Added to YB: 2025-08-18
Pitch date: 2025-08-14
AFX.DE [bullish]
Carl Zeiss Meditec AG
-9.72%
current return
Author Info
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Company Info
Carl Zeiss Meditec AG operates as a medical technology company in Germany, rest of Europe, North America, and Asia.
Market Cap
EUR 3.8B
Pitch Price
EUR 44.44
Price Target
N/A
Dividend
1.40%
EV/EBITDA
17.27
P/E
24.98
EV/Sales
1.99
Sector
Health Care Equipment and Supplies
Category
value
A severely punished German medical leader (IRR 22% on average) - Carl Zeiss Meditec AG
AFX.DE: #2 in Ophthalmology (60% recurring revenue), #1 in Microsurgery. Margins fell from 20%+ to 12%, expected to recover to 16-20% long-term via DORC synergies, China improvement, new products. Bears cite Asian competition, regulatory risks in China. Undervalued at 10x EV/EBITDA vs 21x historical; 20% EPS CAGR expected.
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