Valuation
26% of the score
93median 13
Fresenius Medical Care AG is valued at 8x its operating profit before acquisition amortisation (EBITA), including debt: a low multiple.
25x
20x
15x
10x
6x
8x
Full points at 6x or less, none from 25xfull points
FMSFresenius Medical Care AG
$22.94-4.9% 1Y
$22.94
$19.4152 weeks$26.35
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 57 out of 100, Average
Today's price. Only valuation depends on it.
Average. Fresenius Medical Care AG scores higher than 62% of the 1,794 companies Ryufin scores.
Carried by valuation and capital allocation, held back by return on new capital and return on capital.
Healthcare median 27 · all companies 50
Return on capital
18% of the score
23median 34
Over 7 years the business earned 5.1% a year after tax on the capital it uses.
2%
8%
15%
25%
5.1%
None at 2% or less, full points from 25%full points
7 years agolatest 5.6%
Return on new capital
16% of the score
0median 49
Over 6 years yearly profit fell by 6 cents for every dollar earned. It did so while using less capital than before.
-5%
12%
-6.2%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score
79median 64
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countDown 0.2% a year over 5 years: buybacks
655%
-3%
-0.2%
0 pointsfull points
Assets against salesAssets grew -0.4% a year, sales 1.9%
10012%
-2%
-2.3%
0 pointsfull points
Cycle position
12% of the score
69median 62
Today's operating margin of 9.3% is 0.97x its normal 9.6%: close to its usual level. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
1x
A trough earns points, a peak costs themfull points
10 years agonow 9.3%
Balance sheet
8% of the score
52median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDA1.6x a year of EBITDA
734.5x
0.5x
1.6x
0 pointsfull points
Interest coverOperating profit covers interest 5x
311.5x
12x
4.8x
0 pointsfull points
Earnings quality
6% of the score
93median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 3.82x profit over 3 years
1000.7x
1x
1.3x
3.8x
0 pointsfull points
AccrualsCash ran ahead of profit by 5.3% of assets
868%
0%
-8%
-5.3%
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2025-12-31, latest annual report FY2025.