Getinge AB (publ) (GETI-B.ST) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-23.6%

SEK 207.35

vs SEK 271.40 price

Levered DCF

SEK 180.08

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.09

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	26.39×	30.21×	25.32×	23.64×	36.25×	16.16×	38.75×	-22.11×
P/B	2.03×	1.5×	2.03×	1.96×	4.35×	2.49×	2.31×	1.11×
P/S	1.7×	1.42×	1.92×	2.08×	3.98×	1.75×	1.78×	0.88×
EV / EBITDA	11.11×	10.78×	11.21×	10.35×	17.52×	7.79×	12.2×	20.83×
Gross margin	44.5%	46.5%	45.5%	47.5%	50.2%	49.4%	46.9%	45.7%
Operating margin	13.1%	8.2%	11.7%	12.8%	16.2%	16.0%	8.9%	-1.2%
Net margin	6.5%	4.7%	7.6%	8.8%	11.0%	10.9%	4.6%	-4.0%
Current ratio	1.32×	1.21×	1.26×	1.59×	1.42×	1.78×	1.47×	1.41×
Debt / equity	0.37×	0.33×	0.27×	0.19×	0.17×	0.49×	0.49×	0.56×
Interest coverage	8.86×	4.71×	7.58×	15.9×	22.65×	16.27×	5.03×	-0.63×
Dividend yield	2.1%	2.5%	1.9%	1.9%	0.8%	0.8%	0.6%	2.0%
Payout ratio	55.5%	74.9%	48.0%	44.6%	28.9%	12.6%	22.3%	-43.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.7%	5.0%	8.0%	8.3%	12.0%	15.4%	6.0%	-5.0%
Return on invested capital	7.3%	4.0%	6.2%	6.4%	8.6%	9.2%	4.1%	-0.8%
Return on assets	4.0%	2.6%	4.5%	4.8%	6.4%	7.2%	2.7%	-2.2%
Free cash flow yield	4.4%	6.6%	2.6%	3.8%	5.2%	11.8%	5.5%	5.3%
Earnings yield	3.8%	3.3%	3.9%	4.2%	2.8%	6.2%	2.6%	-4.5%
Enterprise value	SEK 67.1B	SEK 57.2B	SEK 66.4B	SEK 59.1B	SEK 107.8B	SEK 56.5B	SEK 56.2B	SEK 30.9B
Net debt / EBITDA	1.24×	1.46×	0.9×	0.03×	0.04×	0.57×	1.9×	6.44×
Cash conversion cycle (days)	155	169	167	186	157	155	183	195