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Carl Zeiss Meditec AG AFX

Morningstar Rating
€99.00 −1.10 (1.10%)
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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

AFX is trading at a 5% discount.
Price
€98.52
Fair Value
€896.47
Uncertainty
High
1-Star Price
€193.88
5-Star Price
€14.18
Economic Moat
Jcml
Capital Allocation
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Trading Information

Previous Close Price
€100.10
Day Range
€99.0099.00
52-Week Range
202.00
Bid/Ask
€0.00 / €0.00
Market Cap
€8.85 Bil
Volume/Avg
0 / 133,236

Key Statistics

Price/Earnings (Normalized)
30.89
Price/Sales
4.22
Dividend Yield (Trailing)
1.11%
Dividend Yield (Forward)
1.11%
Total Yield
1.11%

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
AFX
JNJ
Price/Earnings (Normalized)
30.8914.07
Price/Book Value
4.105.14
Price/Sales
4.224.12
Price/Cash Flow
23.5018.53
Price/Earnings
AFX
JNJ

Financial Strength

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

Profitability

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