Fresenius Medical Care AG
Last usable year: 2016-12-31 — 117 months ago. Nothing filed since gives the figures a payout ratio needs. For a company that once paid, that usually means it stopped.
| Basis | Payout | Why |
|---|---|---|
| GAAP earnings | 19.7% | whyThe figure most screeners publish. |
| Operating cash flow | 13.0% | whyBefore capital spending. |
| Free cash flow | 25.0% | whyAfter maintaining the business. |
12 points between highest and lowest basis.
Coverage rating 64 / 100 — Adequate. ? Peer standing 31/50Direction 18/30Stability 15/20
Free cash flow payout, last 6 years
| Fiscal year | Payout |
|---|---|
| 2016-12-31 | 25.0% |
| 2015-12-31 | 26.1% |
| 2014-12-31 | 34.2% |
| 2013-12-31 | 23.0% |
| 2012-12-31 | 19.9% |
| 2011-12-31 | 33.1% |
62% of the 45 health care here pay out more.
The arithmetic
- GAAP earnings — dividends declared per share $0.800 ÷ diluted EPS $4.06
- Operating cash flow — dividends paid $277m ÷ operating cash flow $2,140m
- Free cash flow — dividends paid $277m ÷ (operating cash flow $2,140m − capex $1,030m)
Where the figures came from
- 20-F filed 2017-02-22 · accession 0001047469-17-000816
Every one is public at sec.gov and free to check. That is the point — you should not have to take our word for any of it.
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell us — that is more useful to us than agreement.
What the free cash flow payout ratio measures, and where every company here sits on it.
Who else looks like this
Every figure above is computed from Fresenius Medical Care AG’s own filing, and every company here is measured the same way. Screen all of them on any of these twelve measures, or on the rules two investors published — free, and nothing you screen leaves your browser.