SIEMENS HEALTHINEERS AG (SHL.DE) Stock Fundamental Analysis
Europe - FRA:SHL - DE000SHL1006 - Common Stock
41.77 EUR
+0.48 (+1.16%)
We assign a fundamental rating of 5 out of 10 to SHL. SHL was compared to 60 industry peers in the Health Care Equipment & Supplies industry. While SHL is still in line with the averages on profitability rating, there are concerns on its financial health. 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.
SHL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 4.83%, SHL is doing good in the industry, outperforming 65.00% of the companies in the same industry.
Looking at the Return On Equity, with a value of 11.88%, SHL is in the better half of the industry, outperforming 68.33% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 7.65%, SHL is in the better half of the industry, outperforming 63.33% of the companies in the same industry.
SHL had an Average Return On Invested Capital over the past 3 years of 6.28%. This is below the industry average of 8.99%.
The 3 year average ROIC (6.28%) for SHL is below the current ROIC(7.65%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.83% | ||
| ROE | 11.88% | ||
| ROIC | 7.65% |
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 9.17%. This is in the better half of the industry: SHL outperforms 65.00% of its industry peers.
SHL's Profit Margin has been stable in the last couple of years.
With a decent Operating Margin value of 13.53%, SHL is doing good in the industry, outperforming 63.33% of the companies in the same industry.
In the last couple of years the Operating Margin of SHL has remained more or less at the same level.
The Gross Margin of SHL (38.63%) is worse than 78.33% of its industry peers.
SHL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.53% | ||
| PM (TTM) | 9.17% | ||
| GM | 38.63% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SHL is still creating some value.
SHL has more shares outstanding than it did 1 year ago.
The number of shares outstanding for SHL has been increased compared to 5 years ago.
Compared to 1 year ago, SHL has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 1.96 indicates that SHL is not a great score, but indicates only limited risk for bankruptcy at the moment.
SHL has a Altman-Z score of 1.96. This is comparable to the rest of the industry: SHL outperforms 46.67% of its industry peers.
SHL has a debt to FCF ratio of 5.45. This is a neutral value as SHL would need 5.45 years to pay back of all of its debts.
SHL has a Debt to FCF ratio (5.45) which is in line with its industry peers.
SHL has a Debt/Equity ratio of 0.63. This is a neutral value indicating SHL is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.63, SHL is doing worse than 71.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 5.45 | ||
| Altman-Z | 1.96 |
ROIC/WACC1.2
WACC6.38%
2.3 Liquidity
A Current Ratio of 1.11 indicates that SHL should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.11, SHL is doing worse than 71.67% of the companies in the same industry.
A Quick Ratio of 0.79 indicates that SHL may have some problems paying its short term obligations.
The Quick ratio of SHL (0.79) is worse than 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.79 |
3. Growth
3.1 Past
SHL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.07%, which is quite good.
SHL shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.33% yearly.
SHL shows a small growth in Revenue. In the last year, the Revenue has grown by 4.53%.
Measured over the past years, SHL shows a quite strong growth in Revenue. The Revenue has been growing by 10.08% on average per year.
EPS 1Y (TTM)10.07%
EPS 3Y1.86%
EPS 5Y6.33%
EPS Q2Q%-4.64%
Revenue 1Y (TTM)4.53%
Revenue growth 3Y2.49%
Revenue growth 5Y10.08%
Sales Q2Q%-0.11%
3.2 Future
SHL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.48% yearly.
Based on estimates for the next years, SHL will show a small growth in Revenue. The Revenue will grow by 5.04% on average per year.
EPS Next Y5.93%
EPS Next 2Y9.22%
EPS Next 3Y11.15%
EPS Next 5Y13.48%
Revenue Next Year4.22%
Revenue Next 2Y5.11%
Revenue Next 3Y6.41%
Revenue Next 5Y5.04%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
SHL is valuated rather expensively with a Price/Earnings ratio of 21.98.
Based on the Price/Earnings ratio, SHL is valued a bit cheaper than 73.33% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.45, SHL is valued at the same level.
A Price/Forward Earnings ratio of 16.37 indicates a correct valuation of SHL.
SHL's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SHL is cheaper than 70.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 34.46. SHL is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.98 | ||
| Fwd PE | 16.37 |
4.2 Price Multiples
SHL's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SHL is cheaper than 66.67% of the companies in the same industry.
81.67% of the companies in the same industry are more expensive than SHL, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.36 | ||
| EV/EBITDA | 13.13 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SHL does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of SHL may justify a higher PE ratio.
PEG (NY)3.71
PEG (5Y)3.47
EPS Next 2Y9.22%
EPS Next 3Y11.15%
5. Dividend
5.1 Amount
SHL has a Yearly Dividend Yield of 2.19%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.11, SHL pays a better dividend. On top of this SHL pays more dividend than 83.33% of the companies listed in the same industry.
SHL's Dividend Yield is comparable with the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.19% |
5.2 History
The dividend of SHL has a limited annual growth rate of 4.33%.
Dividend Growth(5Y)4.33%
Div Incr Years0
Div Non Decr Years6
5.3 Sustainability
49.72% of the earnings are spent on dividend by SHL. This is a bit on the high side, but may be sustainable.
The dividend of SHL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP49.72%
EPS Next 2Y9.22%
EPS Next 3Y11.15%
FRA:SHL (11/21/2025, 5:36:15 PM)
41.77
+0.48 (+1.16%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners12.27%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap47.12B
Revenue(TTM)23.38B
Net Income(TTM)2.14B
Analysts82.96
Price Target60.62 (45.13%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.19% |
Yearly Dividend0.95
Dividend Growth(5Y)4.33%
DP49.72%
Div Incr Years0
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-2.38%
Min Revenue beat(2)-3.98%
Max Revenue beat(2)-0.77%
Revenue beat(4)2
Avg Revenue beat(4)-0.8%
Min Revenue beat(4)-3.98%
Max Revenue beat(4)1.29%
Revenue beat(8)2
Avg Revenue beat(8)-1.2%
Revenue beat(12)3
Avg Revenue beat(12)-0.97%
Revenue beat(16)7
Avg Revenue beat(16)-0.36%
PT rev (1m)-2.04%
PT rev (3m)-1.81%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-2.35%
EPS NY rev (3m)-10.55%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.13%
Revenue NY rev (1m)-0.17%
Revenue NY rev (3m)-1.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.98 | ||
| Fwd PE | 16.37 | ||
| P/S | 2.02 | ||
| P/FCF | 17.36 | ||
| P/OCF | 13.34 | ||
| P/B | 2.61 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.13 |
EPS(TTM)1.9
EY4.55%
EPS(NY)2.55
Fwd EY6.11%
FCF(TTM)2.41
FCFY5.76%
OCF(TTM)3.13
OCFY7.5%
SpS20.72
BVpS15.99
TBVpS-4.95
PEG (NY)3.71
PEG (5Y)3.47
Graham Number26.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.83% | ||
| ROE | 11.88% | ||
| ROCE | 9.97% | ||
| ROIC | 7.65% | ||
| ROICexc | 8.31% | ||
| ROICexgc | 43.54% | ||
| OM | 13.53% | ||
| PM (TTM) | 9.17% | ||
| GM | 38.63% | ||
| FCFM | 11.61% |
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)6.78%
ROICexc(5y)6.63%
ROICexgc(3y)34.62%
ROICexgc(5y)34.83%
ROCE(3y)8.18%
ROCE(5y)8.09%
ROICexgc growth 3Y13.77%
ROICexgc growth 5Y12.12%
ROICexc growth 3Y9.41%
ROICexc growth 5Y-1.08%
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-Score8
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 5.45 | ||
| Debt/EBITDA | 2.54 | ||
| Cap/Depr | 63.12% | ||
| Cap/Sales | 3.5% | ||
| Interest Coverage | 7.04 | ||
| Cash Conversion | 79.23% | ||
| Profit Quality | 126.59% | ||
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.79 | ||
| Altman-Z | 1.96 |
F-Score8
WACC6.38%
ROIC/WACC1.2
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)10.07%
EPS 3Y1.86%
EPS 5Y6.33%
EPS Q2Q%-4.64%
EPS Next Y5.93%
EPS Next 2Y9.22%
EPS Next 3Y11.15%
EPS Next 5Y13.48%
Revenue 1Y (TTM)4.53%
Revenue growth 3Y2.49%
Revenue growth 5Y10.08%
Sales Q2Q%-0.11%
Revenue Next Year4.22%
Revenue Next 2Y5.11%
Revenue Next 3Y6.41%
Revenue Next 5Y5.04%
EBIT growth 1Y12.53%
EBIT growth 3Y2.65%
EBIT growth 5Y10.19%
EBIT Next Year40.06%
EBIT Next 3Y18.71%
EBIT Next 5Y13.72%
FCF growth 1Y27.42%
FCF growth 3Y18%
FCF growth 5Y14.63%
OCF growth 1Y24.98%
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.
What is the valuation status of SIEMENS HEALTHINEERS AG (SHL.DE) stock?
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 21.98 and the Price/Book (PB) ratio is 2.61.
Can you provide the dividend sustainability for SHL stock?
The dividend rating of SIEMENS HEALTHINEERS AG (SHL.DE) is 6 / 10 and the dividend payout ratio is 49.72%.