SIEMENS HEALTHINEERS AG (SHL.DE) Stock Fundamental Analysis
FRA:SHL • DE000SHL1006
42.35 EUR
+0.9 (+2.17%)
Last: Feb 20, 2026, 07:00 PM
We assign a fundamental rating of 5 out of 10 to SHL. SHL was compared to 65 industry peers in the Health Care Equipment & Supplies industry. SHL has a medium profitability rating, but doesn't score so well on its financial health evaluation. SHL is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- SHL had positive earnings in the past year.
- In the past year SHL had a positive cash flow from operations.
- In the past 5 years SHL has always been profitable.
- In the past 5 years SHL always reported a positive cash flow from operatings.
1.2 Ratios
- SHL has a Return On Assets of 4.79%. This is in the better half of the industry: SHL outperforms 66.15% of its industry peers.
- With a decent Return On Equity value of 11.50%, SHL is doing good in the industry, outperforming 70.77% of the companies in the same industry.
- SHL has a Return On Invested Capital of 7.88%. This is in the better half of the industry: SHL outperforms 64.62% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for SHL is below the industry average of 9.73%.
- The last Return On Invested Capital (7.88%) for SHL is above the 3 year average (6.28%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.79% | ||
| ROE | 11.5% | ||
| ROIC | 7.88% |
ROA(3y)4.09%
ROA(5y)4.11%
ROE(3y)10.3%
ROE(5y)10.39%
ROIC(3y)6.28%
ROIC(5y)6.22%
1.3 Margins
- SHL has a Profit Margin of 9.10%. This is in the better half of the industry: SHL outperforms 64.62% of its industry peers.
- In the last couple of years the Profit Margin of SHL has remained more or less at the same level.
- SHL has a better Operating Margin (13.49%) than 61.54% of its industry peers.
- SHL's Operating Margin has been stable in the last couple of years.
- The Gross Margin of SHL (38.44%) is worse than 80.00% of its industry peers.
- SHL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.49% | ||
| PM (TTM) | 9.1% | ||
| GM | 38.44% |
OM growth 3Y0.16%
OM growth 5Y0.1%
PM growth 3Y-0.76%
PM growth 5Y-1.23%
GM growth 3Y1.02%
GM growth 5Y0.02%
2. Health
2.1 Basic Checks
- SHL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- The number of shares outstanding for SHL has been reduced compared to 1 year ago.
- SHL has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, SHL has an improved debt to assets ratio.
2.2 Solvency
- SHL has an Altman-Z score of 2.00. This is not the best score and indicates that SHL is in the grey zone with still only limited risk for bankruptcy at the moment.
- SHL has a worse Altman-Z score (2.00) than 63.08% of its industry peers.
- SHL has a debt to FCF ratio of 6.56. This is a slightly negative value and a sign of low solvency as SHL would need 6.56 years to pay back of all of its debts.
- SHL has a Debt to FCF ratio of 6.56. This is comparable to the rest of the industry: SHL outperforms 47.69% of its industry peers.
- A Debt/Equity ratio of 0.53 indicates that SHL is somewhat dependend on debt financing.
- SHL's Debt to Equity ratio of 0.53 is on the low side compared to the rest of the industry. SHL is outperformed by 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 6.56 | ||
| Altman-Z | 2 |
ROIC/WACC1.21
WACC6.51%
2.3 Liquidity
- A Current Ratio of 1.04 indicates that SHL should not have too much problems paying its short term obligations.
- Looking at the Current ratio, with a value of 1.04, SHL is doing worse than 76.92% of the companies in the same industry.
- A Quick Ratio of 0.72 indicates that SHL may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.72, SHL is doing worse than 73.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
- SHL shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.33%.
- SHL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.29% yearly.
- Looking at the last year, SHL shows a small growth in Revenue. The Revenue has grown by 2.76% in the last year.
- SHL shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.08% yearly.
EPS 1Y (TTM)1.33%
EPS 3Y1.29%
EPS 5Y11.29%
EPS Q2Q%-21.57%
Revenue 1Y (TTM)2.76%
Revenue growth 3Y2.49%
Revenue growth 5Y10.08%
Sales Q2Q%-1.46%
3.2 Future
- The Earnings Per Share is expected to grow by 9.07% on average over the next years. This is quite good.
- SHL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.41% yearly.
EPS Next Y-0.73%
EPS Next 2Y5.79%
EPS Next 3Y8.53%
EPS Next 5Y9.07%
Revenue Next Year2.83%
Revenue Next 2Y4.53%
Revenue Next 3Y5.13%
Revenue Next 5Y5.41%
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 stable.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 18.57, which indicates a rather expensive current valuation of SHL.
- Based on the Price/Earnings ratio, SHL is valued a bit cheaper than the industry average as 75.38% of the companies are valued more expensively.
- SHL is valuated rather cheaply when we compare the Price/Earnings ratio to 26.99, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 15.83, the valuation of SHL can be described as correct.
- SHL's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SHL is cheaper than 72.31% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 28.02. SHL is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.57 | ||
| Fwd PE | 15.83 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, SHL is valued a bit cheaper than 66.15% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, SHL is valued a bit cheaper than the industry average as 75.38% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.37 | ||
| EV/EBITDA | 13.4 |
4.3 Compensation for Growth
- SHL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.65
EPS Next 2Y5.79%
EPS Next 3Y8.53%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.48%, SHL has a reasonable but not impressive dividend return.
- SHL's Dividend Yield is rather good when compared to the industry average which is at 1.14. SHL pays more dividend than 81.54% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.81, SHL pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.48% |
5.2 History
- The dividend of SHL has a limited annual growth rate of 4.38%.
Dividend Growth(5Y)4.38%
Div Incr Years0
Div Non Decr Years6
5.3 Sustainability
- SHL pays out 50.31% of its income as dividend. This is a bit on the high side, but may be sustainable.
- SHL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP50.31%
EPS Next 2Y5.79%
EPS Next 3Y8.53%
FRA:SHL (2/20/2026, 7:00:00 PM)
42.35
+0.9 (+2.17%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)02-05 2026-02-05/dmh
Earnings (Next)05-07 2026-05-07
Inst Owners12.21%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap47.77B
Revenue(TTM)23.30B
Net Income(TTM)2.12B
Analysts79.29
Price Target56.29 (32.92%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.48% |
Yearly Dividend0.95
Dividend Growth(5Y)4.38%
DP50.31%
Div Incr Years0
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-8.86%
Min EPS beat(2)-13.74%
Max EPS beat(2)-3.98%
EPS beat(4)1
Avg EPS beat(4)-1.6%
Min EPS beat(4)-13.74%
Max EPS beat(4)13.36%
EPS beat(8)4
Avg EPS beat(8)1.31%
EPS beat(12)6
Avg EPS beat(12)0.88%
EPS beat(16)9
Avg EPS beat(16)1.56%
Revenue beat(2)1
Avg Revenue beat(2)-1.97%
Min Revenue beat(2)-4.1%
Max Revenue beat(2)0.15%
Revenue beat(4)2
Avg Revenue beat(4)-1.11%
Min Revenue beat(4)-4.1%
Max Revenue beat(4)0.27%
Revenue beat(8)3
Avg Revenue beat(8)-1.06%
Revenue beat(12)4
Avg Revenue beat(12)-0.67%
Revenue beat(16)7
Avg Revenue beat(16)-0.39%
PT rev (1m)-0.56%
PT rev (3m)-1.61%
EPS NQ rev (1m)-0.84%
EPS NQ rev (3m)-6.18%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.04%
Revenue NQ rev (1m)-0.29%
Revenue NQ rev (3m)-2.51%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.57 | ||
| Fwd PE | 15.83 | ||
| P/S | 2.05 | ||
| P/FCF | 21.37 | ||
| P/OCF | 15.69 | ||
| P/B | 2.59 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.4 |
EPS(TTM)2.28
EY5.38%
EPS(NY)2.67
Fwd EY6.32%
FCF(TTM)1.98
FCFY4.68%
OCF(TTM)2.7
OCFY6.37%
SpS20.65
BVpS16.34
TBVpS-4.52
PEG (NY)N/A
PEG (5Y)1.65
Graham Number28.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.79% | ||
| ROE | 11.5% | ||
| ROCE | 10.26% | ||
| ROIC | 7.88% | ||
| ROICexc | 8.62% | ||
| ROICexgc | 53.82% | ||
| OM | 13.49% | ||
| PM (TTM) | 9.1% | ||
| GM | 38.44% | ||
| FCFM | 9.59% |
ROA(3y)4.09%
ROA(5y)4.11%
ROE(3y)10.3%
ROE(5y)10.39%
ROIC(3y)6.28%
ROIC(5y)6.22%
ROICexc(3y)6.75%
ROICexc(5y)6.62%
ROICexgc(3y)33.94%
ROICexgc(5y)34.43%
ROCE(3y)8.18%
ROCE(5y)8.09%
ROICexgc growth 3Y11.98%
ROICexgc growth 5Y11.06%
ROICexc growth 3Y9.08%
ROICexc growth 5Y-1.26%
OM growth 3Y0.16%
OM growth 5Y0.1%
PM growth 3Y-0.76%
PM growth 5Y-1.23%
GM growth 3Y1.02%
GM growth 5Y0.02%
F-Score7
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 6.56 | ||
| Debt/EBITDA | 2.22 | ||
| Cap/Depr | 62.76% | ||
| Cap/Sales | 3.47% | ||
| Interest Coverage | 7.31 | ||
| Cash Conversion | 68.7% | ||
| Profit Quality | 105.47% | ||
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.72 | ||
| Altman-Z | 2 |
F-Score7
WACC6.51%
ROIC/WACC1.21
Cap/Depr(3y)57.95%
Cap/Depr(5y)60.43%
Cap/Sales(3y)3.49%
Cap/Sales(5y)3.63%
Profit Quality(3y)107.05%
Profit Quality(5y)106.62%
High Growth Momentum
Growth
EPS 1Y (TTM)1.33%
EPS 3Y1.29%
EPS 5Y11.29%
EPS Q2Q%-21.57%
EPS Next Y-0.73%
EPS Next 2Y5.79%
EPS Next 3Y8.53%
EPS Next 5Y9.07%
Revenue 1Y (TTM)2.76%
Revenue growth 3Y2.49%
Revenue growth 5Y10.08%
Sales Q2Q%-1.46%
Revenue Next Year2.83%
Revenue Next 2Y4.53%
Revenue Next 3Y5.13%
Revenue Next 5Y5.41%
EBIT growth 1Y7.86%
EBIT growth 3Y2.65%
EBIT growth 5Y10.19%
EBIT Next Year34.58%
EBIT Next 3Y17.72%
EBIT Next 5Y13.63%
FCF growth 1Y40.04%
FCF growth 3Y18%
FCF growth 5Y14.63%
OCF growth 1Y28.66%
OCF growth 3Y12.15%
OCF growth 5Y12.87%
SIEMENS HEALTHINEERS AG / SHL.DE FAQ
What is the fundamental rating for SHL stock?
ChartMill assigns a fundamental rating of 5 / 10 to SHL.DE.
Can you provide the valuation status for SIEMENS HEALTHINEERS AG?
ChartMill assigns a valuation rating of 5 / 10 to SIEMENS HEALTHINEERS AG (SHL.DE). This can be considered as Fairly Valued.
Can you provide the profitability details for SIEMENS HEALTHINEERS AG?
SIEMENS HEALTHINEERS AG (SHL.DE) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for SHL stock?
The Price/Earnings (PE) ratio for SIEMENS HEALTHINEERS AG (SHL.DE) is 18.57 and the Price/Book (PB) ratio is 2.59.
How financially healthy is SIEMENS HEALTHINEERS AG?
The financial health rating of SIEMENS HEALTHINEERS AG (SHL.DE) is 3 / 10.