Carl Zeiss Meditec/€AFX
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Carl Zeiss Meditec
Carl Zeiss Meditec AG, publicly traded under the ticker symbol AFX, specializes in the healthcare technology sector. Founded in 2002 as a spin-off from Carl Zeiss AG, it provides comprehensive medical solutions for ophthalmology and microsurgery. Operating globally, the company combines its expertise in optics, electronics, and precision engineering to offer innovative products that enhance patient care and clinical outcomes.
- Ticker
- €AFX
- Sector
- Health
- Primary listing
- XETRA
- Employees
- 5,798
- Headquarters
- Jena, Germany
AFX Metrics
BasicAdvanced
€3.1B
24.99
€1.39
1.35
€0.55
1.58%
Price and volume
Market cap
€3.1B
Beta
1.35
52-week high
€46.48
52-week low
€22.66
Average daily volume
151K
Dividend rate
€0.55
Financial strength
Total debt to equity
0.276
Interest coverage (TTM)
6.47%
Profitability
EBITDA (TTM)
217.841
Gross margin (TTM)
51.56%
Net profit margin (TTM)
5.57%
Operating margin (TTM)
7.23%
Effective tax rate (TTM)
23.25%
Revenue per employee (TTM)
€380,000
Management effectiveness
Valuation
Price to earnings (TTM)
24.987
Price to revenue (TTM)
1.392
Price to book
1.46
Price to tangible book (TTM)
6.24
Dividend yield (TTM)
1.58%
Forward dividend yield
1.58%
Growth
Revenue change (TTM)
0.07%
Earnings per share change (TTM)
-18.69%
3-year revenue growth (CAGR)
1.60%
10-year revenue growth (CAGR)
7.18%
3-year earnings per share growth (CAGR)
-25.96%
10-year earnings per share growth (CAGR)
3.84%
10-year dividend per share growth (CAGR)
3.77%
What the Analysts think about AFX
Analyst ratings (Buy, Hold, Sell) for Carl Zeiss Meditec stock.
Analyst projections of the future price of Carl Zeiss Meditec stock.
Bulls say / Bears say
ProfitUp targets more than €200 million of annual earnings improvement by 2028/29, with over €160 million expected to remain after higher infrastructure costs. If delivered, this could support a recovery in the adjusted EBITA margin to at least about 15%. (Carl Zeiss Meditec)
Nine-month revenue was flat on a currency-adjusted basis, and management reported a solid order backlog. Microsurgery revenue rose 7.1% on that basis, helped by strong deliveries of neurosurgical microscopes, providing some support beyond the weaker ophthalmology business. (Carl Zeiss Meditec)
ZEISS says more than 15 million eyes have now been treated with SMILE and SMILE pro, with over 3,000 surgeons using the technology across more than 80 countries. That growing use suggests its refractive-surgery products have a substantial installed base to build on. (Carl Zeiss Meditec)
Profitability has fallen sharply: nine-month adjusted EBITA dropped to €124.5 million from €177 million, and the adjusted margin narrowed to 8% from 11.1%. This leaves the company with a significant recovery to achieve even before it reaches its medium-term margin target. (Carl Zeiss Meditec)
Ophthalmology remains under pressure from the withdrawal of a bifocal lens from China’s procurement tender, weaker refractive-laser sales and softer equipment investment in APAC. The company expects full-year revenue of only about €2.15–2.20 billion and an adjusted EBITA margin of 8%–10%, below last year’s 11.6% margin. (Carl Zeiss Meditec)
Procurement changes and competition could make the recovery structurally harder: UBS sees possible price declines in Chinese equipment and stronger rivals in DORC and diagnostics. It also forecasts 2029 margins well below management’s target, raising the risk that the savings and recovery plan will fall short. (Investing.com)
Data summarised monthly by Lightyear AI. Last updated on 2 Nov 2026.
AFX Financial Performance
Revenues and expenses
AFX Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing AFX
AllEURUSDGBP
Fund name | Fund size | €AFX weighting |
|---|---|---|
iShares TecDAX€EXS2 | €645M | 1.00% |
iShares Ageing Population$AGED | $953M | 0.13% |
iShares Ageing Population£AGES | $953M | 0.13% |
iShares Ageing Population€AGED | $903M | 0.13% |
Xtrackers MSCI Europe Small Cap£XXSC | $3.6B | 0.08% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.