Merck KGaA operates in three main segments: life sciences, performance materials, and healthcare. The life sciences segment (44% of 2023 sales) primarily provides laboratory consumables and services to researchers in academia and applied fields, including the biopharmaceutical industry. In the healthcare segment (38%), Merck develops, manufactures, and sells branded pharmaceuticals with significant therapeutic concentrations in oncology, multiple sclerosis, and fertility. In its electronics segment (17%), the company offers specialty materials to manufacture a variety of products, such as semiconductors, flat-screen televisions, automobiles, and cosmetics. In 1995, the E. Merck KG family publicly sold part of the company, resulting in the current 30% public ownership of the firm.

Financial Strength

7/10

Name	Current	Vs Industry
Cash-To-Debt	0.2
Equity-to-Asset	0.55
Debt-to-Equity	0.37
Debt-to-EBITDA	1.73
Interest Coverage	10.65
Piotroski F-Score	5/9	0 1 2 3 4 5 6 7 8 9
Altman Z-Score	3.13	Distress Grey Safe
Beneish M-Score	-2.57	Manipulator Not Manipulator
WACC vs ROIC		WACC ROIC

Growth Rank

9/10

	Name	Current	Vs Industry		Vs History
	3-Year Revenue Growth Rate	6.2
	3-Year EBITDA Growth Rate	4.7
	3-Year EPS without NRI Growth Rate	15.8
	3-Year FCF Growth Rate	-2.7
	3-Year Book Growth Rate	16.3
	Future 3-5Y EPS without NRI Growth Rate	8.5
	Future 3-5Y Total Revenue Growth Rate	4.3

Momentum Rank

7/10

	Name	Current	Vs Industry		Vs History
	5-Day RSI	21.3
	9-Day RSI	28.95
	14-Day RSI	34.4
	6-1 Month Momentum %	7.45
	12-1 Month Momentum %	-4.23

Liquidity Ratio

	Name	Current	Vs Industry		Vs History
	Current Ratio	1.42
	Quick Ratio	0.89
	Cash Ratio	0.23
	Days Inventory	204.77
	Days Sales Outstanding	72.3
	Days Payable	87.75

Dividend & Buy Back

	Name	Current	Vs Industry		Vs History
	Dividend Yield %	1.5
	Dividend Payout Ratio	0.34
	3-Year Dividend Growth Rate	19.2
	Forward Dividend Yield %	1.5
	5-Year Yield-on-Cost %	2.67
	Shareholder Yield %	1.97

Profitability Rank

8/10

	Name	Current	Vs Industry		Vs History
	Gross Margin %	59.03
	Operating Margin %	17.05
	Net Margin %	13.46
	FCF Margin %	8.38
	ROE %	10.57
	ROA %	5.78
	ROIC %	6.83
	ROC (Joel Greenblatt) %	34.22
	ROCE %	9.6
	Years of Profitability over Past 10-Year	10

GF Value Rank

9/10

	Name	Current	Vs Industry		Vs History
	PE Ratio	22.61
	Forward PE Ratio	16.92
	PE Ratio without NRI	22.75
	Shiller PE Ratio	24.87
	Price-to-Owner-Earnings	24.55
	PEG Ratio	1.96
	PS Ratio	3.04
	PB Ratio	2.39
	Price-to-Tangible-Book	27.95
	Price-to-Free-Cash-Flow	36.27
	Price-to-Operating-Cash-Flow	16.87
	EV-to-EBIT	18.76
	EV-to-Forward-EBIT	17.79
	EV-to-EBITDA	12.57
	EV-to-Forward-EBITDA	12.22
	EV-to-Revenue	3.41
	EV-to-Forward-Revenue	3.32
	EV-to-FCF	40.72
	Price-to-Projected-FCF	1.34
	Price-to-DCF (Earnings Based)	1.29
	Price-to-DCF (FCF Based)	2.68
	Price-to-Median-PS-Value	1.02
	Price-to-Peter-Lynch-Fair-Value	1.71
	Price-to-Graham-Number	5.32
	Earnings Yield (Greenblatt) %	5.33
	FCF Yield %	2.76
	Forward Rate of Return (Yacktman) %	16.79

GF Value: €174.12

XTER:MRK

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