?

ChartMill assigns a fundamental rating of 5 / 10 to FMS.


Can you provide the valuation status for FRESENIUS MEDICAL CARE-ADR?

ChartMill assigns a valuation rating of 7 / 10 to FRESENIUS MEDICAL CARE-ADR (FMS). This can be considered as Undervalued.


Can you provide the profitability details for FRESENIUS MEDICAL CARE-ADR?

FRESENIUS MEDICAL CARE-ADR (FMS) has a profitability rating of 5 / 10.


Can you provide the PE and PB ratios for FMS stock?

The Price/Earnings (PE) ratio for FRESENIUS MEDICAL CARE-ADR (FMS) is 8.86 and the Price/Book (PB) ratio is 0.82.


Can you provide the financial health for FMS stock?

The financial health rating of FRESENIUS MEDICAL CARE-ADR (FMS) is 3 / 10.