Fresenius Medical Care AG I (FME.DE)

DCF Valuation · Healthcare · Medical Care Facilities

Valuation as at 2026-08-14 · see also the Europe Most Undervalued screen

About Fresenius Medical Care AG I

Fresenius Medical Care AG provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally. The company offers dialysis treatment and related laboratory and diagnostic services through a network of outpatient dialysis clinics; materials, training, and patient support services comprising clinical monitoring, follow-up assistance, and arranging for delivery of the supplies to the patient's residence; and dialysis services under contract to hospitals in the United States for the hospitalized end-stage renal disease (ESRD) patients and for patients suffering from acute kidney failure. The company operates through Care Delivery and Care Enablement segments.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

Fresenius Medical Care AG I FME.DE

Healthcare · Medical Care Facilities

Price
€40.99
Market Cap
€10.91B
Free Cash Flow
€2.02B
Beta
0.84
P/E (TTM)
12.3x
52-Week Range
€34.57–€47.86

Fresenius Medical Care AG I's price & financial trends

Each card is labelled with its own reporting period — quarterly where Yahoo provides it for this market, annual otherwise.

Data as at 2026-08-14

Share price · last 2 years

€41.01 +18% vs 2024-08
STOXX Europe 600 €34.86€48.04€48.65€41.25€38.61€41.01 2024-082025-012025-062025-112026-042026-08

Earnings per share (diluted) Per quarter

€0.81 +56% vs Q1 '25
€0.52€0.77€1.14€0.43€0.81Q1 '25Q2 '25Q4 '25Q1 '26Q2 '26

Free cash flow Per quarter

€0.62B -0% vs Q2 '25
€0.62B€0.55B€0.58B€0.04B€0.62BQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Dividend per share Per year

€1.45 +8% vs FY22
€1.35€1.12€1.19€1.45FY22FY23FY24FY25

Value investing scale · Buffett · Dalio · Graham

Strong Fit
13 / 20 combined score

See the full Buffett, Dalio & Graham breakdown for FME.DE →

Intrinsic value estimate · 5-year forecast

BEAR
€113.55
vs current €40.99
+177.0% ✅ Undervalued
BASE
€167.46
vs current €40.99
+308.5% ✅ Undervalued
BULL
€263.51
vs current €40.99
+542.9% ✅ Undervalued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Starting free cash flow
€2.02B
Reported free cash flow (Yahoo)
Risk-free rate
3.20%
Fixed market seed
Beta
0.84
Floored for non-US stocks
Equity risk premium
5.50%
Market-specific seed
Cost of debt
4.50%
Synthetic rating A-, ICR 4.8x
Tax rate
25.00%
Estimated default
Capital structure
E 50% / D 50%
Market cap vs total debt
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
5-yr FCF growth1.8%3.5%5.3%
Terminal growth1.8%1.8%1.8%
WACC (discount rate)6.59%5.59%4.59%

Cost of Equity = Risk-free rate + Beta × Equity Risk Premium = 3.20% + 0.84 × 5.50% = 7.81% · WACC = weighted by 50%/50% capital structure

These numbers come from running Fresenius Medical Care AG I's cash flows through the mechanical DCF formula and assumptions above — not from any view on the news, management, or FME.DE's competitive position. What is DCF?

Want to test your own growth or discount-rate assumptions?Open the full interactive calculator, pre-filled with FME.DE →

More stocks we've valued

Not financial advice. DCF valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Computed on 2026-08-14 from Yahoo Finance data, using the same engine as the full DCF tool and the Europe Most Undervalued screen. Every figure above is a point-in-time snapshot of that date — change any assumption yourself in the interactive tool for a live one.

Frequently asked questions

Is Fresenius Medical Care AG I (FME.DE) undervalued?

The Base-case DCF estimates intrinsic value at €167.46 vs a price of €40.99 on 2026-08-14 — a +308.5% margin, so the Base case reads undervalued. This is a mechanical output, not advice.