Added to YB: 2026-02-10
Pitch date: 2026-02-07
AFX.DE [bullish]
Carl Zeiss Meditec AG
-3.23%
current return
Author Info
Boredom Baron is an equity analyst who focuses on EU small-cap stocks. I look for value, invest with patience, and wait for the market to catch up. Sign up for the newsletter.
Company Info
Carl Zeiss Meditec AG operates as a medical technology company in Germany, rest of Europe, North America, and Asia.
Market Cap
EUR 2.4B
Pitch Price
EUR 27.90
Price Target
41.00 (+52%)
Dividend
2.03%
EV/EBITDA
9.67
P/E
16.81
EV/Sales
1.30
Sector
Health Care Equipment and Supplies
Category
turnaround
A European monopoly down 60%: Here is why I think it doubles - Carl Zeiss Meditec AG
AFX.DE: German ophthalmic device leader down 60% on China regulatory disruptions & CEO turnover. Q1 EBITA collapsed 77% to 2% margin on IOL re-registration issues. Quality 175yr franchise w/ surgical switching costs intact. Demographics (aging, myopia) support demand. Bear case priced as base case at €28 vs €41 fair value (~45% upside).
Read full article (10 min)