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Siemens Healthineers AG (SHL.DE)

EUR34.30 -1.26 (-3.54%)
DE XETRA Healthcare Medical - Devices
Address Henkestrasse 127 91052
Forchheim, DE
CEO Bernhard Montag
IPO 2018-04-12
ISIN DE000SHL1006

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Also trades on Deutsche Börse · SHL.DE (EUR) London Stock Exchange · 0PMJ.L (EUR) Other OTC · SEMHF (USD) Other OTC · SMMNY (USD)
Description

Siemens Healthineers AG, a subsidiary of Siemens Aktiengesellschaft with its headquarters in Erlangen, Germany, is a global leader in medical technology. The company develops, produces, and distributes a comprehensive portfolio of diagnostic and therapeutic products and services, catering to healthcare providers worldwide. Its operations are organized into four distinct business segments. The Imaging segment delivers advanced medical imaging systems, encompassing magnetic resonance imaging (MRI), computed tomography (CT), X-ray technology, molecular imaging, and ultrasound solutions. The Diagnostics segment focuses on providing in-vitro diagnostic products and services for laboratory, molecular, and point-of-care applications, alongside workflow optimization tools and informatics solutions for healthcare facilities. Varian, another key segment, specializes in cancer care, offering cutting-edge technologies, services, and integrated solutions to hospital oncology departments. This includes enhancing workflow efficiency, providing clinical services and consulting, and deploying digital platforms for treatment and therapy management. Lastly, the Advanced Therapies segment supplies sophisticated products designed to facilitate image-guided minimally invasive treatments across various medical fields, such as cardiology, interventional radiology, and surgery. Its offerings include angiography systems, mobile C-arms, and a robotic-assisted platform specifically for endovascular coronary and peripheral vascular procedures. Beyond these core offerings, Siemens Healthineers also provides a suite of essential support services, such as equipment performance management, clinical education and e-learning programs, asset management, managed departmental services for laboratories and healthcare facilities, and expert consulting and digital health services.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR34.30 -1.26 (-3.54%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
0.83
Float Shares
267.17M
Free Float %
23.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.98% -2.05% -10.25% -16.01% -24.36% -23.96% -30.52% -36.94% -26.10% +12.25% +12.25%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (2 ratings, all time) Buy
Price Targets & DCF
Current price
34.30
DCF (Unlevered) 64.62 +88.4%
DCF (Levered) 38.78 +13.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 75% Bullish
Rating 2026-05 Change
Strong Buy 4 0
Buy 11 0
Hold 5 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.74
Distress
Piotroski F-Score
8 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Medical - Devices: +11.2%
    +4.5% Q1'26: -3.9% (vs Q1'25)
  • EPS growth Medical - Devices: +28.5%
    +10.4% Q1'26: -4.3% (vs Q1'25)
  • FCF margin FCF growth · Medical - Devices: +30.9%
    +8.9% Q1'26: +4.8% (vs Q1'25)
  • EBIT margin Medical - Devices: +6.2%
    +14.1% Q1'26: +13.3% (vs Q1'25)
  • ROIC Medical - Devices: +3.3%
    +8.1% Q1'26: +7.6% (vs Q1'25)
  • Share dilution Medical - Devices: 0.0%
    +0.1% Q1'26: -0.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Medical - Devices: -0.35×
    3.29× Q1'26: 3.78× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.80) × ERP
WACC = 71% × Ke + 29% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 63.60 Current price: 34.30
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Sep 2018
actual
Sep 2019
actual
Sep 2020
actual
Sep 2021
actual
Sep 2022
actual
Sep 2023
actual
Sep 2024
actual
Sep 2025
actual
Sep 2026
17 Rev. Ana.
11 EPS Ana.
Sep 2027
18 Rev. Ana.
14 EPS Ana.
Sep 2028
16 Rev. Ana.
9 EPS Ana.
Sep 2029
8 Rev. Ana.
6 EPS Ana.
Sep 2030
8 Rev. Ana.
7 EPS Ana.
Revenue
13.43B
est: 13.48B (-0.4%)
14.52B
est: 14.33B (+1.3%)
14.46B
est: 14.53B (-0.5%)
18.00B
est: 17.83B (+1.0%)
21.71B
est: 21.40B (+1.5%)
21.68B
est: 21.87B (-0.9%)
22.36B
est: 22.41B (-0.2%)
23.38B
est: 23.51B (-0.6%)
23.85B
23.56B – 24.35B
+1.4% YoY
25.32B
24.98B – 26.09B
+6.1% YoY
26.86B
26.84B – 26.88B
+6.1% YoY
28.48B
28.11B – 29.21B
+6.0% YoY
30.29B
29.90B – 31.07B
+6.4% YoY
EBITDA
2.53B
est: 2.56B (-1.4%)
2.93B
est: 2.27B (+29.2%)
2.84B
est: 2.79B (+1.9%)
3.52B
est: 2.97B (+18.7%)
4.26B
est: 3.18B (+33.9%)
3.78B
est: 4.16B (-9.2%)
4.22B
est: 4.28B (-1.2%)
4.58B
est: 4.47B (+2.5%)
4.54B
4.48B – 4.63B
+1.4% YoY
4.82B
4.75B – 4.96B
+6.1% YoY
5.11B
5.10B – 5.11B
+6.1% YoY
5.42B
5.35B – 5.56B
+6.0% YoY
5.76B
5.69B – 5.91B
+6.4% YoY
EBIT
2.00B
est: 1.75B (+14.1%)
2.31B
est: 2.07B (+11.8%)
2.03B
est: 2.36B (-14.1%)
2.48B
est: 2.51B (-1.2%)
2.92B
est: 2.69B (+8.4%)
2.22B
est: 3.13B (-29.2%)
3.00B
est: 3.22B (-6.9%)
3.29B
est: 3.37B (-2.4%)
3.42B
3.38B – 3.49B
+1.4% YoY
3.63B
3.58B – 3.74B
+6.1% YoY
3.85B
3.85B – 3.85B
+6.1% YoY
4.08B
4.03B – 4.19B
+6.0% YoY
4.34B
4.29B – 4.45B
+6.4% YoY
Net Income
1.27B
est: 1.67B (-24.1%)
1.57B
est: 1.33B (+17.5%)
1.41B
est: 1.61B (-12.5%)
1.73B
est: 1.71B (+0.7%)
2.04B
est: 1.84B (+10.9%)
1.51B
est: 1.84B (-18.0%)
1.94B
est: 2.50B (-22.2%)
2.14B
est: 2.71B (-20.9%)
2.57B
2.50B – 2.64B
-5.2% YoY
2.94B
2.76B – 3.11B
+14.4% YoY
2.96B
2.87B – 3.66B
+0.9% YoY
3.69B
3.63B – 3.81B
+24.4% YoY
4.14B
4.08B – 4.28B
+12.3% YoY
SGA
2.15B
est: 2.04B (+5.7%)
2.16B
est: 2.27B (-5.0%)
2.20B
est: 2.28B (-3.4%)
2.63B
est: 2.42B (+8.6%)
3.29B
est: 2.59B (+26.7%)
3.40B
est: 3.30B (+3.0%)
3.25B
est: 3.40B (-4.3%)
3.64B
est: 3.55B (+2.4%)
3.60B
3.56B – 3.68B
+1.4% YoY
3.82B
3.77B – 3.94B
+6.1% YoY
4.06B
4.05B – 4.06B
+6.1% YoY
4.30B
4.25B – 4.41B
+6.0% YoY
4.58B
4.52B – 4.69B
+6.4% YoY
EPS
1.27
est: 1.48 (-14.2%)
1.57
est: 1.67 (-5.9%)
1.41
est: 1.54 (-8.6%)
1.57
est: 2.04 (-22.9%)
1.82
est: 2.23 (-18.5%)
1.35
est: 1.65 (-18.1%)
1.74
est: 2.20 (-21.0%)
1.91
est: 2.39 (-20.1%)
2.28
2.22 – 2.35
-4.5% YoY
2.60
2.46 – 2.77
+14.0% YoY
2.94
2.55 – 3.25
+13.1% YoY
3.28
3.23 – 3.39
+11.5% YoY
3.68
3.62 – 3.81
+12.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B+ 3/5 4/5 4/5 4/5 1/5 3/5 3/5
2026-05-08 B+ 3/5 4/5 4/5 4/5 1/5 2/5 3/5
2026-05-07 B+ 3/5 4/5 4/5 4/5 1/5 2/5 3/5
2026-05-06 B+ 3/5 4/5 4/5 4/5 1/5 2/5 3/5
2026-05-05 B+ 3/5 4/5 4/5 4/5 1/5 3/5 3/5
2026-05-04 B+ 3/5 4/5 4/5 4/5 1/5 3/5 3/5
2026-04-30 B+ 3/5 4/5 4/5 4/5 1/5 3/5 3/5
2026-04-29 B+ 3/5 4/5 4/5 4/5 1/5 3/5 3/5
2026-04-28 B+ 3/5 4/5 4/5 4/5 1/5 3/5 3/5
2026-04-27 B+ 3/5 4/5 4/5 4/5 1/5 3/5 3/5
2026-04-24 A- 4/5 4/5 4/5 5/5 1/5 3/5 3/5
2026-04-23 B+ 3/5 4/5 4/5 5/5 1/5 2/5 3/5
2026-04-22 B+ 3/5 4/5 4/5 5/5 1/5 2/5 3/5
2026-04-21 B+ 3/5 4/5 4/5 5/5 1/5 2/5 3/5
2026-04-20 B+ 3/5 4/5 4/5 5/5 1/5 2/5 3/5
2026-04-17 B+ 3/5 4/5 4/5 5/5 1/5 2/5 3/5
2026-04-16 B+ 3/5 4/5 4/5 5/5 1/5 2/5 3/5
2026-04-15 B+ 3/5 4/5 4/5 5/5 1/5 2/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.00B
OE per share TTM
1.78
Owner's Yield
5.29%
Maintenance CapEx ratio
44.97%
Maint CapEx / Avg PPE
19.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
45.7K
Shares Outstanding
1.12B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Bernhard Montag President, Chief Executive Officer & Chairman of Management Board 3M
Jochen Schmitz Chief Financial Officer & Member of Management Board 2M
Darleen Caron Chief Human Resources Officer, Labor Director & Member of Management Board 2M female
Elisabeth Staudinger Member of Management Board 2M female
Astrid Kristine Ploss Member of Supervisory Board, Head of Legal Advanced Therapies & Head of Legal Technology Excellence 71.0K female
Matthias Kraemer Head of Corporate Communications
Carsten Bertram Head of Advanced Therapies
Christian Klaussner Executive Vice President of Finance
Marc Koebernick Head of Investor Relations male
Andre Hartung Head of Diagnostic Imaging
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits