US · USD

FMS

Fresenius Medical Care Corporation

$22.65+1.80% ($0.40)
Day's range
$22.34 – $22.68
Day's volume
$12.9M
52-week range
$19.41 – $26.35

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FMS in numbers

Market cap
$6.3B
P/E
5.09
P/B
0.59
Dividend yield (12m)
3.85%
Net debt/EBITDA
2.68

The 12-month dividend yield of FMS is 3.85%, above its 5-year average of 3.22%.

FMS price history

10/06/202510/05/2026
Compare with

FMS risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-1.49%+21.61%-12.01%
Volatility (annualized)20.61%23.18%33.08%
Largest drawdown-13.29%-21.46%-57.99%
Positive months5/1222/3635/60

How much did investing in FMS return?

$1,000.00 invested on 11/01/2021 would be worth $879.92 today.

Value today in FMS
$879.92
Return over the period
-12.01%
Return per year
-2.56%
In the S&P 500
$1,702.20

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

FMS fundamentals

Valuation

  • P/E
    5.09
  • P/B
    0.59
  • EV/EBITDA
    4.77
  • EV/EBIT
    5.47
  • EV/Revenue
    —
  • P/EBIT
    2.40
  • P/S
    —
  • P/OCF
    2.96
  • P/FCF
    5.70
  • Earnings yield
    18.27%
  • PEG ratio
    —
  • Earnings per share
    $4.45
  • Book value per share
    $38.70

Debt

  • Net debt
    $8.1B
  • Net debt/EBITDA
    2.68
  • Net debt/Equity
    0.75
  • Debt/Equity
    0.82
  • Current ratio
    1.45
  • Quick ratio
    1.17
  • Cash ratio
    0.15

Profitability

  • ROE
    11.50%
  • ROA
    4.62%
  • ROIC
    9.67%
  • Payout
    19.59%

Growth

  • Revenue CAGR (5 years)
    —
  • Earnings CAGR (5 years)
    3.02%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is FMS's fair price?

Two classic value formulas, with today's numbers. The current price is $22.65.

Graham's fair price
$62.26
174.88% above the price

√(22.50 × $4.45 × $38.70)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
$12.03
46.87% below the price

$0.72 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

FMS's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20162015201420132012201120102009
ROE11.50%10.41%11.07%12.02%13.27%13.56%13.26%13.35%
ROIC9.67%9.13%8.58%9.35%9.43%10.54%10.78%10.62%
Gross margin——94.88%95.33%————
EBITDA margin——56.10%58.44%————
Net margin——19.85%22.33%————
Net debt/EBITDA2.382.442.882.472.561.951.731.94

FMS's financial statements

Line201620152014201320122011
Net revenue——$5.3B$5B——
Cost of revenue-$12.1B-$11.4B-$10.8B-$9.9B-$9.2B-$8.4B
Gross profit$5.8B$5.3B$5B$4.7B$4.6B$4.2B
EBITDA$3.4B$3B$3B$2.9B$2.8B$2.6B
EBIT$2.6B$2.3B$2.3B$2.3B$2.2B$2.1B
Financial result——————
Income before tax$2.2B$1.9B$1.8B$1.8B$1.9B$1.8B
Income tax-$683.1M-$622.1M-$583.6M-$592M-$605.1M-$601.1M
Net income$1.2B$1B$1B$1.1B$1.2B$1.1B

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does FMS pay dividends?

Dividend yield per year

  • 0.98%2017
  • 1.95%2018
  • 1.78%2019
  • 1.70%2020
  • 2.57%2021
  • 4.34%2022
  • 2.97%2023
  • 2.80%2024
  • 3.42%2025
  • 3.85%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend05/21/202606/08/2026$0.87
Dividend05/22/202506/06/2025$0.82
Dividend05/16/202406/03/2024$0.63
Dividend05/16/202306/01/2023$0.62
Dividend05/12/202205/27/2022$0.71
Dividend05/21/202106/07/2021$0.83
Dividend08/27/202009/11/2020$0.71
Dividend05/16/201905/31/2019$0.66
Dividend05/18/201806/04/2018$0.63
Dividend05/10/201705/26/2017$0.51

About Fresenius Medical Care

Sector
Services

Questions about FMS

How much is FMS today?

FMS is at $22.65 (1.80% on the day), last traded on 10/05/2026.

How much did FMS pay in dividends in 2025?

FMS paid $0.82 per share in 2025, a dividend yield of 3.42%.

What are the P/E and P/B of FMS?

FMS trades at a P/E of 5.09 and a P/B of 0.59.

How much did FMS return in 12 months?

FMS returned -1.49% in 12 months, with annualized volatility of 20.61% and a largest drawdown of -13.29%.