The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

SHL.DE

Concerning the House

Siemens Healthineers AG, through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers in Germany, the United States, rest of Europe, CIS, Africa, the Middle East, the Americas, the Asia Pacific, Japan, and China. It operates in four segments: Imaging, Diagnostics, Varian, and Advanced Therapies. The Imaging segment offers magnetic resonance imaging, computed tomography, X-ray, molecular imaging, and ultrasound systems; and software solutions to support the reading and structured reporting of diagnostic images from different modalities. Its Diagnostics segment provides in-vitro diagnostic products and services to healthcare providers in the fields of general and specialty laboratory, and point-of-care diagnostics; and workflow solutions for laboratories and informatics products. The Varian segment offers microwave, cryoablation, and embolization technologies, as well as clinical professional services for cancer care that support oncology departments in hospitals and clinics; and customized support for cancer care operations. Its Advanced Therapies segment provides products that are designed to support image-guided minimally invasive clinical procedures in various areas, such as cardiology, neurology, and oncology; angiography systems and mobile C-arms; and AI-powered clinical applications. It also offers essential technical customer service, such as maintenance and repair; spare parts; medical equipment performance management; training; clinical education and e-learning; planning and design; financing; asset management; and managed departmental services for laboratories and healthcare facilities, as well as healthcare consulting, products, and services. It has strategic partnership with IFS to increase product lifecycle with industrial AI. The company was founded in 1896 and is headquartered in Forchheim, Germany. Siemens Healthineers AG is a subsidiary of Siemens Aktiengesellschaft.

Germany · www.siemens-healthineers.com

The Ledger
LineDec 2024Mar 2025Jun 2025Dec 2025
Revenue$5.48B$5.91B$5.66B$5.40B
Gross profit$2.15B$2.32B$2.18B$2.08B
Operating income$697.00M$844.00M$732.00M$677.00M
Net income$474.00M$530.00M$552.00M$449.00M
Diluted EPS0.420.490.40
Free cash flow$810.00M$198.00M$844.00M$331.00M
CapEx-$170.00M-$195.00M-$191.00M-$161.00M
Quotation

$39.03

-0.56 (-1.4%)

52w hi$48.37
52w lo$33.40
Vol570.53K
As ofAug 13
The Verdict

Hold

Our score +0.16

Short-0.12
Medium+0.28
Long+0.50

computed 2026-08-13

By the Numbers

Siemens Healthineers AG

Healthcare · Medical Devices

Market cap$43.69B
Enterprise value$56.22B
Trailing P/E19.82x
Forward P/E16.46x
EV / EBITDA13.98x
P / S (ttm)1.89x
Profit margin9.6%
Return on equity12.1%
Revenue growth+1.8%
Earnings growth+22.4%
Debt / equity78.30
Risk Metrics
Beta vs SPX0.33
Corr SPX0.22
Annual vol24.2%
Annual ret-13.1%
Sharpe-0.54
Max DD-44.0%

Window: 504 trading days (489 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.33
Sector+0.12
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$39.29$39.34$38.95570.53K
Aug 12$39.47$39.75$39.03$39.03727.95K
Aug 11$39.01$39.76$38.75$39.59913.45K
Aug 10$39.50$39.51$38.75$39.17813.81K
Aug 7$39.30$39.74$39.10$39.51771.63K