As of 2025-07-06, the Intrinsic Value of Carl Zeiss Meditec AG (AFX.DE) is 31.52 EUR. This AFX.DE valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 53.60 EUR, the upside of Carl Zeiss Meditec AG is -41.2%.

The range of the Intrinsic Value is 18.78 - 75.52 EUR.

Is AFX.DE undervalued or overvalued?

Based on its market price of 53.60 EUR and our intrinsic valuation, Carl Zeiss Meditec AG (AFX.DE) is overvalued by 41.2%.

53.60 EUR

Stock Price

31.52 EUR

Intrinsic Value

Intrinsic Value Details

AFX.DE Intrinsic Value - Valuation Summary

	Range	Selected	Upside
a
DCF (Growth Exit 5Y)	18.78 - 75.52	31.52	-41.2%
DCF (Growth Exit 10Y)	21.47 - 77.5	34.17	-36.2%
DCF (EBITDA Exit 5Y)	38.62 - 56.87	46.78	-12.7%
DCF (EBITDA Exit 10Y)	41.93 - 66.93	52.80	-1.5%
Peter Lynch Fair Value	18.98 - 18.98	18.98	-64.59%
P/E Multiples	50.12 - 59.03	54.57	1.8%
EV/EBITDA Multiples	40.42 - 54.76	49.96	-6.8%
Earnings Power Value	20.93 - 33.1	27.02	-49.6%
Dividend Discount Model - Stable	17.14 - 70.4	43.77	-18.3%
Dividend Discount Model - Multi Stages	27.84 - 86.69	41.89	-21.9%

AFX.DE Intrinsic Value - Peers Comparison

	Range	Selected	Upside
a
Straumann Holding AG	68.74 - 1,173.43	126.96	20.6%
Sonova Holding AG	189.6 - 763.5	301.48	28.7%
Biomerieux SA	45.62 - 113.53	64.37	-45.9%
Smith & Nephew PLC	417.77 - 997.02	610.94	-45.0%
Demant A/S	215.15 - 841.15	355.99	33.6%
DiaSorin SpA	37.48 - 86.98	53.21	-41.1%
Ambu A/S	41.06 - 293.55	71.18	-28.5%
GN Store Nord A/S	34.34 - 260.72	84.70	-15.2%
Elekta AB (publ)	28.83 - 147.03	52.44	7.0%
Draegerwerk AG & Co KGaA	63.54 - 114.43	80.98	50.0%

AFX.DE Intrinsic Value - Key Valuation Metrics

Market Cap (mil)	4,794
Beta	1.76
Outstanding shares (mil)	89
Enterprise Value (mil)	5,362

Market risk premium	5.6%
Cost of Equity	7.65%
Cost of Debt	4.25%
WACC	7.2%