SIEMENS HEALTHINEERS AG (SHL.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:SHL - DE000SHL1006 - Common Stock
44.35 EUR
-0.17 (-0.38%)
Overall SHL gets a fundamental rating of 5 out of 10. We evaluated SHL against 67 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 has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- SHL had positive earnings in the past year.
- SHL had a positive operating cash flow in the past year.
- SHL had positive earnings in each of the past 5 years.
- Each year in the past 5 years SHL had a positive operating cash flow.
1.2 Ratios
- SHL has a better Return On Assets (4.83%) than 65.67% of its industry peers.
- SHL has a Return On Equity of 11.88%. This is in the better half of the industry: SHL outperforms 68.66% of its industry peers.
- The Return On Invested Capital of SHL (7.66%) is comparable to the rest of the industry.
- The Average Return On Invested Capital over the past 3 years for SHL is below the industry average of 9.84%.
- The last Return On Invested Capital (7.66%) for SHL is above the 3 year average (6.28%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.83% | ||
| ROE | 11.88% | ||
| ROIC | 7.66% |
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's Profit Margin of 9.17% is fine compared to the rest of the industry. SHL outperforms 67.16% of its industry peers.
- SHL's Profit Margin has been stable in the last couple of years.
- SHL has a Operating Margin of 13.53%. This is in the better half of the industry: SHL outperforms 62.69% of its industry peers.
- SHL's Operating Margin has been stable in the last couple of years.
- SHL has a Gross Margin of 38.63%. This is in the lower half of the industry: SHL underperforms 79.10% of its industry peers.
- In the last couple of years the Gross Margin of SHL has remained more or less at the same level.
| 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
- SHL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- SHL has less shares outstanding than it did 1 year ago.
- The number of shares outstanding for SHL has been increased compared to 5 years ago.
- The debt/assets ratio for SHL has been reduced compared to a year ago.
2.2 Solvency
- SHL has an Altman-Z score of 2.05. 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.
- With a Altman-Z score value of 2.05, SHL perfoms like the industry average, outperforming 43.28% of the companies in the same industry.
- The Debt to FCF ratio of SHL is 5.45, which is a neutral value as it means it would take SHL, 5.45 years of fcf income to pay off all of its debts.
- With a Debt to FCF ratio value of 5.45, SHL perfoms like the industry average, outperforming 53.73% of the companies in the same industry.
- SHL has a Debt/Equity ratio of 0.63. This is a neutral value indicating SHL is somewhat dependend on debt financing.
- SHL's Debt to Equity ratio of 0.63 is on the low side compared to the rest of the industry. SHL is outperformed by 65.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 5.45 | ||
| Altman-Z | 2.05 |
ROIC/WACC1.16
WACC6.61%
2.3 Liquidity
- A Current Ratio of 1.11 indicates that SHL should not have too much problems paying its short term obligations.
- With a Current ratio value of 1.11, SHL is not doing good in the industry: 70.15% of the companies in the same industry are doing better.
- A Quick Ratio of 0.79 indicates that SHL may have some problems paying its short term obligations.
- SHL has a worse Quick ratio (0.79) than 70.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.79 |
3. Growth
3.1 Past
- SHL shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.17%.
- Measured over the past years, SHL shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.29% on average per year.
- Looking at the last year, SHL shows a small growth in Revenue. The Revenue has grown by 4.53% in the last year.
- 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)7.17%
EPS 3Y1.29%
EPS 5Y11.29%
EPS Q2Q%1.49%
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 9.85% yearly.
- SHL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.74% yearly.
EPS Next Y-0.32%
EPS Next 2Y6.49%
EPS Next 3Y8.77%
EPS Next 5Y9.85%
Revenue Next Year2.83%
Revenue Next 2Y4.53%
Revenue Next 3Y5.13%
Revenue Next 5Y5.74%
3.3 Evolution
- The EPS growth rate is stable: in the next years the growth will be about the same 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 18.56.
- SHL's Price/Earnings ratio is rather cheap when compared to the industry. SHL is cheaper than 85.07% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 26.94. SHL is valued slightly cheaper when compared to this.
- SHL is valuated rather expensively with a Price/Forward Earnings ratio of 18.62.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of SHL indicates a somewhat cheap valuation: SHL is cheaper than 64.18% of the companies listed in the same industry.
- When comparing the Price/Forward Earnings ratio of SHL to the average of the S&P500 Index (23.94), we can say SHL is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.56 | ||
| Fwd PE | 18.62 |
4.2 Price Multiples
- 67.16% of the companies in the same industry are more expensive than SHL, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, SHL is valued cheaper than 85.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.43 | ||
| EV/EBITDA | 13.94 |
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)1.64
EPS Next 2Y6.49%
EPS Next 3Y8.77%
5. Dividend
5.1 Amount
- SHL has a Yearly Dividend Yield of 2.14%.
- Compared to an average industry Dividend Yield of 0.95, SHL pays a better dividend. On top of this SHL pays more dividend than 82.09% of the companies listed in the same industry.
- SHL's Dividend Yield is comparable with the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.14% |
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 49.72% of its income as dividend. 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 2Y6.49%
EPS Next 3Y8.77%
FRA:SHL (1/21/2026, 9:32:56 AM)
44.35
-0.17 (-0.38%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)11-05 2025-11-05/bmo
Earnings (Next)02-05 2026-02-05
Inst Owners12.21%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap50.03B
Revenue(TTM)23.38B
Net Income(TTM)2.14B
Analysts78.57
Price Target56.61 (27.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.14% |
Yearly Dividend0.95
Dividend Growth(5Y)4.38%
DP49.72%
Div Incr Years0
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.69%
Min EPS beat(2)-3.98%
Max EPS beat(2)13.36%
EPS beat(4)2
Avg EPS beat(4)3.9%
Min EPS beat(4)-3.98%
Max EPS beat(4)13.36%
EPS beat(8)5
Avg EPS beat(8)4.19%
EPS beat(12)7
Avg EPS beat(12)2.71%
EPS beat(16)10
Avg EPS beat(16)2.88%
Revenue beat(2)0
Avg Revenue beat(2)-2.43%
Min Revenue beat(2)-4.1%
Max Revenue beat(2)-0.77%
Revenue beat(4)2
Avg Revenue beat(4)-0.83%
Min Revenue beat(4)-4.1%
Max Revenue beat(4)1.29%
Revenue beat(8)2
Avg Revenue beat(8)-1.21%
Revenue beat(12)3
Avg Revenue beat(12)-0.98%
Revenue beat(16)7
Avg Revenue beat(16)-0.37%
PT rev (1m)-0.51%
PT rev (3m)-8.52%
EPS NQ rev (1m)-2.15%
EPS NQ rev (3m)-10.29%
EPS NY rev (1m)-2.06%
EPS NY rev (3m)-8.85%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)1.58%
Revenue NY rev (1m)-0.24%
Revenue NY rev (3m)-1.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.56 | ||
| Fwd PE | 18.62 | ||
| P/S | 2.14 | ||
| P/FCF | 18.43 | ||
| P/OCF | 14.16 | ||
| P/B | 2.77 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.94 |
EPS(TTM)2.39
EY5.39%
EPS(NY)2.38
Fwd EY5.37%
FCF(TTM)2.41
FCFY5.43%
OCF(TTM)3.13
OCFY7.06%
SpS20.72
BVpS15.99
TBVpS-4.95
PEG (NY)N/A
PEG (5Y)1.64
Graham Number29.33
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.83% | ||
| ROE | 11.88% | ||
| ROCE | 9.97% | ||
| ROIC | 7.66% | ||
| ROICexc | 8.32% | ||
| ROICexgc | 43.55% | ||
| 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)6.75%
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-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 | 79.21% | ||
| Profit Quality | 126.59% | ||
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.79 | ||
| Altman-Z | 2.05 |
F-Score8
WACC6.61%
ROIC/WACC1.16
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)7.17%
EPS 3Y1.29%
EPS 5Y11.29%
EPS Q2Q%1.49%
EPS Next Y-0.32%
EPS Next 2Y6.49%
EPS Next 3Y8.77%
EPS Next 5Y9.85%
Revenue 1Y (TTM)4.53%
Revenue growth 3Y2.49%
Revenue growth 5Y10.08%
Sales Q2Q%-0.11%
Revenue Next Year2.83%
Revenue Next 2Y4.53%
Revenue Next 3Y5.13%
Revenue Next 5Y5.74%
EBIT growth 1Y12.56%
EBIT growth 3Y2.65%
EBIT growth 5Y10.19%
EBIT Next Year34.58%
EBIT Next 3Y17.72%
EBIT Next 5Y14.4%
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.
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 18.56 and the Price/Book (PB) ratio is 2.77.
How financially healthy is SIEMENS HEALTHINEERS AG?
The financial health rating of SIEMENS HEALTHINEERS AG (SHL.DE) is 3 / 10.