XTRA:AFXMedical Equipment
Carl Zeiss Meditec (XTRA:AFX) Stock Margins Cloud A Cheap Looking Valuation
Traders pushed Carl Zeiss Meditec to €29.9 at Thursday’s close after a choppy week that left the stock slightly weaker over seven days but still higher over three months. The headline from these Q3 numbers is clear: profitability is under pressure even as valuation looks compressed.
The current trailing P/E of 21.5x sits below both European medical equipment peers and the wider industry, yet the trailing net profit margin has slipped to 5.6% from 6.9% a year earlier. For anyone thinking...