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Eckert & Ziegler SE (EUZ) Fair Value & Analysis

Healthcare · DE · Market cap €954M

EZ Eckert & Ziegler SE EUZ · XETRA
Price€13.90
Fair Value€15.43
Upside+11.0%
Quality69/100
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Healthy Growth
Solidly profitable · 15.6% net margin
Low debt · generates free cash flow
1.44% dividend yield
Ranks above peers (11/15)
Wide moat 70/100
Evidence: High Range €9.66 – €21.43 Share as image

Fair value as of: Jul 11, 2026

From 26 valuation models · updated 30 days ago

Fair value updated Jul 11, 2026, revised from €15.45 to €15.43 (−0.1%) since Jun 24, 2026. Share price −9.1% over the past month.

A solid business, screening 11% undervalued on our models.

What matters now

  • A fairly wide model range (€9.66 to €21.43) leaves room in how you read the outcome.
  • Our model range runs from €9.66 (bear) to €21.43 (bull), base €15.43. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 69/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€37.22 €8.12 Fair Value €15.43 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range €8.12 – €37.22 · fair‑value band €9.66 – €21.43 · the €13.90 price screens below the €15.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Eckert & Ziegler SE (EUZ) currently trades at €13.90, while our model-based Fair Value estimate is €15.43, implying the stock looks roughly 11.0% undervalued today. The Quality Score stands at 69/100 (solid quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Eckert & Ziegler SE generated revenue of €317M at a net margin of 15.6%. Revenue grew 7.0% year over year. It earns a return on equity of 19.8%. The balance sheet holds a net cash position of €83.9M. Fundamentals as of Jul 11, 2026

Our scenario range runs from €9.66 (bear case) to €21.43 (bull case); at €13.90, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 40% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -22% fair-value upside, at 11%, EUZ screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €7.39 €10.17 €13.94 80
Residual Income €4.43 €5.97 €19.65 76
Rev-Margin DCF €10.24 €16.35 €23.80 74
All 26 models by family
DCF Models
FCF DCF €7.42 €10.44 €14.76 38
Owner Earnings €8.28 €11.78 €16.78 31
5Y Revenue Exit €10.24 €16.50 €24.84 39
5Y EBITDA Exit €12.58 €21.09 €31.48 41
5Y P/E Exit €11.14 €18.28 €26.14 38
10Y Revenue Exit €8.74 €13.92 €21.46 36
10Y EBITDA Exit €10.41 €16.90 €26.31 37
10Y P/E Exit €9.56 €15.07 €22.41 35
Earnings-Based
Graham-Dodd €5.30 €20.53 €27.83 54
Lynch FV €5.03 €7.18 €9.34 50
PEG = 1.0 €5.03 €7.18 €9.34 46
EPV €8.53 €9.43 €10.18 59
Dividend Discount
Gordon GGM €1.29 €2.33 €3.21 70
DDM Multi-Stage €1.29 €2.13 €2.49 61
Multiples
P/E Multiple €12.86 €17.14 €21.43 63
P/S Multiple €9.94 €13.25 €16.56 58
P/B Multiple €9.94 €13.25 €16.56 55
EV/EBIT €17.23 €22.33 €27.43 53
EV/EBITDA €17.40 €22.55 €27.71 54
EV/Revenue €12.41 €16.90 €21.38 43
Asset-Based
NCAV (Graham) €2.01 €2.70 €4.02 50
Growth DCF
Growth DCF €7.39 €10.17 €13.94 80
Rev-Margin DCF €10.24 €16.35 €23.80 74
Economic Profit
Residual Income €4.43 €5.97 €19.65 76
ROIC Compounder €9.01 €10.55 €12.22 72
Growth Earnings
Growth-Adj P/E €9.31 €13.29 €17.28 68

Widest divergence: Multiples (€16.90) versus Dividend Discount (€2.13). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €317M
Revenue growth (YoY) +7.0%
Net margin 15.6%
Return on equity 19.8%
Free cash flow €34.4M FY2025
P/E ratio 19.3
More key figures
Operating margin 21.9%
EPS (TTM) €0.7900
Dividend yield 1.4%
EPS growth (YoY) +8.1%
Net cash €83.9M FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 68 · Market factors (momentum, volatility) 25

Profitability 60
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 79
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Eckert & Ziegler SE manufactures and sells isotope technology components in Europe, North America, Asia, and internationally. It operates through two segments, Medical and Isotope Products.

Full company description

Eckert & Ziegler SE manufactures and sells isotope technology components in Europe, North America, Asia, and internationally. It operates through two segments, Medical and Isotope Products. The company provides small implants for the treatment of prostate cancer seeds based on iodine-125; and eye applicators based on ruthenium-106 and iodine-125 for the treatment of choroidal melanomas; brain seed, HDR and brachytherapy; therapeutic and radiotherapy accessories, X-Ray therapy, GA-68 generators, radiochromatography, hot cells; and radiopharmaceuticals, laboratory equipment, radiosynthesis equipment, quality-control equipment, consumables, therapeutic products and plant engineering, and other services. It offers standard and radiation sources for medical and industrial sectors; medical imaging and spect diagnostics, industrial analytical and instrument, high activity CS-137 and CO-60, and oil well logging sources; blood irradiators and environmental disposal source services; and bulk isotopes as well as calibration-related sources for radioisotopes. In addition, the company offers Tc-99m generators and supplies, trade in raw isotopes and other products, and services. It serves medical, scientific, and industrial applications. The company was formerly known as Eckert & Ziegler Strahlen- und Medizintechnik AG and changed its name to Eckert & Ziegler SE in March 2024. Eckert & Ziegler SE was founded in 1992 and is headquartered in Berlin, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Eckert & Ziegler SE reported revenue of €312M in FY2025 versus €180M in FY2021, a compound +14.7%/yr. Reported net income was €48.8M in FY2025, compounding +9.0%/yr from FY2021.

Growth Quality 96/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€312M
Latest YoY
+5.4%
Avg. growth/yr (3Y)
+12.0%
Avg. growth/yr (5Y)
+12.1%
Avg. growth/yr (23Y)
+10.5%
Revenue +14.7%/yr
FY21 €180M
FY22 €222M
FY23 €246M
FY24 €296M
FY25 €312M
Net income +9.0%/yr
FY21 €34.5M
FY22 €29.3M
FY23 €26.3M
FY24 €33.3M
FY25 €48.8M

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Cite: Fair Value Calculator (2026). "Eckert & Ziegler SE Fair Value". https://www.fairvalue-calculator.com/stock/EUZ

Peer Group

Medical Devices · 351 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 69 · Top 25%
Fair Value upside +11% · Top 25%
Return on equity (TTM) 20% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 22% · Top 25%
Revenue growth 7% · Above median
Dividend yield (TTM) 1.4% · Below median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Medical Devices median · lower = cheaper

P/E (TTM) 19.3× · Cheaper than median
P/B 4.38× · Pricier than 75% of peers
P/S (TTM) 3.48× · Pricier than median
P/FCF 32.1× · Pricier than 75% of peers
EV/EBITDA 10.8× · Cheaper than median
PEG 0.91× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 48 · sector 0
FUTURE 35 · sector 27
PAST 79 · sector 8
HEALTH 99 · sector 97
DIVIDEND 29 · sector 38

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Medical Devices stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $100.68 $74.79 -26%
Stryker Corporation SYK $316.44 $186.28 -41%
Medtronic plc MDT $83.56 $65.57 -22%
Boston Scientific Corporation BSX $43.04 $38.44 -11%
Edwards Lifesciences Corporation EW $85.73 $41.02 -52%
Siemens Healthineers AG SHL €34.59 €33.87 -2%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥149.43 ¥147.63 -1%
Shanghai United Imaging Healthcare Co 688271 ¥109.00 ¥43.60 -60%
Demant A/S DEMANT kr 276.60 kr 161.17 -42%
Getinge AB GETIB kr 206.80 kr 192.14 -7%

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Frequently asked questions

Is Eckert & Ziegler SE (EUZ) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of €15.43 versus a price of €13.90, about +11% (undervalued).
What is the fair value of EUZ?
Our model-based fair value for Eckert & Ziegler SE is €15.43 (as of Jul 11, 2026), built from audited fundamentals. The current price is €13.90.
What is the quality score of EUZ?
Eckert & Ziegler SE has a Quality Score of 69/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Eckert & Ziegler SE (EUZ)?
Eckert & Ziegler SE reported trailing-twelve-month revenue of about €317M (latest available figure, as of Jul 11, 2026).
What is the net profit margin of EUZ?
The net profit margin of Eckert & Ziegler SE is about 15.6%, meaning it keeps roughly 15.6% of revenue as net income. Based on the latest reported figures.
Does Eckert & Ziegler SE pay a dividend?
Eckert & Ziegler SE currently shows a dividend yield of about 1.36% relative to its recent price (as of Jul 11, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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