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Fresenius Medical Care (FMS) Stock Analysis

This is a peer-relative look at Fresenius Medical Care (FMS): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Health Care Equipment & Services peers, so every number reads in context rather than in isolation.

Company Profile

Fresenius Medical Care (FMS) trades as an ADR rather than ordinary local shares — read it with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile fields for Fresenius Medical Care (FMS)
Profile ItemFMS
NameFresenius Medical Care AG - Depositary Receipt
Country/RegionGermany
GICS SectorHealth Care
GICS Industry GroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
GICS Sub-IndustryHealth Care Services
Market Capitalization12.15 billion USD
CurrencyUSD
ExchangeNYSE
Listing DateSeptember 17, 1996
Security TypeADR

Price Performance

Cumulative Growth

FMS
GSPC
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Fresenius Medical Care (FMS) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Fresenius Medical Care (FMS) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Fresenius Medical Care (FMS) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Fresenius Medical Care (FMS) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: FMSIndustry group median
Total Return (1Y)-0.71%21.53%
Total Return (3Y, Annualized)13.88%9.81%
Total Return (5Y, Annualized)-4.69%-2.76%

Risk Profile

Drawdown History

FMS
GSPC
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Fresenius Medical Care (FMS) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Fresenius Medical Care (FMS) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Fresenius Medical Care (FMS) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: FMSIndustry group median
Volatility (1Y, Annualized)30.61%50.93%
Beta (5Y)0.770.85
Max Drawdown (5Y)-62.33%-70.34%

Risk-Adjusted Performance

Risk-Return Positioning

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Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. FMS is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Fresenius Medical Care (FMS) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: FMSIndustry group median
Sharpe Ratio (1Y)-0.160.34
Sortino Ratio (1Y)-0.210.54

Profitability

ROE (TTM)

Fresenius Medical Care (FMS) posts ROE of 7.84%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

FMS

Health Care Equipment & Services industry group

7.84%

Group distribution
Max
47.61%
Q3
14.36%
FMS
7.84%
Median
5.45%
Q1
-10.67%
Min
-47.01%
Largest peers
ISRG
17.93%
SYK
16.02%
UNH
15.77%
MDT
10.65%
ABT
9.14%
FMS
7.84%
MCK
--
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Where Fresenius Medical Care (FMS) stands on ROE within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Fresenius Medical Care (FMS) keeps 4.22% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

FMS

Health Care Equipment & Services industry group

4.22%

Group distribution
Max
29.35%
Q3
9.33%
FMS
4.22%
Median
2.18%
Q1
-6.29%
Min
-28.46%
Largest peers
ISRG
25.54%
MDT
13.93%
SYK
13.78%
ABT
9.75%
FMS
4.22%
UNH
3.53%
MCK
1.12%
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Where Fresenius Medical Care (FMS) stands on net margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Fresenius Medical Care (FMS) turns 9.63% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

FMS

Health Care Equipment & Services industry group

9.63%

Group distribution
Max
35.43%
Q3
14.14%
FMS
9.63%
Median
6.81%
Q1
-0.28%
Min
-16.29%
Largest peers
ISRG
33.29%
SYK
22.96%
MDT
19.33%
ABT
11.66%
FMS
9.63%
UNH
5.82%
MCK
1.48%
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Where Fresenius Medical Care (FMS) stands on operating margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Fresenius Medical Care (FMS) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: FMSIndustry group median
ROE (TTM)7.84%5.45%
ROA (TTM)3.94%3.17%
Net Margin (TTM)4.22%2.18%
Operating Margin (TTM)9.63%6.81%
Gross Margin (TTM)26.46%55.21%

Growth

Revenue Growth

Fresenius Medical Care (FMS) grew revenue 1.51%, in the lower peer quartile. The top line is expanding more slowly than at most peers, which can reflect softer demand, lost share, or weaker pricing.

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Fresenius Medical Care (FMS): Revenue Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

EPS Growth

Fresenius Medical Care (FMS) grew earnings per share 83.61%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.

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Fresenius Medical Care (FMS): EPS Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

Growth Metrics

Fresenius Medical Care (FMS) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: FMSIndustry group median
Revenue Growth (YoY)1.51%11.55%
Revenue Growth (3Y CAGR)0.39%10.83%
EPS Growth (YoY)83.61%4.88%
EPS Growth (3Y CAGR)13.47%14.59%

Financial Strength

Current Ratio (MRQ)

Fresenius Medical Care (FMS) has current ratio of 0.99, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

FMS

Health Care Equipment & Services industry group

0.99

Group distribution
Max
7.59
Q3
4.00
Median
1.98
Q1
1.37
FMS
0.99
Min
0.30
Largest peers
ISRG
3.33
SYK
2.18
MDT
2.07
ABT
1.46
FMS
0.99
MCK
0.90
UNH
0.74
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Where Fresenius Medical Care (FMS) stands on current ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Fresenius Medical Care (FMS) has debt-to-equity ratio of 0.79, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

FMS

Health Care Equipment & Services industry group

0.79

Group distribution
Max
1.88
Q3
0.91
FMS
0.79
Median
0.58
Q1
0.16
Min
0.00
Largest peers
FMS
0.79
UNH
0.70
SYK
0.66
ABT
0.61
MDT
0.55
ISRG
--
MCK
--
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Where Fresenius Medical Care (FMS) stands on debt-to-equity ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Fresenius Medical Care (FMS) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: FMSIndustry group median
Current Ratio (MRQ)0.991.98
Debt / Equity (MRQ)0.790.58
Net Debt / EBITDA3.632.04

Dividends

Dividend Yield (TTM)

Fresenius Medical Care (FMS) has dividend yield of 6.30%, above the entire industry range. That headline income is large, but yields this far above peers often come from a falling share price or an at-risk payout, so dividend safety matters more than the percentage itself.

FMS

Health Care Equipment & Services industry group

6.30%

Group distribution
FMS
6.30%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Largest peers
FMS
6.30%
MDT
2.72%
UNH
2.29%
ABT
2.22%
SYK
1.05%
MCK
0.32%
ISRG
0.00%
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Where Fresenius Medical Care (FMS) stands on dividend yield within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Fresenius Medical Care (FMS) has payout ratio of 50.14%, above the peer distribution for its industry. The dividend consumes more reported earnings than peers normally do, leaving unusually thin earnings cover.

FMS

Health Care Equipment & Services industry group

50.14%

Group distribution
FMS
50.14%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Largest peers
ABT
92.54%
MDT
70.02%
UNH
51.71%
FMS
50.14%
SYK
37.49%
MCK
8.77%
ISRG
0.00%
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Where Fresenius Medical Care (FMS) stands on payout ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Fresenius Medical Care (FMS) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: FMSIndustry group median
Dividend Yield (TTM)6.30%0.00%
Dividend Payout Ratio (TTM)50.14%0.00%

Valuation

P/E Ratio (TTM)

Fresenius Medical Care (FMS) trades at P/E ratio of 13.53, in the cheaper earnings-multiple quartile for its industry. Investors are paying less for each dollar of TTM earnings than they usually pay for comparable businesses.

FMS

Health Care Equipment & Services industry group

13.53

Group distribution
Max
80.41
Q3
47.62
Median
29.93
Q1
21.19
FMS
13.53
Min
4.21
Largest peers
ISRG
54.75
ABT
41.02
SYK
34.70
MCK
27.36
MDT
25.01
UNH
22.50
FMS
13.53
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Where Fresenius Medical Care (FMS) stands on P/E ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Fresenius Medical Care (FMS) trades at 0.62 on P/S ratio, in the lower sales-valuation quartile for its industry. That points to a cheaper revenue stream than most peers, with margin quality still doing the heavy lifting.

FMS

Health Care Equipment & Services industry group

0.62

Group distribution
Max
8.80
Q3
4.32
Median
2.13
Q1
1.10
FMS
0.62
Min
0.03
Largest peers
ISRG
13.82
SYK
4.72
ABT
3.95
MDT
3.47
UNH
0.78
FMS
0.62
MCK
0.29
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Where Fresenius Medical Care (FMS) stands on P/S ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Fresenius Medical Care (FMS) trades at 0.85 on P/B ratio, in the lower book-value quartile for its industry. Investors are paying less for the balance-sheet equity than they pay for most peers, with returns on that equity still central to the read.

FMS

Health Care Equipment & Services industry group

0.85

Group distribution
Max
11.68
Q3
6.12
Median
3.00
Q1
1.73
FMS
0.85
Min
-1.31
Largest peers
ISRG
9.82
SYK
5.29
ABT
3.73
UNH
3.60
MDT
2.59
FMS
0.85
MCK
-30.85
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Where Fresenius Medical Care (FMS) stands on P/B ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Fresenius Medical Care (FMS) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: FMSIndustry group median
P/E Ratio (TTM)13.5329.93
P/S Ratio (TTM)0.622.13
P/B Ratio (MRQ)0.853.00
Free Cash Flow Yield (TTM)12.29%3.50%