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Carl Zeiss Meditec AG CZMWF

Morningstar Rating
$97.95 −10.93 (10.03%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

CZMWF is trading within a range we consider fairly valued.
Price
$98.13
Fair Value
$238.23
Uncertainty
High
1-Star Price
$951.32
5-Star Price
$57.40
Economic Moat
Lbhzj
Capital Allocation
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Trading Information

Previous Close Price
$108.88
Day Range
$97.9597.95
52-Week Range
$81.00137.25
Bid/Ask
$97.18 / $109.66
Market Cap
$8.76 Bil
Volume/Avg
120 / 57

Key Statistics

Price/Earnings (Normalized)
28.24
Price/Sales
3.86
Dividend Yield (Trailing)
1.22%
Dividend Yield (Forward)
1.32%
Total Yield
1.22%

Company Profile

Carl Zeiss Meditec is one of the largest medical technology companies in the world and it operates in two segments: Ophthalmic devices and Microsurgery. OPT, which made up 75% of sales in 2022, includes refractive lasers, surgical ophthalmic devices, equipment for ophthalmic diagnostics, as well as a portfolio of intraocular lenses and disposable medical instruments. With a low-teens share of the market, Zeiss is the second-largest player in the space. MCS is composed of implants, surgical instruments, and visualization devices used during neurosurgery, spine surgery, and otolaryngology surgery. With over 60% market share, Zeiss is the clear leader in the microsurgery space.
Sector
Healthcare
Industry
Medical Instruments & Supplies
Stock Style Box
Mid Growth
Total Number of Employees
4,823

Competitors

Valuation

Metric
CZMWF
JNJ
Price/Earnings (Normalized)
28.2413.97
Price/Book Value
3.835.10
Price/Sales
3.864.09
Price/Cash Flow
21.7918.40
Price/Earnings
CZMWF
JNJ

Financial Strength

Metric
CZMWF
JNJ
Quick Ratio
2.410.91
Current Ratio
3.401.16
Interest Coverage
22.0518.88
Quick Ratio
CZMWF
JNJ

Profitability

Metric
CZMWF
JNJ
Return on Assets (Normalized)
13.98%
Return on Equity (Normalized)
35.02%
Return on Invested Capital (Normalized)
22.24%
Return on Assets
CZMWF
JNJ
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