The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

FRE.DE

Concerning the House

Fresenius SE & Co. KGaA, a health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa. It operates through Fresenius Kabi and Fresenius Helios segments. The Fresenius Kabi segment offers products for therapy and care of critically and chronically ill patients, including biopharmaceuticals, clinical nutrition, MedTech products, intravenously administered generic drugs, and IV fluids. It also provides biosimilar drugs; enteral and parenteral nutrition products; and medical technologies that include disposables, infusions pumps, apheresis machines, cell therapy devices, and other products. The Fresenius Helios segment operates hospitals, medical care centers, occupational health centers, prevention centers, and outpatient health centers, as well as provision of medical diagnostics. The company has a strategic collaboration with SAP SE and Avelios Medical GmbH for the development of a cloud-native, modular hospital information system that enables digitalization of clinical and administrative processes with AI integration. The company was formerly known as Fresenius SE and changed its name to Fresenius SE & Co. KGaA in January 2011. Fresenius SE & Co. KGaA was founded in 1912 and is based in Bad Homburg vor der Höhe, Germany.

Germany · www.fresenius.com

The Ledger
LineDec 2024Mar 2025Jun 2025Dec 2025
Revenue$5.63B$5.65B$5.58B$6.16B
Gross profit$1.42B$1.41B$1.46B$1.52B
Operating income$469.00M$687.00M$560.00M$468.40M
Net income$240.00M$229.00M$330.00M$361.00M
Diluted EPS0.410.58
Free cash flow$582.00M-$123.00M$207.00M$619.00M
CapEx-$376.00M-$179.00M-$211.00M-$725.00M
Quotation

$47.66

+0.84 (+1.8%)

52w hi$50.71
52w lo$35.45
Vol828.43K
As ofAug 13
The Verdict

Hold

Our score +0.23

Short-0.14
Medium+0.35
Long+0.74

computed 2026-08-13

By the Numbers

Fresenius SE & Co. KGaA

Healthcare · Medical Care Facilities

Market cap$26.84B
Enterprise value$37.13B
Trailing P/E17.78x
Forward P/E12.10x
EV / EBITDA12.22x
P / S (ttm)
Profit margin6.5%
Return on equity8.3%
Revenue growth+5.2%
Earnings growth+17.2%
Debt / equity55.98
Risk Metrics
Beta vs SPX0.13
Corr SPX0.09
Annual vol23.0%
Annual ret+23.3%
Sharpe1.01
Max DD-31.4%

Window: 504 trading days (489 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.43
Sector+0.12
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$47.34$48.10$46.97$47.66828.43K
Aug 12$47.22$47.35$46.61$46.82706.95K
Aug 11$47.20$47.58$46.86$47.15686.04K
Aug 10$47.23$47.34$46.72$46.91637.45K
Aug 7$47.03$47.56$46.67$47.06667.09K